Fri.Sep 10, 2021

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

September 11, 2001 will stay with Americans forever. This day was a pivotal point for all Americans, especially BSA officers and FinCrime professionals. Would you like other articles like this in your inbox? Takeaway 1 The terrorist attacks of September 11 were a pivotal point in the BSA, and the world. Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States.

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Big week for buy now, pay later

BankInovation

Buy Now Pay Later (BNPL) companies continue to attract buyers and investors alike as this week saw neobank Revolut announce it would work on a BNPL product, and PayPal bought Japanese BNPL provider Paidy for $2.7 billion. Meanwhile, in fintech funding, European BNPL technology provider Scalapay revealed a closed funding round that raised $155 million, […].

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Webinar tackles non-traditional branch strategies

ATM Marketplace

How do banks keep up with changing customer expectations and a tougher landscape? A webinar hosted on ATM Marketplace and sponsored by NCR Corp. entitled "Non-traditional branches: A new approach for a changing world" addressed how non-traditional branches can make a big impact.

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Mastercard buys European open banking platform Aiia

BankInovation

Mastercard went on a buying spree this week with its acquisitions of Aiia, a European open banking platform, and CipherTrace, a cryptocurrency intelligence company. The credit card company did not disclose the details of either deal. Mastercard announced its plan to expand its open banking capabilities with the acquisition of Aiia, which offers a direct […].

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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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NatWest gives RBS the full makeover including carpets, couches and cafes

TheGuardian

Revamped interiors and flexible working plan at City HQ look to usher in new dawn for thousands of returning staff It was a lingering reminder of Royal Bank of Scotland’s former boss Fred Goodwin: the blue and yellow carpets that were allegedly handpicked by the disgraced banker, who was blamed for the bank’s near-collapse more than a decade ago and was subsequently stripped of his knighthood.

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Lloyds offers £100 to tempt new customers to paid-for current accounts

TheGuardian

Qualifying accounts are £3-a-month Club Lloyds or Club Lloyds Platinum, costing £21 a month but with benefits Lloyds Bank is offering new customers £100 in an attempt to persuade them to switch to its Club Lloyds current account. To receive the money, customers have to use the official current account switching service and move to one of the bank’s two paid-for accounts: the Club Lloyds current account, which costs £3 a month, or the Club Lloyds Platinum account, which charges £21 a month but co

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Central Bank of Brazil releases minimum scope of data for Phase 4 of Open Banking

The Paypers

The Central Bank of Brazil has released the minimum scope of data for Phase 4 of Open Banking, to be detailed by the Open Banking governance structure, according to the official press release.

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Mastercard buys European open banking platform Aiia

BankInovation

Mastercard went on a buying spree this week with its acquisitions of Aiia, a European open banking platform, and CipherTrace, a cryptocurrency intelligence company. The credit card company did not disclose the details of either deal. Mastercard announced its plan to expand its open banking capabilities with the acquisition of Aiia, which offers a direct […].

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Ohio State Bank Adds Limited-Time 18-Month CD Special

BankDeals

Ohio State Bank (Columbus area) has added a new limited-time 18-month CD Special to its product line. Minimum deposit is $500. Also available as an IRA CD Special.

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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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Amazon plans to roll out point-of-sale solution

The Paypers

Amazon has started working on a point-of-sale (POS) offering aimed at non-Amazon sellers that’ll have integrations with Amazon-branded services, according to documents reviewed by Insider.

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Community Bank (TN) Rewards Checking Offers Competitive Rate

BankDeals

Community Bank (TN) offers its competitive rewards checking account, Community Advantage Checking, on a nationwide basis through online application.

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French government to let citizens scan NFC eID cards for online services

The Paypers

The French Government has announced citizens will be able to verify their identity when accessing secure online services by scanning their updated Carte Nationale d’Identité Électronique (CNIE) eID card with their NFC-enabled smartphone.

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With loyalty app, Walgreens has the look of a neobank

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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SIX Digital Exchange gets regulatory approval from FINMA

The Paypers

SIX Digital Exchange (SDX) has formally received green-light from FINMA to operate a stock exchange and a central securities depository for digital assets in Switzerland.

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Credit unions step up efforts to hire people of color

American Banker

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Uplifts deepens its partnership with KAYAK

The Paypers

Uplift and KAYAK have deepened their partnership to provide travellers with payment flexibility when booking travels on KAYAK.

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Mastercard to buy crypto security firm CipherTrace

American Banker

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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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PaymentComponents, Adastra to offer Open Banking in North America

The Paypers

UK-based PaymentComponents and Adastra have entered a strategic alliance to offer Open Banking and payments capabilities in Canada and the USA.

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Arkansas bank tries to put most popular features of branches in an app

American Banker

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Alternative Airlines partners with Afterpay to bring flexible spending to travellers

The Paypers

UK-based OTA Alternative Airlines has partnered with BNPL provider Afterpay to make it easier for their US customers to use flexible spending when booking a plane ticket.

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Truist’s Kelly King reflects on a half-century in banking

American Banker

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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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Ukraine recognises crypto and passes legislation to regulate it

The Paypers

The Ukrainian Parliament has adopted legislation regulating foreign and domestic cryptocurrency exchanges operating from within the country.

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Bank of America names new CFO in leadership shake-up

American Banker

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Vibepay offers voice activated payments

The Paypers

US-based payment platform Vibepay has launched account to account voice activated payments in Europe.

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Wisconsin credit unions to merge

American Banker

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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.