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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Another key priority for many credit unions is diversity, with the African-American Credit Union Coalition and human capital solutions provider Humanidei partnering to increase the presence of women and people of color on CU executive boards. Deep Dive: Credit Unions Face Data Breach Challenges.

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). The document says it intends to sell 23 million shares at $10 per share. to focus on the quick-service sector.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Yapily Raises $5.4M To Connect UK FinTechs To Banks

PYMNTS

It provides an easy way to access customers finaincal data and iniaitiate payments via one secure API. The capital raise on the part of Yapily comes at the same time that its U.S. which is expected to double by 2030. “As Yapily’s platform is targeted at businesses of all sizes that want to connect with retail banks.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.

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Deep Dive: The Latest Initiatives To Expand Mobile IDs

PYMNTS

This is a crisis so pronounced that the United Nations listed the issue on its Agenda for Sustainable Development : “By 2030, [we must] provide legal [identities] for all, including birth registration.”. Mobile devices enable fast and secure access to services, many of which are solely available online.

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