Tue.Jan 21, 2025

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AI promises 2025 advances for payments industry

Payments Dive

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.

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Top 5 Digital Trends for Insurance in 2025 – P&C, Life, Annuities, Reinsurance

Perficient

The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge. Insurance Trend #1: Building Business Resilience Underwriting actions in response to increased claim frequency and severity are expected to stabilize combined ratios across most property and casualty insurance lines i

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FIS entangled in Capital One outage over days

Payments Dive

Fidelity National Information Services blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

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5 Ways suspicious activity monitoring services can bring staff relief

Abrigo

Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.

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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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Reeves bids to intervene in car finance case that could cut lenders’ £30bn bill

TheGuardian

Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm Business live latest updates The chancellor, Rachel Reeves, has launched a rare bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the 30bn-plus compensation bill lenders currently face. Shares in Lloyds and Close Brothers, two of the biggest providers of motor finance, surged on Tuesday after the Treasury submitted an application to th

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Guilford Savings to acquire Eastern Connecticut Savings Bank

ABA Community Banking

Guilford Savings Bank in Guilford, Connecticut, has applied with regulators to acquire Eastern Connecticut Savings Bank in Norwich. The post Guilford Savings to acquire Eastern Connecticut Savings Bank appeared first on ABA Banking Journal.

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Maintaining safe and secure digital payments requires all hands on deck

American Banker

Industry players, regulators and law enforcement will need to work together in 2025 to ensure that as Americans increasingly rely on digital payments, the fraudsters trying to take advantage of them are kept at bay.

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ABA Banking Journal’s annual compilation of challenges for a new year

ABA Community Banking

Investigating what is ahead for banks across multiple topics. The post ABA Banking Journals annual compilation of challenges for a new year appeared first on ABA Banking Journal.

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DECTA acquires EMV 3DS certification

The Paypers

DECTA achieves certification from the EMV 3DS 3.2.1.1 protocol for payment security and improved customer experience.

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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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Unsecured database exposes 240k records of Willow customers

American Banker

A security researcher found a database exposing names, addresses, and bills apparently belonging to Willow Pay, a fintech for short-term financing on bills.

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‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

TheGuardian

Having left the library behind, the once budding academic talks about building JP Morgans UK digital lender from scratch It all started in spring 2019, in a secret office on the seventh floor of JP Morgans London headquarters in Canary Wharf. Tucked behind the bustling staff canteen, at the end of a corridor that snaked past the office gym and in-house doctor, future Chase UK chief executive Kuba Fast was digesting the task ahead of him: helping build a new digital bank from scratch for the Wa

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Acquisitive Old National eyes growth in Midwest, Southeast

American Banker

The Indiana-based company grew fourth-quarter loans and profits in part because of an acquisition in Nashville, and it expects to bulk up further with a deal in Minnesota's Twin Cities that was among the largest announced in 2024.

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Visa partners with The Walt Disney Company EMEA

The Paypers

Visa has announced that it entered into a collaboration with The Walt Disney Company to provide additional offers and benefits to Disney fans across EMEA.

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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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TD eyes selling $9 billion of mortgages as it faces asset cap

American Banker

Toronto-Dominion Bank is looking to adjust its balance sheet to comply with a new cap imposed by U.S. regulators, part of a plea agreement reached last year for its role in failing to prevent money laundering.

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Ovoro simplifies automated crypto investing

The Paypers

Ovoro , a Finnish company, has introduced an app designed to simplify cryptocurrency investment through automation.

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FDIC exits Network for Greening Financial System

American Banker

The Federal Deposit Insurance Corp. Tuesday officially withdrew from an international regulatory body devoted to combatting climate-driven financial risks, following similar actions by other U.S. bank regulators.

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Plumery launches solution for loan disbursement in under three minutes

The Paypers

Plumery , a digital banking experience platform for customer-centric banking, has launched Digital Lending, a fully end-to-end digital loan origination journey.

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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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Schwab rises after earnings top estimates on record inflows

American Banker

Full-year revenue growth was 4%, surpassing the 3% to 3.5% guidance the firm gave in December. Charles Schwab expects revenue to increase by 13% to 15% this year.

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Omena partners Thought Machine

The Paypers

Thought Machine chooses Omena to help with embedded third-party risk and financial governance within its procurement processes.

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Fifth Third sees stable quarter, pays charge in years-long litigation

American Banker

The Midwest bank saw fees boost revenues, though most of its metrics told a story of stability in its fourth-quarter earnings report.

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El Salvador buys 12 Bitcoin despite IMF agreement

The Paypers

El Salvador has purchased 12 Bitcoin in the past two days, despite an earlier agreement with the International Monetary Fund ( IMF ) to reduce some of its cryptocurrency-related policies.

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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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Where Citi Ventures is placing its fintech bets in 2025

American Banker

Arvind Purushotham, head of Citi Ventures, shares where he and his team see opportunities and how they vet tech startups.

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CFPB directs Equifax to pay USD 15 million for credit reporting errors

The Paypers

The CFPB has taken measures against Equifax, the national consumer reporting agency, for its insufficient management of consumer dispute investigations.

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Capital One's five-day outage highlights third-party risk

American Banker

A power outage and hardware failure at fintech FIS last week delayed deposits and payments at 27 banks, including Capital One.

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Findi expands financial inclusion with Bankit acquisition

The Paypers

Findi , through its subsidiary TSI, has purchased Bankit Services Pvt for USD 18 million to strengthen its presence in India.

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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.