Tue.Jun 06, 2023

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Opponents of CCCA brace for reintroduction

Payments Dive

Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.

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Why cash recycling can pay off for banks

ATM Marketplace

Cash recycling is a relatively recent development for ATMs, which raises the question of whether it is actually a good investment that can save time and money while increasing teller productivity.

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Worldpay turns to Volt for A2A payments

Payments Dive

A new tie-up between the companies will allow Worldpay’s merchant clients to tap bank-based payments from consumers.

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JPMorgan Chase builds payments 'app store' with Salesforce

American Banker

The companies are offering retail merchants a digital catalog of transaction services, which JPMorgan hopes will help it better compete with fintechs and other banks.

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Managing Default Rates: A Balancing Act in a Multistate Lending Environment

Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.

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Death of the cheque by 2030 as Australia embraces digital payment reforms

TheGuardian

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast The treasurer, Jim Chalmers, has signed the cheque’s death warrant to end its use in Australia by 2030, as part of a range of payment reforms for the digital era.

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Customers come first at LuxProvide

Dataconomy

LuxProvide, the operator of the national supercomputer MeluXina, unveiled its new brand identity, which embodies the company’s customer-centric approach. The presentation of LuxProvide’s new brand identity coincides with the launch of the third phase of the company’s development strategy. Following the design, construction, and implementation of MeluXina (phase 1), the deployment of an appropriate software environment, and the launch of an early access program (phase 2), LuxPro

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M&A stagnates, but regulatory resistance may ease

American Banker

Bankers and a key government supervisor say the downfalls of multiple regional lenders reminded regulators that traditional M&A is better for the industry than failed-bank-deals.

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Meet the Apple R1 processor, aka Vision Pro chip

Dataconomy

Apple unveiled the Apple R1 chip, aka Vision Pro chip, a dedicated CPU built for their groundbreaking mixed-reality headset, the Apple Vision Pro. Because of its advanced features and ability to work in tandem with the M2 chip, the R1 processor is destined to revolutionize the immersive experience. The Vision Pro chip shines as an example of a customized microprocessor carefully designed to fulfill the needs of mixed-reality headsets like the Vision Pro.

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Regulators can relax. Open banking rules won't increase liquidity risk.

American Banker

It would be a mistake for regulators in the U.S. and Canada to delay the rollout of rules supporting open banking. Fears of bank runs as a result of customer access to their own financial data are overblown.

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The ROI of Business Lending Platforms

Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

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Podcast: Preventing wire fraud with automation

BankInovation

Fraudsters found new opportunities in business email compromise scams as bank clients moved assets following the collapse of Silicon Valley Bank in March — that’s when tech providers stepped in.

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Wells Fargo seeks to settle 'Banking While Black' mortgage case

American Banker

Wells Fargo is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans.

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Finance-specific LLMs promise workflow automation

BankInovation

The generative AI boom may be in its infancy, but financial institutions are already looking into how they can implement large language models to streamline workflows and increase productivity. LLMs — AI systems trained using massive amounts of data to produce human-sounding responses — have a staggering number of potential applications in banking.

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Members 1st Federal Credit Union promotes chief experience officer to CEO

American Banker

Mike Wilson will soon replace George Nahodil as president and CEO of Members 1st, which is the third-largest credit union in Pennsylvania.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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What to do when Quillbot is down?

Dataconomy

If you’ve found yourself searching for “Quillbot not working,” it’s understandable that you may be facing some challenges. Quillbot has long been regarded as an exceptional tool for all those who engage in the art of crafting written content. Its innovative features and capabilities have made it an indispensable companion for countless individuals seeking assistance with their writing endeavors.

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Nusenda Credit Union buying bank in New Mexico

American Banker

Nusenda's agreement to buy Western Heritage Bank would be its first bank acquisition and the first such combination in the state.

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Why is the most anticipated AAA game of 2023 not working for some?

Dataconomy

Learn how to fix Diablo 4 not working and get a deeper look at why are even the most anticipated AAA games can’t manage flawless experiences. Let’s take Diablo 4 as an example; the game was first announced on November 1, 2019, at Blizzcon 2019, and although there is no official development cost, the total expenses for production are predicted to reach 1 billion and still crashing or not working properly.

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Bank CEO pay rose more slowly last year. It could happen again in 2023.

American Banker

After outsize profits at banks during the early stages of the pandemic led to big increases in compensation, chief executives collected a 7% median pay raise in 2022. The decline in stock prices following the recent banking crisis could weigh on the size of this year's awards.

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Transforming Non-Performing Assets With Loan Modification Automation

With the number of loans maturing over the next couple of years, time is of the essence and automation is imperative. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.

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The symbiotic dance of technology and art

Dataconomy

The presence and influence of computer generated images (CGI) in modern cinema are undeniable. Since the early 1990s, when CGI burst onto the scene like a seismic force, it has transformed the film industry, captivating audiences with its awe-inspiring visuals and pushing the boundaries of what is visually possible. Today, CGI stands at the forefront of a multi-billion dollar industry, where it plays a pivotal role in shaping the way stories are told on the big screen.

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CFPB warns banks that poorly deployed chatbots could harm consumers

American Banker

Chatbots may provide inaccurate information, may run afoul of consumer financial protection laws and may force consumers into "repetitive loops of unhelpful jargon," the Consumer Financial Protection Bureau warned.

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Zoom serves local data storage – but only for the rich

Dataconomy

Zoom and other major American tech giants like Amazon, TikTok, Microsoft, and Google are responding to increased concerns about data safety and sovereignty, launching initiatives aimed at providing their customers with greater control over their data storage and processing. Specifically, Zoom has launched a new initiative to enhance localized data storage within the European Economic Area (EEA), offering premium customers the option to select and store specific data in local data centers; additi

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San Francisco Home Loan Bank hires Western Alliance exec as senior VP

American Banker

Jennifer Schachterle will oversee the Home Loan bank's relationships with nearly 330 members. Two former members — Silicon Valley Bank and First Republic — failed this year, and consolidation has also thinned its ranks.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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Boost your productivity with DaVinci Resolve’s time-saving shortcuts

Dataconomy

DaVinci Resolve is one of the most used editing programs by professionals. It is also recommended to rookies as it is considered “easier to use” compared to others. If you are still learning about how to use the program, we got something that will save you time while working on projects. Using DaVinci Resolve shortcuts will help you complete projects easily, as you will be able to use features or tools with a couple of keyboard keys.

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Banking Democrats raise concerns over procedure in Republican bill frenzy

American Banker

The House Financial Services Subcommittee on Financial Institutions and Monetary Policy debated bills that would lower some banks' regulation and allow banks to pay some Deposit Insurance Fund assessments with Treasuries.

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Is Apple Vision Pro the “iPhone moment” for mixed reality?

Dataconomy

At WWDC 2023, Apple unveiled a number of improvements and advances, but the Vision Pro Headset’s cutting-edge technology undoubtedly captured the attention of everyone in the entire world. As other big tech firms dove fully into the AR/VR space, Apple has been developing the headset, known as Apple Vision Pro mixed reality headset, for years. This was in keeping with Apple’s traditional wait-and-see approach.

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SEC's crypto crackdown could bring regulatory certainty — eventually

American Banker

The Securities and Exchange Commission sued the two largest cryptocurrency exchanges this week over allegations of operating as unregistered securities exchanges, rattling the industry but potentially lighting the way to more regulatory certainty.

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Value-Driven AI: Applying Lessons Learned from Predictive AI to Generative

Speaker: Data Robot

Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.