Thu.May 08, 2025

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Can AI Kill Banking Bureaucracy?

Gonzobanker

AI doesn’t just optimize it transforms. It flattens hierarchy, demands transparency, and dismantles traditional power structures. For those managers who thrive on gatekeeping, AI represents a fundamental threat, eliminating barriers they’ve spent careers building. -Entrepreneur Magazine, 12/24 In his most recent shareholder letter, JP Morgan Chase CEO Jamie Dimon called for his team to stay innovative, ambitious, and disciplined while eliminating complacency, arrogance, and bureaucr

Data 78
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GoCardless announces integration with Giacom to optimise Cloud Market tools

The Paypers

Global bank payment company GoCardless has announced integration with Giacom ’s Cloud Market Tools billing platform.

Tools 72
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David Julian, ex-Wells Fargo exec who battled OCC, sounds off

American Banker

Julian, the bank's onetime audit chief, recently agreed to settle with the Office of the Comptroller of the Currency for a tiny percentage of the $7 million the agency had been seeking. In an interview, he spoke about the expensive legal fight and who bears responsibility for the bank's fake-accounts scandal.

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Money Fellows raises USD 13 mnl for financial inclusion in Africa

The Paypers

Money Fellows , an African fintech digital platform, has secured USD 13 million in a new financing round, co-led by Al Mada Ventures (AMV) and DPI Venture Capital.

Capital 36
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Commercial Lenders, Playing It Safe Is the Real Risk

Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.

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The banking industry isn't ready to fight AI-enabled deepfakes

American Banker

The industry and its regulators need to acknowledge the danger presented by ultrarealistic deepfake technology and implement new layers of transaction authentication.

More Trending

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Dave beats Q1 earnings estimates, raises 2025 outlook

American Banker

The neobank reported a 47% increase in revenue in the first three months of the year.

Report 36
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FRiENDi mobile rolls out licenced wallet service in Oman

The Paypers

FRiENDi Mobile , a brand operated by digital services company Beyond ONE, has launched a mobile wallet service in Oman under the name FRiENDi Pay.

Mobile 36
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Mastercard faces cross-border headwinds

Payments Dive

The credit card network reported a first-quarter slowdown in the growth of international travel, a potential warning sign amid economic uncertainty.

Cards 222
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Qileo partners with Edenred to offer responsible services in France

The Paypers

Edenred Payment Solutions supports Qileo in making corporate accounts in French more responsible when it comes to their carbon footprint.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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AvidXchange swallowed in $2B deal

Payments Dive

The accounts payable software firm agreed to be taken private in an acquisition by investment company TPG and card processor Corpay.

Software 195
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International Meme Fund launches new credit protocol

The Paypers

The International Meme Fund has launched a new on-chain credit protocol named IMF CREDIT Cartel.

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Teachers Federal Credit Union joins AI-based lending trend

American Banker

Customers expect fast loan approvals, CEO Brad Calhoun says, so the credit union now lets artificial intelligence decide who will get credit cards, auto loans and personal loans.

Trends 79
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Balance integrates RTP Rails for optimised B2B ACH payments

The Paypers

Balance has announced its integration of RTP Rails in order to provide customers with frictionless B2B ACH payments and optimise merchants’ cash flow.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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How banks can fight increasingly sophisticated scam tactics

American Banker

Experts warn that stopping modern scams requires more than AI. It takes human oversight, customer engagement, and cross-industry collaboration.

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Nordics, Estonia develop offline card payment systems

The Paypers

The Scandinavian countries and Estonia have planned to launch offline card payments to ensure payment continuity during internet outages, including those caused by sabotage, according to Reuters.

Cards 36
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Podcast: Accelerating banking for quick-service restaurants

ABA Community Banking

As independently owned and operated small businesses, fast-food restaurant franchisees have unique business needs. They have mobile and often part-time workforces, complex inventory management and the constant challenge of managing both a small business and being the face of a major brand. On the latest episode of the ABA Banking Journal Podcast — sponsored by […] The post Podcast: Accelerating banking for quick-service restaurants appeared first on ABA Banking Journal.

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GreenBanana launches bnplx.io, a BNPL platform for the retail sector

The Paypers

Germany-based fintech GreenBanana has launched its BNPL platform, blplx.io, to optimise the retail sector, assisting both merchants and customers.

Retail 73
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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OCC rolls back controversial bank merger review rule

ABA Community Banking

OCC issued an interim final rule restoring its streamlined process for reviewing bank merger applications and rescinding other changes criticized by banks and lawmakers. The post OCC rolls back controversial bank merger review rule appeared first on ABA Banking Journal.

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KPMG in Greece selects Confide Platform

The Paypers

KPMG Greece has selected Confide Platform as a strategic partner to increase compliance and whistleblowing services for clients.

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More consumers expect to fall behind on debts, survey shows

American Banker

Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.

Survey 36
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Mastercard extends partnership with Bits

The Paypers

Mastercard extends its partnership with Bits to offer interbank clearing services for Norway's financial institutions.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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Texas Capital to add investment bank offices in LA, Chicago

American Banker

The Dallas-based company's broker-dealer arm, Texas Capital Securities, has also made several recent hires as it continues to expand its capabilities.

Texas 36
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MoonPay enables TRX purchases for US users via TRON deal

The Paypers

MoonPay has entered into a new agreement with the TRON decentralised autonomous organisation (DAO) to support purchases of TRX, TRON’s native token.

US 46
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Senate passes CRA resolution on OCC merger rule

American Banker

The Congressional Review Act resolution to overturn the Office of the Comptroller of the Currency's rules on bank mergers passed 52-47.

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N26 enters Germany's telecommunication market

The Paypers

N26 has announced its expansion in Germany’s telecommunications market, aiming to provide local customers with its digital mobile plan offer.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.