Thu.Jun 13, 2024

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AI Now: Your Guide to Surviving the Rise of Machine Intelligence

William Mills

While technologies come and go, AI is making seismic waves, permeating every corner of the business world. No longer a futuristic concept but a present-day reality, AI is seamlessly integrating into various sectors with remarkable efficacy. As we continue to witness AI reshaping industries and the future itself, it’s important we do a deep dive into its profound implications for society and work.

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Apple adds BNPL offerings from rivals

Payments Dive

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

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Key considerations for North American retail banks amid ongoing uncertainty

Accenture

In May of 2024, the Aurora Borealis, also known as the Northern Lights were on full display for the largest proportion of the United States in decades. The Northern Lights are caused by geomagnetic flairs or “solar storms” from the sun, which can lead to extremely disruptive events on Earth. In 2003, an extreme solar… The post Key considerations for North American retail banks amid ongoing uncertainty appeared first on Accenture Banking Blog.

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Startup offers ‘credit-building’ debit cards for Gen Z

Payments Dive

Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

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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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PNC, Wells Fargo take action on card late fees. Will others follow?

American Banker

PNC has cut its credit card late fees to $8, and Wells Fargo has eliminated the charges on one new card. The moves signal that issuers are already adjusting to a CFPB rule that's currently on hold amid a court challenge.

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More Trending

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Community banks are oddly silent on the looming stablecoin threat

American Banker

Legislation enabling new banklike stablecoin issuers would create direct competition for deposits, with small U.S. banks in the most danger. Where is the pushback from the industry?

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AI helping JPMorgan analysts check likeability

BankInovation

NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth trajectory of companies. The $3.

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Regime change at JPMorgan Payments: What to expect

American Banker

Long-time payments chief Takis Georgakopoulos is leaving the bank. New co-heads Umar Farooq and Max Neurkirchen are inheriting a powerhouse, but they face lots of challenges.

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Vistra and Fenergo collaborate to for global client onboarding

The Paypers

Vistra , a provider of business services, and Fenergo , a company specialising in fraud management, have announced a collaboration to enhance global onboarding processes.

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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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Fresh off deal closing, Provident in New Jersey to shutter branches

American Banker

The bank said it would reduce its physical footprint by nearly 15% as part of an effort to reduce overlapping operations, drive cost savings and meet profitability targets tied to its May acquisition of Lakeland Bancorp.

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Moldindconbank partners with Salt Edge

The Paypers

Moldindconbank , a major financial institution in Moldova, has partnered with Open Banking solutions provider Salt Edge to comply with Moldova's PSD2 legislation.

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Most-read mortgage news you might have missed

American Banker

From updates in mortgage-related court cases, to developments in AI and policy, here are the most-read stories from National Mortgage News over the past week.

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Muse joins forces with Xero and Allianz Trade

The Paypers

UK-based financial technology company Muse Finance has announced the launch of musePay, the firm’s BNPL integration with Xero , supported by Allianz Trade.

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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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Banks, navigating choppy seas, tap their branch networks for cash

American Banker

As high interest rates continue weighing on banks' balance sheets, some are selling branches to real estate firms and leasing them back. The strategy is helping lenders that want to restructure their underwater bond portfolios.

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Eastnets introduces SEPA Instant Payments Access as a Service

The Paypers

Global provider of compliance and payments solutions Eastnets has announced the launch of Instant Payments Access as a Service for SEPA Credit Transfers Instant.

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Will Apple's and Google's on-device AI be useful in banking?

American Banker

The tech companies are building generative AI into the next generation of their smartphone operating systems.

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FCA imposes restrictions on AstroPay

The Paypers

The FCA has imposed restrictions on AstroPay preventing it from providing payment services or accepting new customer funds without prior written approval.

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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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Biden taps Goldsmith Romero to lead FDIC

American Banker

President Joe Biden also nominated fellow Commodity Futures Trade Commission board member Kristin Johnson to a top bank regulatory post at the Treasury Department.

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Bureau partners with M2P Fintech

The Paypers

Bureau has announced its partnership with India-based digital banking infrastructure provider M2P Fintech in order to combat digital transaction fraud.

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Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards

The Financial Brand

This article Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards appeared first on The Financial Brand. Inflation keeps many Americans relying more and more on credit cards to get by. Meanwhile, lenders favor super prime borrowers. This article Even as Financial Worries Grow, U.S. Consumers Keep Using Credit Cards appeared first on The Financial Brand.

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Sahl raises USD 6 million in Series A funding round

The Paypers

Egyptian fintech company Sahl has announced the raise of USD 6 million in Series A funding round in order to accelerate its expansion in Saudi Arabia.

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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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Chopra sees 'clear interest' in data privacy legislation

American Banker

Consumer Financial Protection Bureau Director Rohit Chopra touted the bureau's work on data privacy and open banking, and asked that lawmakers on both sides of the aisle pursue legislation to further consumer protections.

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Xpence and Neoleap launch new Xpence corporate Visa cards

The Paypers

Xpence and Neoleap have announced the launch of new Xpence corporate Visa cards, in order to accelerate the development of Saudi SMEs and corporates.

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Banking as a Service Isn’t Over. It’s the End of the Beginning.

The Financial Brand

This article Banking as a Service Isn’t Over. It’s the End of the Beginning. appeared first on The Financial Brand. Viewpoint: For fintechs and their bank partners, federal consent orders signal a path to regulatory clarity. This article Banking as a Service Isn’t Over. It’s the End of the Beginning. appeared first on The Financial Brand.

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Mortgage rates fall with the cooling pace of inflation

American Banker

Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.

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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.