Jack Henry

NOVEMBER 29, 2023

Discover how innovative technologies are reshaping processes and safeguarding against fraudulent activities in our latest FinTalk blog.

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Fraud Innovation Technology 97

Payments Dive

NOVEMBER 29, 2023

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

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Fraud Policies Industry 458

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Most national and regional banks allocate marketing resources to recently acquired customers to get them to build deposit balances and purchase other products, while most community banks do not.

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Marketing Regional National Nashville 195

Payments Dive

NOVEMBER 29, 2023

The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

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Apple Report Cards 243

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South State Correspondent

NOVEMBER 29, 2023

Community banks are striving to increase loan yield and maintain their cost of funding (COF). Unfortunately, pressure on COF is expected to remain, and loans will reprice slower than expected as borrowers with below-market rates will wait until the last maturity day to refinance their credits. We have created and used a novel structure to take advantage of the inverted yield curve to allow community banks to increase net interest margin (NIM) and fee income on these existing fixed-rate loans.

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CFPB Monitor

NOVEMBER 29, 2023

Throughout the past few years, the CFPB has sought input from a range of stakeholders, including community-based organizations and financial institutions, for feedback about how it can improve consumer financial products and services for consumers with limited English proficiency (LEP). As a part of these efforts, the CFPB has taken the following actions: in 2020, it published a Request for Information regarding challenges faced by LEP consumers and hosted a roundtable to discuss these challenge

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Guidelines Compliance Community 145

Payments Dive

NOVEMBER 29, 2023

As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.

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Payments 195

ATM Marketplace

NOVEMBER 29, 2023

Are banks communicating effectively? How are they reaching underserved populations? Mack Turner, president and owner of Mack Turner Consulting and Insights, discussed this in detail in today's podcast.

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Jack Henry

NOVEMBER 29, 2023

Jack Henry™ Connect 2023 Takeaways Determining how to improve back-office and branch operations is similar to making racing decisions for the Indy 500.

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Operations How To 88

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.

Fintech

CFPB Monitor

NOVEMBER 29, 2023

Last week, the CFPB issued its Semi-Annual Report to Congress covering the period beginning October 1, 2022 and ending March 31, 2023. Today, CFPB Director Chopra appeared before the House Financial Services Committee for a hearing, “The Semi-Annual Report of the Consumer Financial Protection Bureau.” Tomorrow, he is scheduled to appear before the Senate Banking Committee for a hearing, “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.”.

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Report 78

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

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Examples FDIC Washington Compliance 88

BankInovation

NOVEMBER 29, 2023

Technology providers Alkami, Finastra and Temenos all brought on new financial institution customers in the third quarter as demand for cloud-based solutions and digital banking rose. “Digital banking is an essential product now for a financial institution.

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Digital Banking Technology Marketing Payments 68

American Banker

NOVEMBER 29, 2023

Total loans at U.S. banks with less than $10 billion of assets grew by 1.9% in the third quarter, according to S&P Global Market Intelligence data. That was a slowdown from the previous quarter, and concerns about the viability of commercial real estate lending could dampen activity further.

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Community Lending Data Marketing 81

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.

Innovation

BankInovation

NOVEMBER 29, 2023

Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market for a new issuer — and whether that’s a traditional financial institution or card-issuing fintech is the question now.

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Apple Cards Fintech Marketing 66

American Banker

NOVEMBER 29, 2023

Morais, who leads the auto lender's consumer and commercial banking divisions, is preparing to leave as Ally Financial conducts a search for its next chief executive officer. She had been seen as a potential candidate to replace outgoing CEO Jeffrey Brown.

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The Paypers

NOVEMBER 29, 2023

Australia-based regtech and onboarding provider LAB Group has entered the SMSF administration vertical by partnering with SuperGuardian for automated digital onboarding.

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Groups 45

American Banker

NOVEMBER 29, 2023

Net income at banks fell 4.6% year over year in the third quarter, though it remained above pre-pandemic levels, according to the latest Quarterly Banking Profile. FDIC Chairman Gruenberg cautioned about deteriorating commercial real estate loans and unrealized losses on securities in a high interest rate enviroment.

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FDIC Report Security Compliance 69

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The Paypers

NOVEMBER 29, 2023

UK-based Paysend has announced the raise of a USD 65 million in funding round, aimed at its development process and improvement of cross-border payments tools.

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Tools Payments 45

American Banker

NOVEMBER 29, 2023

Small towns, in which community banks are disappearing, have increasingly little to offer nascent businesses in the way of reliable credit.

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Community Bank Community 77

The Paypers

NOVEMBER 29, 2023

Switzerland-based Brighty App has launched Brighty Business, its European B2B payment platform, to simplify financial operations management for businesses.

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Payments Operations Management 45

American Banker

NOVEMBER 29, 2023

Two years after acquiring the installment lender Afterpay, Block, which also owns Square, is seeing the payoff of a strategy that focuses on the sale of specialty items.

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Strategy Payments 67

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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

Fraud

The Paypers

NOVEMBER 29, 2023

Corporate mobility payments platform XXImo has announced that it is going all-in on Amazon Web Services as an EU Visa card issuer to process payments entirely through the AWS Cloud in Q1 2024.

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Payments Mobile Cards 41

American Banker

NOVEMBER 29, 2023

The Berkshire Hathaway legacy of Warren Buffett's longtime business partner includes large checks written to national banks as well as curt remarks about the industry's shortcomings. Munger died on Tuesday, a few weeks before of his 100th birthday.

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The Paypers

NOVEMBER 29, 2023

UK-based TrueLayer has partnered with Lendable to integrate its Account Information Services (AIS) and Variable Recurring Payments (VRP) products into the latter’s financial ecosystem.

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Payments 41

American Banker

NOVEMBER 29, 2023

Australia plans to put Apple Pay and Google Pay under the same rules that apply to credit cards, NatWest is inviting customers into its branches for a tabletop game about the perils of financial scams, and more.

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Apple Regulation Google Cards 41

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