Mon.Jan 23, 2023

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15 Ways We Are Using ChatGPT in Banking

South State Correspondent

No doubt you have heard other bankers talking about ChatGPT. This AI-powered digital assistant, technically called “generative AI,” has taken banking, and society, by storm. In three months, it has become the primary tool of many bankers, helping make banks more efficient across the organization.

Tools 311
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International coalition pursues cross-border payments improvements

Payments Dive

In a new report, a group of international organizations give a broad overview of routes for improving international payments systems

Groups 265
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Banks, Regulators Push for Mortgage Rule Changes

Banking Exchange

In separate initiatives, the ABA and CFPB are seeking to add to consumer protection measures related to mortgage lending Mortgage Credit Feature Mortgage Mortgage Compliance Mortgage/CRE Feature3 Compliance/Regulatory Duties 1Mortgage/CRE

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Earnings preview: Payments companies face up to 4Q

Payments Dive

How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports

Company 227
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Trust the Software! Doc Gen Automation

A detailed look at why automation is the future of loan documentation and how this technology adds value to the attorney relationships, creating a next-generation workflow.

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Microsoft Invests $10 Billion in ChatGPT Maker OpenAI

BankInovation

Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, amassing more than a million users within days and touching off a fresh debate over the role of AI in the workplace.

More Trending

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Zelle to pay: Can banks turn their P2P network into a wallet?

American Banker

Payments

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Lending to Drive Growth in 2023: Survey

Banking Exchange

Almost nine in 10 CFOs expect commercial lending to be a “major source of profitable growth” this year Retail Banking Financial Trends Feature Lines of Business Technology Feature3 Financial Research 1Retail Banking

Survey 78
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The wild card for bank M&A in 2023

American Banker

Industry News Community banking M&A Commercial banking

Cards 61
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FTX-Linked Bank Exits Crypto Markets

Banking Exchange

Farmington State Bank plans return to community banking roots after crypto platform’s collapse Community Banking Blockchain Bitcoin Cryptocurrency Digital Feature Feature3 1Community Banking

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What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

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With regulatory spotlight on bias, appraisers worry about losing their independence

American Banker

FHFA Regulation and compliance CFPB Politics and policy

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Second Circuit holds inclusion on credit report of student loan debt alleged to have been discharged in bankruptcy did not make report inaccurate under FCRA

CFPB Monitor

The U.S.

Report 78
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CEO of Ascend Federal Credit Union in Tennessee is retiring

American Banker

Credit unions Industry News Succession planning

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CFPB issues circular on negative option marketing

CFPB Monitor

The CFPB has issued a new circular (2023-01) that addresses the circumstances under which “negative option marketing practices” can violate the CFPA prohibition of unfair, deceptive, or abusive acts or practices.

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The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

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Texas Capital projects a slowdown in spending this year

American Banker

Earnings Commercial banking

Texas 58
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NYDFS releases guidance focusing on custody of customers’ virtual currency in the event of insolvency

CFPB Monitor

On January 23, 2023, the New York Department of Financial Services released guidance with the stated goal of helping to protect customers of virtual currency businesses in the event of an insolvency or similar proceeding by imposing new custody and disclosure requirements on virtual currency entities that act as custodians.

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Risk management labor costs weigh on stress-tested banks: Study

American Banker

Accounting standards Risk management Regulation and compliance

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Unleashing the power of AI with the rise of intelligent supply chain management

Dataconomy

Supply chain professionals believe that artificial intelligence will be a “game changer” for their industry. Supply chain management is a critical aspect of business operations that involves planning, coordinating, and controlling the movement of goods and services from suppliers to customers.

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The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

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Idaho credit unions reaping the benefits of population boom

American Banker

Credit unions NCUA Field of membership

Idaho 55
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Grasshopper Bank, Ramp team up on SMB corporate card

BankInovation

Grasshopper Bank is partnering with finance automation platform Ramp to provide virtual and physical corporate cards with a host of features to its business clients.

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NCUA places Texas credit union into conservatorship

American Banker

Credit unions Industry News Regulation and compliance

Texas 54
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5 questions with … HSBC USA Head of Global Payments Tom Halpin

BankInovation

HSBC USA’s Tom Halpin, head of global payments solutions in North America, is focused on listening to customer needs as the bank prioritizes digital-first engagement. The $167 billion bank, owned by $2.9

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

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What does the future look like for crypto lenders?  

American Banker

Technology Cryptocurrencies

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Goldman Sachs transaction banking COO joins Bank Automation Summit US 2023

BankInovation

Brinda Bhattacharjee, chief operating officer for transaction banking in platform solutions at Goldman Sachs, will headline the fireside chat at the Bank Automation Summit U.S. 2023 on Thursday, March 2, at 10:00 a.m.

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How to use ChatGPT effectively: A guide to master generative AI

Dataconomy

Everyone wonders how to use ChatGPT effectively, and they are quite right to do so. You can even make money with OpenAI’s revolutionary AI tool ChatGPT! But first, you should understand ChatGPT as a concept. The artificial intelligence tool performs very differently than conventional search engines. The revolutionary nature of this technology lies in the […] Artificial Intelligence chatgpt Featured openAI

Tools 42
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Synchrony: Consumers 'still healthy' despite uptick in late payments

American Banker

Earnings Synchrony Consumer banking

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.