Mon.Oct 07, 2024

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Consumers Eye the Impact of Possible Election Turmoil on their Money

The Financial Brand

This article Consumers Eye the Impact of Possible Election Turmoil on their Money appeared first on The Financial Brand. Many consumers believe any result of the presidential election will have an outsize impact on their finances. Some are ready to take pre-emptive steps now. This article Consumers Eye the Impact of Possible Election Turmoil on their Money appeared first on The Financial Brand.

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Fiserv teams with Canadian company on open banking

Payments Dive

Fiserv has allowed ZÅ«m Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

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FDIC Digital Sign Requirement Deadline Fast Approaching – Part 2 of 2

Perficient

Introduction A quick summary of the new official digital sign requirement of the FDIC is that effective January 1, 2025, this logo: must be replaced by this logo: For readers who missed part 1 of this series or want to reread the original blog can find it here. However, the new lengthy regulation raised many questions by the industry, and Perficient’s Financial Services Risk and Regulatory consultants have been researching answers and questioning regulators to provide in order to provide o

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Real-time payments to make uneven progress, report predicts

Payments Dive

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

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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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How Upsell and Cross-sell Impact ROE

South State Correspondent

We recently worked with a community bank in the Southeast that wanted to win a piece of credit business for a manufacturing company. The manufacturing company had a long-time relationship with a national bank and the community bank lender was struggling to make inroads with the company’s CEO and owner. The CEO finally agreed to let the community bank make a pitch on $900m acquisition financing facility.

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ABA recognizes six banks with national bank marketing awards

ABA Community Banking

ABA announced six banks are the recipients of the 2024 Brand Slam Awards, which honor exceptional bank marketing strategies. The post ABA recognizes six banks with national bank marketing awards appeared first on ABA Banking Journal.

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Day 1: Welcome, One and All, to Jack Henryâ„¢ Connect!

Jack Henry

Welcome to Phoenix, and welcome to Jack Henry Connect 2024! We’ve officially kicked off what promises to be a week filled with innovation, inspiration, and some serious fun. This year’s event is all about embracing humanity in the age of technology — and you can feel that focus from the very first session.

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How Zelle fraud compares to other payment apps

American Banker

Depending on the data, Zelle can be seen either as a leading target for fraudsters and scammers, or better than average at stopping these criminals.

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Google partners with Muthoot Finance to boost its credit play

The Paypers

Google has partnered with Muthoot Finance in order to expand its reach in the Indian market and boost its credit play for customers in the region.

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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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Massachusetts mutuals to merge, create $3.5 billion bank

American Banker

River Run Bancorp near Boston said it would acquire Rollstone Bank and Trust, adding to a string of industry combinations as M&A activity gathers momentum in the second half of 2024.

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Meta teams up with UK banks to mitigate scams

The Paypers

US-based multinational technology corporation Meta has expanded its information-sharing partnership with banks across the UK to safeguard individuals against fraud and scams.

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How banks can respond to pressure as payment fraud spikes

American Banker

As regulators and Congress push for stronger consumer protections as losses mount, payment experts say there are steps companies should be making now to respond.

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American Express Middle East partners with Telr

The Paypers

American Express Middle East has announced its partnership with Telr in order to expand its acceptance on the latter’s merchant network in the MENA region.

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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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Banks brace for next hurricane amid emotional Helene relief work

American Banker

Financial institutions are on the front lines of relief efforts in Tennessee and North Carolina, while in Florida, Hurricane Milton threatens to deal a second blow.

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Global banks set to use Swift for testing live transactions in 2025

The Paypers

Central and commercial banks have revealed that they will be able to use the Swift network for trial transactions related to digital currencies and assets.

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Truist customers affected by February data breach of third party

American Banker

A debt collection agency that provided services to Truist suffered a data breach in February affecting 4.2 million people. Truist now says some of those were its customers.

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Visa unveils platform for banks to issue stablecoins and tokens

The Paypers

Visa has decided to launch a new platform for banks to issue fiat-backed tokens, including stablecoins and tokenized deposits.

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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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JPMorgan client who lost $50 million amid dementia denied trial

American Banker

The case is one of the latest to question if firms can be held liable for costly investment decisions made by clients showing signs of mental decline.

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BKN301 launches payment solution for MENA fintechs

The Paypers

BKN301 , a UK-based provider of digital payments and BaaS solutions, has announced the launch of its newest product, the 301 Retail Account.

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Cross-border payments don't need to be so complicated and expensive

American Banker

Around the world, low-income communities are routinely cut off from modern payment infrastructures, causing serious economic harm. We must work toward a future in which they are included.

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Zepz raises USD 267 million to expand in African markets

The Paypers

Zepz , formerly known as WorldRemit, has secured USD 267 million from both new and existing investors to support its expansion in some African markets.

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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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Future of Homeownership and Mortgage Lending Hangs on a Balance Between Innovation and Safety

The Financial Brand

This article Future of Homeownership and Mortgage Lending Hangs on a Balance Between Innovation and Safety appeared first on The Financial Brand. Key decisions about home finance are overdue. Traditional mortgage lenders are losing share to fintechs with better tools. This article Future of Homeownership and Mortgage Lending Hangs on a Balance Between Innovation and Safety appeared first on The Financial Brand.

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UK banks to impose four-day hold on suspicious transactions

The Paypers

Banks across the UK have been granted the ability to delay payments for up to four days, allowing them to have more time to investigate fraudulent transactions.

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Coinbase to delist certain stablecoins in the EEA

The Paypers

Cryptocurrency exchange Coinbase has announced its plans to delist some stablecoins in the European Economic Area.

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PayPal executes transaction with PYUSD stablecoin for B2B payments

The Paypers

PayPal has completed its first commercial transaction using its proprietary US dollar-pegged stablecoin, PYUSD, according to theblock.co citing a Bloomberg report.

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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.