Fri.Oct 04, 2024

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Fiserv nets special banking charter in Georgia

Payments Dive

The payments processor is only the second company to win the special bank charter since Georgia made it available.

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Reinvent lending offerings and business models to stay ahead

Accenture

In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead. Previously, we touched… The post Reinvent lending offerings and business models to stay ahead appeared first on Accenture Banking Blog.

Lending 195
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Oportun inks deal to sell credit card portfolio

Payments Dive

The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.

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Creating the best retail banking experience

ATM Marketplace

A panel at the Bank Customer Experience Summit held in Charlotte, North Carolina from Sept. 9 to 11 did a deep dive into ideas and innovation for retail banking.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one

TheGuardian

Bank-owned ATM numbers are down almost 60%, with many spots now taken by privately-owned machines charging about $3 per withdrawal Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast It is getting increasingly difficult to find an ATM and harder still to find one that doesn’t charge fees, prompting warnings that the push toward a cashless society is neither equitable nor wise.

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Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credit: shutterstock.com The post Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens appeared first on Bussmann Advisory AG.

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The anti-money-laundering lever that regulators have never used

American Banker

Regulators have never held a hearing on whether to revoke the charter of a bank convicted of a money-laundering-related violation. As TD Bank nears a "global resolution" in connection with its compliance failures, it's unlikely to buck the trend.

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HSBC abandons stake in fintech Monese

The Paypers

HSBC has announced its decision to abandon its stake in fintech Monese , as the financial institution has conceded a significant loss by writing off its investment.

Fintech 45
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The 'Jobs Day' data economists rely on is about to get less dependable

American Banker

The Bureau of Labor Statistics has been so underfunded, for so long, that it has been forced to propose cuts to the vital Current Population Survey, which tracks the unemployment rate. Congress cannot allow that to happen.

Survey 63
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The 2024 Lenders Guide to Automating the Complex Loan

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.

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Erste Group partners with Salt Edge

The Paypers

Erste Group has announced its partnership with Open Banking solutions provider Salt Edge in order to bring advanced and secure multi-banking services to the CEE region.

Groups 41
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Revolut reacts to Meta's scam program, Sunwest hires Umpqua exec

American Banker

Challenger bank Revolut calls for Meta's scam info program to reimburse victims; Sunwest Bank taps Umpqua's Mike McKean to lead treasury and payments; Fifth Third launches a new line of business; and more in this weeks banking news roundup.

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The MAC Conference – 2024 Recap

Image Works Direct

No, this is not a sports recap of the Mid-American Conference! This is the Marketing Association of Credit Unions (MAC) Conference set in Hollywood, California. The three-day event created by credit union marketers for credit union marketers featured more than 75 credit unions from across the U.S. and included 16 keynote speakers.

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What banks need to know about the CFPB's open banking rule

American Banker

Banks are trying to get a grasp of the Consumer Financial Protection Bureau's financial data rights plan, from preparing for an influx of data requests from fintechs to meeting ongoing compliance.

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Is Your Current Card Platform Holding You Back?

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

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Sonovate joins forces with Alloy to mitigate fraud and further expand

The Paypers

UK-based fintech Sonovate has announced that it entered into a strategic agreement with Alloy to implement the latter’s identity risk solution to mitigate fraud while its operations expand.

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Territorial in Hawaii postpones merger vote as competing offer lurks

American Banker

Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los Angeles-based Hope Bancorp.

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FedNow to expedite FEMA payments for Helene survivors

The Paypers

FedNow has announced that it will expedite Federal Emergency Management Agency (FEMA) payments and transactions for Helene hurricane survivors.

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Klarna's banking ambitions get a boost from Big Tech

American Banker

The Swedish buy now/pay later lender has partnered with Adyen and Apple as it builds a merchant network ahead of its U.S. IPO.

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3 Ways Managed Device Services Help Community Banks Cut Costs

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

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SEBES Technology becomes Flagright's latest customer

The Paypers

AI-powered AML compliance solutions provider Flagright has announced that SEBES Technology , a fintech company offering payment solutions, became its latest customer.

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The promise and perils of agentic AI

American Banker

The technology, which turns large language models into autonomous agents, could be a game changer for banks.

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Maybank partners Bank of Hangzhou

The Paypers

Maybank has announced its partnership with the Bank of Hangzhou to enhance cross-border financing, advancing artificial intelligence (AI), and digital innovation.

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New thresholds set for TILA protections, appraisal requirements

American Banker

The Federal Reserve and the Consumer Financial Protection Bureau moderately increased the minimum prices at which the Truth in Lending Act applies to loans and leases.

Lending 36
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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NTT DATA partners with Naehas to simplify financial solutions

The Paypers

NTT DATA , a worldwide provider of IT services and consulting, has revealed its collaboration with Naehas , a financial services customer experience cloud space.

Data 36
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Newtek tops SBA lender list. It's next hurdle: gaining investor trust

American Banker

Despite strong growth and solid profits, the Miami-based lender, formerly a business development company, still hasn't convinced the market it fits in as a bank.

Miami 36
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Saxo Bank introduces SaxoInvestor, a UK platform for investors

The Paypers

Saxo Bank has unveiled SaxoInvestor, a new platform tailored for UK investors, providing access to more than 70,000 global instruments: stocks, ETFs, and bonds.

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Critics say FDIC governance proposal overreaches, but proponents say few banks are affected.

American Banker

The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

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.