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.
Fall In Love With the Month-End Close
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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.
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.
Envestnet invests in data, API solutions
BankInovation
MAY 8, 2024
Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase subscription-based revenue and create new products.
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.
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.
5 Ways You Can Win Faster with Gen AI in Sales
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.
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.
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.
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.
The Role of Automation in Commercial Lending
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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.
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.
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!
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.
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!
10 Ways to Leverage Buyer Signals and Drive Revenue
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.
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 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.
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.
Outsource With Confidence for RDC Program Success
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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.
Nomo chooses Snowdrop to enhance digital banking user experience
The Paypers
MAY 8, 2024
UK-based Sharia-compliant digital bank Nomo has partnered with Snowdrop Solutions to augment the digital Islamic banking experience for its users.
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.
Checkout.com launches Flow
The Paypers
MAY 8, 2024
Global digital payments provider Checkout.com has announced the launch of Flow, aiming to boost conversion and optimise customer checkout experience.
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.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
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.
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