Fri.Oct 29, 2021

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ITMs see major growth

ATM Marketplace

Traditionally, ATMs have mainly served as cash dispensing tools. That is changing in recent years with the advent of solutions such as the interactive teller machine, which can deliver more banking tools to the customer.

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Gender imbalance in economics: what next?

BankUnderground

Misa Tanaka. This post by Misa Tanaka is based on her talk at the Royal Economic Society’s webinar on Gender Imbalance in UK Economics which took place on 6 October. She is Head of Research at the Bank of England and a member of the Royal Economic Society’s Women’s Committee. . The latest report on the Gender Imbalance in UK Economics by the Royal Economic Society (RES) Women’s Committee makes a depressing read.

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UK borrowers warned: the days of cheap mortgages are over

TheGuardian

As interest rate changes are coming ‘thick and fast’, owners may face big rises in their repayments Budget 2021: key points at a glance Budget calculator: what does it mean for me? Read all our budget coverage The era of record low mortgage rates looks to be over, borrowers were warned this week, with the government’s independent forecasters predicting costs will rise rapidly over the next two years.

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Movers and Shakers: Canadian banks make big executive changes

BankInovation

This month saw a number of leadership changes at top Canadian banks, spurred in part by the retirements of long-tenured executives. Among those, Toronto-based TD Bank Group on Thursday announced a succession of changes to its senior executive team. Michael Rhodes, group head of innovation, technology and shared services will take over in January 2022 […].

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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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The Basics of Investing in Municipal Bonds

SWBC's LenderHub

The municipal bond market is unlike any other fixed-income market in numerous ways. It’s a $4 trillion market with millions of individual bonds and credits that trade on an over-the-counter market, which means there is no centralized market like Treasury or corporate bonds. The tax-exempt nature of its dividend stream also adds another layer of confusion as the returns may seem lower, but to the tax-savvy investor, the tax-exempt status offers great value.

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NatWest profits triple to £1bn after jump in mortgage lending

TheGuardian

Stronger economic position allows bank to release £242m worth of provisions NatWest Group tripled its profits in the third quarter to a better than expected £1.1bn, thanks to a jump in mortgage lending and a recovery in the economy despite setting aside cash to cover fines linked to money-laundering charges. The bank, which is majority-owned by the taxpayer, said the stronger economic position had allowed it to release £242m worth of provisions in the three months to 30 September, which it had m

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Money 20/20: Should crypto be regulated as banks are?

BankInovation

Maybe, just maybe, the rationales for banking regulation don’t apply to cryptocurrency. Brian Brooks, former acting comptroller for the Office of the Comptroller of the Currency, made the unusual proposition that technology may be able to eliminate some of the requirements for the regulation of crypto and decentralized finance (DeFi) Wednesday during the Money 20/20 […].

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New Launch: FinBooster: Yes Bank-BankBazaar Co-Branded Credit Card

BankBazaar

Begin the most rewarding journey of your life with our first co-branded product. The FinBooster: Yes Bank – BankBazaar Credit Card is now available! When we started off more than a decade ago, we had a clear mission in mind: to help customers access the right financial products. In keeping with that mission, we are extremely proud to announce the launch of our first co-branded Credit Card: Yes Bank- BankBazaar Co-branded Credit Card , arguably the most rewarding Credit Card in the market at the

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Consumer Credit Provider For Indian Immigrants Zolve Raises $40M In Tiger Global-Backed Series A Round

CB Insights

Zolve , a neo banking platform for those moving from India to the US (or vice versa), has raised $40M in a Series A. The round drew participation from Accel, DST Global, Lightspeed Venture Partners, Tiger Global Management, and Alkeon Capital Management. How’s the company performing? India-based Zolve offers credit cards, debit cards, and local bank accounts to Indian immigrants in the US.

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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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EasyTransfer and Tencent provide tuition payments for Chinese students

The Paypers

China-based tuition payments platform EasyTransfer has partnered with communications platform Tencent to offer overseas Chinese students online tuition payments.

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Hyperproof, An Enterprise Governance, Compliance, And Risk Management Technology Provider, Raises $16.5M In Series A Funding

CB Insights

Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M in a Series A. The investor in this round was Toba Capital. HOW’S THE COMPANY PERFORMING? Seattle-based Hyperproof provides compliance solutions for continuous risk management across key industries, such as security tech, enterprise software, fintech, healthcare tech, and data communications. 3M and Motorola Solutions are included among Hyperproof’s clients — as are lea

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Movers and Shakers: Canadian banks make big executive changes

BankInovation

This month saw a number of leadership changes at top Canadian banks, spurred in part by the retirements of long-tenured executives. Among those, Toronto-based TD Bank Group on Thursday announced a succession of changes to its senior executive team. Michael Rhodes, group head of innovation, technology and shared services will take over in January 2022 […].

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How to get back to business post-COVID.

PopularBank

Now that many cities, counties, and states across the country have reopened and over 59% of the population ages 12 and over have been fully vaccinated, people are eager to get back to work, school, and travel. This hopeful turn has given opportunities for small businesses to reopen or reimagine their operations. But to do so, businesses may need tailored financing solutions to adapt in a post-pandemic economy.

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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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Getting Proactive about Diversity, Equity and Inclusion

ABA Community Banking

By Scott Anderson or the past year and a half, the conversation about diversity, equity and inclusion has been at the forefront of the nation’s mind—and with good reason. While it builds on work we’ve done as an association—and at my own bank, Zions—for many years, we all have new opportunities to lean into sometimes [.]. The post Getting Proactive about Diversity, Equity and Inclusion appeared first on ABA Banking Journal.

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Great River Federal Credit Union Adds Very Competitive 63-Month CD Special

BankDeals

Great River Federal Credit Union has added two 63-month Bump-Up CD Specials, both of which offers exceedingly competitive APYs. Minimum deposit is $500 of new money.

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DataVisor partners with Equifax for behaviour analytics and fraud detection

The Paypers

US-based fraud prevention company DataVisor has partnered with analytics and technology company Equifax to combine identity data from Equifax with its AI signals.

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Most small banks say they'd refuse to sell to credit union on principle

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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Arkose Labs announces updates to its Fraud Deterrence Platform

The Paypers

Arkose Labs , a US-based fraud prevention company, has introduced new updates to its Fraud Deterrence Platform, including augmented risk detection and attack response.

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What's behind Barclays' hiring of Amazon payments veteran

American Banker

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Volt Bank is officially a data recipient in Australia under CDR

The Paypers

Volt Bank has become the first Australia-based neobank to become accredited as a data recipient under the consumer data right (CDR) scheme, according to itnews.com.au.

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Keep Biden’s environmental agenda out of bank regulation

American Banker

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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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Brazil launches Phase 3 of Open Banking

The Paypers

According to Belvo , Phase 3 of Open Banking in Brazil has started on 29 October 2021.

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Why FBI probe of payment terminal maker PAX matters to banks

American Banker

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Alchemy Pay announces limited edition NFT crypto-linked cards

The Paypers

Singapore-based crypto payment service provider Alchemy Pay has announced the launch of its series of 36 limited edition crypto-linked virtual cards in collaboration with blockchain artist Song Ting.

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BMO Financial names wealth management chief

American Banker

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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.