Thu.Sep 21, 2023

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Data – The Lifeblood of Intelligence Automation

Perficient

With all the hype around artificial intelligence (AI), AI can feel complicated, distant, or foreign. But guess what? It’s not new news and it doesn’t need to be complicated; it’s just a revolution of how we leverage data! Let’s take a quick dive into the data-driven universe of AI (i.e., intelligence automation). This article breaks down how data powers intelligence automation.

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California legislature passes plastic gift card ban

Payments Dive

The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.

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Why Internet Bank Fraud is So Much More than IP Addresses

Abrigo

Internet bank fraud is here to stay; learn how to detect and stop it. Every type of fraud has something unique it leverages to dupe unsuspecting citizens. Learn what is different about internet bank fraud. Would you like other articles like this in your inbox? Takeaway 1 It is important to monitor fraud effectively and consistently. Takeaway 2 Stay informed of trends in mobile fraud as well as internet bank fraud.

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Is X unfit to hold state money licenses?

Payments Dive

Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Fintech Deals to Watch: Fall Festivities

Gonzobanker

The dog days of summer are over, but no sweater weather for deals yet. No record heat in deal activity, but warmth remains. Most players “wait and see,” but here are a few deals that caught our attention. Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization.

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More Trending

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Colleges should be on the hook when graduates default on student loans

American Banker

Educational institutions ought to have some skin in the game when it comes to the student loan market.

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Varo aims to displace Venmo, Cash App volume with P2P feature

Payments Dive

The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

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20 banks with the best reputation among customers

American Banker

The top five banks have an average reputation score among customers of 84.1 in 2023.

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Uber to add more payments tools to its app

Payments Dive

The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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BMO joins earned wage access market via DailyPay

American Banker

BMO Financial Group is the fourth bank to partner with the fintech to enable employers to offer early access to the wages they pay.

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This week’s podcast episode: Shining a bright light on digital dark patterns

CFPB Monitor

Our special guest is Andrew Nigrinis, PhD, who formerly served as Enforcement Economist for the Consumer Financial Protection Bureau. We first discuss what is meant by “dark patterns” and the types of digital practices identified by the CFPB and Federal Trade Commission as “dark patterns.” We then look at the CFPB ‘s position regarding the use of “dark patterns” as an unfair, deceptive, or abusive act or practice under the Consumer Financial Protection Act, the FTC’s position regarding the use

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Bank M&A rebounds in August, bolstered by pent-up demand

American Banker

There were 18 deals announced last month involving bank targets. It was the most active month since July 2022 and marked a bounce-back from a months-long slump.

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5 Contact Center Technologies You Need for Success

SWBC's LenderHub

Integrating technology into modern contact centers isn’t just a trend, it’s a necessity. For credit unions, leveraging tech is essential for enhancing contact center operations and improving member experiences. The right tech can also ease staff burdens, boost job performance, and increase overall employee satisfaction.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Massachusetts mutuals agree to merge, form multibank holding company

American Banker

The parent companies of Cape Cod 5 and Fidelity Bank have agreed to combine under a multibank holding company called Mutual Bancorp. The bank units would keep their current names and operate independently but pool resources to improve efficiency.

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Payments status updates comprise 80% of Citi queries

BankInovation

TORONTO — Eighty percent of queries across Citigroup’s 96-country network — which includes more than 200 million clients — are payment status queries. Pre-validation capabilities could bring that number down for banks, Debopama Sen, co-head of global payments and receivables at the $2.4 trillion Citi, said at the Sibos 2023 event this week.

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Swift partners with Visa and Wise to fend off fintechs in cross-border B2B payments

American Banker

The messaging organization, which faces growing competition from newer tech firms, is working with the card network and payments company to ensure that its own offerings stay relevant.

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Brex, Ally roll out AI-driven chatbots

BankInovation

Ally Financial and Brex rolled out AI-driven virtual assistants this week. Ally debuted a customer representative assistant to help service team members aid clients more efficiently while Brex’s virtual assistant aims to help employees of commercial clients file and manage expense reports.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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CFPB outlines sweeping data proposal, drawing swift bank condemnation

American Banker

The Consumer Financial Protection Bureau proposed major changes to the Fair Credit Reporting Act, including eliminating all medical debt from credit reports. But banks and financial firms said the plan would upend 50 years of how courts have interpreted the law.

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Lenders using AI-based underwriting must comply to CFPB guidance

BankInovation

The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance, marking a shift in tone from its previous guidance in 2022.

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The Fed says it can regulate stablecoins. So why doesn't it?

American Banker

Federal Reserve officials have asserted that stablecoin regulation is necessary and within their jurisdiction. Observers say the central bank's crypto guidance and policies governing master accounts offer blurry visions of what shape such regulation might take.

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Microsoft to offer AI assistant to top clients from Nov. 1 | Cisco’s record $28B buy: Acquires cybersecurity firm Splunk | Apple, Goldman halt iPhone stock-trading plan amid market shift

Bussman Advisory

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Microsoft to sell AI assistant software to biggest clients starting Nov. 1 Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28B Apple and Goldm

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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How banks are trying to get in front of new AI rules

American Banker

It's still too soon to say exactly how the use of advanced artificial intelligence will be restricted in financial services, but banks are developing strategies mindful of potential policies.

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CGI completes FedNow Service certification

The Paypers

Canada-based IT and business consulting firm CGI has revealed that it is now certified to support instant payments on FedNow Services.

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FDIC's Hill: Pause new bank regulations amid interest rate environment

American Banker

The Federal Deposit Insurance Corp. Board's Vice Chair Travis Hill urged his fellow regulators Thursday to delay implementing new banking regulations until interest rates stabilize, saying rushed rules amid precarious economic conditions could impact consumer lending.

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Mondu launches the Digital Trade Account for businesses

The Paypers

Germany-based B2B payments company Mondu has launched the Digital Trade Account, a solution addressed to businesses.

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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.