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 139
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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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Why is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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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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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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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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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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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 62
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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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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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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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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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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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Top 10 Benefits of Automating Closing Documents

In the fiercely competitive landscape of commercial lending, where FinTech's digital transformation initiatives take center stage, the complexities of loan documentation are constantly evolving. Today, automating closing documents stands as a crucial component in FinTech's top priorities, addressing challenges from compliance demands to managing fluctuating volumes during uncertain economic times.