New York enacts surcharge law
Payments Dive
JANUARY 3, 2024
The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.
Payments Dive
JANUARY 3, 2024
The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.
Perficient
JANUARY 3, 2024
The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. For brokers, in the financial services sector, remote work became especially difficult due to the requirement for firms to register and supervise all home office “branches.
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Payments Dive
JANUARY 3, 2024
New York Gov. Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry.
Abrigo
JANUARY 3, 2024
New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. You might also like this on-demand webinar, "How the AMLA & CTA will affect your AML program." WATCH NOW Introduction Changes to beneficial ownership reporting Takeaway 1 Effective Jan. 1, 2024, many companies must begin reporting information about who ultimate
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.
Payments Dive
JANUARY 3, 2024
The consulting firm’s global marketing head explained in an interview why a bank-backed digital wallet won’t be “the PayPal killer” and why the U.S. hasn’t seen a super app for payments.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Realwired Appraisal Management Blog
JANUARY 3, 2024
“Here Comes the Sun” by the Beatles repeats the phrase “It’s alright,” conveying a sense of reassurance that better days are on the horizon. But “Something in the Way” we approach our industry is missing. We all live in a “Yellow Submarine,” sometimes trapped in a rinse and repeat mindset. We need “Help!
American Banker
JANUARY 3, 2024
When you centralize a blockchain, you lose much of its inherent value. Acting Comptroller Michael Hsu's support for centralized tokenization betrays a misunderstanding of the value of decentralization.
TheGuardian
JANUARY 3, 2024
Five- and 10-year fixed-rate remortgage offers announced as lenders big and small reduce rates HSBC has become the latest big UK lender to announce across-the-board mortgage interest rate cuts, with leading names announcing reductions of up to one percentage point. The bank’s new deals announced on Wednesday include a headline-grabbing five-year fixed remortgage deal of 3.94% for those borrowing up to 60% of the property value.
American Banker
JANUARY 3, 2024
Since first partnering with the digital banking software firm Q2 in 2019, Hoosier Hills Credit Union in Bedford has seen significant growth in new account openings and deposit balances due to stronger payroll processing capabilities.
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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
JANUARY 3, 2024
Dubai Duty Free has announced its partnership with Alipay+ in order to leverage its tools for optimising the shopping experience of international visitors.
American Banker
JANUARY 3, 2024
Germany, traditionally a cash-heavy economy, is seeing a rise in debit card use. Meanwhile, Indian regulators accuse several crypto exchanges of violating anti-money-laundering rules.
BankInovation
JANUARY 3, 2024
Don Muir, chief executive of San Francisco-based digital bank Arc, will be featured in a fireside chat at Bank Automation Summit U.S. 2024 on Tuesday, March 19, at 10 a.m. CT, to discuss the digital bank’s strategy to scale with a tech-forward mindset.
American Banker
JANUARY 3, 2024
After announcing a deal to buy the entirety of SunSouth Bank in Dothan last year, All In now plans to take over another bank's branches in Brewton, Clayton, Eufaula, Geneva and Louisville.
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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
BankInovation
JANUARY 3, 2024
Eight in 10 financial institutions will migrate at least half their core systems to the cloud starting in 2024 in search of efficient operations, robust tech stacks and quick access to data.
American Banker
JANUARY 3, 2024
The North Carolina-based company said it expects to close about 4% of its branch network, or roughly 80 offices, by the end of the first quarter. The closures come amid Truist's $750 million cost-cutting initiative.
ABA Community Banking
JANUARY 3, 2024
Citing his leadership in advocacy and “his thoughtful, deliberate dedication to the essence of community banking,” BankBeat magazine has named Bryan Bruns — president and CEO of Lake Central Bank in Annandale, Minnesota — as its 2024 Banker of the Year. The post BankBeat names Bryan Bruns as ‘banker of the year’ appeared first on ABA Banking Journal.
American Banker
JANUARY 3, 2024
A resilient economy and the potential for interest rate cuts could infuse further bullish sentiment into markets and bolster the shares of small lenders.
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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.
BankInovation
JANUARY 3, 2024
Citi Treasury and Trade Solutions looked to tech providers in 2023 as it enhanced its platform and offerings.
American Banker
JANUARY 3, 2024
In a crowded market for mobile payment apps, the search giant hopes to expand its support of driver's licenses, providing a key method of authentication for more financial services.
The Paypers
JANUARY 3, 2024
UK-based D•One has partnered with Salad Money in order to provide its Open Banking services for the optimisation of the latter’s lending decision-making.
American Banker
JANUARY 3, 2024
The top five banks have an average global full-time employee headcount of more than 213,000.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
The Paypers
JANUARY 3, 2024
Lithuania-based regtech AMLYZE has announced its partnership with Berlin-based TransactionLink in order to optimise the overall landscape of AML and KYC automation.
South State Correspondent
JANUARY 3, 2024
One common question we field is recommendations of books to improve either bank performance or personal performance. Since many bankers likely have a self-improvement goal in their New Year’s resolutions, we wanted to put out our recommendations right from the start. To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites.
The Paypers
JANUARY 3, 2024
Singapore-based multi-currency e-wallet YouTrip has increased the stock and flow cap limits on its digital wallet and optimised its security solutions.
The Emmerich Group
JANUARY 3, 2024
I just did a seminar today where I asked people, “What’s your biggest challenge?” Accountability always seems to be number one whenever that question is asked. No matter the bank—it seems to be universal. Video: High-Performance Accountability Secret There is one key concept often missed regardless of what level you’re at on that continuum of Continue Reading The post High Performance Accountability Secret [VIDEO] appeared first on Emmerich Financial.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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