Tue.Aug 27, 2024

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How Fintechs Can Maximize Their Trade Show ROI

William Mills

Looking ahead, as summer transitions into fall, the trade show and conference season for fintechs and financial institutions will be a busy one. Whether it’s large events like Money 20/20 , Finovate Fall , or more focused events like Lend360 , the Auto Finance Summit or National Mortgage News’ Digital Mortgage conference, there are proven strategies that exhibitors and attendees can use to help ensure that they generate a good return on their trade show investment.

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Shift4 acquires Canadian gift card company for $148M

Payments Dive

Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.

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‘I was frustrated’: The woman who told Labour it didn’t need to spend £28bn on green investment

TheGuardian

Rhian-Mari Thomas, the head of the Green Finance Institute, persuaded Rachel Reeves to half the state’s stake – because the private sector was ready to step in At the start of this year, among the snowy Swiss slopes of the Davos business get-together , Rhian-Mari Thomas was ready to make an elevator pitch to the UK’s future chancellor, Rachel Reeves.

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CFPB chides retailers on fees for cash back

Payments Dive

The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.

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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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Last call to learn cutting edge banking trends at Bank Customer Experience Summit

ATM Marketplace

The deadline for online registration for the Bank Customer Experience Summit is Sept. 6.

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Russia's central bank to legalise crypto for qualified investors

The Paypers

Russia’s central bank has considered amending the law to introduce a new category of ‘qualified investors,’ which would allow them to trade crypto.

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Rogue regulators smother small businesses. It's time for a change

American Banker

Banks burdened by excessive regulation are unable to provide the kind of support that growing small businesses in their communities need. The entire system is in dire need of an overhaul.

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BMO bot enables 3M customer interactions

BankInovation

Bank of Montreal is deploying AI to improve customer experience and grow digital sales of its products to gain market share. In its third fiscal quarter of 2024, which ended June 30, BMO reported that nearly 3 million AI-enabled customer interactions were performed by its AI-driven chatbot, BMO Assist, according to its Aug.

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First Busey strikes $917 million deal to acquire CrossFirst Bankshares

American Banker

The combination, expected to close next year, would create a regional bank with $17 billion of deposits across 10 states.

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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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Movers and Shakers: Wells Fargo appoints two new tech leaders

BankInovation

San Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader of the bank’s new generative AI team, according to a July 30 release. Kerrins, who joined Wells Fargo in 2019, has been CIO for consumer technology and enterprise functions technology.

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MyState launches new banking platform with Backbase

The Paypers

Netherlands-based Engagement Banking Platforms provider Backbase has announced that it offered a new digital banking platform for MyState Bank to assist its development strategy.

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UK digital bank OakNorth approved to market products, services in the US

BankInovation

United Kingdom-based digital bank OakNorth was granted regulatory approval by the Federal Reserve and the New York State Department of Financial Services on Aug. 26 to market its products and services in the United States. The bank’s “U.S. representative office will act as a liaison with current and prospective U.S.

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iDenfy introduces Face Authentication service for fraud detection

The Paypers

iDenfy , a regtech solutions provider based in Lithuania, has introduced a new face authentication service aimed at detecting fraudulent biometrics.

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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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First Busey to buy CrossFirst Bankshares

ABA Community Banking

First Busey in Champaign, Illinois, has agreed to buy CrossFirst Bankshares in Leawood, Kansas. The deal is expected to close in the first half of 2025. The post First Busey to buy CrossFirst Bankshares appeared first on ABA Banking Journal.

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Onfleet integrates with Shopify

The Paypers

US-based last mile delivery management software Onfleet has integrated with Shopify ’s online orders to augment the shopping and delivery experience.

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A role for banks: Helping millennials teach their kids about money

ABA Community Banking

Both in daily life and in school, millennial parents want to rear children who understand wants vs. needs. The post A role for banks: Helping millennials teach their kids about money appeared first on ABA Banking Journal.

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Fed's Waller pumps the brakes on faster cross-border payments

American Banker

Federal Reserve Board Gov. Christopher Waller said interlinking instant payments systems could come with a steep price tag for banks and heightened risks for customers.

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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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Conotoxia adds multi-currency cards for businesses

The Paypers

Poland-based fintech Conotoxia has announced the launch of new multi-currency cards for its business customers and clients, with a new image.

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CFPB cites retailer fees as it pushes access to cash

American Banker

The Consumer Financial Protection Bureau said charges for cash-back services are contributing to the lack of access to finance in underserved areas.

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Visa teams up with Revolut

The Paypers

Multinational payment card services corporation Visa has partnered with Revolut to enable instant card transfers for Revolut Business customers and support cross-border transactions.

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Telegram's policies permit fraud on its platform — and worse

American Banker

Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. Following the arrest of CEO Pavel Durov, the idea appears more than hypothetical.

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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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GoCardless launches GoCardless for Salesforce on Salesforce AppExchange

The Paypers

Bank payment company GoCardless has launched GoCardless for Salesforce on Salesforce AppExchange, an enterprise marketplace for partner apps and experts.

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BMO earnings miss expectations amid higher credit provisions

American Banker

The Canadian lender's cushion for potential credit losses nearly doubled in the third quarter, while its U.S. business idled.

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Nuvei, Fintech360 introduce cashier solution

The Paypers

Canadian fintech company Nuvei , together with Fintech360 , has announced the launch of a new cashier solution that intends to provide secure and optimised digital transactions for the forex B2B landscape.

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Old Second to acquire five Chicago-area branches from First Merchants

American Banker

The $23 million cash transaction boosts Old Second's presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants' exit from Illinois.

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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.