Mastercard refocuses on tech in int’l markets
Payments Dive
AUGUST 1, 2024
The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.
Thu.Aug 01, 2024
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Payments roundup: Mastercard, Visa deploy AI to fight fraud
BankInovation
AUGUST 1, 2024
Payments behemoths continued investing in technology to control costs and streamline operations in the second quarter. Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations.
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Stripe, Fifth Third Bank to team on embedded services
Payments Dive
AUGUST 1, 2024
The global digital payments company will team with the bank to offer embedded finance services to its clients.
Is there a future for community banks?
American Banker
AUGUST 1, 2024
Despite the continuing trends of consolidation and limited startup activity, bankers and industry insiders say there is a path forward. But small lenders must evolve with changing technology.
Back to Basics with Reconciliations
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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.
Barclays boosts cloud strategy
BankInovation
AUGUST 1, 2024
Barclays focused on the simplification of its operations and organization during the first half of 2024 as it leaned into its cloud strategy and upgraded legacy systems. The London-based bank plans to increase its workload on the cloud to 85% to 90% from 75%, according to today’s earnings presentation.
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Defending Against Jackpotting Threats: A Comprehensive Guide
ATM Marketplace
AUGUST 1, 2024
As the digital landscape continues to evolve, so do the methods employed by criminals seeking illicit gains. In 2018, the U.S. Secret Service sounded the alarm on a burgeoning threat – jackpotting attacks.
How banks' "hidden" AI could cause problems
American Banker
AUGUST 1, 2024
Financial institutions have trouble pinning down a common definition of AI and figuring out which of their processes incorporate the technology. That can lead to trouble with regulators.
Visa launches SME online toolkit in Vietnam
The Paypers
AUGUST 1, 2024
Multinational payment card services corporation Visa has announced that it introduced an online toolkit meant to support merchants in Vietnam to fully benefit from its digital payment solutions.
Bank stock rebound fuels M&A optimism
American Banker
AUGUST 1, 2024
The KBW Nasdaq Bank Index was up 18% year to date through July, supporting expectations for more banks to use their shares as currency to take out competitors.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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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
ANZ acquires Suncorp's banking arm
The Paypers
AUGUST 1, 2024
Australia-based lender ANZ has announced the successful acquisition of Suncorp ’s banking business, two years after first declaring its plans.
Trucking loans have caused bank losses. The worst may be over.
American Banker
AUGUST 1, 2024
After a bloodbath that wiped out several trucking companies, a new U.S. Bank report on the industry signals its fortunes may be turning. The rebound, if sustained, may end the bleeding in bank loans to the sector.
Nium develops its funding and collection features
The Paypers
AUGUST 1, 2024
US-based payments provider Nium has announced the extension of its local funding and collection features to over 40 countries and 15 currencies.
20 largest US bank M&A deals of the past year
American Banker
AUGUST 1, 2024
The five largest bank M&A deals had an average deal value of more than $1.2 billion.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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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.
Opn partners with BigPay
The Paypers
AUGUST 1, 2024
Financial solutions company Opn has announced its strategic partnership with BigPay in order to accelerate its expansion strategy in the region of Thailand.
FDIC leadership failed to implement harassment prevention measures: OIG
American Banker
AUGUST 1, 2024
A report by the FDIC Office of the Inspector General found the agency failed to sustain corrective actions, leading to a persistent environment of sexual harassment, distrust of management and fear of retaliation.
SME neobank Ampere announces partnership with Mastercard
The Paypers
AUGUST 1, 2024
Ampere has partnered with Mastercard aiming to enhance Ampere's service offerings, particularly in the area of transfers, as part of its goal to simplify financial solutions for SMEs.
Wells Fargo sued over drug costs in employee health plan
American Banker
AUGUST 1, 2024
Former employees' Minnesota lawsuit accuses the bank of overpaying for prescription drugs, claiming mismanagement of the bank's health plan drove up costs for workers.
It Takes Two to Tango
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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.
ADVANCE.AI launches KYB verification solution
The Paypers
AUGUST 1, 2024
Identity verification provider ADVANCE.AI has announced the launch of a Know Your Business (KYB) business intelligence service to further optimise its capabilities in Singapore and Malaysia.
Mortgage rates sink as FOMC gives hope it will act soon
American Banker
AUGUST 1, 2024
The 30-year fixed rate mortgage was at its lowest level since early February as the benchmark 10-year Treasury dropped under 4%.
Meta to pay USD 1.4 bln to settle facial recognition data lawsuit
The Paypers
AUGUST 1, 2024
Meta has agreed to a USD 1.4 billion settlement with Texas to resolve a lawsuit alleging that it illegally used facial-recognition technology to collect biometric data from Texans without consent.
The 2024 Lenders Guide to Automating the Complex Loan
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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.
MoneyLion joins American Fintech Council
The Paypers
AUGUST 1, 2024
US-based digital financial platform MoneyLion has joined the the American Fintech Council (AFC) to promote financial inclusivity and innovation.
Buffett cuts BofA stake, unloading $3 billion this month
American Banker
AUGUST 1, 2024
Berkshire still holds almost 962 million shares, the filing shows — worth $39.5 billion at Monday's closing price.
Bourgeois Boheme raises EUR 6.5 mln
The Paypers
AUGUST 1, 2024
Lithuania-based fintech Bourgeois Boheme (BoBo) has secured a EUR 6.5 million seed round to digitise family cash flow management and enable seamless high-value transactions.
Poor testing allowed CrowdStrike error to crash millions of computers
American Banker
AUGUST 1, 2024
The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.
Confronting the Change Challenge
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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.
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