Payments Dive

FEBRUARY 5, 2024

There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

Payments 448

Payments Industry 448

American Banker

FEBRUARY 5, 2024

When customers are targeted directly with fake text messages that lead to account takeover, artificial intelligence, and in some cases generative AI, can play a role in fighting the fraud, experts say.

Fraud 83

Fraud Technology 83

BankInovation

FEBRUARY 9, 2024

Banks are identifying uses for generative AI and finding ways to make it effective and responsible. According to a Dec. 11 report by consulting giant EY, 100% of respondents said they are either already using or plan to use generative AI within their institutions.

Survey 66

Survey Report Management Capital 66

ABA Community Banking

FEBRUARY 9, 2024

Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive's efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the community bank C-suite. The post Podcast: Reducing the friction in banking appeared first on ABA Banking Journal.

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Massachusetts Community Bank Community Resources 75

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.

US

ATM Marketplace

FEBRUARY 6, 2024

The ATM industry is constantly evolving to meet the changing needs of consumers. Going into this new year, several key trends are expected to shape the future of ATMs.

ATM 110

ATM Industry Meeting Trends 110

Payments Dive

FEBRUARY 5, 2024

Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.

US 458

US Retail 458

American Banker

FEBRUARY 7, 2024

Just weeks ago, prospects seemed strong for bank stocks to regain ground after a volatile 2023. But renewed credit concerns stemming from issues at New York Community Bancorp, and the increasing odds that interest rates will remain high for months, have dampened that outlook.

New York 62

New York Community Community Bank 62

Ublocal

FEBRUARY 7, 2024

Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform , we’re introducing an easy-to-use digital investment app. You can start investing with as little as $10, joining the ranks of savvy investors right from your phone or computer.

New Hampshire 98

New Hampshire Vermont Strategy Marketing 98

American Banker

FEBRUARY 7, 2024

Anne Clarke Wolff, a longtime Most Powerful Women in Banking honoree, on why she left big banking to start her own investment bank advisory firm.

Industry 81

Industry 81

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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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Payments Dive

FEBRUARY 7, 2024

Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.

Cards 397

Cards 397

Abrigo

FEBRUARY 6, 2024

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. You might also like this upcoming webinar, "Relationship banking: 7 Keys to extraordinary results." Register Takeaway 1 Credit unions developing or tightening up an existing MBL strategy should start by engaging the board of directors to outline goals.

Lending 221

Lending How To Risk Management Policies 221

ATM Marketplace

FEBRUARY 9, 2024

As financial services providers continue their digital transformation efforts, ATMs are becoming smarter, faster and more interconnected. In this context, the importance of comprehensive ATM testing cannot be overstated.

ATM 92

ATM 92

American Banker

FEBRUARY 8, 2024

Federal prosecutors allege that Shan Hanes, the former CEO of the now defunct Heartland Tri-State Bank, illegally took money from customers to fund cryptocurrency investments. He could face up to 30 years in prison if convicted.

Kansas 99

Kansas cryptocurrency Community Bank Community 99

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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

Report

Payments Dive

FEBRUARY 7, 2024

The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.

Company 434

Company 434

Abrigo

FEBRUARY 9, 2024

ANPR to Address Residential Real Estate Money Laundering FinCEN is focusing on residential real estate money laundering. Here is what you need to know. You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.

Training 195

Training Fraud Trends Report 195

BankBazaar

FEBRUARY 9, 2024

Happy with paying your Credit Card bill by the due date? Hold on. There’s a case for paying earlier if you want to reduce your interest costs or fortify your Credit Score. Read on! Ever wondered about the optimal time to settle your Credit Card bill? Let’s explore the details. Firstly, it’s crucial to pay at least the minimum amount due by the monthly due date.

Cards 78

Cards Payments Report Examples 78

CFPB Monitor

FEBRUARY 8, 2024

On January 22, 2024, the Federal Trade Commission (FTC) entered into a Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief (the “Order”) with FloatMe Corp. (“FloatMe”), a fintech that offers short-term cash advances through its mobile app, to settle litigation brought earlier in the month against the fintech and two of its principals (collectively, “Defendants”).

Fintech 78

Fintech Mobile Lending 78

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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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Payments Dive

FEBRUARY 6, 2024

The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

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Payments 273

BankUnderground

FEBRUARY 7, 2024

Daniel Norris, Elio Cucullo and Vasilis Jacovides When borrowers enter a fixed-rate mortgage, lenders test whether they could continue to afford their mortgage if interest rates were to increase by the time it comes to re-fix. This ‘stressing’ is designed to create additional resilience for borrowers and the financial system. Over the last two years, mortgage rates have increased by over four percentage points, raising the cost of repayments for those re-fixing.

Analysis 86

Analysis Policies Data Marketing 86

BankBazaar

FEBRUARY 3, 2024

By understanding and addressing key factors like C redit S cores, income stability, debt management, and card selection , you can significantly boost your chances of C redit C ard approval. Read on for more. Whether it’s for convenience, building a credit history, or enjoying various perks and rewards, getting approved for a Credit Card can be a significant financial milestone.

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Cards How To Security Management 78

CFPB Monitor

FEBRUARY 8, 2024

With federal student loans approaching $1.7 trillion, private student loans approaching $129 billion, strident consumer group advocacy, and national elections on the horizon, student loan origination and servicing continues to be a focal point for federal and state regulators. In this episode, which repurposes a webinar, we first discuss recent developments at the Department of Education involving loan forgiveness, the framework for servicer accountability, preemption guidance, and new repaymen

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National Regulation Groups 78

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

Marketing

Payments Dive

FEBRUARY 9, 2024

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

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Fraud Regulation Payments 397

American Banker

FEBRUARY 8, 2024

Jeremy Kress, a law professor at the University of Michigan, filed a petition for rulemaking to two bank regulators, asking them to adopt an unaffiliated director standard for larger banks to address conflicts of interest between banks and their holding companies.

Regulation 91

Regulation Michigan Company Policies 91

William Mills

FEBRUARY 8, 2024

In the ever-evolving landscape of financial technology (Fintech), where innovation and competition are the norm, the ability to generate high-quality leads is crucial. For Fintech companies looking to serve financial institutions, effective lead generation is not just a strategy, it's the lifeline for sustainable growth. In this two-part series, we'll explore the intricacies of lead generation tailored to the unique challenges and opportunities within the Fintech sector.

Strategy 81

Strategy Fintech Financial Technology Innovation 81

CFPB Monitor

FEBRUARY 7, 2024

Several national and Texas banking and business trade groups have filed a lawsuit in the U.S. District Court for the Northern District of Texas challenging the final regulations (Final Rules) implementing the Community Reinvestment Act of 1977 (CRA) that were jointly adopted in October 2023 by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve Board (Agencies). .

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Texas Community Groups FDIC 78

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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.

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