At NCR Voyix, we are committed to driving innovation, simplifying customer experiences and ensuring growth for our clients. For nearly 140 years, we have been the global leader in consumer technologies, transforming digital commerce experiences across retail, restaurants, and financial institutions. Our legacy of success and commitment to innovation empowers us to deliver platform-led technology and best-in-class services for our customers. We enable businesses to meet their goals, whether i ...
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Want to keep on the pulse of banking innovation? “Banking on Disruption Daily” delivers a power-packed 3-minute dose of the hottest financial headlines. From fintech breakthroughs to regulatory shakeups, we distill the day's most crucial banking news. Perfect for industry pros and curious minds alike. Tune in daily and stay ahead in the fast-paced world of finance!
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"Don't fall into imposter syndrome - everyone's journey is their own" and additional inspiration from Usman Jamal
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On this episode of Not Just a Quick Look, we sit down with Usman Jamal to talk about what makes work interesting & exciting, as well as unqiue and fun hobbies outside of work--including drones! Take a listen.על ידי NCR Voyix
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TD Bank's Legal Woes, SoFi's New Offerings, and Capital One's AirKey Innovation
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In today's episode of Banking on Disruption Daily, we begin with a significant development involving TD Bank's American unit, which is reportedly set to plead guilty to anti-money laundering failures, facing up to a $3 billion penalty. As part of the plea deal, growth restrictions in the U.S. and the appointment of independent monitors are expected…
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Citibank Lawsuit, JPMorgan's IPO Critique, and Epic vs. Google Legal Clash
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On today's episode of Banking on Disruption Daily, we explore the anticipated dip in net interest income for America's biggest banks as they brace for the weakest lending figures in two years. The decline follows the initial benefits from Federal Reserve rate hikes. Despite increasing competition from neobanks and FinTech companies, traditional ban…
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"Stay committed to what you're trying to achieve" and other valuable insights from Subhashis Panda
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In this episode of Not Just a Quick Look, we sit down with Subhashis Panda, who is based in Singapore and shares more about his role at NCR Voyix with us.על ידי NCR Voyix
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Plaid's Pay by Bank Revolution, CFPB Takes on Auto-Finance, and Credit Card Rate Hikes
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In today's episode, we start with Plaid's new Pay by Bank for Bill Pay product, which simplifies and secures direct bank account payments for businesses, enhancing the user experience and reducing costs. The solution integrates smoothly into current payment processes and is already being used in sectors such as telecommunications. Plaid also collab…
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Battles in Banking: JPMorgan Expands, Klarna Partners with Apple, and M&A Moves with Byline Bancorp
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In today's episode of Banking on Disruption Daily, we explore the increasing competition between traditional banks and neobanks aiming to serve lower-income households. With digital banks capturing nearly half of new account openings, JPMorgan and others are expanding their reach in underserved areas, while neobanks like Dave and Chime focus on acc…
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FDIC's Lending Insights & HSBC's Embedded Finance Push
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First up the 2024 FDIC Small-Business Lending Survey, which highlights the ongoing importance of in-person interactions in the lending process despite technological advancements. Next, HSBC's new venture, SemFi, partners with Tradeshift to offer embedded finance solutions, addressing the growing demand despite application challenges. We then examin…
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JPMorgan's New Branches, Impact of EU AI Regulation, & FIS's Digital Trading Leap
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Banking on Disruption Daily - October 3rd, 2024 - JPMorgan Chase plans to open 100 branches in low-income areas, incorporating financial literacy and small business support. - U.S. private sector employment surged in September, adding 143,000 jobs, notably in leisure and hospitality. - FDIC Chairman emphasizes the significance of relationship-drive…
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Citi Compliance Resolution, AI Regulation Push, and Mastercard's Subscription Move
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Banking on Disruption Daily for Wednesday the 2nd of October, 2024 - Federal Reserve ends an 11-year-old enforcement action against Citigroup, marking improvements in their compliance controls. - Federal Reserve Governor Lisa Cook calls for a unified regulatory approach to mitigate AI risks in financial services. - Federal Housing Finance Agency pr…
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TD Bank Spoofing Settlement, Banks Enter BNPL Space, and NCR Voyix Sells Digital Banking Unit
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TD Bank has agreed to pay over $20 million to resolve a spoofing case involving fraudulent orders by a former trader. The settlement includes a three-year deferred prosecution agreement and significant penalties, plus enhancements to their compliance programs. Major banks are entering the buy now, pay later market by offering debit-based installmen…
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Legal Hurdles for Wells Fargo, FDIC Conflict Concerns, and Payfare's DoorDash Setback
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- Wells Fargo is embroiled in a new lawsuit over allegedly insufficient interest rates on uninvested cash in advisory and brokerage accounts, adding to their legal woes. - A recent FDIC Office of Inspector General report calls for stronger conflict of interest training for FDIC employees to bolster transparency and accountability. - Recent FDICenfo…
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Chime Financial Picks Morgan Stanley for IPO, Janet Yellen Calls for Bank Regulation, Wells Fargo Submits Risk Review to Fed, Synchrony and Dick’s Extend Partnership, Fed Rate Cut and Small Business Impact ...
