Payments Dive

JUNE 7, 2023

Republicans planned to host a press conference Wednesday for a revived Credit Card Competition Act bill. The legislation’s champion, Sen. Dick Durbin, didn't plan to attend.

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Cards Conference 397

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year. In addition, the recent banking stress, which resulted in several large bank failures, has amplified the outflow of deposits from the banking system, causing total deposits to decline for the fo

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FDIC social media Analysis Report 221

Payments Dive

JUNE 7, 2023

Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

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Payments Google Marketing 307

South State Correspondent

JUNE 7, 2023

Yours might be the case of the emperor lacking clothes. While many banks are helping their clients with employee retention credits (ERC) (If you are not, see HERE ), many banks with 500 employees or less still need to collect their OWN ERC rebates. During the pandemic, most banks retained their employees and suffered higher costs, lower customer interactions, less branch traffic, and a revenue drop in many business lines.

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Taxes ATM Operations Meeting 195

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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.

Lending

Payments Dive

JUNE 7, 2023

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

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Regulation Industry 195

American Banker

JUNE 7, 2023

The measure will prevent banks chartered elsewhere from charging interest rates above Colorado's 36% rate cap. If additional states take the same approach, it could hamper the business model for high-cost consumer lenders that partner with banks.

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Colorado Lending Regulation Compliance 81

TheGuardian

JUNE 7, 2023

Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender Business live – latest updates The Daily and Sunday Telegraph are to be put up for sale in an auction after the Barclay family lost control of their crown jewel media assets in a bitter row with the newspaper group’s lender. Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to seize the shares owned by the Barclay family in the holding company that ult

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National Groups Company 76

American Banker

JUNE 7, 2023

Ally Financial, TD Bank and Park View Federal Credit Union are experimenting with custom settings so users can tweak color contrast, font styles and more.

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Digital Banking Customer Experience Technology 86

Dataconomy

JUNE 7, 2023

Automattic, the company behind WordPress.com, has introduced an AI assistant for its content management system, which includes a host of features to aid in content creation and translation. This AI assistant will be available to users for a free trial, allowing 20 requests before transitioning into a subscription-based model at $10 per month. The announcement follows a trend in the tech industry with companies like Google, Microsoft, Notion, and Grammarly integrating AI-powered features into the

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Tools Google System Industry 69

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Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

Lending

American Banker

JUNE 7, 2023

Widespread adoption of a central bank digital currency would utterly transform the financial services sector by reducing access to loans and raising prices for consumers.

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System 74

Dataconomy

JUNE 7, 2023

Google Cloud Consulting has revealed as an ambitious plan of the tech giant to amplify its renowned service offering. The expansion emphasizes harnessing the transformative potential of generative AI , while concurrently assuring responsible and ethical development and deployment. The highlights of this expansion are: Introducing an executive-focused, high-impact AI training for leadership at large corporations.

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Google Tools Data Training 68

American Banker

JUNE 7, 2023

Sen. Dick Durbin, D-Ill., has reintroduced a plan to reduce merchants' credit card acceptance costs, with more backing from bipartisan lawmakers.

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Cards Policies Payments 74

BankInovation

JUNE 7, 2023

Financial institutions must consider the efficiencies and limitations of artificial intelligence when deploying chatbots as client adoption grows and regulators address pain points of the technology. According to the Consumer Financial Protection Bureau’s (CFPB) “Chatbots in Consumer Finance” report, released yesterday, adoption of bank chatbots is expected to hit 110.9 million users by 2026.

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Regulation Report Technology 52

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Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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American Banker

JUNE 7, 2023

After shares dropped in the aftermath of recent failures, most banks demonstrated resilience and investors started to buy back into the sector.

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Community Bank Community 74

BankInovation

JUNE 7, 2023

Capital One acquired luxury concierge service Velocity Black in a deal announced June 1 as the credit card giant seeks to bolster the perks offered to its customers. Terms of the deal were not made public.

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Capital Cards Marketing 52

American Banker

JUNE 7, 2023

Robert Trunzo, who has led TruState since 2014, will retire in October. The company, previously called CUNA Mutual Group, hired Terrance Williams to replace him.

Groups 69

Groups Company Industry 69

TheGuardian

JUNE 7, 2023

A survey of the last 100 years of financial disasters shows that they’re a fact of life – but there are lessons to be learned For those who pay close attention to the business pages, recent weeks have made for nervous reading. One after another, regional US banks with billions of dollars on their books have collapsed. European banking stalwart CreditSuisse was bought in a fire sale.

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Survey Regional US Marketing 46

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With the number of loans maturing over the next couple of years, time is of the essence and automation is imperative. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.

Video

American Banker

JUNE 7, 2023

This week in global news: JPMorgan Chase works on blockchain in India, U.K. reps want faster crypto regs and more.

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Payments blockchain cryptocurrency Regulation 78

Dataconomy

JUNE 7, 2023

Best iOS 17 wallpapers are here! With the rapid development of new technologies, customization has become an essential element of our time spent online, and using custom wallpapers is a great way to give your iOS device a unique feel. With the debut of iOS 17, alongside Vision Pro and R1 chip , Apple introduced a slew of new, eye-catching wallpapers for iOS devices.

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Apple Tools Google Video 36

American Banker

JUNE 7, 2023

The Providence, R.I.-based bank has been scaling down its indirect auto lending program since last year.

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Lending 69

Dataconomy

JUNE 7, 2023

Artificial intelligence is slowly becoming one of the most crucial parts of human lives as social media applications are starting to adapt to the environment and add AI features, including the Instagram AI chatbot. The Meta-owned application has been testing the chatbot in Instagram DMs, discovered by an app researched on Twitter. Meta is one of the biggest technology companies in the world, and seeing the immense growth of AI in the social media industry, it is not surprising to see the company

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social media Marketing Technology Examples 36

Advertiser: ZoomInfo

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

Strategy

American Banker

JUNE 7, 2023

The interagency report recommends practices for financial institutions to manage relationships with fintechs and other third parties.

FDIC 56

FDIC Fintech Report Management 56

Dataconomy

JUNE 7, 2023

Midjourney is a well-known AI art generator that can generate beautiful visuals from word descriptions. However, it is not the only option for individuals looking to create AI art. In this post, we will discuss some of the finest Midjourney alternatives that are free or low-cost and offer comparable or superior capabilities. If you want your AI art generator to produce something original, different, and suitable for exhibition in a professional context, you must discover the best AI image genera

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American Banker

JUNE 7, 2023

Citigroup Chief Executive Officer Jane Fraser visited Beijing this week, joining other Wall Street executives to travel to China despite growing geopolitical tensions with the United States.

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United States Industry 36

Dataconomy

JUNE 7, 2023

Certified Business Analysis Professionals, equipped with the necessary skills and expertise, play a pivotal role in the ever-changing world of business. In order to remain relevant and seize opportunities, organizations must make well-timed, informed decisions. This is precisely where the proficiency of business examiners, commonly known as business analysts, becomes invaluable.

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Analysis Data Industry Management 36

Speaker: Data Robot

Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.

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