Wed.Mar 15, 2023

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A 'green' digital debit card concedes the need for plastic

American Banker

Payments

Cards 69
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Visa, Mastercard depict bank failure impact

Payments Dive

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management.

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Fiserv, Jack Henry CEOs react to bank crisis

Payments Dive

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact

Payments 300
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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How to Build a Payment Test Automation Strategy for 2023

ATM Marketplace

Automated testing helps to identify and resolve issues faster and more efficiently, leading to improved user experience and increased customer satisfaction

Strategy 124

More Trending

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Ex-Wells Fargo executive Carrie Tolstedt agrees to guilty plea

American Banker

Financial crimes Regulation and compliance Consumer banking

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Tracing the evolution of a revolutionary idea: GPT-4 and multimodal AI

Dataconomy

What is multimodal AI? It’s a question we hear often these days, isn’t it? Whether during lunch breaks, in office chat groups, or while chatting with friends in the evening, it seems that everyone is abuzz with talk of GPT-4. The recent release of GPT-4 has sparked a flurry of excitement and speculation within the […] Machine Learning Artificial Intelligence Data Science chatgpt Featured openAI

Groups 73
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Ex-Wells Fargo executive Carrie Tolstedt agrees to $17 million fine

American Banker

Litigation Consumer banking Regulation and compliance

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OpenAI released GPT-4, the highly anticipated successor to ChatGPT

Dataconomy

OpenAI finally released GPT-4 large language model, and people already wonder how to use GPT-4. The new LLM is a considerable upgrade over the GPT-3.5 model used by ChatGPT, with significant gains in answer accuracy, lyric generation, creativity in text, and implementation of style changes. While such immense power has its benefits, it might be […] News Artificial Intelligence AI artificial intelligence chatgpt openAI

How To 62
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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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Silicon Valley Bank was essential to my company's success

American Banker

Company 78
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Credit Suisse shares fall to record low as top investor rules out more funding

TheGuardian

Saudi National Bank says it cannot stump up more cash because of regulatory restrictions Credit Suisse shares have plunged more than 20% to record lows after its largest shareholder, Saudi National Bank (SNB), said it would not be able to stump up more cash for the beleaguered Swiss bank because of regulatory restrictions. SNB’s chair, Ammar al-Khudairy, said he would not be able to spend any more money to support Credit Suisse, since the Middle Eastern lender had already accumulated a 9.9%

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How much blame do supervisors deserve for Silicon Valley Bank's demise?

American Banker

Risk management Regulation and compliance Silicon Valley Bank failure

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SVB collapse may be start of ‘slow rolling crisis’, warns BlackRock boss

TheGuardian

Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise The collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizures and shutdowns coming”, the chief executive of the world’s largest asset manager has warned.

Trends 81
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8 Ways to Torture Your CFO

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

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things NOT to do when it comes to helping the CFO office support the business.

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Latest global payments news

American Banker

Payments Regulation and compliance Cryptocurrencies

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SCOTUS extends briefing schedule in case challenging constitutionality of CFPB’s funding

CFPB Monitor

Having granted the certiorari petition filed by the CFPB seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. CFPB , the U.S. Supreme Court has granted the parties’ joint request to extend the time to file the briefs on the merits.

America 78
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It is essential that we protect consumers from fraud over P2P networks

American Banker

Fraud 69
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CFPB and DOJ file statement of interest in lawsuit alleging lender violated ECOA and FHA by denying loan based on appraisal alleged to be discriminatory

CFPB Monitor

The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a Statement of Interest regarding the application of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) to a lender that allegedly denied a loan to the plaintiffs based on a home appraisal alleged to be discriminatory.

Lending 78
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Shifting Focus in Today’s Market A Commercial Lender’s Guide

With today's market as it is, where should lenders shift focus? We’ll address 4 emerging products for 2023 and tell you the ‘why and the how’ including several lender use cases. Get the Guide

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FedNow instant payments platform will be live in July, central bank says

American Banker

Federal Reserve Digital payments Payments

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Be serious, conservatives. ‘Wokeness’ didn’t cause Silicon Valley Bank’s demise | Tayo Bero

TheGuardian

The right is claiming that political correctness – not capitalism – caused this financial catastrophe. Really? You’d think that witnessing the second-biggest bank failure in US history would be a sobering moment. Since Silicon Valley Bank collapsed on Friday amid a bank run, however, Republicans have instead been twisting themselves into inelegant pretzels to blame “wokeness” for the financial disaster.

Capital 75
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Why don't midsize credit unions want to grow through mergers?

American Banker

Credit unions M&A

53
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Credit Suisse: what is happening at Swiss bank and should we be worried?

TheGuardian

Plunge in bank’s share price adds to fears over weaknesses in banking sector following collapse of SVB Credit Suisse shares fall to record low as top investor rules out more funding Panic has gripped global banking stocks for the second time in a week: the wave of fear prompted by the collapse of California’s Silicon Valley Bank (SVB) has been followed by fresh jitters over the stability of major European bank Credit Suisse. Continue reading.

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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UK, US move to address SVB collapse

BankInovation

LONDON — The United States and the United Kingdom are trying to sort out the impact of Silicon Valley Bank’s collapse on fintechs. In the U.S.,

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‘Lungs of the startup world’: bank fall upends most Silicon Valley industries

TheGuardian

Demise of Silicon Valley Bank has rattled not just businesses and investors but the ecosystem that grew up around it Startup founders, venture capitalists and aspirational entrepreneurs descended on Austin on Friday for the annual South by Southwest conference as they do every year. But as the day wore on, a sense of fear and confusion began to take hold amid the usual energy and buzz in the Texas capital.

Austin 73
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Credit Suisse latest bank to tank

BankInovation

Credit Suisse shares plummeted more than 20% at market open from the news that Saudi National Bank will not provide more funding to Credit Suisse.

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Budget 2023: Hunt overhauls pensions, benefits and childcare in push for growth

TheGuardian

Chancellor pledges cash for businesses and parents, and says UK will avoid recession this year Budget 2023 live: reaction to Jeremy Hunt’s statement Budget 2023: key points at a glance Jeremy Hunt has said he is “proving the doubters wrong” as he used a stronger than expected economic performance to help fund new tax breaks for business investment and a drive to get people back into the workforce.

Taxes 73
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.