Sun.Jan 10, 2021

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Hackers Strike New Zealand's Central Bank

PYMNTS

The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved. The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Bank Gov. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this mali

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Shareholders push HSBC to cut exposure to fossil fuels

TheGuardian

Europe’s second-largest financier of fossil fuels faces a vote to ramp up its climate commitments HSBC could be forced to slash its exposure to fossil fuels – starting with coal – from next year, after an influential group of investors filed a shareholder vote urging the bank to ramp up its climate commitments. Fifteen pension and investment funds are pushing HSBC to reduce the loans and underwriting services offered to clients which rely heavily on fossil fuels within a timeline consistent with

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NCR Makes Play For Cardtronics Despite Rival Private Equity Deal

PYMNTS

NCR Corporation is the mystery suitor behind a recently-announced bid for Cardtronics , an operator of ATMs in 10 countries, that was submitted even as the company worked to close a previously-announced deal with different suitors, The Wall Street Journal (WSJ) reported. In mid-December, Cardtronics announced a $35 per share offer from an entity owned and controlled by private equity firms Apollo Global Management and Hudson Executive Capital.

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Coin shortage eases as U.S. ramps up production

Payments Source

The Mint’s facilities in Denver and Philadelphia worked overtime in the second half of 2020 so that banks and retailers could get more change into customers’ hands.

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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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Some 4 Million Americans Have Been Unemployed For Half A Year

PYMNTS

Almost four million Americans have been out of work for at least six months because of the pandemic, CNN reported. The grim stats are an increase from September when 2.4 million had been out of work since around the start of the pandemic last March. The full number of workers who have been unemployed for six months is now 37 percent of the total jobless population, according to CNN.

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Sharpening the Focus Connecting Your Financial Institution to Consumers

The Financial Brand

Competitive factors demand that banks and credit unions find ways to stand out beyond typical physical and digital table stakes. The post Sharpening the Focus Connecting Your Financial Institution to Consumers appeared first on The Financial Brand.

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Occupational charities step in to support frontline staff in crisis

TheGuardian

Groups founded to help professions have been forced to play a much greater role for workers affected by the pandemic Claire Cain was struggling to meet her rent last summer. The 46-year-old bank cashier worked for Santander UK for 11 years before a benign brain tumour, chronic pain and migraines forced her to take leave. Two of her four children moved back home to Dover during the pandemic, adding extra pressure to her finances, just as her 12 months of long-term sick pay ran out.

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