Payments Dive

JULY 28, 2023

“It's time to question whether this traditional approach to paying employees is still the most efficient and equitable,” writes one earned wage access CEO.

195

195

TheGuardian

JULY 28, 2023

Ex-Ukip leader is back in limelight claiming to be a ‘champion for the voiceless’ – though some are wary of his latest reinvention UK politics live – latest updates Nigel Farage is used to being thanked by true believers in Brexit, but the man who came to grasp his hand as he sat down for dinner in London’s Belgravia on Tuesday night was a surprise.

US 98

US Payments Groups 98

Payments Dive

JULY 28, 2023

The new offering is available to card holders through 200 financial institutions, with an expansion of the partnership expected by the end of the year.

Cards 195

Cards 195

Jeff For Banks

JULY 28, 2023

I recently moderated a Risk Management Association (RMA) panel focused on managing risk in today's environment. Since the panel were seasoned bankers, the audience also wanted to hear some nuggets of wisdom about managing their careers in banking. The question I asked: If you could give career advice to your 25 year-old self, what would it be? The panelists were: Mike Allen, President of Harford Bank.

Maryland 78

Maryland Risk Management Community Bank 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.

US

Payments Dive

JULY 28, 2023

In addition to the Ascensus health and benefits unit purchase this month, Wex this week said it will invest up to $100 million in a new venture arm.

195

195

TheGuardian

JULY 28, 2023

Access to banking for new parties needed in ‘functioning democracy’, says campaigner after Monzo decision The anti-Brexit campaigner Gina Miller has said “we don’t have a functioning democracy” if new political parties cannot access banking services, after she was told her own party’s account would be closed. The government and financial services watchdog must step in, she said, to ensure new parties and MPs can access banking to be able to operate.

Operations 75

Operations 75

American Banker

JULY 28, 2023

Big Poppy Bancorp has applied to the Federal Reserve to acquire up to 24.99% of Summit State Bank. Both institutions are headquartered in Santa Rosa. Combining them would create the city's biggest bank.

California 68

California Community Bank Community Strategy 68

TheGuardian

JULY 28, 2023

Establishment voices outraged by his ejection from Coutts were silent when charities were falsely linked to terrorism “Every law-abiding citizen in this country should have the right to a bank account,” Nigel Farage writes in the Daily Telegraph as he claims to stand up for vulnerable people in his campaign against “woke capitalism”. But does he really mean it?

Capital 75

Capital Groups 75

American Banker

JULY 28, 2023

Citing issues that arose during this spring's bank failures, the central bank and other agencies urge depositories to ensure they are ready to borrow at a moment's notice.

Regulation 69

Regulation Compliance 69

Advertisement

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

TheGuardian

JULY 28, 2023

You need to be rich to take advantage of the actually useful stuff – I hide my card and just use my Monzo As someone with a Coutts account, maybe the least relatable aspect of the Nigel Farage story is: why would you publicise your Coutts account ? I spent years developing the muscle memory to hold my thumb precisely over the brand name any time I take my card out; the telltale online banking icon is tucked safely away in the elephant’s graveyard of the fourth page of apps on my phone; I’ve neve

Cards 68

Cards Branding Online Groups 68

American Banker

JULY 28, 2023

The new rule sets a nationwide standard for disclosing all "material" breaches within four days — much sooner than many state-level disclosure rules.

Data 69

Data Cyber Security Security Technology 69

BankInovation

JULY 28, 2023

London-based NatWest Group increased its tech spend in the first half of 2023 as the company looks to remain competitive, create resilient operations and leverage tech to accomplish its climate transition plans. The $28 billion bank spent $10.8 million in H1 2023 on technology while its operating expenses jumped by 13.

Operations 52

Operations Groups Technology Company 52

American Banker

JULY 28, 2023

Oregon Community Credit Union in Eugene is seeing employee productivity and satisfaction increase, but is still wary of declaring the program a success.

Oregon 69

Oregon Community 69

Advertisement

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

TheGuardian

JULY 28, 2023

Sir Howard Davies planning ‘orderly transition’ as bank hires lawyers to investigate account closures Business live – latest updates NatWest to pay UK government £190m as Farage crisis rocks bank The NatWest chair, Sir Howard Davies, said he would stay in his post to give “stability” and ensure an “orderly transition” at the embattled bank, amid speculation that he could be the lender’s third boss to be ousted over the Nigel Farage bank account scandal.

Report 55

Report Groups 55

BankInovation

JULY 28, 2023

Bank Automation News and banking data and analytics platform FI Navigator have released the latest ranking of the top five most innovative financial institutions.

Innovation 52

Innovation Analytics Data America 52

American Banker

JULY 28, 2023

The top five banks and thrifts have more than $7 trillion in combined total deposits as of the end of Q1 2023.

Industry 69

Industry 69

TheGuardian

JULY 28, 2023

Plan had been for chair to leave by next July – but that was before row over Nigel Farage’s Coutts accounts NatWest chair vows to stay on to provide ‘stability’ Business live updates – latest news NatWest’s last boardroom announcement was blown apart within eight hours, so Sir Howard Davies should probably wait until the end of the weekend before feeling safe in the post of chair.

Strategy 49

Strategy Groups 49

Advertisement

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 28, 2023

Business cards provide a tactile experience that digital forms of communication do not replicate. They offer a tangible reminder of a discussion, which can be far more memorable.

Cards 53

Cards 53

The Paypers

JULY 28, 2023

HM Treasury and the Monetary Authority of Singapore (MAS) have held the UK – Singapore Financial Dialogue to identify collaboration opportunities in sustainable finance and fintech.

Fintech 36

Fintech 36

American Banker

JULY 28, 2023

Dream First Bank of Syracuse, Kan. is assuming all deposits and most of the assets of Heartland Tri-State Bank of Elkhart, Kan. following a purchase and assumption agreement with the Federal Deposit Insurance Corp., representing a $54.2 million hit to the Deposit Insurance Fund.

Compliance 53

Compliance Regulation 53

The Paypers

JULY 28, 2023

Marketing platform Klaviyo has gained access to Mollie ’s set of APIs and transaction and order data to allow its customers to personalise and automate communications with consumers.

Marketing Automation 36

Marketing Automation Marketing Data 36

Advertisement

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

JULY 28, 2023

Consumer advocates are protesting specific risk-weighting changes affecting borrowers with lower down payments. Also, broader increase in requirements may discourage depository holdings of servicing.

Capital 53

Capital Payments Marketing 53

The Paypers

JULY 28, 2023

Turkey-based food delivery platform, Getir has announced it has decided to end operations in Italy, Spain, and Portugal stating that it is finalising its funding round.

Operations 36

Operations 36

American Banker

JULY 28, 2023

Figure Technologies laid off 90 employees this week, or about 20% of its staff, while it's also interviewing bankers in advance of a planned initial public offering for its lending business next year, according to documents reviewed by Bloomberg.

Lending 36

Lending Technology Management Fintech 36

The Paypers

JULY 28, 2023

Fintech company offering credit, mobile banking, and payment products Upgrade has announced the acquisition of Uplift , a Buy Now, Pay Later (BNPL) provider for travel.

Fintech 36

Fintech Mobile Payments Company 36

Advertisement

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.

Compliance