Wed.Jun 12, 2024

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Fighting deepfakes via payments

Payments Dive

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

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ING gen-AI chatbot pilots in the Netherlands

BankInovation

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam.

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Trending Sources

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Apple unveils new iPhone touch and pay feature

Payments Dive

The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

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Powell says fixing inflation is 'the best thing we can do' for housing

American Banker

The Federal Reserve chair said a rate cut would not solve the underlying issues driving up shelter costs, even as housing becomes a disproportionate driver of inflation.

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How to Avoid Getting "Ghosted": 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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eBay to accept Venmo

Payments Dive

A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials

More Trending

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Apple to expand iPhone payments, Australia works on BNPL rules

American Banker

An iOS 18 update will enable a Tap to Pay-like system for peer-to-peer payments. Meanwhile, will BNPL rules be different in Australia than in the U.S.?

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NMI launches Shopify integration for seamless merchant experiences

The Paypers

NMI has announced a new Shopify integration that provides ISO partners with more choices for merchant payment offerings, along with better security and compliance.

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The CFPB's proposed rules targeting fintechs are a boon to big banks

American Banker

The fintech industry has introduced unprecedented new levels of competition in the financial services sector. The Consumer Financial Protection Bureau's new proposed rules would stifle it.

Fintech 64
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Alipay+ expands payment services for UEFA Euro 2024

The Paypers

As the official payment sponsor of UEFA EURO 2024, Alipay+ has announced plans of expanding cross-border mobile payments and launching offers for partner e-wallet users.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

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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Co-op Bank customers voice anger as business payments taken twice

TheGuardian

Some users say they were forced into overdrafts because past transactions were repeated Business live – latest updates Co-operative Bank customers have hit out at the lender after a glitch led to payments being taken twice from some business accounts. Customers said they had been pushed into their overdrafts because of the problem, which has resulted in previous payments, sometimes made several weeks before, being duplicated.

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ABA, trade groups ask CFPB to consider small firms’ needs as it finalizes Section 1033 rule

ABA Community Banking

CFPB should incorporate stakeholder feedback as it finalizes the rule to “reduce ambiguity” and to ensure “an effective rollout that limits disruptions to consumers," the groups said. The post ABA, trade groups ask CFPB to consider small firms’ needs as it finalizes Section 1033 rule appeared first on ABA Banking Journal.

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LockBit ransomware gang persists despite law enforcement crackdowns

American Banker

After a disruption in February, LockBit roared back in May, highlighting persistent cyber threats to the financial sector.

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Ripple partners with the National Bank of Georgia

The Paypers

Ripple has partnered with the National Bank of Georgia to explore ways to digitise the country’s local economy.

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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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Starling Bank earnings lifted by higher interest rates

BankInovation

Starling Bank reported its third annual profit after higher interest rates helped boost revenue, as the British mobile lender seeks to roll out its banking software globally. The bank posted a pretax profit of £301.

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Top Hotel Construction Lenders in 2024

Commercial Lending USA

Finding the top hotel construction lenders is essential to getting money for your hotel construction project.

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German banks to shut down paydirekt

The Paypers

German banks are reportedly deciding to shut down paydirekt / Giropay and support the European Payments Initiative (EPI).

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Risk executives from SVB, Credit Suisse assess last year's turmoil

American Banker

Former executives from two banks that collapsed within two weeks of each other spoke Tuesday about lessons to be learned from the crisis.

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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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Affirm partners with Apple Pay

The Paypers

Affirm has announced its partnership with Apple Pay in order to enable the latter’s users and clients to tap into BNPL loans from Affirm later this year.

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Citi's wealth ambitions take shape with new hires, promotions

American Banker

Like its Wall Street rival Morgan Stanley, Citi sees a path to trillions in client assets in its workplace division.

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IDVerse's GenAI ID verification is available on Temenos Exchange

The Paypers

Digital ID verification provider IDVerse has made its Generative AI (GenAI) trained identity verification solution available on Temenos Exchange.

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Gen Zers Overlook Brand Messaging: Here’s How Banks Can Capture Their Loyalty.

The Financial Brand

This article Gen Zers Overlook Brand Messaging: Here’s How Banks Can Capture Their Loyalty. appeared first on The Financial Brand. If community banks and credit unions don't capture Zoomers' attention, they stand to lose business to competitors like fintechs and neobanks. This article Gen Zers Overlook Brand Messaging: Here’s How Banks Can Capture Their Loyalty. appeared first on The Financial Brand.

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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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PingPong launches Embedded Lending solution with Kanmon

The Paypers

Global cross-border payments platform PingPong has partnered with Kanmon to launch its Embedded Lending solution, aimed at optimising the US enterprise development.

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Loan Growth Multiplier Strategies [VIDEO]

The Emmerich Group

I believe it’s fun to win. How about you? What if you could help your lenders win more and better deals. If you’re the kind of leader whose team already brings in nice deals, and you’re fairly happy, you’ll love this, because I’ll show you that there’s a lot more where that came from. They can, with that base, bring in so much more and at better pricing, and they’re leaving hundreds of 1000’s of deposits on the table that you’ll be able to pull

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BridgeFund adopts Mambu cloud platform for SME lending

The Paypers

Netherlands-based BridgeFund has opted for Mambu ’s cloud banking platform to enhance its SME lending operations in the Dutch market and beyond.

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U.S. Bank Targets Kids as Lifetime Customers With Greenlight App Integration

The Financial Brand

This article U.S. Bank Targets Kids as Lifetime Customers With Greenlight App Integration appeared first on The Financial Brand. Embedding a partner fintech's special kid's account in the bank's app can retain customers today and perhaps grow new ones. This article U.S. Bank Targets Kids as Lifetime Customers With Greenlight App Integration appeared first on The Financial Brand.

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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.