TheGuardian

MARCH 21, 2023

UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts UK government borrowing rose last month to the highest February deficit on record, largely because of spending on support schemes to help households and businesses with spiralling energy bills. The government borrowed £16.7bn in February, £9.7bn more than a year earlier and the highest February borrowing since monthly records began 30 years ago, according to the latest figures from the Office for National Statis

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Payments Dive

MARCH 21, 2023

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

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Cards Meeting Company 459

South State Correspondent

MARCH 21, 2023

You have undoubtedly heard or seen the various commercials and likely have even received phone calls about Employee Retention Credit, or ERC. The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. We introduced our ERC Assist program several months ago so that we can attest to the efficacy of this product.

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Community Bank Taxes Community Operations 195

Payments Dive

MARCH 21, 2023

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

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System 221

Advertiser: Data Robot

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

Technology

Abrigo

MARCH 21, 2023

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio.

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Risk Management Management Lending Strategy 195

ATM Marketplace

MARCH 21, 2023

Have we entered an age where artificial intelligence (AI) tools like ChatGPT and Bard have become uncontrollable monsters, destined to suck away all human individuality and creative thought, relegating us mere mortals to the Twilight, until we are eventually banished to the Dark Shadows forever? Well, probably not so much.

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Trends Tools US 103

TheGuardian

MARCH 21, 2023

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way? The global financial system is facing a crisis of confidence. Which makes this week’s meeting of America’s central bankers critically important. None of the 12 members of the Federal Reserve Board’s Open Market Committee were elected to their posts.

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Meeting System Marketing US 111

BankInovation

MARCH 21, 2023

Many financial institutions struggle to decide where they should focus their strategic modernization efforts. Should they prioritize back-office and core capabilities or more tactical front-end and point solutions? Trying to choose the best option often leads to significant resource use and major inefficiencies.

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Fintech Resources 98

CFPB Monitor

MARCH 21, 2023

The CFPB recently announced the publication of the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Data for 2022. The data is available on the Federal Financial Institutions Examination Council (FFIEC) website. The CFPB advises that this year, in addition to institution-specific modified Loan Application Register (LAR) files, users can download one combined file that contains all institutions’ modified LAR data.

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Data 78

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

Fraud

ATM Marketplace

MARCH 21, 2023

With March Madness underway, many businesses will see a large influx of cash. Here's how to manage it.

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Management How To 99

TheGuardian

MARCH 21, 2023

Exclusive: Jeff Fairburn, who was forced to leave housebuilder after outrage at £82m bonus, registers ‘credit granting’ business The former chief executive of the housebuilder Persimmon who landed one of the biggest bonuses in British corporate history has set up a new venture with his wife. Jeff Fairburn, who was ousted from Persimmon after protests at his bumper £82m bonus in 2018, has set up an investment company with his wife, Jayne, the Guardian can reveal.

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Company Industry 73

Dataconomy

MARCH 21, 2023

What can Runway AI Gen-2 do for you? Let me explain; imagine you need a video that contains a hiker through a jungle brush. What are the options for this that come to mind first? A) Going for a walk in the woods and shooting that video.

Video 81

Video 81

TheGuardian

MARCH 21, 2023

Those at the top need to have skin in the game – and know that risky decisions they make will affect them too Executives at Silicon Valley Bank (SVB) and Credit Suisse took substantial risks. SVB proactively expanded the bank’s deposits, some might say excessively. These depositors were uninsured and undiversified. And back when interest rates were low, the bank invested significantly in US government bonds , which was fine at the time.

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Capital Risk Management US Management 75

Advertiser: Data Robot

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

Strategy

BankInovation

MARCH 21, 2023

European technology startups nearly doubled the amount of debt they took on last year, leaving them increasingly dependent on financing that may prove harder to come by in the aftermath of Silicon Valley Bank’s collapse. Private tech companies in Europe took out €30.5 billion ($32.7 billion) in debt last year, up from €15.

