Payments Dive

AUGUST 9, 2023

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

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Cards New York 195

BankInovation

AUGUST 9, 2023

IBM has automated the training model process to allow enterprise clients, including financial institutions, to use generative AI in a safe and compliant way that can be implemented and scaled quickly. “Conventional machine learnings, as good as they are, take a huge amount of time.

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Training 98

Payments Dive

AUGUST 9, 2023

The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

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Regulation Payments 195

BankInovation

AUGUST 9, 2023

Registration is now live for the upcoming Bank Automation News webinar Global Ideas for Better Banking AI, set for Thursday, Sept. 14, at 11 a.m. ET. The webinar will focus on how financial institutions are approaching AI, open- and closed-source solutions and regulatory considerations.

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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.

US

Payments Dive

AUGUST 9, 2023

The company and CFO Mike Ellis “have come to a mutual understanding that the next phase of growth for Flywire needs new leadership in the Finance, Global Treasury & Public Markets area,” a spokesperson said of Ellis’s exit.

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Leadership Marketing Company 195

Payments Dive

AUGUST 9, 2023

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

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Fintech Cards 195

CFPB Monitor

AUGUST 9, 2023

In January 2023, the CFPB filed a lawsuit in a New York federal district court jointly with the New York Attorney General (NYAG) against an auto finance company alleging violations of the Consumer Financial Protection Act (CFPA) and New York law. The CFPB and NYAG both allege that the defendant violated the CFPA by engaging in deceptive and abusive acts or practices and substantial assisting CFPA violations by the defendant’s affiliated auto dealers. .

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New York Company 78

TheGuardian

AUGUST 9, 2023

Rolling coverage of the latest economic and financial news Risk of UK recession at next general election is 60%, says thinktank Chinese economy slips into deflation as recovery falters and demand slows Europe’s Stoxx 600 shares indes has risen to its highest level in a week, lifted by Italian banks after Rome said it would cap its new windfall tax. Shares have risen in London in morning trading, with the FTSE 100 index gaining 56 points or 0.75% to 7583 points. “ European markets are trading hig

Taxes 83

Taxes US Marketing 83

CFPB Monitor

AUGUST 9, 2023

Last week, we published a blog post urging the CFPB to agree to extend the relief granted by the Texas federal district court in the lawsuit challenging the CFPB’s final small business lending rule (Rule) to all entities covered by the Rule. The plaintiffs in the case are the Texas Bankers Association (TBA), the American Bankers Association (ABA), and Rio Bank, McAllen, Texas. .

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Texas Lending 78

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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

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American Banker

AUGUST 9, 2023

The Seafarers International Union sued Bank of America's senior managers and board alleging breach of their fiduciary duty in managing a prepaid debit card program that distributed unemployment benefits during the pandemic.

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Fraud America Cards Management 69

The Paypers

AUGUST 9, 2023

US-based Bitcoin payments company BitPay has rolled out Bill Pay, a solution that allows cryptocurrency users to pay bills straight from their crypto wallets.

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cryptocurrency Bitcoin Payments US 68

American Banker

AUGUST 9, 2023

The nearly $81 million plan to buy Community Financial Group in Spokane, Washington, would mark the 13th acquisition in the past decade for Glacier. The Montana-based bank has more than tripled in size during that time.

Montana 69

Montana Washington Community Groups 69

TheGuardian

AUGUST 9, 2023

Apparent backtrack to fifth of level of assets analysts had estimated follows fall in shares on Tuesday Business live – latest updates Italy has watered down its new windfall tax on banks and set a cap on payouts, after the surprise levy spooked investors and sent shares in local lenders plunging. The country’s rightwing government, led by the prime minister, Giorgia Meloni, appeared to backtrack on terms of the windfall tax, less than 24 hours after it was announced.

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Taxes Marketing 61

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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

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American Banker

AUGUST 9, 2023

The deal with private equity firm KKR follows an earlier announced sale of $1.3 billion in medical office loans. The Columbus, Georgia-based company has said it's "proactively optimizing the balance sheet" to position itself for long-term growth.

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Columbus Georgia Company Lending 67

The Paypers

AUGUST 9, 2023

Global video game commerce company Xsolla has partnered with Crypto.com to integrate the latter’s checkout solution into Xsolla's Pay Station platform.

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Video Company 67

American Banker

AUGUST 9, 2023

The fintech's second-quarter results showed narrowing losses as well as membership and revenue growth, even as it took on marketing expenses and paid a data breach settlement.

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Fintech Data Marketing Technology 67

The Paypers

AUGUST 9, 2023

Canada-based B2B BNPL solution provider Tabit and US-based fintech Jifiti have partnered to extend embedded B2B lending to merchants in Canada.

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Lending Fintech US 67

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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.

Lending

American Banker

AUGUST 9, 2023

In its resurrection, the terminal maker will pursue financial inclusion and growth markets for ATMs as it prepares for its relisting on the New York Stock Exchange.

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New York ATM Marketing Payments 69

BankInovation

AUGUST 9, 2023

E-commerce giant Amazon and global payments provider Fiserv have teamed up to offer reward points for Amazon web and mobile app shoppers last month. The program allows Amazon customers to link debit and credit cards from 200 financial institutions to their Amazon accounts to collect and redeem points on Amazon, according to Fiserv.

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Mobile Cards Payments 52

American Banker

AUGUST 9, 2023

In global news this week, Microsoft is working with the London Stock Exchange Group on artificial intelligence, Apple's mobile wallet debuts in Vietnam, and more.

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Apple Groups Mobile Technology 69

TheGuardian

AUGUST 9, 2023

Josephine Culhane on technology’s pitfalls; plus letters from Wally Harbert and David Ward I was nodding my head vigorously in agreement when I read your editorial ( The Guardian view on the digital divide: a growing problem that must be taken seriously, 6 August ). An hour later I was having a telephone conversation with your subscription team about the fact that I could no longer have my subscription vouchers for the Guardian.

Technology 56

Technology 56

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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.

Lending

American Banker

AUGUST 9, 2023

BNY Mellon, U.S. Bank and others are looking at how the Federal Reserve's instant settlement network could safely speed up routing, payroll and billing.

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Payments 69

The Paypers

AUGUST 9, 2023

Binance has secured full cryptocurrency exchange licenses in El Salvador, a pioneering move in its global regulatory endeavours.

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Security cryptocurrency 68

American Banker

AUGUST 9, 2023

The real threat is from undercapitalized banks, and regulators must require large banks to have enough capital to eliminate that threat.

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Capital Regulation Community Bank Community 69

The Paypers

AUGUST 9, 2023

UK-based digital lending marketplace Freedom Finance has added personal loans from Reevo Money to its lending panel.

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Lending 68

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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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