Fri.Feb 09, 2024

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Banks should step up scam response: fraud expert

Payments Dive

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

Fraud 397
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FinCEN Issues ANPR to address residential real estate money laundering

Abrigo

ANPR to Address Residential Real Estate Money Laundering FinCEN is focusing on residential real estate money laundering. Here is what you need to know. You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.

Training 195
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The importance of testing ATMs

ATM Marketplace

As financial services providers continue their digital transformation efforts, ATMs are becoming smarter, faster and more interconnected. In this context, the importance of comprehensive ATM testing cannot be overstated.

ATM 126
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Revealed: The Best Time To Pay Your Credit Card Bill

BankBazaar

Happy with paying your Credit Card bill by the due date? Hold on. There’s a case for paying earlier if you want to reduce your interest costs or fortify your Credit Score. Read on! Ever wondered about the optimal time to settle your Credit Card bill? Let’s explore the details. Firstly, it’s crucial to pay at least the minimum amount due by the monthly due date.

Cards 78
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Why is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Is Sandro DiNello the right leader for struggling New York Community?

American Banker

In a surprise move this week, banking veteran Sandro DiNello was appointed executive chairman of the embattled Long Island-based company, whose stock plummeted in the face of questions about its financial health.

More Trending

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Tesco to sell bulk of banking business to Barclays for £700m

TheGuardian

About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded services Tesco has struck a deal to sell the bulk of its banking business to Barclays for £700m in a deal that will include the transfer of about 2,800 staff to the bank. Britain’s biggest supermarket group has agreed to sell its credit card, loans and savings operations to Barclays but will retain profitable elements of Tesco Bank, including its insurance, ATM, travel money and gift card operations.

ATM 80
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Can New York's 'migrant prepaid card' boost financial inclusion?

American Banker

The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.

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What bank execs are saying about gen AI

BankInovation

Banks are identifying uses for generative AI and finding ways to make it effective and responsible. According to a Dec. 11 report by consulting giant EY, 100% of respondents said they are either already using or plan to use generative AI within their institutions.

Survey 66
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FinMont partners with ConnexPay to augment travel payments

The Paypers

Global payment orchestration platform FinMont has added B2B payment platform ConnexPay ’s all-In-one payment solution to their travel orchestration platform.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Nvidia nears Amazon’s market value as blazing rally drives ahead

BankInovation

Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the fourth most valuable US company. Having added nearly Tesla Inc.’s entire market capitalization in the past two months alone, Nvidia is worth $1.74 trillion, just shy of Amazon at $1.77 trillion.

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Lenders weigh sports marketing as Rocket, UWM skip Super Bowl

American Banker

Only a few dozen mortgage firms could likely afford the $7 million ad for this year's big game, a marketing veteran said.

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Affirm tech spend down 32% YoY, revenue up 48%

BankInovation

Buy now, pay later provider Affirm reduced overall operating expenses for the fourth consecutive quarter as operational efficiency and consumer growth remained a priority. Tech and data analytics spend, which totaled $59 million during the quarter, was down 32% year over year, according to Affirm’s earnings supplement for the fiscal second quarter, which ended Dec.

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HSBC and Google Cloud to expand the Climate Tech Ecosystem

The Paypers

In a recent announcement, HSBC and Google Cloud have joined forces to support climate mitigation and resilience efforts.

Google 69
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Hero (MX5400): The Most Flexible Solution to Support Both Retail and Financial

ATM Marketplace

The Hero offers an advanced design and user-friendly interface displayed on a 15” screen. This full Windows model can support WinCE and Windows 10 to handle whatever transaction set you can dream up. Its sophisticated look combined with its high cash capacity make the Hero series an ideal fit for both Retail and Financial installs.

Retail 48
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SBA Loan Prepayment Penalty: A Guide for Business Owners

Commercial Lending USA

SBA Loan Prepayment Penalty: A Simple Guide for Business Owners. Uncover potential costs and make informed financial choices for your success.

Lending 52
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Hero T (MX5100TA): Through-The-Wall ATM

ATM Marketplace

The Hero T is a through-the-wall ATM that delivers high availability and offers a wide variety of optional modules along with traditional service offerings. The Hero T offers best in class reliability, security, and high capacity. It can easily scale up after installation to suit growing demand.

ATM 48
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Barclays to acquire the retail banking business of Tesco

The Paypers

Barclays has announced its decision to acquire the retail banking business of Tesco, as well as to provide customers with branded credit cards, personal loans, and deposits.

Retail 48
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Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Don't rush to undo the 'tailoring' of bank liquidity requirements

American Banker

Policymakers should ignore the legislative calendar and draft a proposal that will stand up to bipartisan scrutiny, even if it takes time.

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FIS to launch its Open Access platform

The Paypers

Global financial technology company FIS has announced the launch of its Open Access platform, in order to secure Open Banking solutions for FIs and customers.

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Barclays gives dozens of bankers nothing in grim bonus round

American Banker

Barclays is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers.

Groups 36
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Juspay acquires LotusPay to strengthen recurring payment offerings

The Paypers

India-based payments infrastructure company Juspay has bought LotusPay to strengthen its offerings to the BSFI segment and merchants, with a focus on recurring payments.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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Worldline plans to cut its workforce, MoneyGram hires four new leaders

American Banker

French payments company Worldline may cut 8% of its workforce, Moneygram advances its digital strategy by hiring four new leaders, Fed issues enforcement action against Peoples-Marion Bancorp and more in our weekly banking news roundup.

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The Paypers launches The Global Payments and Fintech Trends Report 2024

The Paypers

The inaugural edition of The Global Payments and Fintech Trends Report offers a comprehensive overview of the key trends in fintech and payments for 2024 and beyond.

Trends 41
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?One Portal to Rule Them All: How One Bank Streamlined Onboarding

The Financial Brand

This article  One Portal to Rule Them All: How One Bank Streamlined Onboarding appeared first on The Financial Brand.  Peapack-Gladstone Bank's goal was to create a truly end-to-end digital onboarding and KYC process that would work across all three lines of its business. This article  One Portal to Rule Them All: How One Bank Streamlined Onboarding appeared first on The Financial Brand.

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Decentro receives the final payment aggregator licence

The Paypers

India-based fintech infrastructure platform Decentro has received its final payment aggregator licence from the Reserve Bank of India (RBI).

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Top 10 Benefits of Automating Closing Documents

In the fiercely competitive landscape of commercial lending, where FinTech's digital transformation initiatives take center stage, the complexities of loan documentation are constantly evolving. Today, automating closing documents stands as a crucial component in FinTech's top priorities, addressing challenges from compliance demands to managing fluctuating volumes during uncertain economic times.