Fri.Apr 28, 2023

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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Hence, they are likely to show less intense cyclical patterns compared to large banks. This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision.

Capital 81
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Justice debit probe draws in Mastercard

Payments Dive

The Justice Department’s antitrust division issued a civil investigative demand to the card company as part of a debit card probe that has also entangled its larger rival Visa.

Cards 418
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Experts share tools, tips to prevent bank data breaches

ATM Marketplace

Data breaches are a massive issue for banks. How can they prevent them? One solution is maintaining better identity security.

Data 121
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Mastercard ‘cannot afford to ignore’ AI, CEO says

Payments Dive

The card network company is considering using artificial intelligence in more ways, including in customer service, CEO Michael Miebach said.

Cards 293
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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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Passive Ink Note Staining Solution

ATM Marketplace

This whitepaper, sponsored by the SPL Group, a leading provider of innovative security solutions for banks and financial institutions, presents the Passive Ink Note Staining Solution. This innovative low-cost and easy to-install solution has been tested by many banks and is proven highly effective in protecting cash inside ATMs.

ATM 77

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Avalara, eBay address cross-border compliance for sellers

The Paypers

Cloud-based tax compliance automation provider Avalara has announced a partnership with eBay to address cross-border compliance for global sellers.

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NatWest first-quarter profits jump by 50% after interest rate rises

TheGuardian

Banking group says some customers have had to dip into savings because of rising prices NatWest has reported bumper first-quarter profits on the back of a rise in UK interest rates but said persistently high prices were causing some customers to dip into their savings. The banking group said it was largely unaffected by the banking turmoil that resulted in the collapse of Silicon Valley Bank and Credit Suisse last month, and despite uncertainty, managed to report a 50% jump in profits to £1.9bn

Groups 62
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Plug and Play's Crypto and Digital Assets programme reaches France

The Paypers

US-based Plug and Play has revealed that it will expand the Crypto and Digital Assets programme to France to help businesses move from Web2 to Web3.

US 68
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Shopify launches direct bill pay: What’s next for A2A payments?

CB Insights

Shopify, an e-commerce infrastructure leader, has long used business partnerships to help merchants with handling payments. The company is continuing this strategy with its new partnership with invoice payments platform Melio to offer a direct bill payments service — which includes an option to pay directly through a bank account. This reflects a broader trend: Account-to-account (A2A) payments , where funds are transferred between two bank accounts without intermediaries such as card netw

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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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Stay Relevant in Valuation: 3 Key Strategies

Realwired Appraisal Management Blog

Amazon’s mantra is maintaining an agile, Day 1 start-up mentality, rooted in customer obsession. Day 2 mentality is “stasis followed by irrelevance” according to Jeff Bezos. Amazon’s Day 1 philosophy is a corporate culture and operating model that emphasizes long-term thinking, customer obsession and bold innovation.

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First Republic plunges on expectation of seizure by FDIC

BankInovation

First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

FICO

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? So far in 2023, consumers have braced inflation, a balanced housing market, looming prospect of a recession, removal of medical collections data, and student loan forgiveness plan FICO Admin Tue, 02/18/2020 - 14:57 by Radha Chandra Senior Director, Scores expand_less Back To Top Fri, 04/28/2023 - 15:00 We’re almost at the mid-way point of 2023, and it is shaping up to be a year of opposing forces.

Trends 52
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SVB, Fed guilty of poor management

BankInovation

Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk management and internal audits within its operations, and had 31 outstanding supervisory warnings when the bank collapsed in March.

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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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F-Secure acquires the Lookout consumer mobile security business

The Paypers

Endpoint-to-cloud security company Lookout has entered an agreement to have its consumer mobile security business segment acquired by cybersecurity company F-Secure.

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Capital One invests in ML during Q1

BankInovation

Capital One looked to technology to help navigate economic uncertainty as it invested in machine learning during the first quarter.

Capital 52
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China's CBDC takes a more important place on WeChat's platform

The Paypers

China-based messenger app WeChat has announced that it extended the use of digital yuan payments to transactions happening through its short video and mini-app platforms.

Video 41
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AWS customers optimize cloud spend in Q1

BankInovation

Amazon Web Services customers looked to cost savings within their cloud spending amid economic turbulence in the first quarter.

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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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New York Community warns deposit runoff may not be done

American Banker

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Safaricom and HELB to disburse loans to M-PESA

The Paypers

Kenya-based communication solutions company Safaricom and the Higher Education Loans Board (HELB) have partnered to launch the HELB mobile wallet and HELB M-PESA mini app.

Mobile 36
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FedNow will offset the need for a digital dollar

American Banker

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Instacart adds new money-saving capabilities

The Paypers

US-based retail company operating grocery delivery and pick-up services Instacart has added new money-saving capabilities to help customers save money as they shop.

US 36
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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.

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The wide-ranging rules of the new EU crypto regulation

The Banker

The EU regulation has great implications for those in the crypto assets industry. Anna Carrier explains.

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Kakao Pay to buy majority stake in US broker Siebert

The Paypers

South-Korea fintech Kakao Pay has acquired a 19.9% stake in Siebert Financial , a brokerage company based in the US, worth USD 17 million.

US 36
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Fed's Barr: 'Weaknesses in supervision and regulation must be fixed'

American Banker

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Apple expands retail footprint in China

The Paypers

US-based tech giant Apple has expanded its retail operations in China by opening a second Apple Store in Shenzen, its 55th store in China.

Apple 36
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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.