Payments Dive

MAY 23, 2023

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

Report 370

Report Cards Payments 370

South State Correspondent

MAY 23, 2023

Lending is getting riskier. Due to higher rates, inflation, and a slowing economy, the three essential credit metrics – probabilities of default (POD), POD rate of change, and POD volatility- have all materially increased from 2022. In this article, we look at what is happening at the state level, look at 30 common industries where credit risk is rising, and 30 industries where credit risk is the lowest.

Trends 195

Trends Lending North Dakota Minnesota 195

Payments Dive

MAY 23, 2023

The move is part of PayPal’s plan to lean on Venmo to lure more users.

415

415

Gonzobanker

MAY 23, 2023

Bank leaders are working overtime to defend their performance and relevancy. The historic deposit runs on several niched regional banks have woken up bankers and their investors, regulators and policymakers to the threats that liquidity flows place on the entire industry. Taking a step back and looking into reported financial data for Q1 2023, a few key insights appear: The banking industry lost a remarkable $1.1 trillion or 5.5% of total deposits from March 31, 2022, to March 31, 2023 – obvious

Risk Management 129

Risk Management Regional social media Industry 129

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

ATM Marketplace

MAY 23, 2023

Banking automation is here to stay. However, banks also have to deal with questions of how automation can impact their brand image and the customer experience. They also have to find the balance between delivering cutting edge technology while still keeping the personal touch.

Customer Experience 95

Customer Experience Branding Technology 95

CB Insights

MAY 23, 2023

Embedded insurance — the integration of insurance into a digital product on a third-party platform or marketplace — is becoming more popular as a way to boost revenues and improve customer experiences. For consumers, these products can provide faster, more convenient, and more accessible insurance options. For insurers, embedded insurance can enable more product personalization (e.g. using payroll provider data for pay-as-you-go workers comp), improve underwriting accuracy (e.g. usin

Company 83

Company Customer Experience Data Industry 83

CFPB Monitor

MAY 23, 2023

On May 17, 2023, the U.S. Department of Education (ED) released a Notice of Proposed Rulemaking intended to increase transparency regarding the costs and financial outcomes of postsecondary programs. The centerpiece of the proposed regulations is a Gainful Employment (“GE”) Rule, which would terminate access to federal financial aid for career training programs that fail to meet federal benchmarks.

Regulation 78

Regulation Training Meeting 78

Dataconomy

MAY 23, 2023

In the ever-evolving landscape of technological advancements, Artificial Intelligence (AI) has begun to leave an indelible mark on various industries and professions, including art. The emergence of AI-generated images has ignited a profound transformation in artistic expression, challenging conventional notions of creativity and authorship. In this article, we embark on a captivating journey into the world of AI-generated images, delving deep into their implications and unraveling the future of

Tools 81

Tools Guidelines Google System 81

William Mills

MAY 23, 2023

Public relations programs will always vary based on a fintech’s unique goals and market position. But, whether it’s a startup or a more established company, with one competitor or hundreds, organizations’ public relations programs should focus on a three-pronged approach: building brand awareness, educating key audiences and establishing credibility.

Fintech 71

Fintech Strategy Branding Marketing 71

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

Dataconomy

MAY 23, 2023

Non-fungible tokens (NFTs) have been  making waves since 2014 , especially in the last two years. The concept of a non-fungible digital asset, one that you cannot easily exchange on a one-to-one basis like cryptocurrencies, emerged as a way to represent ownership and scarcity in the digital world. As with anything scarce, these conditions have led to a focus on NFTs becoming the latest nugget in the blockchain gold rush.

blockchain 71

blockchain cryptocurrency Technology Miami 71

BankInovation

MAY 23, 2023

QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for two new funds. The firm, based in Alexandria, Virginia, said it has closed on $650 million for its early stage fund and $275 million for what it calls an early growth-stage fund.

Fintech 52

Fintech Virginia Financial Technology Technology 52

Dataconomy

MAY 23, 2023

The advent of edge computing is poised to have a significant influence on various industries, exerting its effect on both current and forthcoming verticals. Although certain sectors have already experienced the initial waves of this impact, others are anticipated to adopt it at a relatively slower pace. Consequently, telecommunications companies must exercise caution and prudence in their vertical selection process, ensuring that they choose the most appropriate target area in light of the edge

Industry 65

Industry Analysis Data Operations 65

BankInovation

MAY 23, 2023

The digital wallet market is saturated and has several established players, but this has not stopped new competitors from entering the space. Despite being one of the late arrivals to the space, Paze, a digital wallet being launched by a consortium of banks, including U.S.

Marketing 52

Marketing Payments 52

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

ATM Marketplace

MAY 23, 2023

More than just processing a payment transaction, Ren Payments is a pathway to innovation, allowing our customers to keep pace in an ever-changing financial environment by providing modern technology with total freedom.

Payments 48

Payments Innovation Technology 48

BankInovation

MAY 23, 2023

Wells Fargo Head of Global Treasury Management Payments and Transaction Services John Hunter is focused on simplifying the bank’s experiences with cloud, AI and machine learning. The San Francisco-based bank invested $9.4 billion in technology in Q1, launched Wells Fargo Vantage digital banking platform and continues to look to AI for opportunities within the bank.

San Francisco 52

San Francisco Digital Banking Payments Management 52

Qudos Bank

MAY 23, 2023

Are you in your 30s, or on your way there? Your 30s can be an exciting point in your life, as it’s a time of change for many. However, some changes require financial security which can empower you to take considered risks, to help you get ahead. We’ve put together some helpful financial tips, designed to assist people just like you to help improve your financial situation and take control of your income/expenses. 1.

Taxes 40

Taxes Payments Lending Cards 40

American Banker

MAY 23, 2023

Fintech 85

Fintech Regulation Compliance 85

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 23, 2023

Rebuilding Ukraine, Uzbekistan’s gradual opening up and sub-Saharan Africa dominated the agenda at this year’s EBRD meeting in Samarkand. Anita Hawser reports.

Meeting 36

Meeting Report 36

American Banker

MAY 23, 2023

Community Bank 83

Community Bank Lending Community 83

The Paypers

MAY 23, 2023

Ecommerce platform Lazada Group has launched ladasolutions.com, an e-learning website that offers bite-sized, self guided courses on Lazada Sponsored Solutions (LSS) to anyone.

Course 29

Course Groups 29

American Banker

MAY 23, 2023

Regulation 73

Regulation Compliance Policies 73

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

The Paypers

MAY 23, 2023

Meta has been fined with EUR 1.2 billion by regulators from the European Union for violating EU privacy laws by transferring personal data of Facebook users to servers in the US.

Data 28

Data Regulation US 28

American Banker

MAY 23, 2023

Industry 73

Industry Management 73

The Paypers

MAY 23, 2023

UK-based bank NatWest has launched Tap to Pay on Android, a new service for customers to accept in-person contactless payments on their own phone devices.

Payments 29

Payments 29

American Banker

MAY 23, 2023

FDIC 68

FDIC 68

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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