Sun.May 24, 2020

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The Finanser’s Week: 18th May 2020 – 24th May 2020

Chris Skinner

The main blog headlines are … Here’s what the new normal looks like There’s lots of talk about civil unrest, an unjust society, the need for a universal basic income, a change in attitude towards everything from capitalism to socialism to democracy to inclusion. Good discussions but hard to know … The post The Finanser’s Week: 18th May 2020 – 24th May 2020 appeared first on Chris Skinner's blog.

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Memorial Day: Remember Irv Earhart

Jeff For Banks

The Battle of Luzon was one of the bloodiest battles of World War II, and the second bloodiest in the Pacific Theater. Americans landed on January 9, 1945, and lasted until the Empire of Japan announced their WW II surrender on August 15, 1945. Although Luzon was secured by March, Japanese forces continued to battle until the war's end, and even afterward.

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When a FinTech CEO steps down (#Monzo)

Chris Skinner

In any business, there are different movers and shakers. Some can create momentum; some can maintain momentum; some create ideas; some kill ideas; some run the business; some change the business; and so on and so on and so on. I’m an ideas guy. I could never run a business. … The post When a FinTech CEO steps down (#Monzo) appeared first on Chris Skinner's blog.

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Remembrance of the Debt We All Owe: Memorial Day 2020

ABA Community Banking

In observance of Memorial Day, USAA has launched a campaign to help Americans honor and remember those who have given their lives in armed conflict on behalf of the United States. The post Remembrance of the Debt We All Owe: Memorial Day 2020 appeared first on ABA Banking Journal.

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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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Things worth reading: 25th May 2020

Chris Skinner

Things we’re reading today include … World Bank warns 60m at risk of ‘extreme poverty’ Central Bank Digital Currencies Need Decentralization Trudeau reaches out to bank CEOs for advice on economic recovery Could you have to pay your bank to save money? Huge rise in hacking attacks on home workers … The post Things worth reading: 25th May 2020 appeared first on Chris Skinner's blog.

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Post-Pandemic Branch Closures Beckon, But Use Caution Or Risk Loss

The Financial Brand

Obvious retail bank savings evaporate and will leave your financial institution weaker if you don't prepare with consumer retention in mind. The post Post-Pandemic Branch Closures Beckon, But Use Caution Or Risk Loss appeared first on The Financial Brand.

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SBA issues guidance on PPP loan forgiveness

American Banker

The new Paycheck Protection Program rules, which created a review process and timeline for paying lenders, did not extend the time borrowers have to comply or increase how much money can be spent nonpayroll expenses.

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How Social Media Closes the Physical Gap with Banking Customers

The Financial Brand

Pandemic distancing rules hamper good service. Social messaging, properly used, can help banks and credit unions enhance customer experience. The post How Social Media Closes the Physical Gap with Banking Customers appeared first on The Financial Brand.

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Virtual therapy, yoga, pet parties: Banks' answers to worker stress

American Banker

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.

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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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Fed's Rosengren sees Main Street loans within next two weeks

American Banker

Federal Reserve Bank of Boston President Eric Rosengren said he expects companies to begin receiving money through the central bank's long-awaited Main Street Lending Program within two weeks.

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