The Paypers
MARCH 30, 2023
French authorities have conducted multiple raids on five major banks in the country as part of an investigation into possible fiscal fraud and money laundering, according to Finbold.
Perficient
MARCH 30, 2023
Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The “cloud” refers to a global network of servers, each with a unique function, that works in tandem to enable users to access files stored within from any approved device. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device.
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Payments Dive
MARCH 30, 2023
The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.
Perficient
MARCH 30, 2023
Captain/Trader Kirk is on the bridge making multiple trades in multiple asset classes with his Klingon counterparty. Spock is in the middle office, reviewing trades, and determining that they’re entirely logical, Captain. Meanwhile, with both normal and extended settlement, initial and variation margins flow in and out of the bank as if the cash was on the Transporter that search parties used to go down and return to planets in Star Trek.
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.
Abrigo
MARCH 30, 2023
P2P fraud can be difficult to detect Knowing how criminals avoid detection can help minimize losses at your financial institution. Would you like other articles like this in your inbox? This article was written by Olivia Boyer, CAMS & Joann Millard, CAMS, of Abrigo Advisory Takeaway 1 P2P payments move from one individual account to another digitally, and they are becoming more commonplace.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 30, 2023
Though the U.S. lags behind other countries, the Federal Reserve is preparing to launch its own real-time payments infrastructure.
CFPB Monitor
MARCH 30, 2023
Earlier this week, the U.S. Supreme Court agreed to hear a case in which the question presented is whether an Americans with Disabilities Act (ADA) “tester” has Article III standing to challenge a place of public accommodation’s failure to provide disability accessibility information on its website, even if she lacked any intention of visiting that place of public accommodation. .
Payments Dive
MARCH 30, 2023
The business-focused payments companies are the latest to name new CFOs as churn in the industry continues.
CFPB Monitor
MARCH 30, 2023
On March 23, 2023, the Federal Trade Commission (“FTC” or “Commission”) issued a Notice of Proposed Rule Making (“NPRM”) seeking comment on proposed amendments to the Commission’s Negative Option Rule. The proposed amendments, which would expand the scope of the rule’s coverage to all forms of negative option marketing and consolidate various requirements dispersed across various statutes and regulations, include a “click to cancel” provision which would require a simple cancellation mechanism
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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
BankInovation
MARCH 30, 2023
When ChatGPT seemingly burst on the scene late last year, everyone from college students to CEOs took notice. For financial institutions, ChatGPT is just one tool in their digital transformation toolkit.
CFPB Monitor
MARCH 30, 2023
The Consumer Financial Protection Bureau has issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women- or minority-owned small businesses.
TheGuardian
MARCH 30, 2023
Executives helped Sergei Roldugin deposit millions of francs in Swiss accounts between 2014 and 2016 Four bankers who helped a close friend of Vladimir Putin move millions of francs through Swiss bank accounts have been convicted of lacking diligence in financial transactions. The four were found guilty on Thursday of helping Sergei Roldugin, a concert cellist who has been dubbed “Putin’s wallet” by the Swiss government.
The Paypers
MARCH 30, 2023
Two of the largest payment companies in the world, Mastercard and Visa , have reportedly planned to acquire Pismo , a Sao Paulo-based fintech company, according to Bloomberg.
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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
TheGuardian
MARCH 30, 2023
Banks say customers are rejecting traditional counter services in favour of online banking • Read the full list of which branches are set to close below NatWest and Lloyds are to axe a further 81 bank branches as both announced fresh cuts to their high street networks. Lloyds Banking Group is closing 39 branches – 26 Lloyds Bank outlets, nine Halifax branches and four Bank of Scotland outlets – between July and September this year.
BankInovation
MARCH 30, 2023
E-commerce and embedded payments continue to gain popularity as millennials and Gen Z consumers look to social media for shopping experiences — and banks must meet their customers where they are shopping online.
TheGuardian
MARCH 30, 2023
Bonuses now at pre-pandemic levels, after profits started to fall for firms as inflation rose and fears of recessions started to hit Wall Street bankers might have to start counting their pennies: the average banking bonuses fell 26% last year, leaving the average bonus at “just” $176,700. After significant boosts during the pandemic, profits started to fall for Wall Street firms in 2022 as inflation rose and fears of recessions started to hit, leaving companies with less leeway for bonuses, acc
FICO
MARCH 30, 2023
Home Blog FICO Defending Your Fully Digital Wallet Against Fraud Moving to a primarily digital wallet doesn’t mean sacrificing fraud protection – in fact, it means stepping up protection against scams FICO Admin Fri, 07/10/2020 - 18:12 by TJ Horan Vice President, Product Management expand_less Back To Top Thu, 03/30/2023 - 13:15 Ever since I cast off my physical wallet in favor of a digital one , I’m walking a little lighter.
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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.
ABA Community Banking
MARCH 30, 2023
The ABA Banking Journal Podcast wraps up Women's History Month with a conversation on an early Texas banking pioneer: Anna Mebus Martin. The post Podcast: Meet Anna Martin, a Texas banking pioneer appeared first on ABA Banking Journal.
The Paypers
MARCH 30, 2023
Netherlands-based banking corporation ING has partnered with Canada-based Open Banking solutions provider Salt Edge to expand Open Banking use cases.
The Paypers
MARCH 30, 2023
Open Banking payment platform Token has launched its services in Romania, offering Account Information Services (AIS) and Payment Initiation Services (PIS) to over 81% of bank accounts in the country.
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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.
American Banker
MARCH 30, 2023
The Paypers
MARCH 30, 2023
The US-based fast-food chain Burger King has begun accepting crypto payments at one of its Paris locations, thanks to Alchemy Pay and Binance Pay.
The Paypers
MARCH 30, 2023
Financial infrastructure platform for businesses Stripe has published its 2023 Insights Report which showcases that businesses still invest in growth despite the economic climate.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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