TheGuardian

DECEMBER 4, 2023

A number of community organisations say they were left struggling after bank closed or froze accounts ‘without warning’ Some charities, churches and other community groups have described being thrown into financial disarray after Barclays shut or froze their bank accounts without warning. Several of the organisations affected, which include charities helping young people, and a Methodist church in the midst of significant building works, have banked with Barclays for over 20 years.

Community 103

Community Groups 103

Payments Dive

DECEMBER 4, 2023

Leaders are confronting growing challenges across their payment operations.

Payments 396

Payments Fintech Operations 396

CFPB Monitor

DECEMBER 4, 2023

Tomorrow, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.” The witnesses will be: Valerie A. Szczepanik, Director of the Strategic Hub for Innovation and Financial Technology (FinHub), Securities and Exchange Commission Donna Murphy, Acting Deputy Comptroller for the Office of Financial Techn

Innovation 78

Innovation Financial Technology Policies Compliance 78

Payments Dive

DECEMBER 4, 2023

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

US 259

US Fintech Retail Operations 259

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CFPB Monitor

DECEMBER 4, 2023

In September 2023, the CFPB announced that it was launching a Fair Credit Reporting Act rulemaking and issued an outline of the proposals it is considering in preparation for convening a Small Business Advisory Review Panel. A group of consumer financial industry trade groups recently sent a letter to Director Chopra urging the CFPB to issue an Advanced Notice of Proposed Rulemaking (ANPR) before it publishes a Notice of Proposed Rulemaking.

Groups 78

Groups Report Industry 78

American Banker

DECEMBER 4, 2023

United Federal Credit Union plans to enter the state through a merger next year, and that could be a problem for Keystone-state banks and credit unions that are already struggling to grow.

Pennsylvania 88

Pennsylvania Michigan Marketing 88

Payments Dive

DECEMBER 4, 2023

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

Fraud 195

Fraud Strategy Retail 195

American Banker

DECEMBER 4, 2023

The number of government-backed home loans transferred from one borrower to another is up significantly this year as prospective buyers look for ways to avoid elevated interest rates. Some say this is the beginning of a larger movement, but others say regulatory hurdles will get in the way.

Policies 85

Policies Compliance Regulation 85

Payments Dive

DECEMBER 4, 2023

From increased expense visibility and control to added efficiencies and rebates, a commercial card is more than a card—it’s a strategic component of your financial strategy.

Cards 195

Cards Strategy 195

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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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The Paypers

DECEMBER 4, 2023

Cooperative Financial Network has pioneered a new procedure for Request-to-Pay, a digital invoicing solution, minimising costs and shaping the future of European transactions.

Payments 85

Payments 85

Jack Henry

DECEMBER 4, 2023

Explore game-changing fraud solutions & cybersecurity insights from Jack Henry Connect 2023

Fraud 88

Fraud Technology Security Innovation 88

BankInovation

DECEMBER 4, 2023

BNP Paribas aims to develop 1,000 AI use cases by 2025. The $2.6 trillion, Paris-based bank has been using AI for years and already has 700 uses for the technology, including 26 generative AI models in testing, a BNP spokesperson told Bank Automation News.

Technology 70

Technology 70

American Banker

DECEMBER 4, 2023

Bank customers' complaints of sudden account closures track a rise in automated anti-money-laundering decisions and possibly outdated AML rules.

Technology 81

Technology 81

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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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BankInovation

DECEMBER 4, 2023

Digital lending startup funding drove global fintech funding rounds during the third quarter as automated lending strategies gained investor attention. Funding for these startups reached $1.7 billion in Q3, up 70% sequentially, according to CB Insights’ State of Fintech Q3 report published in October.

Lending 66

Lending Fintech Strategy Report 66

American Banker

DECEMBER 4, 2023

Early Warning Services, which operates the peer-to-peer network, is among the latest to take a creative approach to educating consumers about the relentless onslaught of fraud schemes.

Fraud 56

Fraud Operations Payments 56

The Paypers

DECEMBER 4, 2023

Wise Platform , Wise’s global payment infrastructure for banks and big enterprises, has partnered with UK-based fintech Allica Bank to augment money movement for UK businesses.

Payments 53

Payments Fintech 53

American Banker

DECEMBER 4, 2023

The two companies announced the deal more than a year ago and had anticipated closing it in the first half of 2023. But advocacy groups have urged regulators to withhold approval, arguing that it will hurt consumers.

Regulation 45

Regulation Groups Company Community Bank 45

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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

The Paypers

DECEMBER 4, 2023

Embedded banking software company Treasury Prime has partnered with Effectiv to provide enterprises and banks with fraud detection and prevention capabilities.

Fraud 48

Fraud Software Company 48

American Banker

DECEMBER 4, 2023

In reality, central bank digital currencies would provide only some of the benefits of a real cryptocurrency and would have numerous drawbacks.

cryptocurrency 52

cryptocurrency Compliance Regulation Payments 52

The Paypers

DECEMBER 4, 2023

Adyen has strengthened its global partnership with Klarna , for the latter to benefit from Adyen’s acquiring capabilities to simplify card payments for Klarna's customers.

Cards 41

Cards Payments 41

American Banker

DECEMBER 4, 2023

The Pennsylvania bank has agreed to sell its Exchange Underwriters subsidiary to World Insurance Associates for $30.5 million, saying that the deal will help pad its capital and liquidity.

Pennsylvania 41

Pennsylvania Capital Community Bank Community 41

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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

The Paypers

DECEMBER 4, 2023

Identity tech and biometric solution provider IDEMIA has expanded its partnership with INTERPOL , providing an enhanced Multibiometric Identification System to support its 196 member countries.

System 41

System 41

American Banker

DECEMBER 4, 2023

Banks including Morgan Stanley, HSBC, Goldman Sachs and JPMorgan Chase have announced individual sustainable finance targets for 2030 that range from $750 billion to $2.5 trillion. Yet such statements leave investors with little real insight into the very different ways in which banks are defining what's sustainable.

America 36

America Industry 36

The Paypers

DECEMBER 4, 2023

UK-based financial services company Unlimit has announced its partnership with UnionPay International in order to accelerate the growth of Unimit’s BaaS platform.

Company 41

Company 41

American Banker

DECEMBER 4, 2023

Barofsky, a former inspector general of the Troubled Asset Relief Program and frequent Wall Street critic, was removed as ombudsman by Credit Suisse in November 2022.

Industry 36

Industry 36

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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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