Sat.Jul 24, 2021 - Fri.Jul 30, 2021

A Tale of Two Models: How the Pandemic Affected Allowance Levels Under CECL and Incurred Loss Models


How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began.

Achieving Data Democratization in Financial Services (Part 4 of 4)


Over the last three blog posts, we discussed the importance of data democratization in financial services. Today, we want to share a few final words. To maximize the value of data resources, they must be discoverable by those who require the information.


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What Trends are Driving Branch Closure, Transformation?

ATM Marketplace

In response to changing trends and COVID-19, many banks have to make a choice around whether to close the branch or transform it

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Ripple Teams With SBI Remit For On-demand Liquidity In Japan


Cryptocurrency and digital payments network Ripple is collaborating with remittance company SBI Remit , as well as , to introduce an on-demand liquidity (ODL) service in Japan. SBI Remit is among the biggest money transfer companies in Japan.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Accelerate your bank’s cloud transformation with the three As


Banks around the world right now are racing to the cloud. Are the winners of the race already too far ahead to catch? In my previous posts in this series, we’ve looked at the forces driving most banks to kick their cloud transformation journeys into high gear.


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FinCEN AML/CTF Priorities Part 5: Political Corruption


Political Corruption: A Greatly Needed FinCEN Priority Among FinCEN's first list of key priorities for AML/CFT policy is to thwart political corruption. Would you like others articles like this in your inbox?

EU’s AI Law Will Have ‘Chilling’ $36B Impact, Study Says


New legislation in Europe aimed at regulating the use of artificial intelligence (AI) could cost the region’s economy $36 billion (or 31 billion euros) over the next five years, a report from the Center for Data Innovation concludes.

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Market Commentary: Week of July 26, 2021

SWBC's LenderHub

Last Week. Another week, another new all-time high for stocks. Equities plunged at the beginning of the week. The S&P 500 dropped 1.6% on Monday as risk assets reacted to the very real risk of the COVID-19 Delta variant causing havoc and snuffing out the recovery.

XBRL News about trends and Nigeria

Daily Fintech

Here is our pick of the 3 most important XBRL news stories from the last week. 1 Major European trends for reporting Whether it’s the upcoming mandatory ESG disclosures or increased scrutiny reflected in data granularity, the road leading up to 2022 (and beyond) is a challenging one.

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Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Bankers Are Caught in a Revenue Recession


Short-term moves to fill earnings shortfalls on the backs of customers will backfire spectacularly. Remind people that profit is the difference between revenue and expense. This makes you look smart.” – Scott Adams, Dilbert Creator.

MoneyGram Mum On Takeover Talk; Touts Q2 Digital Growth


Global money transfer firm MoneyGram posted second-quarter results with total revenue of $329.3 million, a sign that its digital-first efforts paid off as online transactions led the way in most parts of the world.

How branches are embracing next gen technology

ATM Marketplace

Technology is continually advancing as every industry deals with unique challenges. Banks and financial institutions are no exception. Banks are dealing with automation, regulation, digitalization and disruption to meet with the needs of customers.

4 part series on Lightning Network Part 4: Pooh Bear says disruptive change takes longer than expected but impact is bigger than expected

Daily Fintech

Pooh, exercising his role as moderator at the Pooh Corner Tech Debate, pointed out that most people in the audience are focussed on the supply issues around Lightning Network ie how it works, but that the bigger issues maybe around the demand issues ie who will use it.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Maryland federal court dismisses putative class action alleged age-related discrimination by landlords based on targeted Facebook advertisements

CFPB Monitor

A Maryland federal district court has dismissed a putative class action lawsuit filed against nine companies that manage apartment buildings in the Washington, D.C.

Mastercard Teams With Lloyds Bank For Open Banking API


Lloyds Bank is teaming up with Mastercard to launch PayFrom Bank, a solution that gives people the power to make direct payments to merchants from their bank accounts.

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White Paper: Cloud AdNet

ATM Marketplace

"eKassir Cloud AdNet" is an universal digital service that delivers a flexible way to manage advertising content or personal ads at ATMs and kiosks.

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Yield farming: High Rewards, High Risk?

Daily Fintech

The world’s largest cryptocurrency fell below the $30,000 threshold early last week, and many fear that Aeolus’ bag of winds may have opened and we may see new lows. Cryptocurrencies have tumbled since mid-May, wiping some $1.3 trillion off their market value.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Listen: How the FDIC and Duke University drive bank innovation



Square Aims To Do For Small Business Banking What Its Card Readers Did For POS


In everyday terms, a decade is only 3,650 days. You may not look all that different today than you did in 2011, save a few wrinkles, some gray hairs, and oh, maybe 15 pounds of pandemic-induced stress eating.

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Merchants Financial Group, Inc. Announces Earnings of $18.16 Million through Second Quarter of 2021


Merchants Financial Group, Inc. MFGI) announced net income of $18,157,527 through the first two quarters of 2021, according to MFGI President & CEO Gregory M. Evans.

Alt Lending week ending 30th July 2021

Daily Fintech

Criminal Case Review Commission (CCRC) takes another look at alleged LIBOR rigger Tom Hayes case. Tom Hayes has been fighting to clear his name ever since 2017 and despite not knowing the case intimately I feel a certain amount of sympathy for him.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Movers and Shakers: Finastra hires new payments lead, Credit Suisse onboards tech chief


Banking core provider Finastra, Credit Suisse and Automation Anywhere announced new senior executive hires this month. Bank Automation News offers a wrap-up of some recent industry staffing shuffles.

Amazon Refutes Rumors Of Bitcoin Acceptance For Payments


Amazon is refuting claims made by a London newspaper that said the eCommerce behemoth would start accepting payments in bitcoin before the year is out, Reuters reported on Tuesday (July 27). London’s City A.M.

Slow recoveries, endogenous growth and macroprudential policy


Dario Bonciani, David Gauthier and Derrick Kanngiesser.

Catastrophe Models Are More Accessible, Insightful and Prevalent Than Ever

Daily Fintech

Five years ago, catastrophe(CAT) modelling was relatively unknown. Today, CAT modelling for hurricanes and earthquakes is fast becoming the norm in property underwriting, for catastrophes that can obliterate otherwise stable businesses.

Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.