Wed.Jun 02, 2021

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Winds of change: How climate risk is shifting regulatory roles

Accenture

Executive Summary Central banks and regulators around the world know climate risk constitutes a growing risk to financial stability. In their role to enable, manage and supervise financial sector (FS) participants in dealing with environmental risks, a number of them have focused on several crucial areas. Many, however, have been less proactive. They should consider….

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Hot Topics: How to Prepare for Your Next BSA Exam

Abrigo

Prepare for your BSA exam by following these tips Getting ready for your upcoming BSA examination takes planning and thinking through several issues. Here's a guide to help. Want more BSA training and articles emailed to you? Takeaway 1 The first step to BSA exam preparation is to review regulatory guidance from the FFIEC and FinCEN. Takeaway 2 Good communication with your BSA examiner and having a team plan are key aspects of exam preparation. .

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45 Years in Business – A Look Back at Where It All Started and Where We Are Today

Jack Henry

This year, Jack Henry & Associates, Inc.® (Jack Henry) is celebrating 45 years of being in business. Since the start of the company, a lot has changed – not just technology, but the way in which people do business has changed (especially this last year). However, even with all of the change that both the company and the world has experienced over the last nearly five decades, there are some things that have remained constant at Jack Henry.

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The empty office: what we lose when we work from home

TheGuardian

For decades, anthropologists have been telling us that it’s often the informal, unplanned interactions and rituals that matter most in any work environment. So how much are we missing by giving them up? In the summer of 2020, Daniel Beunza, a voluble Spanish social scientist who taught at Cass business school in London, organised a stream of video calls with a dozen senior bankers in the US and Europe.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Movers and shakers: Tech leaders get boost at JP Morgan, Bank of America

BankInovation

Bank of America, JP Morgan and Wells Fargo & Co. were among the banks that shuffled and promoted tech leaders last month: Kerrison promoted to Bank of America tech leadership team Bank of America Chief Technology Officer Tony Kerrison has been promoted to the leadership team under Cathy Bessant, the $2.2 trillion bank’s top technology […].

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Bank Automation News webinar to focus on automation tech for risk mitigation and security

BankInovation

Financial institutions face innumerable risks related to compliance issues and information security, as well as fraud and cybersecurity breaches. While banks look to automation to improve transaction monitoring, they must remain ever mindful to adapt technology to current market needs. Ian Dunn, general manager of portfolio analytics for digital lending solution nCino, will share his […].

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Ally Financial Cuts All Overdraft Fees

Banking Exchange

The $182 billion bank has removed the charges for all of its 2.3 million customers Community Banking Feature3 Feature People Fee Income.

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Listen: AI helps banks speed maritime trade compliance

BankInovation

With all the ships at sea at any given time, banks involved in maritime trade transactions find it especially time consuming to pore over shipping logs and confirm whether vessels carrying goods are on a sanction list. For this episode of “The Buzz,” Bank Automation News spoke with Ami Daniels, chief executive at Windward, a […].

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Flurry of Major Deals as M&A in US Banking Heats Up

Banking Exchange

Plus: First Bancorp announces Select Bancorp takeover, United Community Banks buys Aquesta, Oconee to merge with Elberton Management Feature M&A Financial Trends Lines of Business Feature3.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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The differing effects of globalization on trade versus migration

BankUnderground

Rebecca Freeman and John Lewis. Compass on old map. Better communications, enhanced transport links, integration agreements between governments, and other factors have all helped increase global economic interconnectedness over the past few decades. Yet, comparing a state-of-the-art gravity model for trade versus migration reveals important differences in the evolution of globalization over time on flows of goods versus people.

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Family Bank to raise Notes

Bankelele

A few weeks after retiring a bond issue e early, Family Bank has launched a new medium-term notes (MTN) program. Family Bank has got approval from the Capital Markets Authority to borrow up to Kshs 8 billion over the next five years to go towards growing its capital base, launch new products, and support lending mainly […]. The post Family Bank to raise Notes appeared first on Bankelele.

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Banks automating risk see benefits, including reduced costs

BankInovation

Banks are slow to automate risk management, but a majority of those that have done so report benefits such as reduced costs, greater accuracy, increased speed and improved compliance. Of the 300 financial services professionals surveyed by the analytics vendor SAS, 20% were at banks that have “gone further than the rest in automating risk-modeling […].

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Rob Pyle Joins Merchants Bank as Vice President/Commercial Banker

MerhantsBanks

Rob Pyle has joined Merchants Bank as Vice President/Commercial Banker, according to Dan Vlasak, President for Merchants Bank in Lakeville. “We’re excited to have Rob join the talented team in Lakeville and I know his experience in commercial banking will be valuable to our clients as we help their businesses grow and reach their goals,” […].

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The State of Automation in Financial Services 2024 Report

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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Börse Stuttgart Digital Exchange launches app for crypto trading

The Paypers

Germany-based regulated digital asset trading platform Börse Stuttgart Digital Exchange ( BSDEX ) has announced launching a mobile app for cryptocurrency trading.

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Jeff Bezos-Backed Chipper Cash Raises $100M To Expand Its Cross-Border Payments Platform

CB Insights

Chipper Cash , a cross-border payments provider, has raised $100M in a Series C with participation from Bezos Expeditions, 500 Startups, and SVB Capital among others. How’s the company performing? California-based Chipper Cash provides no-fee, mobile-based, peer-to-peer payment services across 8 countries – UK, Ghana, Uganda, Tanzania, Rwanda, Nigeria, South Africa, and Kenya.

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Why more banks are weaning themselves off overdraft fees

American Banker

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Stanbic Uganda 2021 AGM

Bankelele

Stanbic, the largest bank in Uganda held its shareholders’ annual general meeting this morning. Beamed online, the 15th AGM of the bank was held virtually and shareholders were invited to register, watch the stream online and vote on the resolutions. Excerpts The bank is listed on the Uganda securities exchange and has 22, 000 shareholders […].

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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How the Right Banking Vendor Strategy Can Speed Digital Transformation

The Financial Brand

Banks and credit unions usually follow one of two approaches for tech upgrades. But a new third way of choosing vendors could be best. The post How the Right Banking Vendor Strategy Can Speed Digital Transformation appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Where banks are eyeing profits in the green economy

American Banker

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New OCC Chief Targets Fintech/Banking Deals & Crypto for Scrutiny

The Financial Brand

Acting chief at the national banking regulator wants to end fragmented views on financial innovation and has made CRA reform a top priority. The post New OCC Chief Targets Fintech/Banking Deals & Crypto for Scrutiny appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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FQX secures USD 4.7 mln in seed funding

The Paypers

The Switzerland-based fintech FQX focused on electronic negotiable instruments has announced receiving EUR 3.84 million in venture capital in a seed round.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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American Express links to three anti-fraud platforms

American Banker

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Global Payments launches card payment acceptance app

The Paypers

Payment technology company Global Payments has announced launching an application that will make it possible to turn a mobile phone into a payment terminal for card payment acceptance.

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People’s United deploys tech to predict customers' financial needs

American Banker

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Vivid increases available cryptocurrencies

The Paypers

Mobile banking app and digital investment platform Vivid has announced expanding its crypto offering by 40 more coins to a total of 50 tradable crypto assets.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.