The Paypers

MAY 31, 2024

B2B fintech company Vegapay has announced the rise of a USD 5.5 million funding round, aimed at accelerating its team expansion and product portfolio development.

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Fintech Company 48

Payments Dive

MAY 31, 2024

Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

Cards 487

Cards Security 487

Accenture

MAY 31, 2024

We’re all still trying to get our heads around the big question confronting all commercial bankers right now: how and where will generative AI have the greatest impact? In our recent analysis of the top trends shaping the industry in 2024, we argue that each one is influenced to some degree by generative AI. In… The post Four ways generative AI will transform commercial banking appeared first on Accenture Banking Blog.

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Analysis Trends Industry Banking Trends 296

Payments Dive

MAY 31, 2024

“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

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Fraud National 431

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TheGuardian

MAY 31, 2024

ShinyHunters stole information including bank and credit card numbers, as well as staff HR details Hackers are attempting to sell confidential information including the bank and credit card numbers of millions of Santander customers to the highest bidder. ShinyHunters posted an advert on a hacker forum for the data, which it says also includes staff HR details, with an asking price of $2m (£1.6m).

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Data Cards Technology 103

American Banker

MAY 31, 2024

The rise of ecommerce and vertical software-as-a-service platforms are prime opportunities for large banks to sell payment processing, card issuance and other banking capabilities.

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Software Cards Payments Technology 91

Payments Dive

MAY 31, 2024

The store chain has already removed self-checkouts from 12,000 of its more than 20,000 stores, the CEO said.

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ATM Marketplace

MAY 31, 2024

When asked by a reporter why he robbed banks, Willie Sutton famously replied: "Because that's where the money is." Can biometrics prevent would-be-thieves from stealing from ATMs?

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ATM Security Report 87

American Banker

MAY 31, 2024

Atlanta Postal Credit Union's bid to acquire Affinity Bank marked the 11th deal overall this year involving a credit union buying a bank, matching the total for all of 2023. Separately, members voted against the merger of two credit unions in Indiana.

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Indiana Atlanta Community Bank Community 78

Advertiser: ZoomInfo

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BankInovation

MAY 31, 2024

Cloud-based fintech nCino aims to spend nearly $110 million on research and development for AI and digital banking tools this year. The Wilmington, N.C.

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Analytics Tools Digital Banking Fintech 77

TheGuardian

MAY 31, 2024

Watchdog opens first stage of merger process to examine whether deal would lead to less competition Business live – latest updates The UK competition regulator has launched an inquiry into the £2.9bn takeover of Virgin Money by the rival lender Nationwide Building Society. The Competition and Markets Authority (CMA) said it had opened the first stage of its merger process to look at whether the deal – one of the largest transactions in the banking sector since the 2008 financial crisis – would l

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Regulation Marketing Groups 66

BankInovation

MAY 31, 2024

Digital bank and fintech Green Dot has appointed Renata Caine as the general manager of its banking-as-a-service division. “BaaS will continue to be an important enabler for companies thinking long term about their relationships with their customers and securing their loyalty through value-added embedded financial services,” Caine told Bank Automation News.

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Digital Banking Fintech Security Management 74

Bussman Advisory

MAY 31, 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: Image Credits: shutterstock.com The post UiPath shares tank 30% after company announces CEO shakeup | AI fuels strong quarterly results for tech firms | PayPal launches PYUSD stablecoin appeared first on Bussmann Advisory AG.

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Company Fintech blockchain Payments 52

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Realwired Appraisal Management Blog

MAY 31, 2024

Many Chief Appraisers are dealing with FDIC auditors camped out in their office. The regulators are digging deep, very deep. The demands for meticulous documentation, clear communication trails and absolute compliance with regulatory standards can be overwhelming. Every decision, every valuation and every interaction needs to be tracked and justified.

Regulation 52

Regulation FDIC Compliance 52

The Paypers

MAY 31, 2024

Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) and Visa have strengthened their partnership to advance digital payments.

Payments 50

Payments 50

American Banker

MAY 31, 2024

In this week's banking news roundup: NCUA grants Tribe Federal Credit Union a provisional charter; ICBA Payments names Jacob Eisen its new president and CEO; Mission Fed Credit Union announces new role for longtime leader Steve Hasbrooke; and more.

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Payments Fintech 41

The Paypers

MAY 31, 2024

US-based Solutions by Text (SBT) has announced that it secured USD 110 million in a new growth financing round co-led by Edison Partners and StepStone Group.

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Security Groups US 41

Advertiser: ZoomInfo

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American Banker

MAY 31, 2024

The bank backed off its ban on lending to companies that make assault-style guns used for non-military purposes. Instead, the firm will now make such decisions on a case-by-case basis with senior risk officers.

Lending 36

Lending America Company Industry 36

The Paypers

MAY 31, 2024

PayPal has announced that PayPal USD (PYUSD) is now available on the Solana blockchain, enhancing speed and reducing costs for stablecoin transactions.

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blockchain 41

The Paypers

MAY 31, 2024

Visa and Mastercard have agreed to pay USD 197 million to resolve a class action by customers accusing the firms of keeping cash access fees too high.

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ATM 41

The Paypers

MAY 31, 2024

Payment credit union service organisation Velera has announced the expansion of its collaboration with Truliant Federal Credit Union , aiming to offer additional services.

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Payments 41

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The Paypers

MAY 31, 2024

Switzerland-based crypto service provider SCRYPT has raised USD 5 million in funding to accelerate growth.

Security 41

Security 41

The Paypers

MAY 31, 2024

US-based provider of AI-driven risk management solutions, Oscilar , and I provider for digital identity verification and fraud prevention, Socure have recently announced a strategic partnership.

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Risk Management Fraud US Management 36

The Paypers

MAY 31, 2024

Sovos ' TINCheck service has introduced an updated offering aimed at helping businesses mitigate the risks associated with unverified entities.

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The Paypers

MAY 31, 2024

The Bank of London has partnered with allpay Limited to simplify and expedite payments for people with or without a bank account, through easily manageable prepaid cards.

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Cards Management Payments 36

Advertiser: ZoomInfo

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