Thu.Dec 30, 2021

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Santander Rushes to Recoup £130 Million Mistakenly Paid Out to U.K. Accounts

BankInovation

Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in a Christmas Day slip-up. Spain’s biggest lender accidentally made a second payment on Dec. 25 to about 75,000 people and firms who had been due for one-off or programed payments from 2,000 businesses with accounts […].

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Santander bank pays out £130m in Christmas Day blunder

TheGuardian

Scheduling issue leads to about 75,000 people and companies being paid a second time in error The high street lender Santander accidentally paid out £130m to thousands of individuals and businesses in a Christmas Day blunder. About 75,000 people and companies who received one-off or regular payments from 2,000 businesses with accounts at the bank were inadvertently paid a second time on 25 December.

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Top 5 bank automation stories of 2021

BankInovation

2021 proved to be a landmark year for the financial services automation sector as banks employed robotic process automation (RPA), machine learning (ML) and artificial intelligence (AI) to drive major technology overhauls. Following is a look at the most popular Bank Automation News automation stories of 2021: No. 5: Yearend Libor phaseout to require automation […].

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This week’s podcast: What every CEO and General Counsel needs to know about new CFPB Director Chopra, with special guest Raj Date, Managing Partner of Fenway Summer LLC

CFPB Monitor

Having previously worked closely with CFPB Director Chopra while he served as the CFPB’s Acting Director and its first Deputy Director, Mr. Date provides a unique perspective on Director Chopra’s views and likely actions as CFPB Director. We discuss how the CFPB is likely to approach key areas under Mr. Chopra’s leadership, including fair lending and digital redlining, technology/fintech, and mortgage lending and servicing.

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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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Chairman of Credit Suisse may have broken the law to attend Wimbledon

TheGuardian

Antonio Horta-Osório flew in from Switzerland in July without isolating for 10 days, as was required Coronavirus – latest updates See all our coronavirus coverage The chairman of Credit Suisse, Antonio Horta-Osório, broke Covid rules for a second time and may have committed a criminal offence in order to attend the Wimbledon tennis finals in London in July, it has emerged.

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Banks, credit unions struggle with branch staffing amid COVID surge

American Banker

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Happy New Year!

The Emmerich Group

Listen, I don’t know about you, but I think everyone’s pretty much tired of 2021. But what’s going to happen in 2022? Well, first of all, what did we learn from 2021? 2021 Lesson Number 1 As community bankers, we’ve learned we are tough and that we can withstand a lot of pressure from putting. Continue Reading. The post Happy New Year!

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Credit union regulator gives preliminary go-ahead on crypto partnerships

American Banker

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Mexico’s central bank will launch digital currency by 2024

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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Bank looks out for branch staff with digital account-opening tweaks

American Banker

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Santander races to recoup $175M mistakenly paid out to U.K. accounts

American Banker

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Banks, credit unions struggle with branch staffing amid COVID surge

American Banker

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NCUA banned one former credit union employee in December

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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CEO of Travis Credit Union in California to retire

American Banker

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Mercantile Bancorp in Michigan starts charitable foundation

American Banker