Mon.Jul 08, 2024

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Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It.

The Financial Brand

This article Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It. appeared first on The Financial Brand. Alliant Credit Union CEO Dennis Devine on how a branchless model can allow for better rates, fewer fees and rapid growth. This article Traditional Banks Can Adapt to a Digital-Only Model. Here’s Why They Should Consider It. appeared first on The Financial Brand.

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Congress members egg on US payments system expansion

Payments Dive

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

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Podcast: ConnectOne Bank invests in data training

BankInovation

ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.

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CFPB keeps scrutiny on medical cards

Payments Dive

The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

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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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Bank Automation Summit Europe 2024 Announces Strategic Partnership with DIGITALEUROPE

BankInovation

Bank Automation Summit Europe 2024 is delighted to announce a strategic partnership with DIGITALEUROPE, the leading trade association representing digitally transforming industries in Europe. This partnership aims to amplify the impact of both organizations in driving innovation and excellence in European banking and digital sectors. Bank Automation Summit Europe 2024, scheduled for Oct.

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Winning Business Banking Relationships in Age of Fintechs | (FY 2025)

Jack Henry

When it comes to serving business banking accountholders, community banks and credit unions have good reason to celebrate: Businesses identifying a community bank or credit union as their primary financial institution are far more satisfied than those using a larger bank, according to a recent Javelin study.

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How Capital One is using Stripe, Adyen data to fight fraud

American Banker

The bank is working with Adyen and Stripe to improve the transaction information that feeds AI-powered payments crime fighting. Can it convince other firms to join?

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Navigating Section 1071 Compliance | FinTalk

Jack Henry

The implementation of Section 1071 of the Dodd Frank Act brings a significant shift in reporting requirements for small business lending. It’s crucial to understand upcoming compliance dates and how technology can aid your financial institution in fulfilling these new obligations for data collection and reporting.

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Is generative AI the answer to core modernization?

American Banker

Consultants at McKinsey and Accenture are offering to use gen AI to understand legacy software and write new code. Experts say this idea has merit, up to a point.

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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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Ally launches AI innovation challenge

BankInovation

Ally Financial will launch a generative AI innovation challenge for startups on July 9, focusing on developing tech solutions for its customers and staff.

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Bidenflation? Trumpflation? No. The real problem is Covidflation.

American Banker

The most important issue on voters' minds is inflation, and the inflation blame game has heated up with the upcoming presidential election. Putting politics aside, an objective economist would blame neither candidate, since the underlying cause of our inflation, like so many other problems today, was COVID-19.

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The Ultimate Guide to Commercial Loan Referral Programs

Commercial Lending USA

Use the power of commercial loan referral programs to your advantage! With Commercial Lending USA's program, you can make money and help businesses grow.

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American Banker news quiz: July 8

American Banker

In this edition of American Banker's news quiz, see if you know the latest updates on JPMorgan Chase's fraud prevention methods, Supreme Court rulings on swipe fees, the woes of former Silvergate Bank executives and more.

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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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Collectible collateral

ABA Community Banking

Classic cars provide bankers with an attractive niche for parking loans. The post Collectible collateral appeared first on ABA Banking Journal.

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TD Bank, facing AML scrutiny replaces its chief compliance officer

American Banker

The Canadian bank has appointed Erin Morrow, who had served as deputy chief compliance officer for about six months, to replace Monica Kowal, who parted with TD July 2. The announcement comes as TD faces questions by U.S. and Canadian regulators about its anti-money-laundering compliance.

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Global online banking market to reach USD 44.89 billion by 2033

The Paypers

Spherical Insights and Consulting has revealed in its research that the global online banking market is projected to reach USD 44.89 billion by 2033 from USD 12.87 billion in 2023.

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Treasury may expand its oversight of land deals near military sites

American Banker

The agency has proposed a rule that would give it and the Committee on Foreign Investment in the United States broader authority over real estate transactions near military installations in 30 states.

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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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ITC, Visa join forces with QFTH

The Paypers

The International Trade Centre (ITC), through its SheTrades Initiative, together with Visa , has expanded its collaboration with Qatar Development Bank ’s Qatar Fintech Hub.

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How Five Star Bank aims to fill gap left by San Francisco failures

American Banker

The Sacramento-area institution moved quickly and decisively to fill the gap created by the loss of First Republic and Silicon Valley Bank. A first-quarter rise in Bay Area deposits is a sign of bigger gains to come, San Francisco Bay Area President DJ Kurtze says.

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Nordea charged by NSK for breaching AML regulations

The Paypers

European financial services group Nordea has been charged by Denmark’s Special Crime Unit (NSK) for breaching the country’s Anti-Money Laundering (AML) act between 2012 and 2015.

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Chevron reversal could factor into Custodia appeal

American Banker

The lead lawyer on the case that overturned the decades old doctrine penned an amicus brief arguing that the lower court ruling raises constitutional questions about the Federal Reserve.

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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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Advapay joins the NayaOne Tech Marketplace

The Paypers

Advapay has announced that it will join the NayaOne Tech Marketplace in order to contribute to the latter’s bank-fintech partnership mission and support development.

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Remote Employees May Be Less Productive — But is Surveillance Software the Solution?

The Financial Brand

This article Remote Employees May Be Less Productive — But is Surveillance Software the Solution? appeared first on The Financial Brand. Remote work is an important benefit for many marketing teams, but productivity is a concern for many bosses. This article Remote Employees May Be Less Productive — But is Surveillance Software the Solution? appeared first on The Financial Brand.

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iDenfy protects SIMPal's eSIM platform with fraud prevention

The Paypers

Lithuania-based regtech iDenfy has partnered with telecommunication service provider UAE-based SIMPal to secure its eSIM card platform against fraud.

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The Four Virtues of Digital Stoicism: A Blueprint for Exponential Growth

Digital Growth Institute

Explore the four virtues of Digital Stoicism—wisdom, temperance, courage, and justice—and how they can guide you to exponential growth in the digital age. Learn daily practices to harness technology ethically and effectively.

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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.