OpenAI ordered to stop processing people's data in Italy
The Paypers
APRIL 3, 2023
The Italian Data Protection Authority has blocked OpenAI ’s ChatGPT in the country citing the illegal collection of personal data.
The Paypers
APRIL 3, 2023
The Italian Data Protection Authority has blocked OpenAI ’s ChatGPT in the country citing the illegal collection of personal data.
Payments Dive
APRIL 3, 2023
The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.
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South State Correspondent
APRIL 3, 2023
In recent articles ( here and here ), we discussed why banks that take the interest rate movement risk demonstrate lower performance as measured by return on assets (ROA). Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields. The second article compared and contrasted community banks’ pay-for-risk and relationship business models.
Payments Dive
APRIL 3, 2023
Even with the backing of the nation’s largest banks, the platform, set for a June launch, will have adoption and security hurdles to overcome to grab a slice of the digital wallet market, industry experts say.
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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
FICO
APRIL 3, 2023
Home Blog FICO Advancing the Science of Optimization: FICO & Zuse Institute Berlin FICO partners with Zuse Institute Berlin on critical research into mathematical optimization FICO Admin Tue, 02/18/2020 - 14:57 by Oliver Bastert Vice President, Product Management expand_less Back To Top Mon, 04/03/2023 - 11:45 As a result of the pandemic, interest in mathematical optimization has risen to new heights.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CB Insights
APRIL 3, 2023
Generative AI — which comprises artificial intelligence technologies and applications that generate entirely new content including text, audio, images, video, code, and data — is already seeping into the financial services industry. While big banks like Bank of America, Citigroup, and Goldman Sachs were quick to place restrictions on employee use of OpenAI ’s ChatGPT in February 2023, other financial firms have jumped at the opportunity to leverage the tech.
TheGuardian
APRIL 3, 2023
There are some scams that are almost impossible to spot, as one family discovered when planning a trip to scatter their mother’s ashes It was to be a poignant break for Tim Moore and his extended family. They planned to scatter his mother’s ashes on the Caribbean island of Montserrat, where she had lived for 18 years. Moore contacted a local holiday lettings agent and selected a villa to rent for the 12-day stay.
BankInovation
APRIL 3, 2023
Digital banks have experienced growth in deposits and customer base since the fall of Silicon Valley Bank as startups look to digital banks for forward-thinking communities that prioritize technology. San Francisco-based digital banks Arc, Brex and Mercury all posted increases in new clients and deposit growth since SVB failed in March.
TheGuardian
APRIL 3, 2023
Recent banking turmoil fuels decision to extend trading plan for second time to 2025 A plan to whittle down the government’s stake in NatWest has been extended by another two years after weeks of banking turmoil that hit the lender’s shares and temporarily fuelled fears over a fresh financial crisis. UK Government Investments (UKGI), which manages the shares on behalf of the Treasury, said the scheme to strategically sell portions of the British taxpayer’s shareholding – after NatWest’s near-£46
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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
BankInovation
APRIL 3, 2023
Grasshopper Bank has secured a new fintech client thanks to Treasury Prime’s OneKey platform, which allows fintechs greater visibility of their accounts across multiple banks. The $606 million bank began beta testing OneKey in March 2022.
TheGuardian
APRIL 3, 2023
A formal date can concentrate minds, yet the priority must be the achievement of value for the public purse It was almost exactly a year ago that the Treasury trumpeted what it called a “landmark” moment: for the first time since the financial crisis in 2008, NatWest, the formerly shredded Royal Bank of Scotland, was no longer majority-owned by the state.
The Paypers
APRIL 3, 2023
Netherlands-based AI startup Fourthline has secured USD 54 million in funding round in order to offer customers improved ID check services in the finance industry.
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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
APRIL 3, 2023
The EY organisation has been banned by Apas from taking on listed German companies as new clients for the next two years over flawed work for Wirecard.
The Paypers
APRIL 3, 2023
UK-based Source-to-Pay software solution provider Proactis has announced its partnership with AP Payment-as-a-Service company Finexio to expand Proactis’ offerings.
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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.
The Paypers
APRIL 3, 2023
Cross-border payments company Tranglo has launched instant SEPA payments to Europe to enable businesses and individuals alike with real-time cross-border payments.
The Paypers
APRIL 3, 2023
India-based financial services company DMI Finance has announced the closer of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group.
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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.
The Paypers
APRIL 3, 2023
Singapore-based crypto gateway Alchemy Pay has partnered with web3 investment company DWF Labs to facilitate its expansion and secure a USD 10 million funding.
The Paypers
APRIL 3, 2023
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have rolled out a a cross-border QR code payment link.
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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.
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