Sun.Sep 19, 2021

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Shares in China’s Evergrande plunge again as fears of contagion grow

TheGuardian

Hong Kong stock fell almost 17% amid default fears that are beginning to have a knock-on effect on other markets Shares in the embattled Chinese property company Evergrande have plunged 17% as investors weigh up whether the group’s massive debt problems could trigger a broader sell off across all financial markets. Evergrande plunged to its lowest market value ever in Hong Kong on Monday, dragging the Hang Seng index down to its lowest point for nearly a year.

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Core Providers Not Seen as Viable Open Banking Partners

The Financial Brand

The development of open banking solutions by banks and credit unions requires significant support beyond existing third-party partnerships. The post Core Providers Not Seen as Viable Open Banking Partners appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Banks call IRS reporting plan a compliance and privacy nightmare. Is it?

American Banker

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4 Technology Forces Could Bulldoze Banks Off the Map

The Financial Brand

Moody's report forecasts cloudy days ahead for traditional financial institutions, with potential economic storms in the offing. The post 4 Technology Forces Could Bulldoze Banks Off the Map appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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4 Practical Ways to Create Lasting Innovation in Banking

The Financial Brand

Few in banking would deny the importance of innovation. Yet many institutions fail to make changes that produce results. Here's why. The post 4 Practical Ways to Create Lasting Innovation in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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4 Tech-Driven Forces Could Bulldoze Banks Off the Map

The Financial Brand

Moody's report forecasts cloudy days ahead for traditional financial institutions, with potential economic storms in the offing. The post 4 Tech-Driven Forces Could Bulldoze Banks Off the Map appeared first on The Financial Brand - Banking Trends, Analysis & Insights.