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 96

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

American Banker

JANUARY 19, 2024

Bank regulators Friday said the existing laws governing safety and soundness and fair lending are adequate to address risks posed by artificial intelligence, noting that while AI may be used to inform lending decisions, banks are ultimately responsible for compliance.

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Regulation Tools Compliance Lending 88

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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

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

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

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

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

Advertiser: ZoomInfo

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Analysis

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.

Detroit 72

Detroit Retail 72

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

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

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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.

Lending

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

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

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.

Lending 48

Lending US Technology Company 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.

Report 37

Report Payments Technology Company 37

Advertiser: ZoomInfo

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Capital

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

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

Industry 36

Industry Management 36

The Paypers

JANUARY 19, 2024

US-based fintech platform Kashable has closed a USD 25.6 million round to expand financial wellness solution for employees.

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Security Fintech US 45

American Banker

JANUARY 19, 2024

Three-fourths of Gorman's bonus will be paid in deferred stock over three years, the New York-based firm said in a regulatory filing.

New York 36

New York Management 36

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Operations

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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45

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

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

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.

System 36

System Compliance Regulation 36

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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