Payments Dive

OCTOBER 13, 2023

Global cash use declined four percentage points last year, continuing a pandemic-era trend, consulting firm McKinsey said in a recent report.

Trends 475

Trends Payments Report 475

BankBazaar

OCTOBER 13, 2023

Do you know everything about Credit Card rewards? Let’s find out. Do you know everything about your Credit Card? There are quite a few myths around Credit Cards that stop people from getting the best out of their cards. Let’s debunk some of the most common myths related to Credit Cards and their reward points now. Myth: ‘Getting a Credit Card drastically affects my Credit Score.

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Cards US Payments Report 78

Payments Dive

OCTOBER 13, 2023

“The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination,” the bureau’s Director Rohit Chopra said Thursday.

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Cards Company 418

American Banker

OCTOBER 13, 2023

Net interest income rose sharply at Wells Fargo and especially JPMorgan Chase last quarter, thanks to lighter-than-expected deposit costs. But questions linger about how long both companies can keep a lid on those expenses and whether smaller competitors can do the same.

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Company 83

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

OCTOBER 13, 2023

The deal, which marks the latest step in Goldman’s retreat from the mass market, will result in a hit of 19 cents per share to the firm’s third-quarter earnings, to be announced Tuesday.

Lending 243

Lending Fintech Marketing 243

The Paypers

OCTOBER 13, 2023

Payments Europe reveals key traits of the value and cost of cards in the payment ecosystem, based on its newly released survey on merchants working in retail in Europe.

Cards 76

Cards Payments Survey Retail 76

American Banker

OCTOBER 13, 2023

As false credit-card disputes spike, the networks have updated policies to provide merchants and issuers with more data to combat false chargebacks.

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Fraud Policies Cards Data 87

BankInovation

OCTOBER 13, 2023

PNC Bank is looking to reduce and manage expenses and use the resulting funds to invest in technology. “We are focused on expense management, particularly in the current environment, and have taken actions to maintain discipline expense control,” Chief Executive Bill Demchak said today during the bank’s third-quarter earnings call.

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Management Technology Retail 66

American Banker

OCTOBER 13, 2023

Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.

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Austin Texas Lending 74

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BankInovation

OCTOBER 13, 2023

JPMorgan Chase’s expenses increased in the third quarter as the bank invested in people and technology. The $3.7 trillion bank’s consumer and community banking expenses increased 7% year over year to $8.5 billion in the quarter driven by compensation, increased personnel, and spending allocated to technology and marketing, according to the earnings presentation today.

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Community Bank Community Technology Marketing 61

American Banker

OCTOBER 13, 2023

Jane Fraser defended Citigroup's recently announced organizational overhaul and specific performance targets, saying the plan is different from prior restructurings because it's designed to fundamentally change how the company operates.

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Operations Company Management 74

BankInovation

OCTOBER 13, 2023

Wells Fargo is leveraging technology and automating investments to streamline its operations as the $1.6 trillion bank continues to trim its workforce. “I would say there are very few parts of the company that are optimized at this point,” Mike Santomassimo, chief financial officer at Wells Fargo, said today during the bank’s third-quarter earnings call.

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Operations Technology Company Digital Banking 61

The Paypers

OCTOBER 13, 2023

Royal Bank of Canada (RBC) has partnered with global small business platform Xero to help businesses automate payments to suppliers.

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Payments 69

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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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BankInovation

OCTOBER 13, 2023

Citibank is investing in technology and automation to modernize its security infrastructure, enhance client experience and improve its data structuring.

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Data Security Technology Retail 61

American Banker

OCTOBER 13, 2023

A pending new rule from the Consumer Financial Protection Bureau on customer data will force banks to improve customer service and be more competitive in their pricing.

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Data Compliance Regulation 48

The Paypers

OCTOBER 13, 2023

Envestnet|Yodlee has introduced SpendSignals, an AI-powered solution that provides access to real-time consumer spending trends and insights on shopper purchasing patterns at competitors.

Trends 41

Trends 41

American Banker

OCTOBER 13, 2023

Banking leaders were honored and offered motivating wisdom for women to ascend the corporate leadership ranks at American Banker's Most Powerful Women in Banking Gala this year.

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Leadership 41

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The Paypers

OCTOBER 13, 2023

Central Depository and Clearing Company of Croatia (SKDD) has announced the launch of its new Central Securities Depository platform to modernise its capital markets infrastructure.

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Security Capital Marketing Company 41

American Banker

OCTOBER 13, 2023

The change, even if temporary, could help to reduce spreads to Treasurys and bring down rates, the Community Home Lenders of America, the Independent Community Bankers of America and the National Association of Realtors argue.

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Groups America Community National 41

The Paypers

OCTOBER 13, 2023

UK-based Zilch has launched its new Zilch Up service, to provide more affordable credit via BNPL borrowing for usually excluded clients and to drive financial inclusion.

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American Banker

OCTOBER 13, 2023

The San Francisco-based bank reported $13.1 billion in net interest income in the third quarter, up 8.3% from a year earlier, and raised its full-year guidance. Noninterest expenses rose more than expected, though, totaling $13.1 billion in the quarter.

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San Francisco Report 41

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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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The Paypers

OCTOBER 13, 2023

Point of Sale solutions provider Bravo Store Systems has partnered with Buy Now, Pay Later (BNPL) provider Credova Financing to offer merchants BNPL functionality.

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System 41

American Banker

OCTOBER 13, 2023

The FDIC launched a campaign Wednesday to educate the public about the importance of deposit insurance, a move designed to counter lingering concerns arising from this spring's bank failures and the resurgence of imitation banks.

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FDIC Policies Compliance Regulation 36

The Paypers

OCTOBER 13, 2023

Germany-based BaaS provider Dock Financial has acquired embedded finance specialist Paydora Finance , with the latter’s integration into its organisation.

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American Banker

OCTOBER 13, 2023

Net interest income was $22.9 billion in the third quarter, above analysts' expectations. The biggest U.S. bank says it now expects to generate $88.5 billion from the revenue source this year.

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