South State Correspondent
DECEMBER 8, 2023
Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. This conference is crucial because it provides insight into small business banking and has a good mix of essential banking-focused topics with a heavy emphasis on the customer experience.
Payments Dive
DECEMBER 8, 2023
Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.
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BankBazaar
DECEMBER 8, 2023
Do you have a toxic aunty in the family? You know, the one that hints around about finances or keeps asking why you’re not married yet? Yes, you know who we’re talking about! Come to think of it, maybe ‘anti’ is derived from the word ‘aunty’! Who knows? So, this ‘AUNTY-Corruption Day ’, here’s a poem to show you how not to be a shady aunty! On this Anti-Corruption Day, here is a tale, Of Credit Cards and scores , with a humorous trail.
Payments Dive
DECEMBER 8, 2023
The African payments company launched its remittance app in August as part of a push to facilitate more payments between the U.S. and Africa.
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.
ATM Marketplace
DECEMBER 8, 2023
Self-service technology allowed operators to allocate employees to mission-critical tasks while ATMs and cash recyclers handled traditional transactions. Still, the specter of replacing human workers with machines has hung over the self-service trend.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
DECEMBER 8, 2023
On December 7, 2023, Atlantic Union Bank (the “Bank”) entered into a consent order with the Consumer Financial Protections Bureau (CFPB) related to its in-person and telephone overdraft opt-in sales practices during 2017-2020. The settlement requires the Bank to refund affected consumers $5 million in overdraft fees and pay a $1.2 million civil money penalty to the CFPB.
TheGuardian
DECEMBER 8, 2023
With more transactions taking place digitally, cash transit companies warn of reduced services – which experts say risks isolating those who rely on notes and coins Get our morning and afternoon news emails , free app or daily news podcast Heather Lewis has an unusual budgeting method in the age of online banking, but it works for her. When the disability support pensioner gets paid, she heads to her local bank branch in Melbourne, withdraws the cash and places it into plastic pockets according
American Banker
DECEMBER 8, 2023
Visa, Mastercard, SAP, Circle and many other financial firms are launching digital card accounts with an emphasis on B2B clients.
The Paypers
DECEMBER 8, 2023
Trovata has announced its partnership with the National Australia Bank in order to provide the latter’s corporate clients with optimised cash management via Liquidity+.
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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
BankInovation
DECEMBER 8, 2023
As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according to the Bank of England’s Dec. 5 Financial Stability Report.
American Banker
DECEMBER 8, 2023
Five large U.S. banks are among 50 global financial institutions that climate activists are targeting as they push to end financing of metallurgical coal projects.
ABA Community Banking
DECEMBER 8, 2023
From the Basel III endgame to Regulation II to new Community Reinvestment Act and Section 1071, 2023 has delivered a regulatory onslaught for the industry. How are bankers navigating the waves of overlapping changes? The post Podcast: The bank policy outlook for 2024 appeared first on ABA Banking Journal.
American Banker
DECEMBER 8, 2023
Banks branches continue to shutter through October; First Carolina onboards fintech partner BM Technologies; ICBA announces its 2024 accelerator companies; and more in the weekly banking news roundup.
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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
DECEMBER 8, 2023
Major banks’ tech spend continued to climb in 2023 as financial institutions invested in AI to add efficiencies, train employees and jump-start innovation.
The Paypers
DECEMBER 8, 2023
Digital payments and software services company targeting self-service commerce Cantaloupe has launched new analytics tools in its Seed Pro software platform.
American Banker
DECEMBER 8, 2023
The Treasury Department's Community Development Financial Institutions Fund has introduced significant updates to the CDFI certification application, aiming to simplify the process and establish clearer standards for responsible lending and community development.
The Paypers
DECEMBER 8, 2023
Global asset manager BlackRock has announced it will roll out a suite of new generative AI-supported tools for bot employees and clients in the near future.
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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
DECEMBER 8, 2023
The 130-year-old Warsaw Federal Savings & Loan achieved a minority status after retooling its board this summer. Its CEO, who is also new to the job, has no plans to slow the pace of change at the depositor-owned bank.
The Paypers
DECEMBER 8, 2023
Network International has announced its partnership with Huawei in order to facilitate the digital payments journey for financial services players in the MEA region.
American Banker
DECEMBER 8, 2023
JPMorgan Chase is running into some pushback over fees and control as it aims to pull together a group of lenders to help fund private credit deals it originates, according to people with direct knowledge of the discussions.
The Paypers
DECEMBER 8, 2023
The Ernst & Young (EY) organisation has formed an alliance with Moody’s Analytics to help customers make data-driven decisions and manage risk.
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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
DECEMBER 8, 2023
Block is offering a new hardware Bitcoin wallet as crypto advocate Jack Dorsey focuses the payments company formerly known as Square more on security and self-governance for the digital-asset sector.
The Paypers
DECEMBER 8, 2023
BankDhofar has announced its partnership with Diebold Nixdorf in order to utilise its RM4V cash recycling engine for an overall improved customer experience.
American Banker
DECEMBER 8, 2023
The decision means the six largest Canadian banks will enter 2024 with the requirement to hold Common Equity Tier 1 capital of at least 11.5% of risk-weighted assets.
The Paypers
DECEMBER 8, 2023
Global cloud communications platform Infobip has partnered with AuthVia in order to bring secure payment and transaction capabilities to messaging channels.
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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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