Payments Dive
JUNE 22, 2023
“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.
South State Correspondent
JUNE 22, 2023
In the last article, we covered the basics of EOS ( HERE ), the Entrepreneurial Operating System, and how some banks use it to improve productivity. EOS is a comprehensive business system that empowers a leadership team to run a more successful bank. EOS comprises a series of tools and concepts that guide leaders in managing and optimizing their operations.
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Payments Dive
JUNE 22, 2023
Servicemember complaints about digital payment apps surged last year, according to a CFPB report, which also highlighted military families’ susceptibility to payments fraud.
BankInovation
JUNE 22, 2023
Bank of America’s Amanda Sorensen, senior vice president of the Business Information Security Office, is focused on risk mitigation, staying ahead of cybercriminals and monitoring cyberattacks at the $3.1 trillion bank. The Charlotte, N.C.-based bank announced that it had increased its projected technology spend by $400 million for 2023 to $3.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Payments Dive
JUNE 22, 2023
The shuttering of a Seattle location is the ninth closure this year for Amazon’s automated-checkout convenience store concept.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
JUNE 22, 2023
Some bankers would rather get a root canal than do a core conversion. Here’s why others are finding the conversion option attractive. The post Conversion experiences appeared first on ABA Banking Journal.
CFPB Monitor
JUNE 22, 2023
The report examines the vulnerabilities in DeFi, including potential gaps in the United States’ Bank Secrecy Act/anti-money laundering regulatory, supervisory, and enforcement regimes for DeFi. We first discuss how Treasury defines DeFi, the report’s findings regarding the use of DeFi services in the process of transferring and laundering illicit proceeds, the BSA’s application to DeFi services and the impact of decentralization on BSA coverage, and the report’s recommendations. .
American Banker
JUNE 22, 2023
In its ongoing quest to diversify beyond bank account data-aggregation, Plaid aims to help fintechs and banks to block fraud by sharing data about stolen consumer identities via a fee-based consortium called Beacon.
The Paypers
JUNE 22, 2023
The International Monetary Fund ( IMF ) has announced it has been working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
American Banker
JUNE 22, 2023
Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.
The Paypers
JUNE 22, 2023
The European Investment Bank has been attacked by pro-Russian hackers in an attempt to disrupt the stability of the Western financial system.
American Banker
JUNE 22, 2023
Through May, there were 32 U.S. bank mergers and acquisitions announced, fewer than half of the 66 deals announced over the same span of 2022. But analysts say higher costs and more regulation could spur consolidation.
Realwired Appraisal Management Blog
JUNE 22, 2023
Now that lender appraisal work pipeline is down to a trickle, appraisers are again eating their young. Panicking, dropping fees to unsustainable levels. Worried about keeping their appraisers and reviewers busy. It’s a normal reaction to a slowdown, but there’s lots of alternatives. Find your energy, motivation and take the time to improve.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
American Banker
JUNE 22, 2023
Groups interested in organizing new credit unions are faced with the challenge of raising the required capital without having a charter in hand. The NCUA's new provisional charter could help.
BankInovation
JUNE 22, 2023
It’s no secret to financial institutions that fraud is on the rise. Seventy percent of financial institutions reported losses of over $500,000 to fraud in 2022, according to Alloy’s State of Fraud Benchmark Report.
American Banker
JUNE 22, 2023
New legislation from Rep. Sean Casten, D-Ill., would impose various requirements and consequences on large banks that don't have a chief risk officer. It follows the failure of Silicon Valley Bank, which left the job unfilled for eight months last year.
The Paypers
JUNE 22, 2023
UK-based LHV Bank has partnered with ecommerce checkout provider Montonio to augment its merchant services with API-driven infrastructure.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
American Banker
JUNE 22, 2023
As a result of the deleted records, the regulator said that JPMorgan could not come up with requested documents in eight SEC investigations and four other regulatory probes.
The Paypers
JUNE 22, 2023
US-based embedded banking software platform Treasury Prime has partnered with Checkout.com to improve enterprise payment solutions.
American Banker
JUNE 22, 2023
FDIC Chairman Martin Gruenberg announced that regulators will soon issue a proposed rule to finalize U.S. implementation of the most recent revisions to the Basel III capital framework. Among the expected updates are changes to capital requirements for banks with assets of more than $100 billion, three of which failed this spring.
The Paypers
JUNE 22, 2023
Core banking platform Tuum has partnered with Marqeta to offer a pre-integrated fintech solution, accelerating Tuum’s customers’ time to market through Marqeta’s open API platform.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
American Banker
JUNE 22, 2023
Treasury's plan to overhaul the certification process for community development financial institutions will benefit the communities served by those institutions.
The Paypers
JUNE 22, 2023
Australia-based expense management platform and corporate card provider Cape has selected payments platform Thredd as its payments issuer processor.
American Banker
JUNE 22, 2023
Nineteen Democratic lawmakers proposed a ban on buy now/pay later loans to finance semiautomatic weapons that would include levying hefty fines on companies that enable the transactions and dealers that accept them.
The Paypers
JUNE 22, 2023
Spain-based financial institution CaixaBank has partnered with EPC-approved European Clearing & Settlement Mechanism (CSM) Iberpay to introduce the SEPA Request-to-Pay (SRTP) service in Europe, according to WebWire.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
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