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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. Despite any of its present issues, the country’s AI market is forecast to be worth $11.9 The Chinese AI industry would be worth $143 Billion by 2030.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments.

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

Capital 131
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The Banking Crisis of 2023 is Over — 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.

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Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back.

Online 169
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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

The region’s changing regulations (28%) and the need to create digital know-your-customer (KYC) and anti-money laundering (AML) (21%) solutions were cited as the two key challenges for APAC banks looking to acquire new customers online. “In Full Digital Account Opening – Challenges.

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