CFPB may take legal action against Block
Payments Dive
FEBRUARY 23, 2024
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
Fri.Feb 23, 2024
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The gold revolution comes to ATMs
ATM Marketplace
FEBRUARY 23, 2024
Gold has long remained a stable asset and today that asset is coming to ATMs.
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Capital One-Discover deal carries $1.38B termination fee
Payments Dive
FEBRUARY 23, 2024
The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.
Envestnet data and analytics revenue falls 7% YoY
BankInovation
FEBRUARY 23, 2024
Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its earnings presentation.
Commercial Lenders, Playing It Safe Is the Real Risk
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Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.
Google Pay app to be retired in US this year
Payments Dive
FEBRUARY 23, 2024
“To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.
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PayPal finance exec jumps to Flywire CFO seat
Payments Dive
FEBRUARY 23, 2024
Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.
Six ways for board directors to reduce the ‘unknown unknowns’
ABA Community Banking
FEBRUARY 23, 2024
We don’t know what we don’t know — but now is the time to ask. The post Six ways for board directors to reduce the ‘unknown unknowns’ appeared first on ABA Banking Journal.
Cash-strapped consumers turn to BNPL: Fed survey
Payments Dive
FEBRUARY 23, 2024
Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.
Assisted Living Loans: Tailored Financing for Senior Care
Commercial Lending USA
FEBRUARY 23, 2024
The cost of assisted living can vary greatly depending on various factors, including location, type of care required, facilities supplied, and the individual facility.
Leverage Trellis Court Data To Identify More Investment Opportunities
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Jack Dorsey's plan to reshape Square
American Banker
FEBRUARY 23, 2024
After his aggressive cost-cutting raised profits above analysts' expectations, Block's CEO aims to retool several features of Square and Cash App to enable them to operate like a "social bank.
Lloyds to face AML controls investigation
The Paypers
FEBRUARY 23, 2024
The Financial Conduct Authority (FCA) of the UK has initiated an investigation into Lloyds Banking Group ’s Anti-Money Laundering (AML) controls.
Deepening downturn in U.S. agriculture economy red flag for banks
American Banker
FEBRUARY 23, 2024
The USDA forecasted farm profits will plunge 26% this year, potentially creating credit quality challenges for lenders.
South African mobile operators combat fraud with GSMA initiative
The Paypers
FEBRUARY 23, 2024
Telecommunications operators Cell C , MTN , and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.
State of AI in Sales & Marketing 2025
Advertiser: ZoomInfo
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
FinCEN proposes BSA reporting requirements for residential real estate
CFPB Monitor
FEBRUARY 23, 2024
On February 16, the Financial Crimes Enforcement Center (“FinCEN”) published a Notice of Proposed Rulemaking (“NPRM”) regarding residential real estate. The final version of the NPRM published in the Federal Register is 47 pages long. We have created a separate document which more clearly sets forth the proposed regulations themselves, at 31 C.F.R.
Cap One could dodge law requiring added processing capacity
BankInovation
FEBRUARY 23, 2024
Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial Services goes through and the bank creates an in-house processor. Read more on the Capital One, Discover deal The proposed act, introduced in June 2023 by U.S. Sen.
It's time to revamp the call report's archaic handling of CRE loans
American Banker
FEBRUARY 23, 2024
The quarterly filings ought to include far more detailed breakdowns of banks' commercial real estate loan portfolios, including the crucial distinction between owner-occupied properties and rentals.
Ripple partners with Commercial International Bank (CIB)
The Paypers
FEBRUARY 23, 2024
Egypt-based Commercial International Bank has partnered with Ripple to implement blockchain technology aiming to enhance the efficiency of cross-border payments.
Book of Secrets on the Month-End Close
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Tenn. bank is latest to be penalized over banking as a service
American Banker
FEBRUARY 23, 2024
An FDIC enforcement action against Lineage Bank is part of a wave of cases involving banks that have partnered with fintechs in recent years.
Google Pay to launch SoundPod in India
The Paypers
FEBRUARY 23, 2024
Google has announced its plans to launch the SoundPod, its portable speaker developed to validate and announce successful payments instantly, to SMEs across India.
The DOJ doubles down on AI, HTLF's CEO announces retirement
American Banker
FEBRUARY 23, 2024
The Department of Justice appoints Jonathan Mayer as its first chief AI officer, HTLF's CEO Bruce Lee plans to retire, Wilmington Trust's Doris Meister will step down in May, and more in the weekly banking news roundup.
Zum Rails secures USD 7.78 mln Series A funding round
The Paypers
FEBRUARY 23, 2024
Canada-based payments gateway Zum Rails has raised USD 7.78 million to expand its all-in-one payments gateway, including new Banking-as-a-Service offerings.
The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report
Advertiser: ZoomInfo
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
Prove Identity partners with TargetData
The Paypers
FEBRUARY 23, 2024
Prove Identity has announced its partnership with TargetData in order to continue its expansion in Brazil and provide customers with its suite of solutions.
Griffin launches Foundations, an embedded banking programme
The Paypers
FEBRUARY 23, 2024
UK-based API-first bank Griffin has launched Foundations, a programme for UK companies to integrate financial products with BaaS solutions.
TD Bank to launch Tap-to-Pay on iPhone
The Paypers
FEBRUARY 23, 2024
US-based financial institution TD Bank has announced the launch of its `Tap-to-Pay on iPhone` service, aimed at small and micro businesses in the region.
Rawcaster partners with iDenfy
The Paypers
FEBRUARY 23, 2024
iDenfy has announced collaborating with Rawcaster , a social media platform designed for influencers and their fans, aiming to increase influencer security.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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