Tue.Mar 12, 2024

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PayPal may axe straggler business units

Payments Dive

On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

Maine 221
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AI's next big step for banking is data processing: First Internet Bank CEO discusses

ATM Marketplace

First Internet Bank CEO David Becker believes that banks should take a "forward looking approach" with AI, especially in the area of data processing.

Data 124
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FDIC pushes regulators to address tokenization

Payments Dive

Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.

FDIC 221
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New money, old money

BankUnderground

David Rule and Iain de Weymarn Technologies such as distributed ledgers create the possibility of new forms of digital money, whether privately-issued ‘stable coins’, tokenised commercial bank deposits, or central bank digital currencies. Authorities are considering a world where digital money circulates alongside existing forms of money. In the past, the nature of money has often changed.

Taxes 97
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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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Hertz taps Stripe for digital payments

Payments Dive

The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.

Payments 243

More Trending

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Affirm CFO swears off auto lending, for now

Payments Dive

The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

Lending 221
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When Data Speaks, Do You Listen? The Power of Data-Driven Storytelling in PR and Marketing

William Mills

In a time where information reigns supreme, the strategic use of proprietary data in PR and marketing is not just an advantage — it's essential. As data-driven storytelling has become a cornerstone for success, PR and marketing professionals must learn how to properly gather, analyze and derive this information to help create stronger messages, bring more credibility, and garner greater media attention for clients.

Data 92
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CFPB seeking OMB approval for new consumer complaint surveys

CFPB Monitor

The CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget for two new surveys intended to identify factors that influence a consumer’s decision to file a complaint with the CFPB. Comments must be received on or before May 6, 2024.

Survey 78
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The tech partnership helping credit unions finance Teslas

American Banker

Through its integration with the auto manufacturer, Origence and its indirect lending subsidiary FI Connect aim to match buyers in need of auto loans to eligible credit unions.

Lending 90
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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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Insurance Claim Contact Center Collaboration – Digital Customer Experience Then and Now

Cisco

Think of how much digital channels and the contact center have evolved.

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One year after SVB collapse, updates on the 5 bank failures of 2023

American Banker

Silicon Valley Bank, Heartland Tri-State and Citizens Bank in Sac City, Iowa, were among bank failures in 2023. What's changed since?

Iowa 96
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First Financial Bank posts 27% increase in CDs using AI

BankInovation

First Financial Bank has grown its operations and attracted new customers through implementation of an AI-driven digital assistant. The $4.8 billion FFB teamed up with AI-driven tech provider Kasisto toward the end of 2022 to launch a digital assistant, according to a Feb. 22 case study by Kasisto.

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20 U.S. banks with the largest 1-day stock price drops after Q4 earnings

American Banker

The stock prices of five of these banks fell by more than 7% on the day they announced their fourth-quarter results, including two with double-digit decreases.

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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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Podcast: Digital bank grows account volumes by 420%

BankInovation

Fintel Connect helps Live Oak Bank increase its deposit volume. The digital, FDIC-insured bank looked to affiliate marketing platform Fintel Connect nearly two years ago to expand its reach, Fintel Connect Chief Executive Nicky Senyard tells Bank Automation News on this episode of “The Buzz” podcast.

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In banks' battle against deepfake fraud, we need all hands on deck

American Banker

Banks must work closely with technology companies, regulatory authorities and each other to develop comprehensive strategies to combat deepfake fraud.

Fraud 77
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People over profit

Realwired Appraisal Management Blog

Last week a new DataComp Suite customer bought our software but then found out he couldn’t get out of his contract with a competing product. He missed the deadline to give notice. He signed our contract and we already ran his credit card. What should we do?

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Inpay supports Tranglo's global expansion

The Paypers

Inpay has announced its plans to facilitate the European expansion of the global payment service provider (PSP) Tranglo by offering Instant SEPA across the region.

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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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Virgin Money bosses in line for £6m if Nationwide takeover goes ahead

TheGuardian

Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through Banking bosses at Virgin Money are in line for a £6m windfall if Nationwide Building Society pushes ahead with a proposed takeover of the lender, with more than half of that sum to be pocketed by its longtime chief executive, David Duffy.

Data 62
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Banco do Brasil partners with Giesecke+Devrient

The Paypers

Banco do Brasil has partnered with Germany-based Giesecke+Devrient in a bid to make offline payments with digital money a reality in Brazil.

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Flagstar paid $1 million bitcoin ransom in 2021, case filings show

American Banker

The attack is one of three major incidents the lender has suffered in the past three years.

Bitcoin 74
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Revolut's valuation declines amid licence delays

The Paypers

A significant devaluation of Revolut , one of the UK's prominent fintech companies, has been indicated by a major shareholder.

Fintech 69
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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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Mastercard attacks subscription-pay chaos with open banking tools

American Banker

Powered by its data-aggregation arm Finicity, Mastercard is piloting a service giving consumers an analytical view of all the subscriptions they routinely pay via credit, debit or ACH with options to cancel, pause or resume them.

Tools 48
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The UK government to publish National Payments Vision

The Paypers

The UK government has announced its initiative to publish a National Payments Vision, in order to accelerate the development of the local payments ecosystem.

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Gaming out regulators' next moves on Basel

American Banker

Regulators in the coming weeks or months will have to decide whether or how to finalize last year's Basel III endgame capital proposal, but there are risks — and rewards — to whichever path they choose.

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FHA/HUD Commercial Loans

Commercial Lending USA

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

Lending 40
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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.