Fri.Jun 09, 2023

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PayPal revamps SMB approach

Payments Dive

The digital payments pioneer told investors that it’s counting on a revised small and mid-sized business strategy to drive higher profit margins.

Strategy 293
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How can banks lead the pack in open finance growth?

Accenture

With Open Banking evolving into Open Finance around the world, it has been difficult to gather the necessary data to track its progress and see the patterns evolving in different regions. Thanks to Open Banking Excellence, that data has been gathered and analyzed in a new report, The Open Finance Index. The report sets a benchmark… The post How can banks lead the pack in open finance growth?

Regional 221
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Affirm CFO acknowledges ‘difficult environment’

Payments Dive

Bank failures and macroeconomic challenges have made capital markets challenging to navigate, Affirm CFO Michael Linford said.

Capital 284
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Why banks should embrace remote work, especially for payment testing

ATM Marketplace

Financial organizations can benefit dramatically from offering flexible work options to their employees.

Payments 124
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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Block’s Ahuja chases bitcoin users for Cash App

Payments Dive

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

Bitcoin 221

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Big commercial real estate downturn could sink 300+ banks: Report

American Banker

Economic analysis from the real estate advisory CBRE finds that community banks are particularly imperiled by their exposure to commercial real estate loans. Others see looming risks in indirect lending.

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Nationwide’s £100 payouts labelled ‘unfair’ by some customers

TheGuardian

Longstanding members angry at being excluded from £340m cash giveaway, which starts next week A £340m cash giveaway kicks off next week when one-off payments of £100 apiece will start appearing in the bank accounts of 3.4 million Nationwide building society customers. However, the unprecedented payout has created a “haves” and “have nots” split within the society’s membership, with some longstanding customers and people holding multiple Nationwide products angry at being excluded.

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Why Apple Pay Later is the tortoise in the buy now/pay later race

American Banker

The slow rollout of Apple's buy now/pay later service contrasts starkly with the aggressive moves of leading BNPL fintechs. Analysts say Apple's restraint could pay off in time.

Apple 92
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What in the World is FedNow?

TrustBank

Over the last five years, we’ve fielded quite a few questions about cryptocurrencies, blockchain and central bank digital currencies (CBDC). The latter appears to be popping up more frequently and tied to concerns about the rise of big brother and the potential of lost privacy. Along these lines, there have been a number of recent inquiries about FedNow and whether it is a CBDC or some new nefarious technology.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Northwest Bank gains sticky deposits through Deluxe

BankInovation

Northwest Bank has improved its customer acquisition and retention through personalized, automated marketing and digital offerings since implementing data-driven marketing agency Deluxe in 2021.

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New York credit union signs first contract with organized employees

American Banker

Genesee Co-op Federal Credit Union in Rochester implemented the labor agreement after more than 14 months of bargaining.

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Expand.network launches API adapter to connect blockchains

The Paypers

Singapore-based Expand.network , an API service offering both read and write connectivity to major public blockchains and DeFi protocols has announced its official launch for public use.

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SECU's smaller sibling delays spinoff, citing need for branches

American Banker

Local Government Federal Credit Union is postponing its separation from State Employees Credit Union, which has shared its technology and footprint for decades, to establish its own physical presence.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Qorbis partners Mbanq to create personalised fintech solutions

The Paypers

End-to-end embedded finance and fintech personalisation company Qorbis has partnered with BaaS provider Mbanq to create tailored financial control solutions for the US market.

Fintech 36
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PacWest begins sale of $5.7 billion loan portfolio to Kennedy Wilson

American Banker

PacWest Bancorp has completed the first part of the sale of a $5.7 billion loan portfolio to the real estate investment company Kennedy Wilson Holdings as the U.S. regional bank takes steps to shore up liquidity.

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Stackline launches Universal Stores

The Paypers

US-based retail technology provider Stackline has launched Universal Stores, a modular system that aims to increase conversions for retailers.

Retail 41
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The payments technology banks are adopting

American Banker

Smaller banks face challenges in providing their business customers with modernized tools to streamline payments, but the newest breed of embedded banking tools are making it easier for banks to help businesses increase revenue and cut costs.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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iDenfy provides ID verification and AML screening services for P100

The Paypers

Lithuania-based fraud management service provider iDenfy has partnered with Poland-based cryptocurrency and financial service platform P100.

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Vista Bank plots Florida expansion

American Banker

The Dallas-based institution has hired Dan Sheehan, a veteran banker and the former CEO of Professional Bank, to head the effort that will include opening a branch in Palm Beach County later this year.

Florida 36
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American Express and Plaid announce data sharing agreement

The Paypers

American Express has partnered with data network Plaid for an API-based integration set to offer new digital banking options for customers and better account security.

Data 36
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Banking news roundup

American Banker

Five Star Bancorp expands into San Francisco, American Express to integrate with data aggregators Plaid and Yodlee, Bank of America reworks leadership in its investment banking unit and more in this week's banking news roundup.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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Clear Junction launches digital collaborative platform

The Paypers

UK-based payment solutions provider Clear Junction has launched ‘CJClique’, a new platform designed specifically for clients in the digital asset space.

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Bank of America faces lawsuit alleging it charged servicing junk fees

American Banker

A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.

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Phos partners with Tyl by NatWest to deliver Android SoftPoS in the UK

The Paypers

SoftPoS orchestrator Phos by Ingenico has partnered with NatWest to launch their Tap to Pay solution for its payment service Tyl by NatWest on Android devices.

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Binance.US set to be cut off from banking system after SEC lawsuit

American Banker

Binance.US told users its payment and banking partners had signaled an intent to pause support for the exchange's dollar channels as early as June 13.

System 36
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.