Payments Dive
SEPTEMBER 14, 2023
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.
Gonzobanker
SEPTEMBER 14, 2023
In a country with thousands of options, the challenge for a bank to stand out is mighty and existential at its core. Saddle up, GonzoBankers. We’re gearing up for Smarter Bank LIVE , and your 325+ RSVP responses to our upcoming online event make one thing clear: You want your bank to become more than the branch next door. In a risk-averse industry, it isn’t an easy task to try the unknown, especially at a time when profits are under attack.
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Payments Dive
SEPTEMBER 14, 2023
The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.
TheGuardian
SEPTEMBER 14, 2023
Figures show that lenders flagged nearly £1.7bn of government-backed loans for potential fraud at end of June UK taxpayers have been forced to cover a larger bill for Covid support to companies than expected, after fresh government data showed the amount of pandemic business loans flagged for fraud had jumped by 43%. Figures released by the Department for Business and Trade showed that high street banks and other private lenders – which were responsible for distributing government-backed loans d
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.
Payments Dive
SEPTEMBER 14, 2023
Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Commercial Lending USA
SEPTEMBER 14, 2023
A USDA B&I loan, short for "United States Department of Agriculture Business and Industry Loan," is a type of government-guaranteed loan program
William Mills
SEPTEMBER 14, 2023
Our marketing team recently attended HubSpot’s annual INBOUND conference in Boston, Mass. with over 11,000 business, marketing, and sales professionals to network and learn from HubSpot leaders and top industry experts. “INBOUND takes the best of our work – the culture, the innovation, the creativity – and propels it forward for the collective good,” said Yamini Rangan, HubSpot CEO.
CFPB Monitor
SEPTEMBER 14, 2023
The CFPB published guidance to remind the mortgage industry of numerous U.S. Department of Housing and Urban Development (HUD) policy statements that were issued before the CFPB assumed authority for enforcing the Real Estate Settlement Procedures Act (RESPA). The CFPB reiterates that official guidance documents issued by other agencies prior to the 2011 transfer would be applied by the CFPB unless they were superseded by law.
BankBazaar
SEPTEMBER 14, 2023
Reward points, annual fee waivers, spend milestone vouchers and a few others. If you can’t think of any other Credit Card perks , you’re in for a shock at every bullet point. A C redit C ard is a simple financial tool used for making purchases and building credit. Yes, we hear you, but is that all? B eyond t heir obvious perks , these nifty little plasticky (at times metallic) things offer a treasure trove of lesser-known benefits, perks , and features that often go unnoticed.
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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
CFPB Monitor
SEPTEMBER 14, 2023
Our special guest is Professor Dan Awrey of Cornell Law School. In July 2023, the Federal Reserve launched FedNow, its instant payments system. After reviewing what FedNow is (and is not), we discuss FedNow’s design features and pricing schedule, the obstacles that currently exist for usage of FedNow by community banks, and what changes can be made to increase FedNow usage by community banks.
American Banker
SEPTEMBER 14, 2023
Carrie Tolstedt, scheduled to be sentenced Friday for her role in the company's phony-accounts scandal, has already paid for her crime and should receive three years probation, her attorneys argue in a sentencing memo. Prosecutors have recommended a year in prison.
The Paypers
SEPTEMBER 14, 2023
Global technology platform Intuit has announced the launch of QuickBooks Money, a new subscription-free payments, and banking solution for small businesses.
American Banker
SEPTEMBER 14, 2023
Since the country's instant-settlement network doesn't cover everyone, ANZ is extending its excess capacity to other financial institutions. It's a strategy that's emerging in the U.S. and other markets.
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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
BankInovation
SEPTEMBER 14, 2023
Financial institutions collect vast amounts of structured and unstructured data on a daily basis, and AI is presenting more efficient ways to utilize that data — opening analysis and innovation potential for the industry.
American Banker
SEPTEMBER 14, 2023
The secretive world of private credit is increasingly being funded by public money, and there will be no FDIC there to bail us out when things go bad.
The Paypers
SEPTEMBER 14, 2023
Visa has announced the launch of its Visa Cross-Border Solutions in partnership with Currencycloud , in order to improve business development around the globe.
BankInovation
SEPTEMBER 14, 2023
TD Bank’s commercial banking arm is looking to AI to understand and predict customer needs to sell targeted products, Chris Giamo, executive vice president and head of commercial banking, told Bank Automation News at Finovate Fall 2023. “Banks inherently have a tremendous amount of data.
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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
SEPTEMBER 14, 2023
A new model rates large banks on their efforts to develop and deploy artificial intelligence technology.
The Paypers
SEPTEMBER 14, 2023
Chat app Telegram has integrated a self-custodial crypto wallet to tap into the crypto community that has emerged from its platform and drive crypto adoption.
American Banker
SEPTEMBER 14, 2023
Despite an industrywide rough patch, EverBank still sees promise in the niche business line. The Jacksonville, Florida, company has hired a pair of prominent industry experts to lead a new division tasked with serving investment funds.
The Paypers
SEPTEMBER 14, 2023
Swift has announced that three central banks are beta testing its solution for interlinking CBDCs, while financial institutions are experimenting with the solution to explore further use cases.
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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.
American Banker
SEPTEMBER 14, 2023
Executives at Citizens Financial Group and community banks such as Seattle Bank and Citizens Bank of Edmond say there are potential use cases for large language models. Yet they have concerns that impersonal service and likely errors could erode customers' faith in their financial institutions.
The Paypers
SEPTEMBER 14, 2023
Financial software applications and marketplaces provider Finastra has launched its Compliance as a Service solution on Microsoft Azure to help banks combat financial crime for instant payments.
American Banker
SEPTEMBER 14, 2023
Greg Carmichael, the former CEO of Fifth Third, will join the Los Angeles bank as its executive chair. The move comes a few weeks after City National, which is a unit of Royal Bank of Canada, reported a quarterly loss.
The Paypers
SEPTEMBER 14, 2023
Open Banking payment provider Noda has chosen B2B payments platform BVNK to bring stablecoin settlements to the former’s customers across the UK and Europe.
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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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