Payments Dive

JUNE 20, 2024

The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.

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Payments 221

South State Correspondent

JUNE 20, 2024

Banks don’t have enough product managers. A bank has a leader for a business line but usually only caretakers for products. A manager may oversee the operation of a product, but few banks have product managers who drive product development and performance. As a result, bank performance suffers. The magical equation is more profitable products to more profitable customers, and one way to positively influence this formula is to make more profitable products.

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Management Training Strategy Compliance 195

Payments Dive

JUNE 20, 2024

About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.

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Gonzobanker

JUNE 20, 2024

Bankers are not meant to be renegades, but now is not the time to shy away from deploying new ideas. Right now, one of the trendiest words in banking is living up to the industry’s stereotype — “boring.” Cue the Patagonia sweater vests and soft jazz music. According to a Businessweek article , the word boring has been used by bank execs and analysts at least a dozen times on banks’ conference calls as of May this year.

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Digital Banking Fintech Innovation Strategy 155

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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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BankInovation

JUNE 20, 2024

Morgan Stanley’s Jeff McMillan, head of firmwide artificial intelligence, is focused on developing and deploying AI throughout the operations of the $212 billion financial institution. The New York-based FI appointed McMillan to the newly created position March 14, he told Bank Automation News.

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New York Analytics Operations Data 123

American Banker

JUNE 20, 2024

"We're in an era of instant gratification, where we're not compared to other financial institutions, but rather to companies like Amazon, Apple, Google and Facebook," says Chief Technology Officer Sandeep Uthra.

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BankInovation

JUNE 20, 2024

NatWest Group Plc has agreed to acquire J Sainsbury Plc’s banking business as the British lender looks to seize more market share in retail banking. Britain’s second-largest grocer agreed to pay NatWest £125 million ($159 million) as part of the transaction, the companies said in a statement on Thursday.

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American Banker

JUNE 20, 2024

The Honolulu bank is raising $165 million through depositary shares, a move that two observers said would help boost its below-average leverage ratio.

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The Paypers

JUNE 20, 2024

Digital payments company WSPN has partnered with DigiFT , an on-chain exchange for real-world assets (RWA), to advance stablecoin adoption and Web3 solutions globally.

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Payments Company 73

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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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American Banker

JUNE 20, 2024

Financial services professionals should be in the business of normalizing discussions about personal finance. The result will be a more financially literate population, and that's good for everyone.

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How To Lending 81

TheGuardian

JUNE 20, 2024

Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm Business live – latest updates NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector. The lender is to take on the bulk of Sainsbury’s Bank assets including its outstanding credit card, unsecured personal loan and savings accounts.

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American Banker

JUNE 20, 2024

Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.

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Industry Capital Fintech Payments 78

The Paypers

JUNE 20, 2024

Global fintech company Unlimit has announced its partnership with Convera in order to simplify tuition payments for students in multiple developing countries.

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Fintech Payments Company 45

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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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American Banker

JUNE 20, 2024

The Federal Housing Finance Agency wants feedback on how the Federal Home Loan banks can improve their affordable housing programs, including efficiencies in the application process.

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Policies Compliance Regulation 69

The Paypers

JUNE 20, 2024

The EBA has published the final MiCAR standards on reporting, liquidity stress testing, and supervisory colleges, augmenting compliance and risk management in the EU.

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Risk Management Compliance Management Report 41

American Banker

JUNE 20, 2024

The FDIC Board Thursday approved stricter resolution plans for larger banks and introduced a new bipartisan procedure to expedite merger application reviews.

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FDIC Compliance Regulation 50

The Paypers

JUNE 20, 2024

US-based global payment infrastructure provider Alternative Payments has announced the launch of DPMaxBrazil, allowing US merchants to have access to PIX in Brazil.

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Payments US 41

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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.

Analysis

American Banker

JUNE 20, 2024

The regulator's education arm compared consumers' reactions to financial information after being told it was generated by AI versus a human.

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Study Regulation Technology 66

The Paypers

JUNE 20, 2024

Treasury Prime , an embedded banking software provider, has announced a strategic partnership with the regulatory advisory firm FS Vector.

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Software 45

American Banker

JUNE 20, 2024

PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025. The banks would continue to operate separately.

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Massachusetts Company Operations Community Bank 36

The Paypers

JUNE 20, 2024

France-based Ramify has raised EUR 11 million in Series A funding round, to accelerate product development and offer optimised wealth management services.

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Management 41

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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.

Lending

American Banker

JUNE 20, 2024

A federal judge granted a preliminary injunction sought by industry groups that sued to block a Colorado law. The law, which would cap interest rates on consumer loans, targets partnerships between fintechs and out-of-state banks.

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Colorado Groups Fintech Industry 34

The Paypers

JUNE 20, 2024

Belgium-based Discai and Harmoney have entered a collaboration to provide an integrated Anti-Money Laundering (AML) solution for financial institutions.

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The Financial Brand

JUNE 20, 2024

This article How Banks Can Get Past the AI Hype and Deliver Real Results appeared first on The Financial Brand. Don't get swept along by GenAI hype. Know what your bank is doing — and why, says a Forrester expert. This article How Banks Can Get Past the AI Hype and Deliver Real Results appeared first on The Financial Brand.

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Branding 38

The Paypers

JUNE 20, 2024

US-based unified global spend platform Brex has announced the launch of additional digital banking products and several updates to its business account.

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Digital Banking US 41

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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.

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