Payments Dive

SEPTEMBER 27, 2023

The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.

Payments 435

Payments Retail Online 435

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” That is not a great answer. That level of passivity will likely cause us to lose 75+ banks during the next downturn. Loan portfolio asset allocation should be active. Credit risks are increasing, and a brief window is available to solve problems on the margin.

Lending 195

Lending US Marketing Capital 195

Payments Dive

SEPTEMBER 27, 2023

Facilitating digital payments would be a big win for social apps, but regulators are less enthused.

Tools 370

Tools Regulation Payments 370

BankUnderground

SEPTEMBER 27, 2023

Itua Etiobhio, Riyad Khan and Steve Blaxland The volume of information available to supervisors from public sources has grown enormously over the past few years, including unstructured text data from traditional news outlets, news aggregators, and social media. This presents an opportunity to leverage the power of data science techniques to gain valuable insights.

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Data Analysis social media Examples 126

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Payments Dive

SEPTEMBER 27, 2023

The digital payment services company brought on a chief revenue officer last year to better serve larger companies, according to CEO Dimitri Dadiomov.

Company 332

Company Payments 332

Payments Dive

SEPTEMBER 27, 2023

The social media app has taken another step toward providing in-app commerce and payments, but may face regulatory resistance.

social media 273

social media Payments 273

TheGuardian

SEPTEMBER 27, 2023

After his account was frozen, the bank would not accept anything except an in-person visit for an identity check My father had a stroke earlier this year and is bedbound and needs 24-hour care. Last month, two online payments from his Santander account were blocked. He was told to call the helpline and asked various security questions. When he was unable to name a recent transaction, his account was locked and he was told he would have to go into the branch for his identity to be verified.

Security 100

Security Online Payments 100

Payments Dive

SEPTEMBER 27, 2023

Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.

Tools 243

Tools 243

American Banker

SEPTEMBER 27, 2023

Subjecting the Consumer Financial Protection Bureau to congressional appropriations would throw a wide range of essential regulatory activities into disarray, disrupting the industry and putting consumers at risk.

System 94

System Industry Policies Compliance 94

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Analysis

TheGuardian

SEPTEMBER 27, 2023

DoJ says Washington Trust engaged in redlining, the racist policy of banks blocking people of color from getting mortgages Washington Trust, the oldest community bank in the US, has agreed to pay $9m to resolve allegations that it engaged in lending discrimination against homebuyers in majority Black and Latino neighborhoods, the Department of Justice has announced.

Rhode Island 83

Rhode Island Lending Washington Community Bank 83

American Banker

SEPTEMBER 27, 2023

Our annual list of The Most Powerful Women in Finance.

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91

CFPB Monitor

SEPTEMBER 27, 2023

On September 21, 2023, with limited time to digest the comments received by September 11, 2023 from the request for information regarding medical payment products, the Consumer Financial Protection Bureau (CFPB) started the FCRA rulemaking process. The press release describes a “rulemaking process to remove medical bills from Americans’ credit reports.”.

Report 78

Report Payments 78

American Banker

SEPTEMBER 27, 2023

The Consumer Financial Protection Bureau issued a mortgage report based on statistics from 2022 and is looking for ways to simplify the refinance process while considering changes to mortgage servicing standards.

Payments 83

Payments Report Compliance Regulation 83

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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.

Lending

BankInovation

SEPTEMBER 27, 2023

Financial institutions have kept their noses to the grindstone this year amid industry turbulence and technological disruption. To cut costs and streamline operations, banks looked to AI to enhance self-service consumer capabilities, improve backend operations and boost developer productivity. Similarly, banks looked to third-party vendors to advance their tech stacks.

Operations 77

Operations Industry Technology America 77

American Banker

SEPTEMBER 27, 2023

Bank of America CEO Brian Moynihan said that consumer activity has slowed throughout the year, but should remain strong enough to position the economy for growth later in 2024.

America 82

America Industry 82

BankInovation

SEPTEMBER 27, 2023

Nomura Trust & Banking Co. has chosen nCino to move its operations to the cloud. The Japanese trust bank aims to remove inefficient operations, ensure data security, and integrate and centralize its data by modernizing and moving its operations to the cloud, according to nCino’s Sept. 12 release. The $3.

Operations 74

Operations Data Security Payments 74

American Banker

SEPTEMBER 27, 2023

Emprise's innovation and strategy team worked much of the last two years hammering out an infrastructure for the new banking service.

Strategy 81

Strategy Innovation 81

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Capital

BankInovation

SEPTEMBER 27, 2023

What will artificial intelligence bring to the financial services industry? This question is becoming less crucial than how financial institutions are approaching AI implementation, development and innovation.

Survey 72

Survey Tools Innovation Industry 72

American Banker

SEPTEMBER 27, 2023

Ally Financial and Workers Credit Union say they've successfully infused marketing campaigns with AR to hype their brands and communicate their corporate values even as skeptics question whether customers are clamoring for the technology.

Branding 81

Branding Technology Marketing Customer Experience 81

The Paypers

SEPTEMBER 27, 2023

Global payments platform Thunes has announced the expansion of its Acceptance payment network to Indonesia, Malaysia, Philippines, Singapore, and Thailand.

Payments 66

Payments 66

American Banker

SEPTEMBER 27, 2023

Credit unions and banks are lending more to merchants based in the Western U.S., reflecting trends reported in the Umpqua Bank 2023 Business Barometer and running against broader economic pessimism.

Lending 80

Lending Trends Report 80

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Operations

The Paypers

SEPTEMBER 27, 2023

Embedded payments provider Infinicept has partnered with hardware and processor-agnostic omnichannel payments company Datacap.

Payments 48

Payments Company 48

American Banker

SEPTEMBER 27, 2023

Our annual list of The Most Powerful Women to Watch.

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The Paypers

SEPTEMBER 27, 2023

Crypto platform Kraken has received authorisation from the Central Bank of Ireland as an e-money institution and has registered with the Bank of Spain as a Virtual Asset Service Provider.

Security 45

Security 45

American Banker

SEPTEMBER 27, 2023

At TD Bank, the consumer deposits, products, and payments (CDPP) team is in charge of every aspect of the bank's deposit products.

Payments 78

Payments 78

Advertiser: ZoomInfo

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.

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