Payments Dive

OCTOBER 6, 2023

Jack Dorsey-led Block is the latest payments company to make staff cuts and pull back on hiring as it pursues profitable growth.

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Payments Company 435

ATM Marketplace

OCTOBER 6, 2023

How can you build an end-to-end customer experience that works for your organization? The closing keynote at the Bank Customer Experience Summit took a closer look at this topic.

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Strategy Customer Experience 107

Payments Dive

OCTOBER 6, 2023

Online mobile spending will surpass computers for the first time and shoppers will turn more to buy now, pay later services, according to the report.

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Online Mobile Report 243

Gonzobanker

OCTOBER 6, 2023

Being on a zombie core doesn’t have to end in an apocalypse, as long as you know how to manage the system – and the vendor. I recently heard a banker refer to his institution’s core banking platform as a “zombie core.” They’re not alone; the core system landscape is littered with platforms still in use but with no hope of reanimation. As we know from a variety of movies and TV series, zombie cores can come in different forms: Night of the Living Dead Like the undead in the granddaddy of zo

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Strategy System UX Tools 97

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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Payments Dive

OCTOBER 6, 2023

The debit card allows patients to swipe first, then pick a payment plan later, PayZen CEO Itzik Cohen said.

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Cards Payments 273

American Banker

OCTOBER 6, 2023

Speaking at the Brookings Institution Friday morning, Consumer Financial Protection Bureau director Rohit Chopra warned that, absent intervention, the U.S. payments system could evolve to resemble that of China, where commerce and payments are deeply intertwined.

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Payments Marketing System Policies 77

BankInovation

OCTOBER 6, 2023

Financial institutions are implementing AI throughout their organizations at a steady pace. However, even with investments made and use cases identified, AI can only accomplish so much without users on board. “If the businesses [within a bank] don’t care to use it, it’s just not going to change anything,” Inwha Huh, managing director at $1.

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Management 66

American Banker

OCTOBER 6, 2023

Credit cards and auto loans both showed weakness in the second quarter, leading to an uptick in delinquencies and charge-offs for U.S. credit unions.

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Cards Lending 80

Commercial Lending USA

OCTOBER 6, 2023

Stated income commercial mortgage loans. Also known as "no-doc" or "lite-doc" loans. Allow borrowers to declare their income on their loan application.

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Lending 67

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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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American Banker

OCTOBER 6, 2023

Federal Reserve Gov. Christopher Waller said during a payments conference at the Brookings Institution Friday that the FedNow payments system has already enlisted "well over 100" depository institutions for the service and expects that number to grow.

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Conference System Payments Policies 72

BankInovation

OCTOBER 6, 2023

Citi Ventures, the venture capital arm of $1.7 trillion Citigroup, is changing its investment strategy amid turbulent macro-economic conditions.

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Strategy Fintech Capital 63

The Paypers

OCTOBER 6, 2023

Intuit Mailchimp , an email marketing and automation tool, and Wix , a global SaaS platform, have announced a multi-year bilateral partnership.

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Tools Marketing 68

ABA Community Banking

OCTOBER 6, 2023

Given the need for additional funds and the lack of attractive alternatives, bank use of FHLB advances is very likely to grow and should not necessarily be interpreted as a sign of banking stress. The post The outlook for FHLB advances appeared first on ABA Banking Journal.

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Community Bank Community Data Management 52

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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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The Paypers

OCTOBER 6, 2023

US-based Forter has joined the Shopify Plus Certified App Programme to extend its fraud management solutions to Shopify Plus merchants.

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Fraud US Management 68

TheGuardian

OCTOBER 6, 2023

Lender’s stock hit all-time low after news it was exploring selling off up to 40% of mortgage book Metro Bank shares rebounded from all-time lows on Friday , amid reports that the embattled lender was sitting on a £600m offer from bondholders that could cover its looming funding pressures. Regulators have been keeping a close eye on developments at the high street lender, which needs fresh investor funding, and is exploring selling off up to 40% of its mortgage book, in order to shore up its bal

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Metro Report Capital Regulation 55

American Banker

OCTOBER 6, 2023

Regulatory scrutiny of bank-fintech partnerships has steadily increased, putting more pressure on companies like Synapse.

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Fintech Company Compliance Technology 62

The Paypers

OCTOBER 6, 2023

Wagestream has announced its acquisition of the UK-based challenger credit card startup Keebo to optimise the financial wellbeing of frontline workers.

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Cards 45

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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.

Lending

American Banker

OCTOBER 6, 2023

First Citizens extends its brand to CIT business lines, Discover launches TV campaign for debit account, Southern Michigan Bancorp announces leadership transition and more in the weekly banking news roundup.

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Michigan Leadership Branding Industry 41

Tomorrow's Transactions

OCTOBER 6, 2023

The Metropolitan Transportation Authority (MTA) has taken a giant leap forward in modernizing the way New Yorkers and visitors pay for their daily commutes with the introduction of OMNY (One Metro New York). OMNY, a contactless fare payment system, is not just another technological upgrade; it’s a game-changer that promises to revolutionize the way people… Continue reading Open Payments – A Big Hit in the Big Apple The post Open Payments – A Big Hit in the Big Apple first appeared o

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Apple Metro Payments New York 39

The Paypers

OCTOBER 6, 2023

Corporate payment specialist AirPlus International has launched its new AirPlus Intelligence platform in order to enable clients to analyse and manage their spending.

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Management Payments 41

American Banker

OCTOBER 6, 2023

If the industry keeps consolidating at its current rate, there will be roughly 500 banks in 20 years. That will likely mean the loss of competition and choice for customers in some markets.

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Industry Marketing Policies Compliance 36

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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

OCTOBER 6, 2023

Germany-based startup Kodex AI has announced it raised EUR 1.6 million in a funding round led by Signals VC to empower financial professionals with its AI solution.

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Fintech 41

The Financial Brand

OCTOBER 6, 2023

This article Digital Marketing Tactics, Trends and Tips to Know About for 2024 appeared first on The Financial Brand. How can banks and credit unions make their digital marketing more effective? Get insight from three marketing agencies on the trends they're seeing. This article Digital Marketing Tactics, Trends and Tips to Know About for 2024 appeared first on The Financial Brand.

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Trends Marketing Branding social media 38

The Paypers

OCTOBER 6, 2023

Finland-based HMD Global has updated its Nokia 2660 flip phones to support UPI Scan and Pay in a bid to make digital transactions easier and more secure.

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Security 41

The Paypers

OCTOBER 6, 2023

Customer Lifecycle Intelligence platform FullCircl has announced its partnership with nCino in order to provide data-driven experiences to SME lenders.

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Data 36

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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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