Mon.Oct 14, 2024

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Putting the "Community" Into Community Banking

Jeff For Banks

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself a "Main Street Bank." Citadel Credit Union's website is CitadelBanking.com. One of my Navy division officers once told me, "Be careful pointing fingers, because the rest are pointing back at you.

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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Worldpay taps Aeropay for gaming payments assist

Payments Dive

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

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How Banks Create Liquidity Risk for Borrowers

South State Correspondent

In a previous article, we discussed how a loan’s maturity and amortization impacts credit risk and profitability from the bank’s perspective ( HERE ). In that article, we pointed out that the average commercial loan term at community banks has been decreasing and is now between 3.5 and 4.5 years. Much of the explanation for the decrease in term comes from the misconception that term rates or credit spreads will decrease when the Federal Reserve lowers short-term interest rates (there is no dire

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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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Barclays replaces Goldman Sachs as GM card issuer

Payments Dive

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

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More Trending

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Safaricom extends its M-PESA Global service to Ethiopia

The Paypers

Safaricom has extended its M-PESA Global solution to Ethiopia in order to allow customers to make mobile money transactions from Kenya to Ethiopia.

Mobile 78
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Will the CRA political football be kicked to the Supreme Court?

American Banker

Regulatory justice prevailed with a federal district court injunction staying the politically motivated CRA final rule, the most complicated and convoluted regulation ever. Depending on election results, it may end up in the Supreme Court.

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Alternative Airlines adds crypto payments with Triple-A

The Paypers

Alternative Airlines , a flight search and booking platform, has announced its partnership with Triple-A , a licensed digital currency payment provider.

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3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking

The Financial Brand

This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking appeared first on The Financial Brand. The banking triple threat: Digital prowess, instant payments and AI insights. Is your institution ready to lead the financial revolution? This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking appeared first on The Financial Brand.

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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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Alchemy Pay adds Samsung Pay for virtual cards integration

The Paypers

Alchemy Pay , a cryptocurrency payment provider, has announced an update to its virtual card service, integrating Samsung Pay.

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FINRA navigates 'AI washing' as firms roll out client-facing gen AI 

American Banker

As more companies tout gen AI offerings, regulators are closely watching to see if what they say matches what they do.

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Deutsche Bank launches dbX

The Paypers

Germany-based financial institution Deutsche Bank has announced the launch of dbX, intending to advance the capabilities of its integrated correspondent banking ecosystem.

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Chase Amps Up Its Community Banking Push. Can Other Brands Compete?

The Financial Brand

This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand. Chase continues to push aggressive branching in its quest to blanket the country. The sheer scale of its ambitions could smother competitors. This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand.

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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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Commvault scales Google Cloud support

The Paypers

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has expanded its relationship with Google Cloud by launching Commvault Cloud Backup & Recovery for Google Workspace.

Google 41
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Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech

The Financial Brand

This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand. Letting technology flow in both directions can marry the best of banking and fintech. This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand.

Fintech 34
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G7 integrates Alipay+ with PayXpert

The Paypers

G7 has integrated Alipay+ in order to enable customers in France to make secure cross-border payments with their preferred wallet, in collaboration with PayXpert.

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Apple 309
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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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Mastercard scales its Identity Attribute Verification services

The Paypers

US-based Mastercard has announced the pilot launch of its Identity Attribute Verification service in several European countries to allow businesses to verify customer identity attributes more securely.

US 41
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Existential Crisis: Can You Afford Both Avocado Toast and Retirement?

BankBazaar

Can you really afford both avocado toast and retirement or is your brunch habit setting you up for a lifetime of instant noodles? In this light-hearted piece, we explore the age-old question: Are millennials sabotaging their future with slices of avocado toast? Spoiler: it’s not the avocado’s fault. Let’s face it, nothing says “millennial” quite like the paradox of craving financial independence while simultaneously shelling out ₹300 for a slice of avocado toast.

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Orbital achieves the SOC 2 Type 2 compliance

The Paypers

Orbital has achieved SOC 2 Type 2 compliance, a process which was verified through a rigorous audit by the CPA firm A-LIGN.

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Revolut unveils fast terminal in UK and Ireland

The Paypers

Revolut has launched its new Revolut Terminal payment device in the UK and Ireland.

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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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Revolut introduces eSIMs in New Zealand to prevent roaming charges

The Paypers

Revolut , a global financial app, has declared that it is now providing its customers in New Zealand with eSIMs and global data plans.

Data 36
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TOKEN secures authorisation from NBR and becomes a payment institution

The Paypers

Token Payment Services ( TOKEN ) has announced that it obtained its authorisation from the National Bank of Romania (NBR), allowing the company to accept online payment operations at physical POS.

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iDenfy partners with GlolinkOTC to integrate KYC/AML solutions

The Paypers

iDenfy has announced its partnership with GlolinkOTC to assist in delivering an improved onboarding experience for users of its fiat-to-crypto exchange service.

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AFS Partners with Zand Bank to empower fintech innovation

The Paypers

AFS has announced its partnership with UAE’s Zand Bank in order to provide fintechs processing services and the latter’s BIN Sponsorship and banking facilities.

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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.