Wed.Aug 30, 2023

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What’s the Deal with Details

Realwired Appraisal Management Blog

Job Manager: “So, can you give me some details about this property? Loan Officer: “Sure, it’s a… building. Maybe brick? Definitely has windows.” I tease but many loan officers see details as an inconvenience. Maybe they’re playing a game, trying to see if the appraiser can guess the rest.

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Visa, Mastercard eye price increases: WSJ

Payments Dive

Card issuing banks and their card network partners are poised to increase fees they charge merchants as soon as October, The Wall Street Journal reported.

Cards 370
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Using Data in Banking – Get This Framework

South State Correspondent

One challenge in banking is that many banks know data is the bank’s future but lack a data framework. As a result, their progress in leveraging data and machine learning is slow. In this article, we explore what a data strategy looks like, how that translates into tactics, and how the “Next Best Action” should be a near-term goal to build towards.

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Elavon, Ingenico team on new payments tool

Payments Dive

U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.

Tools 259
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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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FedNow: Now what?

BankInovation

The Federal Reserve launched its much-awaited FedNow real-time payments channel on July 20, and experts say it can be revolutionary for the payments industry.

More Trending

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BMO, Mastercard bring virtual cards into the physical world

American Banker

The card network is working with the Bank of Montreal and the fintech Extend to enable businesses to approve and track in-store payments via employees' own digital wallets.

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UK savings rates: NS&I launches one-year deal offering record 6.2%

TheGuardian

Government-backed bank throws down gauntlet to high street lenders with new growth bonds The UK government’s savings bank, NS&I, has “thrown down the gauntlet” to high street rivals by launching a one-year fixed-rate savings account paying a table-topping 6.2%. Commentators said NS&I was likely to experience strong demand from savers keen for a decent return, as it means they get to secure a record rate that comes with a 100% Treasury guarantee.

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USAA wins patent agreement with Discover, vows to keep going after banks

American Banker

The card network has agreed to pay USAA licensing fees for the use of mobile deposit capture technology. USAA says it plans to keep trying to get other banks to do the same.

Mobile 83
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GoCardless partners with Commusoft

The Paypers

UK-based bank payment company GoCardless has announced its partnership with Commusoft in order to provide clients with cost-effective payments via Open Banking.

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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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Florida bank finds a new credit union buyer

American Banker

Innovations Financial Credit Union is purchasing First National Bank Northwest Florida, taking the place of Harvesters Credit Union, which terminated its 2022 deal to acquire the bank.

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CommentSold launches Videeo

The Paypers

US-based live video commerce platform CommentSold has launched Videeo for Shopify, an app that improves customer engagement and optimises live selling experiences.

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A mini deposit run in early May preceded the sale of PacWest

American Banker

Following reports that the Los Angeles bank was considering strategic options, its deposits fell by $1.7 billion in two days, according to a securities filing. The disclosures shed new light on PacWest's predicament before its merger agreement with Banc of California.

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Profits in a time of inflation: some insights from recent and past energy shocks in the UK

BankUnderground

Sophie Piton, Ivan Yotzov and Ed Manuel How have profits behaved in this context of sustained level of inflation? In part, the answer depends on how ‘profits’ are defined. Some broad measures suggest increasing profits, but conflate market and non-market sector dynamics and omit important corporate costs. We construct an alternative measure of corporate profits to capture UK firm earnings in excess of all production costs.

Capital 68
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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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Visa to spread the word about credit fintech Uplinq among its banks

American Banker

Uplinq, which helps lenders make credit decisions for small business owners using alternative data, already has large global banks among its clientele.

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BofA launches Global Digital Disbursements in Canada

The Paypers

Bank of America has announced the launch of Global Digital Disbursements in Canada facilitated by the money movement solution of Interac , Interac e-Transfer.

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CFPB's spurious claims about 'junk' fees harm legitimate businesses

American Banker

Many of the fees that the agency derides as unnecessary are funds owed to medical practices, homebuilders and educational institutions.

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Binance launches Send Cash in Latin America

The Paypers

Binance , a blockchain and cryptocurrency infrastructure provider, has launched Send Cash in Latin America, to allow users to transfer crypto through Binance Pay from nine countries in the region.

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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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Mortgage applications increase for first time in over a month

American Banker

Both purchases and refinance volumes climbed higher, as interest rates flattened following earlier volatility, according to the Mortgage Bankers Association.

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Weave introduces Scan to Pay to payment suite

The Paypers

US-based platform for SME healthcare practices Weave has added Scan to Pay to its payment suite, enabling users to scan QR codes to complete transactions.

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Hurricane Idalia endangering over 800,000 homes, CoreLogic finds

American Banker

The storm is slamming housing markets already beset by some of the nation's highest property insurance premiums.

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JP Morgan increases stake in Brazilian bank C6

The Paypers

JP Morgan has announced the increase of its stake in Brazil-based digital bank C6 to 46 percent, without disclosing any of the financial terms and conditions.

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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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Bankman-Fried may call experts at up to $1,200 an hour

American Banker

Money can't buy love or friends, but it can help you find a lot of expert witnesses.

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Orbyt partners with Tink to better invoicing and direct debits

The Paypers

Open Banking platform Tink has announced a partnership with Orbyt to assist the company with bettering its invoicing and direct debit payments.

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The State of Social Media: A Farewell to Twitter

Image Works Direct

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Fed ramps up demands for corrective actions by regional banks

American Banker

The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion, including Citizens Financial Group, Fifth Third Bancorp and M&T Bank, according to people with knowledge of the matter.

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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.