Tue.Nov 22, 2022

FIS may cut thousands of workers, Bloomberg reports

Payments Dive

The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program

Report 322

The Crypto Brat Pack Just Earned Themselves Regulation


Now is the time for bankers to engage lawmakers in how the crypto and digital asset market shapes up. Picture a 1970s mom making a sarcastic statement to her irresponsible son, “ Well you’ve just earned yourself a weekend of chores.”.


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Trending Sources

JPMorgan’s crypto wallet trademark is approved

Payments Dive

The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and is at odds with some statements by its CEO

Congress bill aims to address ATM crime with heftier penalties

ATM Marketplace

A bill in Congress aims to address ATM theft by putting independent ATMs under federal purview

ATM 86

What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

Afterpay, Expedia link for travel BNPL

Payments Dive

The buy now-pay later provider and the travel booking company are teaming up to allow consumers to spread out payments for flights and hotels

More Trending

BNPL connected to overdraft charges, card fees: study

Payments Dive

Heavy users of buy now-pay later ? which researchers said inspires consumers to spend beyond their means — showed larger declines in financial health, a recent academic study determined

Study 212

How AI revamps financial services and the banking experiences


We witness more and more artificial intelligence applications in financial services in the post-pandemic era.

Demand for credit cards climbed this year

Payments Dive

Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate

Cards 195

Video: How to Avail No-Cost EMI on Amazon


Here’s a quick video tutorial that will show you how to avail no-cost EMI offers on Amazon using your YES Bank-BankBazaar FinBooster Credit Card or your RBL Bank BankBazaar SaveMax Credit Card. Ready to explore no-cost EMI offers on top electronics with your Credit Card and pick out your favourite?

Video 78

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Red states are where the anti-ESG action is

American Banker

ESG Regulation and compliance Politics and policy

Best FD Interest Rates in November 2022


If guaranteed returns are in your short-term or long-term financial goals, a fixed deposit is what you may be looking for. Opting for a fixed deposit is a sure-shot way of creating wealth without the risk of fluctuating interest rates that occur due to changing economic and market conditions.

Inside Marketing: 3 Things Credit Unions Can Learn From Lionel Messi

William Mills

The 2022 World Cup is quickly approaching, and many soccer legends are participating in their final world cup games. One of them is Lionel Messi —a soccer (or football, for those not in the U.S.) professional that has inspired millions of soccer fans around the globe. Credit Union Marketing

PacWest in Los Angeles accelerates CEO succession

American Banker

Industry News Community banking

The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

The Treasury Department has released a report entitled “ Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.” The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Visa teams with fintech to improve international small-business payments

American Banker


CFPB Releases Analysis of Consumer Complaints Related to Crypto-Assets

CFPB Monitor

Pointing to a growth in consumer complaints related to crypto-assets, on November 10 th , 2022, the Consumer Financial Protection Bureau (the “CFPB”) released a Complaint Bulletin , which analyzed in excess of 8,300 consumer complaints that the CFPB had received related to crypto-assets.

Cracking down on 'woke' banks may be good politics,  but it's bad policy

American Banker

Climate change Regulation and compliance Politics and policy

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

Arizonans Approve Decrease to Maximum Interest Rate on Medical Debt and Increases to Homestead and Other Exemptions

CFPB Monitor

With 72% voting in favor, Arizonans approved Proposition 209 decreasing the maximum lawful annual interest rate on “medical debt” from 10% to 3%, and increasing the amount of the homestead and other exemptions.

Wells Fargo charged borrower $40,000 in excessive legal fees, judge rules

American Banker

Litigation Commercial lending Commercial banking

HUD Issues Final Rule Permitting Private Flood Insurance with FHA Loans

CFPB Monitor

The U.S. Department of Housing Urban Development (HUD) recently issued a final rule permitting the use of private flood insurance policies with FHA-insured mortgage loans.

Bank and VC consortium to invest in emerging fintechs


Community banks and venture capital firms are joining forces through the newly launched BTech Consortium to help smaller financial institutions (FIs) invest in emerging fintech technologies to the tune of $100 million.

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

G4S strike prompts fears of festive cash shortages at banks and shops


More than 1,000 staff who deliver money to firms such as Barclays, Asda and Tesco to take action More than 1,000 security workers who deliver cash and coins to some of the UK’s biggest banks and supermarkets have voted to strike in December, raising the prospect of potential cash shortages in the run-up to Christmas.

Listen: How FIs can improve CX through site search personalization


Raleigh, N.C.-based based First Citizens Bank is leveraging the services of a fintech to offer search personalization and improve the customer experience. The $108 billion bank has a search bar in the middle of its homepage for easy navigation.

Credit unions' student lending gets back on track

American Banker

Credit unions Student loans

Truist CIO Bryce Elliott joins Bank Automation Summit US 2023 speaker faculty


Bryce Elliott, executive vice president and chief information officer for wholesale and enterprise payments technology at Truist, joined the speaker faculty for the Bank Automation Summit U.S.

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.