Wed.Jan 12, 2022

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Listen To Mark Cuban Break Down NFTs and How the Dallas Mavericks Use Them To Create Fan Value

Perficient

I was super excited when I first heard that Perficient’s Jim Hertzfeld and Kim Williams-Czopek were interviewing Mark Cuban, the owner of the Dallas Mavericks, Shark Tank host and investor, and entrepreneur, on their What If So What? podcast. Not entirely surprising, but Cuban said more people probably know him as the “Shark Tank guy” than as the Mavs owner…and indeed, even fewer people know about his earlier days when he started MicroSolutions (sold to CompuServe) and Broadcast.com (sold to Yah

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By the numbers: 9 out of 10 FI consumers use digital payments such as Zelle

BankInovation

The future of payments is contactless, if 2021 is any indication, as digital payment services like Zelle and PayPal become increasingly ubiquitous. Ninety-three percent of 2,000 adults surveyed in a recent study by $3.3 trillion JPMorgan Chase said they used one or more digital payment services in 2021. The study, which delves into digital banking […].

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Fed set to automate non-merger-related adjustments to member banks’ capital stock subscriptions

Banking Exchange

The Federal Reserve has finalized a rule to automate non-merger-related adjustments to member banks’ subscriptions Compliance Duties Management Feature Feature3 M&A Compliance Management Compliance/Regulatory.

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BMO Chief Technology Officer Victor Tung to speak at Bank Automation Summit

BankInovation

Bank of Montreal (BMO) U.S. Chief Technology and Operations Officer Victor Tung will join Bank Automation Summit 2022 for a panel discussion on Tuesday, March 1, at 2:15 p.m. ET at the JW Marriott in Charlotte, N.C. The panel, “Moving Financial Institutions Rapidly Into the Future,” will center around automation innovation in financial services, with […].

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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

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Eleventh Circuit schedules February 22 oral argument in Hunstein en banc rehearing

CFPB Monitor

The U.S. Court of Appeals for the Eleventh Circuit has scheduled oral argument in the rehearing en banc in Hunstein v. Preferred Collection and Management Services, Inc. for February 22, 2022. After ordering the rehearing en banc in November 2021, the Eleventh Circuit issued a memorandum indicating that for purposes of the rehearing, the Court wanted counsel to focus their briefs on the question: “Does Mr.

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Citi to exit consumer and small business banking in Mexico

Banking Exchange

Decision is part of a wider strategic refresh Retail Banking Management Feature Financial Trends Lines of Business Feature3 Small Business.

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Digital River and VTEX partner for global expansion

The Paypers

US-based global commerce enabler Digital River has teamed with ecommerce platform VTEX and created an integrated solution for cross-border selling.

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First Financial Bank President to Join Federal Reserve Bank of Cleveland Board

Banking Exchange

Archie Brown has been president and CEO of First Financial Bank since 2018 Community Banking Feature3 Feature Human Resources Management.

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Enterprise Fraud Management: Latest Trends and Technology

FICO

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Our lively discussion touched on a wide range of topics, and I encourage you to watch our entire talk for all the details.

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The State of Automation in Financial Services 2024 Report

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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Civista to acquire Comunibanc for $50.2 million

Banking Exchange

The merger will create a company with total assets of approximately $3.3 billion Management Feature M&A Feature3 Community Banking.

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The Home Depot launches new credit options for Pro customers

The Paypers

US-based retailer The Home Depot has introduced the Pro Xtra credit card, a new iteration of its Commercial Revolving Charge, as well as updates to its commercial account card.

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Edwards Discusses Innovation, Talent, Hot Policy Issues on IntraFi Podcast

ABA Community Banking

Past ABA Chair Jim Edwards was interviewed on the most recent episode of the IntraFi Network’s Banking with Interest podcast. In the interview, Edwards discussed how he has championed emerging leader talent development as CEO of United Bank in Griffin, Georgia. The post Edwards Discusses Innovation, Talent, Hot Policy Issues on IntraFi Podcast appeared first on ABA Banking Journal.

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Half of crypto owners want their salaries in crypto

The Paypers

New research reveals that 55% of crypto owners – rising to 60% of 18-24 year olds – would rather get paid their salary in cryptocurrency.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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CFPB likely to punt data-sharing rule into 2023

American Banker

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Railsbank delivers customisable BNPL solution for retailers

The Paypers

UK-based Railsbank has launched a new white label Buy Now, Pay Later credit solution that enables retailers to offer their own branded, fully-integrated BNPL payment experiences.

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Banks form consortium to mint USDF stablecoins

American Banker

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Cogent Bank partners Tassat for real-time blockchain payments

The Paypers

Cogent Bank has announced its B2B clients will have access to TassatPay , a blockchain-based, real-time payment platform deployed within the US banking system.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Regulators to peer into the cloud

The Banker

UK regulators are taking steps to look under the bonnet of cloud service providers, viewing them as a potential threat to bank resilience. By Justin Pugsley.

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Lynx announces its metaverse payments strategy

The Paypers

Canada-based Lynx has extended its financial infrastructure to include support for metaverse based services.

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Technology Is Only One Piece of True Digital Transformation in Banking

The Financial Brand

Banks and credit unions have readily embraced 'digital transformation,' but few understand what it entails beyond customer-facing apps. The post Technology Is Only One Piece of True Digital Transformation in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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NordVPN finds over 4 million payment cards on the dark web

The Paypers

Security service provider NordVPN has analysed 4 million credit cards for sale on the dark web, belonging to citizens of 140 countries.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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SBA direct lending would be a fraud magnet: GOP lawmakers

American Banker

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i2c facilitates expansion in the US for Euro Asia Pay's Hero Financials

The Paypers

i2c , a US-based payment service provider, has partnered with Canada-based fintech Euro Asia Pay (EAP) to establish a foothold in the US for EAP’s full-service alternative banking solutions.

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New Data: People Don’t Trust Open Banking or Fintechs, But Use Both

The Financial Brand

It may take years for the U.S. to fully embrace open banking, even though consumers routinely link third-party apps to their bank accounts. The post New Data: People Don’t Trust Open Banking or Fintechs, But Use Both appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Arbuthnot Latham accepts Google Pay

The Paypers

The UK-based private and commercial bank Arbuthnot Latham has launched Google Pay as a payment method for its clients.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.