Tue.Dec 27, 2022

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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. You might also like this resource: "BSA/AML Risk Assessment Checklist." DOWNLOAD . Takeaway 1 Many typologies exacerbated by the pandemic continue to provide criminals success, and more complex schemes are surfacing.

Fraud 195
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£1.1bn in fees, 3.1m hours, 14 years: the UK cost of winding up Lehman Brothers

TheGuardian

PwC, administrator of Lehman’s London arm since bank’s failure in 2008, secures three more years to finish process Administrators will spend at least three more years winding up the London-based arm of Lehman Brothers, swelling the almost £1.1bn in fees that PwC has already raked in since the bank’s calamitous collapse in 2008. PwC has secured court approval to extend the administration process for the investment bank’s European hub to 2025, given the “complexity of unwinding the group’s affairs

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Can banks catch up to fintechs with small businesses?

ATM Marketplace

Fintechs have the advantage when it comes to small and medium sized businesses. Can banks catch up?

Fintech 127
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Finovate Best of Show 5 Years Later

Jeff For Banks

Among bankers, there is anxiety. Anxiety from outsiders promoting newfangled technologies that must be adapted in order for their bank to be relevant. Anxiety from insiders chiding them to innovate because this customer or that customer asked about some piece of technology their other bank has. Anxiety from conferences that feature young speakers touting shiny objects.

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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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China’s move to ease Covid travel restrictions lifts hopes for global economy

TheGuardian

Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023 Rush to book flights as restrictions ease China’s decision to ease rules on travel in and out of the country, the world’s second-largest economy, has offered investors hope that it could soften the toll from higher interest rates on global stock markets and unblock supply chains amid a dark outlook for 2023.

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6 top cyberthreats banks coped with in 2022

American Banker

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The rapid evolution of buy now/pay later loans

American Banker

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2023 could be a sea change in how consumers approach banks

American Banker

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Banks expanding special-purpose credit programs

American Banker

Lending 73
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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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The biggest bank M&A deals of 2022

American Banker

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CEO of Provident in Massachusetts departs ahead of earnings report

American Banker

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Credit unions put training over hiring to boost loan results

American Banker