Payments Dive

APRIL 22, 2024

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

Fintech 284

Fintech System Payments 284

South State Correspondent

APRIL 23, 2024

The “Three-Body Problem,” currently made popular by our new favorite author, Cixin Liu, is the concept of instability when three similar-sized celestial objects interact. The problem is currently unsolvable. Banking has a similar physics problem when management juggles strategy, risk/profitability, and customer behavior. This article will discuss the challenge of managing three potentially opposing forces and look towards physics to help us solve the mystery.

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Payments Dive

APRIL 17, 2024

Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

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Cards Industry 403

Jack Henry

APRIL 18, 2024

Diversity, equity, inclusion, and belonging (DEIB) are more than just buzzwords ; they are essential components of a successful and sustainable business. As we celebrate National Diversity Awareness Month, I want to talk about the positive impact leaders can have on DEIB within their organizations.

Strategy 158

Strategy National Digital Banking Innovation 158

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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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ATM Marketplace

APRIL 19, 2024

Omnichannel experiences are driving behaviors that motivate, inspire, and stir emotions that prompt action in bank branches. Digital signage has emerged as an essential component of these experiences.

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Trends 123

Payments Dive

APRIL 16, 2024

As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?

Payments 370

Payments 370

South State Correspondent

APRIL 22, 2024

In a few short months, stronger economic data (higher GDP, stronger job market, and stubborn inflation) changed the market’s and the Fed’s view on the future path of interest rates. The market and the Fed are now aligning on only one rate cut in 2024 – obviously this will change over the course of the year as the economic data evolves. The market, and most economists, often get interest rate predictions wrong.

Marketing 195

Marketing St. Louis Analysis Study 195

Jack Henry

APRIL 22, 2024

The Magic 8 Ball might be the easiest fortune-telling device available. You simply ask it a question, shake it, then read its response through the little window.

Technology 88

Technology Digital Banking Strategy Lending 88

American Banker

APRIL 19, 2024

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.

Regional 96

Regional Washington System Policies 96

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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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ABA Community Banking

APRIL 17, 2024

How organizations can support the advancement of women to the highest levels The post Making way for women leaders appeared first on ABA Banking Journal.

Resources 98

Resources Community Bank Community 98

Payments Dive

APRIL 16, 2024

The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.

Technology 397

Technology 397

BankBazaar

APRIL 23, 2024

Let’s face it, talking about money isn’t always sunshine and rainbows. We all dream of financial freedom, but the road there can be paved with some pretty epic stumbles. From the infamous “bottomless cocktail brunch” every Sunday that mysteriously drained your savings account to the “surely-I’ll-win-the-lottery” mentality, personal finance fails are a universal experience.

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BankInovation

APRIL 22, 2024

Truist Bank expects to continue investing in technology to save money as it restructures. “We continue to see improvements in productivity due to investments in technology,” Chief Executive William Rogers said today during Truist’s first-quarter earnings call.

Technology 71

Technology Digital Banking Retail 71

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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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American Banker

APRIL 21, 2024

As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to dealmaking are still there and have been joined by new ones.

Community Bank 82

Community Bank Community Lending 82

TheGuardian

APRIL 18, 2024

Tentative offer follows four months of talks and could create new banking group with almost 5m customers Coventry Building Society has tentatively offered £780m to buy the Co-operative Bank from its hedge fund owners, in what could be the latest in a string of takeovers among UK lenders. The offer follows nearly four months of exclusive talks between the two lenders, which began in December.

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Operations Groups 66

Bussman Advisory

APRIL 20, 2024

The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post Microsoft invests $1.5 billion in AI firm G42 | Software giant Salesforce in advanced talks to buy Informatica | Revolut valuation raised 45% by investor appeared first on Bussmann Advisory AG.

Software 52

Software Fintech blockchain Payments 52

BankInovation

APRIL 19, 2024

Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation throughout its operations. “Expenses are well controlled … driven by savings realized through process automation and our focus on value streams,” Chief Executive Tim Spence said during the bank’s first-quarter earnings today.

Operations 69

Operations Report 69

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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.

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American Banker

APRIL 18, 2024

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

Dallas 92

Dallas Texas Capital Report 92

TheGuardian

APRIL 22, 2024

The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says Maria Finnerty of Cafod The Guardian is right to identify the global sovereign debt crisis as one of the most critical impediments to sustainable development today ( Editorial,16 April ). Debt relief is urgently needed, but we must also learn the lessons of history.

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Meeting Tools Strategy National 48

Payments Dive

APRIL 19, 2024

Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year.

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PopularBank

APRIL 18, 2024

Defrauding others of their financial assets remains a common thread throughout history, from snake oil salespeople to modern-day digital fraudsters. Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year.

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Fraud social media Cards Security 52

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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.

Marketing

BankInovation

APRIL 18, 2024

KeyBank is using robotic process automation to boost efficiency without hiring more people. The $189 billion bank has about 300 processes automated through (RPA), Michael Reynolds, business technology executive for service digitization, said last month at Bank Automation Summit 2024 in Nashville, Tenn. “Translate that into people.

Nashville 71

Nashville Technology 71

American Banker

APRIL 22, 2024

With financial crime surging worldwide, it is critical that the public and private sectors align on a shared vision to collectively focus on combating bad actors and to eliminate their ability to launder the proceeds of criminal activity.

Regulation 75

Regulation Compliance 75

ABA Community Banking

APRIL 18, 2024

According to newly released Gallup figures, just 30 percent of American workers are engaged in their work. The rest are described as disengaged, with 17 percent actively disengaged, "which means they are literally trying to sabotage the organization," notes Neil Stevens. The post Podcast: How a Georgia community bank engaged employees at 3X the national rate appeared first on ABA Banking Journal.

Georgia 52

Georgia Community Bank National Community 52

Payments Dive

APRIL 22, 2024

The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.

Industry 195

Industry Video Report Company 195

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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.

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