Mon.Jun 10, 2024

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Bank stocks advance following robust employment gains

American Banker

Investors homed in on the benefits of positive economic data for lenders, rather than the possibility of a strong job market delaying interest rate cuts that would help to lower deposit costs and boost credit demand.

Data 36
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Rivals Adyen, Stripe partner with Capital One to combat fraud

Payments Dive

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

Fraud 369
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Trending Sources

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Labour election victory would be ‘net positive’ for markets, says JP Morgan

TheGuardian

Win would benefit banks, builders and supermarkets, say analysts, showing appeal of ‘centrist platform’ for City UK general election live – latest updates A Labour election victory will be a “net positive” for financial markets, strategists at the US bank JP Morgan have said, in an analysis that underlines the appeal of Keir Starmer’s “centrist platform” to the City of London.

Marketing 107
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Mastercard shepherds seven startups

Payments Dive

The card network has selected a group of next-generation payment and banking startups for its accelerator program.

Groups 221
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How to Avoid Getting "Ghosted": Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Saudi Central Bank joins mBridge for CBDC cross-border trade

The Paypers

Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.

More Trending

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Why Illinois' budget bill has bankers sounding the alarm

American Banker

An interchange provision included in Illinois' budget bill could force banks and payment processors nationwide to revamp their payments infrastructure, lobbying groups for the industry say.

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Evolving to embedded payments: 4 steps to move your company forward

Payments Dive

Enabling embedded payments is a strategic evolution that occurs step by step.

Company 221
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Credit card borrowers are starting to show greater strength, new data indicates

American Banker

Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there's 'reason to be cautiously optimistic," one analyst said.

Cards 81
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ING, Deutsche look to AI for personalization

BankInovation

ING and Deutsche Bank are looking to AI to boost efficiencies and provide personalized banking experiences for their clients. AI adoption is growing among financial institutions, according to Nvidia’s 2024 State of AI in Financial Services report.

Survey 66
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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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US Treasury seeks public input on the use of AI

The Paypers

The US Treasury has asked the public to share their input regarding the use of artificial intelligence (AI) in the financial services sector.

US 78
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AWS clients tap into Visa Cloud Connect platform

BankInovation

Amazon Web Services’ business clients can now tap Visa’s payments solutions through the recently launched Visa Cloud Connect platform.

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Mastercard asks: Is crypto still too complicated for payments?

American Banker

Digital assets have never caught on for mainstream payments, but the card network isn't giving up hope. Its latest effort aims to reduce complexity by learning from the successes of digital wallets.

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GHL partners with Alipay+

The Paypers

GHL has announced its partnership with Alipay+ in order to facilitate cross-border payments for customers and clients in the region of the Philippines.

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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 FDIC's badly inaccurate 'problem bank list' should be shut down

American Banker

All eyes are on the FDIC's toxic workplace scandal and the resultant resignation of its longtime director. However, another problem not being discussed is the agency's "problem bank list.

FDIC 61
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CFPB establishes rules for standard-setting bodies

The Paypers

The Consumer Financial Protection Bureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.

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The World is Going Cashless. Get Over It.

The Financial Brand

This article The World is Going Cashless. Get Over It. appeared first on The Financial Brand. Increasingly 'money' will be digital and currency will become the stuff of history, predicts futurist Brett King. This article The World is Going Cashless. Get Over It. appeared first on The Financial Brand.

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Entrust launches Citizen Identity Orchestration for governments

The Paypers

Entrust has launched Citizen Identity Orchestration to help governments enhance public services through secure digital identities, improving service delivery and trust.

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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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Gruenberg will not testify at House Cleary report hearing

American Banker

A scheduling conflict will prevent Federal Deposit Insurance Corp. Chair Martin Gruenberg from attending a House hearing on workplace misconduct allegations despite ongoing GOP scrutiny and prior calls for his resignation.

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Centenary Bank launches Flexcube Banking System

The Paypers

Uganda-based Centenary Bank has introduced a new core banking system named Flexcube to meet customer demand for instant digital banking services.

System 45
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Where is Visa Headed with its ‘Flexible Credential’ Concept?

The Financial Brand

This article Where is Visa Headed with its ‘Flexible Credential’ Concept? appeared first on The Financial Brand. 'One card to rule them all' is one guess. But it's barely an explanation in the competitive payments space. Experts debate Visa's long game. This article Where is Visa Headed with its ‘Flexible Credential’ Concept?

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US Faster Payments Council reports on faster payments and inclusion

The Paypers

The US Faster Payments Council has issued a report that explores financial inclusion through faster payment solutions, highlighting progress and challenges.

US 41
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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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Is Banking Consumer Behavior Not Changing at All? One Report Suggests So

The Financial Brand

This article Is Banking Consumer Behavior Not Changing at All? One Report Suggests So appeared first on The Financial Brand. A slew of industry reports since Covid suggest customer loyalty is more fluctuating than ever. A 2024 report suggests people aren't changing as much as we think. This article Is Banking Consumer Behavior Not Changing at All? One Report Suggests So appeared first on The Financial Brand.

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UK regulator enforces October deadline for APP fraud refunds

The Paypers

The interim head of the UK Payment System Regulator has declined a request to postpone the implementation of a controversial fraud reimbursement plan.

Fraud 41
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The State of Social Media: Authenticity Alongside AI

Image Works Direct

Background on authenticity and AI

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iDenfy augments Able's ID verification for doctors and patients

The Paypers

Lithuania-based regtech provider iDenfy has partnered with weight care treatment platform Abel to augment its onboarding efficiency and reliability.

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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.