Thu.Oct 10, 2024

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Integrating blockchain into the insurance industry: is it a revolution brewing?

BankUnderground

Aly Soliman The insurance industry, sometimes perceived as slow to innovate, might witness a major transformation. Blockchain technology, known for its secure and transparent digital ledger, has the potential to revolutionise traditional insurance operations. This shift could potentially streamline processes, introduce new insurance models and products, and help manage emerging risks better.

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New York Governor signs gun code law

Payments Dive

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

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Jack Henry Connect Conference Day 4 Recap | Jack Henry

Jack Henry

We’ve reached the final day of Jack Henry™ Connect, and what a week it’s been! The energy throughout this conference has been nothing short of electric.

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Five areas to watch as banks report their Q3 earnings

American Banker

With earnings season set to kick off on Friday, investors will be paying close attention for any signs of loan growth and deposit pricing relief, though analysts don't expect improvements to materialize right away.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Stripe partners with NVIDIA to optimise its AI-powered capabilities

The Paypers

Stripe has announced its partnership with NVIDIA in order to optimise its AI-powered capabilities and expand worldwide access to the latter’s AI platform.

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Network International launches new payments services in Kenya

The Paypers

Digital payments provider Network International has announced the launch of a series of in-person payment services in Kenya, aiming to boost commerce in the region.

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TD pleads guilty to money laundering conspiracy, hit with asset cap

American Banker

The sweeping enforcement actions will be a watershed event for TD's U.S. subsidiary, which had previously been a promising growth engine.

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Aeropay partners with Worldpay for gaming payments

The Paypers

Aeropay has announced its partnership with Worldpay in order to optimise gaming payments for operators and players in the region of the US.

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TD Bank settlement shows that asset caps are here to stay

American Banker

The Canadian bank is indefinitely prohibited from growing assets at its two U.S. subsidiaries as the result of a sweeping settlement over money laundering violations. While only the second imposition of such a penalty ever, experts say it will not be the last.

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The 2024 Lenders Guide to Automating the Complex Loan

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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New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

TheGuardian

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units The new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs. Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units mer

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Ooredoo and QIB launch AutoPay payment solution

The Paypers

Telecom provider Ooredoo has entered into a strategic partnership with Qatar Islamic Bank (QIB) to introduce an AutoPay service via the QIB Mobile App.

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Hackers used two Fidelity accounts to steal data from 77,000 customers

American Banker

The investing platform disclosed a data breach this week, offering few details on the impact or how customer accounts could cause such damage.

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HSBC exec warns of AI ‘success theater’ in finance | Apple pivots payment strategy for ecosystem growth | Klarna board moves to oust co-founder’s ally

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post HSBC exec warns of AI ‘success theater’ in finance | Apple pivots payment strategy for ecosystem growth | Klarna board moves to oust co-founder’s ally appeared first on Bussmann Advisory AG.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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ABA to donate $50k to Hurricane Milton relief efforts in Florida

ABA Community Banking

ABA will donate $50,000 to help aid recovery efforts in Florida in the wake of Hurricane Milton. Announcement follows similar donations to relief efforts in North Carolina and Tennessee following Hurricane Helene. The post ABA to donate $50k to Hurricane Milton relief efforts in Florida appeared first on ABA Banking Journal.

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Cogo and Tandem expand carbon tracking integration

The Paypers

Cogo , a green fintech company, has expanded its partnership with Tandem , the UK’s environmentally focused digital bank.

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A cross-generational 'virtual board' can help young businesses succeed

American Banker

The varied perspectives that people of different generations bring to the issues facing a growing business can be a deep and rich source of support for entrepreneurs.

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Vodafone and Sumitomo Corporation partner with Mastercard

The Paypers

Vodafone , together with Sumitomo Corporation ’s Economy of Things business, has partnered with Mastercard to enable operators to further advance the Economy of Things (EoT).

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Biden urges SBA fund replenishment in Hurricane Milton's wake

American Banker

President Joe Biden called on Congress to return to Washington to make sure Small Business Administration loans don't run out after Hurricanes Milton and Helene devastated large swaths of the Southeast.

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7 Key Benefits of SBA Loans for Commercial Property

Commercial Lending USA

Obtain an SBA loan for commercial property with experienced advice from Commercial Lending USA to build your business.

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Mastercard launches real-time card payments in South Africa

The Paypers

Mastercard has announced that South Africa will be the first market globally to benefit from immediate card payments, enabling acquiring banks to process transactions in real-time.

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What Mastercard and Citigroup get from their global payments partnership

American Banker

The giant card network and the global bank are combining their scale to boost real-time cross-border transfers as fintechs target the market.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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Square introduces Orders platform

The Paypers

US-based payments platform Square has announced the launch of its Orders platform, a service that offers expanded commerce features to sellers across verticals in the region.

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Jim Reuter comes out of retirement to helm First Interstate in Montana

American Banker

He will succeed Kevin Riley, who previously announced plans to step down this year. Reuter retired last spring after leading FirstBank Holding in Colorado since 2017.

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OnBuy partners with Google Cloud to scale its marketplace internationally

The Paypers

OnBuy has announced its partnership with Google Cloud in order to optimise the way businesses expand internationally with modern and scalable cloud infrastructure.

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State regulators push back on Treasury call for federal payments rules

American Banker

The Conference of State Bank Supervisors cast doubt on an initiative unveiled by Treasury Under Secretary for Domestic Finance Nellie Liang that would establish a federal regulatory framework for domestic payments, saying that state-level supervision "does not … constitute a regulatory gap.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.