Payments Dive

MAY 30, 2023

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase.

Study 416

Study Payments 416

Accenture

MAY 31, 2023

While central banks are under scrutiny these days thanks to rising interest rates and economic uncertainty, they’ve always played a fundamental role in the modern financial services system. For a closer look at the challenges and opportunities they face amid today’s breakneck pace of digital change, I’m turning my blog over to my colleagues Rohit… The post It’s now or never: Time for central banks to embrace change appeared first on Accenture Banking Blog.

System 322

System Digital Banking Regulation 322

Perficient

JUNE 1, 2023

As the financial services industry continues to evolve, companies are looking for ways to stay ahead of the competition and increase their market share. One way to do this is by leveraging the power of generative AI. Generative AI is an advanced form of artificial intelligence that can create content from scratch, taking the burden off of manual labor and allowing companies to focus on their core business.

Compliance 251

Compliance Industry Regulation Data 251

South State Correspondent

MAY 30, 2023

The yield curve is currently inverted, and the FOMC may take a pause at its next meeting in June. Uncertainty about the evolution of the economy and the path of future interest rates and the unusual inverted yield curve shape affords a prime opportunity for bankers to provide sound, trusted advice to clients. This is the time for bankers to offer loan structuring solutions to help customers solve business problems, mitigate risk, and manage balance sheets and cash flows.

Examples 195

Examples Course Community Management 195

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Payments Dive

MAY 31, 2023

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

Payments 307

Payments Company 307

Perficient

MAY 31, 2023

Open-Source vs. Proprietary Software – What’s the Difference? To thoroughly grasp what open source is, one should understand what it is not. Open source is not restricted by licensing agreements, and the user behind open-source software is not forbidden to change, edit, study, or redistribute manipulated versions of it. Open-source software grants its users a degree of accessibility that is not possible through its proprietary counterpart.

Software 251

Software Study User Experience Innovation 251

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. You might also like this one-page summary of key dates and deadlines for complying with the 1071 rule. DOWNLOAD Takeaway 1 The effective date of the CFPB's new rule based on Section 1071 of the Dodd-Frank Act is June 28, 2023.

Compliance 195

Compliance Lending Data Regulation 195

Payments Dive

MAY 30, 2023

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

Operations 356

Operations Cards Company 356

Gonzobanker

JUNE 1, 2023

A recent Gallup survey notes 48% of Americans are worried about the safety of their money in banks. How worried are bank boards? So Gonzo Bankers, are you feeling like the worst of the banking chaos is behind you, or are you peering around the corner like you’re in a classic horror-movie scene? Lately, it feels like a “B” movie where the villain has just been slain and you’ve let your guard down only to have the villain open their eyes!

Capital 158

Capital Strategy social media Analysis 158

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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ATM Marketplace

JUNE 2, 2023

Valley Bank recently made a major digital transformation. Brad Cooper, editor of ATM Marketplace, spoke with Daniel Brown, editor of Digital Signage Today, about what this means for the banking industry as a whole.

ATM 123

ATM Industry 123

BankUnderground

JUNE 1, 2023

Sangyup Choi, Tim Willems and Seung Yong Yoo How does monetary policy really affect the real economy? What kinds of firms or industries are more sensitive to changes in the stance of monetary policy, and through which exact channels? Despite advances in our understanding of the monetary transmission mechanism, existing studies have not reached a consensus regarding the exact mechanics of transmission.

Policies 113

Policies Industry Data Analysis 113

Payments Dive

JUNE 1, 2023

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

Google 259

Google 259

BankInovation

JUNE 1, 2023

The arrival of ChatGPT and similar products has reignited a decades long debate about whether advanced automation, supported by artificial intelligence, will usher in the “end of work,” leading to mass layoffs as businesses replace humans with machines. The artificial intelligence (AI) hype cycle has been building since the 1970s.

Data 96

Data 96

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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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BankBazaar

JUNE 2, 2023

Since the RBI announced the withdrawal of ₹2,000 notes, questions and concerns flood social media platforms. In this article, we debunk common misconceptions, guide you through the process of exchanging ₹2,000 notes, and shed light on an alternative payment method that can ease the transition. Discover how Credit Cards can be a great alternative to cash.

Cards 78

Cards social media Security Management 78

CFPB Monitor

JUNE 2, 2023

The CFPB has issued an “ Issue Spotlight ” titled “Analysis of Deposit Insurance Coverage on Funds Stored Through Payment Apps.” The report was accompanied by a consumer advisory on payment apps. Issue Spotlight. To explain its focus on deposit insurance coverage of funds stored on payment apps (or P2P platforms), the CFPB points to the recent crypto asset platform collapses and bank failures and the growth of non-traditional financial services platforms. .

Report 78

Report Payments Analysis 78

Payments Dive

JUNE 2, 2023

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

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SWBC's LenderHub

JUNE 1, 2023

Everything happening in our economy today hinges on inflation. If inflation continues to fall quickly, robustly, and smoothly, we can expect the U.S. economy to rebound well. Consider it a softish landing, as the Fed continues to work on lowering inflation rates by raising interest rates. But if inflation refuses to come down as quickly as economists would like, that may put pressure on the Fed to continue raising rates—and keep them elevated longer.

Marketing 78

Marketing Lending 78

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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.

Lending

BankBazaar

JUNE 2, 2023

Since the RBI announced the withdrawal of ₹2,000 notes, questions and concerns flood social media platforms. In this article, we debunk common misconceptions, guide you through the process of exchanging ₹2,000 notes, and shed light on an alternative payment method that can ease the transition. Discover how Credit Cards can be a great alternative to cash.

Cards 78

Cards social media Security Management 78

CFPB Monitor

JUNE 1, 2023

We are pleased to report that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. The Group was ranked in the highest tier nationally in the Compliance category of Financial Services Regulation: Consumer Finance. The Group was also ranked nationally in the categories of Litigation and Enforcement & Investigations.

National 78

National Groups Compliance Regulation 78

Payments Dive

MAY 31, 2023

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

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259

American Banker

JUNE 2, 2023

Americans are going to invest in crypto no matter what politicians and regulators think. So, it would be better to keep crypto exchanges in the U.S., and under SEC supervision, than to drive them overseas.

Regulation 95

Regulation Policies cryptocurrency Compliance 95

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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.

Lending

BankBazaar

MAY 30, 2023

Travelling abroad soon? Don’t leave without knowing the new TCS rule applicable on Credit Cards, forex cards, debit card transactions, and currency purchases. There is some unfortunate news for travellers who use international Credit Cards while abroad. The Reserve Bank of India (RBI) has included international Credit Card transactions under the Liberalised Remittance Scheme, and as a result, every dollar spent abroad will now incur a 20% Tax Collected at Source (TCS).

Cards 78

Cards Taxes Management Company 78

CFPB Monitor

JUNE 1, 2023

At the end of March 2023, the CFPB issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women- or minority-owned small businesses. .

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Data Report 78

Payments Dive

JUNE 1, 2023

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout.

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American Banker

JUNE 2, 2023

More than half of U.S. consumers now use digital wallets, according to new data from J.D. Power. But PayPal and Apple Pay have a huge lead over rivals, and are already experienced combatants in the battle for consumers' spending.

Apple 87

Apple Data Payments 87

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.

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