Los Angeles burns as banks step up to fuel aid efforts
American Banker
JANUARY 13, 2025
Bankers are putting pre-established action plans for disaster recovery into motion as wildfires in Los Angeles sweep across the region.
Mon.Jan 13, 2025
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Payments laws apply to online games, CFPB says
Payments Dive
JANUARY 13, 2025
Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.
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For investment banks, a 'wait and see' attitude on AI is untenable
American Banker
JANUARY 13, 2025
Leaders in investment bankingshare a common belief that the sector is standing on the precipice of huge, technology-enabled change.
X plans payment integration with X Money in 2025
The Paypers
JANUARY 13, 2025
Social media company X has outlined its ambition to evolve into an all-encompassing platform with the launch of the X Money payment feature scheduled for 2025.
Fall In Love With the Month-End Close
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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.
Regions Bank deploys tech to take advantage of open banking
American Banker
JANUARY 13, 2025
Through a partnership with Axway, the bank aims to provide API-based data sharing and develop new products that leverage open banking.
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Multicast fairness in high frequency trading environments
Cisco
JANUARY 13, 2025
High Frequency Trading (HFT) customers demand real-time and fast connectivity to the exchange. Learn how to achieve multicast fairness with Nexus 3550-T and NX-OS for timely delivery of data and access to the exchange.
Payface allows shoppers in Brazil to use biometrics to pay
The Paypers
JANUARY 13, 2025
Startup Payface has partnered with Brazilian fashion retailer Nalin to enable customers who posses a Lojas Nalin card to use face biometrics to make their purchases.
Chicago mutual banks call off merger
American Banker
JANUARY 13, 2025
Mutual Federal Bancorp nixed its planned acquisition of Pulaski Savings Bank. It did not disclose a reason for the deal termination.
TrueLayer partners with BR-DGE to integrate Pay by Bank
The Paypers
JANUARY 13, 2025
TrueLayer , a European Open Banking payments network, has partnered with payments orchestration platform BR-DGE to bring Pay by Bank to enterprise businesses across the globe.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
New York, California gear up to scrutinize bank cybersecurity
American Banker
JANUARY 13, 2025
Amendments to New York's cyber rules and a focus on privacy in California mean banks must enhance risk controls, encryption and customer protections.
Standard Chartered opens new entity in Luxembourg
The Paypers
JANUARY 13, 2025
UK-based banking group Standard Chartered has announced that it created an entity in Luxembourg, in turn allowing it to become a regulatory gateway to the EU for crypto and digital asset custody services.
SouthState signs $475M sale-leaseback deal after acquisition
American Banker
JANUARY 13, 2025
The Florida bank is jumping on the strategy for general corporate purposes and a potential sale of its underwater bond portfolio.
First American Bank partners with InvestCloud
The Paypers
JANUARY 13, 2025
First American Bank (FAB) has partnered with InvestCloud to modernise its digital wealth management platform.
The Role of Automation in Commercial Lending
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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.
Most BNPL loans made to subprime borrowers: CFPB
American Banker
JANUARY 13, 2025
The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the offering is riskier to lenders than previously assumed.
Moneyhub launches an API recipe to help users with financial goals
The Paypers
JANUARY 13, 2025
Moneyhub has launched the Saving Goals Recipe, an API designed to help customers visualise and achieve their financial goals.
Los Angeles braces for more firestorms as death toll hits 24
American Banker
JANUARY 13, 2025
High winds continue to impede firefighters' progress in the Pacific Palisades and Eaton fires.
Al Ansari Financial Services partners with Abhi
The Paypers
JANUARY 13, 2025
Al Ansari Financial Services has announced its partnership with Abhi Middle East Limited in order to broaden the spectrum of financial solutions available to customers.
Outsource With Confidence for RDC Program Success
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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.
Truist's COO, who oversaw strategy revamp, to retire
American Banker
JANUARY 13, 2025
Beau Cummins, a longtime Truist executive, stepped into the chief operating officer role in 2023 to help reposition it after years of lagging performance. The bank says he won't be replaced.
Skyee receives MPI licence to cater to its Singapore-based customers
The Paypers
JANUARY 13, 2025
The Monetary Authority of Singapore (MAS) has granted Skyee an In-Principle Approval (IPA) for the Major Payment Institution (MPI) licence.
CFPB proposes rule limiting legal disclaimers
American Banker
JANUARY 13, 2025
The Consumer Financial Protection Bureau issued a proposed rule that would protect companies from abusive contract provisions modeled on the Federal Trade Commission's credit practices rule.
Lemonway launches Online Onboarding solution for marketplaces
The Paypers
JANUARY 13, 2025
Lemonway, a payment institution, has introduced Online Onboarding a solution aimed at simplifying the merchant onboarding experience for marketplaces.
Is Your Current Card Platform Holding You Back?
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
Biden's new AI export rule sparks backlash from Nvidia, Oracle
American Banker
JANUARY 13, 2025
A new AI regulation framework limits U.S. chip and software exports. Bank vendors are among the tech giants that say it's poorly timed and threatens innovation.
CFPB seeks public input on privacy protections in digital payments
The Paypers
JANUARY 13, 2025
The Consumer Financial Protection Bureau (CFPB) has announced plans to gather public feedback on enhancing privacy protections in digital payment systems.
Axos Financial: how the US bank became one of Trump’s biggest backers
TheGuardian
JANUARY 13, 2025
The online lender has thrived as it helped extend $400m in loans with its biggest individual investor, Don Hankey As the dust started to settle after the deadly 6 January Capitol attack in 2021, Donald Trump found himself losing corporate allies. Shocked by the rampage that followed efforts to overturn the US presidential election, companies at home and abroad were suspending political donations and reviewing their ties with the outgoing leader.
Mashreq Bank completes USD 385 million stake sale in NeoPay
The Paypers
JANUARY 13, 2025
UAE-based Mashreq Bank has announced the conclusion of the sale of a majority stake in NeoPay , its digital payments platform, for USD 385 million.
It Takes Two to Tango
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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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