Tue.Jul 16, 2024

article thumbnail

Inside look: EverBank’s technology strategy

BankInovation

EverBank considers strong platforms and API-first integrations when selecting third-party vendors to modernize operations. “If we build good platforms that are API-first, we can plug in the best of the best [into the bank],” Lindsay Lawrence, executive vice president and chief operating officer, told Bank Automation News.

article thumbnail

FedNow zooms past RTP participation in inaugural year

Payments Dive

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

System 543
Insiders

Sign Up for our Newsletter

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

article thumbnail

Morgan Stanley using AI to grow adviser operations

BankInovation

Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth across its three divisions — investment banking, wealth management and institutional securities — Chief Financial Officer Sharon Yeshaya said during Morgan Stanley’s second-quarter earnings call today.

article thumbnail

Prepaid card spending accelerates

Payments Dive

The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

Cards 244
article thumbnail

How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

article thumbnail

Liberty Bank embraces tech for 200th anniversary

ATM Marketplace

As it approaches its 200th anniversary, Liberty Bank is embracing major technological changes and investigating others.

More Trending

article thumbnail

From magic acts to Goldman Sachs and beyond: the US finance whiz helping kickstart UK growth

TheGuardian

Tracy Blackwell, boss of the Pension Insurance Corporation, has worked her way from up Baskin-Robbins and survived a shipwreck disaster (for her possessions), to lead a company set to work closely with the new chancellor Shortly before Christmas 1997, Tracy Blackwell found herself in New York with nothing but two suitcases and the sinking feeling that she would have to make another fresh start.

US 72
article thumbnail

Bank of America taps AI to keep clients happy

BankInovation

Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to AI. “AI has moved from cost savings ideas to enhancing the quality of our customer interactions,” Chief Executive Brian Moynihan said during today’s second-quarter earnings call.

America 70
article thumbnail

Call centers and bank branches are major fraud liabilities

American Banker

Banks reported that they have far more protections against fraud in digital channels versus branches or call centers, according to survey research.

Fraud 83
article thumbnail

Visa launches BNPL credential and support programme in Japan

The Paypers

Visa has announced the rollout of its Visa Instalment Credential (VIC), a dedicated credential for Buy Now, Pay Later (BNPL) products in Japan.

73
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

Zelle owner will testify at Senate Investigations hearing

American Banker

Early Warning Services CEO Cameron Fowler will join bank executives at an upcoming hearing in the Senate Permanent Subcommittee on Investigations to discuss fraud on the Zelle payments network.

Fraud 74
article thumbnail

Bank of Korea signs MOU with Bank Indonesia

The Paypers

The Bank of Korea (BOK) has signed a memorandum of understanding (MOU) with Bank Indonesia to enhance cross-border payment systems between South Korea and Indonesia.

System 67
article thumbnail

How Apple's iPhone payments update could hurt banks

American Banker

The tech giant is enabling users to pay by holding smartphones together, potentially cutting into the market for Zelle, PayPal and Venmo.

Apple 68
article thumbnail

Top 5 Hard Money Construction Lenders

Commercial Lending USA

Do you need to start your construction project quickly? Lenders who come from the past can be slow and strict.

Lending 52
article thumbnail

Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

article thumbnail

Private data has a bigger role in reading inflation, Fed official says

American Banker

Federal Reserve Board Gov. Adriana Kugler said traditional data sets are slow and sometimes outdated. She pointed to housing services as a price category that can benefit from private data.

Data 48
article thumbnail

OCN secures USD 86 million in Series A funding round

The Paypers

Mexico-based OCN , previously known as OneCarNow, has announced that it secured USD 86 million in a Series A funding round, which included equity and debt.

article thumbnail

Sale of Visa shares, fee income help drive PNC Financial's earnings

American Banker

The superregional bank in Pittsburgh also reported a small quarter-over-quarter advance in interest income and reiterated expectations for a record year on that front in 2025.

Report 48
article thumbnail

Haruko secures USD 6 million in funding for Southeast Asia expansion

The Paypers

Digital asset investment management platform Haruko has secured USD 6 million in a Series A funding round to facilitate its expansion into Southeast Asia.

article thumbnail

Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

article thumbnail

The EU leads the way in implementing comprehensive digital wallets

American Banker

Bankers and financial services professionals should be monitoring the rollout of the EU Digital Identity Wallet initiative, as it signals changes likely to arrive in the U.S.

article thumbnail

Quantifeed and Thought Machine partner on private banking

The Paypers

UK-based Thought Machine has partnered with digital wealth management solutions provider Quantifeed to augment the private banking sector worldwide.

article thumbnail

Senate Banking member Menendez convicted

American Banker

Should senior Senate Banking Committee member Bob Menendez, D-N.J., resign or be expelled from the Senate, it could derail key nominations — including that of Christy Goldsmith Romero for Federal Deposit Insurance Corp. chair.

article thumbnail

Bandhan Bank introduces Bharat QR Code

The Paypers

India-based private bank Bandhan Bank has announced the launch of a new payment solution via the Bharat QR Code, developed for its Current account and Savings account customers.

article thumbnail

3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

article thumbnail

A third term for Powell as Fed chair is unlikely — but not impossible

American Banker

Federal Reserve chair Jerome Powell's term expires in 2026, and the chances are good that he will ride off into the sunset. But there is a path for him to be renominated for a third term, and he's defied long political odds before.

article thumbnail

Saudi Central Bank launches Naqd

The Paypers

The Saudi Central Bank (SAMA) has announced the launch of Naqd, a government banking services platform that focuses on digitising the financial services of government agencies.

36
article thumbnail

Morgan Stanley's dealmakers drive profit rebound

American Banker

The Wall Street investment bank saw its profits rebound in the second quarter as last year's decline in mergers continued to thaw, a sign that the company's bread-and-butter business of arranging mergers is returning to full gear.

Company 36
article thumbnail

Poland fines PayPal with USD 27.3 mln

The Paypers

Poland's antitrust and consumer protection authority, UOKiK , has fined PayPal Europe USD 27.3 million for inadequately detailing activities subject to penalties in its contractual clauses.

36
article thumbnail

5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.