Fri.Sep 20, 2024

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Core banking transformation: strategies for modernization and value creation 

Accenture

The advantages of cloud technologies are widely recognized, offering enhanced productivity, agility, resilience, and innovation. Despite these benefits, the Financial Services industry lags behind other sectors in adopting cloud technology. According to our Cloud Rotation Index study, only 15% of banks’ workloads had been migrated to the cloud by the end of 2022.

Strategy 250
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Walmart, Fiserv team to offer real-time payments

Payments Dive

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

Payments 435
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Banks most at risk of failing share these three red flags

American Banker

A new academic paper dives into the key factors that have caused bank failures over the past 160 years.

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Amazon adds PayPal option to Buy with Prime

Payments Dive

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Two lawsuits accuse Ally Bank of failing to protect customer data

American Banker

Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.

Data 85

More Trending

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Texas' Liberty Capital and Southwestern strike deal; BNY buys Archer

American Banker

Liberty Capital Bancshares in Texas agreed to acquire in-state peer Southwestern Bancorp; BNY announced it will buy managed-account software company Archer; Louisiana is supporting crypto but pushing back on CBDCs; and more in this week's banking news roundup.

Texas 78
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What is Money Dysmorphia? Here’s All You Need to Know!

BankBazaar

Did you just picture your hard-earned money crawling down a d imly lit st airway on all fours after a botched exorcism ? Money dysmorphia is a much darke r threat , here is all you need to know. Do you feel increasingly insecure about your financial situation, no matter what the reality is? Is it too hard to shrug off this gnawing sense of financial inadequacy?

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Territorial in Hawaii rebuffs offer, doubles down on sale to LA bank

American Banker

The Honolulu-based seller said it rejected a competing bid from an investor group and would stick with its plan to sell to Hope Bancorp for $78.6 million in stock.

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Grasshopper reduces manual reviews with Alloy risk solution

BankInovation

Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech Alloy’s risk-management solution. The bank implemented Alloy’s Identity Risk Solution in March 2022. At the time, 20% of its applications were reviewed manually to monitor for fraud, Lauren McCollom, head of embedded finance at Grasshopper, told Bank Automation News.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Women's financial empowerment has come a long way, but work remains

American Banker

In the U.S. and around the world, women still face many barriers to financial inclusion, and workplace practices that make it more challenging for them to build wealth. It doesn't have to be that way.

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Major retail banks in Singapore to introduce SFV to mitigate phishing

The Paypers

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).

Retail 72
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How Walmart's using real-time payments to battle credit cards

American Banker

By enabling instant settlement for bank payments at checkout, the retailer is adding speed to an option that reduces card transaction fees. But getting consumer buy-in may be a challenge.

Cards 57
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Astra Tech introduces Send Now, Pay Later service in the UAE

The Paypers

Astra Tech , a consumer technology holding company, has launched a service in the UAE called ‘Send Now, Pay Later’ (SNPL) through its Botim Ultra App.

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The Role of Automation in Commercial Lending

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.

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How the alchemy of banking helped create the modern state

American Banker

In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of instances in which banks teamed up with governments to create financial instruments. Early bank innovations transformed debt into bank money, allowing cities and nations to thrive.

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Privado ID and Disco merge to advance chain-agnostic digital identity

The Paypers

Privado ID , formerly known as Polygon ID, has announced its merger with Disco , a company focused on multichain verifiable data and reputation management.

Data 68
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Tense vote to avoid government shutdown may come next week

American Banker

Warnings, finger pointing, and political infighting have consumed talks around a continuing resolution, but the details of the upcoming funding package are expected to be ironed out over the weekend for a likely vote early next week.

DC 36
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MSB and TerraPay simplify cross-border money transfers

The Paypers

Vietnam Maritime Commercial Joint Stock Bank (MSB) has partnered with TerraPay to enhance digital payment solutions by improving efficiency and reducing transaction costs.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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The economic cloud over the fed's half-point rate cut

American Banker

This week, Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why the economic data she's seen didn't convince her of the need to cut rates as much as her fellow governors thought.

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Enercare partners with Stripe

The Paypers

Financial infrastructure platform Stripe has partnered with Canadian home and commercial services company Enercare to power its online payments experience.

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House lawmakers pitch proposals to address pig butchering scams

American Banker

A Wednesday hearing included discussion of European laws that will put banks on the hook for fraud schemes, and whether the U.S. needs a digital identity standard.

Fraud 36
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Klarna launches AI chat-based shopping assistant

The Paypers

Klarna has improved its AI-powered shopping assistant with chat-based features, offering personalised recommendations, comparisons, reviews, and real-time price insights.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Finding middle ground on overdraft protection fees

American Banker

Credit unions worked with California lawmakers to reshape proposed changes to the fees. An upcoming rule from the Consumer Financial Protection Bureau raises uncertainty.

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PragmaGO enters the market in Romania

The Paypers

PragmaGO , an SME financing in Central and Eastern Europe (CEE) provider has started its international expansion by entering the Romanian market.

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Surging Credit Card Surcharges May Push More Consumers to Cash, Debit

The Financial Brand

This article Surging Credit Card Surcharges May Push More Consumers to Cash, Debit appeared first on The Financial Brand. Fee-averse cardholders shift spending away from credit cards to debit cards and cash. This article Surging Credit Card Surcharges May Push More Consumers to Cash, Debit appeared first on The Financial Brand.

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Circle expands USDC access in Brazil and Mexico for faster payments

The Paypers

Fintech company Circle has expanded USDC access in Brazil and Mexico via local real-time payment systems to enable faster and cheaper transactions.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.