Mon.Mar 25, 2024

article thumbnail

JPMorgan seeks embedded payments niches

Payments Dive

The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

Payments 300
article thumbnail

Municipal Credit Union brings wealth management to members

American Banker

The $4.2 billion-asset MCU in New York is working with Ameriprise Financial Institutions Group to connect members with the firm's network of digital advisors and offer investment planning options alongside its suite of traditional products.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Visa handled ‘BidenCash’ card fraud incident

Payments Dive

The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

Cards 221
article thumbnail

Junior, senior coders split on the use of gen AI

BankInovation

PNC Financial Services’ junior and senior coders are split on how much they can rely on generative AI for code generation and writing. Junior coders use gen AI for code writing more than senior coders, Scott Kinross, senior vice president and software engineering director at PNC Financial Services, said at Bank Automation Summit U.S.

article thumbnail

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.

article thumbnail

Crypto Fraud Losses Rose to $3.9B in 2023, a 53% YoY Increase: FBI

Payments Dive

SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

More Trending

article thumbnail

Arc planning global expansion

BankInovation

Arc Technologies looks to expand its global footprint, grow revenue and gain business customers over the next five years. The digital bank plans to continue to partner with financial institutions “both in the U.S. and internationally,” Don Muir, co-founder and chief executive, said March 18 during a fireside chat at Bank Automation Summit U.S.

article thumbnail

JPMorgan Chase accuses TransUnion of stealing 'trade secrets'

American Banker

The credit bureau's Argus unit collected the bank's credit card data on behalf of regulators, then used it in the benchmarking service it sells to other banks, the bank says. The suit comes at a time when bank data is becoming increasingly open, at least in theory.

article thumbnail

Report: Consumers seek flexible, transparent cross-border payments

The Paypers

Airwallex and Edgar, Dunn & Company have release a report which shows that consumers want flexibility and transparency in digital cross-border payments.

Report 48
article thumbnail

Farm lending robust in 2023, but 'tougher' year lies ahead

American Banker

Lower commodity prices and decreases in government assistance are expected to push farm income lower this year and raise credit risk for banks.

Lending 81
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Emporia State FCU adopts Bankjoy's mobile banking app

The Paypers

US-based Emporia State Federal Credit Union has launched its updated online and mobile banking app powered by Bankjoy , a digital banking provider.

Mobile 48
article thumbnail

Why the money laundering fight is going to the next level

American Banker

Wars in Ukraine and the Middle East. Fiercely polarized U.S. politics. Rapidly multiplying payments options on social media networks and elsewhere. Those factors and more are making it harder than ever for banks to combat illicit financial transactions.

article thumbnail

Union54 introduces ChitChat in Zambia

The Paypers

Zambia-based card issuing fintech startup Union54 has announced the launch of ChitChat in the region, aiming to improve the digital finance and social commerce landscape in Africa.

article thumbnail

Fed's Cook: 'Magnificent seven' stocks could be stability threat

American Banker

Federal Reserve Gov. Lisa Cook said in a speech Monday the central bank is monitoring record highs in the stock market to see if it proves to be a bubble.

article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Chime to go public in 2025

The Paypers

US-based fintech Chime has been reported to intend to launch its initial public offering (IPO) in the US in 2025, with the company not yet engaging banks.

US 45
article thumbnail

Banks need to leverage big data to combat a surge in AI-enabled fraud

American Banker

Specialized large language models should be harnessed to help financial institutions identify and halt fraudulent activity. The best model would involve regulator-approved pooling of anonymized customer data.

article thumbnail

HyperPay partners with Capital Bank

The Paypers

Payment gateway provider in the MENA region HyperPay has partnered with Capital Bank in order to deliver streamlined and secure payment gateway services for merchants.

Capital 41
article thumbnail

OCC's Hsu says prioritizing fairness can bolster innovation

American Banker

Acting Comptroller Michael Hsu emphasized Monday the importance for banks to prioritize fairness in innovation, urging vigilance in navigating compliance risks associated with emerging technologies like AI.

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Partnership between Vodafone and Three UK raise concerns for CMA

The Paypers

The partnership between Vodafone and Three has raised concerns for CMA , as it could lead to higher prices for customers and affect investment in UK mobile networks.

Mobile 41
article thumbnail

Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024

The Financial Brand

This article Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024 appeared first on The Financial Brand. Bestselling author and futurist Jacob Morgan shares insights on the critical leadership skills and mindsets needed to navigate the complexities of the modern workplace. This article Leading the Future of Work: Jacob Morgan on Top Leadership Trends for 2024 appeared first on The Financial Brand.

article thumbnail

NX Technologies secures EUR 22 mln series B funding found

The Paypers

Germany-based payment management platform NX Technologies has raised EUR 22 million in series B funding to augment its market position in Europe and product suite.

article thumbnail

Young Women Are Getting Richer. Here’s How Banks Should Market to Them

The Financial Brand

This article Young Women Are Getting Richer. Here’s How Banks Should Market to Them appeared first on The Financial Brand. Millennial and Gen Z women are set to receive $80 trillion in wealth transfer and banks need to improve their marketing strategies if they want them as customers. This article Young Women Are Getting Richer. Here’s How Banks Should Market to Them appeared first on The Financial Brand.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

article thumbnail

Mastercard releases report on remittances in LATAM

The Paypers

US-based payment technology corporation Mastercard has released a whitepaper on the current status of cross-border payments in Latin America.

Report 45
article thumbnail

Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems

The Financial Brand

This article Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems appeared first on The Financial Brand. Mergers and moving to the cloud help drive new thinking about data. Marketing must be in the room as decisions are made. This article Why Marketing Has a Critical Stake in ‘Data Migration’ from Legacy Systems appeared first on The Financial Brand.

System 30
article thumbnail

Federal Bank launches Flash Pay through NPCI partnership

The Paypers

Federal Bank has launched its Flash Pay tool in partnership with NPCI , to provide India-based clients with contactless payments at NCMC-enabled metro stations.

Metro 41
article thumbnail

Harassment and drugs plagued a Citigroup division for years

American Banker

Bankers from Citigroup were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.

article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.