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.

Payments 472
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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

Fraud 221
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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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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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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.

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Optimizing Payment Strategies to Combat Disintermediation and Boost Performance

Jack Henry

Discover essential payments takeaways and unlock the top priorities for bank and credit union CEOs over the next two years with key insights from the Jack Henry™ 2024 Strategy Benchmark. Why you need a payments strategy As ways to pay and get paid become progressively faster and increasingly digital, payments remain a critical driver for success and longevity.

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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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'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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.

Data 41
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Starbucks new CEO faces plenty of payments challenges

American Banker

Brian Niccol's record as CEO of Chipotle will be tested as he tries to to keep the coffee chain competitive with rival digital wallets.

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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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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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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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Stenn partners with Payyd

The Paypers

Working capital digital platform Stenn has announced its partnership with Payyd in order to power the development and growth of Indian exporters.

Capital 36
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New York Community takes another step

American Banker

The beleaguered Long Island bank saw its stock price rally after investors exchanged their preferred shares for common stock.

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Axis Bank partners with Visa to launch a new credit card

The Paypers

India-based Axis Bank has partnered with Visa to introduce an ultra-premium credit card named Primus.

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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.