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- Chime Financial has chosen Morgan Stanley to lead its IPO, aiming for a 2025 launch after a previous postponement in 2022. - Treasury Secretary Janet Yellen calls for stronger financial regulations to improve resilience against bank runs and other risks. - Wells Fargo submits a review to the Federal Reserve in hopes of lifting a cap on its assets…
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Wells Fargo Lawsuit, PayPal's Crypto Expansion, Mifflinburg Bancorp Merger, OpenAI Restructure
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In today's episode: - Wells Fargo faces another lawsuit over its cash sweep program, accused of breaching fiduciary duties by offering low interest rates on client cash balances. The SEC is investigating the firm, which has announced an interest rate hike on sweep deposits expected to reduce revenue by $350 million annually. - PayPal Holdings now a…
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Visa Faces Antitrust Lawsuit, Record Credit Union Mergers, TowneBank's Expansion, and Mastercard's AI Fraud Solutions
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The Justice Department filed a lawsuit against Visa Tuesday, accusing the company of maintaining an illegal monopoly in the debit-card market through restrictive tactics and inflated fees. ESL Federal Credit Union plans to acquire Generations Bancorp, setting a record for credit union-bank mergers. TowneBank also announced its acquisition of Villag…
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Visa Faces Antitrust Action; CFPB Cracks Down on Overdraft Fees; FDIC Updates Merger Policies; Bank of America Expands; NBT Bancorp Acquires Evans Bancorp
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- *Antitrust Lawsuit*: The U.S. Justice Department is set to file an antitrust lawsuit against Visa, alleging monopolistic practices in the U.S. debit card market. - *Consumer Protection*: The CFPB issues new guidelines to curb banks from imposing overdraft fees without valid opt-in agreements. - *Merger Policies*: The FDIC revises its policy on ba…
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"Give your career time. Focus on what's in front of you." - and more great advice from Shannon Campisi
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In this episode of Not Just a Quick Look, we sit down with Shannon Campisi, who shares her career journey with us, her involvement in our business resource gropus, fun hobbies outside of work, and great advice for people who are just starting out in their careers.על ידי NCR Voyix
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Fed's Rate Cut, JPMorgan's Warnings, & PNC-Plaid Partnership
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The Federal Reserve recently cut interest rates by half a percentage point due to slower price growth and a softened labor market. This move, marked by internal debates and economic concerns related to the 2024 election, aims to stabilize the broader financial landscape. In related news, JPMorgan Chase CEO Jamie Dimon expressed doubts about a soft …
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TD Bank Leadership Shuffle, Klarna's AI Shopping, Walmart's Instant Payments, Apple Card Battle, and Salesforce's AI Insights
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TD Bank Group announces significant leadership changes with CEO Bharat Masrani set to retire, and Raymond Chun to succeed him. Other key executives, including Riaz Ahmed, are also transitioning, amid ongoing challenges regarding the bank's anti-money laundering controls. Klarna launches a chat-based shopping experience powered by OpenAI, making onl…
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Fed Rate Cut Reactions, CFPB Overdraft Mandate, and Retail's Tech Revolution
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The Federal Reserve has reduced its benchmark interest rate by half a percentage point, signaling the end of its post-pandemic policy tightening cycle. This move aims to support economic growth amid global financial uncertainties. In related news, bank stocks saw a notable uptick following the Fed's rate cut, expected to strengthen the overall econ…
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Open Banking Gains Ground, Credit Card Delinquencies Rise, and Wells Fargo Introduces Real-Time APIs
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First up today, we dive into the evolving landscape of open banking in the United States with new regulations pushing for technology-driven data sharing between consumers and financial institutions. Shifting gears, recent data shows a surge in U.S. credit card debt, with major banks reporting increased delinquencies and charge-offs, raising concern…
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Five Star Bank Exits BaaS, Fifth Third Expands Finance Academy, Affirm Joins Apple Pay, AI's Business Impact, Adobe's New AI Tools
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Financial Institutions Inc., the parent company of Five Star Bank, announced it will exit the banking-as-a-service (BaaS) business due to regulatory changes and modest contribution to overall performance. The shift allows focus on core retail, commercial banking, and wealth management lines, with a wind-down projected by next year. Fifth Third Bank…
