Wed.Mar 20, 2024

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Meta’s payment plays may pay off this year: report

Payments Dive

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

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Fifth Third CIO: Chatbot 97% accurate in classifying customer intent

BankInovation

NASHVILLE, Tenn. — Fifth Third Bank says that added efficiencies to its chatbot have boosted its accuracy rate as it leans into generative AI.

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Fed banks analyze consumer use of card promos

Payments Dive

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

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Now is the time to reimagine wealth management

BankInovation

The Music is Starting to Stop Recent years have been extremely lucrative for wealth advisors; both the independents and full-freight firms. Low cost of capital, booming public markets, and a growing desire to diversify into new products are all ways wealth management firms can grow AUM and, as a result, grid payouts.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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EU sets deadline for Instant Payments Regulation

The Paypers

The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.

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Why bank stocks still have plenty of upside

American Banker

A key bank stock index ticked up after the Federal Reserve hinted that it could lower rates later this year. But there are still a number of economic uncertainties that are holding shareholders back.

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An appraiser looks at 60

Realwired Appraisal Management Blog

Where are you in your life path? I hope you’re looking at life forward towards the bow (opportunity) and not the stern (regret). My birthday is today, placing me in the typical appraiser age bucket. I don’t feel that getting to the 6th floor of life is a big deal.

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20 U.S. banks with the most construction loans at the end of Q4

American Banker

The top five banks have combined construction loans of more than $72 billion.

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Trustly partners with MoneyGram

The Paypers

Open Banking payments provider Trustly has announced its collaboration with MoneyGram , aiming to introduce cardless payments for the latter’s users across Europe.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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5 regulatory issues to watch in banking this year

American Banker

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

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Tink partners with Micropayment to augment the payment experience

The Paypers

Germany-based payment processor Micropayments Tink has partnered with Sweden-based Open Banking platform Tink to add Pay by Bank to its payment offering.

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Supply takes center stage in Washington's housing push

American Banker

Policy experts say the mix of proposals put forth by the White House could ease the nation's housing shortage, but success will be neither quick nor assured.

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Figure Technologies to launch crypto exchange Figure Markets

The Paypers

US-based Figure Technologies has launched Figure Markets , a platform for trading blockchain-native assets from crypto to stocks to alternative investments.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Citi puts pay-equity analysis on hold amid cuts to its workforce

American Banker

The megabank, which is eliminating about 5,000 jobs in a first round of restructuring, said that it's paused its annual review of racial and gender pay gaps. Citi will conduct a 2023 review sometime later this year, a source said.

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Checkout.com partners with Bolt

The Paypers

Global payment solutions provider Checkout.com has entered a collaboration with Bolt , a checkout technology company, to accelerate the advancement of ecommerce.

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Unions are coming for bank branches. Yours could be next on the list.

American Banker

In the wake of multiple successes in 2023, the labor movement in the U.S. is continuing its efforts to expand. Recent successful union elections at Wells Fargo branches should be a wake-up call to the industry.

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Solaris secures EUR 96 million in Series F funding

The Paypers

Germany-based Embedded Finance platform Solaris SE has announced the raise of EUR 96 million in a Series F funding round led by SBI Group.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Sen. Tester appeals to bankers amid political campaign

American Banker

At an American Bankers Association event, Sen. Jon Tester, D-Mont., who's up for reelection this year, said that he hopes the Durbin-Marshall credit card bill won't go anywhere and criticized the Federal Reserve's debit interchange proposal.

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Trading app Robinhood withholds margin investing in the UK

The Paypers

US-based trading app Robinhood has put on hold its plan to allow margin investing to UK-based consumers until further talks with regulators, as it launches in the UK.

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Are U.S. banks ready for a major ACH outage?

American Banker

In a simulation exercise hosted by the Global Resilience Federation on Tuesday, banks and credit unions tested their ability to withstand an industrywide wiperware attack.

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Chubb partners with Atome

The Paypers

Chubb has announced its partnership with digital financial services platform Atome in order to drive customer protection across the region of Southeast Asia.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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ABA, Postal Inspectors in partnership to combat uptick in check fraud

American Banker

The American Bankers Association and U.S. Postal Inspection Service have launched a public awareness campaign on ways to protect checks sent in the mail.

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Network International partners with Mastercard

The Paypers

Network International has partnered with Mastercard to use its AI-powered Brighterion solution to protect merchants from the Middle East and Africa from fraud.

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Organizations lost billions to fraudsters

American Banker

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

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Addi raises USD 86 million in funding

The Paypers

Colombia-based fintech Addi has raised USD 86 million in a funding round that included both equity and debt financing.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.