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Tag: banking


Capital and Risk, Operational

Western Union taps Salt Edge for European digital bank pilot

September 27, 2021

Via: FinTech Futures

The partnership will see Western Union integrate Salt Edge’s PSD2 Compliance Solution as it looks to enter the digital banking space in Europe. The pilot service falls under the remit of the EU’s open banking PSD2 Directive, which aims to […]


News

Three Steps to Building a Post-Pandemic Payments Strategy

September 24, 2021

Via: Bank Director

The Covid-19 pandemic spotlighted contactless payments. To stay competitive with the future of payments, community banks must offer multifaceted options, like virtual cards, P2P payments and digital wallets. But building a digital and contactless payments strategy goes beyond just offering […]


News

Deutsche Bank boosts online payments with Better Payment acquisition

September 23, 2021

Via: FinTech Futures

Deutsche Bank is to acquire online payment platform Better Payment, to expand its market share in payment processing and acceptance. Over the next 12 months, the Berlin-based paytech’s technology will be integrated into the financial services giant’s product range. Deutsche […]


News

Hamburg Commercial Bank goes live on Broadridge payments system

September 8, 2021

Via: Banking Technology

The bank is aiming to switch up its payments processing for corporate clients, with a focus on Target2. Broadridge says its platform can enable “significantly higher levels of operational efficiency”, and will help the bank meet new regulatory needs. The […]


Activity, Capital and Risk, Operational, Retail Banking

Reimagining customer experience in financial services

August 17, 2021

Via: FinTech Futures

Many financial institutes are hundreds of years old, and with that comes legacy systems and ingrained cultures that aren’t easy to change. Yet, as customer expectations shifted, banks and financial services companies had to totally rethink how they serve customers […]


Capital and Risk, Insurance

N.H. Insurance Department Issues Bulletin on Appointment of Insurance Producers

August 13, 2021

Via: Insurance Journal

The New Hampshire Insurance Department (NHID) Commissioner Chris Nicolopoulos issued a bulletin reminding insurers that they must comply with the New Hampshire statutory requirement that all insurance producers acting as the agent of an insurer be appointed by the insurer. […]


News

Western Union agrees sale of Business Solutions division for $910m

August 12, 2021

Via: FinTech Futures

Business Solutions represents around 7% of Western Union’s business. It was formed following the acquisitions of Custom House in 2009 and Travelex Global Business Payments in 2011. Its main focus is on cross-border, cross-currency payments and foreign exchange solutions for […]


Capital and Risk, Credit

Alaska, Colorado residents carry most card debt, study says

July 28, 2021

Via: Payments Dive

WalletHub analyzed TransUnion credit card data for all 50 states and the District Of Columbia as of September 2020 to conduct its analysis. It attributes variations in people’s debt levels to factors like how much consumers have been affected by […]


Capital and Risk, Liquidity

Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

July 28, 2021

Via: DailyFX

The Federal Reserve just released its latest update on monetary policy. FOMC officials left benchmark interest rates and the pace of asset purchases unchanged as widely expected, but changes to language in the press statement is fueling some volatility. Specifically, […]


News

First Bancorp Reports Second Quarter Results

July 27, 2021

Via: PR Newswire

First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today net income of $29.3 million, or $1.03 per diluted common share, for the three months ended June 30, 2021, an increase of 83.9% on a per share […]