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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. As of 2014, the mobile phone penetration rate in Singapore was 148 percent. Startups are estimated to employ nearly 300,000 on the island nation. With an estimated population of just 5.47

National 133
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CFPB issues 2014 fair lending report

CFPB Monitor

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60
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Spotlight on lending: Commercial loan growth geographically

Abrigo

Nationally, the picture is a fine one. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. The list identified a significant uptick in commercial and industrial lending in the South, as 7 of the 15 community banks included are located in the region.

Lending 186
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Credit unions continue to see growth in auto lending

Abrigo

More than three-quarters of a million were sold in 2014, continuing its reign as the top vehicle since 1981. The Toyota Camry, the first car on the 2014 list, ranked fourth overall with more than 428,000 new to the road. million over the last quarter of 2014. This figure is up more than $1 billion from the previous quarter.

Lending 150
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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. “We Roberts has nearly 20 years of banking experience.

Groups 116
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Deep Dive: How To Improve Existing AML/KYC Requirements

PYMNTS

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals. A DIY Approach To AML/KYC.

How To 161
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MasterCard Collaboration To Drive Rwanda’s Cashless Plans

PYMNTS

What the initiative will entail includes: the digitization of school fees and national health care claim payments, providing an online payment gateway for Rwanda Online, contributing to the creation of a common mobile banking platform, and contributing to the effective management of spending activities across borders. “We