Sat.Dec 07, 2024 - Fri.Dec 13, 2024

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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti

Fraud 195
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Banking's Top 5 Total Return to Shareholders: 2024 Edition

Jeff For Banks

There have been some humbling moments in Top 5 recognitions, with some award recipients failing and one voluntarily liquidating. Although we seek long-term performance in our 5-year lookback to mitigate the risk of banks that stoke performance with risky bets, we are reminded that banking is a long game. Business models built to endure do so over different economic cycles.

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Banks tackle Q3 hurdles, look to Q4 for earnings growth

American Banker

The Federal Reserve's interest-rate cut came too late in the third quarter for banks to capitalize on. Leaders say the fourth quarter will yield better growth.

Capital 81
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PayPal to boost prices for merchants

Payments Dive

The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

Payments 436
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Next Up

Gonzobanker

The stage is set for a massive leadership transition that will reshape the foundation of the banking industry. Picture this: atidal wave of change comes crashing over the financial services industry, sweeping away the old guard and ushering in a new era of leadership. Fiction? Not if you trust various Industry experts who predict that half of all board and senior management positions will turn over to fresh facesby the end of 2025.

More Trending

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Supreme court grants permission for appeal against UK car finance ruling

TheGuardian

Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential 30bn compensation bill. The decision gives Close Brothers and the MotoNovo owner FirstRand a chance to overturn a shock ruling by the court of appeal in October which said that paying secret commission to car dealers witho

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Shift4 merges with Eigen

Payments Dive

Shift4 quietly updated its website in recent days to say that Eigen Payments is now a part of the payments processing company.

Payments 412
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Steven King's SSIS 2024 keynote demonstrates how automation, AI, robotics are transforming industry

ATM Marketplace

Addressing a crowd of business leaders and industry operators, King shared his insights into the evolving landscape of automation, robotics, and artificial intelligence, emphasizing the importance of balancing technological ambition with practical implementation.

Industry 138
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Deciphering Bank Customer Intent with AI in 4 Steps – Part 1

South State Correspondent

If you are conducting bank strategy or marketing around demographic information, at best you are being lazy and ineffective. At worst, you are being sexist, ageist and a bunch of other names that can hurt your culture and reputation while wasting your marketing budget. In this age of data, getting to the Holy Grail of marketing understanding the intent of what the customer is a three-month project away.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Claims management companies circle after UK court ruling on mis-sold car finance

TheGuardian

Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation A cloud of anxiety was hanging over the British Motor Museum. Alongside showrooms featuring the 1988 Le Mans-winning Jaguar XJR-9 and the Land Rover Defender used in opening scenes of the James Bond film Skyfall, were conference rooms filled with worried lawyers, bankers and compliance staff from across the motor lending industry.

Company 68
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Ex-TD employee charged in debit card case

Payments Dive

The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.

Cards 370
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Should financial institutions consolidate to 1 vendor?

ATM Marketplace

In today's podcast, experts from Oregon Community Credit Union and Cook Solutions Group discussed vendor management and made the case for switching to one vendor.

Oregon 118
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Wealth Management Is Transforming. Which Banks and Challengers Will Come Out on Top?

The Financial Brand

This article Wealth Management Is Transforming. Which Banks and Challengers Will Come Out on Top? appeared first on The Financial Brand. With an imminent, massive wealth transfer expected over the next twenty years, banks and challengers must position themselves to meet the needs of a new breed of customer. This article Wealth Management Is Transforming.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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PR Lessons from Wicked: Crafting Stories That Defy Gravity

William Mills

The highly anticipated Wicked film is more than just a blockbuster adaptation of a Broadway classicits a masterclass in thoughtful storytelling, an exploration of complex relationships, and a testament to the power of embracing individuality.

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Banks scramble to meet new ISO standard

Payments Dive

“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.

Meeting 364
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Open banking is here, but consumers need to know why it matters

American Banker

The industry should rally behind the Financial Data Exchange, which has stepped up to help develop standards and governance protocols for open banking in the United States.

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Financial Checkup Guide: Close the Year with Clear Goals

Ublocal

Year-End Financial Checkup: Are You on Track? The end of the year isnt just made for celebrations, its a time to take a look at your finances and see where you stand. We dont just mean a quick glance at your savings and checking accounts, a financial review means assessing your financial progress and setting goals for the new year. Why Budget Reviews Matter A budget review means taking a close look at your income and spending over the past year.

Taxes 75
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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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AI Hype in Banking Cools as Skepticism Grows

The Financial Brand

This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand. Concerns over the inaccuracies of generative AI tools have dampened some of the enthusiasm surrounding the technology. This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand.

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Klarna, eBay for European expansion

Payments Dive

The Swedish buy now, pay later provider is expanding with the global marketplace company as it contemplates a U.S. initial public offering.

Company 361
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4 reasons banks are unlikely to make Synapse end users whole

American Banker

Customers of fintechs affected by Synapse's bankruptcy have been waiting since May for money they had in their accounts, and $65 million to $85 million still appears to be missing.

Fintech 83
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Quarterly Banking Profile: Banking net income $65.4 billion in Q3 2024

ABA Community Banking

The banking industry reported net income of $65.4 billion in the third quarter of 2024, a decrease of $6.2 billion, or 8.6%, from the prior quarter, according to the FDIC. The post Quarterly Banking Profile: Banking net income $65.4 billion in Q3 2024 appeared first on ABA Banking Journal.

FDIC 52
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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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Young Professionals Lead Consumer Spending Shifts While Middle-Income Households Face Pressure

The Financial Brand

This article Young Professionals Lead Consumer Spending Shifts While Middle-Income Households Face Pressure appeared first on The Financial Brand. New data from Bank of America suggests that consumer priorities and economic behaviors are increasingly driven more by income level than by generational cohort. This article Young Professionals Lead Consumer Spending Shifts While Middle-Income Households Face Pressure appeared first on The Financial Brand.

America 28
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Perficient Named as a Major Player for Worldwide Adobe Experience Cloud Professional Services

Perficient

Were pleased to announce that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Adobe Experience Cloud Professional Services 2024-2025 Vendor Assessment (Doc #US51741024, December 2024). We believe this recognition is a testament to our commitment to excellence and our dedication to delivering top-notch Adobe services to our clients.

Study 221
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International banks stumble in Q4 earnings amid credit hurdles

American Banker

Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.

Taxes 78
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Massachusetts banks announce merger

ABA Community Banking

Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell. The post Massachusetts banks announce merger appeared first on ABA Banking Journal.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!