Thu.Jun 06, 2024

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Canary in the Coal Mine

Realwired Appraisal Management Blog

There’s an opportunity for appraisers with developers and investors to be a canary in the CRE coal mine. The buyer’s due diligence journey could START with an appraisal rather than at the end. No guess work. No wasted time. No wasted money.

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New York races to pass BNPL bill

Payments Dive

State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

New York 397
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Will the Recent Ticketmaster Data Breach Drive More Fraud for Banks and Credit Unions?

Gonzobanker

Add these action items to your card fraud checklist to strengthen your defenses. The hacker group ShinyHunters allegedly breached Ticketmaster’s data in late May 2024, including credit and debit card information for over 560 million consumers worldwide. That’s more than 2.5 times the prior largest breach of Experian a decade ago. So, what will happen to U.S.

Fraud 154
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Amex dismisses impact of eBay’s rejection

Payments Dive

EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

Cards 195
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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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Banks consider merits of open-source and closed-source generative AI

American Banker

Most banks are starting their generative AI experiments with closed-source models before progressing to open source. For some, the ultimate goal is to be model-agnostic.

More Trending

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The racial wealth gap is getting wider. Can technology fix it?

American Banker

In recent years, the wealth gulf between white and Black families has only grown. But there is hope that advances in fintech, such as wider adoption of artificial intelligence, can help.

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Deutsche Bank shares data with Swift for AI fraud solution

BankInovation

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift. The process will test the use of secure data-sharing for AI-driven fraud prevention, Joanne Hannaford, chief information officer and chief product officer of corporate bank at Deutsche Bank, said at Money2020 Europe on June 4.

Fraud 74
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CFPB's regulatory overreach is actively harming small businesses

American Banker

Rather than fueling uncertainty, the Consumer Financial Protection Bureau should be devising strategies that facilitate clearer policies that bring more certainty to lending markets.

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CFPB solicits stakeholders to form open banking framework

BankInovation

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United States.

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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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How Google is battling Apple beyond mobile payments

American Banker

By making it easier to enroll and access financial services such as buy now/pay later lending, the search giant hopes to enhance connections with users.

Google 85
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Podcast: Pathward’s road to innovation in financial inclusion

ABA Community Banking

On the latest episode of the ABA Banking Journal Podcast, Anthony Sharett, president of Pathward, discusses how his FDIC-insured bank works alongside depository institutions to expand offerings that enhance financial inclusion and reach the unbanked. The post Podcast: Pathward’s road to innovation in financial inclusion appeared first on ABA Banking Journal.

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'Significant work' remains to harmonize cybersecurity rules: Watchdog

American Banker

A report on efforts to deconflict federal cybersecurity regulations found the Treasury in particular has not completed its recommendations.

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BNP Paribas and Numeral partner for payment integration

The Paypers

BNP Paribas and Numeral , a payments technology provider, have announced a partnership aimed at facilitating payment companies' incorporation of SEPA.

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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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Gender-led investing funds grow in spite of attacks on ESG

American Banker

Despite attacks on the broader ESG strategy, a narrow niche focused on women had a positive quarter.

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Commercial Property Loans - FAQs Answered by Experts

Commercial Lending USA

You can use commercial property loans to buy, build, or refinance a property that makes money. Commercial loans can be used for a broader range of properties than residential mortgages, which are only for single-family houses.

Lending 52
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Minnesota bankers appeal dismissal of suit over FDIC's fee guidance

American Banker

A Minnesota trade group and its co-plaintiff, Lake Central Bank, signaled that they plan to appeal a district court's dismissal of their lawsuit against the FDIC. The case involves the agency's guidance on nonsufficient funds fees.

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From the Vault: When the American banking system almost died

ABA Community Banking

With a vast audience listening, the president said it would be "safer to keep your money in a reopened bank than under the mattress." The post From the Vault: When the American banking system almost died appeared first on ABA Banking Journal.

System 52
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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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Fast-growing Florida bank sets an expansive solar-lending goal

American Banker

The 3-year-old Climate First in St. Petersburg appears primed to take its renewable energy lending nationwide now that it's exiting the de novo phase.

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iProov's Dynamic Liveness solution earns FIDO Certification

The Paypers

iProov has announced that its Dynamic Liveness Solution has achieved global certification for face biometric identity verification from the FIDO Alliance.

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Hsu says banks and AI companies should share responsibility for model errors

American Banker

Acting Comptroller of the Currency Michael Hsu Thursday said AI providers and end-users — including banks — should share responsibility for errors that derive from artificial intelligence models.

Company 48
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'Mastercard for Fintechs', launched to support the fintech ecosystem in Western Europe

The Paypers

Mastercard has launched its new Western Europe program called `Mastercard for Fintechs` in order to further develop and improve the fintech ecosystem.

Fintech 53
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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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How a background in sales led Darlene Pasquill to Wall Street: The Climb

American Banker

Now the head of the Mizuho Americas' equity division, Pasquill started her career selling textiles, industrial products, and medical equipment.

America 36
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Equifax accepted onto CCS's Open Banking DPS framework

The Paypers

Equifax has been accepted onto Crown Commercial Service ’s Open Banking DPS framework, aiming to further accelerate its development process.

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Remote ATM Testing is Real

ATM Marketplace

Remote ATM testing - Best Practice Guide

ATM 48
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Till Payments joins forces with BigCommerce

The Paypers

Comprehensive payment solutions provider Till Payments (Till) has entered a collaboration with BigCommerce to provide additional capabilities to the latter’s users.

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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.