Thu.Mar 07, 2024

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Apple blocks Epic’s rival app store

Payments Dive

“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The striking thing about the conference was not the magician hired to walk around the booths during Monday’s reception or the illustrator seated right next to a sign created by artificial intelligence on Sunday’s welcome gathering, it was the event’s meeting pit: a section in the exhibit hall that was dedicated to taking short meetings that the mobile app as

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Capital One angles to push Discover upmarket

Payments Dive

With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.

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This week’s podcast episode: U.S. Supreme Court hears two cases in which plaintiffs seek to overturn Chevron judicial deference framework: Who will win and what does It mean? Part I

CFPB Monitor

On January 17, 2024, the U.S. Supreme Court heard oral argument in two cases in which the question presented is whether the Court should overrule its 1984 decision in Chevron, U.S.A., Inc. v. Nat. Res. Def. Council, Inc. That decision produced what became known as the “ Chevron judicial deference framework”–the two-step analysis that courts typically invoke when reviewing a federal agency’s interpretation of a statute. .

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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PayPal CEO prioritizes bettering branded services

Payments Dive

Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.

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How payments tech is helping farmers' markets go digital

American Banker

To serve an increasingly online audience, POS Nation has acquired agriculture e-commerce platform GrazeCart, an example of vendors joining forces to adapt to shifts in the agriculture industry.

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TD rolls out Tap to Pay for iPhone

BankInovation

TD Bank is targeting microbusiness payments with the launch of its Tap-to-Pay solution that helps turn iPhones into point-of-sale machines. The solution will be rolled out across the U.S.

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FDIC reports bumpy 4Q for banks, warns of credit risks ahead

American Banker

Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages. Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says.

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Academy Bank’s AI playbook

BankInovation

Academy Bank is investing in AI this year to ensure that its operations are more efficient and more useful for the end user. “Our top goal for the year is to innovate for success, and AI is really at the center of that,” Chief Executive Paul Holewinski told Bank Automation News.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Grasshopper Bank finds compliance time saver: Generative AI

American Banker

The New York bank has deployed generative artificial intelligence from Greenlite to help analysts do enhanced due diligence on clients with higher risk ratings.

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Quarterly Banking Profile: Banking net income nearly $257B in 2023

ABA Community Banking

The banking industry reported full-year 2023 net income of $256.9 billion, down $6 billion, or 2.3%, from the prior year, but still well above the pre-pandemic average, according to the FDIC’s most recent Quarterly Banking Profile. The post Quarterly Banking Profile: Banking net income nearly $257B in 2023 appeared first on ABA Banking Journal.

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Chamber, bank trade groups sue the CFPB over credit card late fee rule

American Banker

The lawsuit against the Consumer Financial Protection Bureau was filed just two days after the bureau finalized a rule to cut credit card late fees to $8 from $32.

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Stress tested

ABA Community Banking

Bankers look back on the bank failures of spring 2023 and share some lessons learned and strategies for success. The post Stress tested appeared first on ABA Banking Journal.

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The State of Automation in Financial Services 2024 Report

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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Biden nods to 'junk fee' rule, housing in State of the Union

American Banker

In his State of the Union address, President Joe Biden touted the Consumer Financial Protection Bureau's credit card late fee rule, which has sparked litigation from banking groups, and a raft of housing policy initiatives.

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Payplug, CB launch service for e-merchants

The Paypers

France-based omnichannel payment solution Payplug and Cartes Bancaires (CB) have announced the launch of a service that intends to improve payments for e-merchants.

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Powell: Basel III is not the Fed's answer to Silicon Valley Bank

American Banker

During a contentious exchange on his second day of congressional testimony this week, the Federal Reserve chair drew a line between the central bank's response to last year's bank failures and its current capital proposal.

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Ecommpay to present full-stack ecommerce offering at MPE 2024

The Paypers

UK-based international payments service provider Ecommpay has announced its plans to present its full-stack payment solution at the Merchant Payments Ecosystem (MPE) event.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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How to Avoid the “Middle Management Meltdown” [VIDEO]

The Emmerich Group

I believe that when middle managers master management, the resulting breakthroughs are profound and sustainable. In this episode, I’m going to share with you how to overcome what I call “the middle management breakdown”—the block that keeps executives’ dreams from being the reality executed by the front-line team members. If you’re the kind of leader who worries that perhaps your managers act more like “individual contributors” and don’t do nearly enough to maximize the results of their team m

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PayTabs augments KSA public sector payment solutions

The Paypers

Payment orchestration platform PayTabs has integrated key national payment methods in The Kingdom of Saudi Arabia (KSA) to complete its payment platform.

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MoneyLion roars ahead with positive earnings

American Banker

MoneyLion saw continued financial growth in 2023, achieving four straight quarters of positive earnings. In 2024, it plans to develop a partnership with EY to bolster its enterprise services.

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Allianz Trade introduces Allianz Trade pay

The Paypers

Insurance company Allianz Trade has announced the launch of a new range of services, Allianz Trade pay, customised for Business-to-Business (B2B) ecommerce activities.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Huntington unveils new expansion push into Texas

American Banker

The Columbus, Ohio, regional bank will focus first on Dallas before venturing statewide. Its move into the Lone Star State comes three months after announcing a similar initiative in the Carolinas.

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Mastercard and First Abu Dhabi Bank announce long-term global partnership

The Paypers

Mastercard and First Abu Dhabi Bank have announced an exclusive long-term global partnership, building on their collaboration in the EEMEA region.

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How Klarna's IPO prep got tangled up in a boardroom drama

American Banker

Klarna in January had appointed a new executive from the venerable venture fund Sequoia Capital to the board: Matthew Miller. Within weeks, though, Miller was looking to make governance changes and sought to oust Klarna's longtime chairman — and former Sequoia heavyweight — Michael Moritz.

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Mox partners with Wise

The Paypers

Hong Kong-based Mox has announced its partnership with Wise to launch low-cost, secure, and transparent international payments directly from the Mox application.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.