Tue.Aug 13, 2024

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How embedded payments are changing the way we pay

Payments Dive

As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.

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10 Top banking podcasts you should be listening to

Abrigo

10 good podcasts for bank & credit union execs & staff These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. You might also like this webinar, "How to confidently navigate AI/generative AI" LISTEN Takeaway 1 An estimated 47% of Americans 12 and older listen to at least one podcast each month, Takeaway 2 With 3.4 million podcasts in the world, it can be challenging to weed

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Finance professionals grapple with payments fraud

Payments Dive

About a fifth of finance professionals in a recent survey said their organization has already been targeted by AI-driven deepfake or executive impersonation attacks.

Fraud 221
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Monzo moves clients to backup after outage

BankInovation

British challenger bank Monzo reported an outage today that halted some card payments and outbound bank transfers. In response to the outage, which the bank attributed to a “technical issue,” Monzo moved to its backup system to get operations back up and running, Monzo said on social media platform X today. Monzo can process 99.

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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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Meeting banking regulations without sacrificing CX

ATM Marketplace

The Bank Customer Experience Summit held in Charlotte, North Carolina from Sept. 9 to 11 will look at this topic in depth during a panel entitled, "How to meet banking regulations while delivering impactful CX.

More Trending

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The conventional wisdom on mortgage quality is wrong

American Banker

Pandemic era changes to credit reporting have dangerously distorted credit scores for mortgage borrowers. The market is in worse shape than we realize, writes a former Federal Housing Finance Agency director.

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BNY developing a cross-border instant payments solution

BankInovation

NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head of global payments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.

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Fall in love with the problem

Realwired Appraisal Management Blog

How aligned are you with your core purpose? Start with the problem, not the solution. A Chief Appraiser’s Problem Bill, a Chief Appraiser at a $25B bank, struggles to run his appraisal department the way features-it’s provider slow to provide custom configurations.

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Three key ways banks can drive core checking deposits

ABA Community Banking

The importance of understanding when and why depositors switch banks. And banks are winning with small business checking. The post Three key ways banks can drive core checking deposits appeared first on ABA Banking Journal.

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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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'Fraud is pervasive throughout the entire industry': Crypto insider

American Banker

Jake Donoghue, author of the book Crypto Confidential, shares some of the worst practices he saw as a founder of a cryptocurrency company.

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US SEC sues NovaTech over alleged USD 650 mln crypto fraud

The Paypers

The US Securities and Exchange Commission has sued the cryptocurrency company NovaTech , saying they fraudulently raised over USD 650 million from investors.

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Bank of Guam's transformation into a more digital institution

American Banker

Some of the challenges Bank of Guam faces are unique. But its search for vendors and local talent will feel familiar to community banks across the U.S.

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Australian government revises Consumer Data Right framework

The Paypers

The Australian Government has initiated a significant revision of the Consumer Data Right programme, citing high implementation costs as a key barrier to its widespread adoption.

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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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CFPB cracks down on 'scam' contract-for-deed home purchase deals

American Banker

Sellers of contract-for-deed home financing deals must provide disclosures, financing terms and assess a borrower's ability to repay, the CFPB said in an advisory opinion.

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Protect Yourself: ATO Impersonation Scams and Tax Return Investments

Qudos Bank

With it being tax season time, it’s important that you remain vigilant when it comes to lodging your tax return as scammers will take the opportunity to impersonate the Australian Taxation Office (ATO) and coerce you into supplying your details so they can steal your funds. We provide you an overview on what to look out for when it comes to ATO Impersonation Scams and what to be mindful of if you choose to invest your tax return, especially when considering volatile investments like cryptocurren

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A Michigan bank's next big move may push it closer to Detroit

American Banker

Though it hasn't set a timeline, Oxford Bank, based north of the Motor City, is weighing a southward expansion that would add all the Detroit metropolitan area to its footprint.

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Tevau joins forces with Jumio

The Paypers

Blockchain payment solution provider Tevau has entered into a strategic partnership with Jumio to ensure an optimised compliant onboarding experience for its users worldwide.

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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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NIST urges immediate adoption of new, post-quantum encryption standard

American Banker

The National Institute of Standards and Technology finalized long-awaited standards for encryption algorithms that can withstand quantum computers.

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GoCardless partners with Future Ticketing

The Paypers

Payments company GoCardless has partnered with ticketing solution Future Ticketing to make ticket and membership purchases easier and more affordable in the UK and Ireland.

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White House rolls out funding to boost affordable housing

American Banker

The administration will release $100 million in grant funds focused on slashing red tape at the state and local levels, and will advance other programs to increase home construction.

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Conduit expands in LATAM

The Paypers

B2B cross-border payments for businesses Conduit has announced its expansion in the region of Latin America, following a USD 5 million seed extension round.

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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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Former inspectors general urge senators to confirm Goldsmith Romero

American Banker

A bipartisan group of ex-inspectors general pushes Senate leaders to quickly confirm Christy Goldsmith Romero to chair the Federal Deposit Insurance Corp. despite scheduling delays and the forthcoming election.

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Cockroach Labs partners with PwC UK

The Paypers

Cockroach Labs and PwC UK have announced a partnership aimed at mitigating the risks, costs, and complexities associated with regulatory compliance and mainframe modernisation.

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Client Spotlight – Bonita Vega at Shell Western States FCU

Image Works Direct

At image.works, we realize our clients are the reason for our success, and our new “Client Spotlight” posts give us the opportunity to highlight some of the inspiring individuals with whom we feel so privileged to work. This quarter, we’re thrilled to feature Bonita Vega from Shell Western States FCU!

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SuperMate launches anti-fraud verification capability

The Paypers

Enterprise SMSF software SuperMate , from SuperConcepts , has announced that it launched a new bank account verification capability aiming to support administrators in minimising fraudulent activities.

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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.