Tue.Jul 30, 2024

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PayPal CEO leans on big-name clients for growth

Payments Dive

Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.

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Fortify Your Future: Invest in Resiliency and Protect Your Data

Jack Henry

With today’s accountholders expecting you to have the necessary precautions in place to minimize downtime and protect their data, data resiliency and recovery solutions are critical to your short- and long-term success.

Data 97
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Stripe buys software rival Lemon Squeezy

Payments Dive

The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.

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3 reasons why retail ATMs aren't going anywhere

ATM Marketplace

Retail ATMs will still be a staple in the years to come for a variety of key reasons related to customer preferences, security and more.

ATM 114
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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.

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HSBC shareholders to receive further $4.8bn as profits rise

TheGuardian

Outgoing CEO Noel Quinn will have paid $34.4bn to investors during final 18 months in post HSBC is giving a further $4.8bn to shareholders, providing a final parting gift from the outgoing chief executive, Noel Quinn, after a rise in second-quarter profit. The London-headquartered bank said it would buy back another $3bn (£2.3bn) worth of shares from investors, who will receive $1.8bn in fresh dividends.

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Labor vows to force banks to compensate Australians tricked out of money by scammers

TheGuardian

Assistant treasurer Stephen Jones to tell National Press Club that digital platforms must also be pushed to take more preventative action The federal government is promising to change the law to force banks to compensate Australian customers who are tricked into transferring money to scammers, accusing them of doing too little to prevent people from being duped out of more than $2bn every year.

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Fintech Funding: Startup funding jumps 11% YoY

BankInovation

Fintech funding saw a rebound in the second quarter as global funding increased to $8.9 billion, up 11% year over year. The U.S. saw the most fintech funding during the quarter at $4.8 billion across 324 deals, followed by Europe with $1.

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First Guaranty lays off 15% of workforce, cuts dividend in half

American Banker

The Hammond, Louisiana, company, which announced changes to its business strategy, cut 71 jobs and reduced its dividend to 8 cents per share.

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Daniele Tonella named ING CTO

BankInovation

Daniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van Stiphout. His appointment is effective Aug. 5. Tonella previously served at group chief information officer and chief executive of UniCredit Services and held roles at AXA Group, Evalueserve and Swiss Life, according to ING’s July 29 release.

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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

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The Home Loan banks are fulfilling the mission Congress gave them

American Banker

Changes to the regulatory regime surrounding the Federal Home Loan banks should be carefully calibrated so as to do no damage to their successful support for housing and the provision of liquidity to members.

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Bank of Valletta’s Wolska to speak at Bank Automation Summit Europe 2024

BankInovation

Bank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss AI, regulation, automation and data.

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DKB integrates the finAPI XS2A server

The Paypers

The Deutsche Kreditbank (DKB) has successfully integrated finAPI ’s PSD2-compliant XS2A interface, enabling seamless and faster collaborations with third-party providers.

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PayPal's earnings show early results for strategic pivot

American Banker

The payment company's earnings beat analyst expectations, and new products are starting to bring in customers.

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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.

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Flipkart launches unified payment interface 'Flipkart Pay'

The Paypers

India-based ecommerce company Flipkart has merged all its payment and fintech offerings under a single vertical - ‘Flipkart Pay’ - to enable seamless payments for customers.

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FedNow might be the answer to check fraud

American Banker

Instances of check fraud have ballooned in recent years, plaguing banks, and don't seem to be slowing down. Probably the best thing regulators can do to combat that fraud is to develop an equally inexpensive alternative that is more secure, and FedNow might be that service.

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Surecomp partners with Visa

The Paypers

Digital trade finance solutions provider Surecomp has announced its partnership with Visa in order to optimise trade finance and cross-border payments.

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Indiana's German American to enter Ohio with Heartland deal

American Banker

The $330 million transaction announced late Monday would give the Jasper-based company a foothold in fast-growing Columbus, as well as in Cincinnati.

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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.

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Airwallex offers direct debit through GoCardless

The Paypers

Global payments and financial platform Airwallex has selected GoCardless to provide direct debit to its customers across several markets.

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4 Strategies for Banks and Their Tech Partners that Save Money and Angst

The Financial Brand

This article 4 Strategies for Banks and Their Tech Partners that Save Money and Angst appeared first on The Financial Brand. The first step requires conducting an internal tech inventory. Financial institutions often find there's still value in existing tech assets. This article 4 Strategies for Banks and Their Tech Partners that Save Money and Angst appeared first on The Financial Brand.

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Cartona secures USD 8.1 million in Series A extension fundraise

The Paypers

Egypt-based B2B platform digitalising the region’s traditional trade market Cartona has secured USD 8.1 million in a Series A extension funding round.

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As election nears, should investors reconsider Fannie Mae?

American Banker

Election speculation about policy change at Fannie Mae has boosted its stock slightly this year. It's also profitable, but there's much more to consider.

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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.

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Surfboard Payments partners with Cardstream Group

The Paypers

Surfboard Payments has announced its partnership with UK-based Cardstream Group in order to provide customers with secure and innovative payment solutions.

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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

Cleaning out some (paper!) files recently, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind.** Naturally, we were excited about it, naming it the biggest innovation of the year.

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Veratad partners with IDVerse for fraud prevention capabilities

The Paypers

Veratad Technologies , a provider of identity verification solutions has selected IDVerse as their top technology supplier for fraud prevention services.

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Standard Chartered plays down fears of US-China trade war under Trump

TheGuardian

Chief executive says tensions ‘not impacting’ business as bank reports pre-tax profits of $1.6bn for second quarter Business live – latest updates Fears of a China trade war erupting under a second Trump presidential term are overblown, according to bosses at Standard Chartered bank, as they suggested that the country’s real estate woes were “largely in the rearview mirror”.

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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.