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 119

Marketing North Carolina US Community 119

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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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

Operations

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

Commercial Lending USA

OCTOBER 2, 2024

Get expert advice on SBA loan to buy an existing business for 1.9m. Learn about Commercial Lending USA eligibility, application, and benefits.

Lending 106

Lending 106

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 98

Regulation System 98

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

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 79

Regulation Marketing Report 79

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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.

Groups

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

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

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

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

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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

Community Bank

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

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

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

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

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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.

Lending

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

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

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

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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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.

Analysis

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

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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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