Tue.Jul 02, 2024

article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

More Trending

article thumbnail

Self service banking: 3 tools that improve the customer experience

ATM Marketplace

Here are three of the best self-service banking tools that can improve the bank experience.

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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
article thumbnail

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.

article thumbnail

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 54
article thumbnail

'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
article thumbnail

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.

article thumbnail

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
article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

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.

article thumbnail

Klarna partners with Adobe Commerce

The Paypers

AI-powered global payments network and shopping assistant Klarna has entered a collaboration with Adobe Commerce to allow merchants to implement its BNPL services.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Peer-to-peer wallet apps remain sticky despite fraud and scams

American Banker

Consumers tend to use the P2P apps their friends and family members prefer, and most are unlikely to switch platforms in the next year, according to a new study from J.D. Power.

Fraud 36
article thumbnail

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.

article thumbnail

Key Players In the EU Payments Landscape – 2024 Edition

The Paypers

The 2024 “Key Players in the EU Payments Landscape” report by The Payments Association EU ( PA EU ), written in collaboration with Deloitte and The Paypers offers an exclusive strategic review across EU’s individual payments markets.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Supreme Court rulings will change the regulatory landscape — to a degree

American Banker

A pair of rulings upended the deference afforded to agency interpretations of the law and extended the statute of limitations to bring regulatory challenges. But experts say the impact on banking regulation will likely be limited.

article thumbnail

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.