Fri.Jul 05, 2024

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Are your ATMs ready for PCI DSS 4.0 changes?

ATM Marketplace

The payment industry has evolved significantly in the past 20 years and so has PCI. The aftermath of PCI DSS 4.0 is still being felt. Here are a few changes to make to ensure your ATM fleet stays up-to-date.

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ConnectOne Bank builds data lake in-house

BankInovation

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

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‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

TheGuardian

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum The family of a deaf man who was groomed by a gang into taking out a £28,000 business loan has demanded to know how a vulnerable person, with virtually no assets, could be marched into a Metro Bank, and allowed to borrow such a huge sum. Peter James*, who has special educational needs, and who only communicates through British Sign Language, was being chased by the bank’s debt collectors, and facing po

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Data breaches, AI merits: Top tech news June 2024

American Banker

In this month's roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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How hard is it to live off cash alone in Australia? I tried for a weekend and this is what happened | Jordyn Beazley

TheGuardian

After tracking down an ATM and navigating public transport, I went to all my usual spots – and had some surprises When my editor asked me to go old-school and only use cash for a weekend to test whether it’s impossible or a breeze to live without digital payments, my response was: “I don’t even know where my debit card is.” As I rifled around in the pockets of various pants and bags in search of it, I found $115 shoved into a red Christmas envelope.

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BlackRock to buy private markets data platform Preqin for $3.2B | UBS under observation from pricing supervisor | Revolut soars to record profit

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post BlackRock to buy private markets data platform Preqin for $3.2B | UBS under observation from pricing supervisor | Revolut soars to record profit appeared first on Bussmann Advisory AG.

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Fed emphasizes independence, transparency in monetary policy report

American Banker

The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell's upcoming appearances on Capitol Hill.

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Accelerex launches Pay with Fingerprint in Nigeria

The Paypers

Nigeria-based fintech Accelerex has deployed its Pay with Fingerprint solution on PoS terminals in Nigeria.

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How Citizens Bank of Edmond's Roger is attracting military members

American Banker

Marcus Castilla was recently named director of the Oklahoma bank's digital banking unit for service members; he shares what Roger offers today and some plans for the future.

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Case Study: Anchor Loans Cuts Doc Prep Time by 90% with GoDocs Automation

Anchor Loans, one of the nation’s top private lenders, turned to GoDocs to modernize its document preparation process and keep pace with growing loan volume. By automating doc generation and integrating seamlessly with internal systems, Anchor Loans drastically reduced prep time and minimized risk—without adding headcount. Learn how GoDocs helped Anchor Loans begin finalizing loan packages in just minutes, enabling faster, more scalable lending with real-time compliance across 48 states.

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Japan's DNP joins the Open Identity Exchange (OIX)

The Paypers

The Open Identity Exchange ( OIX ) has announced the expansion of the digital ID collaboration to Japan with its Dai Nippon Printing ( DNP ) membership.

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Capital One's acquisition of Discover will be a win for consumers

American Banker

The fate of Capital One's acquisition of Discover should be determined based on its own merits and not be maligned for the foibles of other failed banks.

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Chainlink partners with Fidelity International and Sygnum

The Paypers

Chainlink has revealed a strategic alliance with Fidelity International and Sygnum to integrate Net Asset Value (NAV) data onto blockchain platforms.

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Discover settles $1.2B loose end ahead of Capital One merger

American Banker

The lawsuit settlement clears a hurdle for the credit card company's deal with Capital One, which has vowed to address Discover's compliance shortcomings. A public hearing on the merger is scheduled for July 19.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Visa and Mastercard to extend current cap on tourist card fees

The Paypers

The European Commission has announced that Visa and Mastercard will extend the current caps on tourist card fees established with EU antitrust regulators for an additional five years, through 2029.

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Banc of California is selling $2 billion of residential loans

American Banker

The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.

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CommBank launches in app Travel Booking

The Paypers

Australia-based Commonwealth Bank has launched a Travel Booking service in the CommBank app, allowing users to search, book, and pay for flights and hotels through Hopper.

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Executive moves: Bank of America, JPMorgan Chase, Cullen/Frost

American Banker

Cullen/Frost's CFO is retiring, a top JPMorgan research analyst is leaving, and both UBS and JPMorgan hire tech dealmakers in this week's banking news roundup.

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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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MiFinity partners with Slotegrator

The Paypers

MiFinity, an iGaming e-wallet provider, has announced a strategic partnership with Slotegrator, an iGaming software company.

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How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’

The Financial Brand

This article How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’ appeared first on The Financial Brand. Advice from financial influencers — or "finfluencers" — may be misleading bank customers with ambiguous and incorrect information. This article How Banks and Credit Unions Can Counter Bad Advice From ‘Finfluencers’ appeared first on The Financial Brand.

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Brazil updates Open Finance rules for Pix payments

The Paypers

The Central Bank of Brazil and the National Monetary Council of Brazil have announced new regulations for Open Finance and Pix payments.

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Hawk updates its anti-financial crime platform for risk detection and investigation

The Paypers

Hawk has upgraded its anti-financial crime platform for risk detection and investigation with entity resolution and network analysis.

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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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EnergyFlex equips Australians with personalised energy insights

The Paypers

Australia-based energy data and insights company EnergyFlex has enabled Australians to access personalised energy usage insights and education.

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AMINA Bank partners with Pyth Network

The Paypers

AMINA Bank , a Switzerland-based crypto bank, has announced a strategic partnership with Pyth Network , a decentralized financial oracle.

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