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The Banking Crisis of 2023 is Over β€” Time to Get Back to the Crisis of the ’20s

Gonzobanker

High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Rising interest rates depress the value of low-rate securities and loans. Bond losses. Commercial real estate loans.

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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

β€œIn Asia, the identification processes used for services such as e-government, banking or telecommunications evolved independently of each other, leading to a fragmented approach with inconsistent levels of security,” said Dan McConaghy, president of FICO in Asia Pacific.

Survey 40
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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

β€œIn Asia, the identification processes used for services such as e-government, banking or telecommunications evolved independently of each other, leading to a fragmented approach with inconsistent levels of security,” said Dan McConaghy, president of FICO in Asia Pacific.

Survey 40
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Why β€˜Always Be Onboarding’ Should Be The New Mantra For FIs

PYMNTS

You wouldn’t need to go back more than two generations to spot the difference: A bank generally did business with people known by the financial institution’s employees and officers, lending to β€œpeople in good standing in the community,” said Stephen Maloney, EVP of business development and strategy at Acuant , during a recent PYMNTS interview.

Security 132