Tue.Sep 12, 2023

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Come on, Barbie, Let’s Go Save The Economy!

William Mills

In the ever-evolving landscape of strategic communications, one powerful trend has emerged for businesses seeking to connect with their target audience: women-centered marketing. The interplay of targeted communications and authentic engagement has proven to be a transformative force, not only in propelling brands to the forefront but also in bolstering local economies.

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Stax CEO zeroes in on embedded payments

Payments Dive

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

Payments 243
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AI won't replace employees, it will make CX better

ATM Marketplace

A panel at the Interactive Customer Experience Summit in Charlotte from Sept. 11 to 13 tackled AI head on and how its real benefit is to improve the customer experience, not replace humans.

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Rationale for Federal District Court issuing an injunction in addition to vacating changes to UDAAP Exam Manual

CFPB Monitor

Yesterday, we blogged about the opinion issued on September 8 by the Federal District Court for the Eastern District of Texas in the lawsuit brought last year by several trade associations against the CFPB. In that lawsuit, the trade associations challenged changes made by the CFPB to its UDAAP Exam Manual in March, 2022 to encompass discrimination claims within the “unfairness” prong even when such claims go well beyond the scope of the Equal Credit Opportunity Act.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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At many banks, pandemic-era bond purchases are still tugging at profits

American Banker

Concerns about large unrealized losses on bond investments have receded since the spring banking crisis, but the paper losses have started growing again in recent months. The worries today are less about banks' survival — and more about how much their margins will get squeezed.

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More Trending

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SEC's proposed conflict-of-interest rules include a massive oversight

American Banker

The proposed rule would make it virtually impossible for lenders to enter into routine hedging transactions.

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Mastercard and Paysend enhance cross-border payments for SMEs

The Paypers

Mastercard has partnered with UK-based fintech Paysend to augment cross-border payments for SMEs looking to pay vendors across the globe quickly and securely.

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Why U.S. Bank created its own font, and how digital design is changing

American Banker

Recent Arizent research shows that having appealing digital spaces is one of the most important factors for customer experience at banks.

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4 ways tech expected to enhance cross-border payments

BankInovation

The cross-border payments industry is expected to hit $250 trillion by 2027, up from $150 trillion a decade before in 2017, as adoption grows and technology, including real-time payments, AI and new payment rails, evolves.

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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.

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PayPal supports Web3 payments with On and Off Ramps

The Paypers

US-based financial technology company PayPal has introduced On and Off-Ramps to support Web3 payments and improve access to digital currencies.

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70% of Wells Fargo’s client interactions are digital

BankInovation

NEW YORK — Nearly 70% of Wells Fargo’s interactions with its customers are digital as it continues to invest and improve its digital banking channels, Jazz Samra, head of partnerships at the $1.9 trillion bank, said at Finovate Fall 2023.

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Sprinque expands cross-border B2B payments platform in Germany and Spain

The Paypers

Netherlands-based payment service provider Sprinque has opened new offices in Germany and Spain, further tapping into the European B2B payment market.

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‘We’ve learned lessons’: the banker clearing up the £1.1bn fallout from the UK’s Covid loan scheme

TheGuardian

British Business Bank chief Louis Taylor says he values roles that are ‘beyond the pure profit motive’ Louis Taylor is making a habit of being parachuted in at troubled state lenders. For seven years before he took over as chief executive of the British Business Bank (BBB) last year, Taylor led UK Export Finance (UKEF), the state-owned credit agency that had been dragged into the high-profile Airbus bribery scandal.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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CFPB's Chopra defends his agency's mortgage rules in high court case

American Banker

The head of the Consumer Financial Protection Bureau defended the agency and its mortgage rules in particular on the 15th anniversary of the collapse of Lehman Brothers.

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Deduce raises USD 9 million to prevent AI-generated identity fraud

The Paypers

US-based fraud prevention company Deduce has announced the raise of USD 9 million funding round in order to prevent AI-generated identity fraud.

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Do gift cards need to be plastic? Hallmark, Blackhawk test paper options

American Banker

Blackhawk Network now offers Visa gift cards made of paper, while Venmo and Hallmark are putting QR codes in standard greeting cards. Both initiatives address the environmental harms of first-use plastic.

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BIAN launches Coreless Banking 3.0

The Paypers

The independent standard association BIAN has launched its Coreless Banking 3.0 initiative, in order to resolve the challenges banks face with interoperability.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Barclays CEO detects early signs of rebound in investment banking

American Banker

Mergers and acquisitions are rebounding and equity capital markets are thawing, says C.S. Venkatakrishnan. That's a welcome forecast after a persistent slump sapped investment banking revenue across the industry.

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Monzo launches investment feature

The Paypers

UK-based digital bank Monzo has launched an investment feature that allows customers to invest in funds managed by BlackRock.

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The year's 10 largest fintech SPAC mergers announced through June

American Banker

The top three fintech SPAC mergers have a combined announced deal value of more than $2.6 billion as of the end of June 2023.

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Icon Solutions launches FedNow scheme in the US

The Paypers

UK-based Icon Solutions has launched a FedNow scheme pack for its Icon Payments Framework (IPF) in the US.

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Outsource With Confidence for RDC Program Success

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.

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Wall Street bosses want anonymity to talk China with Congress

American Banker

U.S. lawmakers scrutinizing China said Wall Street executives asked to have their identities withheld when meeting with them so as not to alienate their Chinese investors.

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Cleafy raises EUR 10 mln to reduce online banking fraud

The Paypers

Fraud management solution provider Cleafy has raised EUR 10 million in United Ventures funding.

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Franklin Templeton joins race to offer U.S. spot bitcoin ETF

American Banker

Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first U.S. exchange-traded fund that invests directly in bitcoin.

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Wintranx partners with Rongbao Payment

The Paypers

Wintranx and Rongbao Payment have partnered aiming to optimise risk control solutions for Visa and Mastercard payments.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.