Tue.Jun 04, 2024

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Will cash ever go away?

ATM Marketplace

Is cash on its way out or will it stick around for the future?

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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Read some hot topics discussed by the conference's opening panel. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance.

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Trending Sources

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Top JPMorgan payments executive exits

Payments Dive

Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

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UK bank Standard Chartered accused of helping to fund Iran and terrorists

TheGuardian

Lender denies whistleblowers’ claim transactions worth $100bn were carried out in breach of sanctions Whistleblowers have claimed Standard Chartered allegedly carried out billions of dollars of previously undetected transactions for Iran-linked entities and terrorist organisations, according to a New York court filing. Two whistleblowers, who include a former executive at the British bank, filed a motion last week to set aside a judgment that dismissed an earlier lawsuit they filed, in an attemp

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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FTC delves into scam payments

Payments Dive

In consumer fraud complaints to the federal agency last year, PayPal and Cash App were cited as apps often used by consumers to pay scammers.

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More Trending

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New rule makes BNPL sustainable in long term, experts say

BankInovation

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.

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New lifeline for bank customers as ‘super-ATMs’ go on trial in England

TheGuardian

Residents in areas without branches can withdraw and deposit cash with various high street banks using one machine The first in a planned wave of new “super-ATMs” allowing customers of multiple banks to make cash deposits and free withdrawals have opened for business. Described as a UK industry first, major high street banks have worked together to install “multi-bank deposit ATMs” that could offer a lifeline for residents and small businesses in areas that have in some cases lost all their bank

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Podcast: AI prescription for banks

BankInovation

Financial institutions look to their tech providers to help them embrace new technologies, including AI. At cloud-based fintech nCino, Chief Industry Innovation Officer Anthony Morris works to identify technologies that banks need to implement to keep up with the “industry ahead of them,” he tells Bank Automation News on this episode of “The Buzz” podcast.

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CEO pay went down at most banks last year. These five were outliers.

American Banker

The compensation committees at PNC, BOK Financial and a few other banks decided that their top leaders performed well amid industry challenges, and rewarded them for it.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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ECB launches consultation on cloud outsourcing guidelines

The Paypers

The European Central Bank has launched a public consultation on its new guide concerning the outsourcing of cloud services to cloud service providers.

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BNY Mellon adds PayPal, Venmo to automated routing solution

BankInovation

BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision.

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Is the CFPB reining in buy now, pay later loans too soon?

American Banker

A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.

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Token.io unveils hosted pages for enhanced Pay by Bank experiences

The Paypers

A2A payment infrastructure provider Token.io has launched hosted payment pages to enhance Pay by Bank experiences by boosting conversions and simplifying integrations.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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German American Bancorp sells insurance unit, amplifies deal trend

American Banker

The Indiana bank said it struck a $40 million cash deal to sell its insurance brokerage to the Hilb Group. It joined a growing number of lenders announcing such transactions.

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ModernFi integrates with Q2's Digital Banking Platform

The Paypers

US-based API-driven deposit network ModernFi has announced its integration with Q2 ’s Digital Banking Platform via the latter’s Partner Acceleration Program.

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Data breach at debt collector affects more than 3.2 million people

American Banker

Financial Business and Consumer Solutions disclosed a February breach in April and recently disclosed an expanded victim count. The company faces a class action lawsuit.

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Ria Money Transfer partners with dLocal

The Paypers

US-based Ria Money Transfer has partnered with cross-border payment platform dLocal to offer improved transfers in three regions.

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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.

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Plaid deploys AI to spot unconventional consumer cash-flow sources

American Banker

The San Francisco fintech's newest product seeks to improve lenders' underwriting decisions by identifying gig-work wages, buy now/pay later loans and other income streams gleaned from bank-account data.

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Temenos partners with Mastercard

The Paypers

Temenos has announced its partnership with Mastercard in order to expand cross-border payment capabilities through the use of Mastercard Move.

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Otting takes on NYCB's chair role as turnaround proceeds

American Banker

Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.

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Marqeta partners with Lydia

The Paypers

Global card issuing platform Marqeta has announced the expansion of its partnership with Lydia in order to develop a new digital banking application, Sumeria.

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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.

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There's no right way to set minimum bank capital

American Banker

A recent white paper from former Federal Reserve Gov. Daniel Tarullo suggests that the stress testing regime should be decoupled from bank capital requirements. But if stress testing isn't an effective means of assigning minimum regulatory capital levels, what is?

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Numeral joins forces with BNP Paribas

The Paypers

Banking aggregation and payment automation platform Numeral has entered a collaboration with BNP Paribas to provide further capabilities to payment companies.

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CFPB renews warnings about 'fine print' violations

American Banker

The Consumer Financial Protection Bureau said in a new circular that it's still watching for attempts to get borrowers to sign away rights that can't be waived.

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Fenergo launches AI-powered CLM

The Paypers

Ireland-based Fenergo has launched AI-powered client lifecycle management (CLM) to enable efficiency gains amid intensifying regulation and cost challenges.

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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.