Payments Dive
AUGUST 10, 2023
The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.
South State Correspondent
AUGUST 10, 2023
When banks talk about a “sidecar,” they speak about a modern, lightweight, real-time core system alongside a traditional core. The concept is that a “big bang” type conversion will never happen, so a slower, controlled transition is the path to getting a more modern core architecture. In this article, we argue why banks should consider a modern core system in the form of a sidecar as part of their long-term strategy.
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Payments Dive
AUGUST 10, 2023
“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.
Gonzobanker
AUGUST 10, 2023
It’s time for bank leaders to intentionally design a hybrid workplace that recognizes the new reality. As bank executives navigate rising rates, margin compression and recession risk in 2023, a striking reality has seeped into leadership meetings: the hybrid workplace is here to stay, and there’s a ton of strategic ramifications to this new aspect of the business.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Payments Dive
AUGUST 10, 2023
Jonathan Auerbach, PayPal’s chief strategy, growth and data officer, will step into an advisory role at the end of this year.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankUnderground
AUGUST 10, 2023
Marco Garofalo, Simon Lloyd and Edward Manuel The economic consequences of the Russia-Ukraine war have brought the importance of sharp changes in commodity prices, such as oil, to centre stage. While many have focused on understanding the impact of these developments on the central projection for the macroeconomic outlook, this post investigates the balance of risks arising from oil-supply shocks, asking: could these lead to more severe or persistent changes in output growth and inflation, in ra
CFPB Monitor
AUGUST 10, 2023
A unanimous panel of the U.S. Court of Appeals for the Ninth Circuit has ruled that text messages are not “prerecorded voice messages” for purposes of the Telephone Consumer Protection Act’s (TCPA) prohibition on using “an artificial or prerecorded voice” to make non-emergency calls to cell phone numbers without the called party’s consent.
BankUnderground
AUGUST 10, 2023
Marco Garofalo, Simon Lloyd and Edward Manuel The economic consequences of the Russia-Ukraine war have brought the importance of sharp changes in commodity prices, such as oil, to centre stage. While many have focused on understanding the impact of these developments on the central projection for the macroeconomic outlook, this post investigates the balance of risks arising from oil-supply shocks, asking: could these lead to more severe or persistent changes in output growth and inflation, in ra
CFPB Monitor
AUGUST 10, 2023
As expected, the U.S. Supreme Court’s ruling in the Students for Fair Admissions Inc.’s lawsuit against Harvard University and the University of North Carolina, which challenged the constitutionality of the universities’ race conscious admission policies, has quickly created a division along ideological lines as to what the ruling means for workplace diversity, equity, and inclusion (DEI) initiatives, including in the financial services industry.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
ATM Marketplace
AUGUST 10, 2023
Exchanging between currencies can be a challenge while traveling. ATMs are making this easier, alongside informative digital signage.
American Banker
AUGUST 10, 2023
Artificial intelligence can and should be integrated into the business of banking, but with adequate safeguards in place to mitigate the technology's potential vulnerabilities.
Bussman Advisory
AUGUST 10, 2023
Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: 1. PayPal rolls out stablecoin backed by U.S.
American Banker
AUGUST 10, 2023
The company is rolling out a special-purpose credit program to help address what it describes as "the biggest barriers to achieving homeownership." Such programs are gaining popularity among banks.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
BankInovation
AUGUST 10, 2023
The finance industry has seen a wave of bank mergers this year amid uncertain macroeconomic conditions and a high interest rate environment. First Citizens Bank acquired a part of Silicon Valley Bank, JPMorgan absorbed First Republic Bank, and last month PacWest Bank and Banc of California announced a merger.
American Banker
AUGUST 10, 2023
"Smart" contracts enable the Chicago-based trust bank to carry out deals without intermediaries, while archiving details on transactions that can be useful later. Experts say other banks could follow despite the complexities of cutting-edge technology and the risk of being hacked.
BankInovation
AUGUST 10, 2023
KeyBank will later this month roll out Early Pay, a tool that allows clients with direct deposits access to wages up to two days early. Early Pay will follow other digitally enhanced solutions and products the $188 billion bank began launching in May, according to a release.
American Banker
AUGUST 10, 2023
Citizens Bank of Edmond in Oklahoma, in conjunction with the digital-banking platform Narmi, recently launched an account-opening process that occurs completely online. The project, completed in less than three months, could be a model for community banks that want to innovate but fear being a low priority for vendors.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
The Paypers
AUGUST 10, 2023
Fintech Fime has announced that it’s been selected by Bangladesh Bank to help launch the nation’s domestic card scheme.
American Banker
AUGUST 10, 2023
Corporations are leaning harder on virtual cards as post-pandemic business travel ramps up amid hybrid work arrangements, according to a new Mastercard survey. Visa separately has extended its collaboration with virtual-card technology provider Conferma Pay.
TheGuardian
AUGUST 10, 2023
Riad Salameh accused of corrupt actions to enrich himself and associates ‘contributing to breakdown of the rule of law’ The US, Britain and Canada have announced sanctions against the former governor of Lebanon’s central bank, Riad Salameh, accusing him of corrupt actions to enrich himself and his associates. Salameh, in messages to Reuters, denied the allegations made by the three sanctioning countries and said he would challenge them.
American Banker
AUGUST 10, 2023
After eight years leading one of the nation's most prominent Black banks, Michael Pugh will become chief executive of the Local Initiatives Support Corporation.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
The Paypers
AUGUST 10, 2023
Asset World Corporation (AWC) has signed a memorandum of understanding (MoU) with Ant Group to launch multiple cross-border payments and digital financial solutions.
American Banker
AUGUST 10, 2023
The court ruled that the Federal Reserve did not have to provide information about other banks that had applied for master accounts.
The Paypers
AUGUST 10, 2023
Global KYC and IDV platform ComplyCube has upgraded its Document Authentication service with a new ID Liveness Layer to combat ‘screen replay attacks’
American Banker
AUGUST 10, 2023
Critics slam their proposed reach as unfair competition.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
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