Payments Dive

APRIL 18, 2024

The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.

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Regulation Cards 195

Jack Henry

APRIL 18, 2024

Diversity, equity, inclusion, and belonging (DEIB) are more than just buzzwords ; they are essential components of a successful and sustainable business. As we celebrate National Diversity Awareness Month, I want to talk about the positive impact leaders can have on DEIB within their organizations.

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Strategy National Digital Banking Innovation 158

Payments Dive

APRIL 18, 2024

The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.

Cards 195

Cards Marketing 195

American Banker

APRIL 18, 2024

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

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Dallas Texas Capital Report 92

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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BankInovation

APRIL 18, 2024

KeyBank is using robotic process automation to boost efficiency without hiring more people. The $189 billion bank has about 300 processes automated through (RPA), Michael Reynolds, business technology executive for service digitization, said last month at Bank Automation Summit 2024 in Nashville, Tenn. “Translate that into people.

Nashville 71

Nashville Technology 71

TheGuardian

APRIL 18, 2024

Tentative offer follows four months of talks and could create new banking group with almost 5m customers Coventry Building Society has tentatively offered £780m to buy the Co-operative Bank from its hedge fund owners, in what could be the latest in a string of takeovers among UK lenders. The offer follows nearly four months of exclusive talks between the two lenders, which began in December.

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Operations Groups 77

American Banker

APRIL 18, 2024

Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.

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Google Technology 83

BankInovation

APRIL 18, 2024

Ally Financial invested in its digital product strategy, which continues to boost customer retention rates. “We have expanded our products and features to deepen customer relationships, including Ally Home and Ally Invest,” Interim Chief Executive Doug Timmerman said today during the bank’s first-quarter earnings call.

Strategy 66

Strategy Retail 66

American Banker

APRIL 18, 2024

Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.

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Georgia Lending 73

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Commercial Lending USA

APRIL 18, 2024

Gas station financing can be a smart move for business owners and regular people who want to expand their portfolios or start their businesses.

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Lending 75

PopularBank

APRIL 18, 2024

Defrauding others of their financial assets remains a common thread throughout history, from snake oil salespeople to modern-day digital fraudsters. Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year.

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Fraud social media Cards Security 52

ABA Community Banking

APRIL 18, 2024

According to newly released Gallup figures, just 30 percent of American workers are engaged in their work. The rest are described as disengaged, with 17 percent actively disengaged, "which means they are literally trying to sabotage the organization," notes Neil Stevens. The post Podcast: How a Georgia community bank engaged employees at 3X the national rate appeared first on ABA Banking Journal.

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Georgia Community Bank National Community 52

The Paypers

APRIL 18, 2024

Cogo , a carbon footprint tracking company, has partnered with Personetics , aiming to make it easier for banks to provide their customers with climate-conscious banking solutions.

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Company 45

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American Banker

APRIL 18, 2024

The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.

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Cards Capital Leadership Policies 41

The Paypers

APRIL 18, 2024

A new initiative named Project Nemo has launched in a bid to improve disability inclusion within the fintech industry in the United Kingdom.

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Fintech Industry 48

American Banker

APRIL 18, 2024

The Consumer Financial Protection Bureau was created to protect the people from financial predation. But there are very different interpretations of what that means, and whether the people should be protected by — or from — the government.

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Policies 41

The Paypers

APRIL 18, 2024

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has announced the acquisition of Appranix , a company specializing in cloud cyber resilience.

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Data Company 41

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American Banker

APRIL 18, 2024

The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.

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Cleveland Management 36

The Paypers

APRIL 18, 2024

Visa has transformed the payment landscape with streamlined solutions for seamless ‘Click-and-Mortar’ shopping experiences, bridging digital and physical retail.

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Payments Retail 41

American Banker

APRIL 18, 2024

Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.

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Payments 36

The Paypers

APRIL 18, 2024

The European Data Protection Board (EDPB) has announced that online platforms, including Meta , should not require users to pay for data privacy for ad-free subscriptions.

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Data Online 41

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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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The Financial Brand

APRIL 18, 2024

This article Banks Have This Major Edge Over Credit Unions. Can They Catch Up? appeared first on The Financial Brand. With the lines blurring between the benefits of credit unions vs. banks, how can credit unions become more digitally competitive? This article Banks Have This Major Edge Over Credit Unions. Can They Catch Up? appeared first on The Financial Brand.

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Branding Digital Banking Management Fintech 35

The Paypers

APRIL 18, 2024

Digital banking provider Bankjoy has entered a strategic collaboration with Pinwheel in a bid to deliver access to the latter’s solution to banks and credit unions.

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Digital Banking 41

American Banker

APRIL 18, 2024

The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.

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Detroit Capital Company Lending 28

The Paypers

APRIL 18, 2024

Authorities in Norway have revealed their intention to introduce a new data centre law aimed at regulating operations within these facilities.

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Data cryptocurrency Regulation Operations 45

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