Accenture
SEPTEMBER 29, 2023
One year after ChatGPT’s public launch, generative AI is probably still the hottest topic in the world of business—and with good reason. Research suggests gen AI could add almost $7 trillion to global GDP. So what, exactly, will gen AI mean for banks? Much of the conversation today around the technology generates more heat than… The post 3 Ways Generative AI Will Transform Banking appeared first on Accenture Banking Blog.
Payments Dive
SEPTEMBER 29, 2023
“There's a huge, huge upside” for the environment every time a gift card is made from paper instead of PVC plastic, Blackhawk Network Senior Vice President Cara Renfroe said in an interview last week.
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CFPB Monitor
SEPTEMBER 29, 2023
On September 14, 2023, the CFPB released Frequently Asked Questions (FAQs) regarding the Small Business Data Collection Rule (the “Rule”). These FAQs are in addition to the set published in June 2023, which are dated. Some, but not all, of the FAQs are discussed below. Covered Credit Transactions A few of the updated FAQs relate to the definition of a “covered credit transaction,” which includes the following topics: Consumer-designated credit: The FAQs reiterate that consumer-designated credit
Payments Dive
SEPTEMBER 29, 2023
The U.S. Supreme Court agreed to hear the petition of a North Dakota merchant group that sued over the Federal Reserve Board’s calculation of a debit fee cap.
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.
Jack Henry
SEPTEMBER 29, 2023
With so much to gain, it’s a great time to reconsider how today’s personal financial management tools can help support your mission of financial advocacy.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
SEPTEMBER 29, 2023
Crypto ATMs are driving traffic to convenience stores due to offering convenient access to cryptocurrency.
The Paypers
SEPTEMBER 29, 2023
Scan to Pay , in partnership with Xion Global , has announced the expansion of its payment options within the Scan to Pay app to include cryptocurrency payments for South Africans.
TheGuardian
SEPTEMBER 29, 2023
The top-paying accounts that may be worth a look before they start to disappear It could be “grab them before they’re gone” time when it comes to some of the top-paying savings accounts, assuming that UK interest rates are now at or near their peak. There are accounts on offer paying more than 6% but some savings experts said this week that those thinking of signing up may want to get a move on, as the very best deals may not be around for much longer.
BankInovation
SEPTEMBER 29, 2023
Discover Financial Services is keeping customer needs and compliance at the forefront as it tests uses for generative AI. “We have to understand what is hype versus what is reality.
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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
American Banker
SEPTEMBER 29, 2023
Flood insurance could hold up some home sales and lending, while major bank regulatory agencies will remain funded even if the government is unable to pass a funding bill before funding runs out Sept. 30.
BankInovation
SEPTEMBER 29, 2023
Citizens Bank expects to roll out 30 projects in the next nine months as it ramps up generative AI, automation and virtual assistant offerings. By the second quarter of 2024, the $222 billion, Providence, R.I.
American Banker
SEPTEMBER 29, 2023
With worries about inflation and the economy, fintechs and banks sense an opportunity for new technology that speeds transactions and slices overhead.
Bussman Advisory
SEPTEMBER 29, 2023
Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Apple Wallet’s UK Integration: Apple Wallet app can now show current account balances from UK banks Apple is introducing a new feature in its iPhone Wallet app, le
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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
American Banker
SEPTEMBER 29, 2023
In September's roundup of top banking news: Truist Financial promises to cut costs by roughly $750 million; former Wells Fargo exec Carrie Tolstedt is sentenced to three years probation; and more.
The Paypers
SEPTEMBER 29, 2023
ID verification solution provider Shufti Pro has partnered with Aconomy to offer users a secure real-world asset-backed DEX.
American Banker
SEPTEMBER 29, 2023
The Golden State appears poised to preempt the Securities and Exchange Commission by enacting rules that would require larger firms to make detailed disclosures about their greenhouse gas emissions. Banking groups are concerned that the state regime won't align with federal rules.
Commercial Lending USA
SEPTEMBER 29, 2023
Types of commercial loans: There are several alternative commercial loan options available to businesses beyond traditional bank loans.
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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.
The Paypers
SEPTEMBER 29, 2023
US-based integrated payments firm Shift4 has partnered with Amazon in order to deliver customers a checkout-free shopping experience at stadiums and arenas.
American Banker
SEPTEMBER 29, 2023
Commercial real estate borrowers, including vulnerable office tower landlords, are increasingly struggling to make payments and, as a result, more lenders are expected to report higher credit costs.
The Paypers
SEPTEMBER 29, 2023
US-based digital transformation company Genpact has expanded its collaboration with Amazon Web Services (AWS) to augment financial crime risk operations with AI and LLM.
American Banker
SEPTEMBER 29, 2023
Shinhan Bank America faces a $15M penalty for willful BSA violations linked to inadequate BSA/AML monitoring that the Financial Crimes Enforcement network said enabled tax evasion, corruption and money laundering to flow through the institution.
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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.
The Paypers
SEPTEMBER 29, 2023
Digital banking tech provider Codebase Technologies has announced a partnership with digital commerce enabler Network International to launch a Banking-as-a-Service (BaaS) solution in the Levant region.
American Banker
SEPTEMBER 29, 2023
In a Wednesday Congressional hearing, an assistant superintendent explained why her school district decided to pay a ransom to cyber criminals. It's a cautionary tale for banks, which are often targets.
The Paypers
SEPTEMBER 29, 2023
US-based cryptocurrency custody company Fireblocks has bought BlockFold , a smart contract development and consulting company, to enrich its tokenization capabilities.
American Banker
SEPTEMBER 29, 2023
Federal Reserve Chair Jerome Powell said the central bank would not hesitate to take rates to their lower bound again, despite the challenges that rising rates have posed to banks. Economists and policy experts say other parts of the crisis playbook warrant reconsideration.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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