October, 2023

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Shift4 acquires SpotOn unit for $100M

Payments Dive

With the purchase of SpotOn’s sports and entertainment business unit, Shift4 scoops up its rival’s customers in that market.

Marketing 443
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LOS Administrators: Champions of Change for Digital Adoption

Jack Henry

A loan administrator’s job is crucial ‒ and hectic. They deal with customer complaints, delinquent loan payments, and other financial headaches and deadlines on a daily basis. But they also get to work closely with applicants, helping them identify and reach their goals. It’s stressful, no doubt, but rewarding.

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Alan Kaplinsky authors American Banker article on CFPB v. CFSA

CFPB Monitor

Tomorrow, the U.S. Supreme Court will hear oral argument in CFPB v. CFSA , in which the question presented is whether the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution. In an article requested by and published today in American Banker’s BankThink , Alan Kaplinsky, Senior Counsel (and former practice group leader) in Ballard Spahr’s Consumer Financial Services Group, argues that the Supreme Court should rule that the CFPB’s funding mechanism is unconstitutio

Groups 88
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On the record with Gen-Z: A report on key loyalty drivers and buying preferences

ATM Marketplace

Gen-Z is the new frontier of the consumer landscape and this study and associated reporting was created in order to help brands proactively prepare for a wave of changing buying preferences.

Report 94
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Managing Default Rates: A Balancing Act in a Multistate Lending Environment

Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.

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Unraveling the Mysteries of Complex Investment Terms – A Guide for Real People

Ublocal

At Union Bank, we think making investing accessible to everyone, regardless of your background or experience. That’s why we’re excited to launch our next generation investment management app! This easy-to-use app makes managing your investments simple, approachable and enjoyable. In fact, you can start investing with as little as 10 dollars and it only takes about 4 minutes to get set up, right from your phone, tablet, laptop or PC.

Taxes 94

More Trending

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Discover, FDIC reach consent agreement

Payments Dive

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

FDIC 259
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Avoid Imposter Scams

Jack Henry

The Federal Trade Commission (FTC) received reports on over 5.2 million cases of fraud in 2022, with imposter scams accounting for 20% of the total losses incurred – a whopping $2.7 billion in losses reported for this scam alone. Imposter scams generally start with an unsolicited phone call, email, text or social media message from someone impersonating people or organizations you would ordinarily trust.

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SCOTUS to Determine When Clock Starts under APA’s Statute of Limitations

CFPB Monitor

Last Friday, the U.S. Supreme Court agreed to decide when a right of action first accrues for an Administrative Procedure Act (APA) challenge to a final rule issued by a federal agency—when the final rule is issued or when the rule first causes injury. In April 2021, the North Dakota Retail Association, North Dakota Petroleum Marketers Association and Corner Post, Inc.

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Why Visa is investing in artificial intelligence startups

American Banker

The payments company launched a $100 million fund for generative AI, creating a potential group of partners that can build on the card network's global scale.

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The ROI of Business Lending Platforms

Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

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FinovateFall 2023: A Glimpse into the Future of Fintech

William Mills

Earlier this month, we had the opportunity to travel to New York City to attend FinovateFall2023. Alongside 2,000+ attendees, 1,000+ financial institutions and 70 emerging technologies coming from both startups and established firms.

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How to browse with Bing after the ChatGPT internet access

Dataconomy

OpenAI is looking to start a new era with the new ChatGPT internet access feature. Today, we will show you how to browse with Bing using the new feature! OpenAI has unlocked a new dimension of potential for ChatGPT , the versatile chatbot that has been assisting users with a wide array of tasks. While ChatGPT has been a go-to tool for writing, coding, research, and vacation planning, it has had one glaring limitation – its inability to access real-time internet information.

How To 78
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States split over gun merchant category code

Payments Dive

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

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Fed looks to fintechs to drive FedNow adoption

BankInovation

The Federal Reserve is looking to fintechs to drive the adoption of FedNow across financial institutions. With FedNow aiming to reach ubiquity in the United States, “we don’t really want that to take 20 years to do,” Mark Gould, chief payments executive for Federal Reserve Financial Services, said last month at Sibos 2023 in Toronto.

Fintech 69
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How to Stay Competitive in the Evolving State of Martech

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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CFPB Releases 2022 Mortgage Market Activity and Trends Report

CFPB Monitor

The CFPB recently released a report entitled Data Point: 2022 Mortgage Market Activity and Trends based on 2022 data reported by lenders under the Home Mortgage Disclosure Act (HMDA). The CFPB addresses various 2022 lending results, with many results reflecting changes from 2021 to 2022 based on increases in mortgage interest rates and other economic factors.

Trends 78
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RBB Bancorp, Gateway Bank in Bay Area call off merger

American Banker

The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.

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Six ways to combat financial illiteracy

ABA Community Banking

Educating consumers about financial literacy is rarely a one-time action. It requires regular and continuous engagement. The post Six ways to combat financial illiteracy appeared first on ABA Banking Journal.

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AI girlfriends are reshaping our notions of modern relationships

Dataconomy

AI girlfriends are not just a futuristic fad but a concerning remedy to a growing dilemma: pervasive loneliness among young men. These virtual companions provide what seems to be an antidote to isolation. These AI entities are tailored to every whim and preference of the user, adapting in real-time to provide the “ideal” interaction. Fancy a girlfriend who’s “smart, assertive, and compassionate”?

Tools 73
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Value-Driven AI: Applying Lessons Learned from Predictive AI to Generative

Speaker: Data Robot

Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.

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What the CFPB’s open banking push means for financial institutions

Payments Dive

“The narrative often centers around consumer empowerment, but let’s not overlook the advantages it holds” for financial institutions, writes an executive at financial connectivity company Atomic.

Company 221
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JPMorgan’s Dimon predicts 3.5-Day work week for next generation thanks to AI

BankInovation

Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to make dramatic improvements in workers’ quality of life, even if it eliminates some jobs.

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Special-Use Commercial Mortgage Loans

Commercial Lending USA

Special-Use Commercial Mortgage Loans

Lending 98
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Northeast Credit Union adds leasing option to fight rising auto prices

American Banker

With multiple economic factors driving up the costs of owning a vehicle, the $1.9 billion-asset institution in New Hampshire is partnering with Credit Union Leasing of America to make car ownership more affordable for members.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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How to fight back against ATM fraud

ATM Marketplace

ATM fraud via skimming and other techniques is on the rise. How can operators fight back?

ATM 62
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Beneath the bargains: Investigating Temu data harvesting allegations

Dataconomy

Explore Temu Temu data harvesting allegations: Low-cost shopping app raising data privacy concerns. Keep reading and uncover the truth behind the bargains. In the ever-expanding universe of online shopping, a bright orange logo has caught the eye of millions in the United Kingdom, promising unbelievable deals and delivering products straight from Chinese factories.

Data 74
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Payments bill defies congressional rancor

Payments Dive

A bill important to the payments industry has attracted bipartisan support despite the political divide on Capitol Hill.

Payments 259
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Ally Financial starts job cuts with less than 5% of staff affected

BankInovation

Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the company’s overall headcount. The Detroit-based firm said the job cuts will occur across divisions and aren’t isolated to a single line of business, spokesperson Peter Gilchrist told Bloomberg News in an email.

Detroit 64
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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.