Payments Dive

MAY 23, 2024

This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.

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Gonzobanker

MAY 23, 2024

It’s “leave your emotions at the door” time when making a core system decision. Esteemed Gonzo readers, let’s get right to one of the core challenges in banking. Every financial institution needs to get real, tangible returns on every technology investment it makes, and core systems are a critical piece in increasing or hurting these returns.

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Payments Dive

MAY 23, 2024

“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.

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Cards Payments 221

BankInovation

MAY 23, 2024

TD Bank is exploring the use of generative AI within its institution through pilot programs. “Understanding how generative AI can be used to augment the work of our colleagues has always been our focus,” Imran Khan, head of TD Invent, the bank’s innovation arm, told Bank Automation News.

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Innovation 119

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BankUnderground

MAY 23, 2024

Marco Garofalo, Giovanni Rosso and Roger Vicquery Most international trade is denominated in dominant currencies such as the US dollar. What explains the adoption of dominant currency pricing and what are its macroeconomic implications? In a recent paper , we explore a rare instance of transition in aggregate export invoicing patterns. In the aftermath of the depreciation that followed the Brexit referendum in 2016, UK exporters progressively shifted to invoicing most of their exports in dollars

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Data Study Policies Exercises 106

American Banker

MAY 23, 2024

The bank took a big hit on an office property in Washington, D.C., during the first quarter. This month, it filed a shelf registration statement for an offering of up to $150 million that could be used to bolster capital or refinance debt.

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BankInovation

MAY 23, 2024

Nvidia’s data center revenue skyrocketed during its fiscal first quarter 2025 as companies look to the chip-making giant for AI infrastructure. Data center revenue reached $22.6 billion, up 427% year over year, according to the company’s earnings report for the quarter ended April 28.

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American Banker

MAY 23, 2024

New technology decoupling payment cards from the funding source of the transaction would stimulate competition between card issuers and networks — and raise prospects for Capital One's proposed $35 billion acquisition of Discover Financial Services.

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The Paypers

MAY 23, 2024

Trading and investment platform eToro has partnered with Arabesque AI to launch a new Sharia-compliant portfolio for users in the Middle East.

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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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American Banker

MAY 23, 2024

In this week's edition of the American Banker news quiz, see how well you know current items about the Federal Deposit Insurance Corporation, mergers and acquisitions, the Consumer Financial Protection Bureau and more.

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BankInovation

MAY 23, 2024

Ally Financial is continuing to invest in technology and generative AI to offer improved car sale recommendations and inventory options for dealers.

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Detroit Technology How To Data 66

American Banker

MAY 23, 2024

The SEC's pending requirement that securities trades settle within one day shouldn't be a problem for any modern financial firm. What we should be aiming for is real-time settlement.

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Security blockchain Compliance Technology 73

The Paypers

MAY 23, 2024

Google Pay has announced the launch of three new features that aim to provide customers with an optimised and secure checkout experience.

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Google Payments Security 69

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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ABA Community Banking

MAY 23, 2024

The ABA Foundation announced that DeKalb, Mississippi-based Commercial Bank became the 1,000th bank to participate in its free financial education programs. The post ABA Foundation reaches financial education milestone with 1,000 participating banks appeared first on ABA Banking Journal.

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Commercial Lending USA

MAY 23, 2024

Commercial Lending USA put together this detailed guide to help people who want to borrow money learn more about construction loan interest rates.

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Lending 52

American Banker

MAY 23, 2024

Executives at the Toronto-based bank said last year that they planned to add 150 branches in the United States. But when pressed on Thursday, they could not say how much they'll scale back their ambitions due to investigations over TD's anti-money laundering practices.

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United States 52

The Paypers

MAY 23, 2024

Digital financial solutions provider UnaFinancial has partnered with JSCB Microcreditbank to deliver instalment loans to micro-entrepreneurs with 3, 6, and 9-month repayment terms.

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American Banker

MAY 23, 2024

Numisma Bank, a de novo bank backed by former Federal Reserve Vice Chair Randal Quarles, is the first bank without deposit insurance to be granted conditional approval under the Fed's new master account application framework.

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Policies Compliance Regulation 50

The Paypers

MAY 23, 2024

Finastra , a provider of financial software applications and marketplaces, announced its selection by LGT to implement instant payment services in Austria and Liechtenstein.

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Payments Software 45

American Banker

MAY 23, 2024

The outgoing CEO, now executive chairman of the Wall Street firm, told a conference at the Federal Reserve Bank of New York this week that cultural values are a critical element in any prospective merger or acquisition deal.

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The Paypers

MAY 23, 2024

US-based Banking-as-a-Service platform Synctera has announced the launch of the Bring Your Own Bank (BYOB) model, intending to improve the customer experience further.

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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American Banker

MAY 23, 2024

An agreement with the Office of the Comptroller of the Currency will require Dallas-based Comerica Bank to institute a list of corrective actions regarding a range of compliance issues, including wealth management, third-party risk and financial accounting.

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Compliance Dallas Management Regulation 41

The Paypers

MAY 23, 2024

Thailand-based KASIKORNBANK (KBank) has expanded its mobile payment service by integrating its KBank Visa Credit Card with Google Pay in the Google Wallet app.

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Google Cards Mobile Payments 45

American Banker

MAY 23, 2024

The bank plans to use artificial intelligence to make recommendations based not just on transaction analysis, but on shopper intent and behavioral data.

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Analysis Data Technology 41

The Paypers

MAY 23, 2024

UK-based payments provider DNA Payments has partnered with SUNMI to solidify both companies’ presence in the UK and expand their solution offering.

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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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