Fri.Oct 04, 2024

article thumbnail

Fiserv nets special banking charter in Georgia

Payments Dive

The payments processor is only the second company to win the special bank charter since Georgia made it available.

Georgia 511
article thumbnail

Reinvent lending offerings and business models to stay ahead

Accenture

In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead. Previously, we touched… The post Reinvent lending offerings and business models to stay ahead appeared first on Accenture Banking Blog.

Lending 396
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oportun inks deal to sell credit card portfolio

Payments Dive

The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.

Cards 195
article thumbnail

Creating the best retail banking experience

ATM Marketplace

A panel at the Bank Customer Experience Summit held in Charlotte, North Carolina from Sept. 9 to 11 did a deep dive into ideas and innovation for retail banking.

article thumbnail

It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

article thumbnail

Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one

TheGuardian

Bank-owned ATM numbers are down almost 60%, with many spots now taken by privately-owned machines charging about $3 per withdrawal Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast It is getting increasingly difficult to find an ATM and harder still to find one that doesn’t charge fees, prompting warnings that the push toward a cashless society is neither equitable nor wise.

ATM 92

More Trending

article thumbnail

Newtek tops SBA lender list. It's next hurdle: gaining investor trust

American Banker

Despite strong growth and solid profits, the Miami-based lender, formerly a business development company, still hasn't convinced the market it fits in as a bank.

Miami 78
article thumbnail

SEBES Technology becomes Flagright's latest customer

The Paypers

AI-powered AML compliance solutions provider Flagright has announced that SEBES Technology , a fintech company offering payment solutions, became its latest customer.

article thumbnail

The anti-money-laundering lever that regulators have never used

American Banker

Regulators have never held a hearing on whether to revoke the charter of a bank convicted of a money-laundering-related violation. As TD Bank nears a "global resolution" in connection with its compliance failures, it's unlikely to buck the trend.

article thumbnail

Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credit: shutterstock.com The post Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens appeared first on Bussmann Advisory AG.

Apple 52
article thumbnail

The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

article thumbnail

Revolut reacts to Meta's scam program, Sunwest hires Umpqua exec

American Banker

Challenger bank Revolut calls for Meta's scam info program to reimburse victims; Sunwest Bank taps Umpqua's Mike McKean to lead treasury and payments; Fifth Third launches a new line of business; and more in this weeks banking news roundup.

article thumbnail

Revolut calls on Meta to share fraud reimbursement responsibility

The Paypers

UK-based fintech Revolut has urged Meta to share responsibility for reimbursing users who fall victim to fraudulent activities.

Fraud 68
article thumbnail

The 'Jobs Day' data economists rely on is about to get less dependable

American Banker

The Bureau of Labor Statistics has been so underfunded, for so long, that it has been forced to propose cuts to the vital Current Population Survey, which tracks the unemployment rate. Congress cannot allow that to happen.

Survey 64
article thumbnail

HSBC abandons stake in fintech Monese

The Paypers

HSBC has announced its decision to abandon its stake in fintech Monese , as the financial institution has conceded a significant loss by writing off its investment.

Fintech 45
article thumbnail

Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

article thumbnail

What banks need to know about the CFPB's open banking rule

American Banker

Banks are trying to get a grasp of the Consumer Financial Protection Bureau's financial data rights plan, from preparing for an influx of data requests from fintechs to meeting ongoing compliance.

article thumbnail

Erste Group partners with Salt Edge

The Paypers

Erste Group has announced its partnership with Open Banking solutions provider Salt Edge in order to bring advanced and secure multi-banking services to the CEE region.

Groups 41
article thumbnail

Territorial in Hawaii postpones merger vote as competing offer lurks

American Banker

Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los Angeles-based Hope Bancorp.

Hawaii 41
article thumbnail

The MAC Conference – 2024 Recap

Image Works Direct

No, this is not a sports recap of the Mid-American Conference! This is the Marketing Association of Credit Unions (MAC) Conference set in Hollywood, California. The three-day event created by credit union marketers for credit union marketers featured more than 75 credit unions from across the U.S. and included 16 keynote speakers.

article thumbnail

Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

article thumbnail

Klarna's banking ambitions get a boost from Big Tech

American Banker

The Swedish buy now/pay later lender has partnered with Adyen and Apple as it builds a merchant network ahead of its U.S. IPO.

Apple 53
article thumbnail

Sonovate joins forces with Alloy to mitigate fraud and further expand

The Paypers

UK-based fintech Sonovate has announced that it entered into a strategic agreement with Alloy to implement the latter’s identity risk solution to mitigate fraud while its operations expand.

Fraud 36
article thumbnail

The promise and perils of agentic AI

American Banker

The technology, which turns large language models into autonomous agents, could be a game changer for banks.

article thumbnail

FedNow to expedite FEMA payments for Helene survivors

The Paypers

FedNow has announced that it will expedite Federal Emergency Management Agency (FEMA) payments and transactions for Helene hurricane survivors.

article thumbnail

How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

article thumbnail

New thresholds set for TILA protections, appraisal requirements

American Banker

The Federal Reserve and the Consumer Financial Protection Bureau moderately increased the minimum prices at which the Truth in Lending Act applies to loans and leases.

Lending 36
article thumbnail

Maybank partners Bank of Hangzhou

The Paypers

Maybank has announced its partnership with the Bank of Hangzhou to enhance cross-border financing, advancing artificial intelligence (AI), and digital innovation.

article thumbnail

Critics say FDIC governance proposal overreaches, but proponents say few banks are affected.

American Banker

The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.

FDIC 45
article thumbnail

NTT DATA partners with Naehas to simplify financial solutions

The Paypers

NTT DATA , a worldwide provider of IT services and consulting, has revealed its collaboration with Naehas , a financial services customer experience cloud space.

Data 36
article thumbnail

3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se