BankInovation

OCTOBER 2, 2024

Financial institutions are exploring generative AI through their own center of excellence initiatives, pilot programs and internal applications. However, surrounding the technology “there are more questions than there are answers,” Kris Lazzaretti, senior vice president of data analytics at payments data solution provider Deluxe, told Bank Automation News, noting that the industry is in […] The post 25 questions financial institutions are asking about gen AI appeared first on Bank Automa

Analytics 57

Analytics Data Industry Technology 57

Payments Dive

OCTOBER 2, 2024

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

Tools 408

Tools Groups Payments Report 408

Jeff For Banks

OCTOBER 2, 2024

Financial Markets Update – Third Quarter 2024 I had a fantastic September traveling to France and Luxembourg with my sisters. We joined my dear friend, Elisabeth, Thanks GIs Association, and other American families for the dedication ceremony of a new monument to the 11 th Infantry Regiment, who fought in the Dornot-Corny battle along the Moselle River in 1944 for their freedom.

Marketing 118

Marketing North Carolina US Community 118

Payments Dive

OCTOBER 2, 2024

The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

Technology 221

Technology Cards Management 221

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Groups

BankInovation

OCTOBER 2, 2024

Tens of thousands of Bank of America clients reported outages of online and mobile banking services today. At 1 p.m. ET, more than 20,000 clients had reported issues with the $3.2 trillion bank, according to website Downdetector, which publishes the status of outages in real time. Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News.

America 111

America Mobile Online Report 111

TheGuardian

OCTOBER 2, 2024

High street banks handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent Bank payments can be delayed by an extra three days if lenders suspect consumers are being scammed, as part of a crackdown on booming levels of digital fraud in Britain. Under changes designed to protect consumers against online scams, high street banks are to be handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent.

Payments 105

Payments Fraud Online 105

ABA Community Banking

OCTOBER 2, 2024

Amid persistent inflation and core deposit competition, community bankers expand their pools of funding sources, according to the Conference of State Bank Supervisors’ 2024 community bank survey. The post Cost of funds shoots to top of community bankers’ concerns in 2024 appeared first on ABA Banking Journal.

Community 94

Community Community Bank Survey Conference 94

TheGuardian

OCTOBER 2, 2024

Challenger bank apologises after City regulator says lack of checks ‘left system wide open to criminals and those subject to sanctions’ Business live – latest updates Starling Bank has been fined £29m by the City watchdog for “shockingly lax” financial crime controls which “left the financial system wide open to criminals and those subject to sanctions”.

Regulation 93

Regulation System 93

American Banker

OCTOBER 2, 2024

The U.S. card brands plan to acquire European firms for security and subscription payments, while Bank of America seeks new markets for its virtual B2B business and JPMorgan Chase's blockchain unit gains ground.

Payments 78

Payments America blockchain Branding 78

Advertiser: ZoomInfo

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Analysis

TheGuardian

OCTOBER 2, 2024

Damning report into financial crime controls revealed a shambles at the top and surely ends any dream of a flotation soon Starling Bank fined £29m over lack of financial crime controls Starling Bank, you could say perversely, has joined the big league: it has copped a thumping regulatory fine for having “shockingly lax” controls to combat financial crime, the sort of thing that happens to proper grownup banks.

Regulation 74

Regulation Marketing Report 74

American Banker

OCTOBER 2, 2024

The top five credit unions have combined first mortgage loans and lines of credit of more than $104 billion as of June 30.

Industry 78

Industry Lending 78

The Paypers

OCTOBER 2, 2024

The Financial Conduct Authority has imposed a GBP 29 million fine on Starling Bank as the latter did not meet financial crime systems and controls requirements.

