Tue.Aug 20, 2024

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Building to Code in the Beehive State

Jack Henry

That’s a wrap on CU Build 2024! Click for your event recap, highlights, key moments, and to celebrate another successful year of vendor integration and client collaboration.

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Capital One, Citi plan to join FedNow in ‘near future’

Payments Dive

The two big banks say they’ll soon connect to the Federal Reserve’s new instant payment system, even as other major banks remain on the sidelines.

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How commercial card issuers can capitalize on the rise of virtual cards

Accenture

For decades, commercial cards have provided card issuers with high fee income and strong P&Ls. The market is growing and evolving, with virtual cards as the primary driver. Virtual cards, which offer businesses an efficient and secure way to make payments without a physical card, are considered to be a value-added service by businesses who… The post How commercial card issuers can capitalize on the rise of virtual cards appeared first on Accenture Banking Blog.

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BNPL providers won’t face penalties during transition to new CFPB rule

Payments Dive

CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.

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Back to Basics with Reconciliations

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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Bayesian yacht sinking: divers resume search for six missing people

TheGuardian

UK tech entrepreneur Mike Lynch and his daughter among those unaccounted for after vessel capsized off Sicily Sicily yacht sinking – latest news Specialist divers have launched a fresh search for six people missing after a superyacht capsized off the coast of Sicily including the British tech entrepreneur Mike Lynch and his teenage daughter. The British-flagged Bayesian, a 56-metre sailboat, was carrying 22 people and anchored just offshore near the port of Porticello when it was hit by a tornad

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ICX Summit: How sustainability impacts customer experience

ATM Marketplace

Shawn Nelson, founder and CEO of Lovesac, is a keynote speaker at the ICX Summit taking place Sept. 9-11 in Charlotte, North Carolina. His topic will focus on how sustainability impacts the retail customer experience.

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Rising Threats: Managing Fraud Risk

Jack Henry

The Jack Henry™ 2024 Strategy Benchmark highlights the latest risk, fraud, and security trends that can impact your financial institution over the next two years.

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ClearBank’s Jonny Fry featured fireside chat at Bank Automation Summit Europe 2024

BankInovation

Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1. The summit takes place Oct.

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Securing Catalyst Center: ISO Certified

Cisco

New security standards conformance for Catalyst Center highlights our team’s dedication to protecting your network and your data.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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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Transactions: FIs invest in credit decision platforms

BankInovation

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process. AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News.

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States are holding banks more accountable for elder fraud

American Banker

California has a pending law that would hold banks liable for three times losses if they had reason to suspect financial exploitation of an older customer and did nothing about it.

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Zaelab teams up with Shopify

The Paypers

Digital consultancy company Zaelab has announced its collaboration with Shopify , intending to merge their solutions and knowledge to offer B2B commerce solutions globally.

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Can AI combat complex cross-border payment crime?

American Banker

Banks are boosting their use of new machine learning to improve security risk, but securing international transactions presents a different set of challenges.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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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We’re Way More than a Legislative Fiat

Realwired Appraisal Management Blog

There’s a peculiar inertia in the world of valuation. It’s a world governed by ritual, the same HP12C, the same appraisal format and the same education. The valuation space struggles to be motivated towards entrepreneurial attitude, new tech and process.

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Bank CEO-turned-felon sentenced to 24 years in prison

American Banker

Shan Hanes, the former leader of Heartland Tri-State Bank, previously pleaded guilty to embezzling tens of millions of dollars in a cryptocurrency scheme that caused the Kansas bank's failure.

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Fed’s Bowman touts benefits of banks, CDFIs in rural communities

ABA Community Banking

Smaller banks, including community banks, are indispensable in providing access to financial products and services, especially in remote or rural areas of the U.S., Federal Reserve Governor Michelle Bowman said. The post Fed’s Bowman touts benefits of banks, CDFIs in rural communities appeared first on ABA Banking Journal.

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The election will change the face of bank regulation — eventually

American Banker

The new president will shape the direction of banking policy, but because financial regulators are more insulated from politics than many other areas, that transition will be gradual.

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It Takes Two to Tango

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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Keys to engaging communities and driving inclusive economic solutions

ABA Community Banking

A community conversations case study from KeyBank. The post Keys to engaging communities and driving inclusive economic solutions appeared first on ABA Banking Journal.

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Stepping out of the shadows to take on the Fed

American Banker

For half a century, the Shadow Open Market Committee has been one of the Federal Reserve's sharpest critics. After years of seeing its public profile wither, the group is eyeing a return to prominence.

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China's supreme court alters AML law to encompass virtual assets

The Paypers

The Supreme People’s Court of the People’s Republic of China (SPC) has reworked its interpretation of the region’s AML laws to include virtual asset transactions.

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There is some dubious data behind CFPB's medical debt reporting rule

American Banker

The Consumer Financial Protection Bureau has moved to ban medical debt from appearing on credit reports, but its analysis relies on a sliver of consumer data from more than a decade ago.

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The 2024 Lenders Guide to Automating the Complex Loan

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.

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Turkey's crypto market sees surge in license applications

The Paypers

Turkey's crypto market has grown as Coinbase , KuCoin , and others seek licenses under new regulations, with 76 companies listed by the Turkish Capital Markets Board.

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CRA lawsuit brings fissures between banking advocates to the forefront

American Banker

The industry-led legal challenge to new anti-redlining rules is opposed by some banks and consumer protection groups, who say the changes are necessary.

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Trustly partners with foodora

The Paypers

Open Banking payments provider Trustly has entered into a strategic collaboration with foodora to launch a new checkout service option for the latter’s customers.

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Brazilian bank finds profits in targeting older customers

American Banker

Agibank, a closely held Brazilian financial-technology firm, tripled its profit during the first half of the year while expanding its credit portfolio as default rates dropped.

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Confronting the Change Challenge

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.