Thu.Jun 13, 2024

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AI Now: Your Guide to Surviving the Rise of Machine Intelligence

William Mills

While technologies come and go, AI is making seismic waves, permeating every corner of the business world. No longer a futuristic concept but a present-day reality, AI is seamlessly integrating into various sectors with remarkable efficacy. As we continue to witness AI reshaping industries and the future itself, it’s important we do a deep dive into its profound implications for society and work.

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Apple adds BNPL offerings from rivals

Payments Dive

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

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Key considerations for North American retail banks amid ongoing uncertainty

Accenture

In May of 2024, the Aurora Borealis, also known as the Northern Lights were on full display for the largest proportion of the United States in decades. The Northern Lights are caused by geomagnetic flairs or “solar storms” from the sun, which can lead to extremely disruptive events on Earth. In 2003, an extreme solar… The post Key considerations for North American retail banks amid ongoing uncertainty appeared first on Accenture Banking Blog.

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Startup offers ‘credit-building’ debit cards for Gen Z

Payments Dive

Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

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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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Community banks are oddly silent on the looming stablecoin threat

American Banker

Legislation enabling new banklike stablecoin issuers would create direct competition for deposits, with small U.S. banks in the most danger. Where is the pushback from the industry?

More Trending

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PNC, Wells Fargo take action on card late fees. Will others follow?

American Banker

PNC has cut its credit card late fees to $8, and Wells Fargo has eliminated the charges on one new card. The moves signal that issuers are already adjusting to a CFPB rule that's currently on hold amid a court challenge.

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AI helping JPMorgan analysts check likeability

BankInovation

NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth trajectory of companies. The $3.

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Regime change at JPMorgan Payments: What to expect

American Banker

Long-time payments chief Takis Georgakopoulos is leaving the bank. New co-heads Umar Farooq and Max Neurkirchen are inheriting a powerhouse, but they face lots of challenges.

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Vistra and Fenergo collaborate to for global client onboarding

The Paypers

Vistra , a provider of business services, and Fenergo , a company specialising in fraud management, have announced a collaboration to enhance global onboarding processes.

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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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Fresh off deal closing, Provident in New Jersey to shutter branches

American Banker

The bank said it would reduce its physical footprint by nearly 15% as part of an effort to reduce overlapping operations, drive cost savings and meet profitability targets tied to its May acquisition of Lakeland Bancorp.

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Moldindconbank partners with Salt Edge

The Paypers

Moldindconbank , a major financial institution in Moldova, has partnered with Open Banking solutions provider Salt Edge to comply with Moldova's PSD2 legislation.

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Most-read mortgage news you might have missed

American Banker

From updates in mortgage-related court cases, to developments in AI and policy, here are the most-read stories from National Mortgage News over the past week.

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Muse joins forces with Xero and Allianz Trade

The Paypers

UK-based financial technology company Muse Finance has announced the launch of musePay, the firm’s BNPL integration with Xero , supported by Allianz Trade.

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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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Banks, navigating choppy seas, tap their branch networks for cash

American Banker

As high interest rates continue weighing on banks' balance sheets, some are selling branches to real estate firms and leasing them back. The strategy is helping lenders that want to restructure their underwater bond portfolios.

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Eastnets introduces SEPA Instant Payments Access as a Service

The Paypers

Global provider of compliance and payments solutions Eastnets has announced the launch of Instant Payments Access as a Service for SEPA Credit Transfers Instant.

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Will Apple's and Google's on-device AI be useful in banking?

American Banker

The tech companies are building generative AI into the next generation of their smartphone operating systems.

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FCA imposes restrictions on AstroPay

The Paypers

The FCA has imposed restrictions on AstroPay preventing it from providing payment services or accepting new customer funds without prior written approval.

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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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Biden taps Goldsmith Romero to lead FDIC

American Banker

President Joe Biden also nominated fellow Commodity Futures Trade Commission board member Kristin Johnson to a top bank regulatory post at the Treasury Department.

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Bureau partners with M2P Fintech

The Paypers

Bureau has announced its partnership with India-based digital banking infrastructure provider M2P Fintech in order to combat digital transaction fraud.

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Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards

The Financial Brand

This article Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards appeared first on The Financial Brand. Inflation keeps many Americans relying more and more on credit cards to get by. Meanwhile, lenders favor super prime borrowers. This article Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards appeared first on The Financial Brand.

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Sahl raises USD 6 million in Series A funding round

The Paypers

Egyptian fintech company Sahl has announced the raise of USD 6 million in Series A funding round in order to accelerate its expansion in Saudi Arabia.

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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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Chopra sees 'clear interest' in data privacy legislation

American Banker

Consumer Financial Protection Bureau Director Rohit Chopra touted the bureau's work on data privacy and open banking, and asked that lawmakers on both sides of the aisle pursue legislation to further consumer protections.

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Xpence and Neoleap launch new Xpence corporate Visa cards

The Paypers

Xpence and Neoleap have announced the launch of new Xpence corporate Visa cards, in order to accelerate the development of Saudi SMEs and corporates.

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Banking as a Service Isn’t Over. It’s the End of the Beginning.

The Financial Brand

This article Banking as a Service Isn’t Over. It’s the End of the Beginning. appeared first on The Financial Brand. Viewpoint: For fintechs and their bank partners, federal consent orders signal a path to regulatory clarity. This article Banking as a Service Isn’t Over. It’s the End of the Beginning. appeared first on The Financial Brand.

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Mortgage rates fall with the cooling pace of inflation

American Banker

Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.

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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.