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Rising Delinquencies Rattle Ally Financial, Fintech Innovation Challenges Credit Industry
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Welcome to Banking on Disruption Daily for Monday, September 16, 2024. I'm Fred Cadena.First up, Americans are increasingly falling behind on their bills, with consumer-lending companies seeing their shares drop due to rising delinquencies and charge-offs, particularly in auto loans.In related news, consumer lending firms report payment difficultie…
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ECB Rate Cuts, Fintech Scrutiny, and Amazon's DSP Investment
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Join Fred Cadena on today's episode of "Banking on Disruption Daily" for Friday, September 13th, 2024. Here's what's on the docket:- The European Central Bank has slashed interest rates again, reflecting concerns about the eurozone's economic health, involving sluggish growth and low inflation.- Mortgage rates in the U.S. are falling, driven by exp…
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AI in Mortgage, Basel III Rollbacks, Fieldpoint Private Enforcement, and Inflation Surprises
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Welcome to Banking on Disruption Daily for Thursday, September 12, 2024. I’m Fred Cadena. Here’s what we’ll be covering today:- Generative AI in the mortgage industry: Consumer Financial Protection Bureau Director Rohit Chopra expresses both optimism and concern, highlighting the potential but also warning about disparities and inflated costs.- Reg…
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Fed's Basel III Endgame, Goldman Sachs Hits GM Card Snag, Ally Financial and Truist Struggle, JPMorgan Lowers Expectations, AI's Mortgage Impact
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In today's episode the Federal Reserve plans to re-propose its Basel III endgame, easing capital requirements for certain banks. American household incomes saw a notable rise in 2023, though consumer debt continues to climb. Goldman Sachs struggles to exit the GM credit card business, showcasing significant pre-tax losses. Ally Financial’s stock tu…
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NBT Acquires Evans Bancorp, Explosive Consumer Debt Rise, and Huntington's Big Expansion
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First up, consumer revolving debt surged to $1.36 trillion in July, a 25% increase from pre-pandemic levels. Despite stable inflation expectations, the projected cost of essentials continues to rise, leading to growing unemployment concerns and reliance on credit. In M&A news, NBT Bancorp announced a $236 million all-stock deal to acquire Evans Ban…
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"I write the language that the robot understands" - building castles with Amrita Biswas
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In this episode of Not Just a Quick Look, we sit down to chat with software engineer Amrita Biswas about writing code, problem-solving, and dance.על ידי NCR Voyix
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PayPal Challenges Banks, Texas Capital Cuts Jobs, Fed Eyes Rate Cut, Chase Tackles ATM Fraud, Economic Optimism Amid Debt, Silicon Valley's "Founder Mode" Debate
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PayPal is ramping up its financial incentives to capture more card payments market share from banks, aiming to rebound from an earnings slump. This move enhances its rewards program and positions it competitively against traditional banks. Texas Capital Bancshares has laid off some staff and restructured its balance sheet to meet profitability targ…
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JPMorgan Lawsuit, BMO Earnings Miss, CFPB Data Rule, FDIC Challenges, Embedded Finance Growth, AI Deep Fakes in Business
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JPMorgan Chase faces a lawsuit over low interest rates in its cash sweep program, accused of breaching fiduciary duties and gross negligence. The bank is also under scrutiny for Zelle network transactions, while a London High Court ruling resolved a legal dispute concerning Viva Wallet. In earnings news, BMO Financial Group missed third-quarter exp…
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"I'm trying to build a product to make your life easier" - a chat with Sonali Mehta
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In this episode of Not Just a Quick Look, we sit down with Software Product Owner Sonali Mehta to talk about putting customers first at work, getting to know colleagues through NCR Voyix's business resource groups, travel and a love of nature!על ידי NCR Voyix
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Federal Reserve Rates Bank Relief, Visa Eyes Featurespace, and Chase Enhances Customer Insights
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Federal Reserve Chair Jerome Powell has hinted at potential interest rate cuts, offering relief to banks invested in commercial real estate facing market volatility. This potential policy adjustment is already boosting market sentiments and may stabilize lending conditions. Visa is reportedly in advanced talks to acquire fraud-prevention firm Featu…
