Mon.Apr 08, 2024

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Fiserv CEO compensation rose last year to $28M

Payments Dive

Compensation for Fiserv CEO Frank Bisignano climbed 57% over 2022, as the value of stock awarded to him surged and he received a $3 million cash bonus.

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Ensuring Banking Compliance Through Project Management Expertise

Perficient

A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program.

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Tension brews over healthcare payments: JPMorgan

Payments Dive

Healthcare consumers are often confused about the bill payment process, while providers grapple with delays and high collection costs, according to a survey by the bank.

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JPMorgan CEO: 70% of applications to be cloud-native by yearend

BankInovation

JPMorgan continues its cloud migration efforts as it works to move its applications and data to the cloud this year. “Getting our tech to the cloud. … It’s essential,” Chief Executive Jamie Dimon said today in his 2023 letter to shareholders. The $3.

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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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Global economic risks ‘could eclipse anything since second world war’, says JP Morgan boss

TheGuardian

In annual letter to investors, Jamie Dimon warns ‘wars in Ukraine and Middle East could become far worse’ The boss of the US bank JP Morgan has warned that the world could be facing the most dangerous moment since the second world war, putting lives and economic growth at risk. In his annual letter to investors , Jamie Dimon said the world had been “generally on a path to becoming stronger and safer” in recent years but had suffered a major reversal in February 2022 when Russia invaded Ukraine.

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More Trending

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How commercial real estate challenges are affecting banking

American Banker

A combination of higher interest rates and increased vacancies — especially in office buildings — are leading to more apprehensions in commercial real estate.

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LemFi receives CBK approval for Kenya remittance operations

The Paypers

US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.

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Young Women's Leadership Award college scholarship: Apply now

American Banker

The $5000 scholarship from American Banker and Discover is for high school seniors in New York City who are the first generation in their family to attend college. The deadline to apply is May 8, 2024.

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ZA Bank supports stablecoin issuers for web3 adoption

The Paypers

Hong Kong-based ZA Bank has announced plans to offer banking services for stablecoin issuers to cater to the increase in local web3 adoption.

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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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Scott introduces measure to overturn CFPB late fee rule

American Banker

Sen. Tim Scott, R-S.C., ranking member of the Senate Banking Committee, introduced a Congressional Review Act resolution to undo the Consumer Financial Protection Bureau's credit card late fee rule.

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Crédit Agricole and Worldline launch joint payment service 'CAWL'

The Paypers

France-based bank Crédit Agricole has partnered with Worldline to launch CAWL, a joint venture that provides tailored payment services to merchants.

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Schumer presses Capital One, Discover on merger deal

American Banker

Senate Majority Leader Chuck Schumer, D-N.Y., said that he would like to examine the proposed acquisition on "narrower bases.

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Hokodo receives EUR 100 million debt facility

The Paypers

UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has announced that it secured a EUR 100 million debt facility from Viola Credit to support B2B transactions.

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

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Use the Capital One-Discover deal to reshape the credit card market

American Banker

Any approval of the proposed Capital One-Discover merger must come with a pro-competitive 1% interchange fee condition to benefit consumers and small businesses and challenge the dominating duopolist Visa, and a pro-community 5% deposit reinvestment condition.

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PayRetailers receives licence from the Central Bank of Brazil

The Paypers

Payment processing solutions company PayRetailers has announced that it secured its approval from the Central Bank of Brazil (BC) to operate as a payment institution.

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Why Amex is still expanding its pandemic-era restaurant-rescue program

American Banker

To help historic restaurants facing dramatic losses when COVID struck, American Express rolled out grants to 25 needy restaurateurs. Four years later, the program is reaching twice as many establishments and the card network's investment has more than doubled.

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Experian to acquire illion

The Paypers

Financial information services company Experian has decided to acquire illion for nearly USD 542.10 million, in a bid to expand into Australia and New Zealand.

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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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CFPB warns banks of video games' money laundering, fraud risks

American Banker

A new report sheds light on the lack of player protections against scams and exploitive data collection practices of video game companies.

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Finyoz lendtech partners Currencycloud

The Paypers

Finyoz , a lendtech platform specializing in short-term invoice financing, has partnered with Currencycloud , a provider of services for simplifying business transactions across various currencies.

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How Bank of America Seamlessly Melded Five Apps into One

The Financial Brand

This article How Bank of America Seamlessly Melded Five Apps into One appeared first on The Financial Brand. Blending BofA and Merrill apps into one with common functionalities was a step-by-step project that took years. This article How Bank of America Seamlessly Melded Five Apps into One appeared first on The Financial Brand.

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GSR Markets receives Singapore license for crypto trading

The Paypers

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to crypto market maker GSR Markets.

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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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How Should Regulations Evolve to Keep Up with the Banking Industry?

The Financial Brand

This article How Should Regulations Evolve to Keep Up with the Banking Industry? appeared first on The Financial Brand. A handful of new changes in revenue models for the banking industry may call for new liquidity regulations. This article How Should Regulations Evolve to Keep Up with the Banking Industry? appeared first on The Financial Brand.

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CAB Payments receives European payment service provider licence

The Paypers

CAB Payments Europe has announced that it secured a payment service provider licence with De Nederlandsche Bank and established headquarters in Amsterdam.

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The Key to Successful Commercial Banking Lies In Consumerization — Here’s Why

The Financial Brand

This article The Key to Successful Commercial Banking Lies In Consumerization — Here’s Why appeared first on The Financial Brand. Two experts share their expertise on trends, challenges and opportunities shaping the future of business banking for community institutions. This article The Key to Successful Commercial Banking Lies In Consumerization — Here’s Why appeared first on The Financial Brand.

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Oscilar launches AI-powered AML risk platform

The Paypers

Oscilar , a player in AI-Powered financial risk management, has unveiled its AI-Powered AML Risk Platform at the ACAMS Summit in Florida.

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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.