Mon.Mar 11, 2024

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A year after SVB went down, regional banks are not out of the woods

American Banker

Midsize lenders have largely defied the most dire predictions following Silicon Valley Bank's demise. But the nation's largest banks still have structural advantages, and the regionals remain hampered by their real-estate heavy portfolios and the continuing impact of high interest rates.

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Visa spends ‘billions’ battling cybersecurity threats

Payments Dive

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

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Mastercard partners with Nexi to support Open Banking in Europe

The Paypers

US-based payment technology corporation Mastercard has partnered with Europe-based paytech Nexi to support Open Banking payments in Europe.

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JPMorgan to launch biometric checkout next year

Payments Dive

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

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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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From cybersecurity to failed mergers, 5 challenges facing banks and credit unions

American Banker

Bank of America, Citi and Navy Federal are among banks and credit unions to recently manage through unforeseen challenges.

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More Trending

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PPP fraud suit alleges animal abuses by factory farm

American Banker

Later this month, a federal judge will hear arguments over whether an animal rights group may proceed with its lawsuit that says an industrial ag company violated state and federal animal-protection laws and as a result must repay its Paycheck Protection Program loan.

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ClearBank eyeing EU license

BankInovation

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth. ClearBank officials are hopeful for approval from the European Central Bank in the second quarter, Paul Staples, group head of embedded banking, told Bank Automation News.

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Credit union to buy second bank, expand in Washington state

American Banker

Sound Credit Union said it would acquire Washington Business Bank in a cash deal slated to close in the fourth quarter.

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1 in 5 Bank of America patents AI-focused

BankInovation

To keep up with consumer demand for digital capabilities, Bank of America’s inventors focus on solving client problems and removing friction through innovation and patent efforts. In 2023, the $3.2 trillion bank was granted 644 patents, up 6% year over year from 2022, according to a bank press release.

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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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TD taps into iPhones for a leg up in merchant acquiring

American Banker

TD Bank is among the latest to support Tap to Pay, which allows clients to accept contactless payments on their personal smartphones. Through its investment in Autobooks, it enables others to do the same.

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ClearBank eyeing EU license for Q2

BankInovation

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth. ClearBank officials are hopeful for approval from the European Central Bank in the second quarter, Paul Staples, group head of embedded banking, told Bank Automation News.

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EDPS mandates corrections for EU Commission's data protection violations

The Paypers

The European Data Protection Supervisor (EDPS) has investigated the European Commission 's use of Microsoft 365 and found several violations of data protection rules.

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A year post SVB's collapse, lawmakers keep up pressure on regulators

American Banker

Sen. Bill Hagerty, R-Tenn., and Sen. Elizabeth Warren, D-Mass., sent separate letters to banking regulators on the anniversary of the failure of Silicon Valley Bank, with Hagerty questioning the Federal Deposit Insurance Corp.'s sale of Signature Bank's assets and Warren urging the regulators to tighten capital and liquidity requirements.

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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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EU introduces digital identity wallet for citizens and businesses

The Paypers

The European Union has revealed a Digital Identity Wallet in a bid to cater to the needs of its citizens, residents, and businesses.

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Rebranding Is Expensive, Time-Consuming – and Essential

The Financial Brand

This article Rebranding Is Expensive, Time-Consuming – and Essential appeared first on The Financial Brand. How financial institutions are refreshing their brands with messaging that taps into the emerging priorities of their customers. This article Rebranding Is Expensive, Time-Consuming – and Essential appeared first on The Financial Brand.

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Fingerprints partners with Thales and Garanti BBVA

The Paypers

Fingerprints has announced its partnership with Thales and Garanti BBVA in order to launch a biometric payment card for customers in the region of Türkiye.

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FDIC's Hill calls for more nuance in regulatory approach to digital assets

American Banker

Federal Deposit Insurance Corp. vice chair Travis Hill Monday criticized his agency's lack of clarity on digital assets, warning that the current approach risks hindering U.S. influence in the global rollout of blockchain at banks.

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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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2innovate partners with Paymentology

The Paypers

2innovate has announced its partnership with Paymentology in order to optimise operational efficiency and security in the Latin American financial ecosystem.

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Why Credit Unions Are Primed to Revolutionize Financial Services in the U.S.

The Financial Brand

This article Why Credit Unions Are Primed to Revolutionize Financial Services in the U.S. appeared first on The Financial Brand. Younger consumers are ready to become credit union customers, if the industry leans into its strengths, powered by digital technology. This article Why Credit Unions Are Primed to Revolutionize Financial Services in the U.S. appeared first on The Financial Brand.

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Amadeus acquires Voxel

The Paypers

Travel technology company Amadeus has announced the acquisition of Voxel , an electronic invoice and B2B payment solution provider, aiming to improve the overall travel payment experience.

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CFPB's mortgage 'junk fee' blog draws ire and praise

American Banker

While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.

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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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Amadeus launches Leisure Connect and Value Cars

The Paypers

Travel technology company Amadeus has announced the launch of Leisure Connect and Value Cars, aiming to expand its offerings and optimise customer experience.

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For bankers facing the new CRA rule, it's time to 'Fight the Fed'

American Banker

"Don't fight the Fed" is the mantra of investors. But, when the Fed does not allow banks to meet the needs of their communities and shareholders through unfair regulations, like the politically motivated CRA final rule, bankers have no choice but to go to court to seek regulatory justice.

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Rabobank partners with dejamobile

The Paypers

Netherlands-based Rabobank has announced its partnership with dejamobile in order to enable clients to accept contactless payments on Android and iPhone devices.

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HUD Secretary Marcia Fudge to step down

American Banker

The head of the U.S. Department of Housing and Urban Development under the Biden Administration said she will transition from public life starting March 22.

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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.