Mon.Mar 25, 2024

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JPMorgan seeks embedded payments niches

Payments Dive

The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

Payments 300
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Municipal Credit Union brings wealth management to members

American Banker

The $4.2 billion-asset MCU in New York is working with Ameriprise Financial Institutions Group to connect members with the firm's network of digital advisors and offer investment planning options alongside its suite of traditional products.

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How Visa handled ‘BidenCash’ card fraud incident

Payments Dive

The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

Cards 221
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Junior, senior coders split on the use of gen AI

BankInovation

PNC Financial Services’ junior and senior coders are split on how much they can rely on generative AI for code generation and writing. Junior coders use gen AI for code writing more than senior coders, Scott Kinross, senior vice president and software engineering director at PNC Financial Services, said at Bank Automation Summit U.S.

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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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Crypto Fraud Losses Rose to $3.9B in 2023, a 53% YoY Increase: FBI

Payments Dive

SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

More Trending

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JPMorgan Chase accuses TransUnion of stealing 'trade secrets'

American Banker

The credit bureau's Argus unit collected the bank's credit card data on behalf of regulators, then used it in the benchmarking service it sells to other banks, the bank says. The suit comes at a time when bank data is becoming increasingly open, at least in theory.

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Emporia State FCU adopts Bankjoy's mobile banking app

The Paypers

US-based Emporia State Federal Credit Union has launched its updated online and mobile banking app powered by Bankjoy , a digital banking provider.

Mobile 48
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Farm lending robust in 2023, but 'tougher' year lies ahead

American Banker

Lower commodity prices and decreases in government assistance are expected to push farm income lower this year and raise credit risk for banks.

Lending 62
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Report: Consumers seek flexible, transparent cross-border payments

The Paypers

Airwallex and Edgar, Dunn & Company have release a report which shows that consumers want flexibility and transparency in digital cross-border payments.

Report 48
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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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Why the money laundering fight is going to the next level

American Banker

Wars in Ukraine and the Middle East. Fiercely polarized U.S. politics. Rapidly multiplying payments options on social media networks and elsewhere. Those factors and more are making it harder than ever for banks to combat illicit financial transactions.

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Mastercard releases report on remittances in LATAM

The Paypers

US-based payment technology corporation Mastercard has released a whitepaper on the current status of cross-border payments in Latin America.

Report 45
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Fed's Cook: 'Magnificent seven' stocks could be stability threat

American Banker

Federal Reserve Gov. Lisa Cook said in a speech Monday the central bank is monitoring record highs in the stock market to see if it proves to be a bubble.

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EU bans unverified self-hosted crypto wallets

The Paypers

The European Union has decided to issue a ban on cryptocurrency transactions that involve unverified non-custodial wallets.

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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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Banks need to leverage big data to combat a surge in AI-enabled fraud

American Banker

Specialized large language models should be harnessed to help financial institutions identify and halt fraudulent activity. The best model would involve regulator-approved pooling of anonymized customer data.

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Chime to go public in 2025

The Paypers

US-based fintech Chime has been reported to intend to launch its initial public offering (IPO) in the US in 2025, with the company not yet engaging banks.

US 45
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Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024

The Financial Brand

This article Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024 appeared first on The Financial Brand. Bestselling author and futurist Jacob Morgan shares insights on the critical leadership skills and mindsets needed to navigate the complexities of the modern workplace. This article Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024 appeared first on The Financial Brand.

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Danske Bank partners with AWS

The Paypers

Danske Bank has announced its partnership with Amazon Web Services in order to invest in cloud technology and provide customers with new digital solutions.

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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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Young Women Are Getting Richer. Here’s How Banks Should Market to Them

The Financial Brand

This article Young Women Are Getting Richer. Here’s How Banks Should Market to Them appeared first on The Financial Brand. Millennial and Gen Z women are set to receive $80 trillion in wealth transfer and banks need to improve their marketing strategies if they want them as customers. This article Young Women Are Getting Richer. Here’s How Banks Should Market to Them appeared first on The Financial Brand.

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HyperPay partners with Capital Bank

The Paypers

Payment gateway provider in the MENA region HyperPay has partnered with Capital Bank in order to deliver streamlined and secure payment gateway services for merchants.

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Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems

The Financial Brand

This article Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems appeared first on The Financial Brand. Mergers and moving to the cloud help drive new thinking about data. Marketing must be in the room as decisions are made. This article Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems appeared first on The Financial Brand.

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Leatherback partners with YES BANK

The Paypers

UK-based fintech company Leatherback has entered a strategic collaboration with YES BANK to allow simplified remittance and INR payouts in India.

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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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OCC's Hsu says prioritizing fairness can bolster innovation

American Banker

Acting Comptroller Michael Hsu emphasized Monday the importance for banks to prioritize fairness in innovation, urging vigilance in navigating compliance risks associated with emerging technologies like AI.

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NX Technologies secures EUR 22 mln series B funding found

The Paypers

Germany-based payment management platform NX Technologies has raised EUR 22 million in series B funding to augment its market position in Europe and product suite.

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Harassment and drugs plagued a Citigroup division for years

American Banker

Bankers from Citigroup were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.

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Union54 introduces ChitChat in Zambia

The Paypers

Zambia-based card issuing fintech startup Union54 has announced the launch of ChitChat in the region, aiming to improve the digital finance and social commerce landscape in Africa.

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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.