Thu.Aug 15, 2024

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Winning Olympic Communication Strategies for Fintechs

William Mills

I've always been fascinated by the Olympics. While the incredible athletic feats are inspiring, the games are much more than that. The global event is a celebration of planning, fierce competition and storytelling. Every two years, we’re drawn into the personal stories of athletes, learning about their sacrifices, perseverance, and the support networks that helped them become the best in the world.

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JPMorgan, Zelle may have upper hand if litigation ensues

Payments Dive

If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.

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Trending Sources

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Environmental, Social and Governance (ESG) and Climate Risk Investing – You must be kidding me?!

Perficient

“As if there weren’t enough jargons and complex terms to remember for an investor, you are telling me I need to now know about ESG and Climate Risk – You must be kidding me!!” – These are the exact words (with a couple of expletives, that I cannot quote here) – a senior fund administrator from a large investment firm uttered when we were presenting about environment aware financial risk management.

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Klarna jumps into banking business

Payments Dive

The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.

Retail 259
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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ICX Summit: Brand leaders to share e-commerce excellence insight

ATM Marketplace

E-commerce leaders will discuss creating seamless customer experiences at the upcoming Interactive Customer Experience Summit being held in Charlotte, North Carolina next month.

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The Capital One-Discover merger will be good for your wallet

American Banker

The overall size of the combined entity is trivial compared to industry behemoths. It is evident the benefits to consumers from the Capital One-Discover merger dramatically exceed the speculated harms that caution against it.

Capital 93
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Senators ask Dimon to justify new checking account fees

Payments Dive

“JPMorgan Chase is the industry leader when it comes to usurious overdraft fees,” Sens. Elizabeth Warren, D-MA, and Chris Van Hollen, D-MD, wrote in a letter sent Friday.

Industry 195
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Texas comptroller adds NatWest to list of firms said to be ‘boycotting’ energy companies

TheGuardian

The bank is latest to be named by officials in the US state, which has law to protect oil and gas sector Business live – latest updates Texas officials have added NatWest Group to a growing list of financial firms considered to be taking part in a “boycott” of energy companies, in a move that could limit the UK bank’s business with the oil-rich US state.

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Where ATMs are finding relevance as cash fades

American Banker

NCR Atleos and Diebold Nixdorf are leveraging the rise of branchless financial institutions and putting pressure on traditional banks to maintain access to paper.

ATM 81
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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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The 7 Systems of Smarter Banks

Gonzobanker

This suite of systems can take banks from chaotic and fragmented operations to a smart, scaled future. A striking dynamic has occurred among regional and community banks over the past 10 years: their assets have grown much faster than their maturity. Amidst frenetic M&A activity and vibrant organic growth, the typical midsize bank has doubled or tripled its size from a decade ago.

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Bank groups challenge Illinois swipe fee law

American Banker

The American Bankers Association and the Illinois Bankers Association, among other groups, are challenging an Illinois law barring swipe fees for taxes and tips should be preempted by federal law.

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How Valley Bank taps AI to do more with less

BankInovation

Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank is using AI, machine learning and robotic process automation to limit “repetitive, manual tasks” for employees, Russell Barrett, senior executive vice president and chief operating officer, told Bank Automation News.

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Mortgage rates fall despite Fed's tough love approach

American Banker

Borrowing costs have fallen to their lowest level in more than a year as inflation metrics drop to 2021 levels, seemingly vindicating the Federal Reserve's decision to maintain their restrictive monetary policy.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Wells Fargo updates virtual assistant to monitor spending

BankInovation

Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual assistant, Fargo. Powered by Google Cloud, the digital assistant is now equipped with AI-driven insights to help bank clients better understand their spending habits and access actionable tips about their finances, according to the bank.

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Illinois lawyer gets 25-year sentence for scheme that toppled Chicago bank

American Banker

Robert M. Kowalski was convicted for his role in embezzling tens of millions of dollars from Washington Federal Bank for Savings, which led to the bank's failure in 2017.

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State-dependent effects of UK monetary policy

BankUnderground

Vania Esady Monetary policy actions transmit to inflation and real activity with ‘long and variable’ lags. However, it is not obvious how the effectiveness of monetary policy varies across economic states (for instance pace of economic growth). The academic literature suggests the possibility effects of monetary policy being state dependent. For example, Tenreyro and Thwaites (2016) find that the effects of monetary policy is weaker in recessions.

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What National Public Data's 2.7-billion-record breach means for banks

American Banker

The personal data collection company, which offers its database for background check and private investigation services, acknowledged the giant breach.

Data 54
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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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Column explores why credit unions are buying banks

ABA Community Banking

A new column in Axios by Felix Salmon probes why credit unions are buying banks at a record pace, and as a consequence, have possibly lost sight of their nonprofit missions. The post Column explores why credit unions are buying banks appeared first on ABA Banking Journal.

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Fade to black: In-store branches' steep decline continues unabated

American Banker

Currently sitting at 2,500, the in-store branch count appears fated to continue dropping, as customers opt for digital channels and banks shy away from models that emphasize overdraft.

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Magnetiq Bank joins the Fintech Latvia Association

The Paypers

Latvia-based Magnetiq Bank has signed a collaboration agreement with the Fintech Latvia Association (FLA).

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Warren Buffett inches further from banks

American Banker

Berkshire Hathaway trimmed positions in Capital One and Bank of America in the last several months, public filings show.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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RealPage and Flex partnership on rent payments

The Paypers

US-based provider of AI-enabled software platforms for real estate RealPage has selected Flex as its preferred technology provider for flexible rent payments.

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CFPB and New York challenge Acima, seek to redefine 'credit' in lease-to-own

American Banker

Acima offers lease-to-own plans on consumer items, but the Consumer Financial Protection Bureau and New York officials are calling those plans credit. The battles, playing out in separate courts, could trigger more expansive protections for customers.

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Ripple ordered to pay USD 125 mln in SEC lawsuit

The Paypers

A New York court has ordered Ripple to pay a USD 125 million fine in its ongoing legal dispute with the Securities and Exchange Commission ( SEC ).

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Schumer hopes to pass crypto bill by the end of the year

American Banker

Senate Majority Leader Chuck Schumer, D-N.Y., said the upper chamber could pass a bill laying out the regulatory framework for cryptocurrency this year, though few details were offered on how such a bill would cross the finish line.

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5 Ways You Can Win Faster with Gen AI in Sales

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.