Payments Dive

DECEMBER 15, 2023

Sen. Roger Marshall acknowledged the Credit Card Competition Act bill may not get a vote this year, but he intends to keep pushing for passage in 2024.

Cards 434

Cards 434

TheGuardian

DECEMBER 15, 2023

Independent review, launched after Nigel Farage’s complaints, finds bank may have breached procedural rules An independent review has found no evidence that NatWest Group’s private bank Coutts has been closing customer accounts due to their political views, but found it may have breached rules by failing to give due notice or explain why they were being shut.

Report 111

Report Groups 111

Payments Dive

DECEMBER 15, 2023

Serial entrepreneur and tech executive Simon Khalaf is known for his boundless enthusiasm and energy. Now, the Marqeta CEO is tasked with taking the card issuing fintech to the next level amid increased competition and an uncertain economic climate.

Fintech 312

Fintech Cards 312

ATM Marketplace

DECEMBER 15, 2023

Cybersecurity needs to be at the top of the agenda for every industry. This is especially the case for the financial institutions which are always in the cross hairs of cyber criminals and fraudsters.

Cyber Security 98

Cyber Security Security Industry 98

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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Payments Dive

DECEMBER 15, 2023

The card network giant said it plans to purchase a controlling interest in Prosa, with banks retaining a minority stake, subject to regulatory approvals.

Payments 307

Payments Cards 307

Payments Dive

DECEMBER 15, 2023

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

Fraud 259

Fraud Tools System Payments 259

ATM Marketplace

DECEMBER 15, 2023

Cybersecurity needs to be at the top of the agenda for every industry. This is especially the case for the financial institutions, which are always in the cross hairs of cyber criminals and fraudsters.

Industry 86

Industry 86

CFPB Monitor

DECEMBER 15, 2023

On December 13, 2023, the Congressional Research Service issued a report titled How the Credit Card Competition Act of 2023 Could Affect Consumers, Merchants, and Banks highlighting potential issues for Congress. As we previously blogged , Senator Dick Durbin and Representative Lance Gooden introduced “The Credit Card Competition Act of 2023” (a/k/a Durbin 2.0) to regulate interchange fees on credit cards by requiring certain credit card issuers with over $100 billion in assets to enable at lea

Report 78

Report Industry Cards Regulation 78

BankInovation

DECEMBER 15, 2023

Wealthtech giant Envestnet is reportedly exploring the sale of its data aggregation subsidiary Yodlee as it aims to refocus strategic operations. A potential sale, first reported on Dec. 13 by Bloomberg News, could generate between $300 million and $400 million for Envestnet, according to a JPMorgan report published Dec. 14.

Data 70

Data Operations Report Management 70

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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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Commercial Lending USA

DECEMBER 15, 2023

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

Lending 76

Lending Resources 76

American Banker

DECEMBER 15, 2023

Across the industry, the pace of branch shutdowns slowed this year. Still, large financial institutions continued to trim their physical footprints, with two super-regional banks taking the most aggressive actions.

Regional 74

Regional Industry Groups Management 74

BankInovation

DECEMBER 15, 2023

Meriwest Credit Union’s AI-driven chatbot, Scout, powered by Kasisto’s KAI digital assistant platform, launched in February and accomplished the work of two, full-time, call center employees within its first two weeks.

Digital Banking 63

Digital Banking 63

American Banker

DECEMBER 15, 2023

The Connecticut bank agreed to pay $350 million to acquire Ametros Financial, a custodian and administrator of medical funds from insurance claim settlements. Some analysts see the deal as a signal that Webster does not plan to sell its health savings account business, which has been the subject of recent speculation.

Connecticut 74

Connecticut 74

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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

Report

The Paypers

DECEMBER 15, 2023

The Paypers has launched the fifth edition of the Cross-Border Payments and Ecommerce Repor t , offering a comprehensive analysis of the current landscape and developing trends.

Report 69

Report Analysis Payments Trends 69

American Banker

DECEMBER 15, 2023

The roundup of top banking tech news for 2023: Ally Bank's path into the world of generative artificial intelligence, JPMorgan Chase's fallout from its deal with the college financial-planning website, banks across the U.S. increasingly fell victim to cyber attacks and more.

Industry 74

Industry Technology Fintech 74

The Paypers

DECEMBER 15, 2023

British Business Bank has launched an asset-based lending version of the Recovery Loan Scheme to make it easier for businesses to access finance.

Lending 69

Lending 69

American Banker

DECEMBER 15, 2023

New York Gov. Kathy Hochul signs a law banning medical debt on credit reports; PayPal's former CEO Dan Schulman will exit the board; community banks boost small-business loan approvals; and more in the weekly banking news roundup.

New York 69

New York Community Bank Community Report 69

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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 15, 2023

Qatar-based Lesha Bank has migrated to Temenos ’ core banking platform in order to optimise its overall wealth management and investment banking products.

Management 48

Management 48

American Banker

DECEMBER 15, 2023

A near-final framework released this week would increase capital requirements for England's largest banks by 3.2%, far less than the uptick proposed for U.S. and European banks.

Capital 58

Capital Policies Compliance Regulation 58

The Paypers

DECEMBER 15, 2023

Beyond ONE has announced the launch of FRiENDi Pay, a digital mobile wallet solution developed to optimise cross-border payments for FRiENDi mobile subscribers in Saudi Arabia.

Mobile 41

Mobile Payments 41

American Banker

DECEMBER 15, 2023

Sens. Sherrod Brown, D-Ohio, and John Kennedy, R-La., have reintroduced their ILC bill that would subject companies that hold an ILC charter to similar oversight as traditional banks, while measures to cap interest rates and ban 'trigger leads' have also been introduced.

Ohio 54

Ohio Company Policies Compliance 54

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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 15, 2023

SAP has expanded its integration with PayPal by creating a digital payments plug-in for the PayPal Braintree platform built on SAP Business Technology Platform (SAP BTP).

Payments 41

Payments Technology 41

American Banker

DECEMBER 15, 2023

While medical debt is not a problem created by the financial services industry, the industry has a critical role to play in addressing it.

Industry 56

Industry Compliance Regulation 56

The Paypers

DECEMBER 15, 2023

Private equity firm Bain Capital has sold a USD 448 million stake in India-based private sector financial institution Axis Bank in a block trade.

Capital 45

Capital 45

Image Works Direct

DECEMBER 15, 2023

When was the last time you checked out your bank or credit union competition? It’s important to take time to reevaluate what your competition is doing to attract accountholders and develop plans to outperform them.

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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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