Mon.May 13, 2024

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How digital wallets are reshaping the payments landscape

Payments Dive

Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

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Are 25-year UK mortgages a thing of the past?

TheGuardian

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economy For a long time the traditional length of a UK mortgage has been 25 years, but runaway house prices and, more recently, dramatically higher borrowing costs are prompting more and more people to “go long” on their home loans. On Monday, the former pensions minister Steve Webb revealed that younger homebuyers were increasingly being forced to gamble with their retirement prospe

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CFPB will keep defending late fee cap

Payments Dive

The 5th Circuit Court of Appeals blocked the Consumer Financial Protection Bureau’s $8 late fee cap on Friday, but the federal agency said it will continue to “defend” the rule.

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Beyond Banks: Exploring Alternative Commercial Lenders

Commercial Lending USA

Explore Alternative Commercial Lenders with Commercial Lending USA. Fast approvals, flexible options, expert guidance. Contact us now!

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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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Toast CFO weighs in on Visa-Mastercard settlement

Payments Dive

The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.

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More Trending

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How U.S. Bank Card as a Service (CaaS) can solve B2B payment bottlenecks

Payments Dive

With CaaS, you can reimagine the payment process, offer new payment services and improve the customer or employee experience.

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FIs look to tech providers for RTP, FedNow onboarding

BankInovation

Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s FedNow payments rail as financial institutions add payment services to their platforms. The RTP network has more than 500 institutions on its network, according to The Clearing House’s website.

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Temenos launches Responsible Generative AI solutions

The Paypers

Switzerland-based Temenos has announced the launch of its Responsible Generative AI solutions as part of its artificial intelligence infused banking platform.

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What investors can takeaway from Q1 bank earnings reports

American Banker

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

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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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Money Carer, Tag Systems, Fingerprints launch biometric carer card

The Paypers

Money Carer , in collaboration with Tag Systems and Fingerprints , have introduced biometric-enabled 'carer cards' to improve financial access for vulnerable people in the UK.

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Judge blocks credit card late fee rule from taking effect

American Banker

A federal judge has granted a preliminary injunction against the Consumer Financial Protection Bureau's credit card late fee rule, pausing it from being implemented days before it was meant to go live.

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Kima and FinSec Innovation Lab join forces

The Paypers

Kima has partnered with FinSec Innovation Lab receiving a grant from the IIA to fund an initiative to connect decentralised finance (DeFi) applications with fiat systems.

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Why don't credit unions disclose their branch deposit data like banks?

American Banker

Branch office deposit data is among the most confidential information at a bank, especially those with many branches. Why have regulators made this sensitive competitive data public for banks and thrifts annually for over 50 years but not for credit unions?

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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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Banque Internationale à Luxembourg goes live with Temenos

The Paypers

Banque Internationale à Luxembourg (BIL) has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate, and private banking.

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Rep. Barr presses FDIC on stricter governance guidelines

American Banker

Rep. Andy Barr, R-Ky., is asking the Federal Deposit Insurance Corp. to withdraw a corporate governance guidance proposal as FDIC chair Martin Gruenberg is set to testify in Congress later this week.

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Noda launches end-user KYC solutions for online merchants

The Paypers

UK-based Open Banking payment provider Noda has launched a selection of end-user KYC solutions for online merchants.

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Rising rates push a Pennsylvania bank out of equipment finance

American Banker

Quaint Oak Bancorp sold its majority stake in an equipment lender less than two years after the partnership helped drive record profits at the Southampton-based company.

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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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Fintech Farm raises USD 32 mln for Indian operations expansion

The Paypers

UK-based Fintech Farm , a startup that provides technology to medium-sized banks in developing markets to build digital tools, has raised USD 32 million in Series B funding.

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Autonomy, unlimited vacation make Union Credit Best Fintech to Work for

American Banker

The fintech topped American Banker's annual list this year. CEO Dave Buerger attributed the company's hands-off management style as one reason that draws in and keeps workers around.

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Banks explore climate risk resilience in Federal Reserve pilot study

The Paypers

The Federal Reserve Board has released a summary of an exploratory pilot Climate Scenario Analysis (CSA) exercise conducted with six major US banks.

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FIS says it is once again putting banks first

American Banker

The core provider's new CEO, Stephanie Ferris, vowed to refocus on banks as FIS reboots after selling off WorldPay.

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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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BaaS market to increase to USD 64.7 billion by 2032

The Paypers

Global Market Insights ’ report has uncovered that the Banking-as-a-Service (BaaS) market is expected to reach a revenue collection of USD 64.7 billion by 2032.

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Marketers Must Shift Focus and Tactics to Fight Waning Consumer Loyalty

The Financial Brand

This article Marketers Must Shift Focus and Tactics to Fight Waning Consumer Loyalty appeared first on The Financial Brand. The primacy of product and offers, particularly among younger customers, prioritizes channel and messaging over brand. This article Marketers Must Shift Focus and Tactics to Fight Waning Consumer Loyalty appeared first on The Financial Brand.

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American Express expands partnership with Worldpay

The Paypers

US-based integrated payments company American Express has announced the expansion of its collaboration with Worldpay to provide additional payment capabilities for small businesses.

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AI is Set to Shake Up Banks’ Employee Ranks – But Maybe Not How You Think

The Financial Brand

This article AI is Set to Shake Up Banks’ Employee Ranks – But Maybe Not How You Think appeared first on The Financial Brand. AI is changing banking. But even amid the hype, what the technology means for employees remains to be seen. This article AI is Set to Shake Up Banks’ Employee Ranks – But Maybe Not How You Think appeared first on The Financial Brand.

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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.