Payments Dive

JULY 18, 2024

Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

Capital 317

Capital Cards Payments Company 317

Perficient

JULY 18, 2024

Wealth management is evolving rapidly, driven by generational shifts, changing advisor roles, new business models, regulatory demands, and a growing preference for low-cost passive products. In response to these changes, our fintech client partnered with one of the world’s largest financial institutions to develop a next-generation, open-source, front-to-back wealth management platform.

Management 221

Management Data Customer Experience Innovation 221

Payments Dive

JULY 18, 2024

The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

Lending 221

Lending Industry 221

South State Correspondent

JULY 18, 2024

Sometime soon, one of the banks reading this will likely be the last bank to handle paper checks. Last week’s announcement that Target, one of the nation’s largest retailers, will not take personal checks past July 15 th has made bankers take notice. Target joins Whole Foods, Aldi, and Lululemon as major retailers that have found that checks eat up too much margin.

Fraud 195

Fraud Payments social media Operations 195

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Groups

Abrigo

JULY 18, 2024

System 195

System 195

TheGuardian

JULY 18, 2024

Revamp of 42-storey block when bank moves out in 2027 will include new terraces and leisure facilities Business live – latest updates Canary Wharf Group has unveiled plans to remove large chunks from the HSBC tower as part of a revamp of the 42-storey office block when the bank moves out in 2027. The property company said it would carve out sections of the tower’s facade to create terraces as part of plans to transform the office block – a skyscraper in the east London financial district – into

Groups 101

Groups Company 101

BankInovation

JULY 18, 2024

The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these services, according to today’s CFPB release. Paycheck advance products allow employees real-time access to earned wages.

Marketing 125

Marketing Payments 125

American Banker

JULY 18, 2024

FactSet, Brightwave and Bloomberg are among those offering generative AI models that do research legwork. But Wall Street firms have lately been taking a harder look at the cost and return of generative AI.

Tools 90

Tools Capital Marketing Technology 90

BankInovation

JULY 18, 2024

The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by a global payments issue, causing some large, time-sensitive payments to be delayed.

System 119

System Payments 119

Advertiser: ZoomInfo

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Analysis

American Banker

JULY 18, 2024

The bank plans to turn away transactions for apps like Afterpay, Affirm, Klarna and others. Its move comes as these third parties face increasing scrutiny from regulators and industrywide concerns over risk.

Cards 87

Cards Regulation Payments Technology 87

The Paypers

JULY 18, 2024

The UAE Ajman Transport Authority has partnered with payment solutions provider BPC to digitalise public transport payments through O-CITY.

Payments 81

Payments 81

American Banker

JULY 18, 2024

Mixed earnings results at Wells Fargo and the ongoing merger proposal between Discover Financial Services and Capital One Financial are creating added pressure for investors.

Capital 83

Capital Industry 83

BankInovation

JULY 18, 2024

Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures. The bank reported that 70% of its applications will be on the cloud by the end of 2024 and it aims to deploy generative AI to increase efficiencies at its call centers.

Operations 79

Operations Report Retail 79

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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

American Banker

JULY 18, 2024

The Dallas-based company, whose earnings per share fell short of consensus by 6 cents, lowered its revenue forecast and raised its expense outlook. Its stock price fell more than 8% on Thursday.

Texas 81

Texas Dallas Capital Company 81

BankBazaar

JULY 18, 2024

Here’s a sneak-peek into some technologies that are going to shake up the world of Credit Cards. Enhanced convenience, bolstered security, the advantages are endless… The question is, are you ready for the revolution? In the ever-evolving landscape of financial technology, C redit C ards are no longer mere pieces of plastic / metal. Sure, they have made payments easy and rewarding.

Cards 78

Cards Security Data Technology 78

American Banker

JULY 18, 2024

The Georgia-based bank recorded a $257 million hit after unloading a bundle of securities that it expects to redeploy into higher-yielding assets. It also forecast a resumption of loan growth in the second half of the year.

Security 81

Security Georgia 81

TheGuardian

JULY 18, 2024

The FCA says financial firms should not disadvantage people running for office and their families The UK’s biggest banks have been told by the City watchdog to do more to ensure parliamentarians, senior public servants and their families are treated fairly in the wake of the Nigel Farage debanking row. In a warning to financial firms – including banks, payment firms and lenders – the Financial Conduct Authority (FCA) said they should not disadvantage people running for office or taking senior pu

Payments 72

Payments Regulation 72

Advertiser: ZoomInfo

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Capital

American Banker

JULY 18, 2024

Financial services supervisors should revisit the concept of regulatory sandboxes. Doing so would allow fintechs to gain needed experience in the world of banking, while fostering innovation.

Regulation 57

Regulation Fintech Innovation Compliance 57

Bussman Advisory

JULY 18, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: The post Banks and payments hit as faulty CrowdStrike update | OpenAI debuts mini version of its most powerful model yet | Stripe valuation hits $70bn appeared first on Bussmann Advisory AG.

Payments 52

Payments Fintech blockchain 52

ABA Community Banking

JULY 18, 2024

At the midpoint of the year, what's the M&A outlook like for community banks? The post Podcast: M&A outlook with Paul Davis appeared first on ABA Banking Journal.

Community Bank 52

Community Bank Community 52

American Banker

JULY 18, 2024

The $22 billion-dollar earned wage access industry is vigorously opposing the Consumer Financial Protection Bureau's plan to classify paycheck advances as consumer loans requiring disclosures of fees and costs, and says it will fight the rule in court.

Industry 45

Industry Policies Compliance Lending 45

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Operations

The Paypers

JULY 18, 2024

Global financial technology company FIS has integrated Lendio ’s technology to introduce its new SMB Digital Lending solution and support small businesses in accessing funding.

Technology 45

Technology Lending Financial Technology Company 45

American Banker

JULY 18, 2024

Reps. Patrick McHenry, R-N.C., and Maxine Waters, D-Calif., who run the House Financial Services Committee, today released their report on artificial intelligence in the financial industry.

Report 41

Report Industry Policies 41

The Paypers

JULY 18, 2024

India-based credit card fintech OneCard has entered a collaboration with Razorpay to optimise the Indian credit card market through improved repayments.

Cards 41

Cards Fintech Marketing 41

The Financial Brand

JULY 18, 2024

This article How Banks Accelerate Transformation with Composable Technology appeared first on The Financial Brand. Composable technology is gathering momentum among banks as they pursue the technologies and systems that will drive revenue and resolve application complexity. This article How Banks Accelerate Transformation with Composable Technology appeared first on The Financial Brand.

Technology 37

Technology Branding System 37

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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