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 Zūm 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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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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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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Day 1: Welcome, One and All, to Jack Henry™ 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Experian acquires ClearSale in a USD 350 million deal

The Paypers

Experian , a company specialising in consumer and business credit reporting, has proceeded with the acquisition of ClearSale in a USD 350 million deal that plans to scale its footprint in Brazil.

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Germany plans to introduce European digital identity wallet

The Paypers

The German Government has announced its plans to develop a digital wallet in which the region’s citizens can store their national identity cards and other official documents.

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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.