Payments Dive

JULY 12, 2024

The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

Report 390

Report Retail Marketing 390

BankInovation

JULY 12, 2024

Citigroup’s multiyear modernization strategy saw progress in the second quarter as the bank’s tech investments proved more necessary after the Federal Reserve Board penalized the bank this week. “We have made meaningful progress in executing our transformation and simplifying our multiyear undertaking,” Chief Executive Jane Fraser said during the $2.

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Course Strategy Data Retail 123

Payments Dive

JULY 12, 2024

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

Fraud 433

Fraud Payments Data 433

ATM Marketplace

JULY 12, 2024

Regina DeMars at First National Bank of Omaha and this year's keynote speaker for the Bank Customer Experience Summit, shared how banks can develop content that works.

Customer Experience 111

Customer Experience Omaha Strategy National 111

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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.

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TheGuardian

JULY 12, 2024

Scams underline risks of banking on mobile, with not all lenders prepared to refund victims The risks of doing banking on your mobile handset have been underlined by the stories of Guardian Money readers who had their mobiles taken over by fraudsters, who then emptied their bank accounts. In recent months, Guardian Money has become increasingly alarmed at how often people are reporting that their mobile phone account has been taken over – with O2 our most complained-about provider.

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Mobile Report Fraud 111

BankUnderground

JULY 12, 2024

Derrick Kanngiesser and Tim Willems This post describes a systematic way for central banks to employ past forecasts (and associated errors) with the aim of learning more about the structure and functioning of the economy, ultimately to enable a better setting of monetary policy going forward. Results suggest that the Monetary Policy Committee’s (MPC’s) inflation forecast has tended to underestimate pass-through from wage growth to inflation, while also underestimating the longer-term

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Policies Exercises Strategy Examples 81

American Banker

JULY 12, 2024

Fizz offers a card that enables undergrads to slowly build a debt record based on healthy spending habits, providing an alternative as regulators pressure how financial services are marketed to that demographic.

Regulation 83

Regulation Payments Cards Marketing 83

BankInovation

JULY 12, 2024

JPMorganChase has achieved straight-through processing to share loan data and improve efficiencies, reduce errors and delays in loan processing. Straight-through processing (STP) allows JPMorgan to digitize all information flowed on Versana, a syndicated loan platform, ranging from emails to faxes.

Resources 74

Resources Data Retail 74

American Banker

JULY 12, 2024

With Americans suffering from high housing costs and declining supply, we cannot afford to watch a massive government-sponsored enterprise sit on billions in retained earnings.

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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

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BankInovation

JULY 12, 2024

Wells Fargo is improving its customer experience with investments in branch technology and enhanced self-service options. “We continue to optimize and invest in our branch network,” Wells Fargo Chief Executive Charlie Scharf said during today’s second-quarter earnings call.

Customer Experience 72

Customer Experience Technology Retail 72

American Banker

JULY 12, 2024

The megabank is working with the digital lending fintech Numerated to automate transferring and analyzing important financial data from borrowers.

Lending 85

Lending Fintech Data Management 85

BankInovation

JULY 12, 2024

German bank Solaris SE faces financial penalties if it doesn’t meet deadlines for fixing controls, after failing to do so for years, according to Bloomberg.

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Fintech Meeting Regulation Retail 72

American Banker

JULY 12, 2024

First Internet Bank and Nbkc bank are among those exploring ways to automate the traditionally manual task of verifying business customers.

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Fintech Compliance Technology Regulation 87

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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.

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Bussman Advisory

JULY 12, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post Apple reaches EU deal on NFC payments | Deutsche Bank’s DWS moves toward first German-regulated euro stablecoin | Bain to buy Envestnet for $4.5B appeared first on Bussmann Advisory AG.

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Apple Regulation Payments Fintech 52

ABA Community Banking

JULY 12, 2024

Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration. The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal.

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Community Regulation FDIC Community Bank 52

American Banker

JULY 12, 2024

Each of the megabank's five business lines reported an uptick in profits for the second quarter of 2024. Growth in Citi's banking segment, which includes investment banking, was particularly robust, up 30% year over year, the company said Friday.

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Report Company 64

The Paypers

JULY 12, 2024

Datapro , a core banking systems and digital solutions provider, has teamed up with Mastercard to expand the integration of Mastercard Cross-Border Services across LATAM.

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Payments System 53

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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.

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American Banker

JULY 12, 2024

Chairman and CEO Jamie Dimon said while the economic outlook is 'benign,' the bank remains 'vigilant about potential tail risks.

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The Paypers

JULY 12, 2024

Nuvei has partnered with Mastercard to launch a new off-ramping solution, enabling consumers in Europe to convert digital assets to fiat via prepaid, credit, and debit cards.

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Cards 45

American Banker

JULY 12, 2024

The New York-based company saw assets under custody and management jump, driving strong increases in both fees and overall revenues for the quarter ending June 30.

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New York Management Company 41

The Paypers

JULY 12, 2024

Global financial software application provider Finastra has announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project.

Software 45

Software Payments 45

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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.

Lending

American Banker

JULY 12, 2024

After its planned sale to a larger competitor fell through, the renamed bank plans to expand into new markets, starting with St. Louis.

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St. Louis Chicago Marketing Community Bank 36

The Paypers

JULY 12, 2024

Bank payment company GoCardless has entered a collaboration with ICE InsureTech to deliver optimised payment collection to insurance companies in Australia and New Zealand.

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Payments Company 41

American Banker

JULY 12, 2024

The discussion will delve into strategies for future-proofing technology investments, focusing on how to extend existing systems to harness the potential of AI while maintaining resilience. Join us to discuss how to evaluate platforms that deliver tangible value in a matter of months, considering factors such as scalability, flexibility, and integration across various business areas.

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Strategy How To US System 28

The Paypers

JULY 12, 2024

The Lithuanian Crime Investigation Service (FNTT) has hit crypto payment service Payeer with a EUR 9.29 million fine fir violating Anti-Money Laundering regulations.

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Regulation Payments 41

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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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