Payments Dive

NOVEMBER 30, 2023

South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.

South Dakota 259

South Dakota Kansas social media Payments 259

Gonzobanker

NOVEMBER 30, 2023

To develop an effective, low-cost deposit growth strategy, take some tips from the high performers. Deposit retention and growth is strategic priority #1 in the banking industry today. But although financial institutions need a long-term strategy for a near-term challenge, playing the “rate game” is a race to the bottom. Finding growth has been a rough slog for banks and credit unions throughout 2023.

Strategy 158

Strategy Industry Lending Marketing 158

Payments Dive

NOVEMBER 30, 2023

The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.

Tools 195

Tools Technology Payments 195

CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

Community 147

Community Regulation System FDIC 147

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

NOVEMBER 30, 2023

The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.

US 243

US Payments Company 243

Payments Dive

NOVEMBER 30, 2023

The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.

Cards 221

Cards 221

TheGuardian

NOVEMBER 30, 2023

As chancellor during the financial crisis he showed great wisdom and courage, and he played a huge part in keeping the UK intact in the Scottish referendum The news of Alistair Darling’s death on Thursday came as a terrible shock to us all. A statesman of unimpeachable integrity and a man driven by a deep sense of social justice, twice in his career he stepped up when his country needed him and demonstrated a level of wisdom, courage and calmness that is granted to only the most exceptional of p

National 130

National US Management 130

CFPB Monitor

NOVEMBER 30, 2023

The Consumer Bankers Association has issued the second blog post of its four-part “Facts Matter” blog series. In the second blog post, CBA “explains how the [CFPB’s] public statements can mislead market observers by painting an inaccurate picture of the credit card marketplace.” CBA identifies various ways in which the CFPB’s October 2023 report (Report) under the Credit Card Accountability Responsibility and Disclosure Act tells “a different, richer, story about credit card fees” than the sto

Cards 78

Cards Report Marketing 78

TheGuardian

NOVEMBER 30, 2023

Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008 Full report: Alistair Darling dies aged 70 Tributes paid to former chancellor – business live UK politics live – latest updates Alistair Darling spent three turmoil-filled years as Gordon Brown’s chancellor but the crunch came in October 2008 when he was summoned out of a meeting of EU finance ministers to take a call from Royal Bank of Scotland, then the UK’s biggest bank.

Meeting 87

Meeting Report Policies 87

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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

Lending

CFPB Monitor

NOVEMBER 30, 2023

The CFPB recently announced the settlement of a bankruptcy court adversary proceeding filed jointly with the Attorneys General of 11 states against Prehired, LLC (Prehired) and two affiliated companies (Prehired Affiliates) for alleged violations of the Truth in Lending Act (TILA), the Fair Debt Collection Practices Act (FDCPA), and the Consumer Financial Protection Act (CFPA) in connection with a vocational training program operated by Prehired and related Income Share Agreements (ISAs) offered

Training 78

Training Operations Lending Company 78

American Banker

NOVEMBER 30, 2023

The Canadian bank reported a 70% decline in profits at its U.S. commercial banking and wealth management unit in the most recent quarter and boosted reserves amid distress in the commercial real estate market.

Management 83

Management Marketing Report 83

BankInovation

NOVEMBER 30, 2023

Royal Bank of Canada is set to close its CA$13.5 billion ($10 billion) all-cash acquisition of HSBC Canada in the first quarter of next year as the bank works through its integration plans.

CA 66

CA Management Retail 66

American Banker

NOVEMBER 30, 2023

After nearly a decade of regulatory headaches, Discover Financial Services is looking to sell its private student loan business. Its stock jumped 4% after the news.

Lending 83

Lending Compliance Regulation 83

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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

BankInovation

NOVEMBER 30, 2023

Financial institutions may consider which payment rails to integrate — whether RTP or FedNow — but the right answer might be both.

Management 68

Management Technology Payments 68

American Banker

NOVEMBER 30, 2023

In November's roundup of top banking news: Citigroup approaches newest wave of job cuts and managerial shifts, Truist Financial nearly doubles most-senior executive leadership team, JPMorgan Chase faces regulatory inquiries and more.

Leadership 78

Leadership Compliance Regulation 78

Bussman Advisory

NOVEMBER 30, 2023

This week’s must-know stories in the FinTech, AI and Digital Asset space: Apple and Goldman Sachs set for breakup JP Morgan is live on multi bank tokenized deposit platform Partior Commerzbank builds GenAI-powered virtual assistant Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech &

Apple 52

Apple Fintech Community Course 52

American Banker

NOVEMBER 30, 2023

Top tech news in November: The Office of the Comptroller of the Currency's appointee to the Office of Financial Technology comes into question, Mint's closure presents opportunities for banks, bank and fintech leaders look towards generative artificial intelligence for innovation and more.

Financial Technology 77

Financial Technology Innovation Fintech Technology 77

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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

TheGuardian

NOVEMBER 30, 2023

Lender to ramp up cost-cutting plans after rescue deal and assess seven-days-a-week branch model Metro Bank plans to cut about 800 jobs by the end of March, and review its famous seven-days-a-week branch model, after ramping up cost-cutting plans in the wake of last month’s multimillion-pound rescue deal. The lender said plans to cut a fifth of its 4,000-strong workforce followed “further evaluation of the cost base”, which found it could save up to £50m a year, including by investing in automat

Metro 54

Metro 54

American Banker

NOVEMBER 30, 2023

Texas-based RBFCU, the tenth largest credit union in the nation, promoted Mark Sekula from CFO to CEO, replacing Christopher O'Connor, who will retire in March.

Texas 78

Texas National 78

The Paypers

NOVEMBER 30, 2023

Trading and investing platform eToro has received approval for Financial Services Permission (FSP) from the regulatory authority of ADGM to operate in the UAE.

Operations 41

Operations 41

American Banker

NOVEMBER 30, 2023

The bank is trying to reach women and investors from groups that wouldn't traditionally have done business with the white-shoe firm in years past, Alice Milligan said on a marketing panel.

Branding 69

Branding Groups Marketing 69

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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

NOVEMBER 30, 2023

Nucleus Commercial Finance (NCF) has announced up to GBP 200 million in new funding from NatWest to strengthen its SME loans business.

Security 41

Security 41

American Banker

NOVEMBER 30, 2023

Bakhshi looks back on her nearly four-decade career and reflects on what has changed in the industry over the years.

Industry 81

Industry 81

The Paypers

NOVEMBER 30, 2023

Nuvei , a Canada-based fintech, has launched its card issuing solution in 30 markets globally to offer their customers physical and virtual white-labelled cards.

Cards 36

Cards Fintech Marketing 36

American Banker

NOVEMBER 30, 2023

Los Angeles-based City National Bank recorded a $247 million loss during a tumultuous final quarter of its fiscal year. But executives at the bank's Canadian parent company say they expect a return to profitability in the first quarter.

Los Angeles 45

Los Angeles National Report Company 45

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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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