BankInovation
JULY 16, 2024
EverBank considers strong platforms and API-first integrations when selecting third-party vendors to modernize operations. “If we build good platforms that are API-first, we can plug in the best of the best [into the bank],” Lindsay Lawrence, executive vice president and chief operating officer, told Bank Automation News.
Payments Dive
JULY 16, 2024
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
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ATM Marketplace
JULY 16, 2024
As it approaches its 200th anniversary, Liberty Bank is embracing major technological changes and investigating others.
Payments Dive
JULY 16, 2024
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
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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.
BankInovation
JULY 16, 2024
Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth across its three divisions — investment banking, wealth management and institutional securities — Chief Financial Officer Sharon Yeshaya said during Morgan Stanley’s second-quarter earnings call today.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JULY 16, 2024
Banks reported that they have far more protections against fraud in digital channels versus branches or call centers, according to survey research.
BankInovation
JULY 16, 2024
Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to AI. “AI has moved from cost savings ideas to enhancing the quality of our customer interactions,” Chief Executive Brian Moynihan said during today’s second-quarter earnings call.
American Banker
JULY 16, 2024
Two Northeast banks will get new CFOs next month. Webster Financial hired Neal Holland, the former CFO of the failed First Republic Bank, and Eastern Bankshares hired David Rosato, who left Berkshire Hills Bancorp last month.
Commercial Lending USA
JULY 16, 2024
Do you need to start your construction project quickly? Lenders who come from the past can be slow and strict.
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American Banker
JULY 16, 2024
Early Warning Services CEO Cameron Fowler will join bank executives at an upcoming hearing in the Senate Permanent Subcommittee on Investigations to discuss fraud on the Zelle payments network.
The Paypers
JULY 16, 2024
Visa has announced the rollout of its Visa Instalment Credential (VIC), a dedicated credential for Buy Now, Pay Later (BNPL) products in Japan.
American Banker
JULY 16, 2024
The tech giant is enabling users to pay by holding smartphones together, potentially cutting into the market for Zelle, PayPal and Venmo.
The Paypers
JULY 16, 2024
The Bank of Korea (BOK) has signed a memorandum of understanding (MOU) with Bank Indonesia to enhance cross-border payment systems between South Korea and Indonesia.
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American Banker
JULY 16, 2024
Bankers and financial services professionals should be monitoring the rollout of the EU Digital Identity Wallet initiative, as it signals changes likely to arrive in the U.S.
The Paypers
JULY 16, 2024
UK-based Thought Machine has partnered with digital wealth management solutions provider Quantifeed to augment the private banking sector worldwide.
American Banker
JULY 16, 2024
Federal Reserve Board Gov. Adriana Kugler said traditional data sets are slow and sometimes outdated. She pointed to housing services as a price category that can benefit from private data.
The Paypers
JULY 16, 2024
Digital asset investment management platform Haruko has secured USD 6 million in a Series A funding round to facilitate its expansion into Southeast Asia.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
American Banker
JULY 16, 2024
The superregional bank in Pittsburgh also reported a small quarter-over-quarter advance in interest income and reiterated expectations for a record year on that front in 2025.
The Paypers
JULY 16, 2024
Mexico-based OCN , previously known as OneCarNow, has announced that it secured USD 86 million in a Series A funding round, which included equity and debt.
The Financial Brand
JULY 16, 2024
This article Are Gen Zers the Most Dangerous Clients for Banks? appeared first on The Financial Brand. Gen Zers may present as riskier clients — but bankers that opt to ignore them stand to lose business long term. This article Are Gen Zers the Most Dangerous Clients for Banks? appeared first on The Financial Brand.
The Paypers
JULY 16, 2024
Online broker specialising in trading and investment platforms eToro has announced a new collaboration with SDA Bocconi.
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American Banker
JULY 16, 2024
Should senior Senate Banking Committee member Bob Menendez, D-N.J., resign or be expelled from the Senate, it could derail key nominations — including that of Christy Goldsmith Romero for Federal Deposit Insurance Corp. chair.
The Paypers
JULY 16, 2024
India-based private bank Bandhan Bank has announced the launch of a new payment solution via the Bharat QR Code, developed for its Current account and Savings account customers.
American Banker
JULY 16, 2024
Federal Reserve chair Jerome Powell's term expires in 2026, and the chances are good that he will ride off into the sunset. But there is a path for him to be renominated for a third term, and he's defied long political odds before.
The Paypers
JULY 16, 2024
Switzerland-based banking software company Temenos has partnered with Visa to integrate Visa Direct with Temenos Payments Hub.
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