Tue.Jan 11, 2022

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ALM 101: Introduction to Asset/Liability Management – Part 1: ALM Goals & Approaches

Abrigo

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring, and Controlling Interest Rate Risk" WATCH. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

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Tips To Take Your Health Insurance Policy To The Next Level

BankBazaar

The pandemic has hit us hard. Healthcare costs have gone up with some even forced to give up their cover due to a steep rise in premiums. Here are a few tips to make the most of your Health Insurance cover. The pandemic has hit us hard. Healthcare costs have gone up with some even forced to give up their cover due to a steep rise in premiums. However, you have to treat it as a necessity and make sure you’re covered, now more than ever.

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Federal cybersecurity agency warns RPA use may increase attacks

BankInovation

The Cybersecurity and Infrastructure Security Agency (CISA) last week issued a brief that warns of potential cyberattacks in the manufacturing sector due to increased use of robotic process automation (RPA), a threat that also extends to financial institutions. The federal agency is a division of the U.S. Department of Homeland Security. Today, a CISA spokesperson […].

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11 Commandments of Digital Banking: The Customer Journey

FICO

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed by TikTok obsession. Use your branch wisely! Respect my time and match my effort.

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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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Listen: Real-time payments pose real-time fraud risk

BankInovation

Financial institutions should prepare for widespread use of real-time payments in the coming months, as well as the resulting security risks, group president of enterprise banking at core provider Computer Services Inc. (CSI) shares in this episode of “The Buzz” podcast. CSI’s Giovanni Mastronardi discusses how the Federal Reserve-backed instant Automated Clearing House (ACH) transactions, […].

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7 Tips for Business Process Automation in the Banking Industry

Jack Henry

As the COVID-19 pandemic shrinks the labor market by the millions, banks and credit unions have been forced to upskill, reskill, and redeploy talent – requiring training on new skills (upskilling) or for new jobs (reskilling) while moving employees from surplus to shortage areas (redeploying). But what if you could do more with less? While no one can predict the future, it doesn’t seem the labor market is bouncing back as quickly as economists would hope – meaning it’s time to hope for the best

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NYDFS announces providers of commercial financing not required to provide consumer-like disclosures under new law until final regulation takes effect

CFPB Monitor

The New York Department of Financial Services has issued a letter announcing that it has concluded that the obligation of providers of commercial financing under the Commercial Finance Disclosure Law (CFDL) to provide consumer-like disclosures does not arise “until the Department issues final implementing regulations and those regulations take effect.”.

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Will bitcoin take off in 2022?

ATM Marketplace

Bitcoin has come a long way since 2009, but will it take off in 2022?

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A Look Ahead: WMA’s 2022 Marketing and PR Predictions

William Mills

2021 was a whirlwind year for many, as evolving consumer preferences and continued health concerns forced many businesses to shift their strategies. As we work on our annual Bankers as Buyers report , which highlights predictions and trends for the financial services industry, we couldn’t help but wonder what the next year will bring. We reached out to the rest of the WMA team to see what they thought.

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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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Startup Afrikrea raises USD 6.2 mln in pre-Series A round

The Paypers

Ecommerce startup Afrikrea based in The Ivory Coast has raised a USD 6.2 million pre-series A round while rebranding to ANKA , the SaaS platform it launched for sellers.

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UK Card Spend Hits Over Two-Year High

FICO

With average spend and cash usage rising, the data was typical of previous festive seasons. However, a drop in the percentage of payments to balance made by cardholders during the month also suggests that lockdown savings may be diminishing. With the Omicron variant impacting hospitality and retail sales in December, lenders will be looking at whether they need to reintroduce payment holidays as well as returning to the stricter lending policies that were implemented at the outset of the pandemi

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Fenix Pay launches payment services for electric mobility vehicles

The Paypers

Dubai-based electric mobility and delivery platform Fenix has announced the launch of Fenix Pay, its in-house inclusive payments service for the Middle East region.

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Lenders urge CFPB to scale back small-business data collection plan

American Banker

Data 101
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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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Powell: Fed Will ‘Make Progress’ on SPDIs

ABA Community Banking

Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that there are “good arguments” for granting special purpose depository institutions Fed master accounts and that the Fed will “make some progress” on the issue. The post Powell: Fed Will ‘Make Progress’ on SPDIs appeared first on ABA Banking Journal.

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Paypal poses big threat to banks in race to develop stablecoins

American Banker

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MonetaGo goes live in Japan

The Paypers

Fintech solution provider MonetaGo has launched its operations in Japan led by the company’s Managing Director Japan, Munetoshi Yamada.

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Treasury, IRS urged to monitor crypto ATMs for trafficking clues

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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Fly Now Pay Later assures USD 75 mln for US expansion plans

The Paypers

UK-based Fly Now Pay Later has secured USD 75 million in funding provided by Atalya Capital Management to support US expansion plans.

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Bank of America to slash overdraft fee to $10

American Banker

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Elrond acquires crypto payments firm Utrust

The Paypers

Elrond , an Ethereum competitor has acquired Utrust , a Portugal-based cryptocurrency payments firm.

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Truist hires executives to head auditing, information security

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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Bottlepay gets crypto asset business registration in UK

The Paypers

NYDIG , a Bitcoin company, has announced that its subsidiary Bottlepay , a Bitcoin-based global payments company, has been granted registration as a Cryptoasset Business in UK.

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Fed Chair Powell resists lawmaker efforts to pigeonhole his views

American Banker

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Fly Now Pay Later assures USD 75 mln for US expansion plans

The Paypers

UK-based Fly Now Pay Later has secured USD 75 million in funding provided by Atalya Capital Management to support US expansion plans.

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Citi CEO Jane Fraser’s turnabout on Banamex

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.