Tue.Mar 12, 2024

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PayPal may axe straggler business units

Payments Dive

On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

Maine 221
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How Loan Term Drives Profitability

South State Correspondent

In a previous article ( HERE ), we discussed several factors that drive loan and bank profitability. We covered in detail how and why community banks can increase loan size to improve return on assets (ROA) /return on equity (ROE). In this article, we will consider how and why loan term is a significant driver of profitability for community banks and what community banks can do to improve performance.

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FDIC pushes regulators to address tokenization

Payments Dive

Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.

FDIC 221
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AI's next big step for banking is data processing: First Internet Bank CEO discusses

ATM Marketplace

First Internet Bank CEO David Becker believes that banks should take a "forward looking approach" with AI, especially in the area of data processing.

Data 123
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Back to Basics with Reconciliations

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.

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Hertz taps Stripe for digital payments

Payments Dive

The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.

Payments 243

More Trending

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Affirm CFO swears off auto lending, for now

Payments Dive

The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

Lending 221
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AI's next big step for banking is dating processing: First Internet Bank CEO discusses

ATM Marketplace

First Internet Bank CEO David Becker believes that banks should take a "forward looking approach" with AI, especially in the area of data processing.

Data 97
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When Data Speaks, Do You Listen? The Power of Data-Driven Storytelling in PR and Marketing

William Mills

In a time where information reigns supreme, the strategic use of proprietary data in PR and marketing is not just an advantage — it's essential. As data-driven storytelling has become a cornerstone for success, PR and marketing professionals must learn how to properly gather, analyze and derive this information to help create stronger messages, bring more credibility, and garner greater media attention for clients.

Data 92
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CFPB seeking OMB approval for new consumer complaint surveys

CFPB Monitor

The CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget for two new surveys intended to identify factors that influence a consumer’s decision to file a complaint with the CFPB. Comments must be received on or before May 6, 2024.

Survey 78
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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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The tech partnership helping credit unions finance Teslas

American Banker

Through its integration with the auto manufacturer, Origence and its indirect lending subsidiary FI Connect aim to match buyers in need of auto loans to eligible credit unions.

Lending 90
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Insurance Claim Contact Center Collaboration – Digital Customer Experience Then and Now

Cisco

Think of how much digital channels and the contact center have evolved.

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One year after SVB collapse, updates on the 5 bank failures of 2023

American Banker

Silicon Valley Bank, Heartland Tri-State and Citizens Bank in Sac City, Iowa, were among bank failures in 2023. What's changed since?

Iowa 96
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First Financial Bank posts 27% increase in CDs using AI

BankInovation

First Financial Bank has grown its operations and attracted new customers through implementation of an AI-driven digital assistant. The $4.8 billion FFB teamed up with AI-driven tech provider Kasisto toward the end of 2022 to launch a digital assistant, according to a Feb. 22 case study by Kasisto.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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20 U.S. banks with the largest 1-day stock price drops after Q4 earnings

American Banker

The stock prices of five of these banks fell by more than 7% on the day they announced their fourth-quarter results, including two with double-digit decreases.

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Podcast: Digital bank grows account volumes by 420%

BankInovation

Fintel Connect helps Live Oak Bank increase its deposit volume. The digital, FDIC-insured bank looked to affiliate marketing platform Fintel Connect nearly two years ago to expand its reach, Fintel Connect Chief Executive Nicky Senyard tells Bank Automation News on this episode of “The Buzz” podcast.

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Virgin Money bosses in line for £6m if Nationwide takeover goes ahead

TheGuardian

Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through Banking bosses at Virgin Money are in line for a £6m windfall if Nationwide Building Society pushes ahead with a proposed takeover of the lender, with more than half of that sum to be pocketed by its longtime chief executive, David Duffy.

Data 75
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People over profit

Realwired Appraisal Management Blog

Last week a new DataComp Suite customer bought our software but then found out he couldn’t get out of his contract with a competing product. He missed the deadline to give notice. He signed our contract and we already ran his credit card. What should we do?

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It Takes Two to Tango

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.

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Inpay supports Tranglo's global expansion

The Paypers

Inpay has announced its plans to facilitate the European expansion of the global payment service provider (PSP) Tranglo by offering Instant SEPA across the region.

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In banks' battle against deepfake fraud, we need all hands on deck

American Banker

Banks must work closely with technology companies, regulatory authorities and each other to develop comprehensive strategies to combat deepfake fraud.

Fraud 77
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Banco do Brasil partners with Giesecke+Devrient

The Paypers

Banco do Brasil has partnered with Germany-based Giesecke+Devrient in a bid to make offline payments with digital money a reality in Brazil.

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Mastercard attacks subscription-pay chaos with open banking tools

American Banker

Powered by its data-aggregation arm Finicity, Mastercard is piloting a service giving consumers an analytical view of all the subscriptions they routinely pay via credit, debit or ACH with options to cancel, pause or resume them.

Tools 48
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The 2024 Lenders Guide to Automating the Complex Loan

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.

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Revolut's valuation declines amid licence delays

The Paypers

A significant devaluation of Revolut , one of the UK's prominent fintech companies, has been indicated by a major shareholder.

Fintech 69
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Flagstar paid $1 million bitcoin ransom in 2021, case filings show

American Banker

The attack is one of three major incidents the lender has suffered in the past three years.

Bitcoin 74
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PAPSS to leverage ThetaRay's AML solution

The Paypers

Israel-based AI-enabled AML provider ThetaRay has announced that the Pan-Africa Payment and Settlement System (PAPSS) selected it as its AML and screening partner.

System 45
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Gaming out regulators' next moves on Basel

American Banker

Regulators in the coming weeks or months will have to decide whether or how to finalize last year's Basel III endgame capital proposal, but there are risks — and rewards — to whichever path they choose.

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Confronting the Change Challenge

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.