Tue.Nov 21, 2023

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Credit card demand remains robust, rejections rise: New York Fed

Payments Dive

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

New York 429
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Brian Bell Navigates the Evolving Insurance Space to Provide Maximum Client Value Across Industries

Perficient

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. In the increasingly competitive insurance landscape, organizations must strategically leverage digital transformation, and Brian excels at navigating this evolution to deliver maximum client value across all industries.

Industry 221
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Antitrust pressure may squeeze Google, Apple in-app fees

Payments Dive

“Apple and Google Play app store fees will be significantly lower in the medium future,” Drake Star Partner Michael Metzger predicted.

Google 259
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Are You Making Enough Money? Secret Formula for Financial Success Unveiled!

BankBazaar

If your job satisfaction were a pizza, would it be a delicious p epperoni or a sad, limp slice left on the counter overnight? Your career should be more satisfying than waiting for a pizza delivery on a Friday night, agree? Money – the ultimate puzzle that keeps us up at night. We’ve all wondered whether we are making enough or just collecting colourful paper for a high-stakes Monopoly game.

Cards 143
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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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Will China be a boon or bust for card networks?

Payments Dive

U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

Cards 221

More Trending

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FCC and FTC Announce new AI Calling and Voice Initiatives

CFPB Monitor

On November 16 th , the Federal Communications Commission (“FCC”) and Federal Trade Commission (“FTC”) announced new independent initiatives regarding the use and implications of AI technologies on consumers in the context of telephone and voice communications. These initiatives align with the recent Executive Order on Artificial Intelligence and show federal regulators’ expanding focus on existing and anticipated AI issues.

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Are Your 2024 PR Plans as Shiny as A Red Ryder BB Gun?

William Mills

Are your 2024 PR strategies as polished as a Red Ryder BB Gun? With Christmas and the year-end on the horizon, it's a time for reflection on the past and anticipation for the future. Companies are diligently shaping plans for 2024 across various domains such as product development, investments, technology, and notably, marketing and PR initiatives.

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CFPB issues annual FDCPA report; FTC issues annual letter on debt collection to CFPB

CFPB Monitor

The CFPB has issued its annual Fair Debt Collection Practices Act report covering the CFPB’s debt collection activities in 2022. The report incorporates information from the FTC’s most recent annual letter to the CFPB describing its 2022 activities in the debt collection market. CFPB Report. The CFPB report includes a “spotlight” section on the collection of medical bills. .

Report 78
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How generative AI is entering the conversation in banking

American Banker

Senior banking leaders are very much aware of and interested in generative AI, but while no one wants to get left behind, there's also no great urgency to be the first mover.

Fintech 92
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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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Podcast: Why an FI’s digital maturity matters

BankInovation

Financial institutions must review their digital maturity to remain competitive in a tech-forward market. The first step toward improving digital experiences is ensuring the FI has a solid digital foundation, Robin Smith, chief revenue officer of Praxent, tells Bank Automation News on this episode of “The Buzz” podcast.

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How Ripple is trying to reach new audiences

American Banker

The blockchain company is targeting non-financial clients and new geographic regions in a series of product rollouts.

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BankUnited CTO to speak at Bank Automation Summit U.S. 2024

BankInovation

BankUnited Chief Technology Officer Michael Lehmbeck will join the panel discussion “The AI revolution in banking: A road map for the future” at Bank Automation Summit U.S. 2024 on Monday, March 18, at 1:15 p.m. CT. The summit takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together U.S.

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5 potential catalysts for community bank earnings in 2024

American Banker

Bankers are hopeful that several factors could strengthen profits next year, including higher loan demand and more stable funding costs as the Fed holds the line on — or even lowers — interest rates.

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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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Account takeover losses may exceed $635B in 2023

BankInovation

Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive.

Fraud 72
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Bank, fintech leaders weigh in on the pros and cons of generative AI

American Banker

New iterations of tools powered by advanced artificial intelligence will aid banks in generating new value for customers, but the lack of regulatory guidance in this area hinders deeper adoption of the technology, panelists and attendees at The Clearing House's recent conference.

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Trust Me, I’m an Appraiser

Realwired Appraisal Management Blog

Trusting an appraiser means trusting in the integrity of the real estate market. Trust is the cornerstone of the appraisal profession. How would the stakeholders rate us? Reputation is everything for fee and bank appraisers. Trust is the new currency. Appraisals are a precision product. Impartiality and adherence to professional standards is our special power.

US 59
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OneMain pushes further into auto finance with acquisition

American Banker

OneMain Financial, which mainly offers consumer installment loans, is paying $115 million to buy a small subprime auto lender from the investment bank Jefferies.

Maine 83
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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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Mastercard partners with areeba

The Paypers

Mastercard has entered a strategic partnership with payments processor areeba to modernise payment platforms for fintechs in the Middle East.

Fintech 45
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KeyCorp moves commercial banking head Angela Mago to top HR job

American Banker

Mago, who was fourth on American Banker's Most Powerful Women to Watch list this year, succeeds Brian Fishel, who is retiring.

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Taulia partners with Mastercard

The Paypers

US-based Taulia has partnered with Mastercard in order to launch the Taulia Virtual Cards, a B2B payment solution for additional capital management benefits.

Capital 41
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What fintechs think of the CFPB's proposed data-sharing rule

American Banker

Penny Lee, president and CEO of the Financial Technology Association and Steve Boms, executive director of FDATA NA, explain what their members like about the proposed regulation and what they would change.

Data 64
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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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Napier partners with 3S Money

The Paypers

Financial crime compliance RegTech Napier has partnered with 3S Money in order to provide its AML platform for protecting high-risk cross-border payments.

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Like it or not, big changes are coming for the Federal Home Loan banks

American Banker

The Federal Housing Finance Agency's report on the system at 100 years old signals major shifts in both policy and structure are on the horizon.

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Form3 to assist Klarna's European payments

The Paypers

UK-based cloud payment technology provider Form3 has announced its assistance in Klarna ’s European payment capabilities with SEPA connectivity.

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Binance and CEO plead guilty, agree to pay billions in fines

American Banker

In a settlement with the Department of Justice, Treasury and market regulators, crypto exchange Binance agreed to pay more than $4 billion in fines and for CEO Changpeng Zhao to resign in a sprawling settlement of anti-money laundering and sanctions violations.

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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.