Thu.Nov 02, 2023

article thumbnail

Connecting the Fintech Ecosystem: Thoughts from Jack Henry Connect

William Mills

Jack Henry Connect was bigger than ever this year. About 2,750 bankers (representing 880 banks and credit unions) joined 250 fintechs in Indianapolis to collaborate and exchange ideas.

article thumbnail

Treasury Prime creates instant payment rail

Payments Dive

The new payment rail allows fintech clients to move money between banks in milliseconds, the software company’s CEO said in an interview.

Payments 437
Insiders

Sign Up for our Newsletter

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

article thumbnail

Benefits of a Multilingual Digital Banking System

Jack Henry

The benefits of a multilingual digital banking system go far beyond expanding a Financial Institution’s customer base. Click to learn more.

article thumbnail

PayPal’s new CEO promises improvements

Payments Dive

Alex Chriss, who took the top post in September, tapped a new chief financial officer Wednesday and pledged to better focus the digital payment company's strategy.

Strategy 389
article thumbnail

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.

article thumbnail

The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. Every year, digitization further rattles the relevancy of the traditional hierarchical banking organization. In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities.

More Trending

article thumbnail

JPMorgan Chase discloses multiple investigations by U.S. regulators

American Banker

Regulators are looking into practices within JPMorgan's securities arm and investigating parts of its trading operations, according to a regulatory filing by America's largest bank.

article thumbnail

Klarna transfers 500 jobs in cost-cutting move

Payments Dive

The buy now, pay later provider is cutting about 500 positions across 10 markets and outsourcing those roles to two partners, a company spokesperson said.

Marketing 243
article thumbnail

California Court Denies DFPI’s Motion for Preliminary Injunction Against OppFi

CFPB Monitor

On November 30, 2023 at 12:30 PM, ET, Ballard Spahr will hold a webinar entitled “Recent Important Developments in Federal Preemption for National and State Banks: What They Mean for Bank and Nonbank Consumer Financial Services Providers” during which this case will be dissected. In a lengthy (65-page) order , the California Superior Court in Los Angeles has issued an extremely important decision upholding the legitimacy of bank-model online lending by denying a motion for preliminary injunction

article thumbnail

PayPal promotes Archie Deskus to CTO

Payments Dive

The move expands the executive's oversight to include platform engineering teams, the company said Thursday.

Company 195
article thumbnail

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.

article thumbnail

Florida credit union buys insurance firm to boost noninterest income

American Banker

Achieva Credit Union, which previously bought two community banks, is furthering its growth through the acquisition of an insurance company.

Florida 85
article thumbnail

This week’s podcast episode: The U.S. Supreme Court’s decision in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau: Who will win and what does it mean?  Part II

CFPB Monitor

On October 3, 2023, the U.S. Supreme Court held oral argument in CFSA v. CFPB , a case with profound potential implications for the future of the CFPB. The Court will rule on whether the CFPB’s funding mechanism violates the U.S. Constitution’s Appropriations Clause and, if so, what the appropriate remedy should be. .

America 78
article thumbnail

How a Wyoming credit union is doing more lending despite lower demand

American Banker

Consumer appetites for new loans have slowed in the face of record interest rates, but Sunlight Federal Credit Union's partnership with Avana Capital helps identify commercial real estate opportunities in markets both local and national.

Wyoming 81
article thumbnail

Combatting Fraudsters with AI and ML

BankInovation

In recent years, community and regional banks have been under increasing obligation to discover and report money laundering and tamp down on fraud losses. And this trend shows no sign of slowing down.

Fraud 72
article thumbnail

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.

article thumbnail

Mint: A surprising lesson in security

American Banker

Intuit is shutting down one of the most popular personal financial management sites of its time — which attracted millions of users despite its counterintuitive approach to accessing consumer data.

article thumbnail

Podcast: Managing payments pressure

BankInovation

Payments fintechs are leaning on technology as consumers look to them to alleviate payments pressure in today’s high interest rate environment.

article thumbnail

Minnesota sues out-of-state tribe over loans with annual rates of 500%

American Banker

The lawsuit by state Attorney General Keith Ellison is the latest challenge to high-cost loans by tribal lenders. The lenders argue that tribal sovereignty gives them immunity from such lawsuits.

article thumbnail

Q3 earnings roundup: Tech spend jumps, headcount falls

BankInovation

Major U.S. banks invested in AI and automation while pulling back on headcount as cost reductions remained a priority during the third quarter. Bank of America, BNY Mellon, Citibank, Citizens Bank, Fifth Third, and JPMorgan Chase, all reported higher tech spend year over year. The $1.

America 65
article thumbnail

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.

article thumbnail

PayPal CEO: company's focus 'has not been clear'

American Banker

Alex Chriss, the new chief executive, says the firm aims to reverse its stock slump by assessing its business to favor its best-performing products.

Company 62
article thumbnail

Microsoft starts selling AI tool for Office | Musk wants X to replace the need for a bank | SEC subpoenas PayPal over stablecoin

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Microsoft starts selling AI tool for Office, which could generate $10 billion a year Musk wants X to replace the need for a bank SEC subpoenas PayPal over stablecoin Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTe

Tools 52
article thumbnail

PayPal receives SEC subpoena focused on stablecoin work

American Banker

The subpoena asks the company to produce documents tied to its work on the dollar-linked stablecoin PayPal USD. The company says in a regulatory filing that it's cooperating with the probe.

Company 58
article thumbnail

Why U.S. Bank Is Elbowing into the Competitive BNPL Space

The Financial Brand

This article Why U.S. Bank Is Elbowing into the Competitive BNPL Space appeared first on The Financial Brand. U.S. Bank sees potential for merchant-based buy now, pay later programs online, in person and when invoices arrive. Here’s its marketing strategy for Avvance. This article Why U.S. Bank Is Elbowing into the Competitive BNPL Space appeared first on The Financial Brand.

article thumbnail

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.

article thumbnail

Banks 'flying blind' without cumulative data on regulatory proposals

American Banker

Trade groups, analysts and some regulators want more data on how various regulatory changes and proposals would impact the banking sector in totality. But regulatory agencies have yet to take on such a project and private sector groups say the task is beyond their capabilities.

Data 56
article thumbnail

Unlock AI’s Often Overlooked Potential to Improve Your Core Processes

The Financial Brand

This article Unlock AI’s Often Overlooked Potential to Improve Your Core Processes appeared first on The Financial Brand. Q&A: Obsessed with sexy customer-facing AI, banks are ignoring internal uses that can deliver real-world results now, says Ron Shevlin. This article Unlock AI’s Often Overlooked Potential to Improve Your Core Processes appeared first on The Financial Brand.

article thumbnail

Financial firms are taking a hit due to lack of digital accessibility

American Banker

Investing in website accessibility isn't just the right thing to do. It also makes good business sense.

article thumbnail

Maximizing ATM Marketing Deepens Customer Relationships

The Financial Brand

This article Maximizing ATM Marketing Deepens Customer Relationships appeared first on The Financial Brand. Though banks and credit unions are all about improving the customer experience these days, one touchpoint that’s often overlooked is the ATM. This article Maximizing ATM Marketing Deepens Customer Relationships appeared first on The Financial Brand.

ATM 34
article thumbnail

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.