Tue.Jun 04, 2024

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Will cash ever go away?

ATM Marketplace

Is cash on its way out or will it stick around for the future?

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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Read some hot topics discussed by the conference's opening panel. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance.

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Top JPMorgan payments executive exits

Payments Dive

Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

Payments 273
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Senior bank leaders must articulate a clear strategy for adopting AI

American Banker

Integrating artificial intelligence into banking operations needs to be done with a clear business purpose in mind, and the articulation of that purpose needs to come straight from the top of the organization.

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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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FTC delves into scam payments

Payments Dive

In consumer fraud complaints to the federal agency last year, PayPal and Cash App were cited as apps often used by consumers to pay scammers.

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New rule makes BNPL sustainable in long term, experts say

BankInovation

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.

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New lifeline for bank customers as ‘super-ATMs’ go on trial in England

TheGuardian

Residents in areas without branches can withdraw and deposit cash with various high street banks using one machine The first in a planned wave of new “super-ATMs” allowing customers of multiple banks to make cash deposits and free withdrawals have opened for business. Described as a UK industry first, major high street banks have worked together to install “multi-bank deposit ATMs” that could offer a lifeline for residents and small businesses in areas that have in some cases lost all their bank

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Podcast: AI prescription for banks

BankInovation

Financial institutions look to their tech providers to help them embrace new technologies, including AI. At cloud-based fintech nCino, Chief Industry Innovation Officer Anthony Morris works to identify technologies that banks need to implement to keep up with the “industry ahead of them,” he tells Bank Automation News on this episode of “The Buzz” podcast.

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CEO pay went down at most banks last year. These five were outliers.

American Banker

The compensation committees at PNC, BOK Financial and a few other banks decided that their top leaders performed well amid industry challenges, and rewarded them for it.

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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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ECB launches consultation on cloud outsourcing guidelines

The Paypers

The European Central Bank has launched a public consultation on its new guide concerning the outsourcing of cloud services to cloud service providers.

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Is the CFPB reining in buy now, pay later loans too soon?

American Banker

A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.

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BNY Mellon adds PayPal, Venmo to automated routing solution

BankInovation

BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision.

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Token.io unveils hosted pages for enhanced Pay by Bank experiences

The Paypers

A2A payment infrastructure provider Token.io has launched hosted payment pages to enhance Pay by Bank experiences by boosting conversions and simplifying integrations.

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Live Demo: How to Achieve Reconciliation Zen

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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German American Bancorp sells insurance unit, amplifies deal trend

American Banker

The Indiana bank said it struck a $40 million cash deal to sell its insurance brokerage to the Hilb Group. It joined a growing number of lenders announcing such transactions.

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ModernFi integrates with Q2's Digital Banking Platform

The Paypers

US-based API-driven deposit network ModernFi has announced its integration with Q2 ’s Digital Banking Platform via the latter’s Partner Acceleration Program.

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Data breach at debt collector affects more than 3.2 million people

American Banker

Financial Business and Consumer Solutions disclosed a February breach in April and recently disclosed an expanded victim count. The company faces a class action lawsuit.

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Ria Money Transfer partners with dLocal

The Paypers

US-based Ria Money Transfer has partnered with cross-border payment platform dLocal to offer improved transfers in three regions.

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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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Plaid deploys AI to spot unconventional consumer cash-flow sources

American Banker

The San Francisco fintech's newest product seeks to improve lenders' underwriting decisions by identifying gig-work wages, buy now/pay later loans and other income streams gleaned from bank-account data.

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Temenos partners with Mastercard

The Paypers

Temenos has announced its partnership with Mastercard in order to expand cross-border payment capabilities through the use of Mastercard Move.

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Regulators are laying the groundwork to rein in private credit

American Banker

As the private credit market swells, federal regulators and lawmakers continue to debate how and whether to apply oversight and heightened scrutiny to the market. But whether anything happens depends on whether President Biden wins a second term.

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Marqeta partners with Lydia

The Paypers

Global card issuing platform Marqeta has announced the expansion of its partnership with Lydia in order to develop a new digital banking application, Sumeria.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

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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Otting takes on NYCB's chair role as turnaround proceeds

American Banker

Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.

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Numeral joins forces with BNP Paribas

The Paypers

Banking aggregation and payment automation platform Numeral has entered a collaboration with BNP Paribas to provide further capabilities to payment companies.

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There's no right way to set minimum bank capital

American Banker

A recent white paper from former Federal Reserve Gov. Daniel Tarullo suggests that the stress testing regime should be decoupled from bank capital requirements. But if stress testing isn't an effective means of assigning minimum regulatory capital levels, what is?

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Fenergo launches AI-powered CLM

The Paypers

Ireland-based Fenergo has launched AI-powered client lifecycle management (CLM) to enable efficiency gains amid intensifying regulation and cost challenges.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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