Payments Dive

MAY 15, 2024

Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.

Meeting 369

Meeting Capital 369

South State Correspondent

MAY 15, 2024

Bankers have been taught to diversify their loan portfolio to reduce idiosyncratic (individual borrower) risk and to stabilize earnings. The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

Community Bank 195

Community Bank Community Lending Study 195

Payments Dive

MAY 9, 2024

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

System 419

System Payments 419

BankInovation

MAY 15, 2024

AI and generative AI applications continue to dominate conversations within the financial services industry, but implementing generative AI is near impossible if bank data isn’t standardized and accessible. What makes good data?

Data 109

Data Fintech Industry Technology 109

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TheGuardian

MAY 12, 2024

Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts

Report 111

Report US Industry America 111

Payments Dive

MAY 14, 2024

The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

ATM 370

ATM cryptocurrency Retail 370

American Banker

MAY 15, 2024

As part of a sweeping digital enhancement of its consumer payment cards, Visa will enable banks to issue an account as a credit, debit, virtual or Pay in 4 installment loan, based on the user's preference at the time of purchase.

Cards 95

Cards Payments 95

ATM Marketplace

MAY 14, 2024

Cardless ATMs are paving the way for a more convenient banking experience by enabling Google and Apple Pay transactions.

ATM 107

ATM Google Apple 107

TheGuardian

MAY 13, 2024

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economy For a long time the traditional length of a UK mortgage has been 25 years, but runaway house prices and, more recently, dramatically higher borrowing costs are prompting more and more people to “go long” on their home loans. On Monday, the former pensions minister Steve Webb revealed that younger homebuyers were increasingly being forced to gamble with their retirement prospe

Marketing 97

Marketing Lending 97

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Commercial Lending USA

MAY 14, 2024

Businesses can get low-interest commercial loans to help them with things like growing, buying tools, or keeping track of their inventory.

Tools 98

Tools Lending 98

American Banker

MAY 14, 2024

Part of the Consumer Financial Protection Bureau's mandate is to educate consumers by providing reliable information. With its credit card late fee "report" and the associated rulemaking, it has failed to live up to that responsibility.

Policies 92

Policies Data Cards Report 92

BankUnderground

MAY 16, 2024

Adam Brinley Codd, Daniel Krause, Pierre Ortlieb and Alex Briers We both drive cars, but the US drives on the right while the UK drives on the left. We both walk, but we do so on sidewalks in the US and pavements in the UK. We both have asset managers, who want to take leveraged positions in interest rates. US asset managers had around US$650 billion of long treasury futures in June 2023.

Comparison 66

Comparison US Strategy Marketing 66

ATM Marketplace

MAY 10, 2024

Bradley Cooper, editor of ATM Marketplace discussed bank layoffs in light of CX with Mack Turner, a 30 year veteran of the financial services industry,

ATM 84

ATM Industry 84

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Commercial Lending USA

MAY 13, 2024

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Lending 98

Lending US 98

Payments Dive

MAY 13, 2024

Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

Payments 395

Payments 395

American Banker

MAY 15, 2024

Companies such as Synctera, Treasury Prime and Unit are diversifying their services or enabling more direct contracts between banks and fintechs to survive in an evolving regulatory environment.

Fintech 83

Fintech Company Compliance Technology 83

William Mills

MAY 14, 2024

In a constantly evolving world and financial landscape, understanding today’s trends will guide future decision making and allow banks and credit unions to prepare their financial institution for the future.

Report 71

Report Trends Fraud Lending 71

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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.

Lending

Cisco

MAY 15, 2024

The Digital Operational Resilience Act (DORA) offers financial service institutions the chance to enhance operational resilience and competitive advantage through compliance, with Cisco providing a comprehensive suite of solutions to support FSIs in meeting these new regulatory requirements.

Compliance 62

Compliance Operations Meeting Industry 62

TheGuardian

MAY 14, 2024

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’ Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned.

Regional 73

Regional Operations 73

Payments Dive

MAY 16, 2024

Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.

National 222

National 222

American Banker

MAY 15, 2024

Amex is working with Worldpay to reach businesses in the U.K., Western Union has resumed remittances to Cuba after shutting down that corridor in 2020, and more.

Payments 83

Payments 83

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

BankInovation

MAY 13, 2024

Major banks in the United States are increasing tech investment for added efficiencies and frictionless digital experiences — which has become the consumer’s expectation since the pandemic.

United States 73

United States Customer Experience Operations How To 73

The Paypers

MAY 13, 2024

Switzerland-based Temenos has announced the launch of its Responsible Generative AI solutions as part of its artificial intelligence infused banking platform.

85

85

BankUnderground

MAY 15, 2024

Adam Muhtar and Dragos Gorduza Imagine a world where machines can assist humans in navigating across complex financial rules. What was once far-fetched is rapidly becoming reality, particularly with the emergence of a class of deep learning models based on the Transformer architecture ( Vaswani et al (2017) ), representing a whole new paradigm to language modelling in recent times.

Training 64

Training Regulation Policies Data 64

Payments Dive

MAY 15, 2024

The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

System 244

System Payments Company 244

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Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Data