Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year. In addition, the recent banking stress, which resulted in several large bank failures, has amplified the outflow of deposits from the banking system, causing total deposits to decline for the fo

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social media FDIC Analysis System 221

Payments Dive

JUNE 7, 2023

Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

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Google Payments Marketing 307

South State Correspondent

JUNE 7, 2023

Yours might be the case of the emperor lacking clothes. While many banks are helping their clients with employee retention credits (ERC) (If you are not, see HERE ), many banks with 500 employees or less still need to collect their OWN ERC rebates. During the pandemic, most banks retained their employees and suffered higher costs, lower customer interactions, less branch traffic, and a revenue drop in many business lines.

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Taxes Meeting Operations ATM 195

Payments Dive

JUNE 7, 2023

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

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Regulation Industry 195

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Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. Well, it happened. At last. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s called Charlie , and its appeal is emotional. “You’ve been the everything to everyone. Now it’s your turn” reads the tagline on its website. At first glance, the account resembles plenty of others – free ATM access at thousands of locations, no monthly fees and no minimum account balances.

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Los Angeles Fintech Digital Banking Tools 109

TheGuardian

JUNE 7, 2023

Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender Business live – latest updates The Daily and Sunday Telegraph are to be put up for sale in an auction after the Barclay family lost control of their crown jewel media assets in a bitter row with the newspaper group’s lender. Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to seize the shares owned by the Barclay family in the holding company that ult

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American Banker

JUNE 7, 2023

Ally Financial, TD Bank and Park View Federal Credit Union are experimenting with custom settings so users can tweak color contrast, font styles and more.

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Customer Experience Digital Banking Technology 85

BankInovation

JUNE 7, 2023

Financial institutions must consider the efficiencies and limitations of artificial intelligence when deploying chatbots as client adoption grows and regulators address pain points of the technology. According to the Consumer Financial Protection Bureau’s (CFPB) “Chatbots in Consumer Finance” report, released yesterday, adoption of bank chatbots is expected to hit 110.9 million users by 2026.

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Regulation Technology Report 52

American Banker

JUNE 7, 2023

Widespread adoption of a central bank digital currency would utterly transform the financial services sector by reducing access to loans and raising prices for consumers.

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System 74

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BankInovation

JUNE 7, 2023

Capital One acquired luxury concierge service Velocity Black in a deal announced June 1 as the credit card giant seeks to bolster the perks offered to its customers. Terms of the deal were not made public.

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Capital Cards Marketing 52

American Banker

JUNE 7, 2023

Sen. Dick Durbin, D-Ill., has reintroduced a plan to reduce merchants' credit card acceptance costs, with more backing from bipartisan lawmakers.

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Cards Policies Payments 74

TheGuardian

JUNE 7, 2023

A survey of the last 100 years of financial disasters shows that they’re a fact of life – but there are lessons to be learned For those who pay close attention to the business pages, recent weeks have made for nervous reading. One after another, regional US banks with billions of dollars on their books have collapsed. European banking stalwart CreditSuisse was bought in a fire sale.

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Survey Regional US Marketing 48

American Banker

JUNE 7, 2023

After shares dropped in the aftermath of recent failures, most banks demonstrated resilience and investors started to buy back into the sector.

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Community Bank Community 74

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The Paypers

JUNE 7, 2023

Netherlands-based payment verification solutions provider SurePay has rolled out a single European IBAN Name Check solution, covering cross-border and domestic payments across the EU.

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Payments 36

American Banker

JUNE 7, 2023

Robert Trunzo, who has led TruState since 2014, will retire in October. The company, previously called CUNA Mutual Group, hired Terrance Williams to replace him.

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Groups Company Industry 69

The Paypers

JUNE 7, 2023

Global software applications provider Finastra has partnered with S and P Global Market Intelligence to offer improved services in corporate and syndicated lending.

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Marketing Lending Software 36

American Banker

JUNE 7, 2023

This week in global news: JPMorgan Chase works on blockchain in India, U.K. reps want faster crypto regs and more.

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blockchain Payments cryptocurrency Compliance 78

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The Paypers

JUNE 7, 2023

Belgium-based Swift has announced its partnership with crypto startup Chainlink and multiple other institutions to explore blockchain interoperability challenges.

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blockchain 36

American Banker

JUNE 7, 2023

The Providence, R.I.-based bank has been scaling down its indirect auto lending program since last year.

Lending 69

Lending 69

The Paypers

JUNE 7, 2023

UK-based payments technology company Zilch has announced the launch of its Ad-Subsidised-Payments-Network (ASPN) to third parties, through the use of open APIs.

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Payments Technology Company 36

American Banker

JUNE 7, 2023

The interagency report recommends practices for financial institutions to manage relationships with fintechs and other third parties.

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FDIC Fintech Management Report 56

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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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The Paypers

JUNE 7, 2023

Nigeria-based fintech Flutterwave has opened up African merchants to buyers from the EU and the UK through a partnership with A2A payment provider Token.io.

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Fintech Payments 36

American Banker

JUNE 7, 2023

Citigroup Chief Executive Officer Jane Fraser visited Beijing this week, joining other Wall Street executives to travel to China despite growing geopolitical tensions with the United States.

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United States Industry 36

The Paypers

JUNE 7, 2023

Netherlands-based payment service provider Sprinque has secured EUR 20 million that will be channelled into supporting European B2B ecommerce merchants.

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Security Payments 36

American Banker

JUNE 7, 2023

State officials from California to New Jersey along with the SEC are focusing on Coinbase's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.

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New Jersey California blockchain cryptocurrency 36

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