Fri.Jun 11, 2021

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Measuring Interest Rate Risk Can Vary by Institution Interest rate risk measurement plays a key role in ensuring an institution's safety and soundness. Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR).

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Klarna, highest-valued private fintech in Europe, rakes in $639M 

BankInovation

This week, Buy-Now-Pay-Later (BNPL) players and digital banks stayed on investor radars and valuations for companies continued to skyrocket. Other notable funding rounds included an ID verification player and a banking app looking to go public via a Special Purpose Acquisition Company (SPAC) listing. Here are the highlights of some of the more notable rounds: Klarna Klarna, one of the top BNPL fintechs, announced on Thursday a new equity funding round of $639 million, giving the company a post-m

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Alastair Hanton obituary

TheGuardian

Ethical banker whose innovations including direct debits and free accounts transformed financial services for the British public Alastair Hanton, who has died aged 94, was a banker and pioneer of ethical investment and fair trade, as well as a green transport campaigner. Through his innovations, he transformed the day-to-day experience of banking for ordinary British people.

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Where is IFRS 9 taking the cost of funding of banks?

BankUnderground

Mahmoud Fatouh. IFRS 9 versus IAS 39. In 2018, IFRS 9 came into effect, replacing IAS 39. IFRS 9 has important implications especially for banks, as they mostly hold financial assets. IAS 39 is based on the incurred-loss model, which allows recognition of credit losses (in the form of provisions) only when there is objective evidence of impairment, dividing loans into performing and impaired loans ( Figure 1 ).

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How ATMs have adjusted to COVID-19

ATM Marketplace

The pandemic has changed every industry from top to bottom, and the ATM industry is no exception. Even as we begin transitioning into the post-pandemic environment, many of these trends such as increased health standards and more contactless options will still remain.

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Ria Money Transfer adds real-time payments through Brazil's PIX platform

The Paypers

Ria Money Transfer has announced the launch of instant payments in Brazil via the country’s PIX real-time payments network.

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Valar Ventures-Backed BukuWarung Raises $60M To Strengthen Its Digital Payment Platform

CB Insights

BukuWarung , a fintech company, has raised $60M in a Series A round that drew participation from Valar Ventures, Goodwater Capital, and Quona Capital, among others. HOW’S THE COMPANY PERFORMING? Indonesia-based BukuWarung is a micro, small, and medium enterprise ( MSME)-focused accounting and digital payment application that offers financial products for lending, insurance, savings, and cash and credit transactions.

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What is Windows 10 IoT Enterprise 2021 (vNext)?

ATM Marketplace

Windows 10 IoT Enterprise 2021 (aka vNext) is coming fall 2021. Are your intelligent devices and systems ready? This free guide tells you: • What's changing with the new version. • How Windows 10 IoT Enterprise 2021 stacks up against the 2019 edition. • What you need to do to prepare.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

FICO

We all purchase insurance policies for one fundamental reason – to protect against unexpected events. No one plans to have an automobile accident or to have a tree fall on their home, and insurance provides valuable peace of mind that, should significant unexpected events such as these occur, they don’t translate into financial hardships or major life disruptions.

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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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Philippine banks squeezed as Covid-19 ravages economy

The Banker

Weak credit growth and rising non-performing loans are among concerns, as authorities struggle to get virus under control.

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Nokomis Savings Bank Adds Kasasa Brand Products

BankDeals

Nokomis Savings Bank (Illinois) offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts through an online application.

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Glofox deploys Stripe Capital to offer financing to gyms and accelerate growth of the fitness industry

The Paypers

Glofox , a full business management software platform for the fitness industry, has expanded its partnership with Stripe.

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Cybersecurity is top issue for bankers, but not for lawmakers

American Banker

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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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Marqeta reaches USD 17 bln valuation post-Nasdaq debut

The Paypers

Card issuing and payments company Marqeta has observed an increase in share price during its first day of trading, increasing its valuation to USD 17 billion, according to AltFi.

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Can Facebook's new payment method compete with Venmo and Zelle?

American Banker

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Klarna confirms USD 639 mln funding

The Paypers

Klarna has confirmed a fresh USD 639 million funding round from investors, including SoftBank’s Vision Fund 2 , according to AltFi.

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Inside State Street’s new digital asset unit

American Banker

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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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Cashflows partners with IMX Software and eDynamix to optimise payments across several industries

The Paypers

Cashflows , a UK-based payments acceptance platform for merchants, has announced new partnerships with IMX Software and eDynamix to optimise payments across several industries.

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European joint venture aims to boost crypto's appeal to banks

American Banker

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Standard Chartered, Franklin Templeton partner to launch Autumn

The Paypers

Standard Chartered and Franklin Templeton have entered a partnership to launch Autumn, a wealth, health, and lifestyle solution platform in Singapore.

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Buckle up: CFPB bringing back regulation by enforcement

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.

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Claro Argentina joins DOCOMO Digital to introduce direct carrier billing

The Paypers

Mobile phone operator Claro Argentina has partnered with DOCOMO Digital , the integrator of digital app stores, to facilitate direct carrier billing (DCB), within the Samsung Galaxy Store.

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An ambitious agenda for Customers Bank’s incoming CEO

American Banker

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Scalable Capital lands USD 180 mln from Tencent

The Paypers

Digital wealth manager Scalable Capital has raised a series E funding round of USD 180 million led by China-based Tencent , according to AltFi.

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Wall Street warned by U.S. regulators to speed up Libor exit

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.