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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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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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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More Trending

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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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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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How banks' co-brand card relationships struggle

American Banker

Goldman Sachs , Capital One and Wells Fargo have all suffered pitfalls in their merchant partnerships. Payment experts discuss how issuers can keep retailers and consumers onboard.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Mastercard's Payment Passkey Service to first launch in India

The Paypers

US-based multinational payment card services corporation Mastercard has announced the global launch of its Payment Passkey Service, with plans to first introduce it to India.

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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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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.