Payments Dive

JANUARY 24, 2024

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

Cards 408

Cards New York Report 408

Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations. DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve.

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Fraud Payments Software Policies 221

Payments Dive

JANUARY 24, 2024

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

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Abrigo

JANUARY 24, 2024

Account for the details before your FDIC bank acquisition Consider these tips for assessing your institution and a to-be-acquired institution for a smooth integration You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape." Watch NOW Takeaway 1 With the FDIC increasing examination staff and 44 banks on the problem bank list last quarter, some acquisitive institutions are considering the FDIC bid process.

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FDIC Regulation Strategy Data 195

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Groups

Payments Dive

JANUARY 24, 2024

“Looking inward, I realized we grew our org too quickly,” founder and co-CEO Pedro Franceschi said in a message to employees.

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SWBC's LenderHub

JANUARY 24, 2024

The holidays brought laughter by the fireplace, warm desserts, and the joyous sounds of caroling. But lurking outside in the frigid cold, after the tree is put away and before the first credit card bill comes, winter is preparing a surprise for your members: Unforeseen car troubles threaten to cast a dark shadow over the recent festivities.

Cards 78

Cards 78

American Banker

JANUARY 24, 2024

The Bank Term Funding Program, established during last year's liquidity crunch, will stop issuing new loans on March 11. Until then, banks can still borrow from the facility, though at less favorable terms.

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Lending Policies 87

CFPB Monitor

JANUARY 24, 2024

The Board of Governors of the Federal Reserve (the “Board”) has announced that it is extending the comment period for its proposed changes to its debit card interchange fee rule until May 12, 2024. Comments were originally due on February 12, 2024. On October 25, 2023, the Board issued a Notice of Proposed Rulemaking for Regulation II.

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Cards Regulation 78

American Banker

JANUARY 24, 2024

Hood, who was first appointed to the National Credit Union Administration in 2005, explained what drove his focus on financial inclusion and the technology that promises to make it possible.

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National Technology Industry 85

Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Analysis

TheGuardian

JANUARY 24, 2024

Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of new loans China’s central bank has announced a surprise cut to the amount of cash that banks must hold in reserve, hoping to boost the lending available to households and businesses as policymakers try to steer the economy through a fragile recovery. Pan Gongsheng, the governor of the People’s Bank of China (PBOC), said on Wednesday that the reserve requirement ratio would be cut by 0.5% from 5 February, the

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Lending 75

American Banker

JANUARY 24, 2024

Barclays has redesigned the Cambridge Eagle Lab to focus on companies that develop sustainable and other environmentally focused technology, Vodafone expanded its partnership with global fintech MoneyHub to offer its financial wellness app, and more in this week's global news roundup.

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Fintech Technology Company Payments 85

BankInovation

JANUARY 24, 2024

Technology leaders from KeyBank will join Bank Automation Summit U.S. 2024 to discuss balancing automation and efficiencies and robotic process automation. KeyBank Chief Transformation Officer Dominic Cugini and domain manager of service digitization Mike Reynolds will join the speaker faculty at the summit. Cugini will speak Tuesday, March 19, at 9:10 a.m.

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Management Technology 74

American Banker

JANUARY 24, 2024

In a bid to help phase out passwords, Mastercard is launching an authentication service that enables consumers to confirm their identities with fingerprint and facial recognition technology when signing in to accounts.

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Technology Payments 80

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

BankInovation

JANUARY 24, 2024

Financial institutions are investing in digital and mobile banking offerings, closing out 2023 with an uptick in digital adoption. This trend was prevalent in the fourth quarter of 2023 for large and small financial institutions alike. At Puerto Rico-based, $18.

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Puerto Rico Digital Banking Trends Mobile 74

William Mills

JANUARY 24, 2024

As credit union leaders reflect on the past year and look toward the new year, growing deposits will continue to be a priority. Deposits are the lifeblood of any financial institution, and emphasizing deposits in 2024 is key to long-term growth and stability.

Strategy 74

Strategy Marketing 74

BankInovation

JANUARY 24, 2024

Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments. Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard.

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Software Payments 74

The Paypers

JANUARY 24, 2024

National Australia Bank (NAB) has partnered with Microsoft to provide a free cyber assessment tool to help Aussie small businesses prepare for and recover from a cyber-attack.

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National Tools 74

Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

Capital

TheGuardian

JANUARY 24, 2024

The investment company is also outsourcing work, selling offices and renegotiating contracts while recognising ‘performing colleagues’ Fund manager abrdn has said it plans to keep paying bonuses despite slashing 500 jobs and outsourcing more work as part of a £150m cost-cutting drive designed to boost profits. The investment company is cutting jobs at head office and in its back office support teams but said that frontline staff who deal with clients would not be at risk.

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Management Company 68

The Paypers

JANUARY 24, 2024

Banking solutions provider NCR Atleos has announced that Grow Financial Federal Credit Union has chosen its Atleos ATM-as-a-Service (ATMaaS) to augment the self-service banking channel.

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ATM 41

American Banker

JANUARY 24, 2024

The next few years will mark the transition of sustainable finance in Latin America through its adolescence and towards maturity.

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America 41

Image Works Direct

JANUARY 24, 2024

image.works is pleased to announce that The Financial Brand, a well-known digital publication and source for financial marketing news, has published an article created by our copy team on the topic of IP targeting and its strength as a strategy for promoting deposit accounts.

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Branding Strategy Marketing 36

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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

Operations

American Banker

JANUARY 24, 2024

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

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Lending Financial Technology Security Operations 36

The Paypers

JANUARY 24, 2024

iDenfy has announced a new partnership with StackGo, an Australia-based software development company specialising in financial services, legal, real estate, and education sectors.

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Software Company 36

American Banker

JANUARY 24, 2024

John Watt, 65, will step down in May after more than seven years as president and CEO of NBT Bancorp in Norwich, New York. The plethora of internal candidates to succeed him made the decision a no-brainer, Watt says.

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New York Community Bank Community 36

The Paypers

JANUARY 24, 2024

TESSELATE has announced its partnership with MITech in order to optimise its Tegula Trade Finance-as-a-Service with CREDOC 5G’s features and solutions.

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Advertiser: ZoomInfo

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

How To