Accenture

MAY 2, 2024

Spring is a time when most people, bankers included, take a fresh look at the challenges they face and tackle them with renewed vigor. Commercial banking should be on this year’s spring-cleaning list. While it is often the bank’s largest revenue generator, its processes continue to be highly manual, constraining the potential for profit growth.… The post The time for generative AI in commercial banking is now appeared first on Accenture Banking Blog.

Banking Trends 533

Banking Trends Trends 533

Payments Dive

MAY 2, 2024

The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.

Payments 365

Payments Operations 365

Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

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Lending Strategy Analysis Policies 221

BankInovation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

Fraud 121

Fraud Cards Security 121

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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TheGuardian

MAY 2, 2024

Changes will allow the investment bank’s star performers to earn up to 25 times their annual salary Goldman Sachs has told hundreds of its top UK bankers that it is eradicating a cap on bonuses, in a move that will allow its star performers to earn up to 25 times their annual salary. Richard Gnodde, chief executive of Goldman Sachs International, made the announcement during a video message to staff on Thursday.

Video 101

Video Regulation 101

American Banker

MAY 2, 2024

The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.

Marketing 81

Marketing Payments 81

TheGuardian

MAY 2, 2024

John Duff Lowe, who has died aged 81, was a pianist on the first record that Paul McCartney, John Lennon and George Harrison made together, in 1958, as the Quarrymen. Despite his rock pedigree, Duff, as he was affectionately known, spent most of his life working in banking and financial services. His piano playing on McCartney and Harrison’s song In Spite of All the Danger featured at the start of Peter Jackson’s 2022 documentary The Beatles: Get Back.

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American Banker

MAY 2, 2024

The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.

Report 90

Report Company Technology 90

The Paypers

MAY 2, 2024

Juniper Research has published a new study showing that instant payment transactions are set to surpass USD 58 trillion globally by 2028, competing with card payments.

Payments 50

Payments Study Cards 50

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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

Community Bank

American Banker

MAY 2, 2024

What's the point of regulatory capital rules that ignore demonstrated problems, like unrealized losses? We need to rethink what banks' disclose to investors and regulators.

Capital 78

Capital Regulation Compliance 78

The Paypers

MAY 2, 2024

Liquid Noble has partnered with iDenfy in order to leverage its KYC solution and stop digital asset fraud in line with the latest compliance regulations.

Compliance 45

Compliance Fraud Regulation 45

American Banker

MAY 2, 2024

Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.

Strategy 70

Strategy Capital Industry Lending 70

The Paypers

MAY 2, 2024

Outpayce , the venture launched in 2023 to revolutionise Amadeus ’ travel payments sector, has obtained an e-money institution (EMI) licence from the Bank of Spain.

Regulation 41

Regulation Security Payments 41

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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

Lending

American Banker

MAY 2, 2024

Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.

Community Bank 36

Community Bank Lending Community 36

The Paypers

MAY 2, 2024

Viva.com has announced its partnership with Satispay in order to grow the alternative payment options for merchants in Italy, France, and Luxembourg.

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Payments 41

American Banker

MAY 2, 2024

Toronto-Dominion failed to submit suspicious-transaction reports in cases where it was reasonable to suspect the transfers were tied to money laundering or terrorist financing, along with other violations, according to the Financial Transactions and Reports Analysis Centre of Canada.

Analysis 36

Analysis Report Compliance Regulation 36

The Paypers

MAY 2, 2024

The PCI Security Standards Council (SSC) has announced plans to extend its operations to the Middle East, aiming to tackle the growing threat of payment card fraud in the region.

Fraud 36

Fraud Security Payments Regional 36

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

Analysis

American Banker

MAY 2, 2024

The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.

Marketing 36

Marketing Payments 36

The Paypers

MAY 2, 2024

Airwallex has formed a partnership with BILL , a financial operations provider, to optimise its payment offerings for SMBs by integrating Airwallex’s local transfer capabilities.

Payments 36

Payments Operations 36

The Financial Brand

MAY 2, 2024

This article Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language? appeared first on The Financial Brand. A good book title would be 'Fintechs are from Silicon Valley, Banks are from South Dakota.' But how can both sides write a happier next chapter? This article Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language?

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South Dakota Fintech Branding Banking Trends 39

The Paypers

MAY 2, 2024

The European Parliament has recently approved a series of legislative measures aimed at bolstering the European Union 's capabilities in combating money laundering and terrorist financing.

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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.

Lending

The Financial Brand

MAY 2, 2024

This article April Banking People Moves: Who Stayed, Left and Got Promoted appeared first on The Financial Brand. Citi nabbed executives from Merrill Lynch and Blackrock, two CFOs were fired for nefarious reasons, Verve Credit Union recruited a KeyBank veteran and more. This article April Banking People Moves: Who Stayed, Left and Got Promoted appeared first on The Financial Brand.

Branding 17

Branding National 17

The Paypers

MAY 2, 2024

Global full-cycle verification platform Sumsub has partnered with Travel Rule compliance solution CODE.

Compliance 45

Compliance 45

The Paypers

MAY 2, 2024

US-based financial services provider Atomic has announced a reseller partnership with Lumin Digital , a cloud-native digital banking solution.

Digital Banking 36

Digital Banking US 36

The Paypers

MAY 2, 2024

UK-based international payments and expenses provider Volopa has unveiled its latest endeavour: an integration with Microsoft Dynamics 365.

Payments 36

Payments 36

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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