Fri.Sep 27, 2024

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Avoiding banking transformation pitfalls

ATM Marketplace

A panel at the Bank Customer Experience Summit addressed how to avoid banking transformation pitfalls

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Fiserv, Wells Fargo to end joint venture

Payments Dive

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

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Stripe expands its presence in Toronto

The Paypers

Stripe , a financial infrastructure platform designed for businesses, has launched its new flagship office in Toronto as part of its expansion efforts.

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Wells Fargo applies vendor tech across business lines

BankInovation

Wells Fargo looks across all of its business lines when making investment decisions and selecting technology vendors. For the $1.7 trillion bank, working with vendors is “about the direction of the firm, our customer-forward focus and then thinking about intention and modernizing our core infrastructure,” Jazz Samra, head of strategic partnerships and innovation initiatives, told […] The post Wells Fargo applies vendor tech across business lines appeared first on Bank Automation News.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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OpenAI projects $5B loss on $3.7B revenue | Meta unveils Orion AR glasses | Visa to acquire payment fraud firm Featurespace in $1B takeover

Bussman Advisory

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: shutterstock.com The post OpenAI projects $5B loss on $3.7B revenue | Meta unveils Orion AR glasses | Visa to acquire payment fraud firm Featurespace in $1B takeover appeared first on Bussmann Advisory AG.

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More Trending

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Robinhood explores launching its own stablecoin

The Paypers

Robinhood Markets has announced that it is exploring launching its own stablecoin, a type of crypto designed to maintain stable value.

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PayPal's solution for AI scalability? Partners

American Banker

As the company bolsters artificial intelligence-powered point of sale and battles other fintechs and the card networks, getting a boost with distribution has become a major priority.

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Visa plans to acquire Featurespace

The Paypers

Multinational payment card services corporation Visa has announced that it signed a definitive agreement to proceed with the acquisition of Featurespace.

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Facts, not bias, should determine the FDIC's brokered deposit rule

American Banker

The Federal Deposit Insurance Corp.'s proposed rule on brokered deposits would be a step backwards for the agency and the industry it regulates.

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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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Mastercard partners with ZOOD

The Paypers

Mastercard has announced its partnership with ZOOD in order to launch the first virtual BNPL card for customers and clients in the region of Uzbekistan.

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Why banks are siding with the Fed in Custodia master account suit

American Banker

Top banking trades have thrown their support behind the central bank's argument that it has discretion over access to its payments systems. Custodia is seeking to appeal a lower court ruling that affirmed that discretion.

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HSBC and JP Morgan unwittingly processed payments for Wagner head

The Paypers

Reports have surfaced that JPMorgan Chase and HSBC inadvertently processed payments for companies associated with Yevgeny Prigozhin, the former leader of the Wagner Group.

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Investor group ups Territorial offer; Lightspeed Commerce seeks buyer

American Banker

Blue Hill Advisors and former Bank of Hawaii CEO Landon up their per-share cash offer to buy Territorial Bancorp; Montreal-based payments firm Lightspeed Commerce puts itself on the market; Societe Generale hires ex-UBS banker Jansen as the bank's West Coast co-head; and more in this week's banking news roundup.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Justt announces a partnership with Ravelin

The Paypers

Justt , an AI-powered chargeback mitigation provider, has announced a partnership with Ravelin , a company specialising in AI-based fraud detection solutions.

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What a Chime IPO would mean for banks and fintechs

American Banker

As a public company, the neobank would have the capital support to keep growing quickly. It would also have to rein in costs and show a profit.

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Citi partners with Apollo to lend USD 25 bln

The Paypers

Citigroup has announced a partnership with Apollo in an initiative to lend up to USD 25 billion to private equity groups and low-rated companies in the US.

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Umpqua pushes into winery banking during industry's crunch

American Banker

First Republic's failure last year left its wine bankers available for poaching. The group joined Umpqua Bank, whose expansion in the wine business comes at a tricky time for the industry.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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Vista Point obtains USD 227 million closed end second mortgage securitisation

The Paypers

Vista Point has closed its USD 227 million securitisation, with the company acquiring and originating over USD 5.8 billion in nonagency residential loans.

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Home Loan Banks must look at members' finances, not just collateral: FHFA

American Banker

The Federal Housing Finance Agency issued guidance to ensure the Federal Home Loan Banks are lending based on the credit worthiness of the member bank, not solely on the quality of the collateral.

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VARA strengthens marketing rules for virtual assets in Dubai

The Paypers

The Virtual Assets Regulatory Authority (VARA) has updated its marketing regulations for VASPs in Dubai to enhance transparency and consumer protection.

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Cookie credit sweetens Utah bank's strong loan growth

American Banker

A recent deal with a gourmet cookie franchise highlights the business that Ogden-based TAB Bank has built lending to companies other banks shy away from.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Hilton launches hotel loyalty debit cards

The Paypers

Hilton, a global hospitality leader, has launched the Honors debit card and Hilton Honors Plus debit card in the UK in collaboration with Currensea.

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9 Critical Leadership Lessons from Top META Marketing Exec

The Financial Brand

This article 9 Critical Leadership Lessons from Top META Marketing Exec appeared first on The Financial Brand. Tech marketing leader Eshan Ponnadurai shares insights from META, Google, and Uber, offering incisive perspectives for bank marketers in the digital age. This article 9 Critical Leadership Lessons from Top META Marketing Exec appeared first on The Financial Brand.

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Scotiabank partners with Nova Credit to improve digital credit access

The Paypers

Scotiabank has revealed its collaboration with Nova Credit a cross-border credit bureau to increase digital credit access for newcomers to Canada.

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Amid Rising Delinquency Rates, Auto Lenders Seek Safe Growth

The Financial Brand

This article Amid Rising Delinquency Rates, Auto Lenders Seek Safe Growth appeared first on The Financial Brand. A slowing economy is impacting auto loan performance. Ally and Capital One discuss the worrisome trends. This article Amid Rising Delinquency Rates, Auto Lenders Seek Safe Growth appeared first on The Financial Brand.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.