Wed.Apr 10, 2024

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The banking and crypto markets may be more symbiotic than you think

American Banker

Many assumed the advent of cryptocurrencies heralded a revolution in finance. The truth may be that crypto's overall impact on the financial services industry is more evolutionary than revolutionary.

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PayPal’s new CEO lands $42M pay package

Payments Dive

The bulk of that compensation stems from a major stock grant handed to Alex Chriss when he took the digital payments company’s top post last year.

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Truist parts ways with another CIO

BankInovation

The shakeup at Truist Financial continues. Truist Financial Chief Information Officer Scott Case has left the Charlotte, N.C.-based bank, a source close to the matter told Bank Automation News. Case took on the role of CIO at Truist in December 2019, according to his LinkedIn profile. He joined Truist through the SunTrust–BB&T merger.

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Capital One’s Discover bid tops biggest Q1 tech-related deals

Payments Dive

The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.

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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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Transactions: Google Cloud powers Quantum Metric’s gen AI tool

BankInovation

Digital analytics platform Quantum Metric used Google Cloud’s Gemini Pro to launch its generative AI-powered session summarization tool Felix AI on April 4.

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More Trending

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An anti-ESG darling campaigns for Congress

American Banker

West Virginia Treasurer Riley Moore, who's put banks on a blacklist for their support of ESG policies, is up for (and very likely to win) one of the state's two seats in the U.S. House. Here's how he got there, and what it'll look like when he tries to bring his anti-ESG policies national.

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Entrust finalises Onfido acquisition

The Paypers

Payments, identities, and data company Entrust has completed its acquisition of Onfido , an identity verification company, to combat deepfakes and AI-powered cyber attacks.

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Capital reform could 'deviate' from Basel agreement: Fed's Bowman

American Banker

The Federal Reserve Board governor and frequent regulatory critic says it would be appropriate for the U.S. to deviate from the agreed-upon international standards to reflect "unique characteristics" of the American banking system.

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PayU partners with PayPal

The Paypers

Online payment solutions provider PayU has announced its partnership with PayPal in order to improve cross-border payments for India-based merchants.

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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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Ripple's $2 billion fine may close ugly chapter in history

American Banker

The penalty roughly matches the amount of money the SEC estimates Ripple and its leaders have profited from sales of XRP, which the agency says are unregistered securities.

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Internet Bank Bunq secured EUR 29 million

The Paypers

Internet Bank Bunq has announced the rise of EUR 29 million capital injection, as it made a net profit of EUR 53 million in 2023 via its increased interest income.

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Employee Spotlight: Shelby Moyer

Image Works Direct

Meet Shelby Moyer, one of the image.works copy team’s most versatile writers! Originally from the Seattle area, she’s now settled in her husband Cody’s home state of Wisconsin, where they recently bought their first home. When Shelby’s not at work, you can find her thrifting/antiquing, reading or exploring the outdoors with her dogs, Maizie and Teddy.

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Nuvei secures MPI license in Singapore

The Paypers

Nuvei has secured an MPI license in the region of Singapore to accelerate its APAC expansion and to provide customers in the country with additional solutions.

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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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Mastercard realigns business structure, NY Fed joins cross-border test

American Banker

Mastercard established a new structure for businesses focused on card acceptance and transaction processing, new payment flows and value-added services. Separately, the Federal Reserve Bank of New York is joining several countries' central banks in a test of tech to support cross-border transactions.

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Santander to launch Openbank in the US

The Paypers

Santander has launched a new national, digital offering in the region of the United States under the Openbank brand, aiming to improve customer experience.

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Fannie Mae, Freddie Mac regulator, CSBS agree to share nonbank info

American Banker

The memorandum creates channels for sharing information about nonbanks between the Federal Housing Finance Agency and the Conference of State Bank Supervisors.

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FICO and Atto enable Open Banking integration for UK lenders

The Paypers

UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.

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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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Instant Payments: What FedNow Could Learn From Brazil’s Pix

The Financial Brand

This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand. Pix instant payments accelerated way beyond credit and debit in 2023. Growing popularity for digital wallets could give FedNow an opening. This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand.

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SurePay's solutions available on Temenos Exchange

The Paypers

Payment verification solution provider SurePay has announced the availability of its services on the cloud-based Temenos Exchange partner ecosystem.

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Banks wrestle with CEO succession plans

American Banker

JPMorgan Chase's board has announced the slate of candidates to replace Jamie Dimon if he ever retires. The bank is just one of several large institutions that have recently decided on who will take over the top job.

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Kueski launches in-store Kueski Pay for BNPL transactions

The Paypers

Kueski , a prominent player in the buy now, pay later (BNPL) and online consumer lending sector in Latin America, has announced the forthcoming launch of the in-store version of Kueski Pay.

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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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FDIC's Gruenberg: We have a strategy to fail a 'too big to fail' bank

American Banker

Federal Deposit Insurance Corp. Chairman Martin Gruenberg says the agency would likely use a resolution strategy for a global systemically important bank that puts the holding company into resolution and keeps subsidiaries operating under a bridge company.

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Post Office offers cash deposits from Monzo customers

The Paypers

UK-based Post Office has enabled cash deposits for digital bank Monzo ’s customers across all of the former’s facilities in the UK.

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Ameriprise to pick up $2B credit union program from LPL

American Banker

Kinecta Wealth Management, the wealth arm of Kinecta Federal Credit Union, will switch firms by the end of the year.

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TransferGo secures USD 10 million funding for Asia-Pacific expansion

The Paypers

TransferGo , a UK-based fintech specializing in global remittances, has secured a USD 10 million growth funding round from investor Taiwania Capital.

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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.