Thu.Apr 11, 2024

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EWA providers seek to steer state legislation

Payments Dive

Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.

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Podcast: Cloud migration ‘a must’ for FIs

BankInovation

Financial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We definitely see cloud migration as a must,” Rodrigo Silva, regional director for the Americas at Temenos, tells Bank Automation News on this episode of “The Buzz” podcast.

Regional 109
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Why more tech in stores shouldn’t mean fewer workers

Payments Dive

Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.

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Podcast: Tackling big goals for Financial Literacy Month

ABA Community Banking

For Financial Literacy Month in April, the ABA Banking Journal Podcast features a conversation on how banks are engaging their communities with financial education. The post Podcast: Tackling big goals for Financial Literacy Month appeared first on ABA Banking Journal.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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Mastercard appoints three C-suite execs

Payments Dive

As part of the leadership changes and a corporate realignment, a long-time executive is also leaving the card network company.

More Trending

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These banks are nearing $100B of assets. What did they learn from NYCB?

American Banker

New York Community Bancorp took a massive loan-loss provision and slashed its dividend to meet tougher capital and liquidity requirements after rocketing by that asset mark. A half dozen regionals face tough questions about whether they're better prepared than NYCB, which had to be rescued.

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Cognizant partners with Shopify and Google Cloud

The Paypers

US-based professional services company Cognizant has announced its strategic partnership with Shopify and Google Cloud , aiming to advance digitalisation for global retailers.

Google 74
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Fed approves $1.3 billion merger of two New Jersey banks

American Banker

The Federal Reserve Board signed off on Provident Financial Services' acquisition of Lakeland Bancorp. The newly combined bank will be the seventh largest in the state.

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Notes from This Month in Banking Podcast

Jeff For Banks

I was rustling through papers on my desk to clean it up and not look like a candidate for the Hoarders TV show. In the clutter I found my sloppy copy notes from two podcast interviews. I put them in the shred pile. Then I read them. And rethought about shredding them. There were some valuable nuggets in there. They were uttered in some form by our guests and I thought them so insightful that I wrote them down.

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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10 Things to Know About TRAI’s New Caller ID and SIM Swap Rules

BankBazaar

India’s telecom regulator TRAI has unveiled new regulations aimed at introducing caller ID as a default service and preventing fraudulent SIM swap activities. Here are the key things you need to know about these new rules: Mandatory Caller ID TRAI has recommended that all telecom operators provide “Calling Name Presentation (CNAP)” as a supplementary service to customers.

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Fed's instant payments network gains momentum among community lenders

American Banker

Launched last July, FedNow had enrolled more than 600 participants by mid-March, according to government officials. That marked a 100% increase from the start of the year, with more banks and credit unions viewing fast payments capabilities as essential. Fraud concerns linger, however.

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Fintechs push for data access

BankInovation

NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say.

Fintech 70
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How can banks and fintechs get employees' buy-in on generative AI?

American Banker

To protect their own talent pipeline, financial companies need to make sure that they're not only protecting the entry-level roles that AI threatens to take over, but getting the enthusiastic buy-in of the people most likely to be affected, according to experts from Fiserv, Segpay and Featurespace.

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Nubank integrates NuInvest platform and expands investment options

The Paypers

Brazil-based financial services platform Nubank has integrated the NuInvest platform into the Nubank application.

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Unions are not a threat to the banking sector; they're an opportunity

American Banker

Instead of painting unionization as a barrier to business success, we should consider it an opportunity to rebuild trust, integrity and responsibility within the banking sector.

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Nigeria reveals plans to introduce a payment-integrated ID card

The Paypers

The government of Nigeria has revealed its intention to introduce a payment-integrated ID card in a bid to provide social and financial services.

Cards 56
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Busting AI myths with the ETA's Jodie Kelley

American Banker

There are a lot of misconceptions about how the payments industry uses generative AI. Jodie Kelley, chief executive of the Electronic Transactions Association, separates the reality from fiction.

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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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Paysera starts accepting ecommerce payments via Apple Pay

The Paypers

Lithuania-based fintech Paysera has integrated Apple Pay into its payment solution, augmenting payment acceptance for merchants.

Apple 56
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Potential CFPB arbitration rule would violate CRA, GOP lawmakers say

American Banker

Rep. Andy Barr, R-Ky., and Sen. Thom Tillis, R-N.C., told the Consumer Financial Protection Bureau that pursuing a rulemaking on forced arbitration, as laid out by consumer advocates' rulemaking petition, would be an "affront to Congress.

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N26 to launch joint accounts in Ireland

The Paypers

Germany-based online bank N26 has announced its joint account offering in Ireland, available to all of its customers, including those using its free N26 standard service.

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Buy the People: Two visions, one rule – How Basel injected populism into bank capital

American Banker

A regulatory proposal to raise bank capital has spurred banks to fight back with a populist appeal to consumers, while regulators say more capital is what's needed to save banks from more crises — and help consumers.

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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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Uber halts fintech plans in Mexico

The Paypers

American ride-hailing company Uber has chosen to temporarily halt its fintech strategies in Mexico, despite previously securing the necessary licence to deliver financial products.

Fintech 41
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This bank governance reform idea failed before. Will now be different?

American Banker

Large U.S. banks have mostly staved off previous shareholder-backed efforts to ensure their CEOs also don't lead their boards. The issue will soon be put to a vote at JPMorgan Chase, Bank of America and Goldman Sachs.

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Viva.com partners with BANCOMAT

The Paypers

European cloud-based technology bank Viva.com has entered a strategic collaboration with BANCOMAT to allow its Italian merchant network to accept the latter’s payment methods.

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New twists in suit over CFPB's $8 late fee favor credit card industry

American Banker

Business trade groups are expected to prevail in getting an emergency stay to stop the Consumer Financial Protection Bureau's $8 late fee rule from going into effect on May 14. However, the lawsuit would still have many steps to go after such a decision.

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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.