Wed.May 15, 2024

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Why Diversification Fails at Banks

South State Correspondent

Bankers have been taught to diversify their loan portfolio to reduce idiosyncratic (individual borrower) risk and to stabilize earnings. The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

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Fed, OCC to hold meeting on Capital One-Discover deal

Payments Dive

Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.

Meeting 396
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Why Diversification Fails at Banks

South State Correspondent

Bankers have been taught to diversify their loan portfolio to reduce idiosyncratic (individual borrower) risk and to stabilize earnings. The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

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Shift4 to buy rival POS firm Revel for $250M

Payments Dive

The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

System 293
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Unlocking the financial data ‘treasure trove’

BankInovation

AI and generative AI applications continue to dominate conversations within the financial services industry, but implementing generative AI is near impossible if bank data isn’t standardized and accessible. What makes good data?

Data 126

More Trending

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Four ways DORA compliance is an opportunity for financial services organizations to accelerate digital transformation

Cisco

The Digital Operational Resilience Act (DORA) offers financial service institutions the chance to enhance operational resilience and competitive advantage through compliance, with Cisco providing a comprehensive suite of solutions to support FSIs in meeting these new regulatory requirements.

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Most Influential Women in Fintech 2024

American Banker

The publication selected 20 women who have shown strong leadership and communication skills.

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Leveraging language models for prudential supervision

BankUnderground

Adam Muhtar and Dragos Gorduza Imagine a world where machines can assist humans in navigating across complex financial rules. What was once far-fetched is rapidly becoming reality, particularly with the emergence of a class of deep learning models based on the Transformer architecture ( Vaswani et al (2017) ), representing a whole new paradigm to language modelling in recent times.

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American Express expands in U.K., Western Union returns to Cuba

American Banker

Amex is working with Worldpay to reach businesses in the U.K., Western Union has resumed remittances to Cuba after shutting down that corridor in 2020, and more.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Transactions: KeyBank, Qolo launch virtual account management service

BankInovation

KeyBank launched its virtual account management solution, Key Virtual Account Management, powered by payments platform Qolo, on May 7.

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Banking-as-a-service middleware is going 'direct.' What does that mean?

American Banker

Companies such as Synctera, Treasury Prime and Unit are diversifying their services or enabling more direct contracts between banks and fintechs to survive in an evolving regulatory environment.

Fintech 87
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Four ways DORA compliance is an opportunity for financial services organizations to accelerate digital transformation

Cisco

The Digital Operational Resilience Act (DORA) offers financial service institutions the chance to enhance operational resilience and competitive advantage through compliance, with Cisco providing a comprehensive suite of solutions to support FSIs in meeting these new regulatory requirements.

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VantageScore debuts model that can consider bank account data

American Banker

The VantageScore 4plus product pulls in standard credit file information while also analyzing bank account balance and other transactional data to create an adjusted score

Data 83
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Standard Chartered completes Euro-denominated payments on Partior network

The Paypers

Standard Chartered has completed the Euro-denominated cross-border transactions between Hong Kong and Singapore, on the Partior network.

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Innovators of the Year 2024

American Banker

These 20 bankers and fintech executives are helping banks go digital in new ways.

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Deutsche Bank enters asset tokenisation project

The Paypers

Germany-based financial institution Deutsche Bank has announced that it entered an asset tokenisation project by collaborating with Singapore’s Central Bank.

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The Lummis-Gillibrand stablecoin bill is misguided and dangerous

American Banker

The bill, which would allow uninsured trust companies to issue stablecoins, represents a perilous departure from historically sound financial regulatory policies, and would open the door to potentially catastrophic market disruptions.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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Skyro taps ADVANCE.AI to improve financial access for Filipinos

The Paypers

Philippines-based fintech Skyro has partnered with identity verification provider ADVANCE.AI to augment onboarding processes for Filipinos accessing financial services.

Fintech 48
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Will other mortgage warehouse lenders follow NYCB in pullback?

American Banker

Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.

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Basis taps TruStage to offer BNPL solutions for dental care

The Paypers

US-based dental care financing provider Basis has partnered with insurtech company TruStage to integrate insurance coverage with BNPL solutions for dental patients.

US 45
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Will other mortgage warehouse lenders follow NYCB in pullback?

American Banker

Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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bunq joins the insurance market

The Paypers

Netherlands-based neobank bunq has upgraded its user-facing AI assistant Finn and joined the insurance market in partnership with Qover.

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A Black-owned bank bets big on AI

American Banker

CEO Kevin Cohee is convinced WiseOne, the AI companion OneUnited Bank rolled out late last year, can help customers make better financial decisions. Cohee also wants to see his passion for personal fiscal improvement play to a wider audience, through development of a nationwide financial literacy curriculum.

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Nets joins forces with Klarna

The Paypers

The Network for Electronic Transfers (NETS) Group has entered a collaboration with Klarna to provide the latter’s payment methods to its Nordic merchant customers.

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Housing czar needed to untangle regulatory knots, MBA's Broeksmit says

American Banker

A presidential advisor for housing could be the solution for the "alphabet soup" of federal agencies that don't understand the industry, Mortgage Bankers Association CEO Bob Broeksmit said.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.