ATM Marketplace

MAY 21, 2024

ATM Marketplace spoke with Bank of America about the Erica chatbot and its continued development as an AI banking tool.

ATM 98

ATM America Tools 98

Payments Dive

MAY 21, 2024

“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.

Cards 243

Cards Regulation 243

Commercial Lending USA

MAY 21, 2024

DSCR loans, "Debt Service Coverage Ratio loans," are financing for real estate investors that put the property's cash flow ahead of standard creditworthiness checks. This makes them a valuable tool for investors who want to grow their portfolios.

Tools 111

Tools Lending 111

Payments Dive

MAY 21, 2024

The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.

System 221

System Industry Payments 221

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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.

Case Study

TheGuardian

MAY 21, 2024

While the big beasts of Wall Street rail against WFH, Mike Regnier of Santander UK says he wouldn’t have taken the job if he had had to commute all week At a time when ­banking bosses from Wall Street to Canary Wharf have been ­cracking down on working from home, Santander UK’s chief executive remains an outlier. While Goldman Sachs’s David Solomon has described home working as an “aberration” , and JP Morgan’s Jamie Dimon calls himself a “skeptic” of the trend that took off during the pandemic,

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Trends 96

American Banker

MAY 21, 2024

Martin Gruenberg's ouster from the Federal Deposit Insurance Corp. leaves the White House with the difficult task of finding a regulator willing to serve a roughly six month term atop of beleaguered agency.

FDIC 86

FDIC Regulation Policies Industry 86

BankInovation

MAY 21, 2024

JPMorgan Chase is reaping rewards in know-your-customer operations from deployment of AI. The bank processed 155,000 know-your-customer (KYC) files in 2022, using 3,000 people to accomplish the task. “By the end of next year, we will process 230,000 files with 20% less of the people.

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Operations 73

American Banker

MAY 21, 2024

The Bank for International Settlements' Innovation Hub is doing important work on integrating new technology into the global financial system. The next step is to bring both banks and nonbanks into the discussion.

Innovation 83

Innovation System Technology Policies 83

Ublocal

MAY 21, 2024

Embarking on the journey to homeownership can be both exciting and overwhelming, especially when you’re surrounded by a plethora of myths and misconceptions. As a first-time homebuyer, you might have heard that renting is more affordable than owning, or that a flawless credit score is essential. But how accurate are these claims? In this guide, we’ll debunk common myths about homeownership and highlight valuable programs available for first-time homebuyers in Vermont and New Hampshir

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New Hampshire Vermont Millennials Marketing 52

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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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American Banker

MAY 21, 2024

These three payment firms are working to grow revenue by pivoting to new markets and technologies, all while waiting for a turnaround in the industry.

Fintech 85

Fintech Industry Technology Marketing 85

Commercial Lending USA

MAY 21, 2024

Discover DSCR loan pros and cons for commercial real estate investors, focusing on property cash flow to see if this financing suits your investment goals.

Lending 52

Lending 52

American Banker

MAY 21, 2024

The company changed several of the practices the agency complained about several years ago, such as threatening to report nonpaying borrowers to credit bureaus, co-founder Rodney Williams says.

Report 73

Report Company Technology Fintech 73

BankInovation

MAY 21, 2024

Financial institutions are looking to AI to streamline daily tasks.

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Operations Data 73

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

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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The Paypers

MAY 21, 2024

Italy-based fintech startup qomodo has secured GBP 1.3 million in Pre-Seed funding to further augment its cybersecurity platform and support outreach in Europe and the US.

Fintech 50

Fintech US Security 50

American Banker

MAY 21, 2024

Irvine-based CBC Bancorp's $121 million deal for Bay Community Bancorp in Oakland stands out at a time when high rates have put a damper on both the number of deals taking place and the multiples sellers are paying.

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Community Oakland Community Bank California 47

The Paypers

MAY 21, 2024

The German Federal Financial Supervisory Authority ( BaFin ) has demanded that digital bank N26 pay nearly EUR 9.2 million due to the latter’s money laundering misconduct.

Digital Banking 45

Digital Banking 45

American Banker

MAY 21, 2024

Shareholders at America's largest bank voted against requiring an independent board chair, though the proposal drew more support than similar measures did recently at other megabanks. The vote came just one day after Dimon signaled that his departure as CEO may be on the horizon.

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America Industry 36

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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.

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The Paypers

MAY 21, 2024

Asia-based B2B digital payments platform SUNRATE has joined Mastercard Priceless Planet Coalition to fight climate change through funding the restoration of 100 million trees.

Payments 45

Payments 45

Image Works Direct

MAY 21, 2024

When it comes to picking a bank or credit union, local financial institutions undoubtedly have an edge over the big banks. According to a study from The Harris Poll, 58% of consumers prefer holding an account with their local or regional financial institution, which may be good news for you if one of your competitors is acquired by a bigger bank with weaker community ties.

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Capital How To Regional Study 36

The Paypers

MAY 21, 2024

UK-based connected car services provider Parkopedia has entered into a partnership with Irdeto to launch a multi-contract solution to simplify the EV charging process.

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American Banker

MAY 21, 2024

West Coast Community Bancorp agreed to acquire 1st Capital Bancorp in an all-stock deal slated to close in the fourth quarter.

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Community Community Bank California Capital 36

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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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The Paypers

MAY 21, 2024

CyberArk has announced its plan to acquire cybersecurity firm Venafi from private equity firm Thoma Bravo in a transaction valued at approximately USD 1.54 billion.

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The Financial Brand

MAY 21, 2024

This article The Personalization Paradox: Can Banks Delight Customers Without Creeping Them Out? appeared first on The Financial Brand. Banks are heavily investing in personalization to improve customer experience and drive engagement. But is there such a thing as overdoing it? This article The Personalization Paradox: Can Banks Delight Customers Without Creeping Them Out?

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Customer Experience Branding Strategy 21

The Paypers

MAY 21, 2024

Research conducted by Forrester , commissioned by Regula , has revealed that 42% of organisations globally are actively integrating digital identity solutions into their systems.

Technology 41

Technology Company System 41

Digital Growth Institute

MAY 21, 2024

7:30 am. First period. Sixth grade. I walked down the hall of Bonnette Junior High School, viola case in tow, hoping nobody would see me carrying it before I could stash it away in my locker. Though I desperately wanted to play percussion in the school’s marching band (much cooler), my mom had other ideas. So, the orchestra it was.

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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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