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Fed Rates, Job Revisions, U.S. Bank & Edward Jones Partnership, Mastercard Layoffs, Anthropic Lawsuit, Shadow Banking Risks
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First up today, the minutes from the Federal Reserve’s July meeting show several officials support a 0.25 percentage point rate cut due to declining inflation and rising unemployment. Revised job data also indicates the economy added 818,000 fewer jobs than previously thought. Federal Reserve Chair Jerome Powell stated progress on slowing inflation…
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Experian Acquires NeuroID; Forum Credit Union Partners with Apiture; France's Digital Wallet Boom
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Welcome to Banking on Disruption Daily for Wednesday, August 14, 2024. I’m Fred Cadena. First, Forum Credit Union partners with Apiture to enhance digital banking capabilities for its 162,000 members in Indiana, focusing on improved online experiences for commercial clients. Next, French consumers are increasingly adopting digital wallets. Millenni…
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"I can teach anybody how to invent" - a chat with Kip Morgan
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In this episode of Not Just a Quick Look, join us as we sit down with Kip Morgan to discuss engineering, inventing, and building a Guinness World Record-Holding E-Bike.על ידי NCR Voyix
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Customers Bancorp Enforcement Action, Bank of America’s Overload Crisis, FedNow Payments, LendingPoint’s New CEO, & Welcome to Y'all Street
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First up: Pennsylvania-based Customers Bancorp has been hit with an enforcement action by the US Federal Reserve due to significant deficiencies in its risk management and anti-money laundering practices. The bank must submit a plan within 60 days to improve its digital asset strategy and compliance program. Next: Bank of America faces scrutiny for…
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Fed Independence Challenged by Trump, Ripple Settles SEC Charges, and Truist's New Tech Leadership
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Federal Reserve Debate: Donald Trump's comments about presidential influence over the Federal Reserve have raised concerns about the central bank's independence and the risk of inflation, echoing historical instances like the 1970s. Ripple Labs Settlement: Ripple Labs has agreed to pay a $125 million fine to the SEC over XRP token sales as an unreg…
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FinTech Growth with SoFi, Chime, Monzo, and Texans Credit Union; Consumer Borrowing Trends; Regulatory Spotlight on Bank/FinTech Risks
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First up today, we discuss how platforms and neobanks are leveraging direct deposits for revenue growth and customer loyalty, with standout performances from SoFi, LendingClub, Chime, Block's Cash App, and Monzo highlighting the trend. In Fintech news, Texans Credit Union has partnered with Atomic Financial and Alkami Technology to launch a new dir…
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Banking on Disruption: Octane’s $50M Series E, Banks Dive into BNPL, CIBC Expands AI Team, JPMorgan Chase’s Surprising Branch Strategy
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Welcome to Banking on Disruption Daily for Wednesday, August 7th, 2024. I'm Fred Cadena. First up today, US fintech Octane has secured a $50 million Series E funding round, exclusively from existing backers led by Valar Ventures and Upper90. Founded in 2014, Octane serves the powersports market and plans to use the new funds for market expansion an…
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Fraud Concerns Hit Venmo and Zelle, Fed Eyes Rate Cut, Walmart vs. Amazon in Digital Ad Race
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First up today: A PYMNTS Intelligence report reveals that more than half of U.S. consumers now use peer-to-peer (P2P) apps like Venmo and Zelle, raising concerns over growing fraud. Financial institutions are increasingly leveraging AI and machine learning to combat impostor scams and maintain trust. In job market news: July saw a slowdown in job g…
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AI Defense, Dynamic Deals, and Leadership Moves: Mastercard, Visa, Chase, DoorDash, and Wells Fargo
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First up, Mastercard and Visa are ramping up cybersecurity by deploying advanced AI to detect and prevent fraud, aiming to enhance consumer trust in digital payments. In card news, Chase and DoorDash renew their collaboration, offering new perks like recurring discounts and a complimentary DashPass for new cardholders. DoorDash expands its delivery…
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Renasant Acquires The First Bancshares, FedNow's Slow Adoption, and Rising Check Fraud Concerns
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First up today, mortgage servicing rights have surged in value amidst high interest rates, but the industry's future remains uncertain as experts debate upcoming economic shifts. In other interest rate news, the Federal Reserve's meeting might be overshadowed by the Bank of Japan's decisions on potential tightening, significantly impacting global m…
