Thu.May 12, 2022

Fed delivers mixed credit card data

Payments Dive

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated

Cards 329

XBRL News from China, the UK and Malta

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

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Jack Henry prowls for acquisitions

Payments Dive

The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now

4 strong ideas from the payments disruptor playbook

Accenture

If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

Deserve taps Goldman for credit facility

Payments Dive

With the $250 million credit facility from Goldman Sachs and other backers, the Palo Alto, California-based digital card startup aims to keep financing an expanding clientele

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Alt Lending Week Ending 13th May 2022

Daily Fintech

Are we headed for another Eurozone bond melt down ? Don’t say it too loudly but history looks like it is repeating itself. Yields on Italian bonds are climbing and the differential between Italian and German sovereign debt are widening. Heard it all before?

Passing the ACAMS Exam: A First-Hand Experience | FinTalk

Strategically Speaking

As I sat staring at the computer screen at hour three, I thought to myself, “Have I done enough? Studied enough

Study 84

Cryptocurrencies being used by fraudsters, Starling boss says

BankInovation

Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank Ltd.

Murex Platform Once Again Named Software Solution of the Year

Bobsguide

PARIS, May 12,?2022 2022 — Murex , the global leader in trading, risk management and processing solutions for capital markets, has?won?the the Software Solution of the Year?category category at the FTF News Technology Innovation Awards 2022. Murex’s MX.3

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Cash Automation Guide North America

ATM Marketplace

Determining recycling demand and impact within your network can be daunting. In this guide Diebold Nixdorf explores the benefits of cash recycling and the steps to help drive operational efficiency

Fiserv integrates Affirm into Carat merchant platform, plans more integrations

BankInovation

Fiserv is integrating buy now, pay later (BNPL) company Affirm into its Carat merchant platform as part of the core provider’s latest business banking push.

How businesses could utilize AI in security systems?

Dataconomy

In the era of digital workplace, enterprises are utilizing cutting-edge technologies and today we are going to discuss how AI in security systems could help businesses increase their cybersecurity. Artificial intelligence (AI) is becoming more prevalent than you may realize.

Listen: What quantum computing may mean for the finance industry

BankInovation

Quantum computing has implications for high-value challenges in finance, according to an industry expert.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

New GoCardless president, a Mastercard vet, eyes global expansion

American Banker

Payments Payment processing

Alvaro Bedoya confirmed as FTC Commissioner 

CFPB Monitor

Yesterday, the U.S. Senate confirmed Alvaro Bedoya to serve as an FTC Commissioner . Mr. Bedoya fills the seat on the Commission previously held by CFPB Director Rohit Chopra.

How an ex-BofA CIO ferrets out insider threats

American Banker

Cyber security Technology Risk analysis

Senate Banking Subcommittee holds hearing on overdraft fees and their effects on working families

CFPB Monitor

Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Examining Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. .

Study 78

A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

Citi names internal candidate as its next chief compliance officer

American Banker

Risk management Career moves Regulation and compliance Women in Banking

Instagram to start testing NFTs | Visa, Google bring virtual cards to autofill | More than $200 billion erased from entire crypto market

Bussman Advisory

For lenders and their small-business customers, the outlook is mixed

American Banker

Economic indicators Community banking Commercial banking

China-based cryptocurrency exchange platform KuCoin hits $10B valuation. KuCoin competitors are Binance, Bybit, Coinbase, FTX, and Paxos.

CB Insights

KuCoin , a cryptocurrency exchange platform, has raised $150M in an extended Series A. The round drew participation from Jump Crypto, Matrix Partners China, and Circle Ventures, among others. <span

CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.

Less than four years after shooting, Fifth Third faces hostage situation

American Banker

Industry News Workplace Branch banking

Paddle, a subscription billing platform for software companies, hits $1.4B valuation. Paddle competitors are ChargeBee Technologies, Chargify, FastSpring, and RevenueCat.

CB Insights

Paddle , a provider of payments infrastructure for SaaS companies, has raised $200M in a mix of debt and equity. The Series D round drew participation from 83North, FTV Capital, and KKR, among others. The debt financing was provided by Silicon Valley Bank. <span

Cannabis banking bill gets bipartisan Senate push

American Banker

Pot Banking Politics and policy

This week’s podcast episode: CFPB invokes its “dormant authority” to supervise nonbanks that present risks to consumers: What it means for nonbank providers of consumer financial products and services

CFPB Monitor

We first review the scope of the CFPB’s supervisory authority granted by Dodd-Frank and the source of its authority to supervise nonbanks that present risks to consumers. We then discuss how we expect the CFPB to use its risk-based authority, including the types of products it may target and its decision to make public the identities nonbanks.

The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.