Sat.Jul 13, 2024 - Fri.Jul 19, 2024

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Usage-based pricing: Achieve growth with value-added payment services

Accenture

Interest rates and inflation are on everyone’s minds. Cost-conscious customers want to see value for their money and don’t want to pay for what they don’t use. Companies, in turn, are looking to better align their pricing with costs. Even as budgets tighten, they want to attract new customers, reduce churn and boost revenue. The… The post Usage-based pricing: Achieve growth with value-added payment services appeared first on Accenture Banking Blog.

Payments 195
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Top 5 Hard Money Construction Lenders

Commercial Lending USA

Do you need to start your construction project quickly? Lenders who come from the past can be slow and strict.

Lending 52
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How U.S. Bank climbed to the top in mobile app customer satisfaction

American Banker

In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.

Survey 91
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Mastercard update travelers on latest card precautions

Payments Dive

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

Cards 195
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How to Avoid Getting "Ghosted": Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

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Disused Lloyds office sites to be converted into social housing

TheGuardian

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s Lloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win. The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a decommissioned data and office sp

Groups 111
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CFO shuffle continues as Webster, Eastern name new finance chiefs

American Banker

Two Northeast banks will get new CFOs next month. Webster Financial hired Neal Holland, the former CFO of the failed First Republic Bank, and Eastern Bankshares hired David Rosato, who left Berkshire Hills Bancorp last month.

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Alacriti and Lumin Digital partner for real-time payments

The Paypers

US-based digital payments fintech Alacriti has integrated Orbipay money movement services into Lumin Digital ’s platform to offer instant A2A transfers and digital loan payments.

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Futures under stress: how did gilt futures behave in the LDI crisis?

BankUnderground

Joel Mundy and Matt Roberts-Sklar When markets are volatile, liquidity tends to worsen. This makes it harder to intermediate buyers and sellers. We saw this during the 2022 liability-driven investment (LDI) stress, when the UK government bond (gilt) market exhibited extreme volatility. This illiquidity was also evident in gilt futures, derivatives that support functioning in the cash gilt market.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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FedNow zooms past RTP participation in inaugural year

Payments Dive

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

System 416
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Liberty Bank embraces tech for 200th anniversary

ATM Marketplace

As it approaches its 200th anniversary, Liberty Bank is embracing major technological changes and investigating others.

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Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

TheGuardian

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a rebound in dealmaking. The Wall Street firm said it spent $4.2bn (£3.2bn) on compensation and benefits for its 45,300 staff in the three months to June, up almost a fifth from the same period last year.

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Stop letting credit unions buy community banks

American Banker

Congress needs to take immediate action to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street, writes Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America.

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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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Prepaid card spending accelerates

Payments Dive

The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

Cards 221
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Credit Card Tech: 5 Integrations You Need to Know!

BankBazaar

Here’s a sneak-peek into some technologies that are going to shake up the world of Credit Cards. Enhanced convenience, bolstered security, the advantages are endless… The question is, are you ready for the revolution? In the ever-evolving landscape of financial technology, C redit C ards are no longer mere pieces of plastic / metal. Sure, they have made payments easy and rewarding.

Cards 78
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HSBC’s new Mandarin-speaking CEO reveals British lender’s deepening Asia pivot

BankInovation

HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague that the abnormally cold room made him more productive.

Retail 66
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Alipay expands in Europe; Stripe's valuation bouncing back

American Banker

The Chinese technology giant is partnering with BNP Paribas to reach more merchants; Sequoia makes an investment offer that could boost confidence in Stripe; and more.

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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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BofA tackles digital payments pain points

Payments Dive

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

Payments 195
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From magic acts to Goldman Sachs and beyond: the US finance whiz helping kickstart UK growth

TheGuardian

Tracy Blackwell, boss of the Pension Insurance Corporation, has worked her way from up Baskin-Robbins and survived a shipwreck disaster (for her possessions), to lead a company set to work closely with the new chancellor Shortly before Christmas 1997, Tracy Blackwell found herself in New York with nothing but two suitcases and the sinking feeling that she would have to make another fresh start.

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Inside look: EverBank’s technology strategy

BankInovation

EverBank considers strong platforms and API-first integrations when selecting third-party vendors to modernize operations. “If we build good platforms that are API-first, we can plug in the best of the best [into the bank],” Lindsay Lawrence, executive vice president and chief operating officer, told Bank Automation News.

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FedNow's first year, and its impact on real-time payments

American Banker

The government-backed instant processing network has been live only since the summer of 2023, but it's already indirectly boosting usage at an unrelated bank-led rail from The Clearing House.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Discover to sell student loan portfolio to Carlyle, KKR in $10.8B deal

Payments Dive

The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

Capital 195
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SoftBank acquires Graphcore

The Paypers

Japan-based SoftBank has announced the acquisition of Graphcore , a UK-based artificial intelligence (AI) chipmaker, with the deal receiving full regulatory approval.

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Bank of America taps AI to keep clients happy

BankInovation

Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to AI. “AI has moved from cost savings ideas to enhancing the quality of our customer interactions,” Chief Executive Brian Moynihan said during today’s second-quarter earnings call.

America 66
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Zelle owner will testify at Senate Investigations hearing

American Banker

Early Warning Services CEO Cameron Fowler will join bank executives at an upcoming hearing in the Senate Permanent Subcommittee on Investigations to discuss fraud on the Zelle payments network.

Fraud 73
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The State of Automation in Financial Services 2024 Report

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