Payments Dive

MARCH 14, 2023

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

Millennials 518

Millennials Cards Company 518

American Banker

MARCH 14, 2023

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74

ATM Marketplace

MARCH 15, 2023

Automated testing helps to identify and resolve issues faster and more efficiently, leading to improved user experience and increased customer satisfaction.

Payments 119

Payments User Experience Strategy How To 119

Commercial Lending USA

MARCH 15, 2023

fix and flip loans no money down have become popular with investors because they allow you to use someone else's money to fund your project. That's right.

How To 96

How To Lending 96

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Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

Technology

Payments Dive

MARCH 13, 2023

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

Payments 486

Payments 486

South State Correspondent

MARCH 13, 2023

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. There will be much more discussion and information written on this bank’s collapse, as well as the shutdown of Signature Bank and the story about Sterling Bank, and perhaps others in the weeks and months to follow.

Risk Management 221

Risk Management Community Bank Management FDIC 221

SWBC's LenderHub

MARCH 16, 2023

As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take pressure off the Fed to continue raising rates and the possibility of a soft landing improves. The longer inflation remains elevated, the more aggressively the Fed will have to act, likely triggering a recession.

Industry 145

Industry Lending 145

Payments Dive

MARCH 15, 2023

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

Cards 417

Cards Payments Conference 417

Perficient

MARCH 16, 2023

In our first blog in this series, Getting Started With Client Remediation (Part 1 of 3) , we discussed how to get a client remediation program started, what levels of the organization should be involved in client remediation programs, and how ultimately good things, such as lower risks, improved technology, and risk monitoring, may result from a successful client remediation program.

Analysis 267

Analysis Regulation Resources Innovation 267

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

Fraud

South State Correspondent

MARCH 15, 2023

It turns out that confidence is more valuable than capital. While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

FDIC 195

FDIC social media Security Capital 195

CFPB Monitor

MARCH 14, 2023

The Government Accountability Office (GAO) has issued a new report entitled “Financial Technology: Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed.” The report focuses on the following four types of fintech products: Digital deposit accounts offered by fintech companies through partnerships with banks or credit unions. .

Fintech 145

Fintech Report Lending Financial Technology 145

Payments Dive

MARCH 16, 2023

The central bank is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

Payments 396

Payments 396

ATM Marketplace

MARCH 17, 2023

In a world of increasing competition for customers with neobanks and major staffing challenges at the branch level, banks need to find ways to reduce costs. One method gaining popularity is cash recycling.

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118

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What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.

Lending

TheGuardian

MARCH 11, 2023

CEO Greg Becker personally led the bank’s half-million-dollar push to reduce scrutiny of his institution – and lawmakers obliged This story was first published in the Lever Eight years before the second-largest bank failure in American history occurred this week, the bank’s president personally pressed Congress to reduce scrutiny of his financial institution, citing the “low risk profile of our activities and business model”, according to federal records reviewed by the Lever.

Regulation 107

Regulation US 107

CFPB Monitor

MARCH 14, 2023

Move over, Tax Day! This year, April 15 falls on a Saturday so the IRS moved the tax filing deadline to April 18. What will you do with all that extra time? Don’t worry, Visa’s got you covered. Visa recently notified its business network that new rules for debt repayment are coming on April 15, 2023. .

Taxes 128

Taxes Cards 128

Payments Dive

MARCH 15, 2023

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

Payments 300

Payments Industry Company 300

ATM Marketplace

MARCH 14, 2023

The collapse of SVB and Signature Bank have raised questions about the economy, the banking system, cryptocurrency and how banks should respond.

cryptocurrency 121

cryptocurrency System 121

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Software

BankInovation

MARCH 14, 2023

As core legacy systems become inefficient, slow, and unable to keep up with present day customer expectations, more and more financial institutions are facing the same question: how do we modernize these systems without the high costs and long turnover time? The answer is fintech enablement.

Fintech 98

Fintech System 98

FICO

MARCH 14, 2023

Home Blog FICO Claims Automation for Health Plans: Transformation with a Small “t” By focusing on transformation with a small “t” that addresses measurable performance gaps, health plans and administrators can use claims automation to control costs and risk FICO Admin Tue, 07/02/2019 - 02:45 by Paul Crowder expand_less Back To Top Tue, 03/14/2023 - 14:15 Some time ago, I witnessed a plea for help in a global healthcare summit from a Director of Claims Management for assistance in automating thei

Fraud 98

Fraud Software Analytics Payments 98

Payments Dive

MARCH 16, 2023

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

Payments 284

Payments Fintech Industry 284

ATM Marketplace

MARCH 13, 2023

The self-serve kiosk industry pushed forward in a big way in 2022, as the recovery from the pandemic continued for the second straight year. A convergence of factors took hold: rising consumer acceptance of self service, a recovering supply chain, a growing labor shortage, improving technology, and the return of industry trade shows.

Report 102

Report Industry Technology 102

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Strategy

TheGuardian

MARCH 17, 2023

Complaint claims bank made ‘materially false and misleading statements’ in 2021 annual report Business live – latest updates How to understand Credit Suisse, SVB and fears of a new crisis US investors in Credit Suisse have hit the beleaguered Swiss bank with legal action, claiming that it overstated its prospects before this week’s shares crash. The lender suffered a rapid sell-off, with shares plunging on Wednesday by as much as 30% at one point after comments from Credit Suisse’s largest share

US 101

US National Report How To 101

CFPB Monitor

MARCH 17, 2023

The U.S. Chamber of Commerce’s recent publication of an 80-page report titled “ Mass Arbitration Shakedown: Coercing Unjustified Settlements ” has fanned the flames on an already heated debate between consumer advocates and industry lawyers over the propriety of mass arbitrations. We have addressed mass arbitration issues and potential defenses extensively in our prior blogs.

Report 78

Report Industry 78

Payments Dive

MARCH 17, 2023

As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

social media 221

social media Payments 221

William Mills

MARCH 17, 2023

I recently had the opportunity to attend Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. The event is the credit union industry’s premier event bringing together leaders from across the movement to rally around a united case – to tell policymakers how their lawmaking affects credit unions and their more than 130 million members.

Washington 77

Washington Conference National 77

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

Case Study