American Banker
NOVEMBER 17, 2023
Speaking at an event hosted by The Clearing House, the Federal Reserve's vice chair for supervision said he expects both instant payment processing systems to be widely adopted over time.
Payments Dive
NOVEMBER 17, 2023
Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.
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Perficient
NOVEMBER 17, 2023
In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Now, we will delve into the stability of retail deposits from the same bank over the same timeframe, determining whether they were resilient compared to transaction accounts.
Payments Dive
NOVEMBER 17, 2023
CEO Frank Bisignano is betting on accelerated growth of Clover’s small business point-of-sale services, even as he admitted to being “paranoid” in the highly competitive market.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.
Abrigo
NOVEMBER 17, 2023
Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. Takeaway 2 A worsening economy increases the fundamentals of fraud, pressure, opportunity, and rationalization.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Jack Henry
NOVEMBER 17, 2023
Dive into fintech revelations from Jack Henry Connect! From Jack Henry Platform to Financial Crimes Defender and FedNow insights. Shape banking's future.
ATM Marketplace
NOVEMBER 17, 2023
The APC Gen Z study found that Gen Z has five top demands from businesses and brands: 1. Authenticity. 2. PhysiDigital. 3. Experiential. 4. Custom. 5. Rewards.
TheGuardian
NOVEMBER 17, 2023
NS&I, Shawbrook and Tandem among providers to make reductions amid flurry of such moves Savers have been urged to act quickly if they want to get the best returns on their money after a flurry of interest rate cuts on top-paying accounts. This week NS&I reduced the rate it offers on its three-year green bonds from 5.7% to 3.95%, while Shawbrook, Tandem and Ford Money were among other providers making cuts.
ATM Marketplace
NOVEMBER 17, 2023
The 2023 ATM and Self-service Software Trends Guide delivers in-depth research based on interviews and survey data from financial institutions worldwide on how they are utilizing ATMs.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
American Banker
NOVEMBER 17, 2023
Credit problems in business loans have risen in recent months, as companies that are in a weak financial position have started closing up shop. The difficulty in gauging which banks will face the most trouble is prompting many investors to stay away from the sector.
TheGuardian
NOVEMBER 17, 2023
Building society benefits from high interest rates, with half-year profits increasing to £1.3bn Nationwide has warned that mortgage arrears are rising as the building society reported increased profits on the back of higher interest rates. Higher borrowing costs after the Bank of England raised interest rates 14 times since the end of 2021 have caused financial pain for some mortgage holders while benefiting savers.
Dataconomy
NOVEMBER 17, 2023
Ever wished your ideas could waltz off the page and onto the screen effortlessly? Say hello to Moonvalley AI, your virtual choreographer for turning text into dynamic videos. In this exploration, we’re peeling back the curtain to reveal how Moonvalley, among the text-to-video elite, pirouettes through your prompts, and brings them to life with its own brand of algorithmic finesse.
BankInovation
NOVEMBER 17, 2023
Global fintech funding dropped marginally in the third quarter sequentially, but deals worth more than $100 million substantially increased as funding remained below 2019 levels. As global fintech funding reached $7.4 billion in Q3, it was down 46% year over year, according to CB Insights’ State of Fintech Q3 report published last month.
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In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.
American Banker
NOVEMBER 17, 2023
A convicted Goldman executive seeks to lower his legal bills, OpenAI's board has ousted its founder and CEO and several bank leaders are taking on new roles, and more in the weekly banking news roundup.
BankInovation
NOVEMBER 17, 2023
D.L. Evans Bank has been working with and expanding the use of software company Laserfiche capabilities for 25 years, resulting in paper, monetary and time savings throughout the bank. Through the tech provider, the $3.
American Banker
NOVEMBER 17, 2023
Diebold Nixdorf is using artificial intelligence to spot trouble proactively — a move that has already increased ATM uptime by up to 3.5%.
Dataconomy
NOVEMBER 17, 2023
Hey there movie buffs and tech enthusiasts! Got plans for the weekend? How about kicking back and diving into the awesome world where artificial intelligence meets Hollywood magic? We’re talking about the best AI movies! From robots having an existential crisis to super-smart machines playing mind games, the silver screen has given us some seriously cool AI adventures.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
American Banker
NOVEMBER 17, 2023
The banking-as-a-service pioneer has been reeling from the business since an enforcement action from a federal regulator last year.
Dataconomy
NOVEMBER 17, 2023
The tech world was shocked by the announcement of Sam Altman’s departure from OpenAI, the influential artificial intelligence (AI) company that has been at the forefront of groundbreaking developments in the field. Altman, the CEO and co-founder, has been a prominent figure in the AI community, steering OpenAI through milestones such as the widely acclaimed release of ChatGPT.
American Banker
NOVEMBER 17, 2023
The cybercriminals said a new SEC rule required loan software company MeridianLink to report last week's breach, but the rule does not take effect until next month.
Dataconomy
NOVEMBER 17, 2023
Step into the future of music with YouTube Dream Track AI. In collaboration with Google DeepMind, this cutting-edge experiment merges the brilliance of Lyria, DeepMind’s advanced music model, with artists like Charlie Puth, John Legend, Sia, and more. Available exclusively to a select group of US creators on YouTube Shorts, Dream Track allows for the creation of unique 30-second soundtracks.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
American Banker
NOVEMBER 17, 2023
Three GOP leaders of the House Financial Services Committee, including Chairman Patrick McHenry, say they'll explore possible connections between the agency's alleged "toxic" work culture and its staffing shortages that may have contributed to this year's banking crisis.
Dataconomy
NOVEMBER 17, 2023
In a tech twist, Microsoft has dropped a bombshell – the new Windows App is here and making waves. Currently in preview, this tool is not just for Windows aficionados but spreads its wings across Windows, macOS, iOS, and web browsers (Android users, stay tuned for potential inclusion). Let’s break down what this unveiling is all about. New Windows App: Your Windows, anywhere So, what’s the lowdown on this new player in Microsoft’s lineup?
American Banker
NOVEMBER 17, 2023
The Federal Deposit Insurance Corp. has finalized a special assessment that is slightly pricier than originally proposed for banks with uninsured deposits of more than $5 billion. Trade groups voiced concerns that the largest banks are paying to clean up a mess created by regional banks.
Dataconomy
NOVEMBER 17, 2023
Airbnb, the home-sharing titan, just made its first move into the world of artificial intelligence (AI) with the acquisition of GamePlanner AI, sealing the deal at just under $200 million, insiders spilled to CNBC. GamePlanner AI and its stealthy rise GamePlanner AI, operating incognito since its 2020 launch, has been playing it cool in the tech scene’s shadows.
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Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.
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