Thu.Apr 06, 2023

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The challenges of measuring financial conditions

BankUnderground

Natalie Burr The challenge of measuring financial conditions Imagine you were tasked with thinking about how financial conditions have changed over a policy tightening cycle. Different economists would come to very different conclusions, and none would necessarily be wrong. Why? Because measuring financial conditions is challenging – for a variety of reasons.

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Stripe’s growth slows

Payments Dive

In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups.

Payments 273
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A primer on “dark patterns,” with special guest Andrew Nigrinis, PhD, Managing Principal, Edgeworth Economics, and former Consumer Financial Protection Bureau enforcement economist

CFPB Monitor

The CFPB and FTC have targeted the use of “dark patterns” on websites to influence consumer behavior. We first discuss what regulators consider to be dark patterns and why they are a focus of regulatory concern and look at examples. We then discuss the empirical issues and behavioral theories a company should expect regulators to raise if it is the target of a dark patterns investigation or enforcement action, what proactive steps a company can take to reduce the risk of a dark patterns chall

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UK house prices rise again in March; Tui says Easter and summer bookings strong – business live

TheGuardian

House prices rise for third month in a row as annual rate slows to lowest in three and a half years Holidaymakers bound for Portugal over Easter face delays on entering the country as Portuguese immigration officials go on strike. The Portuguese news agency Lusa reported that the five days of industrial action, starting today, “could cause disturbances at airports”.

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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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Singapore to help banks investigate potential crypto clients

The Paypers

Singapore authorities have revealed their intentions to investigate service providers from the digital asset sector looking to open a bank account.

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Listen: Streamlining to avoid friction and other payments pain points

BankInovation

In a world of instant gratification, consumers expect this of payment processes — and technology can help. Bonita Springs, Fla.-based payments company ConnexPay addresses pain points in the payments world and works to reduce friction, Chief Executive Bob Kaufman tells Bank Automation News in this episode of “The Buzz” podcast.

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Artelys Uses FICO Optimization To Manage European Power Grid

FICO

Home Blog FICO Artelys Uses FICO Optimization To Manage European Power Grid Ground-breaking TERRE market platform for energy exchange wins ESG Champion in FICO ® Decisions Awards Saxon Shirley Wed, 03/15/2023 - 05:44 by Nikhil Behl Chief Marketing Officer expand_less Back To Top Thu, 04/06/2023 - 08:15 Managing the World’s Largest Synchronous Electrical Grid Artelys , an independent company specializing in optimization, modeling and decision-support based in France, has created the TERRE market

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Cybersquatting a bank security concern post-SVB

BankInovation

Cybercriminals never let a good crisis go to waste. One online security concern that has resurfaced following the recent turmoil in banks like Credit Suisse and Silicon Valley Bank is cybersquatting.

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Tandem Bank acquires Loop

The Paypers

Tandem Bank , a UK-based challenger bank, has acquired Loop , a socially-conscious money-sharing app, in an attempt to build a greener digital bank.

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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 key to relationship building: Coupling embedded payments with data

BankInovation

The fintech arms race over the past several years has created a new series of winners and losers in the ever-increasing fintech industry. Namely, third-party providers have been remarkably successful at providing payment services and financial solutions for organizations that need them.

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New EU Directive could lead to a profusion of class actions

The Banker

Susan Moore, Teresa Griffin and Sandra Grannum of law firm Faegre Drinker share what early action financial services firms can take to avoid litigation.

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FDIC to take a closer look at property appraisal bias 

American Banker

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CardX adds Mastercard Click to Pay to its online payment form

The Paypers

Surcharging compliance platform CardX , a Stax company, has partnered Mastercard to add Click to Pay on Lightbox, its online payment form, to expand the product’s reach.

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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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Unravelling the Credit Suisse merger

The Banker

Historic failings may exacerbate the banking sector’s crisis of faith and inspire new legal claims, writes Simon Fawell.

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Anapaya partners with Finastra

The Paypers

Anapaya , a Switzerland-based networking technology provider, has partnered with Finastra to provide Swiss banks with access to the Secure Swiss Finance Network (SSFN).

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Why Mastercard's recycled-plastic rule could be tough to implement

American Banker

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TransUnion reports global increase in digital fraud attempts

The Paypers

Global information and insights company TransUnion has reported an 18% increase in digital fraud attempts in Hong Kong and 80% globally from pre-pandemic levels.

Fraud 36
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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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FDIC taps BlackRock to manage sale of failed bank assets

American Banker

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Dialics partners iDenfy for identity verification

The Paypers

Lithuania-based regtech iDenfy has partnered with PPC tracking and real-time marketing analytics software Dialics to improve security with identity verification.

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New Approach to Tracking Employee Performance, Proven to Increase Profit [VIDEO]

The Emmerich Group

I believe visibility of what matters DRIVES the changes that matter. In this episode, I will show you how you can create results that matter—those that impact profitability through visibility systems. If you’re the kind of leader who has every employee already aware of exactly what high performance looks like and you have complete Continue Reading The post New Approach to Tracking Employee Performance, Proven to Increase Profit [VIDEO] appeared first on Emmerich Financial.

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Kyriba and US Bank augment real-time payments for businesses

The Paypers

US-based cloud-based finance solutions provider Kyriba has announced it works together with US Bank facilitated real-time payments and reporting for businesses.

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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High-interest CDs powered big deposit gain for NewtekOne's new bank

American Banker

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AMLYZE and Skaleet partner to augment financial crime prevention

The Paypers

Lithuania-based regtech AMLYZE has integrated its AML tool with Skaleet ’s core banking platform (CBP) to augment financial crime prevention.

Tools 36
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Banks expected to increase risk technology budgets after March crisis

American Banker

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PhonePe rolls out consumer app 'Pincode' with ONDC

The Paypers

India-based fintech PhonePe has launched the shopping app Pincode, built on the Centre’s Open Network for Digital Commerce (ONDC) platform.

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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.