Tue.Nov 21, 2023

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Credit card demand remains robust, rejections rise: New York Fed

Payments Dive

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

New York 429
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Brian Bell Navigates the Evolving Insurance Space to Provide Maximum Client Value Across Industries

Perficient

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. In the increasingly competitive insurance landscape, organizations must strategically leverage digital transformation, and Brian excels at navigating this evolution to deliver maximum client value across all industries.

Industry 221
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Antitrust pressure may squeeze Google, Apple in-app fees

Payments Dive

“Apple and Google Play app store fees will be significantly lower in the medium future,” Drake Star Partner Michael Metzger predicted.

Google 259
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Are You Making Enough Money? Secret Formula for Financial Success Unveiled!

BankBazaar

If your job satisfaction were a pizza, would it be a delicious p epperoni or a sad, limp slice left on the counter overnight? Your career should be more satisfying than waiting for a pizza delivery on a Friday night, agree? Money – the ultimate puzzle that keeps us up at night. We’ve all wondered whether we are making enough or just collecting colourful paper for a high-stakes Monopoly game.

Cards 143
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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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Will China be a boon or bust for card networks?

Payments Dive

U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

Cards 221

More Trending

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FCC and FTC Announce new AI Calling and Voice Initiatives

CFPB Monitor

On November 16 th , the Federal Communications Commission (“FCC”) and Federal Trade Commission (“FTC”) announced new independent initiatives regarding the use and implications of AI technologies on consumers in the context of telephone and voice communications. These initiatives align with the recent Executive Order on Artificial Intelligence and show federal regulators’ expanding focus on existing and anticipated AI issues.

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Are Your 2024 PR Plans as Shiny as A Red Ryder BB Gun?

William Mills

Are your 2024 PR strategies as polished as a Red Ryder BB Gun? With Christmas and the year-end on the horizon, it's a time for reflection on the past and anticipation for the future. Companies are diligently shaping plans for 2024 across various domains such as product development, investments, technology, and notably, marketing and PR initiatives.

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CFPB issues annual FDCPA report; FTC issues annual letter on debt collection to CFPB

CFPB Monitor

The CFPB has issued its annual Fair Debt Collection Practices Act report covering the CFPB’s debt collection activities in 2022. The report incorporates information from the FTC’s most recent annual letter to the CFPB describing its 2022 activities in the debt collection market. CFPB Report. The CFPB report includes a “spotlight” section on the collection of medical bills. .

Report 78
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How generative AI is entering the conversation in banking

American Banker

Senior banking leaders are very much aware of and interested in generative AI, but while no one wants to get left behind, there's also no great urgency to be the first mover.

Fintech 92
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Podcast: Why an FI’s digital maturity matters

BankInovation

Financial institutions must review their digital maturity to remain competitive in a tech-forward market. The first step toward improving digital experiences is ensuring the FI has a solid digital foundation, Robin Smith, chief revenue officer of Praxent, tells Bank Automation News on this episode of “The Buzz” podcast.

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5 potential catalysts for community bank earnings in 2024

American Banker

Bankers are hopeful that several factors could strengthen profits next year, including higher loan demand and more stable funding costs as the Fed holds the line on — or even lowers — interest rates.

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BankUnited CTO to speak at Bank Automation Summit U.S. 2024

BankInovation

BankUnited Chief Technology Officer Michael Lehmbeck will join the panel discussion “The AI revolution in banking: A road map for the future” at Bank Automation Summit U.S. 2024 on Monday, March 18, at 1:15 p.m. CT. The summit takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together U.S.

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Bank, fintech leaders weigh in on the pros and cons of generative AI

American Banker

New iterations of tools powered by advanced artificial intelligence will aid banks in generating new value for customers, but the lack of regulatory guidance in this area hinders deeper adoption of the technology, panelists and attendees at The Clearing House's recent conference.

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The State of Automation in Financial Services 2024 Report

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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Account takeover losses may exceed $635B in 2023

BankInovation

Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive.

Fraud 63
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How Ripple is trying to reach new audiences

American Banker

The blockchain company is targeting non-financial clients and new geographic regions in a series of product rollouts.

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Trust Me, I’m an Appraiser

Realwired Appraisal Management Blog

Trusting an appraiser means trusting in the integrity of the real estate market. Trust is the cornerstone of the appraisal profession. How would the stakeholders rate us? Reputation is everything for fee and bank appraisers. Trust is the new currency. Appraisals are a precision product. Impartiality and adherence to professional standards is our special power.

US 59
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OneMain pushes further into auto finance with acquisition

American Banker

OneMain Financial, which mainly offers consumer installment loans, is paying $115 million to buy a small subprime auto lender from the investment bank Jefferies.

Maine 83
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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Mastercard partners with areeba

The Paypers

Mastercard has entered a strategic partnership with payments processor areeba to modernise payment platforms for fintechs in the Middle East.

Fintech 45
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KeyCorp moves commercial banking head Angela Mago to top HR job

American Banker

Mago, who was fourth on American Banker's Most Powerful Women to Watch list this year, succeeds Brian Fishel, who is retiring.

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Taulia partners with Mastercard

The Paypers

US-based Taulia has partnered with Mastercard in order to launch the Taulia Virtual Cards, a B2B payment solution for additional capital management benefits.

Capital 41
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What fintechs think of the CFPB's proposed data-sharing rule

American Banker

Penny Lee, president and CEO of the Financial Technology Association and Steve Boms, executive director of FDATA NA, explain what their members like about the proposed regulation and what they would change.

Data 64
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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Napier partners with 3S Money

The Paypers

Financial crime compliance RegTech Napier has partnered with 3S Money in order to provide its AML platform for protecting high-risk cross-border payments.

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Like it or not, big changes are coming for the Federal Home Loan banks

American Banker

The Federal Housing Finance Agency's report on the system at 100 years old signals major shifts in both policy and structure are on the horizon.

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Form3 to assist Klarna's European payments

The Paypers

UK-based cloud payment technology provider Form3 has announced its assistance in Klarna ’s European payment capabilities with SEPA connectivity.

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Binance and CEO plead guilty, agree to pay billions in fines

American Banker

In a settlement with the Department of Justice, Treasury and market regulators, crypto exchange Binance agreed to pay more than $4 billion in fines and for CEO Changpeng Zhao to resign in a sprawling settlement of anti-money laundering and sanctions violations.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.