Affirm preps for UK launch
Payments Dive
MARCH 1, 2024
Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.
Payments Dive
MARCH 1, 2024
Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.
CFPB Monitor
MARCH 1, 2024
The CFPB has released a supervisory order which establishes that the CFPB has supervisory authority over World Acceptance Corp. (WAC) based on the CFPB’s conclusion that it has reasonable cause to determine that WAC “is engaging in or has engaged in conduct that poses risks to consumers with regard to the offering or provision of one or more consumer financial products or services.” .
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Payments Dive
MARCH 1, 2024
FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.
CFPB Monitor
MARCH 1, 2024
On February 27, 2024, the U.S. Supreme Court heard oral argument in Cantero v. Bank of America, N.A. , a case involving the effect of the Dodd-Frank Act on scope of preemption under the National Bank Act (NBA). The specific question before the Court is whether, post-Dodd-Frank, the NBA preempts a New York statute requiring banks to pay interest on mortgage escrow accounts. .
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.
Payments Dive
MARCH 1, 2024
The bureau seeks “to ensure that digital advertisements for financial products are not disguised as unbiased and objective advice,” CFPB Director Rohit Chopra said.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
MARCH 1, 2024
Some U.S. banks postponed taking action on ISO 20022, a new global financial messaging standard, while they were busy with preparations for FedNow's faster-payments launch last year. This may not leave them with enough time to meet a March 2025 deadline.
BankInovation
MARCH 1, 2024
Citizens Bank’s virtual assistant, Digital Butler, was granted a patent this week for its “high degree of personalization,” Jo Wyper, executive vice president and head of operations at Citizens Commercial Bank, told Bank Automation News. Whereas retail solutions have personalized capabilities, commercial solutions often do not.
American Banker
MARCH 1, 2024
In this month's roundup of top tech news: Bank of America's data breach affects more than 57,000 consumers, banking as a service's looming reckoning, the downfall of Heartland Tri-State Bank and more.
The Paypers
MARCH 1, 2024
US-based Datos , supported by payments systems provider Finzly , has published a report that analyses the readiness of banks for the FedWire migration to the ISO 20022 standards.
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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
American Banker
MARCH 1, 2024
In this month's roundup of top banking news: The potential impact of Capital One's purchase of Discover, Citi's use of generative AI for its developers, the downfall of Heartland Tri-State Bank and more.
The Paypers
MARCH 1, 2024
NPCI International Payments Limited has signed an MoU with the Greek-based Eurobank in order to optimise cross-border payments using a UPI platform.
American Banker
MARCH 1, 2024
The community bank cites exposure to "heightened, and evolving, regulatory standards" in its decision to wind down banking-as-a-service operations.
BankInovation
MARCH 1, 2024
JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes.
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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
American Banker
MARCH 1, 2024
New York Community Bancorp faced new questions Friday after a flurry of disclosures led to a steep sell-off in its stock. The embattled Long Island-based lender beefed up its risk leadership, but Fitch cut its rating to "junk" status.
ABA Community Banking
MARCH 1, 2024
ABA's Dan Brown and Sharon Whitaker discuss community bank exposures to commercial real estate and how community banks are managing shifts in the CRE sector. The post Podcast: The commercial real estate state of play appeared first on ABA Banking Journal.
ATM Marketplace
MARCH 1, 2024
Erik Halvorssen, head of distributor success at BitcoinATM.com shares how to use a Bitstop ATM to purchase bitcoin in a product demo.
TheGuardian
MARCH 1, 2024
Theatre Royal Sydney Directed by Sam Mendes, this Tony-winning corporate thriller whirls through 164 years of capitalism – yet still feels incomplete Almost 16 years after the collapse that triggered global financial panic, The Lehman Trilogy lands on Australian stages this month, to tell the story of the bank that was not, in fact, too big to fail.
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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.
The Paypers
MARCH 1, 2024
IDEX Biometrics has partnered with Accomplish Financial to introduce a new biometric programme designed for visually and memory impaired users.
American Banker
MARCH 1, 2024
Lisa Schirf, managing director and global head of data and analytics at Tradeweb, on using AI to build price prediction models for fixed income markets.
The Paypers
MARCH 1, 2024
Mastercard has partnered with Loop , aiming to empower businesses and consumers in Saudi Arabia with access to advanced credit card offerings and innovative payment solutions.
American Banker
MARCH 1, 2024
The growing buy now/pay later industry requires regulations, but existing regulations for credit card lenders are not fit to the purpose. BNPL needs bespoke guidelines to protect consumers.
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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.
The Paypers
MARCH 1, 2024
US-based identity platform Persona has announced the launch of a new suite of solutions that aim to support companies in meeting compliance requirements in the EU.
American Banker
MARCH 1, 2024
Ryan Bailey's brief includes refreshing Cambridge Savings Bank's digital-only brand Ivy Bank. The institution believes his prior stint at USAA has prepared him for the challenge.
The Paypers
MARCH 1, 2024
Viva.com has announced the launch of Cartes Bancaire s, enabling France-based merchants to take contactless payments with Tap to Pay on iPhone.
American Banker
MARCH 1, 2024
The CEO of FirstBank in Colorado will retire at the end of the month, KeyCorp's chief accounting officer will depart, Fiserv pursues deal to buy Shift4 and more in the weekly banking news roundup.
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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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