Tue.Dec 10, 2024

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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti

Fraud 195
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CFPB-Google battle likely to stretch into next administration

Payments Dive

Google 150
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Perficient Named as a Major Player for Worldwide Adobe Experience Cloud Professional Services

Perficient

Were pleased to announce that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Adobe Experience Cloud Professional Services 2024-2025 Vendor Assessment (Doc #US51741024, December 2024). We believe this recognition is a testament to our commitment to excellence and our dedication to delivering top-notch Adobe services to our clients.

Study 221
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Open banking is here, but consumers need to know why it matters

American Banker

The industry should rally behind the Financial Data Exchange, which has stepped up to help develop standards and governance protocols for open banking in the United States.

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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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Banking's Top 5 Total Return to Shareholders: 2024 Edition

Jeff For Banks

There have been some humbling moments in Top 5 recognitions, with some award recipients failing and one voluntarily liquidating. Although we seek long-term performance in our 5-year lookback to mitigate the risk of banks that stoke performance with risky bets, we are reminded that banking is a long game. Business models built to endure do so over different economic cycles.

More Trending

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Massachusetts banks announce merger

ABA Community Banking

Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell. The post Massachusetts banks announce merger appeared first on ABA Banking Journal.

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The CFPB has a new tool to examine customer service at banks

American Banker

A new question field on the Consumer Financial Protection Bureau's consumer complaint form is tied to an advisory opinion on customer service related to customers' requests for information, industry experts say.

Tools 48
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Top 7 2024 ATM articles cover software, gold, trends

ATM Marketplace

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Inflation in focus as bank investors ponder Fed's next move

American Banker

A slower rate of price increases would boost the likelihood of an interest-rate cut that could expand loan demand and lower banks' deposit costs. A higher pace of inflation, however, could derail those catalysts.

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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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Scalapay teams up with Trustfull to scale BNPL fraud prevention in Europe

The Paypers

Fraud 31
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You can't stop debanking without changing banking

American Banker

Allegations of regulators pressuring banks to drop clients and customers because of political views or ties to legal-but-disfavored industries have sparked outrage among conservatives. But requiring banks to serve absolutely everyone would change the nature of banking in ways that aren't conservative.

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TDBM launches Apple Pay in Mongolia

The Paypers

Apple 31
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Synapse saga: Evolve Bank answers Yotta lawsuit

American Banker

The bank suggests it's a scapegoat for Synapse's wrongdoing in a case of banking-as-a-service gone awry.

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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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Marygold Companies launches new cash management feature

The Paypers

Company 28
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Restructuring means near-term pain, long-term gain for First Hawaiian

American Banker

The Honolulu-based bank is taking a $19.7 million pretax loss to rid its balance sheet of low-yielding investments. It joined a parade of banks that have made similar moves.

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QIB partners with PayLater for Shari'a-compliant BNPL services

The Paypers

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Virus-protection firm buys MoneyLion in $1 billion deal

American Banker

The merger pairs the fintech's platform with Gen Digital's identity-protection services, such as Norton, LifeLock and ReputationDefender.

Fintech 36
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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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AB Bank reintroduces its internet banking app, AB Direct

The Paypers

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How community bank 'mavericks' compete in AI space

American Banker

Some smaller banks are punching above their weight when it comes to being AI-savvy, industry observers say.

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CloudPay and Banco Santander bring on-demand pay to Spain

The Paypers

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Wealth Management Is Transforming. Which Banks and Challengers Will Come Out on Top?

The Financial Brand

This article Wealth Management Is Transforming. Which Banks and Challengers Will Come Out on Top? appeared first on The Financial Brand. With an imminent, massive wealth transfer expected over the next twenty years, banks and challengers must position themselves to meet the needs of a new breed of customer. This article Wealth Management Is Transforming.

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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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Saga collaborates with Salt Edge to support Serbian banks

The Paypers

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AI Hype in Banking Cools as Skepticism Grows

The Financial Brand

This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand. Concerns over the inaccuracies of generative AI tools have dampened some of the enthusiasm surrounding the technology. This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand.

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Adyen introduces Tap to Pay on iPhone in the UAE

The Paypers

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How Consumers Value – and Use – Branches is Shifting in Subtle Ways

The Financial Brand

This article How Consumers Value and Use Branches is Shifting in Subtle Ways appeared first on The Financial Brand. Face-to-face support is important now, but younger consumers want more digital options. This article How Consumers Value and Use Branches is Shifting in Subtle Ways appeared first on The Financial Brand.

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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.