Mon.Jun 24, 2024

article thumbnail

The impact of generative AI in banking

Accenture

Following the release of our new report, “The age of AI: Banking’s new reality”, I sat down with my team to discuss how generative AI is reshaping the banking industry. It sparked an interesting conversation about current adoption journeys, strategic priorities, and the exciting possibilities ahead for banks. I thought I’d share some of the… The post The impact of generative AI in banking appeared first on Accenture Banking Blog.

Industry 369
article thumbnail

Why a Visa-Mastercard settlement is likely to fall short

Payments Dive

The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

Cards 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

EU-regulated ‘sustainable’ funds invest £14bn in biggest polluters

TheGuardian

Investigation finds funds touting ethical credentials include fast fashion labels and fossil fuel companies Fast fashion labels, fossil fuel companies and SUV-makers are present in EU-regulated “sustainable” funds that tout their ethical credentials in their names, the Guardian and media partners can reveal, with $18bn (£14bn) of their investments going to the 200 biggest polluters.

article thumbnail

Vertical software platforms are closing the financing gap for SMBs

Payments Dive

Discover how vertical software platforms are stepping in to fulfill the financing needs of SMBs.

Software 396
article thumbnail

How to Create Sales Email Sequences That Convert

Modern go-to-market teams know it takes more than one email to break through the noise. Multiple touchpoints means more ways to get your pitch right — and, potentially, more ways to be wrong. The good news? Once you know how to write compelling, one-off emails to entice prospective customers, you can easily do the same across a short sequence of emails.

article thumbnail

Bridge Lending Solutions for Commercial Real Estate

Commercial Lending USA

Time is significant in the fast-paced world of commercial real estate. But what do you do when a great chance comes up but your stable bridge lending solutions still need to be implemented?

Lending 97

More Trending

article thumbnail

'I'm left with nothing': Life inside the Synapse collapse

American Banker

Customers caught up in the Synapse bankruptcy are met with deafening silence from Washington as they discover their savings — or what is left of them — are held in accounts that fall between the cracks of the bank regulatory apparatus.

article thumbnail

An optimal payment experience is the new essential for billers

Payments Dive

Businesses that rely on recurring billing with legacy payment processes may be missing a crucial opportunity to generate return business.

Payments 221
article thumbnail

Chasing (and Catching) Deposits: How Business Banking Tools Create an Edge

Jack Henry

Growing and replacing deposits is a top priority for U.S. banks and credit unions: 72% of bank CEOs and 44% of credit union CEOs say growing deposits is paramount.

Tools 74
article thumbnail

Fed extends public comment period for expansion of payment services

Payments Dive

The Federal Reserve said last week that it will give the public two more months to comment on its plan to expand operating hours for its two large-value payments services, the Fedwire Funds Service and the National Settlement Service.

Payments 195
article thumbnail

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.

article thumbnail

The CFPB finds nonexistent problems, threatening services users value

American Banker

The Consumer Financial Protection Bureau's attacks on credit card reward programs don't square with the fact that the vast majority of consumers are very satisfied with their service.

Cards 74
article thumbnail

Transak lists PayPal's stablecoin PYUSD

The Paypers

US-based Web3 onboarding infrastructure provider Transak has listed PayPal USD (PYUSD) to increase its availability across Web3.

US 73
article thumbnail

American Banker news quiz: June 24

American Banker

See how familiar you are with potential changes to the Consumer Financial Protection Bureau's rulemaking ability, the Synapse bankruptcy, industry turnover of chief financial officers and more.

article thumbnail

AtData partners with Dodgeball

The Paypers

AtData , a provider of email address intelligence, has announced a strategic partnership with Dodgeball , a unified identity platform focused on user verification and fraud prevention for businesses.

Fraud 68
article thumbnail

Foundational ABM Building Blocks

Account-based marketing (ABM) is a key strategy for driving sustainable growth. Today, many B2B companies use ABM teams or technologies to make sales. But getting a program off the ground successfully doesn’t have to be a daunting task. Watch this webinar with Rachael Foster, Director of Account-Based Experience at ZoomInfo, and Dan Dolph, Manager of Account-Based Experience at ZoomInfo.

article thumbnail

Gen AI pioneer: Sathish Muthukrishnan

American Banker

The chief information, data and digital officer at Ally Financial is one of American Banker's 2024 Innovators of the Year.

article thumbnail

Navigating Cybersecurity and Regulatory Challenges in Financial Services

Cisco

Cisco Live 2024! The event brought together 21,000 industry leaders and technology enthusiasts. This year we had the opportunity to share how our customers can accelerate digital transformation, fortify tech infrastructures, and enhance observability and vulnerability management for financial institutions.

article thumbnail

Bank M&A deals substantially bigger in 2024

American Banker

There were 27 bank acquisitions worth $5.45 billion announced in the second quarter as of mid-June. That was more than the $5.2 billion combined value of deals announced over the previous five quarters.

article thumbnail

Navigating Cybersecurity and Regulatory Challenges in Financial Services

Cisco

Cisco Live 2024! The event brought together 21,000 industry leaders and technology enthusiasts. This year we had the opportunity to share how our customers can accelerate digital transformation, fortify tech infrastructures, and enhance observability and vulnerability management for financial institutions.

article thumbnail

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

article thumbnail

Inside look: BNY Mellon’s Pershing X product pipeline

BankInovation

BNY Mellon looks to client feedback and demand when planning the product pipeline within its technology arm, Pershing X. “We’re hearing feedback from our clients, and we’re delivering solutions based on what we’re hearing,” Noam Tasch, head of revenue at Pershing X, told Bank Automation News.

article thumbnail

EU SMEs positive on instant payments regulation, Swift says

The Paypers

Swift has released research findings indicating positive sentiment among SMEs in the European Union towards the EU’s Instant Payments Regulation.

article thumbnail

Using AI to make credit accessible: Leslie Gillin

American Banker

The chief growth officer at Pagaya is one of American Banker's 2024 Most Influential Women in Fintech.

Fintech 48
article thumbnail

U.S. Bank cautiously deploying AI for SMBs

BankInovation

U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to improve their operations. “By no means is it as easy as just deploying AI into the ecosystem without taking into consideration some of the challenges it comes with,” Shruti Patel, chief product officer for business banking, told Bank Automation News.

article thumbnail

AI in Sales: How AI is Transforming Go-to-Market

How will generative AI transform sales? It’s a question that promises to drive billions of dollars in revenue opportunities over the next five to 10 years. And if you’re not leveraging AI solutions in your go-to-market motions, you’re already behind. In this eBook, we’ll cover: How today’s top sales leaders are incorporating AI into their go-to-market motions.

article thumbnail

Depositing success: Christina Riechers

American Banker

The former head of Square Banking at Square is one of American Banker's 2024 Most Influential Women in Fintech.

Fintech 45
article thumbnail

FreeBnk and E Money Network join forces to bring IBAN to the blockchain

The Paypers

FreeBnk has partnered with E Money Network , a MiCA-compliant modular chain built for tokenising real-world assets.

article thumbnail

Preparing for ISO 20022: What banks need to know

American Banker

As many financial institutions around the world prepare to adopt the ISO 20022 standard for sending international payments by March of 2025, experts say banks failing to make timely preparations could risk losing some customers and payments volume.

article thumbnail

dLocal joins forces with KCB Group

The Paypers

Cross-border payment platform specialised in high-growth markets dLocal has entered into a partnership agreement with the KCB Group.

Groups 41
article thumbnail

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.