PayPal elicits skepticism from analysts
Payments Dive
JANUARY 16, 2024
Analysts have soured on PayPal’s prospects, at least for now, noting competition is encroaching on the payment pioneer’s turf as a new CEO tries to make gains.
Payments Dive
JANUARY 16, 2024
Analysts have soured on PayPal’s prospects, at least for now, noting competition is encroaching on the payment pioneer’s turf as a new CEO tries to make gains.
South State Correspondent
JANUARY 16, 2024
There are many historical examples of some sophisticated and some less sophisticated entities imploding from the risk of derivatives. Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Some bankers will soon hear about another example of banks using derivatives that, unfortunately, will lead to losses.
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Payments Dive
JANUARY 16, 2024
The card issuer is selling the business, which offers online fraud monitoring services to merchants, to the joint venture investment firm Accel-KKR.
CFPB Monitor
JANUARY 16, 2024
On January 11, 2024, the Consumer Financial Protection Bureau (CFPB) issued two new advisory opinions: Fair Credit Reporting; Background Screeni ng and Fair Credit Reporting; File Disclosure. The advisory opinions are part of the CFPB’s ongoing efforts to clean up what the CFPB describes in its press release as allegedly “sloppy” credit reporting practices and ensure credit report accuracy and transparency to consumers.
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
JANUARY 16, 2024
Both tech giants will spend this year fighting off rivals hungry for a piece of their payments revenue.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JANUARY 16, 2024
Here are three ways that B2B payments can be a source of growth.
ATM Marketplace
JANUARY 16, 2024
Customers have the choice of using traditional banks, neobanks or both, but their choice is dependent on their needs and how well the bank can respond.
BankBazaar
JANUARY 16, 2024
Lights, camera, action! Welcome to the blockbuster world of financial planning, where your future takes centre stage and financial security is the ultimate hero. In this Bollywood-inspired script, we’ll weave together a tale of money, dreams and the importance of insuring your future. Get ready for a rollercoaster ride of emotions, drama and dance numbers – all while learning the essentials of financial planning!
CFPB Monitor
JANUARY 16, 2024
The U.S. Supreme Court has scheduled oral argument for Tuesday, February 20, 2024 in Corner Post, Inc. v Board of Governors of the Federal Reserve System. The question that the Supreme Court will decide is when a right of action first accrues for an Administrative Procedure Act (APA) Section 702 challenge to a final rule issued by a federal agency—when the final rule is issued or when the rule first causes injury.
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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
JANUARY 16, 2024
Payments fraud is the most expensive kind, at $450B; anti-financial-crime execs are the most worried about real-time payments, a survey from Nasdaq and Oliver Wyman found.
CFPB Monitor
JANUARY 16, 2024
This special podcast episode, hosted by Senior Counsel and former Consumer Financial Services Practice Leader Alan Kaplinsky, sets the stage for the upcoming oral argument in the two U.S. Supreme Court cases where the fate of Chevron deference hangs in the balance. This episode provides an essential roadmap for anyone who will listen to the oral argument or is following this critical challenge to this important doctrine.
American Banker
JANUARY 16, 2024
When the e-commerce giant designs and revises new store models like Just Walk Out, it faces a challenge: How do you train technology that requires real-world data that doesn't yet exist?
BankInovation
JANUARY 16, 2024
PNC Financial plans to spend $425 million this year on its ongoing improvement plan, which funds business and technology investments. As the Pittsburgh-based bank looks to continue to improve operations, it is pulling back on spending in other areas, including headcount, Chief Financial Officer Robert Reilly said during today’s fourth-quarter earnings call.
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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
JANUARY 16, 2024
In official comments on bank regulators' Basel III endgame capital proposal, concerns are being raised by a wide array of stakeholders — including civil rights advocates and consumer advocacy groups — suggesting major amendments or re-proposal may be necessary for the rule to cross the finish line.
BankInovation
JANUARY 16, 2024
Investment banking behemoth Goldman Sachs ramped up technology investment while pulling back on retail banking operations during the fourth quarter. The $538 billion bank’s communication and tech spend increased 5% year over year to $503 million during Q4 while its annual tech spend increased 6% YoY to $1.9 billion, the bank said Jan.
American Banker
JANUARY 16, 2024
The Wall Street giant did a lot of backtracking last year, abandoning its plans to become a bank for everyone. Now it's refocusing on growing its tried-and-true businesses of dealmaking and asset management.
BankInovation
JANUARY 16, 2024
Technology leaders from PNC Financial Services will speak at Bank Automation Summit U.S. 2024 to discuss automation and creating a culture for AI. The speakers are Scott Kinross, senior vice president and software engineering director, and Anuj Shah, head of intelligent automation. Kinross will speak Monday, March 18, at 4 p.m.
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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.
American Banker
JANUARY 16, 2024
Two weeks after Ted Pick rose to CEO, the company slightly revised its long-term targets for efficiency, return on tangible common equity and other metrics. Yet, Pick says, "there's not a change in strategy" after the departure of his predecessor, James Gorman.
Realwired Appraisal Management Blog
JANUARY 16, 2024
On my Indispensable Appraisers podcast, I spoke with Dr. Randy Flowers, the President of Operations at RSDS Appraisal Diversity. He just broke the 200th appraiser in his company in 55 cities. He’s graduated almost 45 trainees in the last year.
American Banker
JANUARY 16, 2024
The Pittsburgh-based regional bank reported a jump in soured commercial and consumer credits during the fourth quarter. Still, PNC executives said the company is appropriately reserved for a mild recession.
The Paypers
JANUARY 16, 2024
Plooto has launched a payment orchestration offering support to the complex workflows and security requirements of scaling businesses.
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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.
American Banker
JANUARY 16, 2024
American Express has built platforms to help smaller brands quickly bring credit cards to market and for B2B software companies to embed virtual cards.
The Paypers
JANUARY 16, 2024
The government of Venezuela has ended the Petro (PTR) cryptocurrency, founded in 2018 to support the nation’s currency due to an overwhelming economic crisis.
American Banker
JANUARY 16, 2024
The Seattle bank's stock price fell in 2023 amid concerns over rising interest rates and its concentration of multifamily loans. The buyer is FirstSun Capital Bancorp, which raised $175 million as part of the deal.
The Paypers
JANUARY 16, 2024
UAE-based financial services enabler Paymob has announced that it secured the Central Bank of Oman ’s (CBO) Payment Service Provider (PSP) licence.
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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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