Payments Dive
OCTOBER 25, 2023
Pay attention to how legacy vendors are integrated after an acquisition, treat internal data sharing requests as cyber risks and don’t let staff test systems using real data.
South State Correspondent
OCTOBER 25, 2023
After Brief Rally, Treasury Yields Head Higher Again Treasury yields are moving higher once again this morning as the Treasury’s expected announcement next week of increased auction sizes is starting to weigh on markets, and the lates PMI and new home sales offer little indication of a slowing fourth quarter economy. Presently, the 10yr is yielding 4.91%, down 20/32nds in price while the 2yr is yielding 5.09%, down 1/32nd in price.
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Payments Dive
OCTOBER 25, 2023
Fiserv CEO Frank Bisignano said Tuesday that his company is now PayPal’s “core U.S. partner for payment services.
Jack Henry
OCTOBER 25, 2023
To gather deposits & remain competitive, invest in digital enhancements. Click to read tips to combine deposit, digital, & payment strategies serving GenZ.
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
OCTOBER 25, 2023
The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
OCTOBER 25, 2023
The card network’s CEO on Tuesday backed a recent Consumer Financial Protection Bureau proposal on open banking, but was more circumspect about Fed moves on debit rules.
TheGuardian
OCTOBER 25, 2023
Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024 UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast. The lender, which owns Halifax and is Britain’s largest mortgage provider, said that by the end of 2023 UK house prices will have fallen 5% over the course of the year and are likely to fall another 2.4% in 2024.
American Banker
OCTOBER 25, 2023
A selloff of the French company's shares sparked similar issues at other publicly traded payments firms in Europe. The question is whether the underlying issues — inflation and fears of recession — are severe enough to drag down American companies as well.
BankInovation
OCTOBER 25, 2023
Deutsche Bank is pulling back on costs to boost efficiency through reducing headcount, streamlining front-to-back processes and shrinking the bank’s footprint. The Frankfurt, Germany-based bank aims to save 2.5 billion euros ($2.6 billion) annually by 2025, according to its third-quarter 2023 earnings supplement.
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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
American Banker
OCTOBER 25, 2023
The fintech Greenlight Financial has formed a CUSO to expand access to its family banking app and educational resources after strong interest from credit unions.
BankInovation
OCTOBER 25, 2023
Banco Santander focused on efficiency and technology in the third quarter with the ongoing implementation of its One Transformation plan. One Transformation is a common operating business model, across retail and commercial banking that is improving the bank’s customer service and profitability, Chief Executive Hector Grisi said today during the bank’s earnings call.
American Banker
OCTOBER 25, 2023
The Oklahoma-based bank is projecting a modest uptick in spending alongside continuing loan growth. Many other banks are tightening the purse strings amid weaker loan demand.
BankInovation
OCTOBER 25, 2023
Payments behemoth Mastercard has joined forces with JPMorgan Chase to provide customers with a pay-by-bank option. Pay-by-bank can be used by billers for recurring payments like rent, utilities, health care and tuition, among others, according to an Oct. 20 Mastercard release.
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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
The Paypers
OCTOBER 25, 2023
Emerging markets payment provider dLocal has partnered with ACE Money Transfer to offer instant, secure, and cost-effective remittances in APAC and EMEA.
American Banker
OCTOBER 25, 2023
Commonwealth Bank of Australia is examining how it can use generative artificial intelligence to simulate customers testing products, and U.S. Bancorp's Elavon unit receives a financial services license from the Bank of England.
The Paypers
OCTOBER 25, 2023
Home rental platform Airbnb has partnered with Klarna to launch the Pay Over Time with Klarna system in Australia.
American Banker
OCTOBER 25, 2023
Banking executives anticipate that loan demand will remain muted over the next 12 months, according to a new survey by the financial services firm IntraFi. That finding lines up with bankers' expectation that rates won't start declining until at least the second half of 2024.
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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.
The Paypers
OCTOBER 25, 2023
US-based blockchain and crypto solutions company Ripple has partnered with Uphold to improve the former’s cross-border payments infrastructure.
American Banker
OCTOBER 25, 2023
As financial institutions increasingly rely on artificial intelligence for anti-money-laundering and fraud detection, they face challenges in meeting regulators' demands for complete transparency and documentation.
The Paypers
OCTOBER 25, 2023
UK-based data intelligence platform Bud Financial (Bud) has partnered with Blackbullion to enhance the latter’s financial well-being solutions for higher education students.
American Banker
OCTOBER 25, 2023
A Federal Reserve rule that kicked in during July altering how debit cards are routed online hasn't yet hurt Visa's U.S. transaction volume, which surged across consumer, commercial and cross-border channels during the quarter that ended Sept. 30.
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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
OCTOBER 25, 2023
MoneyCollect has expanded its solutions in the Middle East and South America in order to foster financial inclusion and simplify payment processes in emerging markets.
American Banker
OCTOBER 25, 2023
The change would lower the maximum fee on a $50 debit transaction from 24.5 cents to 17.7 cents. The central bank points to lower processing costs for card issuers in recent years.
The Paypers
OCTOBER 25, 2023
UK-based global cross-border payments network TerraPay has partnered with Nequi by Bancolombia , in order to optimise remittance for customers in Colombia.
American Banker
OCTOBER 25, 2023
Banks and dissenting policymakers have raised the possibility of challenging regulators' Community Reinvestment Act overhaul in court, but it remains unclear whether they intend to walk the walk.
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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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