Fri.Jun 21, 2024

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After Vullo, why is NYDFS still suppressing speech?

American Banker

New York Department of Financial Services' guidance advising banks and insurers to avoid doing business with the NRA was ruled as likely to be unconstitutional by the Supreme Court. Why is it still on the department's website?

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Fiserv hires former JPMorgan executive

Payments Dive

Takis Georgakopoulos worked for JPMorgan for 17 years before he departed earlier this month, and landed at the mega-processor as an advisor.

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ATM Security: 5 ways to prevent attacks

ATM Marketplace

ATM security is a moving target. Here are five ways to hit the mark.

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Amex to buy Tock for $400M

Payments Dive

American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

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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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Fed, FDIC ding four of the largest U.S. banks' unwinding plans

American Banker

The Federal Reserve and the Federal Deposit Insurance Corp. found shortcomings in the living wills of Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase, although the FDIC deemed Citi's resolution plan as "deficient.

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FIs tap quantum computing for payments security

BankInovation

Financial institutions are exploring the use of quantum tech to optimize operations within payments and security. Quantum technology can make payments safer through cryptography and by providing secure communications, Lily Varon, principal analyst at think tank Forrester, told Bank Automation News.

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PayPal fills CTO position with former Walmart exec

Payments Dive

Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

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Citi launches real-time funding solution to keep up with RTP adoption

BankInovation

Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients keep up with liquidity needs in an automated fashion.

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Nvidia passes Microsoft in market cap to become most valuable public company | Apple shuts down Apple Pay Later | Apple AI won’t launch in EU in 2024

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post Nvidia passes Microsoft in market cap to become most valuable public company | Apple shuts down Apple Pay Later | Apple AI won’t launch in EU in 2024 appeared first on Bussmann Advisory AG.

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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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Thrivent acquires ILC charter, converts credit union

American Banker

The Minneapolis-based Thrivent Financial for Lutherans received approval from the Federal Deposit Insurance Corp. on Friday for its industrial loan company application and planned merger between the institution and subsidiary Thrivent Federal Credit Union.

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Lightspeed leads USD 10 mIn funding in Travel Wallet

The Paypers

US-based multi-stage venture capital company Lightspeed Venture Partners has led a USD 10 million funding round in South Korea-based fintech Travel Wallet.

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Can 'ATM pools' save cash?

American Banker

U.K. banks are testing machines that can accept deposits from multiple machines.

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Ecommpay to support Project Nemo

The Paypers

Ecommpay has announced its plan to support the fintech disability initiative Project Nemo to further accelerate the disability inclusion journey.

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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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Banker turned entrepreneur: Laura Kornhauser

American Banker

The co-founder and CEO of Stratyfy is one of American Banker's 2024 Most Influential Women in Fintech.

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Superbank integrates its services on Grab's Indonesia app

The Paypers

Indonesia-based digital bank Superbank has announced that it now provides its banking services directly on the Indonesian version of Grab ’s mobile app.

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FDIC sets up two oversight offices in wake of scandals

American Banker

The two divisions — one focused on employee conduct, the other aimed at improving hiring practices — were created in response to last month's explosive report on widespread harassment and discrimination at the Federal Deposit Insurance Corp.

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Binance fined USD 2.2 mln by India's Financial Intelligence Unit

The Paypers

Crypto exchange Binance has been approved by India’s Financial Intelligence Unit, conditional to paying a penalty for providing services to Indians without adhering to AML rules.

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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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The investment banker turned entrepreneur: Carolyn Rodz

American Banker

The CEO and co-founder of Hello Alice is one of American Banker's 2024 Most Influential Women in Fintech.

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Delta Air Lines partners with Elavon to deliver iPhone tap-to-pay

The Paypers

US-based air travelling company, Delta Air Lines , has recently announced a new partnership with Elavon , a wholly owned subsidiary of US Bank to provide tap-to-pay payment options for iPhone users.

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Senate Banking Committee sets date for FDIC nomination hearing

American Banker

The Senate Banking Committee will consider the nomination of Christy Goldsmith Romero — the administration's pick to take over the Federal Deposit Insurance Corp. — on July 11.

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PQShield receives USD 37 mln investment

The Paypers

PQShield has received a USD 37 million investment led by US-based Addition , with additional participation from Chevron Technology Ventures, Legal & General, and Braavos Capital.

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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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Leading a leading fraud prevention service: Cathy Ross

American Banker

Ross helped build your favorite company's favorite risk management solution — Fraud.net.

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Kapitus closes USD 45 million investment

The Paypers

US-based provider of financing services for SMBs Kapitus has announced the closing of a USD 45 million investment-grade corporate note financing.

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Fed gives more time to comment on payments service expansion

American Banker

The public will now have an additional two months to weigh in on expanded operating hours for its Fedwire Funds and the National Settlement services.

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Flutterwave and EFCC to launch Nigerian cybercrime research centre

The Paypers

Fintech Flutterwave and Nigeria's EFCC launch a Cybercrime Research Centre to combat internet fraud and enhance financial security across Africa.

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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.