FICO

JUNE 21, 2021

With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitter and Salesforce say they “plan to bulk up ethics teams responsible for evaluating the behavior of algorithms.”.

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ABA Community Banking

JUNE 21, 2021

By focusing on employee empowerment, banks of all sizes are catalyzing innovation and a healthy workplace culture. The post The Fully Empowered Banker appeared first on ABA Banking Journal.

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Innovation Resources Training Community Bank 104

Cisco

JUNE 21, 2021

How organizations can provide safe environments and smart spaces – part 1. Ready to roll up your sleeves and get back to the office? Many employers are eager to get their workforce under one roof. CEOs like Goldman Sachs’ David Solomon and JPMorgan Chase’s Jamie Dimon have announced their current remote workforce will soon return to the office either full time or in a hybrid model.

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BankInovation

JUNE 21, 2021

Forget Elon Musk tweets, regulatory missives and Bitcoin’s energy consumption. To hedge fund manager Shiliang Tang, the biggest crypto story this year is taking place in the shadows: An options market that’s booming and shaking up digital-currency trading along the way. At his $130 million fund LedgerPrime, filled with Wall Street converts from the likes […].

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Banking Exchange

JUNE 21, 2021

Think tank research details how corporations, financials, non-profits and governments can leverage mission-focused lenders to help underbanked communities Community Banking Feature3 Feature Management People Diversity.

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Community Bank Community Management 78

SWBC's LenderHub

JUNE 21, 2021

Last Week: The Fed produced quite a bit of drama last week, first with the FOMC statement and press conference, then with Fed president James Bullard discussing tapering of the Fed’s $120 billion a month quantitative easing program. Essentially, the Fed told us that based on the current economic data they might curtail their super-accommodative, emergency monetary policy by a tiny amount a little earlier than expected, as in, perhaps a year from now as opposed to 2 years.

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Marketing Policies Conference US 78

Banking Exchange

JUNE 21, 2021

Provident Bank survey illustrates growth of online and mobile banking in the past 18 months Retail Banking Technology Financial Trends Feature Feature3 Covid19.

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Survey Trends Retail Mobile 78

SWBC's LenderHub

JUNE 21, 2021

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

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Industry Compliance Regulation Technology 78

Banking Exchange

JUNE 21, 2021

Blending three days in the office with two days where employees can choose to work from home Management Feature Feature3 Human Resources People Covid19.

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Resources Management 78

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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TheGuardian

JUNE 21, 2021

UK business leaders voice concerns over creation of two-tier workforce and harm to city centre economies The heads of the UK’s largest business lobby group and two major City employers have warned against giving workers the legal right to demand remote working, claiming it would harm young employees and city centre economies. Lord Bilimoria, the president of the CBI, said that while employees should be able to request the option of working from home, flexible working arrangements must be allowed

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CB Insights

JUNE 21, 2021

Startups and new players across financial services are seeing growth in users and revenue as more consumers increasingly embrace digital. Incumbents are also launching new digital businesses and seeking out partners and vendors to ensure they have the tech capabilities necessary to excel now and in the future. . Future of Fintech 2021 (October 5-6, NYC) will provide updates on this activity and in-depth analysis on important trends driving financial services.

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Trends Fintech Lending Analysis 74

Bankelele

JUNE 21, 2021

Last week, many of us have discovered that we have been apparently being registered as members of political parties without our knowledge. This comes courtesy of data uploaded to the national ecitizen registry by the Office of the Registrar of Political Parties (ORPP) I have apparently of the Jubilee Party since 2017, the Party that […]. The post Political Party Finances in 2020 appeared first on Bankelele.

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National US Data 74

The Paypers

JUNE 21, 2021

PayPal has announced several upcoming changes for US-based businesses involving transactions cost rates and an optional chargeback protection service for an additional fee.

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US 70

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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William Mills

JUNE 21, 2021

We're back with the next installment of Accelerated, a new series that gives a behind-the-scenes look at how fintech-banking deals are made and why they’re important.

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Fintech 59

TheGuardian

JUNE 21, 2021

Losses almost double last year despite growing demand for crypto trading pushing up revenues 34% Losses at the British fintech firm Revolut nearly doubled last year, despite cashing in on the year-end cryptocurrency boom. The company – founded by the former Lehman Brothers trader Nik Storonsky and chaired by the ex-Standard Life Aberdeen boss Martin Gilbert – said it made £39m on its cryptocurrency investments last year, while growing demand for its crypto trading services helped pushed revenues

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cryptocurrency Fintech Company Bitcoin 61

FICO

JUNE 21, 2021

The duration and depth of the COVID-19 pandemic have been increasingly challenging to predict, especially its impact on consumer finances. Many credit card issuers were faced with making new operational decisions, adapting to new regulations, and providing a safe and engaging customer experience. Since March 2020, the impact of COVID has also influenced spending patterns, payment rates and delinquency levels across revolving bankcard debt.

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Trends Marketing Payments US 52

BankDeals

JUNE 21, 2021

Honor Credit Union is offering a $250 new checking account bonus that is available to residents of MI, portions of northern IN, and portion of north central WI.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Paypers

JUNE 21, 2021

Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have partnered to launch of a cross-border QR payment linkage between Malaysia and Thailand, enabling consumers and merchants to make and receive payments between both countries.

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Payments 55

CB Insights

JUNE 21, 2021

JPMorgan Chase has acquired Nutmeg , a digital wealth management firm, for approximately $1B. Who are the parties to the deal? Nutmeg: UK-based Nutmeg is a digital wealth management company with $4.9B in assets under management (AUM). The company has over 140,000 clients and saw a 70% growth in AUM year-over-year. Nutmeg previously partnered with JP Morgan Asset Management in November 2020 to provide exchange-traded funds (ETFs) to Nutmeg’s customers.

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New York Management Company Marketing 45

The Paypers

JUNE 21, 2021

Sunway has announced it plans to apply for an online-only banking licence with undisclosed partners to expand its reach in the financial technology sector.

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American Banker

JUNE 21, 2021

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Report 97

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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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The Paypers

JUNE 21, 2021

Wizz Air has partnered with connectivity specialist AS-IP Tech (ASIP) to bring ‘WiFi lite’ to its passengers.

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Payments 66

The Banker

JUNE 21, 2021

China’s banks have proved irrepressible during the pandemic, thanks to their robust structure and the country’s rapid response to the economic impact of Covid-19. Kimberley Long examines how the banks have been affected during this most difficult year, and assesses the likely impact of the emerging central bank digital currency.

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The Paypers

JUNE 21, 2021

A CryptoRefills and Cointelegraph Research study has revealed that 66% of cryptoshoppers say Bitcoin is a means of payment.

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Bitcoin Study Payments 64

American Banker

JUNE 21, 2021

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Regional Lending 83

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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