Wed.Aug 07, 2024

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Mobile, digital banking adoption jumps in Q2

BankInovation

Financial institutions are investing in their mobile and digital experiences as consumers flock to online channels for self-service banking.

Mobile 74
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JPMorgan fires up biometric payments processing

Payments Dive

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

Payments 488
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How To Use Account Analysis Effectively (Part 1)

South State Correspondent

Data analytics combined with artificial intelligence is changing the strategy and tactics around account analysis and the analyzed checking account (which we will call a “transaction account”). In this two-part series, we want to explore the history, structure, and role of account analysis in Part 1 and then some insights and tactics on increasing bank profitability while benefiting the commercial customer.

Analysis 195
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Toast aims to move beyond restaurants

Payments Dive

The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

Payments 459
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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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Bank allies say FDIC brokered deposit plan reflects outdated thinking

American Banker

Industry experts argue that the Federal Deposit Insurance Corp.'s recent brokered deposit proposal, which would expand the classification of brokered deposits and reverse key elements of a 2020 rule, reflects outdated thinking and may discourage banks from holding such deposits.

FDIC 90

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Two banks explain why they are going the BaaS 'middleware' route

American Banker

Lincoln Savings Bank and Vantage Bank are two new clients of banking-as-a-service provider Unit. They say it improves their ability to 'go direct' rather than hinder it.

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Anti-scam measures cut scam losses for CommBank customers in half

The Paypers

CommBank has called on all banks, telcos, and social media companies to join the process of protecting Australian customers from scams, as there is more to do across the market.

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Stablecoins draw new tech; Monzo entices U.S. consumers

American Banker

The Bank of England and the Bank for International Settlements have built a gauge to measure stablecoin reserves, and U.K. challenger bank Monzo is offering a bonus interest rate.

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Hoping Remote Work Goes Away Isn’t a Strategy

Realwired Appraisal Management Blog

No bank wants the keys to office collateral. How do you reduce special assets/REO/workouts? Consider a strategic response and provide next-level relationship banking. Now’s the time to help your office borrowers with consulting. Your RMs have the time. Sweating Over Office Loans?

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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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Riding a strong regional economy, a Georgia bank plans more branches

American Banker

First National Community Bank CEO Ryan Earnest said his institution would likely use its entry into Paulding County, an Atlanta suburb, as a template for future expansion.

Georgia 77
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Caring for the ‘future’

BankUnderground

David Glanville and Arif Merali Short term interest rate (STIR) futures are the bedrock of interest rate markets, used to price expectations of central bank policy rates and other UK rate derivative markets such as swaps and options (see Figure 1). They are key for the transmission of monetary policy and provide an avenue for interest rate risk hedging which is important for financial stability.

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How CDFIs can help fix America's housing affordability crisis

American Banker

The same creativity and flexibility that community development financial institutions bring to business lending ought to be applied to financing affordable housing.

America 65
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Revolut and Tikkie simplify payments in the Netherlands

The Paypers

Revolut has integrated Tikkie , a popular Dutch payment app, to make it available to its Netherlands-based customers.

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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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Blackstone Targets Richer Clients Than Its Rivals for a New Fund

American Banker

The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments

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Mondu BV receives an EMI licence from DNB

The Paypers

Germany-based B2B BNPL payment provider Mondu BV has announced that it obtained an Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB).

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The 5 Use Cases for Adding Generative AI to Your CX Strategy

The Financial Brand

This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand. Discover how to implement AI in customer experience without losing the human touch. Qualtrics' report offers a practical four-step playbook for success. This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand.

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Orenda joins forces with Tribe

The Paypers

UK-based Embedded Finance platform Orenda has announced that it selected Tribe to integrate its issuer processing solutions.

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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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Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There

The Financial Brand

This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand. Early retirement seems just out of reach for many – and will remain there for most. This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand.

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Pine Labs launches UPI-focused payments platform

The Paypers

Pine Labs , an India-based merchant platform that provides payment solutions and Axis Bank have recently launched UPISetu, an UPI-focused payments platform for businesses and developers.

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Citigroup's trading division hit with fresh toxic-culture claim

American Banker

A female employee is now suing ICAP and Citigroup, alleging she was subjected to years of unwanted sexual attention and threats by a Citi trader.

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81% of survey participants see AI fraud as a new threat

The Paypers

Deduce, a patented technology platform together with Datos Insights has released a study showing trends in identity fraud growth within the financial industry.

Fraud 41
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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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J.P. Morgan Payments expands its partnership with PopID

The Paypers

J.P. Morgan Payments has announced that it expanded its collaboration with PopID to deploy in-store biometric payments to support merchants across the US.

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WorldFirst and Walmart aid China ecommerce sellers

The Paypers

WorldFirst , a digital payment and financial services platform has partnered with Walmart to help China-based ecommerce sellers collect funds from Walmart Marketplace.

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finova Broker integrates Cashflows for digital payment processing

The Paypers

finova Broker , previously known as eKeeper Group and now a part of finova, has announced the integration of Cashflows , a platform that facilitates digital payment acceptance.

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Mox Bank launches crypto ETF trading

The Paypers

Hong Kong-based virtual bank Mox Bank , a subsidiary of Standard Chartered , has launched spot Bitcoin and Ether ETF trading to customers.

Bitcoin 36
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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.