BankUnderground

APRIL 24, 2024

Julian Reynolds Policymakers and market participants consistently cite geopolitical developments as a key risk to the global economy and financial system. But how can one quantify the potential macroeconomic effects of these developments? Applying local projections to a popular metric of geopolitical risk, I show that geopolitical risk weighs on GDP in the central case and increases the severity of adverse outcomes.

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TheGuardian

APRIL 24, 2024

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year Lloyds Banking Group has posted a 28% drop in profits for the first three months of the year as intense competition in the mortgage and savings market hit its earnings. The country’s largest mortgage lender, which owns the Halifax brand, said pre-tax profits dropped to £1.6bn between January and March, having fallen from £2.3bn last year when rising interest rates boosted the lender’s profits by almost 50%.

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The Paypers

APRIL 24, 2024

B2B WealthTech platform Allfunds has announced its collaboration with Google Cloud , with the company aiming to improve its features via cloud computing, analytics, and AI.

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The Financial Brand

APRIL 24, 2024

This article How CFPB 1033 Charts the Future of Open Banking appeared first on The Financial Brand. Experts from Mastercard, Sidley and i2c share insights on leveraging CFPB 1033 for open banking initiatives, managing risks, seizing opportunities — and preparing for the future of open finance. This article How CFPB 1033 Charts the Future of Open Banking appeared first on The Financial Brand.

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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 Paypers

APRIL 24, 2024

Financial crime intelligence company ComplyAdvantage has acquired Golden to accelerate its AI capabilities in providing financial crime insights.

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The Paypers

APRIL 24, 2024

India-based Razorpay has partnered with Airtel Payments Bank in order to launch UPI Switch, aiming to provide businesses with improved payment experiences.

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The Paypers

APRIL 24, 2024

The UK government has published its plans which include the actions that are set to take place over the coming period for advancing a Smart Data economy.

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The Paypers

APRIL 24, 2024

Digital investment platform Mnaara has expanded in the region of the UK to provide access to private market investments for Shariah-conscious investors.

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The Paypers

APRIL 24, 2024

US-based Pomelo , a fintech startup that combines international money transfer with credit, has raised USD 35 million in Series A funding round.

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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

APRIL 24, 2024

Revolut , a prominent fintech firm headquartered in London, is considering strategies to capitalize on customer data by potentially sharing it with advertising partners.

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The Paypers

APRIL 24, 2024

Real-time payments platform Volt has announced that it introduced its PayTo-based payment solution to its retail customers in Australia.

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The Paypers

APRIL 24, 2024

The Philippines SEC has issued directives to both Google and Apple, instructing them to remove the Binance application from their respective app stores.

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The Paypers

APRIL 24, 2024

US-based fintech PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations to enable Pay-by-Palm for cardholders.

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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.

Lending

The Paypers

APRIL 24, 2024

UK-based property lender Together has partnered with US-based cloud banking company nCino to improve the former’s lending business.

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The Paypers

APRIL 24, 2024

The Joint Regulatory Oversight Committee ( JROC ) has released proposals outlining the design of the Future Entity for UK Open Banking.

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The Paypers

APRIL 24, 2024

Sweden-based fintech Brite Payments has launched the Instant Payments service in Germany in a bid to improve its European coverage.

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