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.

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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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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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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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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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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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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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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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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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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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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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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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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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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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Ethos joins forces with Thought Machine

The Paypers

UK-based financial services company Ethos has entered a collaboration with Thought Machine to introduce a Shariah-compliant digital service.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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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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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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Fintel acquires Threesixty for GBP 14.6 million

The Paypers

Fintel , the parent company of SimplyBiz, has finalised the acquisition of Threesixty from Abrdn for GBP 14.6 million in cash.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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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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EBA expands Travel Rule to tackle money laundering

The Paypers

The European Banking Authority (EBA) has expanded its Travel Rule guidelines to include cryptocurrency service providers and intermediaries.

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The Four Virtues of Digital Stoicism: A Blueprint for Exponential Growth

Digital Growth Institute

Explore the four virtues of Digital Stoicism—wisdom, temperance, courage, and justice—and how they can guide you to exponential growth in the digital age. Learn daily practices to harness technology ethically and effectively.

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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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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.