Tue.Feb 06, 2024

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3 predictions for the ATM Industry in 2024

ATM Marketplace

The ATM industry is constantly evolving to meet the changing needs of consumers. Going into this new year, several key trends are expected to shape the future of ATMs.

ATM 117
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Fiserv lands Uber, eBay as debit network clients

Payments Dive

The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

Payments 273
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Member business lending: How to leverage MBL for credit union growth

Abrigo

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. You might also like this upcoming webinar, "Relationship banking: 7 Keys to extraordinary results." Register Takeaway 1 Credit unions developing or tightening up an existing MBL strategy should start by engaging the board of directors to outline goals.

Lending 221
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USDA offers online payment tool for farm loan borrowers

Payments Dive

The new online option will give farmers and ranchers an alternative to making payments by phone, mail or visits to a USDA office.

Online 221
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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How Alliant Credit Union grew deposits by $500 million in 2023

American Banker

The $18.5 billion-asset institution saw member growth increase by 22% year-over-year and fund levels surge in the first six months of last year after deploying a new deposit origination platform.

More Trending

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Simplified Documentation - SHF Loans

Commercial Lending USA

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

Lending 76
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Driving Business Outcomes for a Customer with the Power of Cisco Catalyst Center

Cisco

In today’s rapidly evolving financial services landscape, technology plays a crucial role in enabling business outcomes. Cisco is at the forefront of these technological advancements.

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Fiserv payments revenue up 3% to $1.8B

BankInovation

Fiserv saw an increase in payments revenue during the fourth quarter as its financial institution clients looked to join new payment rails and grow deposits. Payments revenue during Q4 increased 3% year over year to $1.8 billion, according to Fiserv’s earnings supplement.

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Unacceptable phrases

Realwired Appraisal Management Blog

“Good neighborhood”, “student” and “family room” are risible unacceptable words for appraisals. But what other phrases should truly be deemed unacceptable? My biggest (by far) pet peeve for our valuation space is… Unacceptable Phrase #1: “We’ve Always Done It This Way” This phrase reflects resistance to change.

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Navigating the Evolving Landscape of AI in Loan Technology

BankInovation

In Informed’s 2023 loan technology survey, a noteworthy 68% of organizations reported harnessing the power of artificial intelligence (AI) in loan processing and funding. (This year’s report isn’t yet out, but spoiler alert – this number rose to 76%) The statistic underscores a significant shift in the industry towards embracing cutting-edge technology.

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Concerns about New York Community mount after chief risk officer's exit

American Banker

The regional bank's stock price again fell by double digits on Tuesday, marking the fourth daily decline of at least 10% in the last week. The latest shoe to drop was the news that Chief Risk Officer Nicholas Munson left the company early this year.

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KYP partners with NeoGames

The Paypers

Know Your Partner (KYP) has collaborated with NeoGames , becoming the latter’s real-time data orchestration and risk monitoring platform.

Data 74
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UBS to complete Credit Suisse integration by 2026

BankInovation

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition.

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Crypto payments app Oobit Raises USD 25 mln in Series A funding

The Paypers

Singapore-based cryptocurrency payments app Oobit has raised USD 25 million in Series A funding round led by Tether.

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Yellen refuses to back banking agencies' Basel play

American Banker

Treasury Secretary Janet Yellen repeatedly demurred when invited to expound on the Basel III capital proposal, but didn't hold back her criticisms of the Securities and Exchange Commission's safeguarding rule and its consequences for banks' custody businesses.

Capital 62
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Podcast: FIs invest in digital experiences, AI and data

BankInovation

Financial institutions are looking to technology providers to keep up with digital capabilities requested by clients.

Data 61
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Vast Bank to shut down its mobile crypto app

The Paypers

Vast Bank has decided to shut down its mobile crypto app and exit the cryptocurrency industry after receiving a consent order from the Office of the Comptroller of the Currency (OCC) in October 2023.

Mobile 45
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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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To compete with fintechs, banks need to radically reimagine themselves

American Banker

The biggest banks need to get creative about the kinds of products and services they offer, and their efforts to attract a broader customer base.

Fintech 48
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AffiniPay launches In-Person Payments

The Paypers

US-based payment service provider AffiniPay has rolled out In-Person Payments, enhancing efficiency and client experience with easy integration and Tap-to-Phone technology.

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Regulators initiate regulatory lookback process

American Banker

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency Tuesday issued the first in a series of requests for comment on all aspects of the regulatory apparatus as part of a required decennial review.

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HFS Research partners with AML RightSource

The Paypers

HFS Research has partnered with AML RightSource in order to release a study on individuals and teach imperatives that drive new automation in fincrime compliance.

Study 45
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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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A painful year looms for issuers of middle-market consumer credit cards

American Banker

Delinquencies and charge-offs are set to climb over the next several months, as lenders tighten underwriting policies and credit lines while facing downward pressure on late-payment fees.

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Mastercard acquires minority stake in MTN's fintech business

The Paypers

Global payment-technology corporation Mastercard has concluded the acquisition of a minority stake in the South African MTN Group ’s fintech business.

Fintech 45
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Why auto lenders are cautiously optimistic even as late payments rise

American Banker

Car loan delinquencies are worsening across all age groups and income levels, as high interest rates and elevated car prices take a toll, according to the New York Fed. But executives at some large auto lenders remain relatively confident about their customers' ability to stay afloat.

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Magnati partners with AI Etihad Payments

The Paypers

Middle East-based payments solutions provider Magnati has partnered with AI Etihad Payments (AEP) to offer merchants an instant digital payment experience in the UAE.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.