Mon.Jul 15, 2024

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Goldman optimistic about AI financing

BankInovation

Goldman Sachs is recognizing opportunities for AI-related financing activities as companies continue to adopt the technology.

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BofA tackles digital payments pain points

Payments Dive

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

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Community Bank Loan Performance Analysis

South State Correspondent

We conducted a loan performance analysis for over 5,000 individual hedged commercial loans originated by almost 400 community and regional banks across the country. We measured prepayment speeds, loan size, loan term, fee income, loan yield, credit performance, and return on equity (ROE) of hedged loans and compared this performance to community bank industry averages.

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Bolt advances strategy under new CEO

Payments Dive

Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

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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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Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

TheGuardian

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a rebound in dealmaking. The Wall Street firm said it spent $4.2bn (£3.2bn) on compensation and benefits for its 45,300 staff in the three months to June, up almost a fifth from the same period last year.

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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

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How U.S. Bank climbed to the top in mobile app customer satisfaction

American Banker

In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.

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Wirex, Visa to support Web3 payment adoption

The Paypers

UK-based digital payment platform Wirex has announced the expansion of its partnership with Visa , aiming to increase the use of digital currencies in the UK and the EEA.

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American Banker news quiz: July 15

American Banker

In this edition of American Banker's news quiz, catch yourself up on the latest news surrounding Project 2025, Patelco Credit Union's cybersecurity breach, fines against Citigroup and Fifth Third and more.

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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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BNY unifies tech solutions in Q2

BankInovation

BNY is unifying products and solutions on its platform to ensure its investment capabilities are readily available to clients in one place.

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FedNow's first year, and its impact on real-time payments

American Banker

The government-backed instant processing network has been live only since the summer of 2023, but it's already indirectly boosting usage at an unrelated bank-led rail from The Clearing House.

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SoftBank acquires Graphcore

The Paypers

Japan-based SoftBank has announced the acquisition of Graphcore , a UK-based artificial intelligence (AI) chipmaker, with the deal receiving full regulatory approval.

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Banks can't afford to skimp on top-tier technological expertise

American Banker

The basics of good banking — a strong balance sheet, customer service and solid risk analysis — will always be important. But in the future, technological competence will be the difference between the sector's winners and losers.

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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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Alacriti and Lumin Digital partner for real-time payments

The Paypers

US-based digital payments fintech Alacriti has integrated Orbipay money movement services into Lumin Digital ’s platform to offer instant A2A transfers and digital loan payments.

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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

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Goldman Sachs has 'solid' second quarter as profits rise 14%

American Banker

Goldman's two main businesses — global banking and markets, and asset and wealth management — both recorded year-over-year increases in revenues during the second quarter. "We are pleased with our solid second quarter results," CEO David Solomon said Monday in a press release.

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The Comical Chronicles of a Chief Appraiser: Environmental Risk Shenanigans

Realwired Appraisal Management Blog

Enjoy this guest blog by Andrew Bailey, REM, CSRP, President of ECA Risk Management. Our industry has long been aware that environmental risk can have a substantial impact on determining the appraised values of real estate. It’s essential for banks, investors, property owners, and, yes, regulators, to understand these impacts.

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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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BNP Paribas partners with Ant International

The Paypers

BNP Paribas has announced its partnership with Ant International in order to further promote cross-border payment solutions for customers in Europe.

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Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor

The Financial Brand

This article Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor appeared first on The Financial Brand. Analysis: Four decisions, taken together, may help fintechs and other nontraditional applicants seeking entry into the banking system. This article Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor appeared first on The Financial Brand.

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Debt collectors defend doctors in skewering CFPB medical debt plan

American Banker

The Consumer Financial Protection Bureau's proposal to eliminate medical debts from credit reports is under attack from debt collectors, which claim the rule will drive up litigation costs and drive doctors out of business.

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Singaporean banks to safeguard against phishing

The Paypers

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that banks in the region plan to better protect customers against phishing.

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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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Powell commits to finish Fed chair term, stays mum on future plans

American Banker

The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell's term on the Fed Board of Governors expires in 2028.

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Pelago partners with Primer

The Paypers

Pelago has announced its partnership with Primer in order to provide global travelers and customers with an optimised payment experience.

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P2P Apps Now Dominate Payments Between Individuals, Eclipsing Cash

The Financial Brand

This article P2P Apps Now Dominate Payments Between Individuals, Eclipsing Cash appeared first on The Financial Brand. All P2P payment companies currently enjoy a high degree of customer inertia. But that advantage may not last. This article P2P Apps Now Dominate Payments Between Individuals, Eclipsing Cash appeared first on The Financial Brand.

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Genstar to acquire a stake in AffiniPay

The Paypers

Private equity firm Genstar has been planning on acquiring a significant stake in AffiniPay , a US-based payment service provider, in a deal possibly valuing the latter at USD 3 billion.

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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.