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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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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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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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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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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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 81
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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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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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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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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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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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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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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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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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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.

Capital 41
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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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Partnership between Vodafone and Three UK raise concerns for CMA

The Paypers

The partnership between Vodafone and Three has raised concerns for CMA , as it could lead to higher prices for customers and affect investment in UK mobile networks.

Mobile 41
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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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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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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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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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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.

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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.

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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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Federal Bank launches Flash Pay through NPCI partnership

The Paypers

Federal Bank has launched its Flash Pay tool in partnership with NPCI , to provide India-based clients with contactless payments at NCMC-enabled metro stations.

Metro 41
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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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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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.