NY Fed teams with Singapore on CBDC study
Payments Dive
MAY 22, 2023
The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.
Mon.May 22, 2023
396 
Applying Second-Order Thinking In Banking
South State Correspondent
MAY 22, 2023
We have used the term “second-order thinking” in our writings, and some bankers were curious about what exactly we mean. The term came to popularity in banking after Howard Marks wrote his seminal work on investments – The Most Important Thing. The “most important thing,” as described in the book, is the ability to drill down in order to get to the heart of an issue.
Join 32,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Legislators spar over stablecoin proposals
Payments Dive
MAY 22, 2023
Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space.
Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule
CFPB Monitor
MAY 22, 2023
On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”). The Act requires credit services organizations, mortgage companies, supervised lenders, money transmitters, trust companies, and technology-enabled fiduciary financial institutions to comply with the requirements of the GLBA’s Safeguards Rule, as in effect on July 1, 2023.
The Executive Guide to Generative AI
Advertiser: Data Robot
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.
Elevating ML to new heights with distributed learning
Dataconomy
MAY 22, 2023
Distributed learning has emerged as a crucial technique for tackling complex problems and harnessing the power of large-scale data processing. But what exactly is distributed learning in machine learning? Why is it so important? In this article, we will explore the concept of distributed learning and its significance in the realm of machine learning.
Sign up to get articles personalized to your interests!
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
|
More Trending
UK government sells £1.26bn of NatWest shares
TheGuardian
MAY 22, 2023
State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis The UK government has sold £1.26bn of NatWest shares back to the bank, which it bailed out in a near £46bn deal in 2008. The sale will reduce the taxpayer’s stake in the high street bank, formerly known as the Royal Bank of Scotland Group, from 41.4% to 38.6%.
TD Bank invests in credit card solutions, digital experiences
BankInovation
MAY 22, 2023
TD Bank is investing in its digital experience as the bank upped tech spend in the first quarter and launched two new credit cards in May. The Cherry Hill, N.J.-based bank introduced monthly subscription-based, no interest credit card TD Clear and flexible payment credit card TD FlexPay, according to a release from TD Bank.
DragGAN AI photo editor is coming for the Photoshop’s throne
Dataconomy
MAY 22, 2023
When it comes to editing photos, the upcoming AI-powered DragGAN will be a game-changer. In a matter of seconds, you can change an image’s form, position, expression, or layout using the DragGAN AI photo editor. So does that mean Photoshop can rest in peace now? Keep reading and find out! In this article, we’ll explain what DragGAN AI photo editor is, how you may use it to enhance your photos, and everything you should know about the new revolutionary AI tool.
Mercantile Bank to offer real-time B2B payments
BankInovation
MAY 22, 2023
Mercantile Bank is using a new instant payments manager from digital banking fintech Q2 to assist with facilitating real-time payments for business-to-business transactions via The Clearing House and eventually the FedNow payments rail. Q2’s instant payments manager will help the $4.9 billion, Grand Rapids, Mich.
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.
Why OCR Is Incompatible with True Digital Transformation
BankInovation
MAY 22, 2023
Optical character recognition (OCR) has been around for decades, and it’s still a technology that banks regularly use to scan and process paper or PDF forms, such as loan applications or account servicing requests.
Bank of England set to decline Revolut's application for banking licence
The Paypers
MAY 22, 2023
The Bank of England has told the Treasury that it is planning to reject Revolut 's application for a banking licence, after a two-year campaign by Britain's most valuable fintech company.
The Forrester Wave™: AI/ML Platforms: Vendor Strategy, Market Presence, and Capabilities Overview
Advertiser: Data Robot
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.
Inflation Is Changing People’s Money Habits: 7 Studies Show the Trends
The Financial Brand
MAY 22, 2023
This article Inflation Is Changing People’s Money Habits: 7 Studies Show the Trends appeared first on The Financial Brand. Inflation is wearing on consumers, who are buying groceries on buy now, pay later plans & hiding cash in the fridge. Yet small splurges rise. This article Inflation Is Changing People’s Money Habits: 7 Studies Show the Trends appeared first on The Financial Brand.
Credit Card Revolvers vs. Transactors: Understanding Their Behavior to Optimize Marketing Strategies
The Financial Brand
MAY 22, 2023
This article Credit Card Revolvers vs. Transactors: Understanding Their Behavior to Optimize Marketing Strategies appeared first on The Financial Brand. Credit card transactors have different spending habits and lifestyles than credit revolvers. Here's how marketers can use these insights. This article Credit Card Revolvers vs. Transactors: Understanding Their Behavior to Optimize Marketing Strategies appeared first on The Financial Brand.
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.
ACI Worldwide adds Swift Go to cross-border payment offering
The Paypers
MAY 22, 2023
ACI Worldwide has extended its partnership with Swift with the addition of Swift Go to its offering to provide banks with new cross-border, real-time payment services.
Tether partners KriptonMarket to facilitate stablecoin access
The Paypers
MAY 22, 2023
Tether has partnered with on/off ramp solution KriptonMarket to provide users in Argentina with stablecoin access at the Central Market of Buenos Aires.
10 Keys to AI Success in 2023
Advertiser: Data Robot
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.
CaixaBank partners with Google Cloud
The Paypers
MAY 22, 2023
CaixaBank , a Spain-based financial institution, has partnered with Google Cloud to accelerate the bank's transition to the cloud and drive innovation using data and analytics technologies.
Japan evaluates joining India's UPI payments system
The Paypers
MAY 22, 2023
Japan has taken into consideration adopting India’s UPI payments system as both governments look at promoting interoperability through ease of cross-border payments.
A Modern Approach to C&I Lending: 8 Facts Lenders Need to Know
Advertisement
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.
Let's personalize your content