Tue.Apr 23, 2024

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Fiserv rises on international, government sales

Payments Dive

The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.

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Solving the Three-Body Problem in Banking

South State Correspondent

The “Three-Body Problem,” currently made popular by our new favorite author, Cixin Liu, is the concept of instability when three similar-sized celestial objects interact. The problem is currently unsolvable. Banking has a similar physics problem when management juggles strategy, risk/profitability, and customer behavior. This article will discuss the challenge of managing three potentially opposing forces and look towards physics to help us solve the mystery.

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Ramp may target US startups this year: report

Payments Dive

After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

Report 221
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Personal Finance Fails (and How to Fix Them)

BankBazaar

Let’s face it, talking about money isn’t always sunshine and rainbows. We all dream of financial freedom, but the road there can be paved with some pretty epic stumbles. From the infamous “bottomless cocktail brunch” every Sunday that mysteriously drained your savings account to the “surely-I’ll-win-the-lottery” mentality, personal finance fails are a universal experience.

How To 78
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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Klarna expands reach with Uber partnership

Payments Dive

The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

Groups 195

More Trending

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Experience innovation at the Bank Customer Experience Summit

ATM Marketplace

The Bank Customer Experience Summit 2024's first early bird deadline is coming up on May 3rd.

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Goldman ditches robo-investing for masses in sale to Betterment

BankInovation

Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after clinching a deal with Betterment. The bank has struck an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment-advisory firm.

Groups 79
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Climate change, stifled mergers and other challenges facing banks and investors

American Banker

Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.

FDIC 85
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Fiserv deploys AI for productivity

BankInovation

Financial services technology provider Fiserv is deploying AI to drive productivity and sees growth opportunities in the point-of-sale and real-time payments segments.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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Where check fraud is driving businesses to adopt digital payments

American Banker

A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.

Fraud 83
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Movers and Shakers: Ex-Wells leader Ellington new adviser at Uplinq

BankInovation

Uplinq, a credit decisioning support platform for small business lenders, named former Wells Fargo leader Derek Ellington as its strategic adviser.

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Sen. Warren calls for increased safeguards in stablecoin legislation

American Banker

In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.

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du launches du Pay to augment the UAE's cashless economy

The Paypers

UAE-based du has announced the launch of du Pay to boost UAE’s transition toward a cashless economy and support the national digitalisation agenda.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

American Banker

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

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Nium and Artajasa augment cross-border payments in Indonesia

The Paypers

US-based payments provider Nium has partnered with Indonesia-based payment infrastructure company Artajasa to augment cross-border transfers for Indonesians.

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'Credit darling' Webster Financial reports uptick in defaulted loans

American Banker

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

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South Africa Central Bank reveals digital payments roadmap

The Paypers

South Africa’s central bank (SARB) has revealed a roadmap that would improve the country’s adoption of digital payment technologies.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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For Old National, 'business as usual' after CFO charged with felonies

American Banker

Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.

Indiana 63
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Payflows raises EUR 25 million in Series A funding round

The Paypers

France-based SaaS platform for finance teams, Payflows has announced the rise of EUR 25 million in a Series A funding round, aimed at its expansion strategy.

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Zions, Comerica foresee turnaround on loan growth in late 2024

American Banker

The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.

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Yuno expands payment solutions in Asia

The Paypers

Yuno , a payments orchestration platform, has expanded its presence in Asia by launching its payment orchestration solution in Singapore, the Philippines, Thailand, and Hong Kong, among other key markets.

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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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Would 'you-snooze-you-lose' provisions get agencies to finish rules they don't start?

American Banker

Congress passes laws all the time requiring agencies to issue rules on tough problems. But in many cases — and for many reasons — agencies sometimes just don't do it. Taking those responsibilities away and giving them to another agency might keep agencies on track.

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Basware launches AI-enabled solution

The Paypers

Finland-based e-invoicing company Basware has announced the launch of AP Protect, an AI-enabled solution that aims to safeguard businesses from fraud and invoice errors.

Fraud 41
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What Synapse's bankruptcy means for the BaaS model

American Banker

The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.

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Thunes to acquire Tilia

The Paypers

Singapore-based cross-border payments company Thunes has announced its plans to acquire Tilia , an all-in-one payments platform, to accelerate its expansion in the US.

US 41
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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.