Trending Articles

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CFPB’s future hangs in the balance after a wild weekend

Payments Dive

Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.

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DOGE recommends terminating CDFI Fund contracts

ABA Community Banking

A team led by Elon Musk is recommending that the Treasury Department cancel hundreds of contracts funded through its Community Development Financial Institutions Fund, according to an alert by the CDFI Coalition. The post DOGE recommends terminating CDFI Fund contracts appeared first on ABA Banking Journal.

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Cash App, Venmo app downloads decline

Payments Dive

Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.

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Investment accounting compliance: How technology helps

Abrigo

Meeting investment accounting and reporting requirements The right technology tools can help institutions manage investment accounting compliance and risk exposure across various investment types. Key topics covered in this post: Compliance risks of investment accounting Reducing "Key Person Risk" A single source of truth for pledging, collateral & risk management Faster closings and better decisions Streamlining regulatory adherence Financial institutions thrive on their ability to manage

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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HSBC considering boosting new CEO’s pay package to £15m

TheGuardian

Planned overhaul would see Georges Elhederys salary cut, with bonuses potentially raising maximum pay by 43% The new chief executive of HSBC, Georges Elhedery, could scoop a maximum pay package worth more than 15m as part of a potential deal being put to its biggest shareholders. The banks remuneration committee is testing whether investors are receptive to an overhaul that would slash Elhederys salary but boost his potential bonus payouts and ultimately raise his maximum pay package by nearly 4

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Treasury responds to concerns about Musk ‘meddling’

Payments Dive

A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.

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Cannabis lending for financial institutions: Opportunities, risks, and best practices

Abrigo

This article covers these key topics: Types of lending needs cannabis companies have to build their businesses Understanding the risks and opportunities of CRB lending The challenges financial institutions face when working to increase cannabis lending How to seize the opportunity with a balanced approach to CRB lending Is lending to CRBs right for your institution?

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Why Bother With Instant Payments? | FinTalk

Jack Henry

Whenever someone asks me what the benefits of instant payments are, the unspoken question often left lingering in the air (or sometimes said out loud not all of you are as sensitive to my tender feelings ) is, My accountholders arent asking for instant payments, so why should I care?

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Rothschild braces for more ‘skeletons in the cupboard’ over conduct of late chair

TheGuardian

Exclusive: Bank holds crisis meeting to discuss response to news that Sir Evelyn de Rothschild left after allegation of sexual misconduct Senior bankers at Rothschild & Co gathered on Tuesday in a meeting room at its St Swithins Lane headquarters in the heart of the City of London to discuss a memo that would shake the storied financial group to its foundations.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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NVIDIA's survey highlights companies' view of AI

The Paypers

NVIDIA 's survey ‘State of AI in Financial Services’ has revealed that firms are using AI to boost revenue and discover new business prospects.

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Navigating M&A accounting: key considerations for financial institutions

Abrigo

What financial institutions need to know before a merger or acquisition The resurgence of mergers and acquisitions (M&A) in the banking sector presents both exciting opportunities and complex financial challenges. With 43% of bank leaders indicating they are likely to acquire another institution by 2025, understanding the nuances of M&A accounting is critical to a successful transaction.

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Musk's team can access Treasury systems. What could go wrong?

American Banker

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds.

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Evelyn de Rothschild left bank in 2004 after sexual misconduct complaint

TheGuardian

Rothschild & Co investigated complaint against the late financier in 2003 and he left shortly afterwards The financier Sir Evelyn de Rothschild left the bank that bears his family name in 2004 after an investigation into a sexual misconduct complaint, it has emerged. Staff at Rothschild & Co were told on Wednesday that the late banker, who was a financial adviser to Queen Elizabeth II, left in March 2004 after the complaint in late 2003.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Generative AI is the Netscape moment

ATM Marketplace

Generative AI isn't about replacing jobs. It's about enhancing workflows. It's the Netscape moment of our time.

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Cashless concerts and events catch on

Payments Dive

By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.

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Love and lies: How financial institutions can help prevent confidence scams

Abrigo

The basics of confidence scam detection for banks and credit unions As Valentines Day approaches, many people are eager to find meaningful connections. Unfortunately, scammers take advantage of this time to exploit vulnerable individuals through confidence scams, one of the most prevalent and costly types of fraud in the U.S. Key topics covered in this post: How confidence scams work Red flags of a confidence scam Financial institutions' role in prevention Protecting clients, yourself, and you

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Worldpay acquires fraud detection tech firm Ravelin

American Banker

Cincinnati-based processor has agreed to buy a London technology firm that uses artificial intelligence to build advanced models to manage fraud risk.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Payment Protection: Safety Beyond the Track

SWBC's LenderHub

Even the best drivers hit bumps in the road. Just like a winning racecar driver needs a quality pit crew to keep them speeding ahead on the track, your borrowers need a safety net to help keep their finances stable should the unexpected happen. Payment Protection does just that, protecting both the borrower and your institution when qualifying life events impact your borrowers ability to make their loan payments.

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Access Bank Nigeria selects Integral's FX technology

The Paypers

Currency technology provider Integral has announced that Access Bank Nigeria integrated its solutions to support its regional expansion and improve its FX pricing and distribution abilities.

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Klarna, JPMorgan to offer BNPL to business clients

Payments Dive

The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

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Cash recycling delivers cost savings

ATM Marketplace

Cash recycling delivers optimization and better customer and employee experiences.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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BNY first to transfer $10 million over Clearing House RTP network

American Banker

It was the largest U.S. transaction ever to instantly settle, following The Clearing House's new transaction ceiling that went into effect Sunday.

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ABA vice chair testifies before House on community banks’ economic role

ABA Community Banking

Community banks are an important part of the U.S. financial system and play a crucial role in both local communities and the national economy, ABA Vice Chair Cathy Owen told members of the House Financial Services Committee. The post ABA vice chair testifies before House on community banks economic role appeared first on ABA Banking Journal.

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Klarna partners with J.P. Morgan Payments

The Paypers

Klarna has partnered with J.P. Morgan Payments to introduce Klarna’s BNPL options to businesses using J.P. Morgan Payments for payment processing.

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PayPal dinged over branded service’s slow growth

Payments Dive

Consumer uptake of the payments pioneer’s flagship payments tool was lackluster last year. The company promised skeptical analysts more growth this year.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.