Wed.Nov 06, 2024

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10 Themes From Money 20/20 USA

South State Correspondent

The spectacle that is Money 20/20 went down last week, and it did not disappoint. Money 20/20 is likely the conference with the lowest conference-attendee-to-session-attendee ratio in the industry. The conference is all about sales, partnerships, and deal-making, with 2024 being right at the baseline. This year was less exuberant than 2022 but more strategic than any year we can remember in the past.

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Fiserv exec opens up on Walmart, DoorDash partnerships

Payments Dive

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

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AI Regulations for Financial Services: SEC

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

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Why do US banks persist in breaching AML regulations?

American Banker

An uptick in fines associated with anti-money-laundering failures demonstrates that U.S. banks still have much work to do in terms of optimizing their internal systems to identify and stop the flow of dirty money.

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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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Alipay+ and PayPay expand their collaboration

The Paypers

Cross-border digital payment provider Alipay+ has expanded its collaboration with PayPay to broaden the latter’s merchant coverage network across Japan.

More Trending

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Fenergo partners with Boerse Stuttgart Digital

The Paypers

Boerse Stuttgart Digital , a cryptocurrency infrastructure provider, has partnered with Fenergo , an AI-powered solution for KYC and transaction monitoring.

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Controversial bid for Territorial in Hawaii wins shareholder backing

American Banker

The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp.

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Mastercard expands biometric payment service for faster checkouts

The Paypers

Mastercard has introduced improvements to its Mastercard Payment Passkey Service, a system designed to streamline online payments.

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Lawsuit: Lendistry, Plaid and Qualified violated consumer data rights

American Banker

A complaint brought by accounting firm Onisko & Scholz challenges data sharing activities common to data aggregators, banks and fintechs.

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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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TerraPay partners with Suyool to boost financial accessibility in Lebanon

The Paypers

TerraPay , a global money movement company, has partnered with Suyool , a financial ecosystem regulated by Banque du Liban, to improve financial accessibility in Lebanon.

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Guild Mortgage takes earnings hit from servicing portfolio

American Banker

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

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BNY acquires Archer Holdco

The Paypers

The BNY has acquired Archer Holdco , a firm specialising in managed account solutions for wealth management clients.

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The Importance of Teaching Teens About Fraud

Image Works Direct

When you’re an adult, it’s easy to forget that what seems like common sense to you can be completely novel to kids. This is called the “curse of knowledge” – an unconscious bias where you assume that others probably already know what you know.

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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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Melio secures USD 150 million in Series E funding

The Paypers

Melio , a platform of accounts payable and receivable for SMEs, has secured USD 150 million in Series E funding, reaching a valuation of USD 2 billion.

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Why Banks Should Rethink ‘Every Company is a Software Company’

The Financial Brand

This article Why Banks Should Rethink ‘Every Company is a Software Company’ appeared first on The Financial Brand. A decades-long focus on advanced digital technologies – most recently, AI – has distracted many leaders and diverted resources from the core capabilities that drive banking performance. This article Why Banks Should Rethink ‘Every Company is a Software Company’ appeared first on The Financial Brand.

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Lili connect: simplifying finance for small businesses

The Paypers

Lili has introduced Lili Connect, an Embedded Finance integration aimed at simplifying banking, accounting, and tax management for small businesses.

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High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth

The Financial Brand

This article High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth appeared first on The Financial Brand. Credit unions targeting loan growth in 2025 must master digital integration and embedded lending to meet consumers at their moment of need, research shows. This article High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth appeared first on The Financial Brand.

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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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Fexco expands in the Philippines with Maya DCC

The Paypers

Maya has announced the rollout of Fexco ’s dynamic Currency Conversion (DCC) across its extensive network of merchants in the Philippines, via Maya Business.

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The 24-Hour Culture Makeover: Transform Your Organization into a Powerhouse of Growth & Profitability [VIDEO]

The Emmerich Group

Many of us dream of working in an environment that energizes us and is surrounded by competence. In this episode, I’ll discuss how you can improve your organization’s culture —the leading predictor of future growth and profitability—in just a matter of days. Regardless of your current culture situation, the following four-step approach can help you dramatically improve it in just a few weeks.

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BCA Syariah adopts Thought Machine's banking platform

The Paypers

BCA Syariah , a subsidiary of Bank Central Asia that offers Islamic banking services, has announced that it adopted Thought Machine ’s cloud-native core banking platform, Vault Core.

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Presidential race remains tight leading into Wednesday morning

American Banker

Former President Donald Trump showed strength in most of the battleground states, but most of the critical swing states remained too close to call as of early Wednesday morning.

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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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Veefin acquires Singapore-based AI startup Walnut

The Paypers

Mumbai-based supply chain fintech startup Veefin has announced its decision to acquire a stake in a Singapore-based genAI startup Walnut.

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Company behind cash-advance app takes Election Day roller-coaster ride

American Banker

Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump's election.

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Melio secures USD 15 million in Series E funding

The Paypers

Melio , a platform of accounts payable and receivable for SMEs, has secured USD 150 million in Series E funding, reaching a valuation of USD 2 billion.

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Trump will change the CFPB's course — but how much is unclear

American Banker

President Trump initiated changes at the Consumer Financial Protection Bureau in his first term, and the industry's frustration with the bureau has grown since he left office. But how far a second Trump administration can or will go depends on factors outside the president's control.

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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.