Mon.Nov 27, 2023

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CCCA battle may slide into next year

Payments Dive

Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.

Cards 243
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How Process Mining Accelerates Efficiency for Highly Regulated, Customer-obsessed Industries

Perficient

This blog was co-authored by Carl Aridas and Joel Thimsen. In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. This has challenged many organizations to better optimize and intelligently automate business processes and experiences.

Industry 221
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NCR Voyix sells payments assets for $82M

Payments Dive

The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.

Maine 221
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The new CRA: Understanding the final rule and its impact on large, intermediate, and small banks; Ballard Spahr to hold webinar on Dec. 6

CFPB Monitor

This is our second 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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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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How convenience industry leaders see the future of the store experience

Payments Dive

Staffed checkout registers are losing importance, and industry executives are eyeing mobile-based, scan-and-go technology, according to a recent survey.

Industry 195

More Trending

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Why QSRs are doubling down on kiosks

Payments Dive

Burger King, Taco Bell and Shake Shack are among the chains adding this technology to boost tabs and reduce labor pressure.

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End-of-the-Year Financial Planning

BankBazaar

End-of-the-year financial planning is a crucial process that can set you on the path to financial success in the coming year. Read on about the importance of end-of-the-year financial planning and how to get started. As the year draws to a close, it’s the perfect time to reflect on your financial goals and take proactive steps to ensure your financial well-being in the coming year.

Taxes 78
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Sale bells ring: How Adobe Quick Checkout reduces cart abandonment

Payments Dive

For online retailers, reducing cart abandonment is a priority all year long, especially as we approach the holiday season.

Retail 195
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What is Data Analytics? Discover 8 Key Insights to Help Leverage Your Data

Jack Henry

Unlock the power of data analytics in banking with our FAQs: Understand its importance, usage, and strategic advantages for your institution.

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The 2024 Lenders Guide to Automating the Complex Loan

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.

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Navigating the Future of Fintech: Your 2024 Trade Show Directory

William Mills

As the fintech industry continues to evolve, staying informed and connected is crucial. Released in anticipation of the upcoming year, our 2024 Financial Technology Trade Show Directory is a trusted source offering insights and information you need to navigate – and make the most of – the industry’s conferences next year.

Fintech 80
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How gen AI is assisting payment scams

American Banker

Cybercrime-as-a-service tools are using generative artificial intelligence in new ways to crack payment card security, according to a new report from Arkose Labs.

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Movers & Shakers: Truist names 3 C-level execs

BankInovation

Truist Financial continued its managerial overhaul this month with appointments to fill the new chief operating officer position as well as chief consumer and small business banking officer and chief wholesale banking officer. The $535 billion bank made the following changes: Vice Chair Beau Cummins became COO effective Nov.

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RIP BSBY: Bloomberg to shut down its lagging Libor replacement

American Banker

The BSBY interest rate benchmark was originally envisioned as a successor to the once-ubiquitous Libor rate. But it failed to gain much traction, and Bloomberg now plans to shut it down next year.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Citi prioritizes embedded digital payment strategy

BankInovation

As demand for embedded payment offerings continues to climb, Citigroup’s Citi Pay plans to keep up. Global revenue from embedded payments is expected to reach $59 billion by 2027, up from $32 billion in 2023, according to a study by Juniper Research.

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First Busey strikes deal to expand in Chicago

American Banker

The Champaign, Illinois-based company said it would pay $41.6 million to acquire Merchants and Manufacturers Bank Corp., which has five branches in the Greater Chicago area.

Chicago 78
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Metro Bank rescue deal can go ahead after shareholders back it

TheGuardian

Jaime Gilinski Bacal to increase stake to 53% as lender secures £325m in new capital and £600m of debt The embattled high street lender Metro Bank can proceed with a multimillion-pound rescue deal after receiving approval from its shareholders. The move comes after the bank announced last month it had negotiated a £925m package, which consisted of £325m of new capital as well as £600m of debt.

Metro 48
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Why does the CFPB want to undermine a key tool of law enforcement?

American Banker

The Consumer Financial Protection Bureau wants to limit law enforcement access to a tool that has proven vital in many criminal investigations.

Tools 66
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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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OKX launches crypto exchange and Web3 wallet in Brazil

The Paypers

Web3 company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, providing a secure gateway to decentralised finance (DeFi) and crypto trading.

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True Digital's banker-funded vendor review network is now free to access

American Banker

The move by the company's new CEO is designed to promote greater network effects and benefits for paying members. Bank CEOs say the network helps smaller banks compete.

Company 57
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Codebase Technologies forms joint BaaS venture with eFinance Investment Group

The Paypers

Codebase Technologies has announced a strategic joint Banking-as-a-Service (BaaS) venture with Egypt-based eFinance Investment Group , a payment and digital banking tech company, and Visa.

Groups 45
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Companies are dropping carbon offsets, but still buying the worst ones

American Banker

Purchases by banks, airlines, industrial heavyweights and other businesses fell for the first time last year, according to Bloomberg Green's analysis of data in three public registries covering more than 260,000 transactions since 2010. Yet corporate buyers increased purchases of offsets derived from a particularly controversial source — wind, hydro and solar projects.

Company 36
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3 Ways Managed Device Services Help Community Banks Cut Costs

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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Singapore Central Bank to tighten crypto speculation rules, eases investment qualifications

The Paypers

Singapore Central Bank has released a response to industry feedback on a consultation paper of proposed regulations for crypto service providers.

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Sumitomo Mitsui CEO Ohta, who pushed Asia growth, dies at 65

American Banker

Sumitomo Mitsui Financial Group's Chief Executive Officer Jun Ohta, who pursued an aggressive expansion abroad during his four years at the helm of Japan's second-largest bank, has died. He was 65.

Groups 36
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Collctiv partners with Ryft

The Paypers

UK-based Ryft has partnered with Collctiv to optimise the group payment sector of the region and deliver a more customisable checkout experience for clients.

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Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities

The Financial Brand

This article Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities appeared first on The Financial Brand. Juniper Research identifies the top ten global trends that will drive the banking industry in 2024 and beyond their latest report. This article Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities appeared first on The Financial Brand.

Trends 30
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

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.