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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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The role of self-assessment in board meetings

Abrigo

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions? Or, do they need more context and less data?

Meeting 170
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Shared Economy, Last-Mile Logistics Could Help Deliver COVID Vaccine

PYMNTS

There are now three different firms on the verge of submitting highly effective vaccines to regulators worldwide for emergency approval. Walmart now operates 19 clinics inside its stores to attend to routine, non-emergency health matters. percentage points.

Arizona 160
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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. It is not too late to perform CDD and transaction monitoring of these businesses – the regulators will expect it.

Lending 195
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. 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.

Examples 195
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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

I’ll leave the political and public policy discourse to others. That’s the only way the business can ultimately continue to create value for its customers, create jobs for people, serve the ecosystem in which it operates and provide tax revenues. And a platform for advertisers to, in turn, reach them. But wait a second.

Cards 169
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. regulated financial institutions! Acronym of the Year. Has to be M-O-E. THE INDUSTRY TREND AWARDS.

Fintech 147