Tue.Jun 18, 2024

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APIs Are the Building Blocks of Bank Innovation. But They Have a Risky Dark Side

The Financial Brand

This article APIs Are the Building Blocks of Bank Innovation. But They Have a Risky Dark Side appeared first on The Financial Brand. APIs increasingly drive banks' digital progress, but fraud and security risks are also accumulating rapidly. This article APIs Are the Building Blocks of Bank Innovation. But They Have a Risky Dark Side appeared first on The Financial Brand.

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Solving the puzzle: How interoperability eases banks’ core modernization dilemma

Accenture

If it wasn’t already apparent, the sudden emergence of generative AI has certainly confirmed it: the ability to quickly respond to new challenges and opportunities is a critical attribute of any successful organization, including banks. The agility that allows an organization to respond effectively is influenced by several factors, such as skills, culture and corporate… The post Solving the puzzle: How interoperability eases banks’ core modernization dilemma appeared first on Accentu

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Overcoming Interest Rate Challenges in Banking

South State Correspondent

Deposit costs and liquidity remain a challenge for some community banks as competition for core funding remains intense. The graph below compares the liquidity ratio for community banks (under $10B in assets) and banks over $100B in assets. The average difference in liquidity is stark, but for many community banks the issue is translating to higher rates on deposits, margin squeeze, and lower profitability.

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Affirm CFO doesn’t expect profits from its Apple tie soon

Payments Dive

The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

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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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Appraisers Succeed or Fail Together

Realwired Appraisal Management Blog

My wife and I plus some friends recently sailed in a 500 mile race on our 36 foot catamaran to Mexico from Florida. This trip isn’t for the faint of heart. Pre-race weather report 25 knot winds gusting to 30 knots, 9 to 11 foot seas two days out on the Mexican side.

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HSBC’s Swiss private banking arm breached money-laundering rules, regulator finds

TheGuardian

Finma watchdog says bank failed to carry out adequate checks of two high-risk business relationships HSBC’s Swiss private banking arm breached money-laundering rules by failing to carry out adequate checks on the high-risk accounts of two politically exposed individuals, Switzerland’s banking regulator has found. HSBC Private Bank (Suisse) has been banned from taking on any new high-risk customers until it has completed a full review of its business relationships, Switzerland’s Financial Market

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Banks are setting SMBs up for success with new tech

BankInovation

Managing cash flow, tapping into data-driven insights and accessing capital: Small businesses are looking to their bank partners to provide digital solutions to streamline access to data, insights and cash. This has been “the No. 1 issue that small businesses have faced,” Matt Baker, board adviser at Uplinq, told Bank Automation News.

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The downfall of Gemini Trust's crypto lending program

American Banker

As part of a deal with New York Attorney General Letitia James, the cryptocurrency exchange agreed to return more than $50 million in digital assets to investors involved in the now-defunct Gemini Earn program.

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Nearly half of Americans open to AI in banking

BankInovation

As the financial services industry is integrating AI in its offerings, consumers are becoming more accepting of the technology in day-to-day banking. “AI has been around in financial services and banking for 20 years,” Scott Hofmann, chief revenue officer at GFT Americas, told Bank Automation News.

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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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The Supreme Court may soon defang bank regulators — especially the CFPB

American Banker

The high court will determine how much deference judges should give to regulators in interpreting laws passed by Congress. The upcoming ruling has especially big implications for the Consumer Financial Protection Bureau, which has drawn the banking industry's ire.

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nCino launches GenAI solution Banking Advisor

The Paypers

US-based cloud banking company nCino has rolled out its GenAI-powered conversational tool Banking Advisor to augment decision making and efficiency for bankers.

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We need to rely on facts when we measure banks' climate risk

American Banker

The best way for banks to alleviate the effects of extreme weather events is to continue to do what they do best — lend.

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Apple shuts down Pay Later feature

The Paypers

US-based multinational corporation and technology company Apple has announced that its Buy Now, Pay Later (BNPL) feature, Apple Pay Later, is no longer available for customers.

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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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FDIC, OCC find stakeholders hard to please with merger review guidelines

American Banker

The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued proposals to update their bank merger review guidelines, but public comments reflect radically different attitudes from stakeholders about how high the bar to mergers should be.

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Revolut Singapore raises spending limits and launches new currency pocket

The Paypers

Revolut Singapore has announced that it has raised the holding and spending limits on its digital wallet and has launched a new currency pocket.

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Lessons learned from Apple Pay Later for BNPL lenders and banks

American Banker

The rocky journey and abrupt end of the technology company's fledgling buy now/pay later service underscores ongoing challenges facing fintechs that offer point-of-sale installment loans, and how banks may benefit from the changing BNPL ecosystem.

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Bybit Card launches Apple Pay to its customers

The Paypers

UAE-based Bybit Card from Bybit , a cryptocurrency exchange, has announced the integration of Apple Pay for purchasing cryptocurrency.

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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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First Interstate Bank's acquisitive CEO to step down

American Banker

During nine years Kevin Riley led the Billings, Montana-based institution, it quadrupled its size, largely through deals. New leadership could mean that the company focuses less on M&A and more on integration.

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BBVA to start a digital bank in Germany

The Paypers

Banco Bilbao Vizcaya Argentaria has announced the plan to start the development of its digital bank for its customers and users in the region of Germany.

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TD Bank targets technology firms of all sizes with new division

American Banker

The Canadian institution will offer cross-border banking services, financing, wealth management and more with its new TD Innovation Partners platform.

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Glia partners with NCR Voyix

The Paypers

Customer interaction technology firm Glia has announced its partnership with NCR Voyix to integrate its capabilities into the latter’s digital banking platform.

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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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Why ACH Data is the Key to Unlocking Customer Trust

The Financial Brand

This article Why ACH Data is the Key to Unlocking Customer Trust appeared first on The Financial Brand. Now is an especially good moment for bank marketers to take a fresh look at ACH data, especially considering Google's retreat from third-party cookies. This article Why ACH Data is the Key to Unlocking Customer Trust appeared first on The Financial Brand.

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GoCardless partners with FSB

The Paypers

GoCardless has announced its partnership with the Federation of Small Businesses in order to optimise the way members tackle late payments.

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The CFPB is constitutional, and its opponents need to move on

American Banker

The Consumer Financial Protection Bureau has been opposed by the financial services industry to a greater or lesser degree since its inception, and its constitutional legitimacy has now been deeply litigated. The bureau could still be dismantled — just not by the courts.

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DeFi startup Qiro Finance secures USD 1.2 mln funding

The Paypers

Singapore-based DeFi startup Qiro Finance has received USD 1.2 million in pre-seed funding for its product development, workforce scaling, and ecosystem expansion.

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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.