Mon.Aug 14, 2023

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Striking a Balance: Fraud Prevention Versus User Experience in Digital Applications | FinTalk

Jack Henry

Learn about the importance balance between fraud prevention and user experience in digital applications in our newest Fintalk Blog.

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Ultimate 5-Step Guide to Transitioning from Google Optimize

Perficient

Ready for your Google Optimize sunset replacement? Strategies for Seamless Migration and Accelerated Experimentation Growth The upcoming Google Optimize sunset has made it crucial for businesses to find reliable replacements. In today’s data-driven environment, the functionality of data experimentation tools is paramount. Relying on A/B testing tools for measuring and enhancing website optimization is key to increasing user satisfaction and conversion rates.

Google 419
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PayPal names Intuit exec as CEO

Payments Dive

Long-time Intuit executive Alex Chriss will lead the digital payments pioneer and join its board, as Dan Schulman steps down and plans to leave the board next year.

Payments 370
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DOJ proposal to increase accessibility of government websites and mobile apps could guide accessibility for places of public accommodation

CFPB Monitor

On August 4, 2023, the U.S. Department of Justice (“DOJ”) released its highly anticipated proposed changes to the regulations implementing Title II of the Americans with Disabilities Act (“ADA”). Title II prohibits state and local governments from discriminating against individuals with disabilities. The regulations aim to increase accessibility of websites and mobile applications by clarifying how these public entities can meet their ADA obligations on a technical level. .

Mobile 147
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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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Discover CEO Roger Hochschild resigns

Payments Dive

The card issuer appointed board member John B. Owen as interim CEO and president on Sunday, effective Monday.

Cards 370

More Trending

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Ampm opens autonomous convenience store in San Francisco stadium

Payments Dive

The store uses AiFi and Verizon Business technology to power a frictionless shopping experience where customers swipe a credit card at the entrance, grab their items and leave.

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Fears UK’s cashless society will leave more than just the vulnerable behind

TheGuardian

There have long been concerns that older people will suffer as we ditch coins and notes, but other groups, such as tourists, may also be affected Armando Bordalo e Sá planned ahead before coming to London for a five-day trip this summer, exchanging euros for sterling at a good rate to pay for meals, tickets to events and other expenses. But by the end of his short trip, much of it went unused, because so many places no longer accept cash, and he had racked up a series of unwanted charges from hi

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How digital value is poised to transform payments

Payments Dive

With the rising global adoption of digital payments, businesses that leverage digital value will better connect with customers and accelerate revenue growth.

Payments 195
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City watchdog to contact MPs and other PEPs to ask if they have been debanked

TheGuardian

Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders The City watchdog is to write to politicians and civil servants asking whether they have been denied banking or other financial services, following the scandal that erupted after Nigel Farage’s accounts were threatened with closure.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Splitit targets areas BNPL rivals have ‘underserved:’ CEO

Payments Dive

The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.

Payments 195
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Italy’s Meloni defends windfall tax move against banks

TheGuardian

PM says ‘the right things must be done’, having watered down measure in response to fall in lenders’ shares Italy’s prime minister, Giorgia Meloni, has doubled down on a shock decision to introduce a 40% windfall tax on banks, saying she would “do it again” despite having sent lenders’ shares plunging last week. The leader of the rightwing Brothers of Italy party told Italian newspapers on Monday that implementing the tax was the right decision for her government, which is the latest to target b

Taxes 70
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Bankers find second careers as fintech founders

American Banker

White Clay and Quantalytix are two financial technology providers whose founders spent more than a decade in banking and are intimately familiar with the issues they try to solve.

Fintech 69
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Ant Group expands cross-border payment services for Asian Games 2023

The Paypers

Ant Group has offered multiple cross-border digital payment options for travellers at the Asian Games, an Olympics-style sport event for Asian countries in 2023.

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The State of Automation in Financial Services 2024 Report

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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Credit union reaching out to Spanish speakers in their own language

American Banker

OnPath Federal Credit Union in Louisiana recently launched a Spanish-language microsite to provide native speakers access to digital products that are simpler to navigate and content that's easier to understand.

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UBS to pay $1.43bn in penalties over mortgage fraud prior to 2008 crisis

TheGuardian

Banking group settles US government lawsuit alleging fraud related to residential mortgage-backed securities in 2006 and 2007 Banking group UBS has agreed to pay $1.43bn in penalties to settle a civil action alleging fraud in the sale of residential mortgage-backed securities ahead of the 2008-09 financial crisis, the company and the US justice department said on Monday.

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Discover CEO's sudden exit follows a wave of compliance issues

American Banker

Discover Financial Services' announcement of the immediate resignation of longtime executive Roger Hochschild comes weeks after the company announced it overcharged merchants for 16 years.

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Mastercard to buy stake in MTN’s $5.2B fintech unit

BankInovation

Mastercard Inc. has agreed to take a minority stake in the financial-technology business of MTN Group Ltd., Africa’s biggest wireless carrier, sending the telecom company’s stock soaring by as much as 10%.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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After merger fails, TD inks smaller community plan in New Jersey

American Banker

The Canadian bank committed Monday to lending and investing over $2 billion in the Garden State's lower-to-middle income communities over the next three years. A $50 billion, multi-state agreement was scrapped earlier this year after TD failed to get approval to buy First Horizon Corp.

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PayPal names Intuit’s Alex Chriss CEO, replacing Schulman

BankInovation

PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant. Chriss, who led Intuit Inc.’s QuickBooks business, will start in the new role on Sept. 27, according to a statement Monday.

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As the U.S. and China move apart, two big banks are bucking the trend

American Banker

JPMorgan Chase and Citigroup are funneling more investment into China, even as relations between the countries sour and Washington bans U.S tech investments that could bolster its rival's military capabilities.

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Mastercard to acquire a stake in South Africa's MTN

The Paypers

Mastercard has decided to acquire a minority stake in the fintech arm of South Africa-based MTN , with a value of USD 5 billion.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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FDIC: Office loans, nonbank financing, cybersecurity are top bank risks

American Banker

In its annual report, the Federal Deposit Insurance Corp. explored the various credit, market and operational risks facing the banking sector. It also explored crypto and climate issues.

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Check Point buys Perimeter 81 to augment its cybersecurity

The Paypers

US-based Check Point has acquired Perimeter 81 for USD 490 million to beef up its tools for remote and hybrid workers.

Tools 69
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Proposed legislation would regulate AI adoption in EU

BankInovation

The EU AI Act, proposed in June after two years of talks, could have implications on how financial institutions across Europe use and implement AI.

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Brazil's Congress moves towards imposing higher cryptocurrency taxes

The Paypers

Brazilian legislators have been moving forward with laws that would increase taxes on cryptocurrencies held overseas.

Taxes 68
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.