Mon.Nov 21, 2022

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Visa’s next CEO sees a world of growth

Payments Dive

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

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What Midterms May Mean for Banking

Banking Exchange

Republican Patrick McHenry is expected to lead the House Financial Services Committee as chair Compliance Lines of Business Duties Financial Trends The Economy Feature Management Feature3.

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Holiday shoppers boost card use this year

Payments Dive

Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases.

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CFPB Fall 2022 Supervisory Highlights looks at auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending

CFPB Monitor

The CFPB has released the Fall 2022 edition of its Supervisory Highlights. The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022.

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Managing Default Rates: A Balancing Act in a Multistate Lending Environment

Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.

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World Cup offers stage for payments tech

Payments Dive

While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.

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More Trending

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PayZen raises $20M, lands debt facility

Payments Dive

The fintech aims to extend buy now-pay later financing options to consumers for healthcare payments.

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Debunked! Are Bank Merger Approvals Taking Longer?

Jeff For Banks

I enjoy my Twitter community because I get diverse views on banking, sports, politics and entertainment. One of my Tweeps, Rick Childs , a Crowe partner, recently tweeted about the amount of time it is taking merger deals to get regulatory approval. His numbers are raw, and buck the conventional wisdom that regulators are dragging their feet on approvals.

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First Community Bank in $113M Acquisition

Banking Exchange

The deal will add approximately $500 million in assets to the Virginia-based company Management Feature M&A Feature3 Community Banking.

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Podcast: The community bank M&A outlook for 2023

ABA Community Banking

As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast to discuss the bank mergers and acquisitions outlook for 2023. The post Podcast: The community bank M&A outlook for 2023 appeared first on ABA Banking Journal.

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The ROI of Business Lending Platforms

Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

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What is a Certificate of Deposit (CD) and How Do They Work?

Ublocal

During times of market volatility, like those we’re experiencing today , many individuals interested in building their nest egg, or saving for a specific goal, look for alternatives that offer less risk and more stable returns than traditional stocks and stock-based accounts. While CDs have often been written off in the recent past for their low-yields, today’s high interest rates , coupled with the low-returns of the stock market, have once again made them a popular savings tool.

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First-Party Fraud Must Be Stopped Across the Customer Lifecycle

FICO

Home. Blog. FICO. First-Party Fraud Must Be Stopped Across the Customer Lifecycle. Financial institutions face first-party risks “inside the wire” - 14% of customers worldwide think it is normal to exaggerate income on a mortgage application. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top. Mon, 11/21/2022 - 15:15. FICO’s 2022 global consumer survey on financial services and fraud produced some surprising results, but none more alarming than the 25% to 30% of fi

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Curbing data breaches with confidential computing

BankInovation

Financial institutions (FIs) looking to securely store data amid rising cybersecurity threats and open banking regulations can look to confidential computing, a technology that encrypts sensitive cloud-based data while it’s being processed. Confidential computing is a fairly new technology that performs computations in a hardware-based, trusted execution environment (TEE), according to tech giant Intel Corporation. […].

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FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report

FICO

Home. Blog. FICO. FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report. FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. asokolowski. Fri, 06/03/2022 - 12:24. by Darryl Knopp. expand_less Back To Top. Mon, 11/21/2022 - 20:30. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live!

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Truist unveils digital investment solution

BankInovation

Truist Financial has launched Truist Trade, a self-directed investing solution that allows clients to open investment accounts and conduct online trading. The $534 billion bank unveiled the offering last week as an addition to its Truist Wealth portfolio, according to a Truist release. There are no minimum account requirements, along with commission-free trades for stocks, […].

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Can semi-automated offside technology turn the 2022 World Cup referees from wrong decisions more quickly?

Dataconomy

AI-powered semi-automated offside technology (SAOT) is deployed for the 2022 World Cup in Qatar. FIFA has been testing SAOT for the past three years, and the technology started to help officials with the first whistle of the 2022 World Cup. What is semi-automated offside technology (SOAT)? AI-based semi-automated offside technology.

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New York Fed advances tests of CBDCs for cross-border payments

American Banker

New York 101
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Top 5 Customer Experience Trends for 2023 and Beyond

The Financial Brand

This article Top 5 Customer Experience Trends for 2023 and Beyond appeared first on The Financial Brand. The experience banking provides must catch up to consumers' increasing expectations around digital delivery and service. This article Top 5 Customer Experience Trends for 2023 and Beyond appeared first on The Financial Brand.

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Transforming Non-Performing Assets With Loan Modification Automation

With the number of loans maturing over the next couple of years, time is of the essence and automation is imperative. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.

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Banker of the Year: Ally Financial's Jeffrey Brown

American Banker

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A Bank Marketer’s Guide to Hacking the Human Brain

The Financial Brand

This article A Bank Marketer’s Guide to Hacking the Human Brain appeared first on The Financial Brand. To craft more effective marketing messages, banks and credit unions should tap into the ‘default decisions’ that all humans make. This article A Bank Marketer’s Guide to Hacking the Human Brain appeared first on The Financial Brand.

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Community Banker of the Year: Cape Cod 5's Dorothy Savarese

American Banker

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Community Bank BaaS Provider Creates Private ‘Metaverse’ for Fintechs

The Financial Brand

This article Community Bank BaaS Provider Creates Private ‘Metaverse’ for Fintechs appeared first on The Financial Brand. Building its own interactive 3D ecosystem gives a tech-savvy community bank potential entrée to over 5 million potential customers. This article Community Bank BaaS Provider Creates Private ‘Metaverse’ for Fintechs appeared first on The Financial Brand.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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Conservative fintech GloriFi said to announce shutdown

American Banker

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Credit card demand rises as pandemic boost to consumers' wallets wanes

American Banker

Cards 74
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Banks, fintechs help Ukrainian refugees rebuild their lives

American Banker

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Leadership shuffles again at First Foundation in Dallas

American Banker

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Value-Driven AI: Applying Lessons Learned from Predictive AI to Generative

Speaker: Data Robot

Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.