Tue.Jul 02, 2024

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New York BNPL bill is dead, for now

Payments Dive

Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

New York 195
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Perficient Recognized as a Major Player in IDC MarketScape for Cloud Professional Services

Perficient

Navigating the complexities of cloud technology requires an exceptional partner. We are thrilled to announce that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment (Doc #US51406224, June 2024). What Does This Inclusion Mean for Perficient? “We’re honored to be recognized as a Major Player in this IDC MarketScape Report, a distinction we believe highlights our holistic approach to cloud strategy and our implementation exp

Strategy 251
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Payments industry to use AI to detect fraud, improve efficiency

Payments Dive

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud 447
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Sajid Javid to become partner at investment firm Centricus

TheGuardian

Former chancellor cleared for role by body examining propriety of ministers taking jobs in private sector Sajid Javid, the former Conservative chancellor of the exchequer, is to become a partner at a London investment firm founded by a trio of his former colleagues at Deutsche Bank. The former banker, who held seven ministerial positions in a 15-year political career, confirmed on Tuesday that he was joining Centricus, a private equity and asset manager based in Mayfair.

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Fall In Love With the Month-End Close

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.

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UniCredit Bank’s Schulze to speak at Bank Automation Summit Europe 2024

BankInovation

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

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Inside Look: U.S. Bank’s SMB fintech strategy

BankInovation

U.S. Bank is looking to fintechs to provide back-office management for its small-business clients.

Fintech 79
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'Tech apprehension,' other hurdles that keep small banks from innovating

American Banker

During a panel discussion at American Banker's Digital Banking conference last week, experts from American Commerce Bank discussed the launch of its virtual banking platform and theorized why other executives might be slow adopters.

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Podcast: Mastercard taps into AI to structure open banking data

BankInovation

Mastercard is using AI to help structure the data it collects for its more than 3,000 bank clients in the United States and Europe.

Data 79
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FICO analysis of UK credit card trends in 2023-24

The Paypers

Analytics software company FICO has highlighted the impact of rising fuel costs, inflation, and wage pressures on credit card usage and debt management in 2023-2024.

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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.

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Scalia: 'Regulators are wise to be more careful' after Chevron ruling

American Banker

Euene Scalia, former Secretary of Labor and the banking lobby's lawyer on retainer for a potential challenge to Washington's capital reform effort, discusses the state of administrative law after the overturning of a key legal precedent.

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Lighthouse vs Tugboat Appraisers

Realwired Appraisal Management Blog

A lighthouse appraiser adopts an attitude of optimism, curiosity and coachability that enhances individual performance and the collective standards of the valuation profession. A tugboat appraiser is one of complacency that stifles innovation, hinders progress and erodes competitive edge. This leads to stagnation and decline within our industry.

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Margin pressure, potential loans losses on radar for small bank earnings

American Banker

With the Federal Reserve holding interest rates at elevated levels through the first half of the year, analysts are sharpening their collective focus on possible fallout from high deposit and borrowing costs.

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Revolut reports record profits as it hints at plans for IPO

TheGuardian

London-based fintech company has been waiting more than three years for its UK licence to be approved Business live – latest updates Revolut has reported record annual profits and further hinted at plans for a stock market flotation, despite still struggling to secure a UK banking licence. The London-based fintech company, which has been waiting more than three years for its UK licence to be approved, swung to a £438m profit in 2023, having made a £25m loss a year earlier.

Report 58
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The Role of Automation in Commercial Lending

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.

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The FDIC's resolution plan for failed megabanks is an empty promise

American Banker

The Federal Deposit Insurance Corp.'s framework for resolving a large bank failure is inadequate and leaves the door open to future taxpayer-subsidized bailouts.

FDIC 60
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Hard Money Construction Loans - Fast Funding for Contractors

Commercial Lending USA

Get bids and avoid delays. Builders get hard money construction loans. Quicker finances and flexible conditions maximize your project. Commercial Lending USA.

Lending 52
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'Anti-woke' bank hit with FDIC consent order as losses mount

American Banker

Old Glory Bank, which has ties to conservative political figures and touts itself as "pro-America," needs to raise more capital to meet its regulator's requirements. "Failure is not an option. We're going to figure this out," the bank's president and CEO said.

FDIC 58
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EPI launches wero in Germany

The Paypers

The European Payments Initiative (EPI) has announced the launch of its wero payment solution in Germany.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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Banking law is about to get weird

American Banker

The excision of the Chevron doctrine from administrative law is the crest of a wave of litigative enthusiasm that has been building in the banking industry for years. But defanging the administrative state could also establish binding legal precedents that can cut both ways.

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Currensea raises over GBP 1.7 million on Seedrs

The Paypers

UK-based direct debit travel card Currensea has announced that it secured over GBP 1.7 million after launching its services on the Seedrs platform.

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All Types Of Trucks & Their Classifications

Commercial Lending USA

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!

Lending 40
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Qualpay and Aevi augment in-person payment solutions

The Paypers

Paytech Qualpay has partnered with payment orchestration provider Aevi to give customers access to unified payment capabilities and drive growth.

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Outsource With Confidence for RDC Program Success

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.

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Multifamily-addled Texas bank lands $228 million capital infusion

American Banker

First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.

Texas 36
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Cardstream partners with Mastercard

The Paypers

Cardstream has partnered with Mastercard to introduce the new Click to Pay service to its global customer base.

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Corporate lenders are locking down protection against tough times from high rates

American Banker

The push for assurances on collateral is coming despite fierce competition for deals, and indicates borrowers face limits on their ability to change the standing of existing creditors to get the financing they need.

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Noda expands its Open Banking network to Brazil

The Paypers

UK-based Open Banking payment provider Noda has expanded its Open Banking network to Brazil to unlock new opportunities for merchants.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.