Wed.Apr 10, 2024

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The banking and crypto markets may be more symbiotic than you think

American Banker

Many assumed the advent of cryptocurrencies heralded a revolution in finance. The truth may be that crypto's overall impact on the financial services industry is more evolutionary than revolutionary.

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PayPal’s new CEO lands $42M pay package

Payments Dive

The bulk of that compensation stems from a major stock grant handed to Alex Chriss when he took the digital payments company’s top post last year.

Payments 221
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Truist parts ways with another CIO

BankInovation

The shakeup at Truist Financial continues. Truist Financial Chief Information Officer Scott Case has left the Charlotte, N.C.-based bank, a source close to the matter told Bank Automation News. Case took on the role of CIO at Truist in December 2019, according to his LinkedIn profile. He joined Truist through the SunTrust–BB&T merger.

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Capital One’s Discover bid tops biggest Q1 tech-related deals

Payments Dive

The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Transactions: Google Cloud powers Quantum Metric’s gen AI tool

BankInovation

Digital analytics platform Quantum Metric used Google Cloud’s Gemini Pro to launch its generative AI-powered session summarization tool Felix AI on April 4.

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The core transformation trail

ABA Community Banking

Core banking conversion is a daunting trek. Consultants can be a guide on the trail, but choosing one is its own challenge. The post The core transformation trail appeared first on ABA Banking Journal.

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Ripple's $2 billion fine may close ugly chapter in history

American Banker

The penalty roughly matches the amount of money the SEC estimates Ripple and its leaders have profited from sales of XRP, which the agency says are unregistered securities.

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Entrust finalises Onfido acquisition

The Paypers

Payments, identities, and data company Entrust has completed its acquisition of Onfido , an identity verification company, to combat deepfakes and AI-powered cyber attacks.

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Capital reform could 'deviate' from Basel agreement: Fed's Bowman

American Banker

The Federal Reserve Board governor and frequent regulatory critic says it would be appropriate for the U.S. to deviate from the agreed-upon international standards to reflect "unique characteristics" of the American banking system.

Capital 53
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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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PayU partners with PayPal

The Paypers

Online payment solutions provider PayU has announced its partnership with PayPal in order to improve cross-border payments for India-based merchants.

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Instant Payments: What FedNow Could Learn From Brazil’s Pix

The Financial Brand

This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand. Pix instant payments accelerated way beyond credit and debit in 2023. Growing popularity for digital wallets could give FedNow an opening. This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand.

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SurePay's solutions available on Temenos Exchange

The Paypers

Payment verification solution provider SurePay has announced the availability of its services on the cloud-based Temenos Exchange partner ecosystem.

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Ameriprise to pick up $2B credit union program from LPL

American Banker

Kinecta Wealth Management, the wealth arm of Kinecta Federal Credit Union, will switch firms by the end of the year.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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Post Office offers cash deposits from Monzo customers

The Paypers

UK-based Post Office has enabled cash deposits for digital bank Monzo ’s customers across all of the former’s facilities in the UK.

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Employee Spotlight: Shelby Moyer

Image Works Direct

Meet Shelby Moyer, one of the image.works copy team’s most versatile writers! Originally from the Seattle area, she’s now settled in her husband Cody’s home state of Wisconsin, where they recently bought their first home. When Shelby’s not at work, you can find her thrifting/antiquing, reading or exploring the outdoors with her dogs, Maizie and Teddy.

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Nuvei secures MPI license in Singapore

The Paypers

Nuvei has secured an MPI license in the region of Singapore to accelerate its APAC expansion and to provide customers in the country with additional solutions.

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Fannie Mae, Freddie Mac regulator, CSBS agree to share nonbank info

American Banker

The memorandum creates channels for sharing information about nonbanks between the Federal Housing Finance Agency and the Conference of State Bank Supervisors.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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FICO and Atto enable Open Banking integration for UK lenders

The Paypers

UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.

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Mastercard realigns business structure, NY Fed joins cross-border test

American Banker

Mastercard established a new structure for businesses focused on card acceptance and transaction processing, new payment flows and value-added services. Separately, the Federal Reserve Bank of New York is joining several countries' central banks in a test of tech to support cross-border transactions.

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Santander to launch Openbank in the US

The Paypers

Santander has launched a new national, digital offering in the region of the United States under the Openbank brand, aiming to improve customer experience.

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Gen Zers Aren’t Going to College. Here’s What That Means for Banks.

The Financial Brand

This article Gen Zers Aren’t Going to College. Here’s What That Means for Banks. appeared first on The Financial Brand. Gen Zers are pursuing non traditional career paths. This could mean big changes for banks and credit unions. This article Gen Zers Aren’t Going to College. Here’s What That Means for Banks. appeared first on The Financial Brand.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Aterian partners with Mercado Libre

The Paypers

US-based consumer products platform Aterian has begun selling product on the Mercado Libre marketplace.

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Banks wrestle with CEO succession plans

American Banker

JPMorgan Chase's board has announced the slate of candidates to replace Jamie Dimon if he ever retires. The bank is just one of several large institutions that have recently decided on who will take over the top job.

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Internet Bank Bunq secured EUR 29 million

The Paypers

Internet Bank Bunq has announced the rise of EUR 29 million capital injection, as it made a net profit of EUR 53 million in 2023 via its increased interest income.

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FDIC's Gruenberg: We have a strategy to fail a 'too big to fail' bank

American Banker

Federal Deposit Insurance Corp. Chairman Martin Gruenberg says the agency would likely use a resolution strategy for a global systemically important bank that puts the holding company into resolution and keeps subsidiaries operating under a bridge company.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.