NMI acquires Sphere division
Payments Dive
OCTOBER 12, 2023
The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.
Thu.Oct 12, 2023
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Customer Game Theory – Picking Halloween Candy and Loans
South State Correspondent
OCTOBER 12, 2023
Many parents have dealt with the issue of how to divide Halloween candy among siblings. It takes work. If all houses gave out the same candy, it wouldn’t be a problem. But houses give out different sweets. Further, trick-or-treaters have different preferences. Whatever the case, candy, and preferences are not all the same. As a result, candy is distributed unevenly, forcing parents concerned with equality to employ some game theory.
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Fiserv buys Brazil’s Skytef
Payments Dive
OCTOBER 12, 2023
With the purchase, the payment processor said it adds about 600 independent software vendor partners and about 27,000 merchants in Brazil.
New Jersey Appellate Division Affirms Dismissal of Consumer Fraud Class Action Against Debt Collector under the New Jersey Consumer Fraud Act
CFPB Monitor
OCTOBER 12, 2023
The Superior Court of New Jersey, Appellate Division in Jennifer Woo-Padva v. Midland Funding, LLC , recently affirmed the dismissal of consumer fraud claims brought against a debt collector pursuant to the New Jersey Consumer Finance Licensing Act (CFLA), holding that a debt purchaser is not liable under the New Jersey Consumer Fraud Act (NJCFA) for failing to obtain a state license under the CFLA.
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.
Check use persists in B2B, despite digital acceptance
Payments Dive
OCTOBER 12, 2023
Although roughly 99% of vendors surveyed accept ACH payment, the share of payments made via check was neck-and-neck with that for ACH this year, according to a MineralTree report.
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Unlocking Your Financial Potential with Self Storage Financing
Commercial Lending USA
OCTOBER 12, 2023
That's where self storage financing comes in. In this blog, we'll explore self storage financing. It can help you take advantage of opportunities in this thriving sector.
Mastercard demonstrates CBDC interoperability for Web3 commerce
The Paypers
OCTOBER 12, 2023
Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.
Can Travis Kelce help Experian sell its new checking account?
American Banker
OCTOBER 12, 2023
The credit bureau is embedding its Experian Boost feature in the new account, which aims to help people strengthen their credit profiles through on-time bill payments.
This week’s podcast episode: A look at the impact of new developments in payment systems on low-income consumers
CFPB Monitor
OCTOBER 12, 2023
Our special guest is Mark Budnitz, Professor Emeritus, Georgia State University College of Law. In an article recently published in the Georgetown Journal on Poverty Law & Policy, Prof. Budnitz explores the impact on low-income consumers of the increasing use of digital technology for consumer payments. Prof. Budnitz first explains why, in his view, the current laws governing digital financial services, particularly the Electronic Funds Transfer Act and Reg.
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.
Banks are at a 'tipping point' amid broad shift to nonbanks: McKinsey
American Banker
OCTOBER 12, 2023
The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.
Apple Wallet shows balances and transactions for US Discover credit cards
The Paypers
OCTOBER 12, 2023
Apple Wallet ’s new integration has enabled it to show the card’s details and transaction history for Discover US credit card customers.
CFPB, DOJ warn lenders against denying credit to immigrants
American Banker
OCTOBER 12, 2023
The Consumer Financial Protection Bureau and the Justice Department warned banks and other lenders that credit applicants cannot be rejected due to their immigration status.
Syndicated loan platform Versana expands with Citi, Citizens
BankInovation
OCTOBER 12, 2023
Citizens Bank plans to join syndicated loan platform Versana in the first half of 2024 to expand its credit reach.
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.
Banks in Europe get world's first ESG add-on to capital rules
American Banker
OCTOBER 12, 2023
The goal is to reflect the increasing threat to financial stability that regulators now see from ESG factors such as climate change and inequality.
Goldman strikes deal to sell GreenSky unit to Sixth Street Group
BankInovation
OCTOBER 12, 2023
Goldman Sachs Group Inc. agreed to sell its GreenSky unit to a consortium led by Sixth Street Partners. The deal, which is expected to close early next year, will result in a 19-cent-per-share hit to third-quarter earnings, according to a statement from the bank.
As house prices soar, Frost offers mortgages to lower-income Texans
American Banker
OCTOBER 12, 2023
The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.
Metro Bank’s rescue, digital plans
BankInovation
OCTOBER 12, 2023
Metro Bank is considering growth strategies and digital investment plans following a tumultuous month that nearly ended in a collapse similar to Silicon Valley Bank’s downfall in the spring. Last week, the London-based bank’s stock plummeted 30% and talks of a necessary capital raise and potential sale swirled.
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.
Wells Fargo expands access to its financial planning tool
The Paypers
OCTOBER 12, 2023
US-based bank Wells Fargo has expanded access to a financial planning tool to its nearly 70 million customers.
Long story short: Dutch judge finds DNB (Dutch AML-supervisor for crypto) did overstep its mandate in registration verifications and invalidates parts of AML law
Money and Payments
OCTOBER 12, 2023
Over the past five years, we have seen a debate unfold in the Netherlands where the Dutch central bank forced the Ministry of Finance to adopt rules that go beyond the AMLD5 directive. And finally, the judge brings clarity: regulators and supervisor overstepped their mandate. Registration or licensing of crypto players here in Netherlands? Where the AMLD5 directive says: you must register crypto companies with a check on management capability and UBO reputation, the Dutch central bank went way b
Giesecke Devrient launches its Compass Cash Center as a SaaS service
The Paypers
OCTOBER 12, 2023
Germany-based security technology company Giesecke+Devrient has offered its Compass Cash Center as a scalable SaaS solution from the cloud.
Archegos 'friendship' with Nomura ended in $3 billion loss
American Banker
OCTOBER 12, 2023
After Archegos' collapse, Nomura had lost almost $3 billion, one of the biggest losses in the history of the prime-broker industry that caters to investment funds.
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.
Mastercard partners with Bizom
The Paypers
OCTOBER 12, 2023
Mastercard has partnered with Bizom in order to provide micro retailers and distributors in India with optimised digital supply chain financing solutions.
FTX bribes, dating diary, false records: Ellison testimony
American Banker
OCTOBER 12, 2023
Caroline Ellison outlined for a New York jury how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multibillion dollar cryptocurrency empire — and their failed attempts to prevent a spectacular collapse.
Qatar Central Bank issues the Loan-Based Crowdfunding Regulation
The Paypers
OCTOBER 12, 2023
Qatar Central Bank has issued instructions for the Loan-Based Crowdfunding Regulation, for the purpose of licencing and regulating activities and services in Qatar.
Channeling Twisted Sister, more bankers are taking regulators to court
American Banker
OCTOBER 12, 2023
Unfair regulations must be challenged, and bankers are increasingly turning to lawsuits to do so, writes Ken Thomas, president of Community Development Fund Advisors.
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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