Payments Dive
FEBRUARY 12, 2024
Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.
Jeff For Banks
FEBRUARY 12, 2024
Be curious. That's how I approach Twitter ("X"). Yes, there are some dumpster fire opinions. But then again, there are some real valuable insights that I and we can learn from. And this most recent string by bank analyst Perry Weinstein is one of them that I thought should not be lost to a tweet stream. Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense o
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Payments Dive
FEBRUARY 12, 2024
“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.
CFPB Monitor
FEBRUARY 12, 2024
The American Fintech Council (AFC), a trade group whose members include providers of earned wage access (EWA) products, has sent a letter to Director Chopra urging the CFPB to take steps towards development of a “pragmatic regulatory approach” for regulating EWA products. In its letter, AFC discusses the “patchwork approach” to regulating EWA products that is emerging at the state level. .
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
FEBRUARY 12, 2024
The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 12, 2024
The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.
American Banker
FEBRUARY 12, 2024
Heartland Tri-State Bank, which failed after its CEO allegedly embezzled money to fund cryptocurrency investments, received $21 million in advances from the Federal Home Loan Bank system prior to failure.
BankInovation
FEBRUARY 12, 2024
Investors expect funding activity to rebound in 2024 following a year of uncertain macroeconomic conditions. In 2023, global fintech equity deals amounted to $39.2 billion, compared to $78.6 billion in 2022, recording a 50% year-over-year drop, according to a Jan. 18 State of Fintech report by CB Insights, a data intelligence company.
American Banker
FEBRUARY 12, 2024
Fintechs that "bank" children and teens should collect far less data about their young users, erase it sooner and be more transparent in policies that are often buried, say privacy advocates.
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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
BankInovation
FEBRUARY 12, 2024
J.P. Morgan Payments introduced its omnichannel checkout solution in January to offer a retail shopping experience that is native across shopping channels. “Merchants need to provide journeys that natively go across channels,” Jean-Marc Thienpont, managing director of omnichannel and biometric solutions at J.P. Morgan Payments, told Bank Automation News.
American Banker
FEBRUARY 12, 2024
In the largest deal based on the bank's assets announced since January 1, 2023, the credit union has nearly $12 billion in total assets and the target bank more than $1.5 billion in total assets.
The Paypers
FEBRUARY 12, 2024
Cryptocurrency exchange OKX has announced its expansion into the Argentinian market as part of its ongoing strategy to tap the Latin American market.
American Banker
FEBRUARY 12, 2024
A new generative artificial intelligence tool from Ncontracts can assist in summarizing lengthy agreements with fintech partners and identifying important clauses.
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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
TheGuardian
FEBRUARY 12, 2024
A ‘Britcoin’ would trade convenience for societal dangers that hard cash keeps in check Two years ago, the House of Lords looked into whether the Bank of England should issue digital pounds to be held in electronic wallets. Peers were unconvinced, asking if this wasn’t “ a solution in search of a problem ”. Last December, MPs on the Treasury select committee said the same thing.
American Banker
FEBRUARY 12, 2024
The megabank recently received three notices of matters requiring immediate attention, and it also failed regulatory exams, Reuters reported. Since 2020, Citigroup's regulators have been pressuring the company to clean up its risk management systems.
The Paypers
FEBRUARY 12, 2024
Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.
American Banker
FEBRUARY 12, 2024
The nation's largest credit union allegedly engaged in racial discrimination resulting in calls for further investigations and regulations. Had Navy Federal been subject to the Community Reinvestment Act it may have avoided this problem.
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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.
Commercial Lending USA
FEBRUARY 12, 2024
FHA/ HUD LoansCommercial Lending USA is proud to offer FHA/HUD loans ranging from $2 million to $100 million. With our strong relationships with larger lenders and in-depth understanding of HUD’s evolving regulations and policies, we are well-equipped to guide our clients through the complex loan process successfully. We provide diverse FHA lending solutions for refinancing, acquisition, rehabilitation, and new construction across various sectors, including nursing homes, assisted living facilit
American Banker
FEBRUARY 12, 2024
Most large banks now have a C-suite officer overseeing AI. Here's why and what such a job entails.
The Paypers
FEBRUARY 12, 2024
Moneyhub has announced that it has been named as a supplier of CCS’s Open Banking Dynamic Purchasing System framework for the UK government.
American Banker
FEBRUARY 12, 2024
Mastercard, Visa and American Express are reportedly preparing to add merchant codes to identify firearm purchases, forcing the networks to straddle a hot-button issue in an election year.
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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
FEBRUARY 12, 2024
US-based crypto custodian BitGo has announced the acquisition of Brassica , a provider of investment infrastructure for private securities and alternative investments.
American Banker
FEBRUARY 12, 2024
With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
The Paypers
FEBRUARY 12, 2024
American corporation Visa has extended digital wallet capabilities within its suite of B2B payment solution, Visa Commercial Pay, as well as its availability.
ABA Community Banking
FEBRUARY 12, 2024
Conference attendees will also hear from the presidents and senior leadership from all 11 Federal Home Loan Banks and attend sessions on core platforms, FedNow, artificial intelligence and cybersecurity, small business lending and more. The post Bowman, Hsu to speak at ABA’s Conference for Community Bankers appeared first on ABA Banking Journal.
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