Fri.Jun 16, 2023

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Fraud losses to surpass $40B by 2027: report

Payments Dive

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

Fraud 418
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Bold banks tackle supply chain emissions

Accenture

A few bold banks are beginning to see the benefits of working together to tame supply chain emissions. They’re sharing ideas about how they can more accurately measure these Scope 3 emissions that are generated by their suppliers. And, most important, they’re exploring ways to reduce them. The discussions involve several big retail banks and… The post Bold banks tackle supply chain emissions appeared first on Accenture Banking Blog.

Retail 297
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Nevada governor signs first state EWA law

Payments Dive

Backers of the law establishing a licensing process for earned wage access providers operating in the state say it’s the first of its kind in the U.S.

Nevada 221
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How are banks automating or failing to automate?

ATM Marketplace

Banks are typically seen as traditional organizations; however, many are embracing automation to improve efficiency and meet customer needs. That being said, there are still barriers to a full embrace of the technology.

Meeting 122
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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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Pilot rolls out digital diesel payments at 800 locations

Payments Dive

Relay Payments’ app-based system uses secure codes to make transactions, allowing drivers to avoid worries about fraud, said Spencer Barkoff, the company’s co-founder and president.

Payments 195

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Fed launches master account database

American Banker

The Federal Reserve will now disclose all entities that have access to its payments system, as well as those that are seeking access. The move ends a yearlong standoff with Congress.

System 99
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What bank leaders should know about AI in financial services

BankInovation

With ChatGPT reaching 100 million users within two months of its release, generative AI has become one of the hottest topics, as individuals and industries ponder its benefits and ramifications.

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Inside Marketing: Ride the Digital Wave for a Seamless Member Experience This Summer

William Mills

Digital service and temperatures are heating up as credit unions leverage technology to provide their members with seamless banking experiences to match the sunny vibes of the season. From mobile banking apps that allow easy access to financial services on the run—even at the beach—to online loan applications that expedite the borrowing process, credit unions riding the digital wave will ensure their members can make the most of their summer adventures.

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What's in the bipartisan deal on clawbacks from failed-bank CEOs

American Banker

The Senate bill, which will receive a committee vote next week, would give the FDIC the option to take back compensation from executives at failed institutions. Some advocacy groups want stronger language.

FDIC 78
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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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BBVA partners with AWS for data-driven transformation

The Paypers

Spain-based bank BBVA has partnered with Amazon Web Services to deliver advanced analytics and data services in the cloud, furthering its data and AI transformation process.

Data 69
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LGBTQ Americans are still struggling to achieve financial equality

American Banker

Pride month is the perfect time to take a hard look at the discrimination that LGBTQ people face in the financial services industry, particularly when it comes to obtaining credit.

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BridgerPay launches Paywith, a new payment checkout offering

The Paypers

Cyprus-based payments platform BridgerPay has launched Paywith, a payment checkout solution that enables users to pay with any mix of payment methods.

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An incubator for Main Street: How one credit union supports small shops

American Banker

Lake Trust Credit Union in Brighton, Michigan, works with a development agency in Lansing to provide entrepreneurs with the financial and educational support they need to go it alone.

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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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IBM’s AI consultants aid banks

BankInovation

IBM Consulting launched its Center of Excellence for generative AI last month, where clients, including financial institutions, can look to consultants for expertise, use cases, risk mitigation and advancements in the technology.

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dLocal co-founder takes hands-on role to tap cross-border opportunity

American Banker

Sergio Fogel is taking on a new role as co-president and chief strategy officer to help the fintech battle rivals across the globe.

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Customer Management Trends: Hyper-Personalization, Trust, & More

FICO

Home Blog Feed test Customer Management Trends: Hyper-Personalization, Trust, & More These were some of the top customer experience themes, breakouts, & ideas from FICO World 2023 Thu, 02/09/2023 - 10:49 Pawel Pasik by FICO expand_less Back to top Fri, 06/16/2023 - 10:25 FICO World 2023 was a hugely successful event, with more than 500 leading companies gathering at The Diplomat in Hollywood, FL to discuss top market trends, best practices, and innovative ideas in digital transformation.

Trends 52
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Credit conditions expected to remain poor this year, bank economists say

American Banker

The American Bankers Association's credit conditions index remained near historic lows despite a slight uptick in the most recent quarter. Pessimism pervaded the outlook for both business and consumer lending.

Lending 68
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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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Ripple partners with the Central Bank of Colombia

The Paypers

US-based blockchain company Ripple has partnered with the Colombian central bank to demonstrate the utility of blockchain to the general public.

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No. 1 SBA lender Huntington pursuing national expansion

American Banker

As it pushes the boundaries of its Midwestern footprint, the Columbus, Ohio-based bank is on pace to book more than 6,000 7(a) loans in SBA's 2023 fiscal year, the biggest total in seven years.

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The Paypers launches The Global Overview of Payments Providers 2023

The Paypers

The Paypers has launched The Global Overview of Payments Providers 2023 , the most recent market analysis of key payment providers in the B2B and B2C commerce payments ecosystem.

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CFPB seeks to supervise Big Tech firms under larger participant rule

American Banker

The Consumer Financial Protection Bureau plans to issue a larger participant rule that would allow the agency to examine consumer payment markets. The rule will allow the CFPB to examine and supervise Big Tech companies such as Apple, Alphabet's Google, PayPal and Square.

Apple 41
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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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Entrust and Intexus to boost payment enablement for banks in LATAM

The Paypers

Entrust, a security software provider, has expanded its partnership with payment, data security, and identity solutions provider Intexus to Accelerate LATAM bank payment enablement.

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Banking news roundup

American Banker

Discover Bank launches financial health fund, Cross River Bank climbs past real-time payment transaction benchmark, Webster funds financial education at youth-focused nonprofits and and more in this week's banking news roundup.

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BlackRock filed with the SEC for bitcoin ETF

The Paypers

Global asset manager BlackRock has filed an application with the Securities and Exchange Commission to offer a spot bitcoin exchange traded fund.

Bitcoin 41
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BOE a step closer to launching digital pound after Project Rosalind study

American Banker

The Bank of England is a step closer to launching its own digital currency after a yearlong project concluded the technology could support a "diverse range" of new ways to use money.

Study 36
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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.