Tue.Sep 20, 2022

article thumbnail

House lawmakers add credit card competition bill

Payments Dive

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.

Cards 370
article thumbnail

10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Last week, the American Banking Association (ABA) held its annual Bank Marketing Conference in Denver, receiving rave reviews. The theme was – developing your marketing superpowers. Amid the brewery networking, superhero costumes, and fun, some fantastic bank marketing lessons were had, and not just for bank marketers. The theme was how marketing needs to be better integrated into all facets of the bank, from data to talent acquisition, but how other lines of business can benefit from learning m

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tipalti introduces new card

Payments Dive

After entering the U.K. last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees.

Cards 195
article thumbnail

Fixed Rate Loan Risk – Rethinking The 5-Year Offering

South State Correspondent

For decades community banks have taken on fixed rate loan risk mostly through the offering of five-year, fixed-rate, commercial term loans. This is probably the most popular structure for real estate-secured term credit at community banks. Now may be the right time for community banks to abandon this strategy – both for the borrowers who want to eliminate repricing risk (for good credit reasons) and for banks that are taking unwanted duration risk.

article thumbnail

The Executive Guide to Generative AI

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

article thumbnail

Americas FinServ Digital Commentary – Fall 2022: Three Ways to Accelerate Digital Transformation

Cisco

2022 has been a bloodbath on Wall Street. Bear traps are everywhere. We all feel it…and it hurts. Geopolitical issues shock the conscience. Threat of a recession. High interest rates. Through it all, Bank, Insurance and Wealth Management decision-makers have face increased pressure to focus on three fundamental strategic priorities – Business Growth, Cost Reduction, and Risk Reduction – to accelerate digital transformation.

America 99

More Trending

article thumbnail

Inside Marketing: How Credit Unions Can Recession-Proof Digital Marketing Strategy

William Mills

Although reports indicate that the U.S. produced 528,000 jobs in July , those paying attention to recent headlines are well aware that the economy is on the cusp of another recession. Inflation is at its highest peak in 40 years , and tightened rates from the Fed pose a threat as we look to 2023.

article thumbnail

Money is running out to pay for our Fairtrade products

TheGuardian

Santander hasn’t transferred our balance to a new Lloyds account and we need it to pay Traidcraft I am the administrator for a Fairtrade stall run weekly by our branch of Churches Together. We buy Fairtrade products on 30 days’ credit from Traidcraft and sell them on our stall and to other local churches. Continue reading.

Groups 69
article thumbnail

3 automations Citi Ventures is eyeing for 2023

BankInovation

SEATTLE — Citi Ventures is investing in fintechs that focus on data security and developer productivity this year and is already eyeing an expanding portfolio for 2023. Citigroup’s venture capital subsidiary has an investment plan that answers the question: “What are the interesting companies and trends and how does that intersect with the strategic needs […].

Seattle 52
article thumbnail

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi

FICO

Home. Blog. FICO. Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. FICO Admin. Thu, 08/22/2019 - 12:37. by TJ Horan. expand_less Back To Top. Tue, 09/20/2022 - 11:50. My colleague Dr. Scott Zoldi , Chief Analytics Officer of FICO, is one of the driving forces of the artificial intelligence (AI) and decisioning technology that powers FICO® Falcon and an entir

Fraud 52
article thumbnail

8 Sins of a Manual Reconciliation

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

article thumbnail

Embedded finance ups stakes for responsible data use

BankInovation

SEATTLE — Embedded finance adoption is highlighting the importance of responsible data usage for banks and fintechs. As demand for real-time payments surges, customers must be assured that sensitive information is secure and their financial institution is transparent in how it treats customer data, Paul Margarites, head of commercial digital platforms at TD Bank, said […].

Data 52
article thumbnail

What is an unsecured personal loan?

PopularBank

Do you feel like you’re being crushed under the weight of credit card debt, high-interest loans, or a major financial emergency? An unsecured personal loan 1 might help you. An unsecured personal loan allows you to borrow money without pledging an asset (e.g., a house or car) as collateral. Instead, you can borrow money with an agreement that you will re-pay your loan plus interest within a specified timeframe.

Cards 52
article thumbnail

U.S. Bank focuses on APIs, automations to streamline workflows

BankInovation

SEATTLE — U.S. Bank is tying its APIs into a workflow within the bank’s central tools to automate previously manual services and streamline bank processes. The project was disclosed by Ian Eslick, chief technology officer for enterprise architecture and engineering at the $587 billion bank, during a fireside chat today at Bank Automation Summit Fall […].

Seattle 52
article thumbnail

Taco language tales get even more twisted in France | Brief letters

TheGuardian

Taqueria tangles | Taxing bankers’ bonuses | Energy bills in the 70s | Cycling safely | Empty-nest guidance Re the legal row over the use of the word “taqueria” ( Row between London taco restaurants gets spicy over use of ‘taqueria’, 16 September ), here in Challans, Vendée, we have a sign that reads “O’Tacos: Original French Tacos” (yes, it’s in English), which is wrong on so many levels.

Taxes 46
article thumbnail

The Forrester Wave™: AI/ML Platforms: Vendor Strategy, Market Presence, and Capabilities Overview

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

article thumbnail

White House digital asset report lays the groundwork for CBDC

American Banker

Report 96
article thumbnail

South Africa AML greylist risk a concern for banks

The Banker

The South African government is mounting a legislative response to avoid joining the FATF monitoring list, but time is running short. James King reports.

Report 36
article thumbnail

Citi sets new diversity goals for recruitment, retention

American Banker

article thumbnail

The Bank of Russia is testing its digital rouble platform

The Paypers

The Central Bank of the Russian Federation has begun testing the digital rouble platform and has completed a cycle of transfers between individual clients.

29
article thumbnail

Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

article thumbnail

Fifth Third launches new warehouse business for mortgage lenders

American Banker

article thumbnail

Teenit partners Nordigen to obtain open banking data

The Paypers

Netherlands-based Teenit has partnered Latvia-based Open Banking provider Nordigen in order to obtain accurate transactional data and balances in real time.

Data 22
article thumbnail

New York regulator warns banks not to sacrifice equity in climate fight

American Banker

article thumbnail

Intesa Sanpaolo is under inquiry by Italy's antitrust

The Paypers

Italy’s antitrust has launched an inquiry into Intesa Sanpaolo over an alleged unfair practice while marketing real estate mortgages at fixed and variable rates.

article thumbnail

10 Keys to AI Success in 2023

An organization’s path to AI success can be full of obstacles, from a proper assessment of its own AI maturity, to a better alignment between business and technical teams, many factors can influence the outcomes. All of this is tightly intertwined with a myriad of complicated technical decisions that can make or break any long-term AI strategy. While AI progress is hard, companies don’t have to get stuck in an endless loop of inertia on their path to value-driven AI.

article thumbnail

Conexus Credit Union in Saskatchewan names first female CEO

American Banker

69
article thumbnail

Compliance Question: Is Your Fine Print Ruining the Customer Experience?

Digital Growth Institute

“What is the reason for customers having friction with the online account opening process? It’s not a streamlined process. It is very cumbersome and not user-friendly.” -Jordan Ennest.

article thumbnail

European banks promising diversity appoint only male CEOs

American Banker

article thumbnail

Barclays and Priceline launch PricePoints, a credit card rewards feature

The Paypers

UK-based multinational banking player Barclays has partnered with online travel deals provider Priceline to launch the loyalty feature PricePoints of the Priceline VIP Rewards Visa card.

Cards 15
article thumbnail

A Modern Approach to C&I Lending: 8 Facts Lenders Need to Know

What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.