X picks up two more state money licenses
Payments Dive
NOVEMBER 30, 2023
South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.
Payments Dive
NOVEMBER 30, 2023
South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.
CFPB Monitor
NOVEMBER 30, 2023
This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .
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Payments Dive
NOVEMBER 30, 2023
The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.
Gonzobanker
NOVEMBER 30, 2023
To develop an effective, low-cost deposit growth strategy, take some tips from the high performers. Deposit retention and growth is strategic priority #1 in the banking industry today. But although financial institutions need a long-term strategy for a near-term challenge, playing the “rate game” is a race to the bottom. Finding growth has been a rough slog for banks and credit unions throughout 2023.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Payments Dive
NOVEMBER 30, 2023
The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
NOVEMBER 30, 2023
The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.
Jack Henry
NOVEMBER 30, 2023
Building a digital banking strategy is necessary to grow revenue. Click to learn banking strategy advice captured from the “Growing Revenue” track at Jack Henry™ Connect.
TheGuardian
NOVEMBER 30, 2023
As chancellor during the financial crisis he showed great wisdom and courage, and he played a huge part in keeping the UK intact in the Scottish referendum The news of Alistair Darling’s death on Thursday came as a terrible shock to us all. A statesman of unimpeachable integrity and a man driven by a deep sense of social justice, twice in his career he stepped up when his country needed him and demonstrated a level of wisdom, courage and calmness that is granted to only the most exceptional of p
CFPB Monitor
NOVEMBER 30, 2023
The Consumer Bankers Association has issued the second blog post of its four-part “Facts Matter” blog series. In the second blog post, CBA “explains how the [CFPB’s] public statements can mislead market observers by painting an inaccurate picture of the credit card marketplace.” CBA identifies various ways in which the CFPB’s October 2023 report (Report) under the Credit Card Accountability Responsibility and Disclosure Act tells “a different, richer, story about credit card fees” than the sto
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
TheGuardian
NOVEMBER 30, 2023
Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008 Full report: Alistair Darling dies aged 70 Tributes paid to former chancellor – business live UK politics live – latest updates Alistair Darling spent three turmoil-filled years as Gordon Brown’s chancellor but the crunch came in October 2008 when he was summoned out of a meeting of EU finance ministers to take a call from Royal Bank of Scotland, then the UK’s biggest bank.
CFPB Monitor
NOVEMBER 30, 2023
The CFPB recently announced the settlement of a bankruptcy court adversary proceeding filed jointly with the Attorneys General of 11 states against Prehired, LLC (Prehired) and two affiliated companies (Prehired Affiliates) for alleged violations of the Truth in Lending Act (TILA), the Fair Debt Collection Practices Act (FDCPA), and the Consumer Financial Protection Act (CFPA) in connection with a vocational training program operated by Prehired and related Income Share Agreements (ISAs) offered
BankInovation
NOVEMBER 30, 2023
Royal Bank of Canada is set to close its CA$13.5 billion ($10 billion) all-cash acquisition of HSBC Canada in the first quarter of next year as the bank works through its integration plans.
American Banker
NOVEMBER 30, 2023
After nearly a decade of regulatory headaches, Discover Financial Services is looking to sell its private student loan business. Its stock jumped 4% after the news.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
BankInovation
NOVEMBER 30, 2023
Financial institutions may consider which payment rails to integrate — whether RTP or FedNow — but the right answer might be both.
American Banker
NOVEMBER 30, 2023
In November's roundup of top banking news: Citigroup approaches newest wave of job cuts and managerial shifts, Truist Financial nearly doubles most-senior executive leadership team, JPMorgan Chase faces regulatory inquiries and more.
TheGuardian
NOVEMBER 30, 2023
Lender to ramp up cost-cutting plans after rescue deal and assess seven-days-a-week branch model Metro Bank plans to cut about 800 jobs by the end of March, and review its famous seven-days-a-week branch model, after ramping up cost-cutting plans in the wake of last month’s multimillion-pound rescue deal. The lender said plans to cut a fifth of its 4,000-strong workforce followed “further evaluation of the cost base”, which found it could save up to £50m a year, including by investing in automat
American Banker
NOVEMBER 30, 2023
Top tech news in November: The Office of the Comptroller of the Currency's appointee to the Office of Financial Technology comes into question, Mint's closure presents opportunities for banks, bank and fintech leaders look towards generative artificial intelligence for innovation and more.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
Bussman Advisory
NOVEMBER 30, 2023
This week’s must-know stories in the FinTech, AI and Digital Asset space: Apple and Goldman Sachs set for breakup JP Morgan is live on multi bank tokenized deposit platform Partior Commerzbank builds GenAI-powered virtual assistant Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech &
American Banker
NOVEMBER 30, 2023
Texas-based RBFCU, the tenth largest credit union in the nation, promoted Mark Sekula from CFO to CEO, replacing Christopher O'Connor, who will retire in March.
The Paypers
NOVEMBER 30, 2023
Trading and investing platform eToro has received approval for Financial Services Permission (FSP) from the regulatory authority of ADGM to operate in the UAE.
American Banker
NOVEMBER 30, 2023
The bank is trying to reach women and investors from groups that wouldn't traditionally have done business with the white-shoe firm in years past, Alice Milligan said on a marketing panel.
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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.
The Paypers
NOVEMBER 30, 2023
Nucleus Commercial Finance (NCF) has announced up to GBP 200 million in new funding from NatWest to strengthen its SME loans business.
American Banker
NOVEMBER 30, 2023
Bakhshi looks back on her nearly four-decade career and reflects on what has changed in the industry over the years.
The Paypers
NOVEMBER 30, 2023
Singapore-based hospitality provider Hudini has partnered with FreedomPay to improve commercial transactions on hospitality apps.
American Banker
NOVEMBER 30, 2023
Los Angeles-based City National Bank recorded a $247 million loss during a tumultuous final quarter of its fiscal year. But executives at the bank's Canadian parent company say they expect a return to profitability in the first quarter.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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