Sat.Jan 18, 2025 - Fri.Jan 24, 2025

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AI promises 2025 advances for payments industry

Payments Dive

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.

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Top 5 Digital Trends for Insurance in 2025 – P&C, Life, Annuities, Reinsurance

Perficient

The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge. Insurance Trend #1: Building Business Resilience Underwriting actions in response to increased claim frequency and severity are expected to stabilize combined ratios across most property and casualty insurance lines i

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5 Ways suspicious activity monitoring services can bring staff relief

Abrigo

Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.

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Pulaski Savings Bank closed in Chicago

ABA Community Banking

Illinois regulators closed Pulaski Savings Bank of Chicago and appointed the FDIC as receiver. Millennium Bank of Des Plaines, Illinois, agreed to assume all deposits and most of its assets. The post Pulaski Savings Bank closed in Chicago appeared first on ABA Banking Journal.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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FIS entangled in Capital One outage over days

Payments Dive

Fidelity National Information Services blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

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More Trending

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Key swings to quarterly loss on securities repositioning

American Banker

The Cleveland parent company of Key Bank reported a net loss of $279 million for the fourth quarter, reflecting a one-time charge of $657 million from the sale of bonds.

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Visa launches Apple Pay in Egypt, improving digital payments

The Paypers

Visa has introduced Apple Pay to its customers in Egypt, marking a step forward in providing secure and convenient payment solutions tailored to the growing demand for digital-first services in the region.

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Guilford Savings to acquire Eastern Connecticut Savings Bank

ABA Community Banking

Guilford Savings Bank in Guilford, Connecticut, has applied with regulators to acquire Eastern Connecticut Savings Bank in Norwich. The post Guilford Savings to acquire Eastern Connecticut Savings Bank appeared first on ABA Banking Journal.

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Reeves bids to intervene in car finance case that could cut lenders’ £30bn bill

TheGuardian

Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm Business live latest updates The chancellor, Rachel Reeves, has launched a rare bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the 30bn-plus compensation bill lenders currently face. Shares in Lloyds and Close Brothers, two of the biggest providers of motor finance, surged on Tuesday after the Treasury submitted an application to th

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Maintaining safe and secure digital payments requires all hands on deck

American Banker

Industry players, regulators and law enforcement will need to work together in 2025 to ensure that as Americans increasingly rely on digital payments, the fraudsters trying to take advantage of them are kept at bay.

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1Money announces USD 20 million funding for stablecoin payments

The Paypers

1Money has officially launched from stealth mode, unveiling USD 20 million in seed funding to develop its Layer 1 blockchain network designed for stablecoin payments.

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ABA Banking Journal’s annual compilation of challenges for a new year

ABA Community Banking

Investigating what is ahead for banks across multiple topics. The post ABA Banking Journals annual compilation of challenges for a new year appeared first on ABA Banking Journal.

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All my accounts were shut down when TSB labelled me a ‘fraudster’ instead of the victim

TheGuardian

Credit checks revealed fraud markers against my name, placed by the bank, even though I had never been a customer I have been very badly treated by TSB, even though I have never been a customer. It mistakenly placed three fraud markers against my name, which prompted my bank, Santander, to close all five of the accounts I held with it. This has caused significant financial problems since direct debits and standing orders failed, and I was unable to start a planned house extension.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Unsecured database exposes 240k records of Willow customers

American Banker

A security researcher found a database exposing names, addresses, and bills apparently belonging to Willow Pay, a fintech for short-term financing on bills.

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European central banks to advance instant payments between currencies

The Paypers

The ECB , together with the Riksbank and Danmarks Nationalbank , have been focusing on an initiative that facilitates instant payments between currencies.

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CFPB to consider broader ban on declined payment fees

Payments Dive

The Consumer Financial Protection Bureau withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive approach” faces an uncertain future in the Trump administration.

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‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

TheGuardian

Having left the library behind, the once budding academic talks about building JP Morgans UK digital lender from scratch It all started in spring 2019, in a secret office on the seventh floor of JP Morgans London headquarters in Canary Wharf. Tucked behind the bustling staff canteen, at the end of a corridor that snaked past the office gym and in-house doctor, future Chase UK chief executive Kuba Fast was digesting the task ahead of him: helping build a new digital bank from scratch for the Wa

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Acquisitive Old National eyes growth in Midwest, Southeast

American Banker

The Indiana-based company grew fourth-quarter loans and profits in part because of an acquisition in Nashville, and it expects to bulk up further with a deal in Minnesota's Twin Cities that was among the largest announced in 2024.

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Commonwealth Bank calls for ban on card payment surcharges

The Paypers

Commonwealth Bank has urged the Reserve Bank of Australia (RBA) to prohibit all surcharges applied to debit and credit card payments.

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PSR updates its strategy to scale competition and growth

The Paypers

The UK's Payment System Regulator (PSR) has announced its commitments for the next two years, planning to focus on scaling competition and innovation.

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The Federal Home Loan banks should be preserved as a liquidity source

American Banker

Some reforms to the system might be necessary, but it would be unwise to eliminate a critical source of funding for banks across the country.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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iCapital acquires Parallel Markets to improve investment onboarding

The Paypers

Global fintech iCapital has acquired Parallel Markets , a business that specialises in reusable financial identification solutions.

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Revolut launches credit card instalment plans

The Paypers

Revolut has announced plans to introduce an instalment payment option for its credit card users, enabling cardholders to repay purchases in fixed instalments.

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M-PESA partners Awash to improve insurance payments in Ethiopia

The Paypers

Safaricom ’s global solution M-PESA has partnered with Awash Insurance to improve insurance payments and create financial inclusion and customer convenience in Ethiopia.

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Revolut launches In-App calls to support customers in revealing phone call scams

The Paypers

Revolut , the global financial super app, has announced the launch of In-App calls to personal customers, enabling users to expose impersonation scams.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.