TheGuardian

MAY 20, 2024

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached The battle to attract current account customers is hotting up, with two banks offering £175 “free money”, and a third tempting people with a 10% interest rate. The payments from Santander and First Direct, and the inflation-busting interest rate offered by Virgin Money, are the latest carrots being dangled in front of potential customers in an attempt to persuade them

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Payments Dive

MAY 20, 2024

Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.

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Payments 243

BankInovation

MAY 20, 2024

JPMorgan Chase considers customer needs, competition and time to market when approaching product launches for small-business clients. “We really try to keep the small-business owner at the center of all of that innovation process at Chase for Business,” Jameson Troutman, head of product for small business at JPMorgan Chase, told Bank Automation News.

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Payments Dive

MAY 20, 2024

Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.

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Payments 195

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American Banker

MAY 20, 2024

Gaps in traditional means of assessing creditworthiness are being filled by new kinds of information, such as cash flow data. The result will be good for both banks and borrowers.

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Data Risk Management Management Lending 87

The Paypers

MAY 20, 2024

Spain-based Santander , in collaboration with Iberpay , has announced that it processed one of the first instant transfers based on the EPC’s OCT Inst scheme.

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American Banker

MAY 20, 2024

One year after it bought First Republic Bank, the largest U.S. bank by assets is launching J.P. Morgan Private Client, a new tier in its affluent-consumer services that brings together JPMorgan's brand with First Republic's concierge model.

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BankInovation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The SEC proposed amendments to its “Privacy of Consumer Financial Information and Safeguarding Customer Information” regulation, implemented in 2000, according to a May 15 fact sheet from the commission.

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Regulation Data Guidelines Security 68

American Banker

MAY 20, 2024

The Florida-based bank, which has been building out its footprint across the South, would enter major markets such as Dallas and Houston with its planned all-stock acquisition of Independent Bank Group.

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Houston Dallas Texas Florida 81

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.

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BankInovation

MAY 20, 2024

JPMorgan Chase & Co. is immersing every new banking employee in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

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Training Technology 66

American Banker

MAY 20, 2024

Investors are facing recent pressure after Republic First's collapse, allegations of criminal activity by an executive at Old National and a pending CFPB rule affecting credit card fees.

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The Paypers

MAY 20, 2024

US-based digital consultancy company Astound Digital has partnered with Shopify to improve customer experiences, reduce costs, and increase conversion rates for retail.

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Retail Customer Experience US Company 73

American Banker

MAY 20, 2024

Criminals breached a third-party database storing Santander customer and employee information, a type of intrusion that banks are increasingly facing.

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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

The Paypers

MAY 20, 2024

Reinsurance and insurance provider Swiss Re has announced its plans to withdraw from the loss-making digital white-label business iptiQ following a strategic review.

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American Banker

MAY 20, 2024

Federal Reserve Vice Chair Michael Barr Monday spoke at length about efforts to enhance banks' liquidity and long-term debt positions after last year's bank failures while saying little about the capital hikes in the embattled interagency Basel III endgame proposal.

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The Paypers

MAY 20, 2024

US-based paytech company InComm Payments has announced it is offering gift cards for Roblox , an online game platform, at online and physical retailers in Hong Kong.

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Cards Payments Online Retail 45

American Banker

MAY 20, 2024

Banking experts said that none of the currently circulating stablecoin proposals adequately address concerns about the overlap between banking and commerce and how a stablecoin issuer would go through insolvency.

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Policies cryptocurrency Compliance Regulation 59

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The Paypers

MAY 20, 2024

Crypto startup funding has risen to USD 2.4 billion in Q1 2024, driven by expectations of lower interest rates and the first US bitcoin spot ETF, PitchBook data shows.

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American Banker

MAY 20, 2024

The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.

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Policies Marketing 51

The Paypers

MAY 20, 2024

Austrian financial service provider Erste Bank Hungary has announced the launch of Flight Delay Insurance, a service available for customers in the George app.

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American Banker

MAY 20, 2024

At an industry conference, Consumer Financial Protection Bureau Director Rohit Chopra said he was open to suggestions on how to increase choice and competition to benefit mortgage lenders and borrowers.

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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

MAY 20, 2024

Visa has entered into a partnership with SKUx , a digital payment solutions provider, aiming to enhance digital payment experiences for select merchants and consumer packaged goods (CPG) companies.

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American Banker

MAY 20, 2024

Regulation and other factors are creating friction for the banks and consumers that want to transact in crypto.

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The Paypers

MAY 20, 2024

US-based LogRhythm has entered a merger agreement with Exabeam , a worldwide cybersecurity company that provides AI-enabled security operations.

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Operations Security US Company 41

American Banker

MAY 20, 2024

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

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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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