Tue.Sep 17, 2024

article thumbnail

Lawmakers push for crackdown on fintechs

Payments Dive

Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.

Fintech 195
article thumbnail

Strategic shifts to future-proof your lending business

Accenture

Drawing from our Commercial Banking Top Trends for 2024, this series explores how banks can modernize their lending business and differentiate the customer experience by integrating AI, machine learning and other advanced tools. Previously, we touched on the disruptions in lending and analyzed the first of six shifts necessary to future-proof one’s business.

Lending 326
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apple launches Affirm BNPL option

Payments Dive

Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.

Apple 243
article thumbnail

5 Strategies for financial institutions to thrive after rate cuts

Abrigo

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

Strategy 221
article thumbnail

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.

article thumbnail

Block shuffles leadership, creates chief risk officer role

Payments Dive

Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

More Trending

article thumbnail

5 Effective Ways to Turbocharge Your Auto Loan Portfolio

SWBC's LenderHub

How Income Generation, Risk Management, and Transaction Enablement™ Help Your FI Win the Race Table of Contents 5 Ways to Effectively Turbocharge Your Auto Loan Portfolio Ensure Your Auto Loan Portfolio is Protected Don’t Get Lapped in Coverage Diversify Your Auto Loan Portfolio Make a Pit Stop with an Effective Collections System Create an Easier Way for Your Borrowers to Pay How You Could Benefit from Partnering with a Winning Pit Crew Lap the Competition with an Income Generation Crew Buckle

article thumbnail

JPMorgan explores taking over Apple card that Goldman wants to ditch

BankInovation

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been trying to ditch. The biggest US bank is among a slew of credit-card issuers that have explored taking over the Apple card, according to a person familiar with the matter. […] The post JPMorgan explores taking over Apple card that Goldman wants to ditch appeared first on Bank Automation News.

Apple 79
article thumbnail

5 Effective Ways to Turbocharge Your Auto Loan Portfolio

SWBC's LenderHub

How Income Generation, Risk Management, and Transaction Enablement™ Help Your FI Win the Race Table of Contents 5 Ways to Effectively Turbocharge Your Auto Loan Portfolio Ensure Your Auto Loan Portfolio is Protected Don’t Get Lapped in Coverage Diversify Your Auto Loan Portfolio Make a Pit Stop with an Effective Collections System Create an Easier Way for Your Borrowers to Pay How You Could Benefit from Partnering with a Winning Pit Crew Lap the Competition with an Income Generation Crew Buckle

article thumbnail

How Citizens is prepping for open banking

BankInovation

Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open banking regulations expected to be finalized in the United States in the fall. “We have been investing in this for over three years,” Michael Ruttledge, chief information officer and head […] The post How Citizens is prepping for open banking appeared first on Bank Automation News.

article thumbnail

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

article thumbnail

4 Exciting Ways Transaction Enablement™ Will Improve Your Borrower Experience

SWBC's LenderHub

See How Innovative Payment Options Make Borrower Interactions Smoother In the ever-evolving landscape of financial services, borrower experience will always reign supreme. As technology advances, your financial institution will want to provide borrowers with the latest and most innovative technology that ensures every interaction with your financial institution is pleasant and convenient.

article thumbnail

Fireblocks and Chainlink accelerate regulated stablecoin issuance

The Paypers

US-based Fireblocks has partnered with Chainlink to provide an end-to-end technology for financial institutions looking to issue and transact regulated stablecoins.

article thumbnail

3 Useful Ways Income Generation Products Benefit Financial Institutions

SWBC's LenderHub

Unlocking Financial Growth The financial industry is dedicated to helping borrowers achieve their goals by implementing solutions that protect and service them throughout the loan process. Through continuous evolution and adaptability, financial institutions aim to integrate new products and income-generating opportunities into their offerings to stay ahead of the curve and better serve their borrowers.

article thumbnail

ABA nominates officers, board for 2024–2025

ABA Community Banking

ABA’s Nominating Committee finalized the official slate of candidates to be presented for election at the association’s annual convention scheduled for Oct. 27-29 in New York City. The post ABA nominates officers, board for 2024–2025 appeared first on ABA Banking Journal.

article thumbnail

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.

article thumbnail

3 Amazing Benefits of Partnering with a Risk Management Crew

SWBC's LenderHub

Learn How a Risk Management Crew Can Help Your Financial Institution Mitigate Risk Every move your financial institution makes will involve some degree of risk. That is why managing your organization’s loan portfolio and collections can be a significant task to take on yourself.

article thumbnail

EverBank in Florida to acquire Michigan bank

ABA Community Banking

EverBank in Jacksonville, Florida, agreed to buy Sterling Bank and Trust in Southfield, Michigan, in an all-stock deal valued at $261 million. The post EverBank in Florida to acquire Michigan bank appeared first on ABA Banking Journal.

article thumbnail

Carver, the struggling NYC-based Black bank, names its next CEO

American Banker

Donald Felix, who has previously worked at JPMorgan Chase and Citi, will become Carver's president and CEO on Nov. 1. He succeeds interim CEO Craig MacKay, who's been running the unprofitable bank for the past year.

article thumbnail

PUMA and Payrails team up to augment online payments

The Paypers

Payrails , a payment platform serving global enterprises, has joined forces with PUMA to collaborate on optimising the brand’s online shopping experience for its customers.

Online 45
article thumbnail

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.

article thumbnail

We're in a critical moment for market accessibility and resilience

American Banker

The convergence of technology like blockchain with the continued evolution of rules and industry standards in traditional finance will shape the next era of market progress.

article thumbnail

Finastra integrates Prelim to streamline account opening process

The Paypers

Financial software provider Finastra has integrated fintech Prelim with its Finastra Phoenix core solution to augment retail and commercial deposit account opening.

Phoenix 45
article thumbnail

Who are the contenders to replace Jamie Dimon at JPMorgan Chase?

American Banker

As the 68-year-old CEO focuses on succession planning, here's a look at some of the longtime JPMorgan executives who could succeed him.

article thumbnail

Modern Cash & ATM Management to boost Acces to Cash Services

ATM Marketplace

Maintaining free access to cash for the community while minimising costs demands robust cash management strategies.

article thumbnail

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.

article thumbnail

IndiGo partners with Amadeus

The Paypers

India’s largest airline IndiGo has partnered with travel technology company Amadeus in order to make its New Distribution Capability (NDC) content available to travel sellers.

article thumbnail

Five Star to phase out its banking-as-a-service program by 2025

American Banker

The New York community bank cited the contribution of BaaS to its core financial results, evolving regulatory expectations, and the cost of talent and technology needed to scale as factors in this decision.

article thumbnail

Mastercard acquires Recorded Future to enhance cybersecurity

The Paypers

Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future for USD 2.65 billion.

Company 45
article thumbnail

Markets hinge on Powell emulating Greenspan to avoid a recession

American Banker

Bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach — reducing rates by 25 basis points or 50 basis points.

article thumbnail

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.