TheGuardian

NOVEMBER 24, 2023

Consumers report problems on one of busiest shopping days of year, Black Friday Thousands of HSBC customers have reported that they have been unable to access its online and mobile banking services on one of the busiest online shopping days of the year as consumers swoop on Black Friday retail deals. More than 4,000 customers have reported that they have been unable to access their accounts via the HSBC app on Friday, according to Downdetector, which tracks and collates website outages and compl

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Online Retail Mobile Report 101

The Paypers

NOVEMBER 24, 2023

Germany-based Allianz has filed a lawsuit against Revolut for GBP 10.4 million, alleging that the neobank broke its obligations over a travel insurance deal.

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TheGuardian

NOVEMBER 24, 2023

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze More than 2,500 jobs are at risk at Lloyds Banking Group, which is poised to become the latest financial institution to announce cost cuts, the Guardian can reveal. Britain’s largest high street lender is understood to be considering axing a series of middle-management roles including analyst and product management posts as part of a consultation that is expected to be shar

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Groups Management 95

The Paypers

NOVEMBER 24, 2023

Cryptocurrency exchange company Bitvavo has received approval as a Digital Asset Service Provider from the French AMF , to expand its services in the market.

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cryptocurrency Marketing Company 41

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TheGuardian

NOVEMBER 24, 2023

Shake-up expected to affect mainly back office roles in departments such as compliance, HR and legal Barclays is reportedly working on plans to cut up to 2,000 jobs in a £1bn cost-cutting drive, weeks after the bank’s bosses warned of the need to restructure to boost profits and dividend payments to shareholders. The shake-up is expected to affect mainly back office jobs in departments such as compliance, human resources and legal, according to a source cited by Reuters.

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Maine Compliance Resources Report 69

TheGuardian

NOVEMBER 24, 2023

Shake-up will mean people can pay into more than one Isa of the same type, but experts say £20,000 limit should also rise Getting the best out of Isas should become easier for UK savers after the government announced a shake-up that will let them hop on to higher-paying accounts if they become available. The autumn statement documents revealed ministers are making a series of changes to “simplify” Isas.

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System 59

The Paypers

NOVEMBER 24, 2023

Lithuania-based regtech AMLYZE has entered a strategic partnership with Plumery aiming to improve the landscape of financial technology.

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Financial Technology Technology 45

American Banker

NOVEMBER 24, 2023

In Canada and the U.K., borrowers can take mortgages with them from home to home. Some say this feature could unlock the U.S. housing market, but others say it would be more trouble than it's worth.

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Marketing Policies Compliance Regulation 40

The Paypers

NOVEMBER 24, 2023

South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.

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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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The Financial Brand

NOVEMBER 24, 2023

This article How to Use AI to Remove Financial Friction for Persons with Disabilities appeared first on The Financial Brand. Many banks' digital offerings remain challenging or inaccessible to the disabled. How AI can help fix that. This article How to Use AI to Remove Financial Friction for Persons with Disabilities appeared first on The Financial Brand.

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How To Branding Customer Experience 35

The Paypers

NOVEMBER 24, 2023

Norway-based card manufacturer IDEX Biometrics has received an initial order for IDEX Pay from a partner in Asia who will deploy biometric metal payment card for its clients world-wide.

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Cards Security Payments 36

American Banker

NOVEMBER 24, 2023

A national interest rate cap of 36% would protect consumers from predatory practices that exploit their desperation and would level the playing field with responsible lenders who offer fair and transparent products.

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National Policies Cards Lending 28

The Paypers

NOVEMBER 24, 2023

Payments company Magnati has entered a collaboration with Sheikh Shakhbout Medical City (SSMC) to provide improved healthcare payment methods.

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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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The Paypers

NOVEMBER 24, 2023

Turkey-based BBVA ’s franchise has announced its strategic commitment to enhance customer accessibility by extending remote banking services to corporate clients.

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The Paypers

NOVEMBER 24, 2023

The European Banking Authority (EBA) has launched a public consultation to explore new Guidelines for the prevention of money laundering.

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Guidelines 41

The Paypers

NOVEMBER 24, 2023

Ireland-based unified payments platform NomuPay has announced its acquisition of the UK-based payment services provider Total Processing.

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Payments 41

The Paypers

NOVEMBER 24, 2023

US-based neobank iPeakoin has raised nearly USD 10 million in a Series A funding round led by China-based venture capital firm ZhenFund.

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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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The Paypers

NOVEMBER 24, 2023

AI-powered payments network and shopping assistant Klarna has been authorised by the FCA to provide credit services and regulated payments in the region of the UK.

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Regional Regulation Payments 36

The Paypers

NOVEMBER 24, 2023

The US Securities and Exchange Commission has charged crypto exchange Kraken with operating as an unregistered securities exchange.

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Operations Security US 41

The Paypers

NOVEMBER 24, 2023

Germany-based Allianz has filed a lawsuit against Revolut for GBP 10.4 million, alleging that the neobank broke its obligations over a travel insurance deal.

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The Paypers

NOVEMBER 24, 2023

Austria-based Raiffeisen Bank has announced that it will start rolling out cryptocurrency trading services to retail customers by the end of January 2024.

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cryptocurrency Retail 36

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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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The Paypers

NOVEMBER 24, 2023

The European Payments Council (EPC) has published the default remuneration model for the SEPA Payment Account Access scheme.

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Payments 41

The Paypers

NOVEMBER 24, 2023

Virgin Money announced its plan to buy back a further GBP 150 million of its shares in order to boost the development process of its overall business.

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The Paypers

NOVEMBER 24, 2023

Canada-based business banking provider Vault has launched its Transfer Approval feature to help business owners automate accounts payable (AP).

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The Paypers

NOVEMBER 24, 2023

Philippines-based UnionBank has introduced biometric verification through voice recognition to stem fraud.

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Fraud 41

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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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