Tue.Sep 27, 2022

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Australia’s financial sector will pay customers $7.2bn for wrongdoing, regulator says

TheGuardian

Australian Securities and Investments Commission issues guide for paying compensation and tells companies to pay up quickly Get our free news app , morning email briefing or daily news podcast The compensation banks and other financial institutions will pay as a result of their wrongdoing towards customers will reach $7.2bn, the corporate regulator says.

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Worldline, DFM partner to boost instant payments, clearing, and settlement

The Paypers

The Netherlands-based financing partner for enterprises DFM has chosen global player in payment services Worldline to be its instant payments and clearing & settlement mechanism partner.

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How can Octopus give me a fixed-rate tariff that isn’t fixed?

TheGuardian

All the literature confirmed the rate would not change, then it did Octopus Energy isn’t dealing fairly with my complaint about changes to my fixed-rate tariff. I started a new contract in August last year, having transferred from Avro Energy just before it collapsed. Continue reading.

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Mollie launches Mollie Capital

The Paypers

Mollie , a Netherlands-based financial services provider, has launched Mollie Capital, a new arm of the fintech which will manage the lending products.

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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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Truist to leverage ISO 20022 for cloud development

BankInovation

Truist is looking to leverage cloud capabilities through the adoption of new bank messaging standards and data analytics. With the impending adoption of ISO 20022 — an open global standard for sending digital payment messages and data between financial institutions (FIs) — cloud developers will be able to take advantage of the data that will […].

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KeyBank to eliminate digital platform redundancies

BankInovation

KeyBank is looking to streamline access to its multiple digital platforms by reducing entry points and simplifying the loan process. To reduce friction, the $139 billion bank deployed its process engineers to review client data for a better understanding of which products are being used in tandem with others, Dominic Cugini, chief information officer of […].

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Digitalization and Artificial Intelligence: 5 Keys to Success

FICO

Home. Blog. FICO. Digitalization and Artificial Intelligence: 5 Keys to Success. Digitalization and artificial intelligence will radically change retail banking. What does this mean for banks? FICO Admin. Thu, 12/19/2019 - 16:29. by Ulrich Wiesner. expand_less Back To Top. Mon, 09/26/2022 - 18:25. Machine learning, language processing, robotics - the artificial intelligence toolbox offers a range of smart tools that enable machines to act autonomously.

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The changing role of the bank CIO

BankInovation

The role of chief information officer (CIO) is changing amid the evolution of bank architecture, digital infrastructure and technology. “I think the role of the CIO has drastically changed over the last couple of years,” Ken Meyer, chief information and experience officer at Truist, said recently at Bank Automation Summit Fall 2022 in Seattle. “Our […].

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Railsr partners with DND Finance to launch Score Credit Mastercard

The Paypers

Railsr , an embedded finance platform, has partnered with DND Finance , a commercial equipment finance provider, to launch the Score Credit Mastercard.

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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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Upstart says it's improving AI models after report finds race approval disparities

American Banker

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Rails partners with DND Finance to launch Score Credit Mastercard

The Paypers

Railsr , an embedded finance platform, has partnered with DND Finance , a commercial equipment finance provider, to launch the Score Credit Mastercard.

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Banks point to law enforcement for solutions in combating P2P fraud

American Banker

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Alipay+ partners Asian e-wallets for cashless travel in South Korea

The Paypers

Payment platform Alipay+ has partnered with several Asia-based e-wallets in order to support cashless travel in South Korea.

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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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Bank of America lets business clients use QR codes to log in

American Banker

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Consumer debt hits record for most Americans, except the wealthy

American Banker

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BOE lays out stress test scenario for banks as U.K. markets crater

American Banker

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Republic First CEO won't get to decide embattled bank's fate

American Banker

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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Commerzbank exec criticized for work obsession wins London suit

American Banker

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Banks scramble to solve WhatsApp problems. Nice Actimize offers answers.

American Banker

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Biden's student debt relief to cost $400 billion over decade, CBO says

American Banker