Accenture

MAY 2, 2024

Spring is a time when most people, bankers included, take a fresh look at the challenges they face and tackle them with renewed vigor. Commercial banking should be on this year’s spring-cleaning list. While it is often the bank’s largest revenue generator, its processes continue to be highly manual, constraining the potential for profit growth.… The post The time for generative AI in commercial banking is now appeared first on Accenture Banking Blog.

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Banking Trends Trends 474

Payments Dive

MAY 2, 2024

The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.

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Payments Operations 365

Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

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Lending Strategy Analysis Policies 221

BankInovation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

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Fraud Cards Security 117

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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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TheGuardian

MAY 2, 2024

Changes will allow the investment bank’s star performers to earn up to 25 times their annual salary Goldman Sachs has told hundreds of its top UK bankers that it is eradicating a cap on bonuses, in a move that will allow its star performers to earn up to 25 times their annual salary. Richard Gnodde, chief executive of Goldman Sachs International, made the announcement during a video message to staff on Thursday.

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Video Regulation 95

BankInovation

MAY 2, 2024

ING Bank is improving its digital capabilities and offerings as it posted growing mobile banking adoption in the first quarter. The bank is prioritizing delivering “a superior customized digital experience that is personal, easy, relevant and instant,” Chief Executive Steven van Rijswijk said during the digital bank’s first-quarter earnings call today.

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Digital Banking Mobile Report Retail 68

American Banker

MAY 2, 2024

The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.

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Report Company Technology 90

TheGuardian

MAY 2, 2024

John Duff Lowe, who has died aged 81, was a pianist on the first record that Paul McCartney, John Lennon and George Harrison made together, in 1958, as the Quarrymen. Despite his rock pedigree, Duff, as he was affectionately known, spent most of his life working in banking and financial services. His piano playing on McCartney and Harrison’s song In Spite of All the Danger featured at the start of Peter Jackson’s 2022 documentary The Beatles: Get Back.

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American Banker

MAY 2, 2024

What's the point of regulatory capital rules that ignore demonstrated problems, like unrealized losses? We need to rethink what banks' disclose to investors and regulators.

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Capital Regulation Compliance 77

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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The Paypers

MAY 2, 2024

Juniper Research has published a new study showing that instant payment transactions are set to surpass USD 58 trillion globally by 2028, competing with card payments.

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Payments Study Cards 50

American Banker

MAY 2, 2024

Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.

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Strategy Capital Industry Lending 70

The Paypers

MAY 2, 2024

Liquid Noble has partnered with iDenfy in order to leverage its KYC solution and stop digital asset fraud in line with the latest compliance regulations.

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Compliance Fraud Regulation 45

American Banker

MAY 2, 2024

Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.

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Community Bank Community Lending 36

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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The Paypers

MAY 2, 2024

Outpayce , the venture launched in 2023 to revolutionise Amadeus ’ travel payments sector, has obtained an e-money institution (EMI) licence from the Bank of Spain.

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Regulation Security Payments 41

American Banker

MAY 2, 2024

Toronto-Dominion failed to submit suspicious-transaction reports in cases where it was reasonable to suspect the transfers were tied to money laundering or terrorist financing, along with other violations, according to the Financial Transactions and Reports Analysis Centre of Canada.

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Analysis Report Compliance Regulation 36

The Paypers

MAY 2, 2024

Viva.com has announced its partnership with Satispay in order to grow the alternative payment options for merchants in Italy, France, and Luxembourg.

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Payments 41

American Banker

MAY 2, 2024

The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.

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Marketing Payments 36

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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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The Paypers

MAY 2, 2024

The PCI Security Standards Council (SSC) has announced plans to extend its operations to the Middle East, aiming to tackle the growing threat of payment card fraud in the region.

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Fraud Security Payments Regional 36

The Financial Brand

MAY 2, 2024

This article Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language? appeared first on The Financial Brand. A good book title would be 'Fintechs are from Silicon Valley, Banks are from South Dakota.' But how can both sides write a happier next chapter? This article Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language?

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South Dakota Fintech Branding Banking Trends 39

The Paypers

MAY 2, 2024

Airwallex has formed a partnership with BILL , a financial operations provider, to optimise its payment offerings for SMBs by integrating Airwallex’s local transfer capabilities.

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Payments Operations 36

The Financial Brand

MAY 2, 2024

This article April Banking People Moves: Who Stayed, Left and Got Promoted appeared first on The Financial Brand. Citi nabbed executives from Merrill Lynch and Blackrock, two CFOs were fired for nefarious reasons, Verve Credit Union recruited a KeyBank veteran and more. This article April Banking People Moves: Who Stayed, Left and Got Promoted appeared first on The Financial Brand.

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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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The Paypers

MAY 2, 2024

The European Parliament has recently approved a series of legislative measures aimed at bolstering the European Union 's capabilities in combating money laundering and terrorist financing.

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The Paypers

MAY 2, 2024

Global full-cycle verification platform Sumsub has partnered with Travel Rule compliance solution CODE.

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Compliance 45

The Paypers

MAY 2, 2024

US-based financial services provider Atomic has announced a reseller partnership with Lumin Digital , a cloud-native digital banking solution.

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Digital Banking US 36

The Paypers

MAY 2, 2024

UK-based international payments and expenses provider Volopa has unveiled its latest endeavour: an integration with Microsoft Dynamics 365.

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Payments 36

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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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