Payments Dive

MAY 24, 2023

“It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

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Regulation Payments Innovation 273

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses." Download now Takeaway 1 Under current federal law, banks and credit unions face federal prosecution and penalties if they provide services to legal marijuana-related businesses.

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Lending Fraud Compliance Ohio 195

Payments Dive

MAY 24, 2023

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

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CFPB Monitor

MAY 24, 2023

A fintech peer-to-peer lender has entered into separate consent orders with California, Washington D.C., and Connecticut relating to its practice of requesting tips and donations in connection with the loans offered through its platform. The fintech’s platform offers opportunities for members to act as borrowers or lenders and facilitates loans between its members.

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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.

Technology

Payments Dive

MAY 24, 2023

In 2015, the bank improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users, the CFPB said.

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Fraud Report 221

Jeff For Banks

MAY 24, 2023

Rafael Peralta was born April 7, 1979 in Mexico City. He graduated from San Diego's Morse High School in 1997. But he had to wait to receive his green card before he could enlist. In 2000, he received it, and on that very day he enlisted in the U.S. Marine Corps as a rifleman. He would later become a U.S. citizen while serving. In 2001, Peralta was deployed overseas when his father died in a workplace accident.

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San Diego Hawaii Cards Operations 78

Dataconomy

MAY 24, 2023

Do you enjoy the improvements brought about by advances in AI but despise the need to learn and adapt to new tools? Adobe got you covered; the king of photo editors now has artificial intelligence (AI)-generated effects. Generative Fill is now supported by Adobe’s Firefly family of creative generative AI models, allowing users to enlarge photos and add or delete objects easily.

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Tools Google How To Video 85

CB Insights

MAY 24, 2023

Y Combinator ‘s Winter 2023 batch welcomed 48 fintech startups, representing nearly a fifth of the total W23 cohort. Business-to-business (B2B) fintechs were central to its strategy — in fact, 85% of the fintechs accepted in W23 cater to businesses. While 77% of the fintech companies in the W23 cohort are based in the United States, Y Combinator also turned to emerging markets.

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Fintech Strategy United States Payments 63

BankInovation

MAY 24, 2023

Scotiabank invested in technology in the second quarter driven by project-related costs and software and licensing expenses. The Canadian bank’s tech spend in Q2 increased 13% year over year to $383 million, according to the bank’s quarterly earnings presentation.

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Capital Software Technology Retail 52

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.

Fraud

CB Insights

MAY 24, 2023

Apple ‘s high-yield savings account, unveiled in April through a partnership with Goldman Sachs , reached almost $1B in deposits in the first 4 days alone and 240,000 accounts in the first week. This wasn’t the first time Apple has sent waves across the fintech landscape. Since Apple’s foray into the space almost a decade ago, the company has been gradually shaping itself into a fintech giant.

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Fintech Strategy Apple Cards 58

BankInovation

MAY 24, 2023

Visa is launching cross-wallet transactions platform Visa+ this summer, and PayPal, Venmo and TabaPay will be among person-to-person payment apps integrated into the platform.

Payments 52

Payments 52

TheGuardian

MAY 24, 2023

Traders at five banks found to have discussed British government bond trading between 2009 and 2013 The UK’s competition watchdog has provisionally found that five major banks broke competition law by unlawfully exchanging sensitive information about British government bond trading in online chatrooms. In an investigation, the Competition and Markets Authority has found that the banks – Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada – shared competitively sensitive informatio

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Online Strategy Marketing Regulation 54

Dataconomy

MAY 24, 2023

Is it possible to find the most efficient blockchain technology in the realm of constantly emerging diverse platforms, each with its unique set of features and design choices? Efficiency in the context of blockchain encompasses various factors such as transaction throughput, scalability, consensus mechanisms, security, and energy consumption. Achieving the highest level of efficiency requires striking a delicate balance between these elements.

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blockchain Technology cryptocurrency Bitcoin 59

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.

Strategy

BankInovation

MAY 24, 2023

Bank of Montreal introduced a new digital account opening program and finalized its integration of Bank of the West during the second quarter.

Software 52

Software Report Retail Online 52

Dataconomy

MAY 24, 2023

Are you an aspiring mobile app developer who wants to learn how to create an iOS app? If so, then you’ve come to the right place! Creating a successful iOS app requires a lot of hard work and dedication. But with the right knowledge and resources, it can be done much more quickly than many people think. In this blog post, we’ll walk you through the steps needed to create an iOS app from start to finish.

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How To Apple Mobile Guidelines 57

CB Insights

MAY 24, 2023

ESG (environmental, social, and governance) investing is at a crossroads. 2022 was a year of draining flows to sustainable funds, disappointing ESG investment performance, and political backlash in the US. There are mixed reports on ESG demand and performance. However, several prominent data providers still suggest a relatively healthy market and appetite for ESG among investors.

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Company Marketing US Examples 46

Dataconomy

MAY 24, 2023

In today’s fast-paced business landscape, startup companies face the challenge of maximizing their efficiency and productivity to gain a competitive edge. Fortunately, advancements in technology provide valuable tools and solutions that can revolutionize the way startups operate. In this article, we will explore how they can harness and leverage technology to streamline operations, optimize workflows and drive productivity.

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Technology Company Risk Management Operations 56

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.

Case Study

The Banker

MAY 24, 2023

Rising wealth inequality and booming corporate savings fuelled a ‘deposit glut’, increasing bank fragility; Silicon Valley Bank was the first victim, writes Guillaume Vuillemey.

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Dataconomy

MAY 24, 2023

In the last twelve months, we have seen a vast number of new AI organisations develop, taking advantage of the latest advances in foundational models, technology and demand. Although AI is often seen to act as a ‘co-pilot’ rather than an ‘auto-pilot’, there are still many remarkable feats that it can accomplish, compared to classical computing.

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Training Resources Data Maine 56

Tomorrow's Transactions

MAY 24, 2023

Mobile first has driven the expectation of immediacy. and that has to be reflected in the payment infrastructure that supports our digital payment experience The post Real-time payments, right now, with FedNow. first appeared on Consult Hyperion.

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Payments Mobile 39

American Banker

MAY 24, 2023

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Cards Regulation Compliance 97

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.

Strategy

CB Insights

MAY 24, 2023

Biometric technology is revolutionizing the financial and retail sectors. Established players and innovative disruptors are embracing biometric payments — which verify and process payments using a customer’s physical features (e.g., face or palm) — to provide transactions that are more secure, efficient, and personalized. Tech giants like Apple and Google have already introduced facial recognition for payments.

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Payments Company Marketing Retail 36

American Banker

MAY 24, 2023

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Payments 83

The Financial Brand

MAY 24, 2023

This article Failing to Experiment With AI Tools Like ChatGPT Is An Inexcusable Mistake appeared first on The Financial Brand. Stop wondering how other banks and credit unions are using generative AI tools like ChatGPT and start experimenting — because prompt engineering is our destiny. This article Failing to Experiment With AI Tools Like ChatGPT Is An Inexcusable Mistake appeared first on The Financial Brand.

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Tools Branding Customer Experience Marketing 37

American Banker

MAY 24, 2023

Digital Banking 78

Digital Banking Risk Management Payments Management 78

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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.

Lending