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.

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South Dakota Kansas social media Payments 259

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.

Strategy 155

Strategy Industry Lending Marketing 155

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.

Tools 195

Tools Technology Payments 195

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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Community Regulation System FDIC 147

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Payments Dive

NOVEMBER 30, 2023

The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.

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US Payments Company 243

Payments Dive

NOVEMBER 30, 2023

The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.

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Cards 221

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

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National US Management 128

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

Cards 78

Cards Report Marketing 78

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.

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Meeting Report Policies 87

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Fintech

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

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Training Operations Lending Company 78

American Banker

NOVEMBER 30, 2023

The Canadian bank reported a 70% decline in profits at its U.S. commercial banking and wealth management unit in the most recent quarter and boosted reserves amid distress in the commercial real estate market.

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Management Marketing Report 83

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.

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CA Management Retail 66

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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Lending Compliance Regulation 83

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Innovation

BankInovation

NOVEMBER 30, 2023

Financial institutions may consider which payment rails to integrate — whether RTP or FedNow — but the right answer might be both.

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Management Technology Payments 68

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.

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Leadership Compliance Regulation 78

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 &

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Apple Fintech Community Course 52

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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Financial Technology Innovation Fintech Technology 77

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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

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Metro 54

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.

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Texas National 78

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.

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Operations 41

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.

Branding 69

Branding Groups Marketing 69

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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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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.

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Security 41

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.

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Industry 81

The Paypers

NOVEMBER 30, 2023

Nuvei , a Canada-based fintech, has launched its card issuing solution in 30 markets globally to offer their customers physical and virtual white-labelled cards.

Cards 36

Cards Fintech Marketing 36

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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Los Angeles National Report Company 45

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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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