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"Comparison is the thief of joy" and other nuggets of wisdom from Susan Pina
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NCR Voyix is a retail, restaurant and banking technology company headquartered in Atlanta, GA. Not Just a Quick Look is our employee-focused podcast. In each episode we sit down with a different NCR Voyix employee and learn a little bit more about them as people. In our debut episode, we sit down and chat with Susan Pina, our Executive Director and…
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Embedded Finance, Cuba’s Banking Ban, Alliant’s New CIO, Bread Financial Gains, WesBanco Merger
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First up today, Embedded Finance is making waves by integrating financial services directly within platforms like ride-sharing apps and e-commerce sites, offering a seamless user experience. Next, three federal bank regulatory agencies are evaluating steps to ensure banks handle risks in their FinTech partnerships, emphasizing effective risk manage…
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Federal Regulators Warn Banks on Fintech Risks, BNP Paribas Embraces AI, Customers Bancorp Reports Strong Q2, First Citizens Bank Gains from SVB Resurgence
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Welcome to Banking on Disruption Daily for Friday, the 26th of July, 2024. I'm Fred Cadena with today's top stories.First up, federal regulators have issued a joint warning about significant risks in bank-fintech partnerships, emphasizing the need for robust cybersecurity, proper data handling, and regulatory compliance.Next, BNP Paribas has identi…
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NYCB Sells Mortgage Unit, Target Drops Checks, Wells Fargo Ends Sponsorship, Capital One and Discover Merger
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Welcome to Banking on Disruption Daily for Thursday, July 25th, 2024. I’m Fred Cadena.First up today, New York Community Bancorp faces a quarterly loss and plans to sell its mortgage servicing unit to streamline operations and boost capital amid rising interest rates and economic pressures. Investors are eyeing the impact of these strategic moves o…
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Banking on Disruption: Small Banks Thrive, Visa’s AI Fraud Prevention, Xbox Game Rewards, and Market Shifts at Old National Bancorp
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Welcome to Banking on Disruption Daily for Wednesday, July 24, 2024. I’m Fred Cadena.First up today, small banks are reassuring stakeholders about the health of their commercial real estate loans amidst broader economic concerns. These institutions report low delinquency rates and stable asset performance, benefiting from their close relationships …
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Google Keeps Third-Party Cookies, Mastercard Expands Open Banking, and More
4:58
4:58
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Welcome to Banking on Disruption Daily for Tuesday, July 23rd, 2024. I’m Fred Cadena.First up, Google has decided to continue using third-party cookies in its Chrome browser, reversing its earlier plan to phase them out. This move follows pushback from advertisers and regulators, and signifies Google's ongoing efforts to balance user privacy with t…
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CFPB Proposes Payday Loan Rule, NYDFS Hires Virtual Currency Chief, Borrowers Struggle with Debt, Truist Financial Reports Losses
4:07
4:07
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4:07
Welcome to Banking on Disruption Daily for Monday, July 22nd, 2024. I’m Fred Cadena.First up today, the US Consumer Financial Protection Bureau (CFPB) has proposed a new interpretive rule that mandates clearer consumer disclosures for payday loan advances under the Truth in Lending Act. Transparency in fees and practices is emphasized to prevent ex…
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Federal Reserve Fines Green Dot, CFPB Penalizes Fifth Third Bank, Maxine Waters Opposes Capital One-Discover Merger
3:36
3:36
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Welcome to "Banking on Disruption Daily" for Saturday, July 20th, 2024. I’m Fred Cadena. First up today, the Federal Reserve Board fines Green Dot $44 million for alleged unfair and deceptive practices linked to its prepaid debit card products and tax return payment services. The firm is mandated to enhance its risk management programs and hire an …
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Bitcoin Reserve Rumors and Regions Financial Triumph in Profits
3:04
3:04
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Welcome to Banking on Disruption Daily for Sunday, July 21, 2024. I’m Fred Cadena.First up today, rumors are rife that former President Donald Trump may announce a U.S. Bitcoin strategic reserve at the upcoming 2024 Bitcoin Conference in Nashville. This move could elevate Bitcoin’s status alongside traditional assets within the U.S. Treasury’s rese…
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