Tue.Sep 24, 2024

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Data-Driven Storytelling: What Can Fintechs Learn from Spotify Wrapped?

William Mills

In today’s hyper-connected, information-saturated world, audiences crave authenticity, relevance and connection. Generic messages fail to stand out in this increasingly crowded environment. A powerful tool that is often overlooked is data-driven storytelling. Combining compelling narratives with proven sources of data not only cuts through the noise, but also increases credibility, provides clarity and informs an audience in a more inspiring and influential manner.

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Visa faces possible DOJ lawsuit, news reports say

Payments Dive

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

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Human-in-the-loop: Enhancing AI in AML/CFT software for competent case management

Abrigo

When AI complements human decision-making Human oversight, often called a human-in-the-loop approach, remains important as AI increasingly enhances AML/CFT software. You might also like this checklist, "6 steps for compliance with the new AML/CFT program rules." DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring.

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DOJ suit accuses Visa of illegal debit payment monopoly

Payments Dive

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Visa faces Justice Department antitrust case on debit cards

American Banker

Antitrust enforcers are preparing to accuse the payments giant of taking steps to keep rivals from challenging its dominance in the debit card market, according to people familiar with the matter.

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Real-time data drives consumer decisions post rate cut

BankInovation

Financial institutions are looking to real-time, data-driven insights to suggest actions clients can take to benefit from last week’s interest rate cut by the Federal Reserve. Banks have already been strengthening their client relationships by leaning on data and analytics to offer clients specific products that help them save for retirement or home purchases.

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Liberty Capital to acquire Southwestern Bancorp in Texas

ABA Community Banking

Liberty Capital Bancshares in Addison, Texas, has agreed to buy Southwestern Bancorp in Boerne, Texas. The post Liberty Capital to acquire Southwestern Bancorp in Texas appeared first on ABA Banking Journal.

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‘One-size-fits-all’ not the best AI strategy

BankInovation

Customer demographics play a role in AI-driven chatbot adoption at financial institutions. “Having a one-size-fits-all strategy [for AI deployment] is not the best strategy to have,” Rahul Kumar, vice president and general manager of financial services at AI-driven customer experience provider Talkdesk, told Bank Automation News. “Getting a better understanding of the segments that you […] The post ‘One-size-fits-all’ not the best AI strategy appeared first on Bank Automation News.

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How a DOJ suit against Visa is a lifeline for bank tech sellers

American Banker

If the government forces the card giant to reduce control over security gateways, firms that sell debit processing and adjacent payment tools to banks such as FIS and Fiserv could cash in.

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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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dlocal partners with ShopeePay

The Paypers

dLocal , a cross-border payment platform focusing on emerging markets, has announced its partnership with ShopeePay , a regional mobile wallet in Asia.

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The Most Powerful Women in Banking: No. 5, Holly O'Neill, Bank of America

American Banker

As president of retail banking, O'Neill said she is focused on putting clients on a path to financial health, delivering "a great experience" and transforming the business while applying technology in support of those objectives.

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Choose Your Hard: The Paradox of Running Appraisal Teams

Realwired Appraisal Management Blog

It’s hard to run a poorly managed appraisal department. It’s hard to run an efficient appraisal department. It’s hard to run a poorly managed appraisal operation and it’s equally hard to run a well-organized one. The question is: which hard do you want to live with?

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How to Choose the Right Commercial Land Lenders

Commercial Lending USA

Do you have a great commercial property in the middle of a busy city? Suppose the steady flow of people walking by, the businesses doing well, and the rent money coming in.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Swift and Wise expand cross-border payment options globally

The Paypers

Swift has partnered with global tech company Wise to allow secure Swift transfers to be completed over Wise with full transparency for financial institutions and their customers.

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The Most Powerful Women in Banking 2024

American Banker

Our annual list of the 25 Most Powerful Women in Banking honorees.

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LexisNexis Risk Solution release new report on fraud and cyberattacks

The Paypers

Global data and analytics company LexisNexis Risk Solutions has released a new report investigating digital fraud, revealing a substantial surge in fraud attacks in 2023.

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Credit union-bank mergers tie record with deal in New York

American Banker

ESL Federal Credit Union's plan to acquire Generations Bancorp marks the 16th deal this year in which a credit union plans to acquire a bank. While controversial, such transactions are swelling in number.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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6 banks that reimburse ATM fees

ATM Marketplace

Here are six banks that partially or fully reimburse ATM fees.

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The Most Powerful Women in Banking: No. 6, Wendy Stewart, Bank of America

American Banker

Stewart took over as head of commercial banking three years ago as the country was coming out of the pandemic and several of the people on the commercial bank's leadership team were getting ready to retire.

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Mubadala acquires stake in Revolut

The Paypers

UAE-based investor Mubadala has announced its decision to take a substantial stake in fintech firm Revolut via a share sale that valued the company at nearly USD 45 billion.

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Senators propose AI Civil Rights Act to address 'sinister side' of artificial intelligence

American Banker

Sen. Edward Markey warns that biased AI algorithms are making decisions that deny mortgages to Black people.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Vipps MobilePay expands in Sweden

The Paypers

Vipps MobilePay has announced its expansion in Sweden, aiming to provide customers in the region with the possibility to send money to each other quickly and securely.

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The Most Powerful Women in Finance 2024

American Banker

Our annual list of the 25 most powerful women in finance.

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Newton Property Management partners with GoCardless

The Paypers

Newton Property Management has announced its partnership with GoCardless in order to provide its customers with Open Banking-powered payment features.

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The Most Powerful Women in Banking: No. 10, Lori Beer, JPMorgan Chase

American Banker

As global chief information officer, Beer is responsible for the bank's global technology systems and infrastructure and manages a $17 billion budget. She oversees more than 63,000 technologists and has 18 direct reports.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se