Gen Z clings to new payment tools
Payments Dive
APRIL 12, 2024
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
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Bank Customer Experience Podcast: How to pull off a successful branch renovation
ATM Marketplace
APRIL 12, 2024
For the premiere episode of the Bank Customer Experience podcast, Bradley Cooper, editor of ATM Marketplace interviewed Jean-Pierre Lacroix, founder and president of design firm Shikatani Lacroix Design, to learn more about how banks can discover the secret ingredients of branches to deliver the best return-on-experience for customers.
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Digital wallets must take hold in B2B
Payments Dive
APRIL 12, 2024
“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes a Mastercard manager.
Citi focuses on streamlining, automation in Q1
BankInovation
APRIL 12, 2024
Citigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in the first quarter.
Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
BNPL users grapple with financial stress: survey
Payments Dive
APRIL 12, 2024
BNPL users, who are having problems with overspending and missed payments, are tapping buy now, pay later services to spread out their cash flow.
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JPMorgan Chase invests in wholesale payments tech
BankInovation
APRIL 12, 2024
JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. The $3.7 trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call.
Citi makes progress on expenses as it waits for revenues to rise
American Banker
APRIL 12, 2024
The global bank is making good on its promise to trim expenses, but its ability to increase revenues at the same time remains unclear, partly because of the relatively weak performance of its wealth management business.
Wells shrinks branches as mobile usership jumps
BankInovation
APRIL 12, 2024
Wells Fargo pulled back on its branch footprint as digital and mobile banking adoption climbed in the first quarter. “Our branches are becoming more advice-focused … [and] we are modernizing and optimizing our branch network,” Chief Executive Charlie Scharf said today during the bank’s Q1 earnings call.
Deposits provide better-than-expected results at State Street
American Banker
APRIL 12, 2024
The giant custody bank convinced clients to park more money in accounts with the Boston-based company, prompting it to increase its full-year 2024 projections, Chief Financial Officer Eric Aboaf said.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Small FIs can customize third-party technology
BankInovation
APRIL 12, 2024
Springfield, Ill.-based bank INB relies on third-party vendors to build most of its technology, then customizes it to meet the needs of INB its clients. “For our size, we need a good partner,” Chief Operating Officer Mark Donovan told Bank Automation News.
Deblock partners with Numeral
The Paypers
APRIL 12, 2024
France-based Deblock has announced its decision to choose the banking aggregation and payment automation platform Numeral to manage its SEPA payments.
Is the 'death of the cookie' a problem or opportunity?
American Banker
APRIL 12, 2024
Third-party cookies will essentially disappear as a tracking tool on the internet by the end of 2024. Marketing to customers using first-party data may be a better tactic regardless.
CFPB and EU commence talks on consumer finance
The Paypers
APRIL 12, 2024
The Consumer Financial Protection Bureau and the EU have initiated a dialogue on consumer finance, addressing Big Tech, digital payments, and AI.
The State of Automation in Financial Services 2024 Report
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Fintech partner banks facing 'volatile mix' of supervisory scrutiny
American Banker
APRIL 12, 2024
Recent months have seen an uptick in enforcement actions against banks engaging in banking-as-a-service strategies. Observers are split on whether that enhanced scrutiny is temporary or terminal.
Oracle launches a service to combat money laundering
The Paypers
APRIL 12, 2024
Oracle 's Financial Services division has launched the Financial Services Compliance Agent, a cloud-based service powered by artificial intelligence (AI).
Big banks' deposit cost pressures are a warning sign for regionals
American Banker
APRIL 12, 2024
JPMorgan Chase and Wells Fargo said the battle for deposits isn't over — a reality denting their ability to earn more interest income. Regional banks will likely report similar pains next week.
Revolut India obtains PPI licence from RBI
The Paypers
APRIL 12, 2024
UK-based fintech company Revolut has obtained an in-principal authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) in the region.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
How Barclays and Carnival Cruise revived a waterlogged card program
American Banker
APRIL 12, 2024
With the cruise industry gaining steam after the pandemic, it no longer made sense to force passengers to sign up for a credit card with paper forms. The new process allows applicants to obtain credit they can use in any port — including Carnival's upcoming private island in the Bahamas.
Pago Confiado receives authorisation in Mexico
The Paypers
APRIL 12, 2024
Mexico-based financial services provider Pago Confiado, a branch of the Fiado conglomerate, has been authorised as an Electronic Payment Funds Institution in the region.
It's time to rationalize the disparate regulatory treatment of crypto
American Banker
APRIL 12, 2024
Despite its game-changing potential, crypto adoption has remained relatively low, hampered by an unsavory reputation and lack of regulations. Advancements and clarity in regulations and oversight are needed.
ESAs to launch exercise for DORA implementation
The Paypers
APRIL 12, 2024
The European Supervisory Authorities (ESAs) have announced their intentions to launch the voluntary exercise for the next stage of the DORA implementation.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
JPMorgan's wealth profits fall 26% on high compensation expenses
American Banker
APRIL 12, 2024
The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.
Coinbase boosts UK Crypto adoption with Apple Pay integration
The Paypers
APRIL 12, 2024
Coinbase has enabled UK users to buy digital assets with Apple Pay , aiming to expand crypto adoption amidst market slowdown and low retail interest.
Citi profit beats as companies, consumers on borrowing binge
American Banker
APRIL 12, 2024
Citigroup's earnings topped analysts' estimates as corporations tapped markets for financing and consumers leaned on credit cards.
Coinbase boosts UK Crypto adoption with Apple Pay ontegration
The Paypers
APRIL 12, 2024
Coinbase has enabled UK users to buy digital assets with Apple Pay , aiming to expand crypto adoption amidst market slowdown and low retail interest.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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