Communication key to protect ATMs
ATM Marketplace
MARCH 7, 2023
How do organizations protect ATMs? Everyone involved needs to work closely together to solve the industry issue.
ATM Marketplace
MARCH 7, 2023
How do organizations protect ATMs? Everyone involved needs to work closely together to solve the industry issue.
Payments Dive
MARCH 7, 2023
The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.
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South State Correspondent
MARCH 7, 2023
Last week, we convened a group of 30 bankers to train on ChatGPT and ideate around new banking products related to the enterprise version. While we covered the 15 ways we use ChatGPT HERE to enable banking productivity, this class focused on productizing the application for banking needs. Since our last article, several companies, most notably JP Morgan Chase, Amazon, Verizon, and Accenture, have limited their staff’s interaction with the application.
Payments Dive
MARCH 7, 2023
Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
CFPB Monitor
MARCH 7, 2023
As previously reported , in June 2021 the CFPB announced that it would conduct a voluntary review of the significant amendments to the Home Mortgage Disclosure Act (HMDA) rule adopted in October 2015, most of which became effective in January 2018. The CFPB also announced at the time that it was discontinuing planned HMDA rulemakings, one addressing the data points that must be collected and reported and one addressing the public disclosure of HMDA data. .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
MARCH 7, 2023
Park National Bank (“Park National”), based in Ohio, has agreed to pay $9 million to settle allegations brought by the U.S. Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing mortgage lending services to majority-Black and Hispanic communities from 2015 to 2021. .
Payments Dive
MARCH 7, 2023
PayPal CFO Blake Jorgensen, who has been on a medical leave since September, will leave his role as of today.
CFPB Monitor
MARCH 7, 2023
The witnesses have been announced for the hearing on the CFPB to be held on March 9, 2023 by the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy. They are: Bill Himpler, CEO, American Financial Services Association Brian Johnson, Managing Director, Patomak Global Partners LLC Jessica Thompson, Attorney, Pacific Legal Foundation Devin Watkins, Attorney, Competitive Enterprise Institute Keith Ellison, Attorney General, State of Minnesota The Committ
Payments Dive
MARCH 7, 2023
The company will close the checkout-free stores next month as it struggles to get its physical retail footprint right.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
TheGuardian
MARCH 7, 2023
Bank apologises after error results in elderly woman having account closed and phone and energy cut off An elderly widow was cut off from her money for three months and lost her phone line and energy supply when a banking error by Barclays marked her as deceased. Ninety-one-year-old Marjorie Roper* discovered that her pension and benefits payments had been stopped and her direct debits cancelled after a Barclays agent recorded that she had died and closed her account.
FICO
MARCH 7, 2023
Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? As the EU works on an AI Act, FICO research suggests that banks are expanding their use of AI but not necessarily focused on responsible AI FICO Admin Thu, 12/19/2019 - 16:29 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Tue, 03/07/2023 - 10:20 This year, governments and corporations are expected to spend more than $500 billion on AI globally.
BankInovation
MARCH 7, 2023
Due to increasing demand for faster and more convenient payment options, real-time payments (RTP) are gaining traction globally. In the US, the Clearing House’s RTP network processed over 1 billion transactions. Countries like Australia, Singapore and Canada have also implemented RTP systems.
The Paypers
MARCH 7, 2023
UK-based fintech Railsr has reportedly started to explore the possibility of a sale through a pre-pack administration due to mounting financial and regulatory issues, according to Bloomberg.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
BankInovation
MARCH 7, 2023
Automation has grown at an exponential rate since the start of the COVID-19 pandemic, but the decline of personal interface may leave some bank clients wanting more.
Tomorrow's Transactions
MARCH 7, 2023
Osmodal Group’s Mick Spiers and Consult Hyperion’s Lawrence Sutton consider the benefits of Card-Based to Account Based ticketing (ABT) and determine factors to consider with transition The post ABT – the opportunities of transitioning first appeared on Consult Hyperion.
BankInovation
MARCH 7, 2023
Michigan State University Federal Credit Union saves 2,000 employees hours each month via its AI-driven, internal chatbot Gene. The $7.3 billion, East Lansing, Mich.
The Paypers
MARCH 7, 2023
Weavr has confirmed the acquisition of B2B Open Banking platform, Comma Payments , in a first-of-its-kind deal within the world of embedded finance.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
The Paypers
MARCH 7, 2023
Global payments and financial platform Airwallex has secured a payment business licence in China following the acquisition of Guangzhou Shang Wu Tong Network Technology.
American Banker
MARCH 7, 2023
The Paypers
MARCH 7, 2023
Payments orchestrator Spreedly has announced more payment method options for customers with integrations to Venmo, PayPal Credit, PayPal Pay Later, and ACH payments.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
American Banker
MARCH 7, 2023
The Paypers
MARCH 7, 2023
Bahrain-based banking group Ahli United Bank (AUB) has announced it has chosen Mastercard as its exclusive partner for its existing and acquired card programmes.
The Paypers
MARCH 7, 2023
UK-based insurance company Inigo has decided to improve its pricing and technology strategy by partnering with Hyperexponential.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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