Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Sir Isaac Newtown’s first law of motion, which states that an object in motion will stay in motion and an object at rest will stay at rest unless acted upon by an external force, can be applied to retail depositor

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Risk Management United States FDIC Compliance 221

Payments Dive

NOVEMBER 10, 2023

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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California Bitcoin ATM Operations 243

ATM Marketplace

NOVEMBER 10, 2023

What is the key to banking success in the current market? The answer is to overhaul customer experience strategies to meet consumers where they are.

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Customer Experience Strategy Meeting Marketing 102

Payments Dive

NOVEMBER 10, 2023

The $38.8 million acquisition of StudyLink will expand Flywire’s presence in the Australian higher education market, the company said.

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Marketing Company 243

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.

US

TheGuardian

NOVEMBER 10, 2023

Move follows resignation of CEO over row linked to closure of former Ukip leader’s bank accounts NatWest has scrapped more than £7.5m that was due to be paid to Alison Rose, the banking group’s former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage’s bank accounts. The board of NatWest said that following her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.

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Groups 93

TheGuardian

NOVEMBER 10, 2023

American arm of ICBC is latest victim of hackers and is investigating The Industrial and Commercial Bank of China’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the US unit of China’s largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from i

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US Marketing System Industry 91

American Banker

NOVEMBER 10, 2023

In addition to expense-reduction measures, the Wisconsin-based regional bank is selling almost $2 billion of mortgages and securities and will invest in its lending and deposit-gathering capabilities.

Wisconsin 74

Wisconsin Regional Lending Security 74

The Paypers

NOVEMBER 10, 2023

Netherlands-based payments orchestration platform WLPayments has announced its successful integration with payment solutions provider Paysafe.

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Payments 80

American Banker

NOVEMBER 10, 2023

The technology, which has its roots in cryptocurrency, could make corporate transactions more flexible.

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cryptocurrency blockchain Payments Technology 97

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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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BankInovation

NOVEMBER 10, 2023

Technology service provider Fiserv continues to invest in its digital solutions including its digital wallet platform, CardHub, which allows real-time controls, transaction monitoring, digital wallet support and enables digital issuance of new, lost and stolen replacement debit and credit cards. Fiserv clients include Microsoft and Google, as well as banks like Fort Lauderdale, Fla.

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Google Cards Technology Payments 61

American Banker

NOVEMBER 10, 2023

City National Bank has tapped Howard Hammond, a 17-year veteran of Fifth Third Bancorp, as CEO of the Los Angeles-based bank, replacing Kelly Coffey, who will move to a newly-created role as CEO of the bank's entertainment unit.

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Los Angeles National Industry 68

BankInovation

NOVEMBER 10, 2023

Online digital lender Upstart invested in technology including automation and AI to improve its loan processing and underwriting models in the third quarter. The effort resulted in increased automation in loan processing, Chief Executive Dave Girouard said during the company’s Q3 earnings call this week.

Online 61

Online Technology Lending 61

American Banker

NOVEMBER 10, 2023

Flagstar Bank promotes newly hired Jason Birnbaum; Finstar Financial tops $1billion-asset threshold with acquisition of Sitgler; digital platform Bluevine launches checking account for high balances; and more in the weekly banking news roundup.

Industry 68

Industry 68

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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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ABA Community Banking

NOVEMBER 10, 2023

Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members. The post Podcast: Bespoke banking for family-owned businesses appeared first on ABA Banking Journal.

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Management Community Bank Community Lending 52

American Banker

NOVEMBER 10, 2023

The Wyoming bank has launched its signature service, amid a legal tug-of-war with the Federal Reserve.

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Wyoming Bitcoin Technology Fintech 91

The Paypers

NOVEMBER 10, 2023

Singapore-based dtcpay has partnered with PlatON and Allinpay International to launch a new digital currency payment system based on smart terminals.

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System Payments 45

American Banker

NOVEMBER 10, 2023

The market stayed open four extra hours to allow participants to reroute trades Thursday after an attack by cybercrime group Lockbit.

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Groups Marketing Cyber Security Security 68

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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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The Paypers

NOVEMBER 10, 2023

Alkami Technology has announced its partnership with Plaid in order to enable financial institution clients in the US to access the latter’s direct API services.

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Technology US 41

American Banker

NOVEMBER 10, 2023

As we look ahead to fresh innovations in fintech, we should try to reconnect with a deeper, more intentional set of human relationships foundational to our experience of money.

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Fintech Innovation Technology 54

The Paypers

NOVEMBER 10, 2023

Payments company Magnati has announced its partnership with UK-based cross-border payments network TerraPay to provide merchants with an additional payment method.

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Payments Company 41

American Banker

NOVEMBER 10, 2023

Banks across the spectrum of size and location serve small businesses — but they all do it differently. At American Banker's Small Biz Banking 2023 conference in Nashville from November 13-15, banks of all sizes will come together to share ideas, learn from experts and hear from bankers in the field who are doing it best.

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Conference Nashville Lending 56

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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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The Paypers

NOVEMBER 10, 2023

US-based Eltropy has integrated with Portico from Fiserv in order to provide credit union members and customers with optimised engagement and experience.

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US 41

American Banker

NOVEMBER 10, 2023

The banking industry's campaign against proposed capital requirements has reached a new dimension, with a group called Center Forward buying a Sunday Night Football ad arguing that the proposals would raise consumer costs.

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Capital Groups Industry Policies 52

The Paypers

NOVEMBER 10, 2023

Onyx by J.P. Morgan has launched programmable payments, a feature for blockchain-based accounts on the JPM Coin System, allowing users to program payments for the first time using an intuitive interface.

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Payments blockchain System 36

American Banker

NOVEMBER 10, 2023

Building on technology it acquired with cloud-banking fintech Finxact, Fiserv aims to play matchmaker between its bank partners and merchants.

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Fintech Technology Payments 45

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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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