Payments Dive
SEPTEMBER 4, 2024
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
Abrigo
SEPTEMBER 6, 2024
FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. Here is what you need to know. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." REGISTER Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
South State Correspondent
SEPTEMBER 3, 2024
Most community bankers we talk believe they will get a boost to bank performance with declining short-term rates. The thinking is that a lower Fed Funds rate will mitigate credit risk, spur loan demand and potentially soften competition for deposits, leading to wider NIM and more profitability. Unfortunately, the empirical evidence shows otherwise.
TheGuardian
SEPTEMBER 3, 2024
Regulator said to be planning cut to maximum amount available to victims from £415,000 to about £85,000 The UK is reportedly poised to slash the planned maximum amount that banks will have to refund to fraud victims – from £415,000 to about £85,000 – after strong lobbying from lenders, fintechs and some politicians. Fraud in the UK payments industry has soared in recent years, with a sharp rise in authorised push payment (APP) scams, which often involve email accounts being hacked to trick peopl
Advertisement
By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Gonzobanker
SEPTEMBER 5, 2024
A few key focus areas can help lenders stay on top of the home equity game. With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankBazaar
SEPTEMBER 4, 2024
Our nation owes a debt of gratitude to our teachers. Their impact on generations of Indians cannot be underestimated. This Teacher’s Day, we pay tribute to the ones who shaped our lives and also throw in some financial lessons that we could all benefit from. It’s Teacher’s Day and it’s time to step up and salute teachers everywhere who have shaped the course of our lives in more ways than one.
Jack Henry
SEPTEMBER 6, 2024
Here’s a sneak peek of Jack Henry Connect 2024! Click to learn how Jack Henry Connect will deliver a unique blend of inspiration, innovation, and fun.
American Banker
SEPTEMBER 2, 2024
Cannabis is becoming a big business in the U.S., but companies in the field still struggle to find financing. A broadly accepted way of assessing their creditworthiness would be a huge help.
BankInovation
SEPTEMBER 6, 2024
While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase. “AI is really changing the path,” Lisa Calhoun, founding managing partner at Valor […] The post Fintech funding: AI accounts for 30% of $24B Q2 investment appeared first on Bank Automation News.
Advertisement
Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
Payments Dive
SEPTEMBER 4, 2024
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
BankBazaar
SEPTEMBER 4, 2024
Your mission, should you choose to go through with it, is to improve your Credit Score in 30 days. Below are the essential hacks you need to employ to succeed in this mission. Are you ready? Let’s go! How much can be done in 30 days? Turns out, a lot – especially if you’re talking about your Credit Score. Yes, it’s true. Now, before we go ahead, let’s set the expectations right.
TheGuardian
SEPTEMBER 2, 2024
Warning comes after viral TikTok posts where customers purportedly tried to withdraw more money than they had The US banking giant Chase has made clear that taking advantage of a system “glitch” to extract cash was “fraud, plain and simple” despite it becoming a TikTok trend. Chase Bank’s warning on Monday came in response to viral social media posts where customers purportedly tried to withdraw more money than they had in their accounts by exploiting a banking system delay.
American Banker
SEPTEMBER 4, 2024
Recent Supreme Court decisions reducing the ability of regulatory agencies to interpret the meaning of federal laws make it likely that supervisory decisions based on assessments of banks' safety and soundness will face court challenges.
Advertisement
Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
BankInovation
SEPTEMBER 6, 2024
American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. “We want to invest in the business,” Anna Marrs, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the Scotiabank Financials Summit 2024.
Payments Dive
SEPTEMBER 5, 2024
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
BankBazaar
SEPTEMBER 4, 2024
Still using cash because you’re so used to it? Here are 5 reason The post 5 Times To Choose Credit Over Cash appeared first on BankBazaar - The Definitive Word on Personal Finance.
ATM Marketplace
SEPTEMBER 6, 2024
In an era where digital innovation is paramount and cybersecurity threats are more prominent than ever, financial institutions find themselves at a critical crossroads.
Advertisement
Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
American Banker
SEPTEMBER 3, 2024
As more women generate and steward great wealth, they must also strive to develop and maintain financial wellness. The wealth management industry has a vital role to play in helping dynamic women on their journey.
BankInovation
SEPTEMBER 5, 2024
American Express’ credit and fraud models completely use machine learning and AI. “In fact, the first time American Express used machine learning in the company was back in 2010 in our fraud models,” Anna Mars, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the […] The post 100% of Amex fraud models tap AI, ML appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 5, 2024
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
BankBazaar
SEPTEMBER 7, 2024
This blog is a heartfelt tribute to all the beloved grandparents who have deeply influenced our lives in countless ways. My grandma’s lessons on patience, frugality and the importance of balance are more relevant than ever in today’s fast-paced world. So, as you navigate your own financial journey, take a moment to ask yourself, “What would Grandma do?
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
ATM Marketplace
SEPTEMBER 5, 2024
In this webinar, security experts reflect on the current ATM attack landscape, its evolution and trends, and best practices in ATM security. Learn how to build a comprehensive defense strategy using the seven shields of ATM security, ensuring protection from all sides.
American Banker
SEPTEMBER 6, 2024
The Consumer Financial Protection Bureau is seeking to protect borrowers from unscrupulous loan servicers. The goal is laudable, but the agency's methods are misguided.
BankInovation
SEPTEMBER 5, 2024
Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its US business. “The big lesson is you can’t take anything for granted,” Masrani said Wednesday at a financial-industry conference hosted by Bank […] The post TD chief says probes show need for better staff accountability appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 3, 2024
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Expert insights. Personalized for you.
366 
Let's personalize your content