Mon.Jun 10, 2024

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Bank stocks advance following robust employment gains

American Banker

Investors homed in on the benefits of positive economic data for lenders, rather than the possibility of a strong job market delaying interest rate cuts that would help to lower deposit costs and boost credit demand.

Data 36
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Rivals Adyen, Stripe partner with Capital One to combat fraud

Payments Dive

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

Fraud 369
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Trending Sources

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Labour election victory would be ‘net positive’ for markets, says JP Morgan

TheGuardian

Win would benefit banks, builders and supermarkets, say analysts, showing appeal of ‘centrist platform’ for City UK general election live – latest updates A Labour election victory will be a “net positive” for financial markets, strategists at the US bank JP Morgan have said, in an analysis that underlines the appeal of Keir Starmer’s “centrist platform” to the City of London.

Marketing 110
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Mastercard shepherds seven startups

Payments Dive

The card network has selected a group of next-generation payment and banking startups for its accelerator program.

Groups 219
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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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Saudi Central Bank joins mBridge for CBDC cross-border trade

The Paypers

Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.

More Trending

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Why Illinois' budget bill has bankers sounding the alarm

American Banker

An interchange provision included in Illinois' budget bill could force banks and payment processors nationwide to revamp their payments infrastructure, lobbying groups for the industry say.

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Evolving to embedded payments: 4 steps to move your company forward

Payments Dive

Enabling embedded payments is a strategic evolution that occurs step by step.

Company 219
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ING, Deutsche look to AI for personalization

BankInovation

ING and Deutsche Bank are looking to AI to boost efficiencies and provide personalized banking experiences for their clients. AI adoption is growing among financial institutions, according to Nvidia’s 2024 State of AI in Financial Services report.

Survey 74
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Credit card borrowers are starting to show greater strength, new data indicates

American Banker

Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there's 'reason to be cautiously optimistic," one analyst said.

Cards 81
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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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AWS clients tap into Visa Cloud Connect platform

BankInovation

Amazon Web Services’ business clients can now tap Visa’s payments solutions through the recently launched Visa Cloud Connect platform.

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US Treasury seeks public input on the use of AI

The Paypers

The US Treasury has asked the public to share their input regarding the use of artificial intelligence (AI) in the financial services sector.

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Mastercard asks: Is crypto still too complicated for payments?

American Banker

Digital assets have never caught on for mainstream payments, but the card network isn't giving up hope. Its latest effort aims to reduce complexity by learning from the successes of digital wallets.

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GHL partners with Alipay+

The Paypers

GHL has announced its partnership with Alipay+ in order to facilitate cross-border payments for customers and clients in the region of the Philippines.

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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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The FDIC's badly inaccurate 'problem bank list' should be shut down

American Banker

All eyes are on the FDIC's toxic workplace scandal and the resultant resignation of its longtime director. However, another problem not being discussed is the agency's "problem bank list.

FDIC 61
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CFPB establishes rules for standard-setting bodies

The Paypers

The Consumer Financial Protection Bureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.

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The World is Going Cashless. Get Over It.

The Financial Brand

This article The World is Going Cashless. Get Over It. appeared first on The Financial Brand. Increasingly 'money' will be digital and currency will become the stuff of history, predicts futurist Brett King. This article The World is Going Cashless. Get Over It. appeared first on The Financial Brand.

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Entrust launches Citizen Identity Orchestration for governments

The Paypers

Entrust has launched Citizen Identity Orchestration to help governments enhance public services through secure digital identities, improving service delivery and trust.

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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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Gruenberg will not testify at House Cleary report hearing

American Banker

A scheduling conflict will prevent Federal Deposit Insurance Corp. Chair Martin Gruenberg from attending a House hearing on workplace misconduct allegations despite ongoing GOP scrutiny and prior calls for his resignation.

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Centenary Bank launches Flexcube Banking System

The Paypers

Uganda-based Centenary Bank has introduced a new core banking system named Flexcube to meet customer demand for instant digital banking services.

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Where is Visa Headed with its ‘Flexible Credential’ Concept?

The Financial Brand

This article Where is Visa Headed with its ‘Flexible Credential’ Concept? appeared first on The Financial Brand. 'One card to rule them all' is one guess. But it's barely an explanation in the competitive payments space. Experts debate Visa's long game. This article Where is Visa Headed with its ‘Flexible Credential’ Concept?

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US Faster Payments Council reports on faster payments and inclusion

The Paypers

The US Faster Payments Council has issued a report that explores financial inclusion through faster payment solutions, highlighting progress and challenges.

US 41
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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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Is Banking Consumer Behavior Not Changing at All? One Report Suggests So

The Financial Brand

This article Is Banking Consumer Behavior Not Changing at All? One Report Suggests So appeared first on The Financial Brand. A slew of industry reports since Covid suggest customer loyalty is more fluctuating than ever. A 2024 report suggests people aren't changing as much as we think. This article Is Banking Consumer Behavior Not Changing at All? One Report Suggests So appeared first on The Financial Brand.

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UK regulator enforces October deadline for APP fraud refunds

The Paypers

The interim head of the UK Payment System Regulator has declined a request to postpone the implementation of a controversial fraud reimbursement plan.

Fraud 41
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The State of Social Media: Authenticity Alongside AI

Image Works Direct

Background on authenticity and AI

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iDenfy augments Able's ID verification for doctors and patients

The Paypers

Lithuania-based regtech provider iDenfy has partnered with weight care treatment platform Abel to augment its onboarding efficiency and reliability.

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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.