Tue.May 28, 2024

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How vertical integration elevates customer journeys to new heights

ATM Marketplace

At a time when a seamless customer journey is more important than ever, vertical integration allows organizations to prioritize customization, increase connectivity and develop software and hardware systems that keep customers happy and engaged.

Software 118
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Visa preps for US pay-by-bank services

Payments Dive

The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

US 459
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Get This Fixed vs. Floating Loan Calculator to Help Borrowers

South State Correspondent

Most borrowers are implicitly expressing a view that interest rates will be lower in the future than the current market expectation. This view is reflected by a sharp decrease in the average contractual loan commitment term at community banks and an increase in floating vs. fixed rate structures. Borrowers are choosing short-term financing in anticipation of the Federal Reserve embarking on an interest rate-cutting cycle.

Analysis 195
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PayPal pursues ad platform tied to data

Payments Dive

The new offering by the digital payments pioneer will be led by Mark Grether, who helped grow Uber Advertising into a $1 billion business.

Data 284
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Back to Basics with Reconciliations

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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The Problem With Customer Opinion Surveys and Strategy

Alex Jimenez

For the past few years I’ve noticed that more and more banking and banking technology articles about the future of banking seem to be informed by dubious claims. The writers derive these claims from customer opinion polls and immediately jump to conclusions without understanding survey methodology. Some researchers and consultants conduct customer opinion surveys with biased questions and limited responses.

Survey 87

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5 questions with … J.P. Morgan Payments’ Lia Cao

BankInovation

Lia Cao, global head of embedded finance and solutions at J.P. Morgan Payments, is focused on meeting consumers where they want to be met through integrated banking services. “Consumer demand is driving significant interest in embedded banking and alternative payment methods,” Cao told Bank Automation News. To keep up with demand, J.P.

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DSCR Loan Requirements for Commercial Property Investors

Commercial Lending USA

You can get commercial property financing with debt service coverage ratio loans or DSCR loan requirements.

Lending 98
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How Visa and Mastercard are bolstering non-card payments

American Banker

Rather than compete against the rising tide of account-to-account transactions, the two card networks are looking for ways to make themselves essential to this growing market.

Cards 83
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Metro Bank ignored my report of attempted scam

TheGuardian

Although fraudsters gave one of its account numbers, it was totally uninterested as I was not its customer I am the treasurer of a small charity, and recently received an email that appeared to come from the chair asking me to send a £780 payment to a supplier. I immediately realised that it was a scam – it wasn’t written in his style, and, when I looked closely, it hadn’t come from his email address.

Metro 74
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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Inside a Zelle fraud that almost lost a Florida consumer $3,500

American Banker

Early Warning, which operates the payment network, says the rate of reported fraud is less than a tenth of one percent. Yet stories of consumers who have fallen victim to scams and lost money as a result abound.

Fraud 83
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MOST joins forces with Hawaiian Airlines

The Paypers

Retail and payment solutions provider MOST has partnered with Hawaiian Airlines to offer hardware and software solutions customised for the latter’s fleet.

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Regulators must not stifle the potential of AI in financial services

American Banker

Regulators are inherently cautious, but they must not allow concerns about risk to blind them to the enormous opportunities artificial intelligence presents for the financial well-being of Americans.

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J.P. Morgan Payments tech leader to be fireside speaker at Bank Automation Summit Europe 2024

BankInovation

Jean-Marc Thienpont, managing director of omnichannel and biometric solutions at J.P. Morgan Payments, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Tuesday, Oct. 8, at 10 a.m. GMT +1. The summit takes place Oct.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Fed's Bowman: Balance sheet reduction effort slowing too soon

American Banker

In a speech, the Federal Reserve governor said she would have liked to see the Federal Open Market Committee move more quickly to reduce its holdings. The central bank is poised to begin slowing the pace of balance sheet runoff this week.

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DNA Payments introduces Alipay+ for global transactions

The Paypers

UK-based fintech company DNA Payments has expanded its range of point-of-sale (POS) alternative payment methods by introducing Alipay+.

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Trust in banks trending in the right direction, new survey finds

American Banker

The financial services industry has largely recovered from the negative shocks of the 2008 financial crisis. Still, the results from the most recent release of the Edelman Trust Barometer found that banks need to address a significant level of skepticism among consumers.

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United Payment secures e-money licence in Azerbaijan

The Paypers

Fintech company United Payment has announced that it secured an e-money licence from the Central Bank of Azerbaijan , allowing it to provide additional capabilities.

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It Takes Two to Tango

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.

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Why Retail Bank Onboarding is a Start, Not a Finish

The Financial Brand

This article Why Retail Bank Onboarding is a Start, Not a Finish appeared first on The Financial Brand. Onboarding is not just about activating customer relationships. The right onboarding process must broaden and deepen relationships over time. This article Why Retail Bank Onboarding is a Start, Not a Finish appeared first on The Financial Brand.

Retail 23
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Hyperform consortium develops quantum-safe cybersecurity solutions

The Paypers

The Hyperform consortium has revealed its work on a series of quantum-safe solutions designed to protect data from potential quantum computer threats.

Data 50
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AI Copilots Can Push Bottom-Up Innovation — But At What Cost?

The Financial Brand

This article AI Copilots Can Push Bottom-Up Innovation — But At What Cost? appeared first on The Financial Brand. With no overarching formal corporate strategy, employees are experimenting with AI tools on their own. Should banks be concerned? This article AI Copilots Can Push Bottom-Up Innovation — But At What Cost? appeared first on The Financial Brand.

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Swiipr raises GBP 6 million

The Paypers

UK-based travel paytech firm Swiipr has announced the raise of GBP 6 million in a Series A funding round to drive the company’s development in the industry.

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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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Can Geolocation Unlock Trust in the Next Generation of Bank Customers?

The Financial Brand

This article Can Geolocation Unlock Trust in the Next Generation of Bank Customers? appeared first on The Financial Brand. Geolocation technology provides a bridge between the physical and digital worlds that has the potential to win back the trust of consumers, particularly Generation Z. This article Can Geolocation Unlock Trust in the Next Generation of Bank Customers?

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HPS acquires CR2 to improve global payment solutions

The Paypers

Morocco-based Hightech Payment Systems (HPS) has acquired CR2 , a digital banking and payment software provider, to advance and solidify its global payment solutions.

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Scotiabank reports rising digital banking adoption in Q2

BankInovation

Scotiabank saw digital adoption among customers and its tech spend tick up during its fiscal second quarter 2024. The Toronto-based bank reported active mobile users increased 10% year over year to 4.3 million, while its digital adoption rate increased 2.7% YoY to 64.5% in Canada in the quarter ended April 30.

Report 79
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Emirates Development Bank partners with Tagit

The Paypers

UAE-based Emirates Development Bank has announced its partnership with Tagit in order to go live with its digital corporate banking product.

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Confronting the Change Challenge

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.