Thu.Jun 06, 2024

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Canary in the Coal Mine

Realwired Appraisal Management Blog

There’s an opportunity for appraisers with developers and investors to be a canary in the CRE coal mine. The buyer’s due diligence journey could START with an appraisal rather than at the end. No guess work. No wasted time. No wasted money.

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New York races to pass BNPL bill

Payments Dive

State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

New York 397
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Will the Recent Ticketmaster Data Breach Drive More Fraud for Banks and Credit Unions?

Gonzobanker

Add these action items to your card fraud checklist to strengthen your defenses. The hacker group ShinyHunters allegedly breached Ticketmaster’s data in late May 2024, including credit and debit card information for over 560 million consumers worldwide. That’s more than 2.5 times the prior largest breach of Experian a decade ago. So, what will happen to U.S.

Fraud 163
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Amex dismisses impact of eBay’s rejection

Payments Dive

EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

Cards 195
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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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The racial wealth gap is getting wider. Can technology fix it?

American Banker

In recent years, the wealth gulf between white and Black families has only grown. But there is hope that advances in fintech, such as wider adoption of artificial intelligence, can help.

More Trending

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Banks consider merits of open-source and closed-source generative AI

American Banker

Most banks are starting their generative AI experiments with closed-source models before progressing to open source. For some, the ultimate goal is to be model-agnostic.

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Deutsche Bank shares data with Swift for AI fraud solution

BankInovation

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift. The process will test the use of secure data-sharing for AI-driven fraud prevention, Joanne Hannaford, chief information officer and chief product officer of corporate bank at Deutsche Bank, said at Money2020 Europe on June 4.

Fraud 68
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CFPB's regulatory overreach is actively harming small businesses

American Banker

Rather than fueling uncertainty, the Consumer Financial Protection Bureau should be devising strategies that facilitate clearer policies that bring more certainty to lending markets.

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CFPB solicits stakeholders to form open banking framework

BankInovation

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United States.

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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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How Google is battling Apple beyond mobile payments

American Banker

By making it easier to enroll and access financial services such as buy now/pay later lending, the search giant hopes to enhance connections with users.

Google 83
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Podcast: Pathward’s road to innovation in financial inclusion

ABA Community Banking

On the latest episode of the ABA Banking Journal Podcast, Anthony Sharett, president of Pathward, discusses how his FDIC-insured bank works alongside depository institutions to expand offerings that enhance financial inclusion and reach the unbanked. The post Podcast: Pathward’s road to innovation in financial inclusion appeared first on ABA Banking Journal.

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'Significant work' remains to harmonize cybersecurity rules: Watchdog

American Banker

A report on efforts to deconflict federal cybersecurity regulations found the Treasury in particular has not completed its recommendations.

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BNP Paribas and Numeral partner for payment integration

The Paypers

BNP Paribas and Numeral , a payments technology provider, have announced a partnership aimed at facilitating payment companies' incorporation of SEPA.

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Live Demo: How to Achieve Reconciliation Zen

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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Gender-led investing funds grow in spite of attacks on ESG

American Banker

Despite attacks on the broader ESG strategy, a narrow niche focused on women had a positive quarter.

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Commercial Property Loans - FAQs Answered by Experts

Commercial Lending USA

You can use commercial property loans to buy, build, or refinance a property that makes money. Commercial loans can be used for a broader range of properties than residential mortgages, which are only for single-family houses.

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Minnesota bankers appeal dismissal of suit over FDIC's fee guidance

American Banker

A Minnesota trade group and its co-plaintiff, Lake Central Bank, signaled that they plan to appeal a district court's dismissal of their lawsuit against the FDIC. The case involves the agency's guidance on nonsufficient funds fees.

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From the Vault: When the American banking system almost died

ABA Community Banking

With a vast audience listening, the president said it would be "safer to keep your money in a reopened bank than under the mattress." The post From the Vault: When the American banking system almost died appeared first on ABA Banking Journal.

System 52
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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.

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iProov's Dynamic Liveness solution earns FIDO Certification

The Paypers

iProov has announced that its Dynamic Liveness Solution has achieved global certification for face biometric identity verification from the FIDO Alliance.

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Hsu says banks and AI companies should share responsibility for model errors

American Banker

Acting Comptroller of the Currency Michael Hsu Thursday said AI providers and end-users — including banks — should share responsibility for errors that derive from artificial intelligence models.

Company 47
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'Mastercard for Fintechs', launched to support the fintech ecosystem in Western Europe

The Paypers

Mastercard has launched its new Western Europe program called `Mastercard for Fintechs` in order to further develop and improve the fintech ecosystem.

Fintech 53
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Fast-growing Florida bank sets an expansive solar-lending goal

American Banker

The 3-year-old Climate First in St. Petersburg appears primed to take its renewable energy lending nationwide now that it's exiting the de novo phase.

Florida 49
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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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Equifax accepted onto CCS's Open Banking DPS framework

The Paypers

Equifax has been accepted onto Crown Commercial Service ’s Open Banking DPS framework, aiming to further accelerate its development process.

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How a background in sales led Darlene Pasquill to Wall Street: The Climb

American Banker

Now the head of the Mizuho Americas' equity division, Pasquill started her career selling textiles, industrial products, and medical equipment.

America 36
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Till Payments joins forces with BigCommerce

The Paypers

Comprehensive payment solutions provider Till Payments (Till) has entered a collaboration with BigCommerce to provide additional capabilities to the latter’s users.

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Remote ATM Testing is Real

ATM Marketplace

Remote ATM testing - Best Practice Guide

ATM 48
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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