Fri.Apr 14, 2023

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Visa remains cryptic about new surcharge cap

Payments Dive

The card giant is set to impose a new surcharge cap of 3% tomorrow, but many payments processing professionals are still searching for details about it.

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Examining best practices for ATM security

ATM Marketplace

With crime rising nationwide, ATM operators need to be vigilant to protect their assets. At the same time, new Payment Card Industry standards require operators to update their payment equipment to prevent fraudulent transactions. These are just some of the issues confronting today's ATM industry.

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JP Morgan ready for more banking turmoil as profits jump 52%

TheGuardian

Chief executive Jamie Dimon upbeat as bank’s earnings benefit from rise in US and global interest rates Business live – latest updates The boss of JP Morgan, Jamie Dimon, has said “storm clouds” threatening the banking sector had grown as a result of last month’s short-lived crisis but assured that the lender was prepared for further turmoil after first-quarter profits rose by 52%.

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Wells Fargo prioritizes efficiency initiatives

BankInovation

Wells Fargo recognized its clients’ demand for digital capabilities within its online and mobile platforms as digital usership grew in the first quarter of 2023. “Our customers expect us to provide them with increasingly digitized and seamless banking experiences across all channels,” Chief Executive Charlie Scharf said today during the $1.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Fed’s Bowman: U.S. economy has ‘unmet demand’ for de novo banks

ABA Community Banking

The banking industry is not meeting demand for new bank formation, Federal Reserve Governor Michelle Bowman said. The post Fed’s Bowman: U.S. economy has ‘unmet demand’ for de novo banks appeared first on ABA Banking Journal.

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More Trending

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Twitter partners with eToro to let users trade crypto | JPMorgan CEO hails groundbreaking AI | Visa launches interoperable payments with PayPal & Venmo

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 50’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Twitter partners with eToro to let users trade stocks & crypto JPMorgan Chase CEO Dimon hails groundbreaking AI Visa launches interoperable payments with PayPal & Venmo More

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JPMorgan Chase tech spend falls 7% YoY to $2.1B

BankInovation

JPMorgan Chase decreased technology, communications, and equipment expenses year over year during the first quarter of 2023, but an increase in headcount and wage inflation saw noninterest expenses increase YoY. WHY IT MATTERS: The $3.7 trillion bank’s tech spending fell for the second straight quarter to $2.

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Banknote printer De La Rue’s chair quits after turnaround plans criticised

TheGuardian

Kevin Loosemore had been targeted for months by activist investor Crystal Amber Fund The chair of British banknote printer De La Rue has resigned after months of attempts to oust him and criticism of the company’s leadership by one of its largest shareholders. De Le Rue said on Friday that Kevin Loosemore had resigned as a director, “to draw a line under recent speculation surrounding the leadership of the company”.

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Indonesia takes its credit card network in-house

The Banker

Bank Indonesia’s latest move on credit cards is part of a multi-year strategy to reduce foreign influence in the country’s payment system. James King reports.

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The State of Automation in Financial Services 2024 Report

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

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U.S. needs 'a viable pipeline for the creation of new banks,' says Fed's Bowman

American Banker

Policies 101
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Will increased supervision strengthen Latam credit co-operatives?

The Banker

The past few years have seen several regulatory changes in a sector that is key to fostering financial inclusion. Barbara Pianese reports.

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Fed approves UBS acquisition of Credit Suisse's U.S. subsidiary

American Banker

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Despite revenue headwinds, Citi stands by revamped wealth strategy

American Banker

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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PNC warns that pressures on deposit costs are likely to intensify

American Banker

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Banking news roundup

American Banker

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Wells Fargo's caution on office loans is an ominous sign for smaller banks

American Banker

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Fed's Waller: failed banks weren't systemic, but warranted action

American Banker

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Nasdaq expands risk platform for banks amid rise in demand for the tech

American Banker

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Cybersecurity researcher finds 1 million invoices in public, unencrypted database

American Banker

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If we had 'SLEMAC' supervisors, they might have saved Silicon Valley Bank

American Banker

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A Discover exec's mission to bring consumer tech to business

American Banker

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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JPMorgan foresees strong returns even amid recession

American Banker

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Bank mortgage results good sign for nonbanks: KBW

American Banker

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Wells Fargo net interest income beats estimates on Fed hikes

American Banker

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JPMorgan deposits unexpectedly rise as firm raises NII outlook

American Banker

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.