Payments Dive

JANUARY 19, 2024

The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.

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Cards 243

CFPB Monitor

JANUARY 19, 2024

The Federal Housing Finance Agency (FHFA) recently published another FHFA Insights blog post addressing the underutilization of appraisal time adjustments by appraisers that is a companion to an FHFA Insights blog post that we reported on previously. In the recent blog post, the FHFA presents the question “Is the racial disparity in underappraisal, or some portion of it, due to racial disparities in the practice of time adjustment?”.

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Report 78

Payments Dive

JANUARY 19, 2024

The card network has grown its roster of partners in an effort to streamline transactions between businesses.

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Payments Cards 243

ATM Marketplace

JANUARY 19, 2024

A panel of experts shared core trends and rules for success for self-service automation at the Self-Service Innovation Summit in Miami, Florida.

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Miami Florida Trends Innovation 95

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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.

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BankInovation

JANUARY 19, 2024

Fifth Third Bank expects to increase noninterest expenses slightly in 2024 as technology investment ticks up at the bank. Noninterest expenses in the fourth quarter fell 7% year over year to $1.

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Technology Retail 79

BankInovation

JANUARY 19, 2024

Huntington Bancshares Chief Technology and Operations Officer Paul Heller is set to retire March 1. Heller has built the technology operations throughout the $187 billion, Columbus, Ohio-based bank since 2012, according to a Jan. 10 bank release. As Heller retires, the bank’s executive team is getting an overhaul.

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Columbus Ohio Operations Technology 77

American Banker

JANUARY 19, 2024

The Alabama bank's executives said commercial borrowers remain cautious amid high rates and economic uncertainty. During the fourth quarter, flat lending and higher deposit costs weighed down the company's net interest income.

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Alabama Regional Lending Company 81

BankInovation

JANUARY 19, 2024

Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an undisclosed price.

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Detroit Retail 72

American Banker

JANUARY 19, 2024

The new service will allow financial institutions to streamline the process for moving accounts and verifying income.

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Technology Fintech 78

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The Paypers

JANUARY 19, 2024

Tesla has announced its partnership with US-based lending technology company Origence in order to provide credit union financing to electric vehicle buyers.

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Lending US Technology Company 48

American Banker

JANUARY 19, 2024

Investors drove up the stock prices of both companies after Ally Financial said it's selling its point-of-sale lending business to Synchrony Financial. The deal is expected to help Ally focus on its bread-and-butter auto lending business, while also aiding Synchrony's efforts to gain market share.

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Lending Marketing Company 57

The Paypers

JANUARY 19, 2024

Revolut Pay has announced its partnership with Ireland-based flag carrier Aer Lingus in order to provide clients with an optimised checkout experience.

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American Banker

JANUARY 19, 2024

Citizens Bank of Edmond's Jill Castilla is reappointed to Fed Advisory Council; Old National injects $1.2 billion into its existing community benefits program; former Ernst & Young CEO Mark Weinberger joins JPMorgan's board; and more in our weekly banking news roundup.

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Community National Industry 48

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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.

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The Paypers

JANUARY 19, 2024

A report published by Chainalysis has shown that in 2023, illicit cryptocurrency wallet addresses received at least USD 24.2 billion worth of crypto.

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cryptocurrency Report 48

American Banker

JANUARY 19, 2024

The expansion program, entering its sixth year, gives the Cincinnati-based company a regional profile few of its competitors can match, CEO Tim Spence said on a conference call with analysts.

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Conference Regional Company 41

The Paypers

JANUARY 19, 2024

India-based ecommerce platform BuyEazzy has announced the raise of USD 4.25 million in a Series A funding round to accelerate its expansion strategy.

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Strategy 45

American Banker

JANUARY 19, 2024

The Federal Reserve and New York State Department of Financial Services fined the Industrial and Commercial Bank of China for violations related to a lack of internal controls for confidential supervisory information and anti-money laundering compliance failures.

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New York Compliance Industry Regulation 41

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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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The Paypers

JANUARY 19, 2024

VOXI by Vodafone has expanded its collaboration with Moneyhub to provide customers with 12 months of free access to its financial wellness app.

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American Banker

JANUARY 19, 2024

The Columbus, Ohio-based bank expects to hike expenses by about 4.5% this year as it ramps up investments in geographic areas and specialty banking verticals where it sees growth opportunities.

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Columbus Ohio Marketing Strategy 36

The Paypers

JANUARY 19, 2024

Unified commerce and logistics solutions provider Cart.com has announced the rise of a USD 70 million debt facility in order to accelerate its development process.

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Security 41

American Banker

JANUARY 19, 2024

Past crises have created opportunities for criminal organizations to inject their funds into the legitimate banking system. Bankers can't allow that to happen again.

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System Compliance Regulation 36

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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.

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The Paypers

JANUARY 19, 2024

UAE-based Bitunix , a crypto derivatives exchange provider, has announced a partnership with crypto payment service Moonpay.

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Payments 48

American Banker

JANUARY 19, 2024

Companies like NCR Voyix, Salesforce and Sainsbury's are keen to deploy technology that used to be science fiction — such as scanning a shopper's eyes to access their accounts, or using AI to streamline checkout.

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Report Payments Technology Company 37

The Paypers

JANUARY 19, 2024

Mastercard has launched a medical claim payment solution based on virtual card technology for healthcare and insurance providers in India.

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Cards Technology Payments 45

American Banker

JANUARY 19, 2024

Industry recruiters see the changes as intended to make client assets and advisory teams "stickier" and to retain executive talent.

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Industry Management 36

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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.

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