Early Warning launches campaign to warn seniors
Payments Dive
JUNE 5, 2024
The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.
Payments Dive
JUNE 5, 2024
The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.
South State Correspondent
JUNE 5, 2024
The average return on equity (ROE) for the banking industry declined to 11.10% in Q1/24 (a 23 percent decline in the last year). For banks under $10B in assets, ROE declined to 10.53% in Q1/24 (an 11% decline in the last year). The typical published analysis considers the industry in aggregate which conflates the challenges and opportunities at community banks (those under $10B in assets).
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Payments Dive
JUNE 5, 2024
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
BankInovation
JUNE 5, 2024
AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.
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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.
American Banker
JUNE 5, 2024
The Kansas financial institution is using Copper Financial's Guided Investing product that matches members to predesigned portfolios that suit their risk profile.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JUNE 5, 2024
For a country that relies on the energy and drive of immigrants to the extent that the U.S. does, it's surprisingly hard for them to get bank accounts. It's time to reassess what we mean by money-laundering risks.
TheGuardian
JUNE 5, 2024
A 25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain Business activity grew across the eurozone at the fastest rate in a year in May while inflation cooled, according to data that will be welcomed by the European Central Bank (ECB) in advance of expected interest rate cuts tomorrow. The latest HCOB purchasing managers’ index (PMI) data, compiled by S&P Global, showed private sector output expanded in most economies covered by the euro currency af
American Banker
JUNE 5, 2024
A month after Gunjan Kedia was named the company's president, the Minneapolis firm has promoted Stephen Philipson and Felicia La Forgia into new roles that will cover Kedia's former duties.
ABA Community Banking
JUNE 5, 2024
A House subcommittee budgeted $276.6 million for the Community Development Financial Institutions Fund in its draft fiscal year 2025 appropriations bill, according to the CDFI Coalition. The post House subcommittee budgets $276 million for CDFI Fund in draft appropriations nill appeared first on ABA Banking Journal.
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.
American Banker
JUNE 5, 2024
The e-commerce firm will no longer accept Amex credit cards globally beginning in August, citing the card network's higher-than-average cost of acceptance.
The Paypers
JUNE 5, 2024
Ripple has announced a new partnership with Clear Junction , a global provider of cross-border payment solutions for regulated institutions.
American Banker
JUNE 5, 2024
ELGA Credit Union said it plans to acquire Marine Bank & Trust in an all-cash deal. The combination marks the 12th of the year involving a credit union buying a bank, keeping the industry on pace to establish a new record for such deals.
The Paypers
JUNE 5, 2024
UK-based TrueLayer has entered a strategic collaboration with emerchantpay to provide payments by bank transfer for merchants across the region and Europe.
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.
American Banker
JUNE 5, 2024
Fifty-seven percent of financial services firms now operate on a hybrid basis, according to new research from American Banker. Some banks are finding ways to maximize the positive aspects and minimize the negative ones.
The Paypers
JUNE 5, 2024
Finland-based card issuing and processing company Enfuce has entered a collaboration with allpay to integrate cloud-based card payment solutions across the UK’s public sector.
American Banker
JUNE 5, 2024
Mastercard launches palm checkout in Uruguay, the U.K. commits to a gradual rollout of King Charles banknotes starting this week, and more.
The Paypers
JUNE 5, 2024
Equals Money , a provider of payment solutions, announced the expansion of its product line to include Banking-as-a-Service (BaaS) at the Money2020 conference in Amsterdam.
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The Emmerich Group
JUNE 5, 2024
I believe quality loan growth is one of the top three drivers of sustainable profitability for banks. What if you could restructure your lending department and increase the productivity per lender by 30 to 40% or more within 12 months. Now if you’re the kind of leader who thinks your team kicks butt and takes names at securing quality loans at extreme premium pricing, and you’re sure it’s because of your teams execution of a particular and predictable success system, not driven by t
The Paypers
JUNE 5, 2024
International Payment Identity (iPiD) has secured USD 5.3 million in a Pre-Series A funding round to augment global payments with advances Verification of Payee solutions.
American Banker
JUNE 5, 2024
The Consumer Financial Protection Bureau issued a final rule pursuant to its broader open banking proposal Wednesday that would require standard-setting bodies to include public interest consumer groups and others to receive bureau recognition.
The Paypers
JUNE 5, 2024
Global full-cycle verification platform Sumsub has announced that it entered the Mastercard Engage Partner Program to mitigate fraudulent activities.
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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
The Financial Brand
JUNE 5, 2024
This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand. Almost 90% of banking consumers say they consult user-generated online reviews to make their banking decisions. This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand.
The Paypers
JUNE 5, 2024
US-based fraud detection provider Sift has announced the launch of RiskWatch, a patent-pending product that aims to simplify risk decisioning for digital businesses.
The Financial Brand
JUNE 5, 2024
This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand. The bureau's 'interpretive rule' used a regulatory fast pass to get on the books ahead of the election cycle. Will it work? This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand.
The Paypers
JUNE 5, 2024
Global modern card issuing platform Marqet a has announced the expansion of its European footprint with the opening of a new office in the region of Poland.
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