Gonzobanker

JANUARY 18, 2024

Having complained in a recent post on LinkedIn that a lot of the predictions I see are nonsense, you may think I’m crazy for posting my own set of predictions for 2024. You’re probably right. That said, here are my banking and fintech predictions for 2024: 1. A big(ger) bank will acquire a BaaS bank. A sneak peek into Cornerstone Advisors’ forthcoming What’s Going On In Banking study shows that the percentage of banks looking to get into the banking as a service (BaaS) space is down from previou

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Payments Dive

JANUARY 18, 2024

The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.

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BankUnderground

JANUARY 18, 2024

Ed Hill Once the stuff of science fiction, quantum technologies are advancing fast. Individual quantum computers are finding a range of applications, primarily driven by the immense speed-ups they offer over normal computers. And soon the nascent quantum internet should connect those isolated computers together. This blog post starts to think about what this new interconnected quantum world means for the financial system.

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Payments Dive

JANUARY 18, 2024

Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.

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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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TheGuardian

JANUARY 18, 2024

Lenders forecast biggest quarterly increase in missed repayments on credit cards and loans since 2009 Business live – latest updates Britain’s biggest high street lenders expect the sharpest rise in defaults on unsecured lending since 2009, according to a Bank of England survey , as households come under growing pressure amid the cost of living crisis.

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BankInovation

JANUARY 18, 2024

Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation. Costs associated with the restructuring are expected to reach $225 million, or more than 30% of the bank’s savings goal of $750 million for the year, Chief Financial Officer Mike Maguire said today during Truist’s fourth-quarter 2023 earnings call.

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Payments Dive

JANUARY 18, 2024

“Epic will contest Apple's bad-faith compliance plan in District Court,” Epic Games CEO Tim Sweeney said in a Tuesday post on X, formerly Twitter.

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BankInovation

JANUARY 18, 2024

KeyBank prioritized its investment in technology during the fourth quarter as it looks to build the bank’s franchise to ensure competitiveness. “Our first investments are always going to be good clients and our people.

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American Banker

JANUARY 18, 2024

Despite a surge in quarterly expenses in the fourth quarter and a projected uptick in the first quarter, the North Carolina company is standing by its expense guidance for 2024.

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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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BankInovation

JANUARY 18, 2024

Discover Financial Services invested in its integrated digital banking model, risk management, analytics and compliance initiatives in 2023 and expects to continue those efforts this year.

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American Banker

JANUARY 18, 2024

Opponents of the proposed capital rule offer many arguments as to why it will be a disaster. The trouble is, they're all wrong.

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Bussman Advisory

JANUARY 18, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space: Vodafone strikes $1.5 billion cloud and GenAI deal with Microsoft Generative AI dominates Davos discussions as companies focus on accuracy JPMorgan faces rising number of hacking attempts Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest tr

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Fintech Community Course Trends 52

ABA Community Banking

JANUARY 18, 2024

The Federal Reserve announced the members of the Community Depository Institutions Advisory Council for 2024, including the new council president and vice president. The post 2024 Community Depository Institutions Advisory Council Members announced appeared first on ABA Banking Journal.

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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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TheGuardian

JANUARY 18, 2024

Company exploring options as it plans to shift focus back to food and retail, rather than services Sainsbury’s Bank has opened the door to fresh takeover offers, after the supermarket group announced it would exit the banking business nearly 27 years after its launch. The company is exploring a number of options for its bank – which offers savings accounts, credit cards, travel money and insurance – after a strategic review suggested it could be a distraction from a years-long overhaul, meant to

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American Banker

JANUARY 18, 2024

Fourth-quarter net income at the Buffalo, New York, bank fell 37% because of higher funding costs and a special deposit insurance assessment. But lower interest rates and a stronger economy are expected to strengthen profits this year and into 2025, its CFO says.

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The Paypers

JANUARY 18, 2024

The European Union has reached a provisional deal to improve how national authorities collaborate to combat money laundering.

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American Banker

JANUARY 18, 2024

Industry Bancshares' bond portfolio is massively underwater, and one of its regulators says the company is in "troubled condition." But Industry says it was already working on fixes prior to the OCC's intervention, which it calls an "unfortunate example of regulatory overreach.

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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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The Paypers

JANUARY 18, 2024

US-based Synchrony has tested a browser extension that prompts users at checkout to use a Synchrony credit card and provides a virtual one for that purchase.

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American Banker

JANUARY 18, 2024

A group of Democratic lawmakers wrote to federal regulators Thursday asking them to consider potential chilling effects on clean energy financing due to the Basel III endgame proposal.

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The Paypers

JANUARY 18, 2024

US-based payment processor Clearent by Xplor has launched its new mobile payment solution, Xplor Pay Mobile, allowing merchants to accept transactions worldwide.

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American Banker

JANUARY 18, 2024

By overturning so-called "Chevron deference," the Supreme Court could compel lawmakers to be less ambiguous in their legislative language, limiting agencies' interpretative power.

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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

JANUARY 18, 2024

Ecommerce inventory and order management software Linnworks has partnered with Lightspeed Commerce in order to provide customers with a global ePOS integration.

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American Banker

JANUARY 18, 2024

The retail giants are testing the limits of what customers will allow a generative AI system to do before making a payment.

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The Paypers

JANUARY 18, 2024

Apple has initiated the opening of its US App Store to enable external payment options after the Supreme Court’s response to its appeal for an antitrust suit.

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American Banker

JANUARY 18, 2024

The acting comptroller of the currency said regulators should give "serious consideration" to enacting a rule requiring banks to have enough assets pledged to the Federal Reserve's discount window to cover "ultra short term, acute outflows.

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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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