How to speed up FedNow adoption
Payments Dive
JULY 26, 2024
“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.
Fri.Jul 26, 2024
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What caused the LDI crisis?
BankUnderground
JULY 26, 2024
Gabor Pinter, Emil Siriwardane and Danny Walker In September 2022 the interest rate on UK gilts rose by over 100 basis points in four days. These unprecedent market movements are generally attributed to two key factors: the 23 September announcement of expansionary fiscal policy – the so-called ‘mini-budget’ – which was then amplified by forced sales by liability-driven investment funds (LDI funds).
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PayPal changes chairman, reduces board size
Payments Dive
JULY 26, 2024
PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.
Banking privacy: 5 benefits for banks, customers
ATM Marketplace
JULY 26, 2024
Banking privacy is a huge issue for customers. Here are five ways to improve it.
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.
Movers and shakers: Alliant Credit Union appoints Jamie Warder as CIO
BankInovation
JULY 26, 2024
Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union, according to a company release.
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What is the cost of doing banking-as-a-service 'well'?
American Banker
JULY 26, 2024
Financial institutions that entered the space before regulatory oversight intensified need to calculate whether the price of talent, risk planning, and technology is worth the return.
What Should I Consider When Choosing Hard Money Lenders for New Construction?
Commercial Lending USA
JULY 26, 2024
Have you ever wanted to start from scratch and build your dream? Choosing hard money lenders for new construction projects can be challenging, but the options are endless.
The need to financially mainstream Hispanic immigrants is urgent
American Banker
JULY 26, 2024
Fostering financial well-being among the country's fastest-growing demographic group is essential to the future of the American economy. And, not incidentally, it's also good for business.
NatWest invests in tech
BankInovation
JULY 26, 2024
NatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,” Tom Kelleher, founder and commercial director at Icon Solutions, told Bank Automation News.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Real estate-heavy bank lays out a strategy overhaul
American Banker
JULY 26, 2024
First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it's announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose.
OpenAI launches SearchGPT | Revolut wins UK banking licence | UniCredit to acquire Vodeno and Aion
Bussman Advisory
JULY 26, 2024
This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post OpenAI launches SearchGPT | Revolut wins UK banking licence | UniCredit to acquire Vodeno and Aion appeared first on Bussmann Advisory AG.
How many credit unions acquired banks in 2024?
American Banker
JULY 26, 2024
The trend of credit unions buying banks is a lightning rod for controversy in the banking industry. Despite this, such mergers are increasingly common.
House passes bill to combat illicit use of digital assets
The Paypers
JULY 26, 2024
The US House of Representatives has approved a bill aimed at forming a working group focused on addressing terrorism and illicit financing related to digital assets.
Housing: The issue everyone is thinking about but not talking about
American Banker
JULY 26, 2024
Despite being a top concern for a wide swath of voters, housing affordability has largely been absent from presidential politics.
PayTabs partners with Digital Haze
The Paypers
JULY 26, 2024
Payment solutions provider PayTabs Group has entered a channel partnership with Digital Haze to advance business operations across the Levant region.
WesBanco strikes deal for Ohio community bank
American Banker
JULY 26, 2024
Ending a five-year M&A hiatus, the Wheeling, West Virginia-based company has agreed to pay $959 million in stock for Premier Financial in Defiance, Ohio.
Spendbase teams up with Thredd
The Paypers
JULY 26, 2024
Global payments platform Thredd has entered a partnership with Spendbase , with the move supporting the latter’s expansion into North America.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
Fulton Financial hires new CFO, UBS senior exec leaves firm
American Banker
JULY 26, 2024
Fulton Financial taps Valley National's Richard Kraemer as its new CFO; UBS' veteran private banker Jenny Su has left the firm; Bank of America names Kevin Brunner head of global technology, media and telecommunications investment banking; and more in this week's banking news roundup.
Lightyear introduces high-interest business accounts in the UK
The Paypers
JULY 26, 2024
Lightyear has announced the launch of its business accounts, allowing users to earn interest and make investments through the platform.
Card issuer Bread boosts revenue outlook as late-fee rule gets stymied
American Banker
JULY 26, 2024
The store-branded credit card company revised its revenue guidance upward on the assumption that the CFPB's late-fee cap won't take effect before 2025. Still, Bread is moving ahead with plans to make up some of the revenue that it stands to lose from the contested rule.
Fortis acquires MerchantE's NetSuite Payments
The Paypers
JULY 26, 2024
Payment technology provider Fortis has announced its acquisition of the NetSuite payments division from MerchantE.
Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
The 9 Biggest AI Conferences for Financial Services, Banking & Fintech in 2024
Fintech Labs Insights
JULY 26, 2024
As artificial intelligence becomes a clear competitive advantage in financial services, it’s time to register for the AI events you’re considering. For the most part, early-bird prices are still in effect, so you can easily save $1,000 or more on a pair of tickets. Take a close look now at our curated list of top fintech, banktech, payment tech and investech global conferences for 2024.
Marqeta joins forces with Visa and Affirm
The Paypers
JULY 26, 2024
Card issuing platform Marqeta has joined forces with Visa and Affirm to provide the Visa Flexible Credential, a single card product for different payment methods, in the US.
NatWest takes £24m hit from abandoned ‘Tell Sid’ campaign
TheGuardian
JULY 26, 2024
Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rollout Business live – latest updates NatWest was forced to spend £24m on the former Conservative government’s aborted “Tell Sid” advertising campaign featuring Sir Trevor McDonald , which would have resulted in a chunk of the bank’s state-owned shares being sold to the general public in a highly anticipated privatisation drive.
PAYSTRAX partners with DisputeHelp to improve services
The Paypers
JULY 26, 2024
Europe-based company PAYSTRAX has partnered with DisputeHelp to use its RESOLVE solution to decrease chargebacks and increase acceptance rates.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
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