BankUnderground

OCTOBER 17, 2024

James Waddell and Meghna Shrestha An increasing number of households in the UK are opting for longer-term mortgages, with the share of borrowers taking out new mortgages with terms 30 years or longer tripling since 2005. But who are these households, why have they done so, and what could this imply for financial stability? This blog presents some analysis to answer these questions, and focuses on three potential risk channels which could affect financial stability.

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Lending Policies Analysis Exercises 59

Payments Dive

OCTOBER 17, 2024

The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

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Retail 418

Gonzobanker

OCTOBER 17, 2024

GenAI tools can do amazing things. Doling out financial advice and guidance isn’t one of them. A survey from the Motley Fool revealed some surprising—and, frankly, hard to believe—statistics about Americans’ use of the generative AI tool ChatGPT for financial advice. The study found that: 54% of Americans have used ChatGPT for finance recommendations.

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Apple Examples Tools Analysis 156

Payments Dive

OCTOBER 17, 2024

The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

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Cards Report 195

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ATM Marketplace

OCTOBER 17, 2024

A panel at the Bank Customer Experience Summit analyzed banking regulations and how banks can comply without sacrificing the customer experience.

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Regulation Customer Experience 106

The Paypers

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

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Fraud Payments 73

American Banker

OCTOBER 17, 2024

Pilots of the technology show it can produce double-digit productivity improvements. But among experienced staff, it can have a negative impact.

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Technology 83

The Paypers

OCTOBER 17, 2024

Techcombank has announced its partnership with Databricks in order to optimise banking experiences for customers, through the use of improved data and AI solutions.

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Data 69

American Banker

OCTOBER 17, 2024

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter.

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Advertiser: ZoomInfo

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.

Analysis

The Paypers

OCTOBER 17, 2024

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has partnered with Pure Storage to support financial institutions in meeting DORA requirements.

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American Banker

OCTOBER 17, 2024

The Cleveland lender sold some $7 billion in bonds at a loss, leading to the fall in the bottom line. Excluding that hit, KeyCorp's profits rose 9%.

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Cleveland 78

The Paypers

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has initiated Project Aperta aiming to explore reducing frictions and costs in global finance by enabling cross-border data portability.

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Data 68

American Banker

OCTOBER 17, 2024

There is a tendency to assume that banks carrying a large commercial real estate loan portfolio need to diversify. But that ignores the fact that many of those institutions have much deeper knowledge of the market than their critics.

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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.

Lending

ABA Community Banking

OCTOBER 17, 2024

“Mutuals Matter” is a national advertising, marketing and communications effort “that aims to shine a spotlight on what sets mutual banks apart from other financial institutions,” the banks said in a statement. The post New campaign seeks to raise public awareness of mutual banks appeared first on ABA Banking Journal.

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American Banker

OCTOBER 17, 2024

The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.

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ABA Community Banking

OCTOBER 17, 2024

How do community banks balance the need for cutting-edge technology and the human touch? Pamela Montpelier of Ballston Spa National Bank talks about how a laser-like focus on customer experience can help drive growth. The post Podcast: Laser-focused on the customer experience appeared first on ABA Banking Journal.

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The Paypers

OCTOBER 17, 2024

Findity has launched its Real Time Card functionality, aiming to improve expense management with real time card transactions from Mastercard and Visa.

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Management Cards Tools 41

Advertiser: ZoomInfo

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.

Capital

Bussman Advisory

OCTOBER 17, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: Dr David Sing / shutterstock.com The post Big Tech turns to nuclear for AI energy needs | GenAI startups grab 40% of cloud VC | AI-driven fraud surges in Europe’s finance sector appeared first on Bussmann Advisory AG.

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Fraud Fintech Payments 52

The Paypers

OCTOBER 17, 2024

Plaid has launched new fraud calibration and Trust Index features for the Plaid Identity Verification, helping clients to keep track of their risk decisions and fight fraud.

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Fraud 41

American Banker

OCTOBER 17, 2024

The regulator cited Axiom Bank for unsafe and unsound practices as well as violating the Bank Secrecy Act and anti-money laundering requirements.

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The Paypers

OCTOBER 17, 2024

Global payment network Klarna has announced that its payment options are now available to users checking out on the Apple Pay app and online.

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Apple Online Payments 36

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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.

Operations

Image Works Direct

OCTOBER 17, 2024

Meet Austin Spaulding, who plays a dual role as image.works’ Social Media Specialist and one of our talented copywriters. Originally from Bloomington, Illinois, he spends as much time as he can going to hear live music; his other favorite pastimes include movies, video games and camping.

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Austin social media Illinois Video 36

The Paypers

OCTOBER 17, 2024

UK challenger bank Monzo has announced the launch of Monzo Team, a subscription plan that will help its business customers simplify their expense administration.

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American Banker

OCTOBER 17, 2024

The Federal Deposit Insurance Corp. projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 billion increase in the DIF balance.

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The Paypers

OCTOBER 17, 2024

The Interledger Foundation (ILF) and Wallet Guru have announced their collaboration to create a new payment model for services like telecommunications, utilities, and entertainment.

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Payments 36

Advertiser: ZoomInfo

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.

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