Новости за 18.11.2024

Artificial intelligence poets are stealing the spotlight, with new research showing their verses outshine human-crafted ones in consumer appeal and often fool readers into thinking real poets pen them. The new finding in Scientific Reports could signal a market shift for creative commerce industries, where AI’s ability to produce accessible, crowd-pleasing content collides with premium […]

The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly at smaller financial institutions (FIs) — bear watching. To that end, the central bank noted in its semiannual Supervision and Regulation Report released this month that credit card loans, auto […]

Instacart has introduced “Express Lane,” a holiday-themed perk for Instacart+ members. Announced Monday (Nov. 18), Express Lane gives members zero-dollar delivery minimums on grocery and retail orders of $10, what the company says is the lowest cart minimum for $0 delivery in the industry. “This offering comes at a time when many consumers have last-minute needs […]

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Previously scheduled to end Dec. 2, the comment period now runs through Jan. 16, the FDIC said in a Monday (Nov. 18) press release. “The FDIC has determined that an extension of the […]

Global FinTech Revolut plans to offer its customers in the United Kingdom new trading products and features after receiving a U.K. trading license from the Financial Conduct Authority (FCA). The receipt of this license makes Revolut Trading an authorized investment firm, allowing it to improve the user experience and introduce U.K. and European Union stocks […]

Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. 18). As part of the EPC’s One-Leg Out (OCT Inst) program, banks can tap into Iberpay’s service, instant payment technology, standards and processing capabilities allow […]

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division. Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter. These interviews — part of new CEO Georges Elhedery’s push for greater efficiency — have essentially pitted senior staff […]

Big banks and private finance groups are both chasing the artificial intelligence (AI) craze. But for at least one of those Wall Street banking giants — Morgan Stanley — there’s plenty to go around, Bloomberg News reported Sunday (Nov. 17). That report tells the story of a recent dinner hosted by Morgan Stanley bankers, and […]

How many potential borrowers are lost to cumbersome loan processes and slow disbursements? Today’s consumers expect the speed and convenience they find in other digital services — but traditional loan processes often fall short. According to the latest “Money Mobility Tracker®,” 73% of borrowers are willing to pay extra for instant loan access. This willingness […]

Cross-border trade is a huge business, totaling roughly $190 trillion in 2023. Sourcing goods and services globally and establishing supply chains that transcend borders have become part of the corporate DNA. However, navigating the complexities of cross-border payments remains a challenge as businesses grapple with fluctuating exchange rates, lack of transparency and high costs tied […]

It’s hard to believe it was more than 20 years ago. Feb. 4, 2004. George W. Bush was president. The Lord of the Rings ruled the movie box office. “Hey Ya!” ruled the top 40. And in Cambridge a sophomore named Mark Zuckerberg registered the URL for TheFacebook.com. You know the rest. And so do David […]

“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions —  complexity in the back office, and in member-facing interactions, the status quo is no longer acceptable. The constant flow of interactions between consumers, businesses and CUs demands a seamless and friction-free experience — […]

A solid fraud prevention strategy includes reducing false positives and ensuring an improved customer experience, Featurespace founder Dave Excell writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”   At Featurespace, our unwavering mission to make the world a safer place to transact has been […]

FinTechs are pursuing modernization to stay competitive, focusing on mobile capabilities and enhancing user experience. According to a PYMNTS Intelligence report, “The FinTech Innovation Agenda,” a collaboration with Velera, nearly two-thirds of FinTechs are prioritizing mobile feature expansion in the next three years, while refining internal testing and addressing regulatory challenges. The report examines how […]

CFOs’ and treasurers’ offices are among the most difficult stops on the digital roadmap in finance and yet are part of the corporate C-suite that oversees the most critical function: day-to-day cash flow management. For forward-thinking corporates — and the financial institutions serving them — using new and modern working capital solutions can be the […]

As digital scams continue to evolve, QR codes have emerged as a new gateway for cybercrime, often leading unsuspecting victims into dangerous traps. Known as “quishing,” these scams involve fraudsters tricking individuals into scanning fake QR codes, which then redirect them to fraudulent websites or malicious applications designed to steal sensitive information. In an interview […]

The restaurant industry is reportedly eager to move beyond a difficult 2024. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to be a great year,” Kate Jaspon, chief financial officer of Dunkin’ parent Inspire Brands, said at the Restaurant Finance and Development […]

T-Mobile was reportedly hacked in a recent cyberespionage attack on American and international telecommunications companies. Hackers with ties to a Chinese intelligence agency were able to get into the T-Mobile network as part of monthslong effort to spy on the cellular communications of high-value intelligence targets, The Wall Street Journal (WSJ) reported Friday (Nov. 15), […]

Expect the U.S. government to scale back enforcement of the cryptocurrency sector under the new administration. That was the message Friday (Nov. 15) from current and former senior government attorneys at a conference in New York hosted by the Practicing Law Institute, per a report by Reuters. According to the report, those lawyers said that […]