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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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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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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

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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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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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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.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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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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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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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 ÂŁ301.

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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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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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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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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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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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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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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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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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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se