Payments Dive
JANUARY 25, 2024
If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.
South State Correspondent
JANUARY 25, 2024
You engage an app and speak your mind about what you want financially done. You are agnostic about which one of your many relationships accomplishes the task, only that the task gets done. Where traditionally, you might use an interface such as Siri or Alexa to pay your Verizon bill on time, now you tell your virtual assistant to “Reduce expenses by 10%, increase earnings by 10%, and put the difference into a savings account to result in more than $1 million in 10 years.” This is now
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Payments Dive
JANUARY 25, 2024
PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.
CFPB Monitor
JANUARY 25, 2024
After nearly a decade of litigation, Judge Beryl A. Howell of the U.S. District Court for the District of Columbia has approved the Consumer Financial Protection Bureau’s $6.0 million settlement of class claims of alleged discrimination by the CFPB against 85 Black and Hispanic employees. The class consists of all “minority employees and women who work or worked as Consumer Response Specialists and have been subjected to and harmed by the Bureau’s agency-wide pattern or practice of discriminatio
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 25, 2024
“No longer is the smartphone itself the most lucrative target for scammers and robbers – it’s the financial apps contained within,” District Attorney Alvin Bragg Jr. said.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JANUARY 25, 2024
A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.
CFPB Monitor
JANUARY 25, 2024
The Office of Inspector General (OIG) for the Federal Reserve Board and CFPB has issued a report on its evaluation of the CFPB’s process for conducting enforcement investigations. OIG concluded that the CFPB can enhance certain aspects of that process as described below. In its evaluation, OIG focused on the efficiency of the Office of Enforcement’s process for conducting investigations, and reviewed Enforcement’s practices for tracking and monitoring matters. .
BankBazaar
JANUARY 25, 2024
What have your Credit Card ’s ancestors been up to? No idea? Join the club. But before that already expanding club gets wider, we thought we’d take it upon ourselves to break down history while sharing a few fun facts that we might have missed about our little plastic buddies ! There’s probably nothing new we can tell you about the Credit Card. It’s common knowledge now days to be aware of the popular ones or the ones with the stand-out features.
CFPB Monitor
JANUARY 25, 2024
Our special guest is Zarik Khan, Founder of Finsolute Advisors. In October 2023, the Federal Reserve Board issued a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. We first look at the roles of the various parties involved in a typical transaction in which a consumer uses a debit card to make a purchase from a merchant and the various fees imposed in connection with the transaction. .
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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 25, 2024
The San Francisco technology company is partnering with Onramp Invest to offer registered investment experts tools for facilitating larger digital asset transactions.
BankInovation
JANUARY 25, 2024
Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence. Global venture funding in 2023 stood at $248.4 billion, down 42% year over year, its lowest point since 2017, according to a Jan. 4 State of Venture 2023 report by business analytics provider CB Insights.
American Banker
JANUARY 25, 2024
As new CEO Alex Chriss streamlines the payment company's strategy, 2024's first major product rollout stresses data-driven, personalized connections between merchants and consumers.
BankInovation
JANUARY 25, 2024
IBM clients continue to prioritize digital transformation through the cloud and investment in AI as tech spend remains strong across the banking industry.
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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 25, 2024
As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting.
The Paypers
JANUARY 25, 2024
Germany-based B2B BNPL payments provider Mondu has raised EUR 30 million in a debt financing round from Vereinigte Volksbank Raiffeisenbank (VVRB).
American Banker
JANUARY 25, 2024
Several of the company's top leaders, including Jennifer Piepszak, have been given new duties in CEO Jamie Dimon's latest management reorganization. Piepszak and JPMorgan President Daniel Pinto are among those viewed as potential successors to long-serving Dimon.
TheGuardian
JANUARY 25, 2024
Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts Lloyds Banking Group is planning to cut 1,600 staff from its branch network as it tries to reduce costs and push customers towards digital services as part of a corporate overhaul. The UK company said it was adapting to a shift in behaviour, with more than 21 million of its 26 million customers choosing to use its services online.
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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 25, 2024
The private student loan market is in flux after one major lender, Discover Financial Services, said it's leaving the sector. Sallie Mae is gearing up to compete for that business, much as it did when Wells Fargo pulled up stakes in 2020.
BankInovation
JANUARY 25, 2024
Financial institutions are looking to their infrastructure and platforms to determine where to overhaul their tech in 2024.
American Banker
JANUARY 25, 2024
As regulators repeatedly press banks and fintechs to make sure their artificial intelligence models aren't "black boxes" and comply with existing law, the burden is on lenders to prove they are making such efforts.
The Paypers
JANUARY 25, 2024
Australia-based foreign exchange brand Travelex has relaunched online foreign exchange (FX) cash services for the Commonwealth Bank of Australia (CBA).
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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 25, 2024
A former comptroller of the currency assesses last year's turmoil in the industry and charts a path forward including advancements in regulation.
The Paypers
JANUARY 25, 2024
A2A payment infrastructure provider Token.io has announced its participation in the SEPA Payment Account Access (SPAA) scheme to support the adoption of A2A payments in Europe.
American Banker
JANUARY 25, 2024
Former Federal Deposit Insurance Corp. lawyer Mark Black of Virginia pleaded guilty Tuesday to conspiring to sexually exploit children.
The Paypers
JANUARY 25, 2024
US-based digital workflow company ServiceNow has announced a five-year strategic collaboration with Visa , aiming to launch additional solutions and capabilities.
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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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