Payments Dive

JULY 24, 2023

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

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System Management Payments 370

BankInovation

JULY 24, 2023

Discover Financial Services is making its machine learning research publicly available to peers in an effort to help the industry reach common standards with the technology.

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Groups Industry Technology 98

Payments Dive

JULY 24, 2023

Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.

Payments 195

Payments 195

TheGuardian

JULY 24, 2023

Uxbridge and South Ruislip byelection win has led to some Tories arguing green measures that drive up costs for people should be delayed or abandoned Q: Why should anyone believe you will build 300,000 homes a year when the government has not been doing that? Gove said he was someone who, when he made a promise, delivered on it. Continue reading.

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Strategy 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.

US

Payments Dive

JULY 24, 2023

Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.

Payments 195

Payments Capital Report 195

American Banker

JULY 24, 2023

Valarie Ivester, assistant vice president of indirect strategy and development for Greater Texas Credit Union, has helped update strategy from the start of the pandemic through the recent chip shortage.

Texas 69

Texas Lending Strategy 69

CFPB Monitor

JULY 24, 2023

In an unusual move, Laura Akahoshi, former Rabobank (the “Bank”) Chief Compliance Officer (“CCO”), filed on July 6, 2023 an opposition to the Office of the Comptroller of the Currency’s (“OCC”) dismissal of its own administrative enforcement proceeding against her. Akahoshi filed her petition in the U.S. Ninth Circuit Court of Appeals, arguing in part that the Administrative Procedures Act and 18 U.S.C.

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Compliance 78

American Banker

JULY 24, 2023

Credit metrics are deteriorating as more cardholders fall behind on their payments. But bank CEOs detect few causes for alarm, saying they plan to stay in growth mode since most consumers have stayed current.

Cards 69

Cards Payments Lending 69

CFPB Monitor

JULY 24, 2023

Last Friday, July 21, 2023, marked the CFPB’s twelfth anniversary. To publicize the occasion, the CFPB published a blog post on July 20 in which it touted its achievements and ongoing initiatives. July 21 also marked the twelfth anniversary of our award-winning blog, Consumer Finance Monitor. Originally named CFPB Monitor, we launched our blog to coincide with the CFPB’s first day. .

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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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The Paypers

JULY 24, 2023

UK-based credit provider TotallyMoney has chosen data intelligence platform Bud Financial (Bud) to enable customers to manage finances with the support of AI.

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Payments Data Management 68

CFPB Monitor

JULY 24, 2023

Minnesota recently enacted the Commerce Omnibus Finance Bill , which includes amendments to several provisions of Minnesota law related to consumer loans and financial institutions. Interest Rate Caps on Consumer Small Loans and Short-Term Loans Minnesota laws related to consumer small loans and consumer short-term loans (as those terms are defined under Minnesota law) are amended to define the annual percentage rate (APR) for the covered loans to be an all-in rate including all fees and charge

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Minnesota Payments 78

American Banker

JULY 24, 2023

One security researcher said the total number of consumers who had data stolen in MoveIt breaches exceeds 20 million, and more are expected to be reported.

Data 68

Data Security Report Cyber Security 68

TheGuardian

JULY 24, 2023

Corporation admits information in story and headline about former Ukip leader ‘turned out not to be accurate’ UK politics live – latest updates The BBC has written to Nigel Farage to apologise for its reporting of the closure of the former Ukip leader’s Coutts bank account. The broadcaster reported earlier this month that the private bank had closed the account because he was no longer sufficiently wealthy to hold one.

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Report Groups 62

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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

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American Banker

JULY 24, 2023

One security researcher said the total number of consumers who had data stolen in MoveIt breaches exceeds 20 million, and more are expected to be reported.

Data 66

Data Security Report Cyber Security 66

BankInovation

JULY 24, 2023

Financial institutions looked to automation in the second quarter to reduce costs and create more efficient operations. The $3.2 trillion Bank of America, for one, saw its Q2 noninterest expenses increase by 5% year over year to $16 billion. U.S.

America 52

America Operations Mobile Retail 52

American Banker

JULY 24, 2023

American Banker's annual list reviews the financial results for the best-performing large institutions.

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The Paypers

JULY 24, 2023

Global financial super app Revolut has announced the launch of its Joint Accounts product in the UK, following the successful April feature release to European markets.

Marketing 36

Marketing 36

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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

American Banker

JULY 24, 2023

Bankers say it isn't a crazy notion for a bank to charge multiple NSF fees on the same transaction because merchants often resubmit transactions for payment a second time, and the bank has no way of knowing if or when that happens.

Payments 36

Payments Compliance Regulation 36

The Paypers

JULY 24, 2023

Netspend has announced the launch of its new X World Wallet, designed to provide clients with a multi-currency account for payments and services accepted globally.

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Payments 36

American Banker

JULY 24, 2023

The license allows New York-based Citigroup to separate the institutional and private bank businesses from its consumer, small-business and middle-market operations in Mexico.

New York 36

New York Operations Marketing Industry 36

The Paypers

JULY 24, 2023

India-based fintech PhonePe has announced the launch of an income tax payment feature developed in partnership with digital B2B payments service provider PayMate.

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Taxes Payments Fintech 36

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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.

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American Banker

JULY 24, 2023

Nearly three out of five respondents to a Bloomberg survey said they would most like to work for the CEO of JPMorgan Chase. That was enough to make Dimon the most popular choice out of a list of the leaders of six big banks.

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Survey Management 36

The Paypers

JULY 24, 2023

US-based financial services firm JP Morgan has announced its plan to expand its online bank Chase to Germany and other countries from the European Union.

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Online US 36

American Banker

JULY 24, 2023

The card brand participated in a $72 million funding round in Thunes, expanding both an existing collaboration and a larger initiative to support mobile money networks.

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Branding Mobile Cards Payments 36

The Paypers

JULY 24, 2023

US-based Business Process Solutions (BPS) company Conduent and BNY Mellon have leveraged FedEx ’s instant payment rail to boost payment solutions.

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Payments US Company 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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