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.

Data 83
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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.

Report 402
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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.

Software 195
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Stripe shows signs of IPO, despite CEO comments

Payments Dive

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

Software 395
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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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Yorkshire has lowest ratio of bank branches to people in UK, says Which?

TheGuardian

Consumer group says 6,161 branches have been shut since 2015 and there are 30 constituencies without one Yorkshire has the lowest ratio of bank branches to people of anywhere in the UK after a wave of closures that has left many places without a single outlet, research has found. The Yorkshire and the Humber region now has 248 branches left to serve a population of 5.6 million people, according to consumer group Which?

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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.

How To 83
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Stripe shows signs of IPO, despite co-founder comments

Payments Dive

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

Software 221
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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.

Tools 81
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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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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.

Data 74
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Citizens, a public company for 10 years, looks ahead to the future

American Banker

After the bank's 2014 spinoff from Royal Bank of Scotland, its executives worked to shore up weaknesses. Now they're concentrating on how to close the gap with regional banking peers.

Company 81
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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.

Fraud 73
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The Most Powerful Woman in Banking 2024: Citigroup's Jane Fraser

American Banker

The Citi CEO has been focused on revamping the $2.4 trillion-asset megabank and is making progress on streamlining management layers and making investments in risk management.

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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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It's Okay to Be An IDIOT: From the Center Ring to the Boardroom

ATM Marketplace

Whether you’re an aspiring entrepreneur, a creative soul yearning to make a difference, or simply seeking inspiration and motivation, this book holds the power to ignite a fire within you. Brace yourself to be inspired, challenged, and motivated like never before.

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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.

America 78
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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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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.

System 84
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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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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?

US 59
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The Most Powerful Woman in Finance 2024: Mary Callahan Erdoes, JPMorgan Chase

American Banker

Erdoes, CEO of asset and wealth management, leads more than 30,000 employees with 15 direct reports and helps manage the bank's $5.4 trillion in client assets.

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6 banks that reimburse ATM fees

ATM Marketplace

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

ATM 91
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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.

Cards 74
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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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21.co integrates Chainlink Proof of Reserve

The Paypers

21.co has announced the integration of the industry-standard Chainlink Proof of Reserve on both Solana and Ethereum mainnets to increase the transparency of 21BTC.

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The Most Powerful Women in Finance: No. 8, Emily Portney, BNY

American Banker

Portney leads the bank's largest business unit, asset servicing. The group's assets under custody and administration neared $50 trillion in the second quarter, setting a record for BNY and the financial industry.

Groups 69
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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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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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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.