American Banker
FEBRUARY 5, 2024
When customers are targeted directly with fake text messages that lead to account takeover, artificial intelligence, and in some cases generative AI, can play a role in fighting the fraud, experts say.
Payments Dive
FEBRUARY 5, 2024
There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.
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CFPB Monitor
FEBRUARY 5, 2024
Patrick McHenry, the Republican Chair of the House Financial Services Committee, and two other Republican Committee members have sent a letter to Director Chopra regarding the CFPB’s proposed rule to supervise nonbank companies that qualify as larger participants in a market for “general-use digital consumer payment applications.” The proposal is based on the CFPB’s authority to supervise nonbank entities considered to be “a larger participant of a market for other consumer financial products o
Payments Dive
FEBRUARY 5, 2024
Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.
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.
TheGuardian
FEBRUARY 5, 2024
Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions Two of the UK’s largest lenders, Santander UK and Lloyds Banking Group, allegedly held bank accounts for front companies that helped Iranian entities evade US sanctions, according to reports. The news has rattled investors, who sold off shares in the two banks on Monday morning, amid fears that the lenders could face penalties if they are found to have in any way assisted Iran’s state-controlled Petrochem
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
FEBRUARY 5, 2024
In correspondence with Rep. Andy Barr, R-Ky., the Federal Reserve and Office of the Comptroller of the Currency said the Securities and Exchange Commission's proposed safeguarding rule could change banks' custody businesses.
The Paypers
FEBRUARY 5, 2024
Crypto lender Celsius has announced it will distribute USD 3 billion in crypto to its creditor as the company’s bankruptcy is officially closed.
American Banker
FEBRUARY 5, 2024
The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.
BankInovation
FEBRUARY 5, 2024
Major U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not necessarily on tech spend as digital banking usership increased. JPMorgan saw its tech, communication and equipment expense spend jump 7% year over year to $2.4 billion.
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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
American Banker
FEBRUARY 5, 2024
Bankers during recent earnings reports predicted lower deposit costs as 2024 wears on. But with inflation still elevated and the jobs market strong, the Federal Reserve probably won't begin lowering rates — and thus easing the drag on lenders' profits — until May at the earliest.
BankInovation
FEBRUARY 5, 2024
Bryce Elliott, former chief information officer of wholesale and enterprise functions at Truist Financial, is no longer working at the Charlotte, N.C.-based bank.
American Banker
FEBRUARY 5, 2024
Taking aim at a market dominated by decades-old private-network fuel card players, the San Francisco-based firm AtoB is teaming with Mastercard to launch an open-loop payments platform for trucking firms and fleet operators.
The Paypers
FEBRUARY 5, 2024
France-based payment solutions provider Lyra has partnered with India-based NPCI International Payments Limited ( NIPL ) to introduce the UPI payment mechanism in France.
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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
American Banker
FEBRUARY 5, 2024
Artificial intelligence promises to replace a large percentage of entry-level analysts, call center workers and others, while leaving most senior managers untouched.
The Paypers
FEBRUARY 5, 2024
Mastercard has announced its partnership with Beep in order to provide contactless payments to public transportation in the region of the Philippines.
American Banker
FEBRUARY 5, 2024
Republican legislators and the American Fintech Council expressed worries recently over how the FDIC has managed its innovation efforts, highlighting the significant changes to an office established to head those efforts.
The Paypers
FEBRUARY 5, 2024
A Spanish publication has reported on the Spanish Ministry of Finance ’s plans to target cryptocurrencies and NFTs with a new tax reform.
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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.
American Banker
FEBRUARY 5, 2024
A clash over pay playing out in contract negotiations between the Consumer Financial Protection Bureau and its employee union occur as the Supreme Court is considering whether the agency must get its funding from Congress.
The Paypers
FEBRUARY 5, 2024
Mastercard has announced its collaboration with Europe-based Last Mile Solutions , aiming to improve payment standards in the Electric Vehicle (EV) charging industry.
American Banker
FEBRUARY 5, 2024
The senior vice president for capital markets at the Housing Policy Council died Saturday after sustaining critical injuries a week prior.
The Paypers
FEBRUARY 5, 2024
Switzerland-based cyber protection provider Acronis has announced that it became a member of the Microsoft Intelligent Security Association (MISA), an ecosystem of ISVs and MSSPs.
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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.
The Financial Brand
FEBRUARY 5, 2024
This article 4 Ways Personalization Is Evolving at Top Banks appeared first on The Financial Brand. The ability to use AI to leverage data in real-time is a top priority for banks looking to offer personalized user experiences. This article 4 Ways Personalization Is Evolving at Top Banks appeared first on The Financial Brand.
The Paypers
FEBRUARY 5, 2024
France-based multinational financial services company Societe Generale has announced its plans to cut approximately 900 jobs in its home country through voluntary departures.
American Banker
FEBRUARY 5, 2024
First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.
The Paypers
FEBRUARY 5, 2024
Saudi Arabia-based fintech Geidea has announced its strategic collaboration with Fils , aiming to enable businesses to support sustainability in digital payment transactions.
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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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