Accenture
MAY 12, 2022
If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected. Even before the pandemic rewrote the rules on customer expectations, industry incumbents were being compelled to innovate by forces such as the advent of new technology like artificial intelligence, disruptive new competitors of all sizes, and shifting….
Payments Dive
MAY 12, 2022
While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated.
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Abrigo
MAY 12, 2022
This post was substantially updated from the one originally published July 19, 2019. Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? These measures can help. Would you like other articles like this in your inbox? Takeaway 1 Sophisticated cybercrime attacks target various sectors, including government, finance, education, energy, and health care.
Payments Dive
MAY 12, 2022
The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now.
Advertiser: Data Robot
Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.
CFPB Monitor
MAY 12, 2022
Yesterday, the U.S. Senate confirmed Alvaro Bedoya to serve as an FTC Commissioner . Mr. Bedoya fills the seat on the Commission previously held by CFPB Director Rohit Chopra. He joins the two other Democratic FTC Commissioners, Lina Khan, Chair of the Commission, and Rebecca Slaughter, thereby ending a 2-2 split and restoring a 3-2 Democratic majority.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Strategically Speaking
MAY 12, 2022
As I sat staring at the computer screen at hour three, I thought to myself, “Have I done enough? Studied enough?”.
BankInovation
MAY 12, 2022
Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank Ltd. “People are being scammed and the proceeds normally go into crypto wallets,” Boden said in a virtual interview with Bloomberg UK. The assets are also in a valuation bubble and […].
CFPB Monitor
MAY 12, 2022
Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Examining Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. . After opening statements from Subcommittee Chairman Raphael Warnock (D-GA) and Ranking Member Thom Tillis (R-NC), three witnesses offered testimony and responded to questions from the Subcommittee members.
BankInovation
MAY 12, 2022
Fiserv is integrating buy now, pay later (BNPL) company Affirm into its Carat merchant platform as part of the core provider’s latest business banking push. Affirm is set to be the first BNPL to fully integrate into Fiserv’s Carat merchant platform, allowing Fiserv merchant clients to add Affirm payment options into their digital checkout. Fiserv […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.
Bobsguide
MAY 12, 2022
PARIS, May 12,?2022 — Murex , the global leader in trading, risk management and processing solutions for capital markets, has?won?the Software Solution of the Year?category at the FTF News Technology Innovation Awards 2022. Murex’s MX.3 integrating platform received the distinction for the fourth time in five years. After its FTF News editorial panel shortlisting, MX.3 was voted Software Solution of the Year due to the strong support received from clients and industry peers worldwide.
BankInovation
MAY 12, 2022
Quantum computing has implications for high-value challenges in finance, according to an industry expert. Quantum computing can be used to measure credit decay as it relates to risk, to increase training speed for machine learning algorithms, including accelerating Monte Carlo calculations, and to optimize portfolios, explains Sam Mugel, who holds a Ph.D. in quantum computing, […].
Dataconomy
MAY 12, 2022
In the era of digital workplace, enterprises are utilizing cutting-edge technologies and today we are going to discuss how AI in security systems could help businesses increase their cybersecurity. Artificial intelligence (AI) is becoming more prevalent than you may realize.
TheGuardian
MAY 12, 2022
UK now ‘jurisdiction of choice for dirty money’, cross-party group says as it launches economic crime manifesto The UK has become “the jurisdiction of choice for dirty money”, harming its national reputation and democratic institutions, a cross-party group of MPs have said as they urged a new government focus on money laundering and corruption. An economic crime manifesto launched by the group calls for measures including transparency reforms for company records, a crackdown on tax avoidance in
Advertiser: Data Robot
As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.
CFPB Monitor
MAY 12, 2022
We first review the scope of the CFPB’s supervisory authority granted by Dodd-Frank and the source of its authority to supervise nonbanks that present risks to consumers. We then discuss how we expect the CFPB to use its risk-based authority, including the types of products it may target and its decision to make public the identities nonbanks. We also look at the practical impact of CFPB supervision for targeted nonbanks and what steps companies can take both to avoid becoming a CFPB target an
Dataconomy
MAY 12, 2022
A new machine learning framework developed at the U.S. Department of Energy’s Brookhaven National Laboratory can hone in on which parts of a multistep chemical conversion should be altered to increase productivity. The technique may assist researchers in determining the shape of catalysts, also known as chemical dealmakers that speed.
Bussman Advisory
MAY 12, 2022
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Instagram to start testing NFTs with select creators Visa, Google bring virtual cards to autofill More than $200 billion erased from entire crypto market.
FICO
MAY 12, 2022
Meet Digital Jane, She’s Your Customer and She Has High Expectations. FICO. Thu, 05/12/2022 - 22:39. Meet Jane. Jane is 28-year-old woman sharing an apartment in the big city with friends. She uses her mobile phone to conduct a lot of her day-to-day life, including connecting with friends, making purchases, checking her bank account, and even buying a new car.
Speaker: Raul Perez, VP and CFO of Lancaster Leaf
Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.
CB Insights
MAY 12, 2022
KuCoin , a cryptocurrency exchange platform, has raised $150M in an extended Series A. The round drew participation from Jump Crypto, Matrix Partners China, and Circle Ventures, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="
FICO
MAY 12, 2022
FICO World Is Back! After a 30-month Covid hiatus, FICO World 2022 kicked off this week in Orlando, Florida with more than 1,000 customers and partners joining the conference to explore best practices and new ideas in digital transformation and applied intelligence. The conference, which started 45 years ago, features innovative speakers and more than 80 breakout sessions delivered over 3 days.
CB Insights
MAY 12, 2022
Paddle , a provider of payments infrastructure for SaaS companies, has raised $200M in a mix of debt and equity. The Series D round drew participation from 83North, FTV Capital, and KKR, among others. The debt financing was provided by Silicon Valley Bank. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" >
The Banker
MAY 12, 2022
Encumbered by high household debt, the impact of the pandemic and the war in Ukraine, Thailand’s economy is exploring foreign investment and infrastructure projects to give it a much-needed boost. Peter Janssen reports.
Advertiser: Data Robot
An organization’s path to AI success can be full of obstacles, from a proper assessment of its own AI maturity, to a better alignment between business and technical teams, many factors can influence the outcomes. All of this is tightly intertwined with a myriad of complicated technical decisions that can make or break any long-term AI strategy. While AI progress is hard, companies don’t have to get stuck in an endless loop of inertia on their path to value-driven AI.
CB Insights
MAY 12, 2022
SirionLabs, a provider of contract management technology, has raised $85M in a Series D. The round drew participation from Avatar Capital Partners, Partners Group, Sequoia Capital, and Tiger Global Management. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name.
The Banker
MAY 12, 2022
When Thailand’s banks were hit with a ratings downgrade, it created uncertainty across the sector. With the country reopening to tourists and the banks exploring new growth models, there is hope of a return to form. Peter Janssen reports.
The Paypers
MAY 12, 2022
Fintech FINOM has launched a new business account in Italy, which combines banking, e-invoicing, and finance management services on a single platform, according to ffnews.com.
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What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.
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