Mon.Jul 08, 2024

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Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It.

The Financial Brand

This article Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It. appeared first on The Financial Brand. Alliant Credit Union CEO Dennis Devine on how a branchless model can allow for better rates, fewer fees and rapid growth. This article Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It. appeared first on The Financial Brand.

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Congress members egg on US payments system expansion

Payments Dive

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

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Podcast: ConnectOne Bank invests in data training

BankInovation

ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.

Training 124
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CFPB keeps scrutiny on medical cards

Payments Dive

The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

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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.

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Bank Automation Summit Europe 2024 Announces Strategic Partnership with DIGITALEUROPE

BankInovation

Bank Automation Summit Europe 2024 is delighted to announce a strategic partnership with DIGITALEUROPE, the leading trade association representing digitally transforming industries in Europe. This partnership aims to amplify the impact of both organizations in driving innovation and excellence in European banking and digital sectors. Bank Automation Summit Europe 2024, scheduled for Oct.

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Winning Business Banking Relationships in Age of Fintechs | (FY 2025)

Jack Henry

When it comes to serving business banking accountholders, community banks and credit unions have good reason to celebrate: Businesses identifying a community bank or credit union as their primary financial institution are far more satisfied than those using a larger bank, according to a recent Javelin study.

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Ally launches AI innovation challenge

BankInovation

Ally Financial will launch a generative AI innovation challenge for startups on July 9, focusing on developing tech solutions for its customers and staff.

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Navigating Section 1071 Compliance | FinTalk

Jack Henry

The implementation of Section 1071 of the Dodd Frank Act brings a significant shift in reporting requirements for small business lending. It’s crucial to understand upcoming compliance dates and how technology can aid your financial institution in fulfilling these new obligations for data collection and reporting.

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Bidenflation? Trumpflation? No. The real problem is Covidflation.

American Banker

The most important issue on voters' minds is inflation, and the inflation blame game has heated up with the upcoming presidential election. Putting politics aside, an objective economist would blame neither candidate, since the underlying cause of our inflation, like so many other problems today, was COVID-19.

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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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The Ultimate Guide to Commercial Loan Referral Programs

Commercial Lending USA

Use the power of commercial loan referral programs to your advantage! With Commercial Lending USA's program, you can make money and help businesses grow.

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How Capital One is using Stripe, Adyen data to fight fraud

American Banker

The bank is working with Adyen and Stripe to improve the transaction information that feeds AI-powered payments crime fighting. Can it convince other firms to join?

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Collectible collateral

ABA Community Banking

Classic cars provide bankers with an attractive niche for parking loans. The post Collectible collateral appeared first on ABA Banking Journal.

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Is generative AI the answer to core modernization?

American Banker

Consultants at McKinsey and Accenture are offering to use gen AI to understand legacy software and write new code. Experts say this idea has merit, up to a point.

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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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Global online banking market to reach USD 44.89 billion by 2033

The Paypers

Spherical Insights and Consulting has revealed in its research that the global online banking market is projected to reach USD 44.89 billion by 2033 from USD 12.87 billion in 2023.

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American Banker news quiz: July 8

American Banker

In this edition of American Banker's news quiz, see if you know the latest updates on JPMorgan Chase's fraud prevention methods, Supreme Court rulings on swipe fees, the woes of former Silvergate Bank executives and more.

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ITC, Visa join forces with QFTH

The Paypers

The International Trade Centre (ITC), through its SheTrades Initiative, together with Visa , has expanded its collaboration with Qatar Development Bank ’s Qatar Fintech Hub.

Fintech 41
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TD Bank, facing AML scrutiny replaces its chief compliance officer

American Banker

The Canadian bank has appointed Erin Morrow, who had served as deputy chief compliance officer for about six months, to replace Monica Kowal, who parted with TD July 2. The announcement comes as TD faces questions by U.S. and Canadian regulators about its anti-money-laundering compliance.

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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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Nordea charged by NSK for breaching AML regulations

The Paypers

European financial services group Nordea has been charged by Denmark’s Special Crime Unit (NSK) for breaching the country’s Anti-Money Laundering (AML) act between 2012 and 2015.

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Treasury may expand its oversight of land deals near military sites

American Banker

The agency has proposed a rule that would give it and the Committee on Foreign Investment in the United States broader authority over real estate transactions near military installations in 30 states.

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Advapay joins the NayaOne Tech Marketplace

The Paypers

Advapay has announced that it will join the NayaOne Tech Marketplace in order to contribute to the latter’s bank-fintech partnership mission and support development.

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How Five Star Bank aims to fill gap left by San Francisco failures

American Banker

The Sacramento-area institution moved quickly and decisively to fill the gap created by the loss of First Republic and Silicon Valley Bank. A first-quarter rise in Bay Area deposits is a sign of bigger gains to come, San Francisco Bay Area President DJ Kurtze says.

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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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iDenfy protects SIMPal's eSIM platform with fraud prevention

The Paypers

Lithuania-based regtech iDenfy has partnered with telecommunication service provider UAE-based SIMPal to secure its eSIM card platform against fraud.

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Chevron reversal could factor into Custodia appeal

American Banker

The lead lawyer on the case that overturned the decades old doctrine penned an amicus brief arguing that the lower court ruling raises constitutional questions about the Federal Reserve.

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Network International partners with Policy Bazaar

The Paypers

Network International has announced its partnership with Policy Bazaar in order to enable merchants and traders to access affordable insurance easily and securely.

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Remote Employees May Be Less Productive — But is Surveillance Software the Solution?

The Financial Brand

This article Remote Employees May Be Less Productive — But is Surveillance Software the Solution? appeared first on The Financial Brand. Remote work is an important benefit for many marketing teams, but productivity is a concern for many bosses. This article Remote Employees May Be Less Productive — But is Surveillance Software the Solution? appeared first on The Financial Brand.

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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