6 payments trends to watch in 2023
Payments Dive
JANUARY 10, 2023
FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.
Payments Dive
JANUARY 10, 2023
FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.
South State Correspondent
JANUARY 23, 2023
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. Our innovation working group, called Spark, has been playing with the tool for the past several months, and this article details how we use it to jump our productivity by 20%.
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Payments Dive
JANUARY 26, 2023
At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.
Perficient
JANUARY 25, 2023
2023 has commenced, and rates are climbing, inflation is bubbling, and banking customers are continuing to demand hyper-personalized products and experiences from their institutions. Here are five banking trends we’re forecasting for the new year. 1. Banks are focused on efficiency initiatives to optimize their operations and lower costs. Three prominent areas where there is a strong desire to optimize: Data.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.
Independent Banker
JANUARY 31, 2023
Photo by Chris Williams [ICBA LIVE is] an opportunity to continue training up the next generation, so I would encourage community bank leaders to join us and bring your rising community continuators with you. The passion I have for community banking was born at ICBA LIVE 2011, which was my first ICBA convention as an adult. I thought I already loved community banking, but I didn’t realize how much until then.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
JANUARY 26, 2023
As we discussed in Part 1 of Modernizing the Property Valuation Process , the housing market has experienced dramatic changes that have presented many challenges for appraisers. Although the market has shifted, the challenges remain. While initiatives put in place by Practical Applications of Real Estate Appraisal (PAREA) and The Appraiser Diversity Initiative to provide alternative pathways for aspiring appraisers to join the industry and decrease the shortage of appraisers represent a good sta
ATM Marketplace
JANUARY 13, 2023
Cryptocurrency has taken a big hit of late with the bankruptcy of the FTX crypto exchange, but one crypto entrepreneur that has brought crypto to the vending space believes the technology has a promising future: particularly the oft maligned NFT.
Payments Dive
JANUARY 13, 2023
The buy now, pay later provider said it encountered a “technical issue” and that transactions would be corrected at banks within three to seven days.
Perficient
JANUARY 24, 2023
In the first blog in this series, Getting Started On Embedded Finance , we defined embedded finance and took a high-level look at the goals and strategy a firm should take at the outset of its modern embedded finance journey. In this blog, we will look at how a non-banking company can offer bank-like perks to its clients and workers. When a non-financial firm offers embedded banking, they offer a branded checking account to hold funds and make payments for the betterment of the company and it
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Independent Banker
JANUARY 31, 2023
Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand. By William Atkinson Name: Scottsdale Community Bank Assets: $28 million Location: Scottsdale, Ariz.
TheGuardian
JANUARY 24, 2023
Stephen Fry, Emma Thompson and Mark Rylance add their voices to Richard Curtis’s Make My Money Matter campaign A raft of famous names including Stephen Fry, Emma Thompson and Mark Rylance have joined activists and businesses in calling on the UK’s big five banks to stop financing new oil, gas and coal expansion. Make My Money Matter , a campaign set up by Richard Curtis , the screenwriter, director and Comic Relief co-founder, has written to the chief executives of HSBC, Barclays, Santander, Nat
BankUnderground
JANUARY 12, 2023
Kristina Bluwstein, Sudipto Karmakar and David Aikman. Introduction. Inflation reached almost 9% in July 2022, its highest reading since the early 1990s. A large proportion of the working age population will never have experienced such price increases, or the prospect of higher interest rates to bring inflation back under control. In recent years, many commentators have been concerned about risks to financial stability from the prolonged period of low rates, including the possibility of financia
ATM Marketplace
JANUARY 17, 2023
Going into 2023, ATMs are at a crossroads both in terms of overall banking strategy and payments trends.
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In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.
Payments Dive
JANUARY 31, 2023
The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.
BankInovation
JANUARY 30, 2023
Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services.
ABA Community Banking
JANUARY 11, 2023
Meet Saleem Iqbal, ABA’s Community Bankers Council chair. The post ‘My hobby is banking’ appeared first on ABA Banking Journal.
TheGuardian
JANUARY 30, 2023
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks Barclays and UBS are facing questions about their ties to Roman Abramovich after his secretive offshore trusts were reorganised shortly before Europe and the UK imposed sanctions on the Russian oligarch. The Oligarch Files, a cache of leaked documents seen by the Guardian, suggest that before Russia invaded Ukraine the two banks held at least $940m (£760m) of
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
Dataconomy
JANUARY 19, 2023
The AI drawing hands issue has been going on for so long that it has now become a running joke. If you don’t know yet, spoiler alert: AI can’t draw human hands or feet properly. AIs that can convert words to images appear miraculous.
CB Insights
JANUARY 26, 2023
The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. However, some top investors like Andreessen Horowitz (a16z) remained active in the space across various deal stages, valuations, geographies, and sub-industries. Fintech is central to a16z’s investment strategy. In recent years, the firm has not only shored up its presence in more familiar sectors like banking, but also reached deeper into newer territory like blockchain.
Payments Dive
JANUARY 12, 2023
The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market.
Advertiser: Trellis
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The Financial Brand
JANUARY 18, 2023
This article Digital Banking Readiness is Top Priority in 2023 appeared first on The Financial Brand. Enhancing customer experiences via development of AI, blockchain, and cloud computing are key parts of digital banking improvement. This article Digital Banking Readiness is Top Priority in 2023 appeared first on The Financial Brand.
TheGuardian
JANUARY 19, 2023
Data shows UK banks losing well-paid staff, as Italy, France and Spain make up 70% of rise in EU top earners A record 1,957 bankers across Europe earned more than €1m (£878,000) last year, according to data that shows the scale at which some of the best-paid jobs in Britain have moved from London to the EU since Brexit. The European Banking Authority disclosed on Thursday that the number of bankers earning €1m or more a year had increased by more than 40%, from 1,383 in 2020 to 1,957 in 2021.
Dataconomy
JANUARY 12, 2023
Chinchilla AI is yet another example of AI language model, claimed to outperform GPT-3. Yes, you heard right. The engine behind the ChatGPT is outperformed by DeepMind’s new language model. The news spread rapidly, and soon everyone wondered: “What is Chinchilla AI?” Are you one of them? You came to the right place. As always, we continue […].
CB Insights
JANUARY 4, 2023
Inflation. Interest rates. Supply chains. Market volatility. Projected growth. After 2022’s countless shake-ups, many are hoping that the new year will usher in a renewed sense of dynamism — and maybe even optimism — in the tech world as “the new normal” shifts once again. If nothing else, the coming year will certainly prove that nothing in tech stays the same for long.
Advertiser: ZoomInfo
Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr
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