Wed.Jun 16, 2021

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When should policymakers reach for the history books? Some examples from the 20th century

BankUnderground

Catherine R. Schenk. In partnership with the Data Analytics for Finance and Macro Research Centre at King’s Business School and the Qatar Centre for Global Banking and Finance at King’s Business School, the Bank of England organised a ‘ History and Policy Making Conference ‘ in late 2020. This post contributes to our occasional series of guest posts by external researchers who presented their research at this conference.

Examples 128
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How to Turn Customer Feedback From Headache To Hero

ATM Marketplace

Go beyond surveys to build a modern CX strategy. Stratifyd for CX and Voice of the Customer is designed for the business you have today and the changes of tomorrow. With so much changing, don’t get caught flat-footed thanks to legacy technology and static dashboards that don’t grow along with you. Read this eBook to learn more.

eBook 102
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Bank of America uses AI to predict business volatility, acquisitions

BankInovation

Bank of America is using artificial intelligence (AI) to reliably predict which companies are likely to be acquired close to a year in advance — just one way the $2.2 trillion bank is employing AI in its trading business. At a North America Fintech Connect virtual conference today, Rajesh Krishnamachari, global head of data science […].

America 98
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Banks Seek Outside Help on CECL Amid Economic Recovery

Banking Exchange

Mississippi-headquartered BancorpSouth Bank has joined the growing number of banks calling on external consultancies to assist with its handing of current expected credit loss (CECL) rules Compliance The Economy Feature Risk Management Feature3.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Broadridge’s new blockchain-based repo trading platform averages $31B a day

BankInovation

Fintech Broadridge rolled out its repurchase agreement (repo) market trading platform this week and has already handled an average of $31 billion per day in transactions since its Monday launch. Using distributed ledger technology (DLT) to build mutual provenance for collateral in the repo market, the New York City-based Broadridge is looking to capture market […].

More Trending

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Take part in the Bank Automation News reader survey

BankInovation

Bank Automation News would like to know what our readers think about bots. The hype around robotic process automation (RPA) ownership may be headed for a dip due to the cost of the technology and a proliferation of new add-ons. The IT research firm Gartner calls such a dip the “trough of disillusionment” that typically […].

Survey 83
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Cross River Bank Launches Venture Capital Business

Banking Exchange

Formation of Cross River Digital Ventures signals step up in banking sector innovation Community Banking Feature3 Feature Management M&A PPP.

Capital 78
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Vita Lansworth delivers best-in-class CIMA Teller Cash Recyclers to Commonwealth of the Bahamas

ATM Marketplace

Vita Lansworth, an entity of Lansworth Enterprise Solutions, has entered into partnership to distribute CIMA Teller Cash Recyclers to the Commonwealth of the Bahamas.

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Dutch Payment Platform Ayden Granted US Branch License

Banking Exchange

OCC approves Adyen’s application to establish a federal foreign branch in California Payments Feature3 Feature.

US 78
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The State of Automation in Financial Services 2024 Report

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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BBVA Mexico launches new line of biometric payment cards

The Paypers

BBVA Mexico has announced the launch of a new line of biometric credit and debit cards.

Cards 83
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Startup launches digital-first expense management Mastercard

American Banker

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OCR Labs gets EUR 12.5 mln to launch its ID verification solution in the UK and Turkey

The Paypers

OCR Labs has announced a EUR 12.5 million Series A round led by Turkish investors the Oyak Group, to expand its services and team to the UK and Turkish markets.

Groups 65
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An industry transformed: Payments after the pandemic

American Banker

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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DHL Parcel invests profit in expansion and sustainability

The Paypers

DHL Parcel has announced investments of EUR 350 million until 2024, which will be used for two new central sorting centers and the construction of 26 new CityHubs in the Netherlands.

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Why so many banks are getting dropped from the Russell 3000

American Banker

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ETL partners with Billie

The Paypers

Germany-based tax consulting company ETL Group has announced cooperating with the B2B payments fintech Billie for the pre-financing of B2B invoices.

Taxes 48
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6 Keys to Digital Banking Transformation Success

The Financial Brand

The key to digital banking survival will be the ability to transform to a new digital reality with a foundation of data and analytics. The post 6 Keys to Digital Banking Transformation Success appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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Equivo invests in the LexisNexis legal workflow and case management solution Visualfiles

The Paypers

Equivo , the newly launched recoveries business of the UK-based law firm Shoosmiths has invested in the legal workflow and case management solution LexisNexis Visualfiles.

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Gen Z Craves Good Tech From Banks+Credit Unions, Not Neobanks

The Financial Brand

The industry assumes Gen Z will only be attracted to fintechs, but they still have a soft spot for traditional banking providers. The post Gen Z Craves Good Tech From Banks+Credit Unions, Not Neobanks appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Shufti Pro rolls out website in Chinese for document authentication services in China

The Paypers

Global ID verification service provider Shufti Pro has launched a Chinese website to meet the demand for its online ID verification and document authentication services in China.

Meeting 39
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CFPB restarts Military Lending Act exams

American Banker

Lending 81
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Digital money transfer operator Azimo offers free remittances

The Paypers

Azimo , the UK-based digital money transfer service, has announced offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances.

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Ransomware group attacks a New Jersey bank — then shuts down

American Banker

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Stackline raises USD 130 mln

The Paypers

US-based ecommerce technology provider Stackline has announced that it has raised USD 130 million in funding from private equity firm TA Associates.

US 39
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Bankers upbeat on loan prospects even as headwinds persist

American Banker

Lending 78
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.