Payments Dive

JUNE 7, 2024

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

Illinois 440

Illinois Cards Taxes National 440

South State Correspondent

JUNE 5, 2024

The average return on equity (ROE) for the banking industry declined to 11.10% in Q1/24 (a 23 percent decline in the last year). For banks under $10B in assets, ROE declined to 10.53% in Q1/24 (an 11% decline in the last year). The typical published analysis considers the industry in aggregate which conflates the challenges and opportunities at community banks (those under $10B in assets).

Community Bank 195

Community Bank Community National Marketing 195

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Read some hot topics discussed by the conference's opening panel. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance.

Compliance 222

Compliance Community Bank Community Conference 222

Gonzobanker

JUNE 6, 2024

Add these action items to your card fraud checklist to strengthen your defenses. The hacker group ShinyHunters allegedly breached Ticketmaster’s data in late May 2024, including credit and debit card information for over 560 million consumers worldwide. That’s more than 2.5 times the prior largest breach of Experian a decade ago. So, what will happen to U.S.

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Fraud Data Cards Software 164

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Jack Henry

JUNE 7, 2024

Explore top insights from Jack Henry's 2024 Strategy Benchmark. Dive into key findings on financial benchmarks such as technology trends, metrics, & more.

Strategy 97

Strategy Trends Technology Analysis 97

BankInovation

JUNE 5, 2024

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.

Operations 110

Operations Data Technology 110

TheGuardian

JUNE 3, 2024

Insistence on investment purity misses the point and will only lead to a decline in arts sponsorship In a ranking of climate villains in the fund management industry, Baillie Gifford would surely come a long way down most people’s list. The Edinburgh-based firm preaches long-termism and its specialism is backing technology companies, especially those with kit to accelerate the transition to cleaner energy and transport.

Industry 109

Industry Management Technology Company 109

American Banker

JUNE 7, 2024

U.S. regulators need to do more to require banks to recognize the risks posed by climate change, and the damage that continuing to support fossil fuel extraction projects does to the environment.

Regulation 90

Regulation Compliance 90

ABA Community Banking

JUNE 3, 2024

ABA added NB Bancorp, headquartered in Needham, Massachusetts, to the ABA NASDAQ Community Bank Index, or ABAQ. The post NB Bancorp added to ABA NASDAQ Community Bank Index appeared first on ABA Banking Journal.

Community Bank 97

Community Bank Community Massachusetts 97

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Payments Dive

JUNE 5, 2024

The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

Payments 393

Payments Company 393

BankInovation

JUNE 7, 2024

AMSTERDAM — Consumers are more likely to interact with a business with a frictionless payment experience in place. Sixty-one percent of merchants say payments is a high area of focus, according to Discover Global Network’s “Payment State of the Union” report, released June 3.

Payments 63

Payments Survey Report 63

TheGuardian

JUNE 2, 2024

New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflation Borrowers in the eurozone and in Canada are expected to get some relief from high interest rates this week. After recent drops in inflation, the European Central Bank (ECB) and the Bank of Canada (BoC) are forecast to lower their benchmark rates in the coming days.

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American Banker

JUNE 6, 2024

Most banks are starting their generative AI experiments with closed-source models before progressing to open source. For some, the ultimate goal is to be model-agnostic.

Technology 83

Technology 83

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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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Realwired Appraisal Management Blog

JUNE 6, 2024

There’s an opportunity for appraisers with developers and investors to be a canary in the CRE coal mine. The buyer’s due diligence journey could START with an appraisal rather than at the end. No guess work. No wasted time. No wasted money.

Industry 59

Industry 59

Payments Dive

JUNE 3, 2024

Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.

Software 374

Software Tools Payments 374

BankInovation

JUNE 6, 2024

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift. The process will test the use of secure data-sharing for AI-driven fraud prevention, Joanne Hannaford, chief information officer and chief product officer of corporate bank at Deutsche Bank, said at Money2020 Europe on June 4.

Fraud 65

Fraud Data Security 65

TheGuardian

JUNE 4, 2024

Lender denies whistleblowers’ claim transactions worth $100bn were carried out in breach of sanctions Whistleblowers have claimed Standard Chartered allegedly carried out billions of dollars of previously undetected transactions for Iran-linked entities and terrorist organisations, according to a New York court filing. Two whistleblowers, who include a former executive at the British bank, filed a motion last week to set aside a judgment that dismissed an earlier lawsuit they filed, in an attemp

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New York US 83

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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.

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American Banker

JUNE 3, 2024

In this month's roundup of top banking news: a Supreme Court ruling on CFPB funding, TD Bank's money laundering woes, an FDIC workplace probe reveals a culture of misconduct and more.

FDIC 88

FDIC Cyber Security System Policies 88

ATM Marketplace

JUNE 4, 2024

Is cash on its way out or will it stick around for the future?

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100

Payments Dive

JUNE 3, 2024

Customers have multiple ways to access your products and brand, but do those experiences work together for their benefit—and yours?

Retail 343

Retail Branding 343

BankInovation

JUNE 6, 2024

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United States.

United States 63

United States Data Company Regulation 63

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

Bussman Advisory

JUNE 7, 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 How Apple fell behind in the AI arms race | Deutsche Bank ties up with Bitpanda in crypto shift | Robinhood to buy crypto firm Bitstamp for $200mThis week’s must-know stories in the FinTech, AI and Digital Asset space: appeared first on Bussmann Advisory AG.

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Apple Fintech blockchain Payments 52

American Banker

JUNE 4, 2024

Integrating artificial intelligence into banking operations needs to be done with a clear business purpose in mind, and the articulation of that purpose needs to come straight from the top of the organization.

Strategy 84

Strategy Operations Technology 84

TheGuardian

JUNE 4, 2024

Residents in areas without branches can withdraw and deposit cash with various high street banks using one machine The first in a planned wave of new “super-ATMs” allowing customers of multiple banks to make cash deposits and free withdrawals have opened for business. Described as a UK industry first, major high street banks have worked together to install “multi-bank deposit ATMs” that could offer a lifeline for residents and small businesses in areas that have in some cases lost all their bank

ATM 64

ATM Industry Community 64

Payments Dive

JUNE 7, 2024

The buy now, pay later provider now offers two 30-day payment plans; one that allows for full payment and another that splits a purchase in two, in addition to its “pay in four” offering.

Cards 195

Cards Payments 195

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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