Payments Dive

MAY 28, 2024

The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

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US Cards Payments 261

Alex Jimenez

MAY 28, 2024

For the past few years I’ve noticed that more and more banking and banking technology articles about the future of banking seem to be informed by dubious claims. The writers derive these claims from customer opinion polls and immediately jump to conclusions without understanding survey methodology. Some researchers and consultants conduct customer opinion surveys with biased questions and limited responses.

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Survey Strategy ATM US 78

Payments Dive

MAY 24, 2024

Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.

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South State Correspondent

MAY 22, 2024

Between now and the end of 2027, it is estimated that $2.2T of office loans is coming due. Much of this product lies on banks’ balance sheets. A high percentage of those office loans on banks’ balance sheet are balloon structures where the bulk of the loan’s principal is due. Equally worrisome is the large number of loans on banks’ balance sheets that are due for a rate reset where the interest rate will be almost double, thereby putting stress on borrowers.

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Lending Marketing Philadelphia San Francisco 195

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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BankInovation

MAY 23, 2024

TD Bank is exploring the use of generative AI within its institution through pilot programs. “Understanding how generative AI can be used to augment the work of our colleagues has always been our focus,” Imran Khan, head of TD Invent, the bank’s innovation arm, told Bank Automation News.

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Innovation 115

Jack Henry

MAY 24, 2024

What’s more extensible than a product that allows you to solve a variety of use cases by combining components to suit your needs? Click to learn more.

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Fintech Digital Banking Technology 97

Payments Dive

MAY 24, 2024

The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

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Capital Retail Cards 419

ABA Community Banking

MAY 23, 2024

Roughly 30% of military families cite low income and lack of stability as a “primary challenge” they face with their current financial products and services, according to a new survey by the Fort Leavenworth, Kansas-based Armed Forces Bank. The post Bank survey: Military families cite low income, inflation as financial product challenges appeared first on ABA Banking Journal.

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Survey Kansas Community Bank Community 97

BankInovation

MAY 22, 2024

JPMorgan Chase has identified three uses for generative AI to boost efficiency. “AI, and particularly large language models, will be transformational,” Chief Operating Officer Daniel Pinto said during the bank’s Investor Day on May 20, noting that the bank has been investing in AI for “a number of years.” The $3.

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Operations 112

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ATM Marketplace

MAY 28, 2024

At a time when a seamless customer journey is more important than ever, vertical integration allows organizations to prioritize customization, increase connectivity and develop software and hardware systems that keep customers happy and engaged.

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Software System 69

BankUnderground

MAY 23, 2024

Marco Garofalo, Giovanni Rosso and Roger Vicquery Most international trade is denominated in dominant currencies such as the US dollar. What explains the adoption of dominant currency pricing and what are its macroeconomic implications? In a recent paper , we explore a rare instance of transition in aggregate export invoicing patterns. In the aftermath of the depreciation that followed the Brexit referendum in 2016, UK exporters progressively shifted to invoicing most of their exports in dollars

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Data Study Policies Exercises 91

BankInovation

MAY 22, 2024

Fintech Lili, which provides a business platform for small and medium-sized businesses, has teamed up with Amazon Web Services to deploy a generative AI-driven chatbot for its customers.

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Fintech 111

Commercial Lending USA

MAY 28, 2024

You can get commercial property financing with debt service coverage ratio loans or DSCR loan requirements.

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Lending 97

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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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TheGuardian

MAY 26, 2024

First-quarter earnings show £580m pool, reflecting increase in share price as bonus cap scrapped in UK London bankers at Goldman Sachs have seen their pay pot jump by more than 20% so far this year, as the bank’s surging share price added to the prospect of bumper payouts after bonus caps were lifted in the UK. Filings covering Goldman Sachs International’s (GSI) first-quarter earnings show that it built up a $735m (£580m) pay pool in the three months to March, averaging out at about $218,000 (£

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Payments Dive

MAY 28, 2024

The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.

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Management 222

American Banker

MAY 22, 2024

The Consumer Financial Protection Bureau issued a new interpretive rule designating buy now/pay later lenders as credit card providers, subjecting those services to consumer protections like the right to dispute charges and receive refunds.

Cards 90

Cards Policies Compliance Lending 90

BankInovation

MAY 28, 2024

Lia Cao, global head of embedded finance and solutions at J.P. Morgan Payments, is focused on meeting consumers where they want to be met through integrated banking services. “Consumer demand is driving significant interest in embedded banking and alternative payment methods,” Cao told Bank Automation News. To keep up with demand, J.P.

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Payments Meeting 66

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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

MAY 22, 2024

The Hong Kong Monetary Authority ( HKMA ) and the People’s Bank of China ( PBoC ) have advanced the e-CNY pilot for cross-boundary payments, expanding its scope in Hong Kong.

Payments 69

Payments 69

Realwired Appraisal Management Blog

MAY 22, 2024

Appraisers undervalue their worth. The bank C-Suite is largely unaware of the market knowledge depth of their own appraisal department. Their approved appraiser vendors are top-notch. Both are integral to the stability of the real estate industry.

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Data Industry Marketing 59

Payments Dive

MAY 29, 2024

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.

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American Banker

MAY 22, 2024

Executives from JPMorgan Chase, Bank of America and Wells Fargo are expected to get grilled in Congress this summer over victims of Zelle scams who don't get reimbursed. A Senate panel has spent much of the last year examining fraud on the bank-owned payments network.

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Fraud America Payments Compliance 87

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 28, 2024

Scotiabank saw digital adoption among customers and its tech spend tick up during its fiscal second quarter 2024. The Toronto-based bank reported active mobile users increased 10% year over year to 4.3 million, while its digital adoption rate increased 2.7% YoY to 64.5% in Canada in the quarter ended April 30.

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Report Digital Banking Mobile Retail 64

The Paypers

MAY 23, 2024

Trading and investment platform eToro has partnered with Arabesque AI to launch a new Sharia-compliant portfolio for users in the Middle East.

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77

BankUnderground

MAY 22, 2024

Nuri Khayal and Jonathan Loke Many households in the UK have seen their mortgage payments go up since mortgage rates started to increase in 2022. In the current environment of higher rates, the question of how much a household can comfortably spend on their mortgage payments before getting into financial distress is particularly relevant. This blog shows that households which spend a larger share of their income on mortgage payments are at a higher risk of being in arrears.

Survey 55

Survey Lending Policies Analysis 55

Payments Dive

MAY 23, 2024

“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.

Cards 222

Cards Payments 222

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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