Meeting 74

Meeting System 74

American Banker

OCTOBER 2, 2024

New Canaan-based Bankwell's digital solution relies on software designed by Lendio to compress the application-to-funding interval and appeal to speed-conscious small business owners

Connecticut 78

Connecticut Lending Software Community Bank 78

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Lending

BankInovation

OCTOBER 2, 2024

American Express and Boost Payment Solutions will provide commercial card processing to U.S.-based American Express merchants, the pair announced Sept. 30. Amex merchants will have access to Boost’s straight-through processing solution, Boost Intercept, allowing them to accept virtual cards while avoiding manual processes, Boost founder and Chief Executive Dean Leavitt told Bank Automation News.

Cards 57

Cards Payments 57

American Banker

OCTOBER 2, 2024

As part of a wide-ranging speech on community bank oversight, the Federal Reserve governor said business models should determine regulatory scrutiny rather than asset size.

Community Bank 64

Community Bank Community Compliance Regulation 64

ABA Community Banking

OCTOBER 2, 2024

The chairman of the National Credit Union Administration earlier this year questioned whether credit unions should be spending the money on naming rights for sports stadiums, suggesting the money may be better spent on helping their members. The post Top credit union regulator questioned sports stadium naming rights deals appeared first on ABA Banking Journal.

Regulation 52

Regulation National Community Bank Policies 52

American Banker

OCTOBER 2, 2024

The European legislation prohibits or curtails what it deems to be risky usage of artificial intelligence. Banks will be caught in its net if they provide or deploy such AI systems in the EU.

System 60

System Compliance Technology Regulation 60

Advertiser: ZoomInfo

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Capital

ABA Community Banking

OCTOBER 2, 2024

Only 3% of banks fully automate the small-business lending process, and only for very small loans, and most borrowers are located within 40 miles of a bank branch, according to an FDIC survey. The post FDIC survey: Bank branches remain vital part of small-business lending appeared first on ABA Banking Journal.

FDIC 52

FDIC Survey Lending Community Bank 52

American Banker

OCTOBER 2, 2024

The state's ill-conceived law banning interchange fees on sales tax and gratuities will be burdensome and expensive to implement and could portend a patchwork of state-level copycat legislation that would balkanize the payments system.

Illinois 57

Illinois Taxes System Payments 57

ABA Community Banking

OCTOBER 2, 2024

Regulators should rethink whether the current supervisory thresholds for banks remain adequate or whether those metrics should be instead be based on a bank's business model, activities and risk profile, Federal Reserve Governor Michelle Bowman said. The post Fed’s Bowman: Regulators should revisit supervisory thresholds for banks appeared first on ABA Banking Journal.

Regulation 52

Regulation Community Bank Policies Community 52

The Paypers

OCTOBER 2, 2024

Thunes has broadened its partnership with SCB , Thailand's digital bank, to improve SCB's international remittance services through the SCB EASY app.

Digital Banking 48

Digital Banking 48

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Operations

American Banker

OCTOBER 2, 2024

The Miami-area bank long ago exited New York and has plans to leave Texas, as CEO Jerry Plush expands its footprint in the Sunshine State. The shift comes as the bank, which competes in Florida with many out-of-state banks, is set to cross $10 billion of assets.

Florida 41

Florida Miami Texas New York 41

The Paypers

OCTOBER 2, 2024

Danish fintech firm Cardlay has announced its partnership with Visa in order to optimise spend management solutions for commercial card issuers and their users.

Fintech 45

Fintech Cards Management 45

The Financial Brand

OCTOBER 2, 2024

This article The Future of Banking is Personal appeared first on The Financial Brand. Banks must create a personalized digital experience that differentiates their brand by using data and insights to increase engagement. This article The Future of Banking is Personal appeared first on The Financial Brand.

Branding 40

Branding Data Customer Experience 40

The Paypers

OCTOBER 2, 2024

Mastercard has agreed to acquire Sweden-based startup Minna Technologies , a software company that makes it easy for consumers to manage their subscriptions.

Management 45

Management Software Technology Company 45

Advertiser: ZoomInfo

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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