Payments Dive

AUGUST 21, 2023

In a company podcast, the grocer’s new CEO and president slammed the popular checkout method as being bad for employees and too much work for shoppers.

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Company 370

South State Correspondent

AUGUST 21, 2023

Earlier this month, on August 7, 2023, Moody’s Investor Services (“Moody’s”) published a banking sector review. That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). However, that publication, directly and indirectly, identified three discrete risks affecting community banks.

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Community Bank Community Capital Analysis 195

Payments Dive

AUGUST 21, 2023

BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

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Report Policies Regulation 370

CFPB Monitor

AUGUST 21, 2023

The U.S. Supreme Court has denied the motion filed by the 27 Republican State Attorney Generals who filed an amicus brief in support of Community Financial Services Association in CFSA v. CFPB asking for leave to participate in oral argument. No explanation for the denial was given by the Court. While the Supreme Court almost routinely grants requests by the Solicitor General to participate in oral argument as amicus, it grants requests from State Attorneys General to argue as amici with much

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Community 78

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Payments Dive

AUGUST 21, 2023

The company raised the money after government agencies and school districts lined up for its digital payments and fund management services.

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Management Payments Company 195

BankInovation

AUGUST 21, 2023

Nvidia wants to unlock new AI applications across the financial services industry as the chipmaker looks to gain more financial institution clients.

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Customer Experience Compliance Industry Company 98

CFPB Monitor

AUGUST 21, 2023

Professor Jeff Sovern, who recently joined the University of Maryland Francis King Carey School of Law faculty, has recently blogged about a forthcoming Study by academicians at other institutions that will be published in the Berkeley Technology Law Journal. The Study, titled “TL;DR: The Law and Linguistics of Social Platform Terms-of-Use,” examines the content and readability of online terms of use and, according to Professor Sovern, “illustrates how crazy arbitration opt-outs have become.” .

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Study Maryland Online Technology 78

American Banker

AUGUST 21, 2023

The job cuts come amid caution about the industry's growth potential in the second half of the year. Some 45,000 positions have been lost in banking and related industries over the last two-plus years.

Report 69

Report Industry Management 69

BankInovation

AUGUST 21, 2023

Financial institutions are looking to upgrade their tech stacks to attract customers and drive deposit growth. The approach of strengthening deposits and adding to the client pool follows the spring collapses of Silicon Valley Bank, First Republic Bank, and Signature Bank.

America 52

America 52

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American Banker

AUGUST 21, 2023

The New York megabank is considering splitting its institutional clients group division into three parts following the upcoming departure of top executive Paco Ybarra, the Financial Times reported. The heads of the three segments would report directly to CEO Jane Fraser.

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Report New York Groups 69

The Paypers

AUGUST 21, 2023

South Korea-based MOIN has partnered with Currencycloud to expand global coverage for South Korea’s remitters while improving the cross-border payment experience for customers.

Payments 36

Payments 36

American Banker

AUGUST 21, 2023

Two-thirds of business executives expect to pursue merger-and-acquisition deals over the next 12 months, according to a new EY survey. That's good news for larger banks with M&A advisory operations.

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Survey Operations Community Bank Community 69

The Paypers

AUGUST 21, 2023

Brazil-based financial services platform Nubank has connected its infrastructure to the blockchain network of Banco Central do Brasil to initiate testing with Drex, the Brazilian digital currency.

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blockchain 36

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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American Banker

AUGUST 21, 2023

John Paul Dillon pleaded guilty to nearly $1 million in fraud related to COVID-19 emergency small-business programs, including the Payroll Protection Program and the Economic Injury Disaster Loan Program and a fraudulent loan application for a mortgage.

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Tennessee Fraud Compliance Regulation 68

The Paypers

AUGUST 21, 2023

US-based enterprise technology provider NCR Corporation has extended its partnership with Kiwibank to run the bank’s ATM fleet through its ATM as a Service solution in New Zealand.

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ATM US Technology 36

American Banker

AUGUST 21, 2023

The longtime payments executive plans to maintain the company's alternative pricing as a way to address the growing criticisms of interchange.

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Payments Company 69

The Paypers

AUGUST 21, 2023

Switzerland-based SDX has become the first private DLT financial market infrastructure to adopt the Digital Token Identifier Foundation (DTIF) managed ISO 24165 DTI standard.

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Management Marketing 36

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American Banker

AUGUST 21, 2023

Congress must act to ban nonbanks from issuing stablecoins. The products are virtually equivalent to bank deposits, and should be regulated as such.

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Regulation cryptocurrency Compliance Payments 53

The Paypers

AUGUST 21, 2023

DBS Bank and Infor Nexus have collaborated to launch pre-shipment financing for small and medium-sized enterprises (SME) suppliers in the Infor Nexus supply chain ecosystem.

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36

American Banker

AUGUST 21, 2023

Key data points have shown price and wage pressures continue to dissipate, which should bolster the case for an end to rate increases, but strong labor-market activity may keep policymakers uneasy.

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Data Marketing Policies 36

The Paypers

AUGUST 21, 2023

Oman-based bank, Sohar International , has completed its merger with HSBC Oman aiming to strengthen its position as a growing financial institution in the country.

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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American Banker

AUGUST 21, 2023

The Office of the Comptroller of the Currency granted federally chartered banks permission Monday to close branches in California, Nevada and Arizona affected by Tropical Storm Hilary.

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Nevada Arizona California Compliance 36

The Paypers

AUGUST 21, 2023

OMNIA Partners has announced the launch of its OMNIA Partners OPUS procurement platform, to provide a simple and secure user experience to customers and clients.

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User Experience Security 36

American Banker

AUGUST 21, 2023

Goldman Sachs Group is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under CEO David Solomon's ill-fated push to manage money for a broader set of customers.

Marketing 36

Marketing Groups Management 36

The Paypers

AUGUST 21, 2023

Mastercard has partnered with UAS-founded spend management fintech Qashio to launch corporate credit cards and offer virtual issuance capabilities in the region.

Regional 36

Regional Fintech Cards Management 36

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