US leads global commercial card market: report
Payments Dive
MAY 8, 2024
The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
Wed.May 08, 2024
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City of London watchdog is making a fair point on ‘naming and shaming’
TheGuardian
MAY 8, 2024
Disclosure of the identities of firms under investigation by FCA could be in the public interest The City’s lobbying battalion in full cry is something to behold. Witness the furious response from the banking and finance industry to a proposal from the Financial Conduct Authority (FCA) to name firms under investigations occasionally – specifically when it thinks the public interest would be served.
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Fintechs pitch banks with solutions to help consumers deal with debt
American Banker
MAY 8, 2024
Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.
Upstart automates 90% of unsecured loans in Q1
BankInovation
MAY 8, 2024
Online lender Upstart automated 90% of its unsecured loans in the first quarter of 2024 as automation remained at the forefront of efforts to streamline its loan application process. Upstart originated $1.
Back to Basics with Reconciliations
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Why this fintech isn't rushing retirees out the door
American Banker
MAY 8, 2024
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
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Bankers, investors look past shaky near-term conditions and see growth
American Banker
MAY 8, 2024
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
Transactions: CommerzBank, Global Payments enter joint venture for payments solutions
BankInovation
MAY 8, 2024
Global Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month.
Fed's Cook cites private credit, CRE and cyber as leading risks
American Banker
MAY 8, 2024
Federal Reserve Governor Lisa D. Cook highlighted concerns over private credit growth, commercial real estate distress and escalating cyber threats in remarks on financial stability at the Brookings Institution Wednesday.
New York Fed: CDFI loan volume doubled in recent years
ABA Community Banking
MAY 8, 2024
The dollar amount of loans originated by community development financial institutions has more than doubled in recent years, rising from $29 billion in 2018 to $67 billion in 2022, the Federal Reserve Bank of New York said in a new report. The post New York Fed: CDFI loan volume doubled in recent years appeared first on ABA Banking Journal.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
Two thefts decades apart, and a victim's quest for answers
American Banker
MAY 8, 2024
After a California woman spent more than a decade obtaining reparations for Nazi plundering of her family's belongings, the money disappeared from her bank account. Her saga highlights a gap in fraud cases between what consumers expect from their banks and what those banks are in a position to deliver.
Asia Pacific accounts for 52 percent of global paperless transactions
The Paypers
MAY 8, 2024
Euromonitor International has published its findings on Asia Pacific’s 52 percent of global paperless transactions, the highest paperless payment transaction value in 2023.
No, seriously. Your bank really isn't ready to implement AI.
American Banker
MAY 8, 2024
There is fundamental work involved in laying a modern data foundation and adopting a flexible, data-driven, cloud-based IT architecture suitable for AI implementation. Most banks aren't there yet.
PayNearMe partners with Trustly
The Paypers
MAY 8, 2024
US-based fintech company PayNearMe has announced its partnership with Trustly in order to optimise Open Banking technology and services.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
Commercial Bridge Loans Explained by Commercial Lending USA
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
Adyen partners with Cover Genius
The Paypers
MAY 8, 2024
Global financial technology platform Adyen has announced its partnership with Cover Genius in order to optimise payment experiences for end-customers.
Commercial and Residential Investment Loans
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
IDEX Biometrics partners with South Asian card manufacturer
The Paypers
MAY 8, 2024
IDEX Biometrics and a large smart card manufacturer in South Asia have partnered to deploy smart cards across Asia and globally.
It Takes Two to Tango
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
Commercial Residential Investment Loans
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
Sift expands the Fraud Industry Benchmarking Resource
The Paypers
MAY 8, 2024
Sift has announced the expansion of the Fraud Industry Benchmarking Resource with the inclusion of account takeover and two-factor authentication trend data.
Alanna McCargo to head San Francisco Home Loan bank
American Banker
MAY 8, 2024
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
Alipay+ enables QR payments for travellers to Nepal
The Paypers
MAY 8, 2024
Nepal Clearing House (NCHL) and Ant International have signed an memorandum of understanding (MoU) to enable QR payments via Alipay+ for travellers to Nepal.
The 2024 Lenders Guide to Automating the Complex Loan
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt
The Financial Brand
MAY 8, 2024
This article Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt appeared first on The Financial Brand. A new study shows Gen Z ramping up spending and debt, even while their understanding of credit is weak. This article Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt appeared first on The Financial Brand.
Crowded taps Visa Direct to enable global payments for nonprofits
The Paypers
MAY 8, 2024
Crowded has enabled international currency transfers for nonprofits through a partnership with Visa and Cross River.
How ‘Social-First’ Brands Drive Revenue, Not Just Awareness
The Financial Brand
MAY 8, 2024
This article How ‘Social-First’ Brands Drive Revenue, Not Just Awareness appeared first on The Financial Brand. To get more bang from their social media buck, banks need to shift from "messaging" to community engagement and collaboration. This article How ‘Social-First’ Brands Drive Revenue, Not Just Awareness appeared first on The Financial Brand.
Wipro collaborates with Microsoft
The Paypers
MAY 8, 2024
Wipro has announced that it is collaborating with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).
Confronting the Change Challenge
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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