Payments Dive

MAY 16, 2024

Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.

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National 221

Gonzobanker

MAY 16, 2024

Digital metrics at banks and credit unions are not all trending up and to the right. But there are some bright spots. A new report on digital banking metrics and the impact that digital banking is having on banks reveals some positive developments, but also a host of troubling trends that should give bank executives cause for concern. The fourth edition of the Digital Banking Performance Metrics study from Cornerstone Advisors, commissioned by Alkami, captures digital banking metrics from banks

Digital Banking 117

Digital Banking Trends Study Mobile 117

Payments Dive

MAY 16, 2024

The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least two federal judges to pause CFPB rules, pending the high court's opinion.

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TheGuardian

MAY 16, 2024

Thirty-three constituencies, including two in London, will not have a single bank branch by the end of the year, says Which? The number of UK bank branches that have shut their doors for good over the last nine years will pass 6,000 on Friday, and by the end of the year the pace of closures may leave 33 parliamentary constituencies – including two in London – without a single branch.

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Community Groups 110

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

How To

Payments Dive

MAY 16, 2024

Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.

Payments 195

Payments Industry Report 195

Payments Dive

MAY 16, 2024

The warning comes as states and the federal government weigh options for regulating earned wage access products.

Connecticut 195

Connecticut Regulation 195

Jack Henry

MAY 16, 2024

FASB’s Accounting Standards Update (ASU) No. 2016-13 (more commonly referred to as CECL) was released earlier this year in June. At first look, the implementation dates for CECL are so far out that this project may not rank very high on a management team’s to-do list. Public business entities (PBEs) that are SEC registered have a regulatory reporting effective date March 31, 2020.

Management 78

Management Report Company 78

BankUnderground

MAY 16, 2024

Adam Brinley Codd, Daniel Krause, Pierre Ortlieb and Alex Briers We both drive cars, but the US drives on the right while the UK drives on the left. We both walk, but we do so on sidewalks in the US and pavements in the UK. We both have asset managers, who want to take leveraged positions in interest rates. US asset managers had around US$650 billion of long treasury futures in June 2023.

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Comparison US Strategy Marketing 88

American Banker

MAY 16, 2024

UMB Financial, Fulton Financial and Provident Financial Services have recently announced capital raises in connection with M&A deals. "They're setting a precedent," one consultant said.

Capital 88

Capital Community Bank Community Compliance 88

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BankInovation

MAY 16, 2024

To provide personalized customer experiences, TD Bank is developing AI technology, which has resulted in more patents for the company. “TD has filed more than 450 patent applications in relation to AI [since 2020],” Senior Vice President and Chief Architect Licenia Rojas said on May 15 during TD Tech and Innovation Day.

Customer Experience 67

Customer Experience Innovation Technology Company 67

American Banker

MAY 16, 2024

The Supreme Court ruled on Thursday that the Consumer Financial Protection Bureau's funding is constitutional and satisfies the requirements of the Appropriations Clause.

Policies 83

Policies Compliance Regulation 83

BankInovation

MAY 16, 2024

Southside Bank is looking to Jack Henry’s Enterprise Workflow solution to automate tasks, freeing up human resources and sparking innovation.

Texas 63

Texas Resources Innovation Operations 63

American Banker

MAY 16, 2024

The bank is connecting billers and brokerage accounts as it builds the case for instant funding. It also points to countries such as Brazil and India as models to follow.

Payments 80

Payments 80

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The Paypers

MAY 16, 2024

The payments industry has expressed concerns regarding the UK government's proposal to mandate reimbursement for scam victims.

Industry 73

Industry Payments 73

American Banker

MAY 16, 2024

The utility, under financial pressure following its involvement in the 2023 fires that ravaged Maui, reportedly is considering a sale of its profitable American Savings Banking unit. An executive declined to "speculate on any strategic transactions or alternatives.

Report 78

Report Community Bank Community 78

The Paypers

MAY 16, 2024

Chime has announced the launch of MyPay, a low cost offering that allows customers and members to access up to USD 500 of their pay before payday.

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American Banker

MAY 16, 2024

The work of the TD Invent group and Layer 6 AI, a startup TD bought in 2018, show how innovation teams at large banks can cut through the bureaucracy and fiefdoms that exist in every big company to deploy and scale new technology.

Software 73

Software Groups Innovation Technology 73

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Bussman Advisory

MAY 16, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post UBS CEO warns of risk from delaying Credit Suisse IT integration | BlackRock Bitcoin ETF surpasses rivals | Banco Santander suffers data breach appeared first on Bussmann Advisory AG.

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Bitcoin Data Fintech blockchain 52

American Banker

MAY 16, 2024

The Securities and Exchange Commission, having already approved spot bitcoin ETFs, ought to follow through and grant the same approval to spot ethereum funds. Doing so would create a new surge of investment, with positive economic impacts.

Bitcoin 68

Bitcoin Security cryptocurrency 68

TheGuardian

MAY 16, 2024

The Treasury has been quietly selling off the government’s stake at ever-higher prices on a rising market. Why mess with that? The government’s plan to sell shares in NatWest to the general public is so advanced that the odds on the chancellor pulling the plug on a pet project are slim. Investment bankers from Barclays and Goldman Sachs are doing their well-remunerated stuff, and M&C Saatchi is knocking up some adverts.

Retail 73

Retail Marketing Groups 73

Realwired Appraisal Management Blog

MAY 16, 2024

Where were you when you first used rub on subject arrows in an appraisal? How about using double-sided sticky tape to apply subject photos in hard copy reports? Microfiche. Ugh! These three processes seem insane to an appraiser in 2024. Then why are so many appraisers reluctant to invest in modern technology?

Technology 45

Technology Report 45

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The Paypers

MAY 16, 2024

Mastercard has announced its partnership with the Cooperative Bank of Oromia in order to launch optimised solutions and boost financial inclusion in Ethiopia.

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American Banker

MAY 16, 2024

The Senate Thursday joined the House in passing a resolution to overturn the SEC's SAB 121 accounting guidance for financial firms holding crypto in custody. President Biden has vowed to veto the measure.

Policies 36

Policies cryptocurrency Compliance Regulation 36

The Paypers

MAY 16, 2024

Global booking platform for beauty services Booksy has enabled Tap to Pay On iPhone for its users, augmenting in-person transactions by turning smartphones into POS terminals.

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American Banker

MAY 16, 2024

Executives at the Canadian bank, which recently took a major provision for potential fines, say they're working to shore up anti-money laundering controls. At the same time, they're preparing employees and investors for an expensive slog as they work to satisfy U.S. officials.

Compliance 28

Compliance Regulation 28

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