Accenture

APRIL 29, 2024

Early trials with generative AI show that the tangle of legacy code that hinders every aspect of the transformation of banks’ core products and services could be quickly and effectively resolved. By Alvaro Ruiz, Global Core Banking Lead, Accenture. At the heart of most traditional banks is a mainframe computer running the software that defines… The post Core banking modernization: Unlocking legacy code with generative AI appeared first on Accenture Banking Blog.

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Software 262

Payments Dive

APRIL 30, 2024

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

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Payments Industry 221

BankInovation

APRIL 29, 2024

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25.

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Jack Henry

APRIL 30, 2024

For many Americans, these are challenging financial times. Sixty-six million have low to moderate incomes, 51 million grapple with income volatility, and more than seven million are unbanked, navigating today’s troubled waters without the help of a local financial institution. Together, these high-risk households pay more than $250 billion in service fees.

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Cards Payments 88

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Commercial Lending USA

APRIL 29, 2024

Commercial construction to permanent loans make getting money for your dream project easy. You can get the amount that you need for your dream commercial space without all the hassles that come with other loan options.

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Lending 97

BankInovation

APRIL 29, 2024

Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month.

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Training Fraud Tools Strategy 116

Jack Henry

APRIL 29, 2024

Technology is making an impact on credit and risk management. Click to learn how credit risk tools can be sharpened to meet the demands of the work and make solid loan decisions.

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Risk Management Meeting Tools Management 88

TheGuardian

APRIL 30, 2024

Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report Shareholders have proved to be more successful at securing bumper payouts than workers have at winning higher pay, according to two studies that show dividends outstripping wages by a considerable margin in recent years. Oxfam said analysis of global data showed that dividend payments to shareholders over the last three years grew an average of 14 times faster than worker pay across 31 major economies.

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Payments Analysis Study Security 91

Payments Dive

APRIL 29, 2024

The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

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National Retail 221

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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ATM Marketplace

APRIL 30, 2024

Banks face challenges in modernizing card issuing to keep up with new competitors. Fintech disruptors and evolving consumer preferences could affect existing revenue streams, prompting urgency in card modernization.

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Cards Fintech 80

Jack Henry

APRIL 29, 2024

April is Financial Literacy Month, and that means it’s time to write your annual blog and social posts on the importance of understanding personal finances and making smart long-term planning decisions. And with 60% of Americans lacking the basic budget, financial plan, or savings , it’s time to rethink our strategy.

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Strategy 88

American Banker

APRIL 30, 2024

Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.

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Community Bank Community Compliance Regulation 83

Payments Dive

APRIL 30, 2024

After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.

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Seattle 221

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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BankInovation

APRIL 29, 2024

Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.

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Fintech Capital Management Payments 66

The Paypers

APRIL 29, 2024

The Bank of London has announced the launch of its GenAI assistant to address general and technical difficulties in real-time and aid enterprise API integration.

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American Banker

APRIL 29, 2024

Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.

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Marketing Policies 82

Realwired Appraisal Management Blog

APRIL 29, 2024

Let’s talk trust. Not the warm and fuzzy kind, but the kind regulators demand – the kind that keeps the FDIC and OCC off your doorstep with their clipboards and furrowed brows. In banking, trust boils down to risk management. You’ve got policies, procedures, a mountain of acronyms (KYC, AML, BSA, anyone?

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FDIC Risk Management Policies Regulation 59

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

BankInovation

APRIL 30, 2024

HSBC is restructuring the organization by leaving some geographic territories, investing in tech and — most recently — undergoing a leadership change. The bank is looking for a replacement for Chief Executive Noel Quinn, HSBC Chairman Mark Tucker announced during today’s first-quarter earnings call.

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Technology Leadership Retail 57

TheGuardian

APRIL 29, 2024

Bank says it has started search for a successor as it reports quarterly profits beat forecasts Business live – latest coverage The chief executive of HSBC, Noel Quinn, is unexpectedly stepping down after an “intense” five years in the role, as the bank reported better-than-expected profits. Europe’s largest bank has kicked off a search for a successor and said Quinn, 62, will stay in the post until a new chief executive is found.

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Report 58

American Banker

APRIL 29, 2024

Michigan State University Federal Credit Union is working with the relationship-based lending app Zirtue to offer members a tool for outlining lending agreements and repayment plans.

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Michigan Lending Tools Technology 80

The Paypers

MAY 1, 2024

The National Bank of Iraq has gone live with Temenos core banking and payments, aiming to develop new products faster and optimise the customer experience.

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National Customer Experience Payments 77

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

Marketing

BankInovation

APRIL 30, 2024

Santander Bank saved 50 million euros ($53.6 million) in the first quarter as the bank leaned into its tech investments for added efficiency.

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Technology Retail 62

ABA Community Banking

APRIL 29, 2024

The CDFI Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program. The post Applications available for Bank Enterprise Award Program appeared first on ABA Banking Journal.

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Community Bank Policies Community 52

American Banker

APRIL 29, 2024

GLS had already stopped issuing first-use plastic as of 2018, but it wasn't enough for the eco-minded German bank. Fake plastic still looks and feels like plastic.

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Meeting Cards Payments 83

Bussman Advisory

APRIL 27, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post Microsoft says cloud AI demand is exceeding supply | Apple offer to open up NFC payments access | Visa launches open banking with Tink in the US appeared first on Bussmann Advisory AG.

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Apple US Fintech Payments 52

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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