TheGuardian

MAY 1, 2024

The pandemic accelerated the shift away from notes and coins. But China and others are realising that transition has a price One of the idiosyncrasies of China’s huge appetite for luxury goods has been the high sales of man bags – a niche item in the west. Their popularity initially reflected not just the fondness of the newly rich for conspicuous consumption, but also the practical need to carry large wodges of banknotes in a country that hadn’t truly embraced credit cards.

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Survey Cards Marketing Technology 106

Payments Dive

MAY 1, 2024

The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

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Industry Payments Company 438

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million.

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Payments Dive

MAY 1, 2024

“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” ACI Worldwide said.

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The Paypers

MAY 1, 2024

The National Bank of Iraq has gone live with Temenos core banking and payments, aiming to develop new products faster and optimise the customer experience.

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American Banker

MAY 1, 2024

Fifteen banks have failed since 2017, with the most recent one collapsing on April 26, 2024.

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Payments Dive

MAY 1, 2024

The giant digital retailer has created a new payment flow connected to groceries.

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Retail Payments 195

Jack Henry

MAY 1, 2024

Funding broker clients is challenging. Working around common obstacles – everything from error-prone manual processes to communications breakdowns – can significantly impact efficiency, which in turn significantly impacts profitability. That’s where automation comes in.

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Operations 88

American Banker

MAY 1, 2024

Texas Dow Employees Credit Union has agreed to acquire Sabine State Bank and Trust in Louisiana to raise its profile in the oil-and-gas industry. The deal coincides with record levels of U.S. drilling this year.

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Advertiser: ZoomInfo

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The Paypers

MAY 1, 2024

Mashreq Egypt and Visa have partnered to unveil the Mashreq NEO Visa Card, heralding a transformative era of banking convenience in Egypt.

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Cards 78

American Banker

MAY 1, 2024

The embattled Long Island bank unveiled a turnaround plan that involves selling non-core assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.

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BankInovation

MAY 1, 2024

Tech giants across the board are looking to monetize AI as they continue to pour funds into developing technology and cloud services. “We have clear paths to AI monetization through ads and cloud, as well as subscriptions,” Chief Executive Sundar Pichai said during Google’s April 25 earnings call.

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American Banker

MAY 1, 2024

During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.

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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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BankInovation

MAY 1, 2024

EverBank has selected payment and financial solutions provider Finzly to update its payment processing system, according to an April 18 release. The $34.6 billion, Jacksonville, Fla.

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American Banker

MAY 1, 2024

The Consumer Financial Protection Bureau is considering new rules covering the collection and sale of some consumer data. If it's not careful, the agency could be inadvertently assisting identity thieves.

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Fraud Data Compliance Regulation 77

The Paypers

MAY 1, 2024

US-based dining and retail technology platform Quickcharge has implemented Amazon ’s Just Walk Out technology for frictionless dining at hospitals.

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American Banker

MAY 1, 2024

Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.

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The Paypers

MAY 1, 2024

Global blockchain-enabled B2B payments provider Paystand has announced the acquisition of Teampay for the development of the B2B payment landscape.

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blockchain Payments 41

American Banker

MAY 1, 2024

Bolstered by healthy first-quarter global card-spending trends, Mastercard is focusing on opportunities outside the U.S., including a unique card-processing arrangement beginning this month in China.

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Trends Cards Payments 41

The Paypers

MAY 1, 2024

In a move aimed at expanding cryptocurrency access in emerging markets, Onramp Money has announced its integration with KuCoin Exchange.

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cryptocurrency Marketing 41

The Financial Brand

MAY 1, 2024

This article Is Headless Banking the Next Evolution of BaaS? appeared first on The Financial Brand. Headless banking is poised to reshape banking-as-a-service — but technology limitations and regulator scrutiny could limit widespread adoption. This article Is Headless Banking the Next Evolution of BaaS? appeared first on The Financial Brand.

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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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The Paypers

MAY 1, 2024

Worldcoin , a company that verified identities using iris scanning, has been discussing a potential collaboration with OpenAI to deliver additional AI solutions.

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Company 41

The Financial Brand

MAY 1, 2024

This article Should Your Bank Be Giving Gen Z Plastic Cards? appeared first on The Financial Brand. Many don't see the need for a card representing an account they use on their smartphone. But don't ditch cards entirely for Gen Z consumers. This article Should Your Bank Be Giving Gen Z Plastic Cards? appeared first on The Financial Brand.

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Cards Branding Apple Trends 38

The Paypers

MAY 1, 2024

Fintech Australia has signed a Memorandum of Understanding (MoU) with the Thai Fintech Association to partner and foster fintech capability between the two regions.

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American Banker

MAY 1, 2024

The Bank of England set a date of March 2025 for local banks to establish operational resilience plans, Ant Group is using artificial intelligence to aid shopping, and more.

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Groups Operations Compliance Regulation 36

Advertiser: ZoomInfo

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