Fri.Jun 06, 2025

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80% of banks have upped AI spending. Here's what they're buying

American Banker

Large language models, bespoke hardware and embedded AI are attracting banks' tech dollars, experts say.

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Fiserv buys out AIB Merchant Services

Payments Dive

The payments processor’s deal to buy the ownership stake that it doesn’t already own is expected to give it a stronger foothold in Europe.

Payments 221
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Fiserv acquires AIB Merchant Services

The Paypers

Fiserv , a provider of payments and financial services technology, has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group.

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Payments sector called “indisputable winner”

Payments Dive

Providers of payments services generated about a third of the $378 billion in global fintech revenue last year, according to a new report. The sector is poised for more growth with AI innovation.

Payments 195
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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House bill would codify bank protégé program

ABA Community Banking

An Ohio lawmaker reintroduced legislation to codify a Treasury Department program that pairs small and rural financial institutions with large banks and credit unions to provide resources, training and technical assistance for their communities. The post House bill would codify bank protégé program appeared first on ABA Banking Journal.

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How BMO and Truist use AI to improve customer experience

American Banker

Tech leaders explain how they're trying to use artificial intelligence to better understand customers and communicate with them, without seeming robotic.

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NatWest apologises to millions of customers locked out of app

TheGuardian

In latest IT outage to hit a UK bank, group is investigating problem caused by update to app late on Thursday NatWest has apologised to millions of customers locked out of its app in the latest IT outage to hit a major UK bank. The high street bank said it was investigating a problem caused by an update to the app that was rolled out late on Thursday, leaving customers unable to access their accounts through the app since shortly after 9am on Friday.

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Another pair of Boston-area banks unveil plan to merge

American Banker

NB Bancorp's deal for Provident Bancorp is the fourth announced in the Bay State since December. It comes nearly three years after bad crypto mining loans led to massive losses at Provident.

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FCA to lift the ban on offering crypto ETNs to retail investors

The Paypers

Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News FCA to lift the ban on offering crypto ETNs to retail investors Friday 6 June 2025 15:26 CET | News The Financial Conduct Authority ( FCA ) has proposed to lift the ban on giving crypto exchange traded notes (cETNs) to retail investors.

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Case Study: Anchor Loans Cuts Doc Prep Time by 90% with GoDocs Automation

Anchor Loans, one of the nation’s top private lenders, turned to GoDocs to modernize its document preparation process and keep pace with growing loan volume. By automating doc generation and integrating seamlessly with internal systems, Anchor Loans drastically reduced prep time and minimized risk—without adding headcount. Learn how GoDocs helped Anchor Loans begin finalizing loan packages in just minutes, enabling faster, more scalable lending with real-time compliance across 48 states.

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Agentic commerce is the moment fraudsters have been waiting for

American Banker

The government should allow and encourage financial institutions to deploy advanced technologies to protect customers from fraud enabled by agentic AI, instead of punishing them for innovating in response to new threats.

Fraud 41
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Apiture launches Fintech Connector for community banks and credit unions

The Paypers

Apiture , a provider of digital banking solutions, has launched Fintech Connector to improve innovation for financial institutions such as community banks and credit unions.

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Circle President Tarbert: Banks are 'ideal' partners

American Banker

In an interview with American Banker following Circle's IPO debut, President Heath Tarbert discussed the stablecoin issuer's go-public timing, the importance of regulation and transparency and how the fintech sees itself working with banks.

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Citigroup lays off 3500 employees from Chinese subsidiaries

The Paypers

Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News Citigroup lays off 3500 employees from Chinese subsidiaries Friday 6 June 2025 09:49 CET | News Citigroup has laid off 3,500 employees in mainland China as part of the bank’s efforts to reduce costs and optimise its global operations.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Corum named Capital City Bank president; Enterprise merger

American Banker

Bethany Corum succeeds Tom Barron as president of Capital City Bank; Independent Bank Corp. plans to finalize purchase of in-state rival, Enterprise Bancorp; Customers Bank taps Mark McCollom to take over as chief financial officer; and more in this week's banking news roundup.

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BIS and BoE test AI to spot financial crime in retail payments

The Paypers

The Bank for International Settlements (BIS) has partnered with the Bank of England (BoE) to test AI techniques to spot criminal activity in retail payments data.

Retail 36
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Senate Banking budget bill overhauls CFPB funding

American Banker

The Banking Committee's portion of the Senate budget bill would eliminate the Consumer Financial Protection Bureau's ability to request funding from the Federal Reserve, a move that goes further than House Republicans' version of the bill.

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California bill targets dormant crypto assets on exchanges

The Paypers

California's State Assembly has passed a bill that would extend the state’s authority to take custody of unclaimed cryptocurrency assets held on exchanges after three years of inactivity.

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Commercial Lenders, Playing It Safe Is the Real Risk

Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.

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Democrat bill pushes back on beneficial ownership rollback

American Banker

Congressional Democrats offered a bill Friday requiring the Treasury Department to apply the anti-money-laundering requirements of the Corporate Transparency Act more fully and help educate small businesses on how to comply with reporting of beneficial ownership information.

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ThetaRay and Spayce team up to fight financial crime using cognitive AI

The Paypers

ThetaRay and Spayce have established a strategic alliance aimed at tackling financial threats and increasing global payment security.

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Apple’s AI Strategy Under Fire | OpenAI Builds a ‘Super-Assistant’ | Amazon Tests Delivery Robots | Perplexity Hits 780M Queries | Meta Partners with Klarna

Bussman Advisory

This week’s must-know stories in the Agentic AI, FinTech and Digital Asset space. The latest edition of the Agentic AI & The Future of Finance Newsletter is here: Image Credits: shutterstock.com The post Apple’s AI Strategy Under Fire | OpenAI Builds a ‘Super-Assistant’ | Amazon Tests Delivery Robots | Perplexity Hits 780M Queries | Meta Partners with Klarna appeared first on Bussmann Advisory AG.

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Two-thirds of UK shoppers prefer physical payment cards, survey finds

The Paypers

Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News Two-thirds of UK shoppers prefer physical payment cards, survey finds Friday 6 June 2025 14:12 CET | News Zilch has released a survey that questions UK customers about their card usage, revealing that two-thirds of shoppers prefer physical payment cards.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Balancing current and future credit union needs in advocacy

CU Insight

Credit union advocacy , at its core, is about putting credit unions in a position to help their members succeed. That can mean defending credit unions’ current abilities—such as the credit union tax status—while also laying a foundation for the movement’s future needs. Terms like “offense” and “defense” often fail to capture the nuance of credit unions’ advocacy efforts.

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Meta partners with Klarna to launch the 'Play Now, Pay Later' bundle in the UK

The Paypers

Klarna , an AI-powered global payments network and shopping assistant, has partnered with Meta to launch a ‘Play Now, Pay Later’ bundle for gamers in the UK.

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Solid hiring in May undermines calls for Fed rate cut

American Banker

The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.

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Securely Group launches first AI financial agent companion

The Paypers

Australia-based fraud prevention and digital onboarding company, Securely Group , has recently launched Neuro, the first global AI-powered financial companion.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.