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Senator Warren urges Fed to reconsider Capital One deal for Discover

Bank Automation

The decision sounds like the Fed had predetermined it was going to approve the transaction and […] The post Senator Warren urges Fed to reconsider Capital One deal for Discover appeared first on Bank Automation News.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

Finzly’s Fedwire solution provides instant settlement, real-time visibility, and complete automation for Fedwire payments. Banks benefit from not only faster settlements, streamlined payments, and automation of key tasks, but also from the ability to seamlessly support multiple cores.

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ESG-Linked Payments in Transaction Banking

Finextra

Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. Better performance dynamically lowers costs, incentivizing continuous improvement. It expresses the views and opinions of the author.

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How GDP Trends Impact the Payments Industry

Clearly Payments

GDP fell by -2.2%, and credit card spending dropped by over 11%, according to Fed data. Digital invoicing and automated billing systems gained traction as companies looked to streamline collections. Certain industries contract faster than others, while consumers and businesses adjust their behaviors in response to tighter conditions.

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SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

It is also good to see so much investment in AI, digital ID verification, and technology to automate processes, as there is a lot of opportunity here for streamlining operations and identifying suspicion more effectively. Join The Payments Association to read the full article.

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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

Even regional and mid-sized banks have started deploying AI for automation and analytics. Automation of routine processes (like loan processing or compliance checks) is also significant (over half report using AI for automation). About 64% of U.S. finance leaders cite fraud and risk management as areas in which they use AI.

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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

” Balancing human oversight and automation Swapnil Shinde, CEO at Zeni For Swapnil Shinde , CEO at Zeni , an AI bookkeeping software backed by a dedicated finance team, organisations walk a fine line between over-utilising AI that lacks empathetic decisions and relying on humans where errors can be made.

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