Fri.Apr 19, 2024

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Amex endures slow return of SMB demand

Payments Dive

Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year.

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Top banking digital signage trends to watch

ATM Marketplace

Omnichannel experiences are driving behaviors that motivate, inspire, and stir emotions that prompt action in bank branches. Digital signage has emerged as an essential component of these experiences.

Trends 120
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Amazon defends ‘Just Walk Out’ pullback

Payments Dive

The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.

Retail 221
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Credit Card Lingo Demystified!

BankBazaar

Confused by Credit Card jargon? Feeling lost in a sea of APRs, rewards points and interest charges? You’re not alone! This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Credit Cards – those handy rectangles that promise convenience, rewards and sometimes, a whole lot of confusion.

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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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Accounts receivable automator Versapay taps new CFO

Payments Dive

Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

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Fifth Third controlling costs with automation

BankInovation

Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation throughout its operations. “Expenses are well controlled … driven by savings realized through process automation and our focus on value streams,” Chief Executive Tim Spence said during the bank’s first-quarter earnings today.

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How a Tennessee credit union uses generative AI to foster fair lending

American Banker

Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.

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Banks report digital adoption growth in first quarter

BankInovation

Huntington Bancshares joined mega-banks in growing digital adoption during the first quarter, citing increases in digital and mobile usership and in digital logins. During the quarter, Bank of America, Citizens Financial Group, JPMorgan Chase and Wells Fargo all reported digital usership growth.

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Comerica says its AI bot performs work of six IT helpdesk agents

American Banker

The Dallas-based regional bank tapped a client for its copilot capabilities, where employees can message a bot instead of a human to get tech assistance.

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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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Finix launches automated Merchant Underwriting

The Paypers

US-based full-stack payment processor Finix has rolled out its Merchant Underwriting that automates underwriting workflows and streamlines merchant onboarding.

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Capital One and Discover walked away from talks before reaching a deal

American Banker

New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.

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Bluecode partners with Alipay+

The Paypers

Austria-based payment brand Bluecode has entered a strategic partnership with Alipay+ to enable its users to make payments at all of the latter’s supported stores across Europe.

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Allow private capital to provide liquidity to Ginnie Mae servicers

American Banker

Banks and other private lenders could help ease the liquidity crisis facing some companies that service Ginnie Mae mortgages, but are currently prevented from doing so by the agency's rules. A simple fix would benefit everyone involved.

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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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Revolut launches refinancing facility in Romania

The Paypers

UK-based fintech company Revolut has announced the launch of its refinancing facility in the region of Romania, as well as the solution’s overall global premiere.

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A love for data jump started the career of Citizens' chief experience officer: The Climb

American Banker

Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.

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Pliant secures EUR 18 mln Series A extension led by PayPal Ventures

The Paypers

Pliant has raised more than EUR 18 million in Series A extension financing led by PayPal Ventures to expand into the UK and other markets outside the EU.

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American Express' consumer spending thrives, but small business lags

American Banker

Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.

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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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Mastercard launches mobile virtual card application

The Paypers

Mastercard has announced the launch of its mobile virtual card application in order to simplify and make travel and business expenses more secure.

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Truist announces departures, First Horizon reveals succession plans

American Banker

Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.

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Cognizant joins forces with FICO

The Paypers

US-based professional services company Cognizant has entered a strategic collaboration with FICO in a bid to introduce a cloud-based payment fraud prevention solution.

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Fed: Inflation, policy uncertainty are top financial stability concerns

American Banker

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

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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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Backbase joins forces with EverBank

The Paypers

Netherlands-based Engagement Banking Platforms provider Backbase has entered a strategic partnership with EverBank to improve commercial and treasury solutions.

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Credit, check fraud costs weigh on Regions' earnings

American Banker

The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.

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F92 and Tandem Bank help spread financial literacy

The Paypers

UK-based charity Foundation 92 (F92) has partnered with Tandem Bank to deliver financial inclusion across UK’s Greater Manchester.

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Ohio banks say 'Howdy' to commercial loan opportunities in Texas

American Banker

At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.

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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.