Fri.Apr 15, 2022

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ALM 101: Introduction to Asset/Liability Management-Part 4: Liquidity Risk

Abrigo

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. This is the fourth post in a series. . Would you like other articles like this in your inbox? Defining Liquidity.

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Credit unions seek injunction blocking enforcement of NY law reducing debt judgment interest rate

CFPB Monitor

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual interest rate on consumer debt judgments from 9% to 2%. The credit unions allege that the change in rates – set to take effect April 30, 2022 – violates the United States Constitution’s due process and property protections and should be

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2 reasons to attend the Bank Customer Experience Summit

ATM Marketplace

The Bank Customer Experience Summit will provide key insights into banking trends and networking opportunities for attendees.

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Wells Fargo adds 500K mobile customers in Q1

BankInovation

A rebuilt banking platform and focus on digital experience led to 500,000 new mobile customers in the first quarter for Wells Fargo, the bank announced Thursday. The $1.95 trillion bank announced plans to roll out a revamped digital banking platform last quarter, and feedback has been “very positive,” Charles Scharf, chief executive at the San […].

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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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Divided Tenth Circuit panel rules national bank’s extended overdraft fee are not “interest” under the NBA

CFPB Monitor

A divided panel of the U.S. Court of Appeals for the Tenth Circuit has ruled in Walker v. BOKF, National Association that the extended overdraft fees charged by BOKF were not “interest” under the National Bank Act (NBA). The Tenth Circuit’s ruling on what it called “an issue of first impression in this circuit” follows similar rulings by the First and Fifth Circuits.

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Vote down executive pay at Barclays and Standard Chartered, investors told

TheGuardian

Rebellions loom as Glass Lewis advises banks’ shareholders to reject higher base pay and excessive pensions Barclays and Standard Chartered face the prospect of rebellions over executive pay after an influential adviser said investors should vote down pay and pensions packages for executives at the FTSE 100 banks. Investors should defy directors and reject higher base pay for Barclays’ new chief executive and potentially “excessive” pension awards at Standard Chartered, according to Glass Lewis,

Meeting 63
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Musk offers to buy Twitter for $41.3B | Apple Pay surpasses PayPal as teens’? favorite payment app | Amazon not close to accepting crypto as payment

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Elon Musk offers to buy Twitter for $41.3B to take company private Apple Pay surpasses Venmo and PayPal as teens’ favorite payment app Amazon not close to accepting crypto as

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Shopify Canada allows employees to choose between stock and cash

The Paypers

The Canadian division of global ecommerce platform Shopify has announced that it changes the compensation package to allow employees more flexibility.

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Challenges abound for public finance amid geopolitical turmoil

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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Philippine President vetoes SIM card registration bill

The Paypers

Philippine’s President, Rodrigo Duerte, has vetoed the proposed legislation approved by the state’s Congress two chambers regarding the registration of all SIM cards and social media accounts in the country.

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How will the Ukraine war affect banks

American Banker

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Arf launches cross-border payment network

The Paypers

Provider of cross-border payments in the stablecoin sector Arf, has rolled out Arf Credit, which allows lines of credit to be issued in stablecoin.

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Latest banking news

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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Fintech Finexity partners with Sparkasse for tokenized non-cash assets

The Paypers

Germany-based tokenization platform Finexity has entered into a partnership with Sparkasse Bremen to allow customers to invest in tokenized non-cash assets.

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Will Embedded Finance (BaaS) Cause a Thousand Small Business (SMB) Banks to Bloom?

Fintech Labs Insights

Launching in April (2022), Winden is the fourth SMB challenger bank announced this year. At FintechLabs, we’ve been focused on small business (SMB/SME) financial services for the past 18 months or so. And during that time, there had been no change in the total number (12) of U.S.-based SMB challenger banks. Several new banks launched, but an equal number closed.

Utah 15
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GoDaddy makes accessible ecommerce growth tools for SMEs via Klarna

The Paypers

GoDaddy has offered instalment payment for merchants to take their business online through a partnership with Klarna.

Tools 36
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Meet the Empathy Engineers of Financial Wellness

Digital Growth Institute

"I don't think the bots are coming to take the jobs. I think the bots are coming to make us superheroes.” -Blair Gatchel. Artificial intelligence has gained a reputation as an evil force that threatens to take your job. But some companies are embracing the good side of AI, using technology to solve some of the world’s most confounding problems. Perhaps AI offers the superpowers we’ve always wanted.

Meeting 15
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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ZenLedger partners with Ledger

The Paypers

Cryptocurrency tax software and blockchain analytics ZenLedger.io has partnered with digital assets and Web3 platform Ledger , according to an official press release.

Taxes 31
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Biden will nominate Michael Barr as Fed’s banking supervisor

American Banker

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Cross River partners with Revolut

The Paypers

Technology infrastructure provider Cross River Bank has partnered with super app Revolut to expand Revolut’s business in the US leveraging Cross River’s technology and regulatory infrastructure.

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Aon, BNY Mellon to collaborate on ESG offerings for clients

The Paypers

Insurance and reinsurance broker Aon and BNY Mellon have partnered to collaborate on solutions to meet client needs with a focus on ESG, according to reinsurance.ws.

Meeting 28
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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.

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Coda Payments secures USD 690 mln for cross-border payments

The Paypers

Coda Payments has raised USD 690 million to enable cross-border payments for games and other digital products, as well as alternative app stores.

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Novalnet develops new payment plugin for Plentymarkets

The Paypers

Germany-based ecommerce payment solution provider Novalnet has developed a new payment plugin for Plentymarkets.

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Leatherback raises USD 10 mln pre-seed round

The Paypers

UK-based fintech Leatherback has secured a USD 10 million pre-seed round for its cross-border payments solution.

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Nayax, American Express to enable payments in UK

The Paypers

Commerce enablement and payments platform Nayax has partnered with American Express across EEA and UK markets.

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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.