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Technology Company Fintech 52

TheGuardian

MARCH 21, 2023

While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much Central banks on both sides of the Atlantic are facing one of the toughest calls on interest rates in years, as concerns over the worst banking crisis since 2008 cast doubt on the need for further action to reduce sky-high inflation.

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Maine US Marketing Policies 60

BankInovation

MARCH 21, 2023

Euro1, one of the largest payment systems in Europe, has migrated to the ISO 20022 messaging standard. For European banking, the transition is a step toward a standardized and efficient payment infrastructure. Euro1 is a real-time gross settlement system operated by EBA Clearing, which processes high-value euro-denominated payments between banks and financial institutions.

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Payments System Operations 52

FICO

MARCH 21, 2023

Home Blog FICO FICO Survey: Secondary Market Expects Higher Volatility in 2023 FICO pulse survey finds that secondary market wants more information on transition to FICO Score 10 T FICO Admin Tue, 02/18/2020 - 14:57 by Joanne Gaskin expand_less Back To Top Tue, 03/21/2023 - 15:00 FICO recently sponsored the Structured Finance Association’s annual conference on capital markets in Las Vegas, an event that always features insightful guest speakers and draws attendance from a wide range of investors

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Survey Marketing Las Vegas Analytics 52

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

Case Study

BankInovation

MARCH 21, 2023

Starling Bank is hiring for 1,000 tech-related positions for its newest location in Manchester, England. The $14.6 billion, London-based digital bank employs 2,500 people at four locations, including its London headquarters, Cardiff, Southampton and Dublin locations, according to a bank release.

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Digital Banking Mobile Fintech 52

TheGuardian

MARCH 21, 2023

Investment banking roles expected to be worst hit at Credit Suisse in London Business live – latest updates The fate of thousands of jobs in London’s financial district is in doubt after the emergency merger of Swiss banks UBS and Credit Suisse. The two lenders are yet to spell out in detail what their rushed union may mean for the more than 5,000 Credit Suisse and about 6,000 UBS staff based in London.

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Dataconomy

MARCH 21, 2023

In the world of modern computing, containers as a service (CaaS) has emerged as a powerful and innovative approach to application deployment and management.

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Data Innovation Management Industry 64

BankInovation

MARCH 21, 2023

The swift collapse of Silicon Valley Bank has shaken the banking industry during the past two weeks.

Community Bank 52

Community Bank Lending Community Industry 52

Advertiser: Data Robot

An organization’s path to AI success can be full of obstacles, from a proper assessment of its own AI maturity, to a better alignment between business and technical teams, many factors can influence the outcomes. All of this is tightly intertwined with a myriad of complicated technical decisions that can make or break any long-term AI strategy. While AI progress is hard, companies don’t have to get stuck in an endless loop of inertia on their path to value-driven AI.

Strategy

Dataconomy

MARCH 21, 2023

What can Runway AI Gen-2 do for you? Let me explain; imagine you need a video that contains a hiker through a jungle brush. What are the options for this that come to mind first? A) Going for a walk in the woods and shooting that video. B) Find and buy a video similar to it. C) Using generative AI tools to combine other images for a similar video. Although it takes some time and technical knowledge, all of the above solutions can satisfy your request.

Video 36

Video New York City Tools Google 36

The Banker

MARCH 21, 2023

Jonathan Chertkow, part of the Hogan Lovells SVB Task Force, recounts the events of the collapse and examines the performance of UK banking regulation.

Regulation 36

Regulation 36

Dataconomy

MARCH 21, 2023

What can Runway AI Gen-2 do for you? Let me explain; imagine you need a video that contains a hiker through a jungle brush. What are the options for this that come to mind first? A) Going for a walk in the woods and shooting that video. B) Find and buy a video similar to it. C) Using generative AI tools to combine other images for a similar video. Although it takes some time and technical knowledge, all of the above solutions can satisfy your request.

Video 36

Video New York City Tools Google 36

American Banker

MARCH 21, 2023

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Florida Digital Banking Texas 77

Advertisement

What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.

Lending