Mon.Jul 18, 2022

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What Is Not Considered a TRACE-Eligible Security and What Should Not Be Reported

Perficient

A TRACE-eligible security does not include a debt security that is issued by a foreign, sovereign government or a money market instrument. A money market instrument is, other than a U.S. Treasury Security, a debt security that at issuance has a maturity of one calendar year or less, or if an agency or government-sponsored enterprise (GSE), a maturity of one calendar year and one day or less.

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Modern Treasury expands on demand, readies for FedNow

Payments Dive

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services.

Software 397
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75bps Returns as the Expected Rate Hike for Next Week

South State Correspondent

75bps Returns as the Expected Rate Hike for Next Week. The initial chatter about a possible 100bps rate hike that came after the ugly June CPI report has died down and a 75bps rate hike has returned as the consensus outlook for next week’s FOMC meeting. The chatter died down immediately after Friday’s University of Michigan Sentiment Survey found long-run inflation expectations had edged lower to 2.8% from 3.1% previously and 3.0% expected.

Michigan 195
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5 essential features to look for in an omnichannel commerce partner

Payments Dive

An experienced commerce partner can help provide the technology needed to help merchants keep up.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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Bank of America invests $800M in tech in Q2

BankInovation

Bank of America’s efforts to boost its digital tools are paying off, and the $3.1 trillion bank plans to continue its technology investments amid increased customer adoption of the bank’s digital tools. The bank invested in and implemented $800 million in technology in the second quarter, Chief Financial Officer Alastair Borthwick said during today’s earnings […].

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More Trending

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Oil climbs after Biden fails to secure Saudi output hike – business live

TheGuardian

Brent crude prices pushed past $100 per barrel after US president Joe Biden failed to secure output hike agreements with the world’s top oil exporter We’re expecting further travel chaos and some services to be impacted by surging temperatures today. Follow our dedicated UK heatwave live blog today for the latest: GSK’s consumer spin-off Haleon, home to brands from Sensodyne toothpaste to Panadol painkillers, has begun trading on the London Stock Exchange in the biggest European listing in a dec

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Bank of America fined $225M over 'botched' disbursement of unemployment benefits

Payments Dive

The CFPB accused the bank of implementing a faulty fraud filter that would trigger an account freeze over a “simple set of flags.

America 195
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Mastercard Engage expands to offer open banking

BankInovation

Global technology partner program Mastercard Engage announced the addition of open banking to its platform last week to bring secure connectivity and onboarding processes to its partners. Mastercard Engage, an application programming interface (API)-driven platform, connects businesses with technology partners to build, launch or grow payments solutions, according to a Mastercard statement.

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Stake, Aliaswire target rental payment flows

Payments Dive

The companies see millions of dollars of opportunity in offering new ways for management of rental payment flows.

Payments 195
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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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FICO Fact: Can unconstrained AI/ML expand access to credit?

FICO

Home. Blog. FICO. FICO Fact: Can unconstrained AI/ML expand access to credit? FICO has been a pioneer in the use of machine learning (ML) in the financial services industry for over 25 years. FICO. Tue, 07/02/2019 - 02:45. by Can Arkali. expand_less Back To Top. Mon, 07/18/2022 - 18:40. FICO leverages machine learning (ML) in solutions ranging from fraud detection to marketing.

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Five Southeast Asian countries to welcome linked QR code payments

The Paypers

The central banks of five Southeast Asian countries have agreed to link their payment systems by November 2022 to provide seamless transactions for travellers within the region.

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Mastercard works to become an open banking matchmaker

American Banker

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Stor.ai partners with Vallarta supermarket chain

The Paypers

End-to-end digital commerce solution for grocers, Stor.ai , has announced its partnership with local US-based Vallarta Supermarkets chain to implement its platform in Vallarta stores.

US 52
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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Nepal’s banks battle isolationism

The Banker

Nepal’s banks appear resilient to the worst shocks of the pandemic, with strong balance sheets and low non-performing loan ratios. Beneath this, there is discontent over a slow to change regulatory system, which is stifling growth. Kimberley Long reports.

System 36
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Nigeria could use Mir payments cards

The Paypers

Nigeria’s ambassador to Russia, Abdullahi Shehu, has announced that Nigeria and Russia are discussing the possibility of using the Russian Mir payment system cards in the African country.

Cards 41
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Nepal’s economy struggles with import dependence

The Banker

Remittances from overseas workers comprise a significant portion of Nepal’s foreign currency reserves for this import-dependent country. Kimberley Long reports on how this is restricting the economy.

Report 36
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BNB Chain launches Web3 anti-fraud platform

The Paypers

BNB Chain has launched a new platform, DappBay, to discover new Web3 projects, and warn users of potential rug pulls and scams.

Fraud 52
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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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158 companies helping retail banking leaders protect consumers from fraud, manage risk, and more

CB Insights

As fraud and cyber threats become more prevalent and sophisticated, retail banks’ mandate to protect their customers, comply with regulatory mandates, and assess risk across their entire organization has become more important than ever. In response to heightened threats and the costs associated with them, banks are prioritizing technology solutions that make fraud prevention, identity verification, and risk management more effective. get the state of fintech q2 2022 report before anyone el

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RBI discusses a potential ban on cryptocurrencies

The Paypers

The Reserve Bank of India (RBI), the country’s national bank, has discussed the future of virtual digital assets, indicating a strong regulation or total ban of cryptocurrencies in the world’s second largest Internet market.

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‘Fintechs in the crosshairs’: Lenders deploy fairness testing software

American Banker

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AsiaPay offers digital payments and security to Krungsri

The Paypers

Thailand-based AsiaPay has signed agreement to supply white-labelled licensed payment gateway and 3-D secure 2.0 solution for Krungsri (Bank of Ayudhya).

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Synchrony ‘very encouraged’ by consumers’ resilience amid inflation

American Banker

Cards 78
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Visa and Pecunpay launch Visa Direct for instant payments

The Paypers

Global digital payments processor and card issuer Visa has partnered with Spain-based fintech Pecunpay to launch a new solution, Visa Direct , which allows customers to send and receive money instantly.

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CFPB’s garnishment order makes a muddle of law and procedure

American Banker

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Stripe loses 28% in valuation

The Paypers

US-based payments company Stripe has lost its valuation by 28%, becoming the latest privately-funded fintech to suffer from the repercussions of a sustained sell-off of tech shares, according to Financial IT.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se