Mastercard refocuses on tech in int’l markets
Payments Dive
AUGUST 1, 2024
The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.
Thu.Aug 01, 2024
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Is there a future for community banks?
American Banker
AUGUST 1, 2024
Despite the continuing trends of consolidation and limited startup activity, bankers and industry insiders say there is a path forward. But small lenders must evolve with changing technology.
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Stripe, Fifth Third Bank to team on embedded services
Payments Dive
AUGUST 1, 2024
The global digital payments company will team with the bank to offer embedded finance services to its clients.
How banks' "hidden" AI could cause problems
American Banker
AUGUST 1, 2024
Financial institutions have trouble pinning down a common definition of AI and figuring out which of their processes incorporate the technology. That can lead to trouble with regulators.
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.
Payments roundup: Mastercard, Visa deploy AI to fight fraud
BankInovation
AUGUST 1, 2024
Payments behemoths continued investing in technology to control costs and streamline operations in the second quarter. Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations.
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Barclays boosts cloud strategy
BankInovation
AUGUST 1, 2024
Barclays focused on the simplification of its operations and organization during the first half of 2024 as it leaned into its cloud strategy and upgraded legacy systems. The London-based bank plans to increase its workload on the cloud to 85% to 90% from 75%, according to today’s earnings presentation.
Bank stock rebound fuels M&A optimism
American Banker
AUGUST 1, 2024
The KBW Nasdaq Bank Index was up 18% year to date through July, supporting expectations for more banks to use their shares as currency to take out competitors.
Defending Against Jackpotting Threats: A Comprehensive Guide
ATM Marketplace
AUGUST 1, 2024
As the digital landscape continues to evolve, so do the methods employed by criminals seeking illicit gains. In 2018, the U.S. Secret Service sounded the alarm on a burgeoning threat – jackpotting attacks.
Dorsey shakes up Block management to boost sales and innovation
American Banker
AUGUST 1, 2024
Afterpay co-founder Nick Molnar will lead a centralized sales structure, part of a larger organizational change as the firm battles firms like PayPal and Stripe to reach merchants.
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.
Nium develops its funding and collection features
The Paypers
AUGUST 1, 2024
US-based payments provider Nium has announced the extension of its local funding and collection features to over 40 countries and 15 currencies.
ANZ acquires Suncorp's banking arm
The Paypers
AUGUST 1, 2024
Australia-based lender ANZ has announced the successful acquisition of Suncorp ’s banking business, two years after first declaring its plans.
Trucking loans have caused bank losses. The worst may be over.
American Banker
AUGUST 1, 2024
After a bloodbath that wiped out several trucking companies, a new U.S. Bank report on the industry signals its fortunes may be turning. The rebound, if sustained, may end the bleeding in bank loans to the sector.
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.
Visa launches SME online toolkit in Vietnam
The Paypers
AUGUST 1, 2024
Multinational payment card services corporation Visa has announced that it introduced an online toolkit meant to support merchants in Vietnam to fully benefit from its digital payment solutions.
Poor testing allowed CrowdStrike error to crash millions of computers
American Banker
AUGUST 1, 2024
The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.
Leanpay bags in EUR 10 mln Series B funding
The Paypers
AUGUST 1, 2024
Slovenia-based BNPL and POS lending platform Leanpay has raised EUR 10 million in Series B funding led by BlackPeak and Catalyst Romania.
FDIC leadership failed to implement harassment prevention measures: OIG
American Banker
AUGUST 1, 2024
A report by the FDIC Office of the Inspector General found the agency failed to sustain corrective actions, leading to a persistent environment of sexual harassment, distrust of management and fear of retaliation.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
Monzo upgrades US Savings Jars with interest
The Paypers
AUGUST 1, 2024
UK-based Mobile banking app Monzo has launched interest on Savings Jars to enhance the savings of US customers.
Wells Fargo sued over drug costs in employee health plan
American Banker
AUGUST 1, 2024
Former employees' Minnesota lawsuit accuses the bank of overpaying for prescription drugs, claiming mismanagement of the bank's health plan drove up costs for workers.
Section 1033 to be released in 2024
The Paypers
AUGUST 1, 2024
The US Open Banking rule, referred to as Section 1033, has been anticipated to be released later in 2024.
Mortgage rates sink as FOMC gives hope it will act soon
American Banker
AUGUST 1, 2024
The 30-year fixed rate mortgage was at its lowest level since early February as the benchmark 10-year Treasury dropped under 4%.
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.
MoneyLion joins American Fintech Council
The Paypers
AUGUST 1, 2024
US-based digital financial platform MoneyLion has joined the the American Fintech Council (AFC) to promote financial inclusivity and innovation.
Buffett cuts BofA stake, unloading $3 billion this month
American Banker
AUGUST 1, 2024
Berkshire still holds almost 962 million shares, the filing shows — worth $39.5 billion at Monday's closing price.
Opn partners with BigPay
The Paypers
AUGUST 1, 2024
Financial solutions company Opn has announced its strategic partnership with BigPay in order to accelerate its expansion strategy in the region of Thailand.
Five Key Imperatives to Maximize Your Marketing ROI, According to Visa
The Financial Brand
AUGUST 1, 2024
This article Five Key Imperatives to Maximize Your Marketing ROI, According to Visa appeared first on The Financial Brand. It's not just about the data and the tech. Success depends on clear roles, rigorous measurement and efficient processes. This article Five Key Imperatives to Maximize Your Marketing ROI, According to Visa appeared first on The Financial Brand.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
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.
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