Thu.Aug 29, 2024

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A New Take on Collections: Your Tailored Solution

SWBC's LenderHub

We all have preferences, and it can be a challenge to accommodate them all for your members. While some may prefer to maintain a sense of comfort with the familiar traditional route, others may race to explore the benefits of new advancements.

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Fed official questions faster cross-border payments ties

Payments Dive

Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.

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Wells Fargo worker found dead at her desk four days after clocking in

TheGuardian

Arizona officials are investigating the death of Denise Prudhomme, 60, who was discovered by a colleague Officials in Arizona are investigating the death of a Wells Fargo employee who scanned into her office on a Friday morning and was found dead at her desk four days later. According to local outlets, authorities said 60-year-old Denise Prudhomme entered her Wells Fargo office building located on the 1100 block of West Washington Street in Tempe, Arizona, at 7am on 16 August.

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Affirm shuffles leadership, promoting CFO to COO

Payments Dive

The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.

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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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Commonwealth Bank CEO labels Greens’ tax policy ‘insidious populism’ after firm’s $9.8bn profit

TheGuardian

Matt Comyn tells parliamentary inquiry that criticism of business profits ‘erodes trust in institutions’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Commonwealth Bank chief executive, Matt Comyn, has described a proposed excessive profits tax as “insidious populism” and labelled criticism of profitable businesses as “fact-free rhetoric” that is damaging trust in public institutions.

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Lloyds Banking Group raises mortgage upper limit for first-time buyers

TheGuardian

Move to allow loans up to 5.5 times household annual income could prompt others to follow suit, say brokers Britain’s biggest mortgage provider is increasing the maximum sums it is willing to lend first-time buyers in a £2bn move that experts say will bring homeownership within the reach of more people but could further fuel house price rises. Lloyds Banking Group’s decision to let people borrow more means those who meet the criteria may be able to buy a property they might have assumed was well

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What consumers like in co-branded cards

American Banker

Payment experts say keeping customers happy is the key to maintaining partnerships Here's what J.D. Power has to say about user satisfaction.

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50% of Bank of America transactions are contactless, leader says

BankInovation

ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here to stay as adoption continues to tick up, according to Bank of America.

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20 banks and thrifts with the largest portfolios of mortgage backed securities

American Banker

The top five have more than $1.3 trillion in mortgage backed securities as of March 31.

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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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Nvidia data center revenue up 154% YoY

BankInovation

Chip manufacturing behemoth Nvidia reported record second-quarter revenue on growing demand for its data centers, hardware and AI models. “Data center revenue of $26.3 billion was a record, up 16% sequentially and up 154% year-on-year,” Chief Financial Officer Colette Kress said in the company’s earnings release on Aug. 28.

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20 highest-paid bank executives

American Banker

The average salary for these top compensated bank executives is more than $21 million.

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Climate fintech Zero announces delivery partners ahead of launch

The Paypers

Climate fintech Zero has announced delivery partners ahead of its launch, aiming to optimise banking for customers and develop a more sustainable environment.

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Is AI's whopping energy consumption a solvable problem?

American Banker

Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?

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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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dLocal and Grey form cross-border payment partnership

The Paypers

dLocal , a cross-border payment platform focused on emerging markets, has formed a partnership with Grey , a US startup offering global cross-border payment solutions.

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Suburban Minneapolis banks to merge in bid for scale, diversification

American Banker

Bridgewater Bancshares agreed to acquire First Minnetonka Bancorp. in an all-cash transaction slated to close in the fourth quarter. It would create a nearly $5 billion-asset bank.

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Why short-term finance matters (a lot more) to exporting firms

BankUnderground

Aydan Dogan and Ida Hjortsoe Exporting allows firms to access a larger market, but it also implies costs and risks. Some of these costs and risks are due to the time between production and sales generally being longer for exported goods than for goods sold in the domestic market. In our recent Staff Working Paper , we find that among UK manufacturing firms, exporters tend to have more liabilities than non-exporters, and we show that the link between short-term liabilities and labour costs is sig

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Silverflow partners with Halo Dot

The Paypers

Netherlands-based company Silverflow has announced its partnership with Halo Dot to provide clients with an optimised solution for launching POS payments.

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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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Insuring all deposits would create a safer, fairer banking industry

American Banker

Citing "moral hazard" as the reason for denying full federal deposit insurance betrays a completely unrealistic belief in the ability of everyday depositors to gauge a bank's strength.

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Rellevate, Mastercard partner to augment digital payments in the US public sector

The Paypers

US-based fintech firm Rellevate has entered into a partnership with Mastercard to work on optimising digital payments and disbursement services in the public sector.

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Why Banks Remain So Vulnerable to Cybersecurity Risks — and How to Plug the Leaks

The Financial Brand

This article Why Banks Remain So Vulnerable to Cybersecurity Risks — and How to Plug the Leaks appeared first on The Financial Brand. Banks face cyber exposure from inside and outside, but 15 strategies and tools can add layers of protection. This article Why Banks Remain So Vulnerable to Cybersecurity Risks — and How to Plug the Leaks appeared first on The Financial Brand.

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AperiData becomes an Open Banking provider

The Paypers

Real-time credit reference agency AperiData has become an Open Banking provider to be listed as a supplier on CCS ’ Open Banking Dynamic Purchasing System (DPS).

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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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CIBC, RBC pull away from Canada peers on better credit forecast

American Banker

Canadian Imperial Bank of Commerce and Royal Bank of Canada both set aside much less money than expected last quarter to cover loan losses.

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Sumsub achieves the Global Digital Identity Certification

The Paypers

Global verification platform Sumsub has announced that it achieved the new Global Digital Identity Certification (GDIC), being amongst the first identity verification providers to complete it.

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Affirm's faster path to profitability sends its stock soaring

American Banker

The buy now/pay later company beat analysts' expectations on revenue, net income and earnings per share as it issued new guidance for the end of its next fiscal year. Its stock was up as much as 31%.

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bunch, Swan launch Embedded Banking product to optimise investor's experience

The Paypers

France-based Swan has partnered with bunch to introduce an Embedded Banking product that intends to augment the latter’s value proposition to European investment funds.

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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.