Payments Dive

JULY 25, 2023

The card issuer paid the fine for failing to properly monitor a third-party affiliate and in connection with its courting of small business clients, the agency said.

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Cards 356

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 1 Unlike ACH transfers and personal payment options like Venmo, FedNow transactions can complete core clearing and settlement within seconds.

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Fraud Payments Security Resources 195

Payments Dive

JULY 25, 2023

Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.

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Survey Apple 195

BankInovation

JULY 25, 2023

Processing chargebacks has long been a time-consuming manual operation for e-commerce merchants, but now AI can be utilized to streamline the procedure for financial institutions.

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Fintech Operations Data 97

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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BankUnderground

JULY 25, 2023

May Rostom On average, parental contributions help children buy homes four years earlier than those without them. Out of every 100 new homeowners below the age of 30, 16 will have had help from ‘the Bank of Mum and Dad’, or Bomad for short. That rises to one in four new homeowners under the age of 25. Those who have had help from their parents put down a deposit twice as large, bought bigger first homes, and had smaller mortgage payments than those who did not.

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Taxes Policies Data Course 93

TheGuardian

JULY 25, 2023

Former Ukip leader obtained report suggesting media coverage of his political views was considered in Coutts closure decision Profile on Alison Rose, the NatWest CEO who quit Farage NatWest row – follow the latest live Dame Alison Rose, the chief executive of NatWest Group, has stood down after a row over the closure of Nigel Farage’s bank account with the private bank Coutts, which NatWest owns.

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Groups Report 76

Jack Henry

JULY 25, 2023

While rate movement has been rather stagnant in recent years, times are changing. Rates are on the move, and with that comes a renewed focus on Asset Liability Management (ALM). As reported by American Banker and National Credit Union Administration , there has been a significant swing in deposit rates, with even more change on the horizon.

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Management National Report Operations 78

TheGuardian

JULY 25, 2023

Bank warns Alison Rose could see pay docked after controversy over closure of ex-Ukip leader’s Coutts account NatWest’s beleaguered chief executive, Alison Rose, has admitted she was the source of a controversial BBC story about Nigel Farage’s bank accounts and issued a grovelling apology in an attempt to save her job. Rose said she made a “serious error of judgment” in discussing Farage’s banking relationship with its exclusive private lender Coutts, in a conversation with a BBC reporter this m

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Report Groups 69

American Banker

JULY 25, 2023

A hefty advertising budget combined with a worldwide pool of potential members has now pushed Navy FCU beyond the 13 million-member mark, substantially larger than its nearest competitors.

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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TheGuardian

JULY 25, 2023

US Virgin Islands accuses executives of ignoring Epstein ‘nymphettes’ while bank says territory ‘looked the other way’ The US Virgin Islands unveiled new accusations against JP Morgan over the bank’s ties to former client Jeffrey Epstein , including executives discussing how the disgraced late financier surrounded himself with “nymphettes”. JP Morgan countered that the US Virgin Islands was also to blame for allowing Epstein’s sexual abuse of young women and teenage girls, saying the territory u

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Virgin Islands US 60

American Banker

JULY 25, 2023

Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said.

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California Management Marketing 69

BankInovation

JULY 25, 2023

The total funding and number of deals in the fintech sector fell in the second quarter in the face of high-profile U.S. bank collapses in the spring. In Q2, global fintech funding slumped to $7.

Fintech 52

Fintech 52

American Banker

JULY 25, 2023

The Office of the Comptroller of the Currency levied the civil money penalty against American Express National Bank for failing to implement adequate call-monitoring controls and track customer complaints with a third-party affiliate.

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National Compliance Regulation 69

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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BankInovation

JULY 25, 2023

Digital payments are gaining popularity with consumers and suppliers as digital wallets, digital issuance and the overall payments landscape continues to evolve. As consumers look to digital wallet capabilities that extend beyond Apple Pay, a Gartner report released June 28, How Will Digital Wallets Evolve in the Future, explores “Where do we go from here?

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Payments Apple Report 52

American Banker

JULY 25, 2023

Bank loyalty platform provider Wildfire Systems unveils a tool that could enable banks to earn revenue from merchants when customers click on personalized offers embedded in content via generative AI.

Tools 69

Tools System Payments 69

TheGuardian

JULY 25, 2023

The rise and fall of the group’s first female boss, who took up the role in 2019 NatWest boss Rose resigns over Farage Coutts account row Business live updates – latest news Dame Alison Rose, who quit as the NatWest chief executive overnight, had made history when she took up the role in 2019, becoming the first woman to take the top job at one of the UK’s big four banks.

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Groups 55

American Banker

JULY 25, 2023

Storms earlier this month crippled local communities in the Green Mountain state. Banks, which have had to close branches or open alternative ones, are offering flexible loan repayment options and working with municipalities to finance the rebuilding of infrastructure.

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Vermont Community 69

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Tomorrow's Transactions

JULY 25, 2023

Open Banking and Artificial Intelligence (AI) have emerged as game-changers in the financial services industry, reshaping the way financial institutions operate and interact with their customers. The convergence of Open Banking’s secure access to financial data and the advanced capabilities of AI has unlocked a world of practical possibilities and tangible benefits.

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Security Operations Industry Data 39

American Banker

JULY 25, 2023

As banks and merchants gear up for instant settlement, the merchant acquirer is using artificial intelligence to sharpen the accuracy of its fraud detection.

Fraud 69

Fraud Payments 69

The Paypers

JULY 25, 2023

Bank of India has announced the launch of three dedicated centres for startups and plans to have 12 such centres with a with a USD 61 million loan book by the first year of operations.

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Operations 36

American Banker

JULY 25, 2023

BMO Financial Group will enable payments, hold deposits and more for Grounded Technologies, a company that sources funding for banks from a diverse mix of asset managers.

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Groups Technology Management Payments 53

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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The Paypers

JULY 25, 2023

Open Banking payments network TrueLayer has launched payment links, a feature that enables businesses to accept Open Banking payments online, via chat, and in-store.

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Payments Online 36

American Banker

JULY 25, 2023

Evidence from the implementation of the 2009 CARD Act shows that warnings about higher interest rates and other unintended consequences don't square with reality.

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Cards Policies Compliance Regulation 53

The Paypers

JULY 25, 2023

Swiss fintech NetGuardians has announced its partnership with Bank Al Etihad to deploy its AI-enabled payment fraud prevention service at the Jordan-based bank.

Fraud 36

Fraud Fintech Payments 36

American Banker

JULY 25, 2023

With the introduction of FedNow, the Federal Reserve is out of good reasons not to mandate that banks process payments by the fastest means available.

Policies 52

Policies Payments Compliance Regulation 52

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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