Wed.Aug 07, 2024

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Mobile, digital banking adoption jumps in Q2

BankInovation

Financial institutions are investing in their mobile and digital experiences as consumers flock to online channels for self-service banking.

Mobile 65
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JPMorgan fires up biometric payments processing

Payments Dive

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

Payments 488
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How To Use Account Analysis Effectively (Part 1)

South State Correspondent

Data analytics combined with artificial intelligence is changing the strategy and tactics around account analysis and the analyzed checking account (which we will call a “transaction account”). In this two-part series, we want to explore the history, structure, and role of account analysis in Part 1 and then some insights and tactics on increasing bank profitability while benefiting the commercial customer.

Analysis 195
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Toast aims to move beyond restaurants

Payments Dive

The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

Payments 459
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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Bank allies say FDIC brokered deposit plan reflects outdated thinking

American Banker

Industry experts argue that the Federal Deposit Insurance Corp.'s recent brokered deposit proposal, which would expand the classification of brokered deposits and reverse key elements of a 2020 rule, reflects outdated thinking and may discourage banks from holding such deposits.

FDIC 90

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Stablecoins draw new tech; Monzo entices U.S. consumers

American Banker

The Bank of England and the Bank for International Settlements have built a gauge to measure stablecoin reserves, and U.K. challenger bank Monzo is offering a bonus interest rate.

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Transactions: U.S. Bank joins forces with Billtrust for B2B payments

BankInovation

U.S. Bank is working with payments service provider Billtrust to provide business customers with an accounts receivable solution. The platform, called Advance Receivables, will help automate invoicing and payments along with providing custom methods for collection of invoices, Alberto Casas, head of product for U.S. Bank global treasury management, told Bank Automation News.

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Two banks explain why they are going the BaaS 'middleware' route

American Banker

Lincoln Savings Bank and Vantage Bank are two new clients of banking-as-a-service provider Unit. They say it improves their ability to 'go direct' rather than hinder it.

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Hoping Remote Work Goes Away Isn’t a Strategy

Realwired Appraisal Management Blog

No bank wants the keys to office collateral. How do you reduce special assets/REO/workouts? Consider a strategic response and provide next-level relationship banking. Now’s the time to help your office borrowers with consulting. Your RMs have the time. Sweating Over Office Loans?

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Riding a strong regional economy, a Georgia bank plans more branches

American Banker

First National Community Bank CEO Ryan Earnest said his institution would likely use its entry into Paulding County, an Atlanta suburb, as a template for future expansion.

Georgia 77
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Caring for the ‘future’

BankUnderground

David Glanville and Arif Merali Short term interest rate (STIR) futures are the bedrock of interest rate markets, used to price expectations of central bank policy rates and other UK rate derivative markets such as swaps and options (see Figure 1). They are key for the transmission of monetary policy and provide an avenue for interest rate risk hedging which is important for financial stability.

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How CDFIs can help fix America's housing affordability crisis

American Banker

The same creativity and flexibility that community development financial institutions bring to business lending ought to be applied to financing affordable housing.

America 65
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Mondu BV receives an EMI licence from DNB

The Paypers

Germany-based B2B BNPL payment provider Mondu BV has announced that it obtained an Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB).

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Blackstone Targets Richer Clients Than Its Rivals for a New Fund

American Banker

The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments

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Pine Labs launches UPI-focused payments platform

The Paypers

Pine Labs , an India-based merchant platform that provides payment solutions and Axis Bank have recently launched UPISetu, an UPI-focused payments platform for businesses and developers.

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Citigroup's trading division hit with fresh toxic-culture claim

American Banker

A female employee is now suing ICAP and Citigroup, alleging she was subjected to years of unwanted sexual attention and threats by a Citi trader.

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81% of survey participants see AI fraud as a new threat

The Paypers

Deduce, a patented technology platform together with Datos Insights has released a study showing trends in identity fraud growth within the financial industry.

Fraud 41
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Auditpalooza: Rocking the Month-End Close Audit

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

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There

The Financial Brand

This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand. Early retirement seems just out of reach for many – and will remain there for most. This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand.

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J.P. Morgan Payments expands its partnership with PopID

The Paypers

J.P. Morgan Payments has announced that it expanded its collaboration with PopID to deploy in-store biometric payments to support merchants across the US.

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The 5 Use Cases for Adding Generative AI to Your CX Strategy

The Financial Brand

This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand. Discover how to implement AI in customer experience without losing the human touch. Qualtrics' report offers a practical four-step playbook for success. This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand.

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Revolut and Tikkie simplify payments in the Netherlands

The Paypers

Revolut has integrated Tikkie , a popular Dutch payment app, to make it available to its Netherlands-based customers.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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finova Broker integrates Cashflows for digital payment processing

The Paypers

finova Broker , previously known as eKeeper Group and now a part of finova, has announced the integration of Cashflows , a platform that facilitates digital payment acceptance.

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IFC and Citi to support sustainable finance in Mexico

The Paypers

International Finance Corporation (IFC) and Citi have agreed to implement a USD 500 million facility in Mexico as part of a USD 2 billion sustainable supply chain finance programme.

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Sainsbury's partners with NCR Voyix

The Paypers

British supermarket chain Sainsbury’s has announced an extension of its partnership with digital commerce solutions provider NCR Voyix for an additional seven years.

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WorldFirst and Walmart aid China ecommerce sellers

The Paypers

WorldFirst , a digital payment and financial services platform has partnered with Walmart to help China-based ecommerce sellers collect funds from Walmart Marketplace.

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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.