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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Emmett previously was the top executive of HSBC Bank plc and Europe, where he was responsible for HSBC's UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa and Bermuda.

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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. To overcome the struggle, banks need to build leadership teams that align with how a future “Smarter Bank” will operate. The traditional vertical chain of command can’t handle this challenge.

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Salesforce Launches Sustainable Products For Eco-Friendly Businesses

PYMNTS

With the Sustainability Cloud, though, there can now be a greater accountability in terms of “peer benchmarking, anonymized data to track progress, communities to share best practices, and ways to input supply chain information,” Flynn said. It also intends to operate on 100 percent renewable energy sources by 2030.

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Finastra research points to open finance progress

Bobsguide

Open communities: Creating more equitable access to banking. Delivering affordable access to formal financial services to 100 million ‘unbanked’ members of credit unions and Village Savings and Loans Associations (VSLAs) by 2030 through collaboration with our customers in the developing world.

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NEW REPORT: State Street Chief On Cost-Benefits Of AI

PYMNTS

Growth in financial institutions’ (FIs) investment in AI comes as banks look to streamline their operational costs. A recent study estimated that investment in AI could result in a 22 percent reduction in operational costs at FIs, collectively saving them as much as $1 trillion by 2030.

Report 101
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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

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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.”. The NDI is expected to be fully operational by the end of 2020.

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