Gonzobanker
SEPTEMBER 5, 2024
A few key focus areas can help lenders stay on top of the home equity game. With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut.
Payments Dive
SEPTEMBER 5, 2024
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
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BankInovation
SEPTEMBER 5, 2024
Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions are quite bullish when it comes to AI,” Allison Cerra, chief marketing officer at fintech Alkami, told Bank Automation News. “They’re looking at this as kind of a broader catch-all of business opportunities, not necessarily […] The post 78% of regional FIs say AI can help find new business appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 5, 2024
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
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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.
BankInovation
SEPTEMBER 5, 2024
Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its US business. “The big lesson is you can’t take anything for granted,” Masrani said Wednesday at a financial-industry conference hosted by Bank […] The post TD chief says probes show need for better staff accountability appeared first on Bank Automation News.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankBazaar
SEPTEMBER 5, 2024
The post 5 Ways You Can Be Your Credit Score’s Secret Santa appeared first on BankBazaar - The Definitive Word on Personal Finance.
BankInovation
SEPTEMBER 5, 2024
American Express’ credit and fraud models completely use machine learning and AI. “In fact, the first time American Express used machine learning in the company was back in 2010 in our fraud models,” Anna Mars, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the […] The post 100% of Amex fraud models tap AI, ML appeared first on Bank Automation News.
ATM Marketplace
SEPTEMBER 5, 2024
In this webinar, security experts reflect on the current ATM attack landscape, its evolution and trends, and best practices in ATM security. Learn how to build a comprehensive defense strategy using the seven shields of ATM security, ensuring protection from all sides.
American Banker
SEPTEMBER 5, 2024
Since launching in summer 2023, the government-backed instant settlement network has attracted hundreds of financial institutions, but there is still room for growth.
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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
The Paypers
SEPTEMBER 5, 2024
Multinational payment card services corporation Visa has announced its plans to apply its infrastructure, technology, and features to A2A payments and provide consumers with more control and safety.
American Banker
SEPTEMBER 5, 2024
The top five banks in this list closed a net total of 148 branches in this time period — and 492 branches in the past 12 months.
The Paypers
SEPTEMBER 5, 2024
Trace Finance , a fintech company specialising in payment facilitation and cross-border financial solutions, has launched Non-Resident Accounts (NRA) in Brazil.
American Banker
SEPTEMBER 5, 2024
First Electronic Bank is using technology from Spring Labs to analyze its fintech partners' customer communications and identify problems.
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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.
BankUnderground
SEPTEMBER 5, 2024
Aydan Dogan, Melih Firat and Aditya Soenarjo How does the use of imported inputs in production affect inflation dynamics in the UK? Over the past few decades, with the rise of global value chains (GVCs), production processes have become increasingly interlinked across countries and sectors. This interconnection means that firms’ pricing decisions are now more influenced by foreign factors.
American Banker
SEPTEMBER 5, 2024
The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income consumers, while landlords may be illegally charging fees to pay rent through online portals.
TheGuardian
SEPTEMBER 5, 2024
We would like to hear from people who have been affected by scams, specifically authorised push payment scams The Payment Systems Regulator (PSR) is to slash the planned maximum amount that banks will have to refund to fraud victims – from £415,000 to about £85,000 – in what consumer groups have called ‘outrageous’. Fraud in the UK payments industry has soared in recent years, with a sharp rise in authorised push payment (APP) scams, which often involve email accounts being hacked to trick peopl
American Banker
SEPTEMBER 5, 2024
The inquiry, which is focusing on the nation's four largest airlines, aims to protect consumers from potentially unfair, deceptive and anticompetitive practices.
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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.
The Paypers
SEPTEMBER 5, 2024
Enfuce , a company specialising in issuer processing, has partnered with Saldo Bank to introduce the bank’s first payment card programme.
American Banker
SEPTEMBER 5, 2024
Between TD Bank's $3 billion anti-money-laundering hurdle and BMO Financial Group's increased provisions for loan losses, here are the earnings highlights for non-U.S. banks.
The Paypers
SEPTEMBER 5, 2024
Italy-based payment provider Satispay has entered into a strategic partnership with Stripe to mitigate difficulties in online digital shopping for merchants and consumers in the region.
American Banker
SEPTEMBER 5, 2024
The American Bankers Association says a proposal to replace its own financial security identifier with one owned by Bloomberg exceeds the agencies' statutory authority and could disrupt financial markets.
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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.
The Paypers
SEPTEMBER 5, 2024
Sweden-based fintech companies Froda and Juni have teamed up to scale Embedded Finance solutions, with the latter integrating Froda’s technical platform and leveraging its capital pool.
American Banker
SEPTEMBER 5, 2024
The deal to buy The First of Long Island Corp. would create a $14 billion-asset bank with $11 billion of both loans and deposits.
The Paypers
SEPTEMBER 5, 2024
Clearview AI , a US-based facial recognition startup, has faced its largest privacy fine in Europe for violating the EU General Data Protection regulations.
American Banker
SEPTEMBER 5, 2024
The central bank has been under pressure to modernize its last-resort lending operation since the failure of three large regional banks last year.
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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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