Pay-by-bank holds promise
Payments Dive
MAY 3, 2024
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
Payments Dive
MAY 3, 2024
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
BankInovation
MAY 3, 2024
Financial institutions that have gained agility through long-term technology investments are better prepared to complete mergers and acquisitions with limited client disruption. Technology integration during M&A activity is a customer-centric issue for banks, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News.
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Payments Dive
MAY 3, 2024
Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.
ATM Marketplace
MAY 3, 2024
Digital avatars, could hold the key to unleashing a new era of AI-powered excellence in customer service, especially at the digital banking level.
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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.
Payments Dive
MAY 3, 2024
The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
MAY 3, 2024
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
BankInovation
MAY 3, 2024
Tech giant Apple reported record revenue from its services businesses, which include payments and iCloud, and is going knee-deep in its generative AI foray. “We set an all-time revenue record in services with $23.9 billion, up 14% year over year,” Chief Executive Tim Cook said during the company’s second- earnings call May 2.
American Banker
MAY 3, 2024
On both sides of the Atlantic, regulators have failed to live up to their promises about how they would approach bank failures. Until they do, the industry operates in legal limbo.
BankInovation
MAY 3, 2024
Block’s Cash App profit and number of users grew in the first quarter as the payments provider integrated buy now, pay later provider Afterpay.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
American Banker
MAY 3, 2024
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
The Paypers
MAY 3, 2024
The Avalanche C-Chain network has integrated with payment firm Stripe , allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets.
TheGuardian
MAY 3, 2024
CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair HSBC’s chief executive, Noel Quinn, is seen by many as ending his five-year tenure on a high note. The 62-year-old stunned the banking world this week by saying he planned to retire after an “intense” five years in the role to get a better work-life balance.
The Paypers
MAY 3, 2024
STC Bahrain has expanded its contactless payment options for customers by integrating Samsung Wallet into its services.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
American Banker
MAY 3, 2024
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
The Paypers
MAY 3, 2024
Iress has partnered with Nomo Bank , the UK-based Sharia-compliant digital bank, in order to incorporate the latter’s mortgage products in its suite of solutions.
American Banker
MAY 3, 2024
The Federal Reserve has proposed that the two payments services run seven days a week, meaning they'd no longer close on weekends or holidays. The public has 60 days to comment.
The Paypers
MAY 3, 2024
Brite Payments , a provider of instant bank payments, has teamed up with Shopware , an ecommerce platform in Europe, to introduce Open Banking-based instant payments to businesses across the continent.
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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
American Banker
MAY 3, 2024
Former Silicon Valley Bank exec Floyd Kessler joins Comerica as executive vice president and chief business control officer; Melissa Holding succeeds Michael Robinson as head of wealth management at Huntington; Goldman Sachs' Alexander Mayer is set to take on a senior position at JPMorgan Chase; and more in this week's banking news roundup.
The Paypers
MAY 3, 2024
Cashflows has launched the new Cashflows Developer Portal, an enhanced portal for a one-stop-shop to empower merchants and partners with access to all of Cashflows’ products and services.
American Banker
MAY 3, 2024
The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
The Paypers
MAY 3, 2024
The European Parliament has passed a suite of Anti-Money Laundering (AML) regulations that target several financial services and entities, including cryptocurrency.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
American Banker
MAY 3, 2024
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
The Paypers
MAY 3, 2024
dLocal , a cross-border payment platform, has partnered with Open English , an online English-learning platform operating across more than 30 countries globally.
American Banker
MAY 3, 2024
Toronto-Dominion disclosed last year that it was under investigation by the department. Canada's second-largest lender also faces probes by three U.S. regulators over its handling of suspicious customer transactions.
The Paypers
MAY 3, 2024
DNA Payments an omnichannel payments company has partnered with Aero Commerce aiming to provide online retailers with high-performance, simple, unified payments.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
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