Sat.Oct 23, 2021 - Fri.Oct 29, 2021

Apollo Fintech Rolls Out Cross-Border Payment Network

PYMNTS

Apollo Fintech on Wednesday (Oct. 27) announced its bank wire network, Knox Wire, will debut Jan. 15, 2022, and that registrations are now available for the platform, which can process same-day cross-border payments for almost 20,000 financial institutions around the world.

Solving the skill gap in banking’s cloud journey

Accenture

The competitive landscape in banking has shifted. Cloud competence no longer gives a bank an edge—cloud mastery is required. Accenture’s experience has demonstrated that focusing on alignment, ability and adoption—which we also call “The Three As” —is a powerful approach for achieving cloud mastery.

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What Do the FFIEC IT Handbook Updates Really Mean?

Strategically Speaking

On June 30, 2021, the FFIEC issued a new booklet in the FFIEC Information Technology Handbook (IT Handbook) series entitled, “Architecture, Infrastructure, and Operations” (AIO). Great, you might say … translation, please? Banking

Preventing Cyber Fraud – Video

Abrigo

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Read. . Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it.

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Your Guide to Using Conversational Marketing to Drive Demand Generation

What is conversational marketing really about? This guide will examine the market forces at play, shifting buyer trends, how to leverage conversation marketing, and the tactics involved in adopting it for a B2B demand generation strategy.

Visa X-Border Payments Volumes Surge 38%

PYMNTS

Visa ’s latest earnings results, this time for its fiscal fourth quarter, showed continued rebounds in consumer spending, especially across borders, as economies reopened. In terms of headline numbers, and performance against Street expectations, the company’s $1.62

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Market Commentary: Week of October 25, 2021

SWBC's LenderHub

Last Week. It was a tale of two worlds last week. In the rates markets, more and more participants have begun to accept as fact that the inflationary pressures being experienced in all corners of the economy and most of the world aren’t going away anytime soon. Capital Markets

Celebrating BSA/AML Day

Abrigo

BSA/AML Day was created by Abrigo in 2017 to honor the hard work BSA/AML professionals do each and every day to protect our financial industry and country. It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny.

73 Million US Consumers Are Already Living in the Connected Economy

PYMNTS

Consumers have become accustomed to near-ubiquitous internet access to get goods and services on-demand, as well as run multiple facets of their lives.

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Reviewing Bitcoin Depot ATMs

ATM Marketplace

In the next entry on our series on Bitcoin ATMs, we will review Bitcoin Depot's Bitcoin ATM, which can be found at Circle K locations in the U.S.

ATM 112

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Part 4 Will Wall Street Coopt and Strangle Etherum?

Daily Fintech

Bitcoin is radical and disruptive. In addition to being a totally decentralized, permissionless system, there are no human managers that you can talk to. Ethereum is different. You can talk to Vitalik Buterin and Joseph Lubin.

Gender imbalance in economics: what next?

BankUnderground

Misa Tanaka. This post by Misa Tanaka is based on her talk at the Royal Economic Society’s webinar on Gender Imbalance in UK Economics which took place on 6 October. She is Head of Research at the Bank of England and a member of the Royal Economic Society’s Women’s Committee. .

ECB Shuns Visa, Mastercard, PayPal for Digital Euro Advisory Panel

PYMNTS

The European Central Bank (ECB) has announced the 30 people to be on its Market Advisory Group for its digital euro project, according to a press release. The group will advise the ECB on the design and distribution of a possible digital euro, the release stated.

ITMs see major growth

ATM Marketplace

Traditionally, ATMs have mainly served as cash dispensing tools. That is changing in recent years with the advent of solutions such as the interactive teller machine, which can deliver more banking tools to the customer

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Alt Lending week ended 29th October 2021

Daily Fintech

Fixed Rate Mortgage maturities lengthen out. Life Company Rothesay has announced a tie up with a British Bank in order to offer fixed rate mortgages of up to 30 years.

Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Nathan Sussman. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Nathan Sussman, Professor of International Economics at the Graduate Institute of Geneva, is based on material included in his conference presentation.

Bitcoin Miners, Neobanks File to Bring Shares Public

PYMNTS

In evidence that the digital age has fully ensnared Wall Street, recent listings announcements — across special purpose acquisition companies (SPACs) and traditional initial public offerings (IPOs) — have been marked by companies fully entrenched in the far-flung realms of digital banking and cryptocurrencies.

Bankers Are Navigating a Brave New World with Mergers and ESG

Gonzobanker

Embedding ESG into a merger playbook is a strategic move worthy of banks’ consideration. Bankers typically aren’t the segment of society that gets a lot of sympathy. First responders, military personnel, and even TikTok influencers can pull at the heartstrings, but bankers?

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.

This Week in Fintech ending 29 October 2021

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

FARGO

Banking Exchange

Wells Fargo’s new virtual assistant will launch in 2022 Retail Banking Feature Technology Financial Trends Lines of Business Branch Technology/ATMs Customers Outsourcing/Cloud Feature3. 1Retail Banking

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Rand Paul Wonders if Crypto Will Become World Reserve Currency

PYMNTS

Senator Rand Paul is wondering whether cryptocurrency could dethrone the dollar as the world’s reserve currency as it continues to grow in popularity.

Merchants’ Strong Earnings Allows for Dividend Declarations?

MerhantsBanks

Merchants Financial Group, Inc. MFGI) has announced financial performance results for the third quarter and two forthcoming dividend payments to shareholders, according to MFGI President & CEO Gregory M. Evans.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

XBRL News from the US and Switzerland

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 What to look for in the SEC climate disclosure proposal The U.S.

Survey: Banks ‘Nailed Response’ to PPP, Driving Small Biz Satisfaction

ABA Community Banking

Banks’ efforts to deliver Paycheck Protection Program loans to their small business customers and help them navigate the forgiveness process drove overall customer satisfaction levels to record highs in 2021, according to the latest J.D. Power Small Business Banking Satisfaction Study released today.

Warren: CFPB Has Power To Stop Crypto Fraud

PYMNTS

The Consumer Financial Protection Bureau (CFPB) doesn’t have to wait for other agencies’ action to curb cryptocurrency payment abuse, Sen. Elizabeth Warren said Thursday (Oct. 28), Bloomberg reported.

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Most small banks say they'd refuse to sell to credit union on principle

American Banker

Credit unions Community banking M&A

A Recruiter’s Guide To Hiring In 2021

With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. As the New York Times observed, “It’s a weird moment for the American economy.” And recruiting professionals are caught in the middle. To make the most of this disruption, you need to understand the economic drivers, develop a strong strategy for unearthing valuable talent, and use the latest tech tools to get the job done. Read this guide to get your recruiting practice ready to thrive in the new normal.