Thu.Aug 15, 2024

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Winning Olympic Communication Strategies for Fintechs

William Mills

I've always been fascinated by the Olympics. While the incredible athletic feats are inspiring, the games are much more than that. The global event is a celebration of planning, fierce competition and storytelling. Every two years, we’re drawn into the personal stories of athletes, learning about their sacrifices, perseverance, and the support networks that helped them become the best in the world.

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JPMorgan, Zelle may have upper hand if litigation ensues

Payments Dive

If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.

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Environmental, Social and Governance (ESG) and Climate Risk Investing – You must be kidding me?!

Perficient

“As if there weren’t enough jargons and complex terms to remember for an investor, you are telling me I need to now know about ESG and Climate Risk – You must be kidding me!!” – These are the exact words (with a couple of expletives, that I cannot quote here) – a senior fund administrator from a large investment firm uttered when we were presenting about environment aware financial risk management.

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Klarna jumps into banking business

Payments Dive

The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.

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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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ICX Summit: Brand leaders to share e-commerce excellence insight

ATM Marketplace

E-commerce leaders will discuss creating seamless customer experiences at the upcoming Interactive Customer Experience Summit being held in Charlotte, North Carolina next month.

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The 7 Systems of Smarter Banks

Gonzobanker

This suite of systems can take banks from chaotic and fragmented operations to a smart, scaled future. A striking dynamic has occurred among regional and community banks over the past 10 years: their assets have grown much faster than their maturity. Amidst frenetic M&A activity and vibrant organic growth, the typical midsize bank has doubled or tripled its size from a decade ago.

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Fintechs ramp up lobbying over earned wage access, crypto

Payments Dive

Chime, PayPal and Block, for example, spent more on lobbying in the first half of 2024 than for the same span last year, OpenSecrets reported.

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The Capital One-Discover merger will be good for your wallet

American Banker

The overall size of the combined entity is trivial compared to industry behemoths. It is evident the benefits to consumers from the Capital One-Discover merger dramatically exceed the speculated harms that caution against it.

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How Valley Bank taps AI to do more with less

BankInovation

Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank is using AI, machine learning and robotic process automation to limit “repetitive, manual tasks” for employees, Russell Barrett, senior executive vice president and chief operating officer, told Bank Automation News.

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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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Texas comptroller adds NatWest to list of firms said to be ‘boycotting’ energy companies

TheGuardian

The bank is latest to be named by officials in the US state, which has law to protect oil and gas sector Business live – latest updates Texas officials have added NatWest Group to a growing list of financial firms considered to be taking part in a “boycott” of energy companies, in a move that could limit the UK bank’s business with the oil-rich US state.

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Wells Fargo updates virtual assistant to monitor spending

BankInovation

Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual assistant, Fargo. Powered by Google Cloud, the digital assistant is now equipped with AI-driven insights to help bank clients better understand their spending habits and access actionable tips about their finances, according to the bank.

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Where ATMs are finding relevance as cash fades

American Banker

NCR Atleos and Diebold Nixdorf are leveraging the rise of branchless financial institutions and putting pressure on traditional banks to maintain access to paper.

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State-dependent effects of UK monetary policy

BankUnderground

Vania Esady Monetary policy actions transmit to inflation and real activity with ‘long and variable’ lags. However, it is not obvious how the effectiveness of monetary policy varies across economic states (for instance pace of economic growth). The academic literature suggests the possibility effects of monetary policy being state dependent. For example, Tenreyro and Thwaites (2016) find that the effects of monetary policy is weaker in recessions.

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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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Mortgage rates fall despite Fed's tough love approach

American Banker

Borrowing costs have fallen to their lowest level in more than a year as inflation metrics drop to 2021 levels, seemingly vindicating the Federal Reserve's decision to maintain their restrictive monetary policy.

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Column explores why credit unions are buying banks

ABA Community Banking

A new column in Axios by Felix Salmon probes why credit unions are buying banks at a record pace, and as a consequence, have possibly lost sight of their nonprofit missions. The post Column explores why credit unions are buying banks appeared first on ABA Banking Journal.

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Illinois lawyer gets 25-year sentence for scheme that toppled Chicago bank

American Banker

Robert M. Kowalski was convicted for his role in embezzling tens of millions of dollars from Washington Federal Bank for Savings, which led to the bank's failure in 2017.

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RealPage and Flex partnership on rent payments

The Paypers

US-based provider of AI-enabled software platforms for real estate RealPage has selected Flex as its preferred technology provider for flexible rent payments.

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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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Bank groups challenge Illinois swipe fee law

American Banker

The American Bankers Association and the Illinois Bankers Association, among other groups, are challenging an Illinois law barring swipe fees for taxes and tips should be preempted by federal law.

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Ripple ordered to pay USD 125 mln in SEC lawsuit

The Paypers

A New York court has ordered Ripple to pay a USD 125 million fine in its ongoing legal dispute with the Securities and Exchange Commission ( SEC ).

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Fade to black: In-store branches' steep decline continues unabated

American Banker

Currently sitting at 2,500, the in-store branch count appears fated to continue dropping, as customers opt for digital channels and banks shy away from models that emphasize overdraft.

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SA startup Open Access Energy raises funding of ZAR 13.6 mln

The Paypers

South-Africa based startup and software company focused on optimising energy transactions, Open Access Energy , has raised ZAR 13.6 million (approximately USD 752,000) in seed funding from investment company Factor E Ventures.

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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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CFPB and New York challenge Acima, seek to redefine 'credit' in lease-to-own

American Banker

Acima offers lease-to-own plans on consumer items, but the Consumer Financial Protection Bureau and New York officials are calling those plans credit. The battles, playing out in separate courts, could trigger more expansive protections for customers.

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Ticombo, Mangopay partner to boost ticket-selling experience

The Paypers

International ticket marketplace, Ticombo , has recently announced a new strategic partnership with Mangopay , a flexible payment infrastructure provider for platforms, to enhance the online selling and buying ticketing experience.

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Schumer hopes to pass crypto bill by the end of the year

American Banker

Senate Majority Leader Chuck Schumer, D-N.Y., said the upper chamber could pass a bill laying out the regulatory framework for cryptocurrency this year, though few details were offered on how such a bill would cross the finish line.

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Flexys partners Moneyhub for Open Banking integration

The Paypers

Flexys , a UK-based provider of collections management technology, has partnered with Moneyhub , a fintech company specialising in Open Finance, and Open Data solutions.

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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.