Mon.Aug 12, 2024

article thumbnail

How did CEO pay get so high in UK and can we do anything about it?

TheGuardian

Median pay for a FTSE 100 boss rose to £4.19m in 2023, 120 times that of the average full-time worker FTSE 100 chief executive pay reaches highest level on record The bosses of Britain’s blue-chip companies are raking it in, having seen their pay rise to the highest level on record last year, according to figures released by the High Pay Centre. The data shows that median pay for a FTSE 100 chief executive increased from £4.1m in 2022 to £4.19m in 2023.

Data 104
article thumbnail

Employers react to CFPB’s new stance on EWA

Payments Dive

Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.

Lending 221
Insiders

Sign Up for our Newsletter

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

article thumbnail

ICX Summit: Future of retail with Steven King

ATM Marketplace

Professor Steven King shares a preview of his upcoming keynote at the ICX Summit in Charlotte on the future of retail. ICX Summit will be hosted by Networld Media Group from September 9-11.

Retail 119
article thumbnail

North American Bancard rebrands in bid to improve

Payments Dive

The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

Cards 195
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

Transactions Dashboard: Digital banking leads way in 2024

BankInovation

Banks are modernizing and digitalizing their platforms and offerings as users demand more online and mobile banking experiences. According to Bank Automation News’ proprietary Transactions Dashboard, banks have consistently invested in digital banking solutions since the start of the year.

More Trending

article thumbnail

Ohio's Fortuna Bank, a women-owned de novo, prepares to open

American Banker

The proposed startup in Columbus, Ohio, would be the third U.S. bank specifically formed to be women-owned, according to its organizers. Supporters say it's another win toward obtaining gender-equitable capital access.

Ohio 83
article thumbnail

Scotiabank to buy 14.9% of KeyCorp for about $2.8B

BankInovation

Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the US regional banks hit hardest in last year’s tumult, for about $2.8 billion as part of a focus on North America. Scotiabank will acquire 14.9% of Cleveland-based KeyCorp by buying shares at $17.

article thumbnail

Why banks' youth pitch is getting younger

American Banker

Westpac, Capital One and JPMorgan Chase are offering savings accounts and debit cards to children below 10, using financial literacy to get an edge in building consumer relationships.

Capital 85
article thumbnail

Podcast: Boosting insight-driven digital engagement at FIs

BankInovation

The banking relationship has expanded outside of the walls of a branch and now the user experience is often formed through digital channels, including mobile apps.

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

Thailand launches regulatory sandbox to test crypto services

The Paypers

Thailand has announced its strategy of launching a new regulatory sandbox in order to securely and efficiently test crypto services and tools.

Tools 62
article thumbnail

Inside JPMorgan Chase's biometric payment journey

American Banker

The bank partnered with fintech PopID for biometric payments at fast-food retailer Whataburger, but widespread adoption from consumers and merchants could be an uphill battle.

article thumbnail

Yuno teams up with Nequi

The Paypers

Payment orchestration platform Yuno has entered into a partnership with Nequi to make the financial services industry more inclusive for individuals in Colombia.

article thumbnail

A brain drain at bank boards raises questions about risk management

American Banker

Congress publicly excoriated the supervisors and CEOs of last year's trifecta of megabank failures. But, what about the directors who were supposedly overseeing those CEOs? The entire chain of bank oversight needs to be rethought from congressional hearing rooms to banking board rooms.

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

TikTok, Pinterest team up with Amazon

The Paypers

US-based multinational technology company Amazon has entered into a collaboration with TikTok and Pinterest , allowing users to buy products directly from the social media apps.

article thumbnail

 Fintech secures jersey partnership with Minnesota Timberwolves

American Banker

Minneapolis-based buy now/pay later fintech Sezzle has partnered with the Minnesota Timberwolves of the National Basketball Association to have its brand represented on uniforms until 2027.

article thumbnail

Nium solidifies its presence in Latin America

The Paypers

US-based payment provider Nium has announced the expansion of its operations in Latin America, with the firm currently applying for licences, and joining fintech associations, among others.

America 41
article thumbnail

Two key lessons from the CrowdStrike outage

American Banker

Automatic updates and data encryption have their advantages. As many CrowdStrike customers learned on July 19, they also have disadvantages.

Data 41
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

Hong Kong to further optimise digital asset regulation

The Paypers

Hong Kong officials have announced their plans to further improve digital asset regulation in the region in the upcoming 18 months by developing a comprehensive regulatory framework.

article thumbnail

Sentencing of Kansas failed-bank CEO delayed

American Banker

A judge postponed by 11 days to Aug. 19 the scheduled sentencing date for Shan Hanes, the ex-CEO of Heartland Tri-State Bank who admitted to embezzling $47 million from the lender, leading to its downfall.

Kansas 31
article thumbnail

AEON Bank to launch supply chain finance

The Paypers

AEON Bank , a subsidiary of AEON Financial Service, has announced the launch of a new supply chain finance service in order to meet the financing needs of customers.

Meeting 41
article thumbnail

RBC's ex-CFO says she had a shot at CEO job before bank fired her

American Banker

Nadine Ahn was terminated on April 5 along with fellow exec Ken Mason after the bank received an anonymous tip that the two were romantically involved. Both deny it and are suing the bank for millions.

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

Tencent offloads stake in British challenger bank Tide

The Paypers

Chinese tech company Tencent has cashed in its stake in the British challenger bank Tide , as part of a retreat strategy from international investments and fundings.

article thumbnail

For Younger Consumers, Payments IS Banking. Why That’s Trouble for Traditional Institutions

The Financial Brand

This article For Younger Consumers, Payments IS Banking. Why That’s Trouble for Traditional Institutions appeared first on The Financial Brand. Digital payments are reshaping finance for good. Marqeta's 2024 report reveals consumer trends, from contactless adoption to P2P popularity. What's next? This article For Younger Consumers, Payments IS Banking.

article thumbnail

Telr partners with Mastercard

The Paypers

Telr has announced its partnership with Mastercard in order to introduce its digital checkout solution, Click to Pay, across its network of merchants in the UAE.

41
article thumbnail

The Key to Modernizing Payment Solutions for Small Businesses

The Financial Brand

This article The Key to Modernizing Payment Solutions for Small Businesses appeared first on The Financial Brand. Transcard's Jeff Horowitz on how third-party providers are helping financial institutions address the unique payment needs of small businesses. This article The Key to Modernizing Payment Solutions for Small Businesses appeared first on The Financial Brand.

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.