Payments Dive

FEBRUARY 8, 2024

The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

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Strategy Management Payments Company 221

American Banker

FEBRUARY 8, 2024

Federal prosecutors allege that Shan Hanes, the former CEO of the now defunct Heartland Tri-State Bank, illegally took money from customers to fund cryptocurrency investments. He could face up to 30 years in prison if convicted.

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Kansas cryptocurrency Community Bank Community 99

Payments Dive

FEBRUARY 8, 2024

The agency’s open banking proposal is a step in the right direction, but details of the policy will shape how the market develops, a regulatory adviser writes in this op-ed.

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Policies Marketing 170

CFPB Monitor

FEBRUARY 8, 2024

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024. His prepared remarks addressed the 90 th Anniversary of the Federal Credit Union Act, credit union performance in third quarter of 2023, risks posed by third party service providers, liquidity management, and consumer financial protection.

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Lending National Management 78

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

FEBRUARY 8, 2024

Digital payments provider Aeropay has lined up bank partners in an effort to facilitate faster access to winnings.

Payments 221

Payments 221

American Banker

FEBRUARY 8, 2024

Jeremy Kress, a law professor at the University of Michigan, filed a petition for rulemaking to two bank regulators, asking them to adopt an unaffiliated director standard for larger banks to address conflicts of interest between banks and their holding companies.

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Regulation Michigan Company Policies 91

CFPB Monitor

FEBRUARY 8, 2024

With federal student loans approaching $1.7 trillion, private student loans approaching $129 billion, strident consumer group advocacy, and national elections on the horizon, student loan origination and servicing continues to be a focal point for federal and state regulators. In this episode, which repurposes a webinar, we first discuss recent developments at the Department of Education involving loan forgiveness, the framework for servicer accountability, preemption guidance, and new repaymen

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National Regulation Groups 78

William Mills

FEBRUARY 8, 2024

In the ever-evolving landscape of financial technology (Fintech), where innovation and competition are the norm, the ability to generate high-quality leads is crucial. For Fintech companies looking to serve financial institutions, effective lead generation is not just a strategy, it's the lifeline for sustainable growth. In this two-part series, we'll explore the intricacies of lead generation tailored to the unique challenges and opportunities within the Fintech sector.

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Strategy Fintech Financial Technology Innovation 81

American Banker

FEBRUARY 8, 2024

It's early days in the Connecticut bank's testing of Cascading AI, but one clear benefit has emerged: The software can handle the many inquiries that come in on Friday nights, after loan officers have gone home.

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Connecticut Lending Software Technology 88

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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

BankInovation

FEBRUARY 8, 2024

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. 3 newsletter from Frank McKenna, chief strategist for AI-driven fraud detection platform Point Predictive.

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Fraud America Security 66

American Banker

FEBRUARY 8, 2024

The consumer lender CURO Group said that its agreement with bondholders gives it a 30-day grace period, and that negotiations on a broader restructuring are continuing. The company has lost money in recent years as it shifts away from traditional payday lending to larger installment loans.

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Lending Groups Company Risk Management 81

BankInovation

FEBRUARY 8, 2024

PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better consumer experiences like AI-driven shopping. “Redesigning our app and creating improved, frictionless onboarding paths are tangible ways that we plan to drive higher penetration,” Chief Executive Alex Chriss said during PayPal’s fourth-quarter earnings call.

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Mobile Strategy Payments 63

The Paypers

FEBRUARY 8, 2024

AI-focused technology company Pagaya has closed a USD 280 million credit facility with BlackRock US Private Capital.

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Capital US Technology Company 73

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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

FEBRUARY 8, 2024

Treasury Secretary Janet Yellen didn't directly address the turmoil at New York Community Bank, and said that while some smaller institutions could be hit by a changing commercial real estate market, she doesn't anticipate these mortgages will become a systemic risk.

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New York Community Bank Community System 60

The Paypers

FEBRUARY 8, 2024

Web3 services platform Chainlink has announced it now supports a PYUSD (PayPal’s USD-backed stablecoin issued by Paxos) Price Feed on the Ethereum mainnet.

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Security 59

American Banker

FEBRUARY 8, 2024

Through a partnership with technology firm ServiceNow, the card network is offering ways to reduce banks' cost and complexity of resolving disputed transactions.

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Tools Management Cards Technology 53

The Paypers

FEBRUARY 8, 2024

Embedded financial solutions provider Cross River has partnered with digital payments provider Aeropay to expand the latter’s current offerings.

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Payments 48

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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

FEBRUARY 8, 2024

The original lawsuit was one of several filed in 2014 in a coordinated effort among federal and state regulators aimed at fraudsters trying to cheat distressed mortgage borrowers.

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Regulation 36

The Paypers

FEBRUARY 8, 2024

IDEMIA Secure Transactions has partnered with the Arab National Bank to launch a card developed with Braille printing technology in the Kingdom of Saudi Arabia.

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National Security Cards Technology 41

The Emmerich Group

FEBRUARY 8, 2024

I believe that most of your salespeople have only begun to tap into their true potential. They just don’t have the confidence to go after large deals that are happy with their current bank and ask for premium pricing. In this episode, I’m going to show you how the right sales system can help your people get excited about and effective at pulling in the very best customers…without PRICE even being brought up.

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Video Training How To Analysis 36

The Paypers

FEBRUARY 8, 2024

The European Parliament has adopted a new set of rules to ensure that transferred funds arrive immediately in bank accounts across the EU.

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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

American Banker

FEBRUARY 8, 2024

The Providence, Rhode Island, company has recruited a head of wealth management advisors and a head of private wealth managers as part of a new strategy to reel in high-net worth clients.

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Rhode Island Strategy Management Company 36

The Paypers

FEBRUARY 8, 2024

US-based digital asset exchange Kraken has successfully secured a VASP registration from the Dutch Central Bank , aimed at its European development strategy.

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Security Strategy US 41

American Banker

FEBRUARY 8, 2024

The Commodity Futures Trading Commission privately authorized sending subpoenas to Goldman for information about fees charged for some futures block trades, according to people familiar with the matter.

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Industry 36

The Paypers

FEBRUARY 8, 2024

Lithuania-based identity verification company iDenfy has partnered with RaiseFX to optimise security and the customer experience in online CFD trading.

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Customer Experience Security Online Company 41

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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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