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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

The report and its objectives (with foundational principles for CBDCs) was done in collaboration between the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS. In an interview with Karen Webster published Monday (Oct.

Boston 233
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John Hancock Insurance Review: Great Discounts With Wellness Programs

MyBankTracker

The company’s core product offerings revolve around insurance and operates as a subsidiary of a Canadian-based company called Manulife. John Hancock, also known as The John Hancock Life Insurance Company, was founded in 1862 with operations based mainly in Boston, Massachusetts. Background on John Hancock.

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CFPB announces advisory committee members

CFPB Monitor

Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). The other individuals appointed to the CBAC are: John Buhrmaster, President & CEO, First National Bank of Scotia (Scotia, NY). Clarksdale, MS).

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Shared Economy, Last-Mile Logistics Could Help Deliver COVID Vaccine

PYMNTS

And experts are warning that given the spike in cases nationwide, we should expect to see that national death toll to double over the next 10 days to reach 4,000 daily. Walmart now operates 19 clinics inside its stores to attend to routine, non-emergency health matters. percentage points.

Arizona 160
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CFPB announces new appointments to advisory groups

CFPB Monitor

Agnani, Director of Policy and Civic Engagement, National Coalition for Asian Pacific American Community Development, Washington, D.C. Engel, Research Professor, Suffolk University Law School, Boston, Mass. O’Connor, Senior Vice President, Lending and Operations, Community America Credit Union, Shawnee Mission, Kan.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes. That compares to 39% of global or national banks with more than $10 billion in assets.

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