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Innovating The ATM Beyond Cash

PYMNTS

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful. About The Tracker.

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FinCEN Strengthens Commitment to Digital Innovation

Abrigo

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Abrigo Embraces Innovation with Machine Learning Scenarios. Be at the forefront of innovation in BSA/AML. learn more.

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National Australia Bank Cuts 6,000 Jobs, Shifts Staff to Digital

Bank Innovation

The National Australia Bank today announced it is slashing its workforce by 12%, or 6,000 job losses, over the next three years. It will devote more resources to digital banking in future. NAB is following in the footsteps of Nordea Bank and Japan’s Mizuho Bank, both of which announced job cuts this week.

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Ballard Spahr creates California “Mini-CFPB” team and launches new resource center

CFPB Monitor

Effective January 1, 2021, California’s revamped consumer protection agency—the Department of Financial Protection and Innovation (DFPI)—has new, sweeping power over consumer financial services providers in the most populous U.S.

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Wells Fargo Appoints Chief Risk Officer

Banking Exchange

In addition, Nicolet National Bank names chief innovation officer and Trustmark National Bank hires chief risk officer Risk Management Feature3 Feature Human Resources Management.

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Mastercard Targets Startup Innovation In Canada

PYMNTS

Mastercard is collaborating with Startup Canada to promote startup innovation in the country, the firms announced Thursday (Mar. Startup Canada, a group supporting the nation’s 2.3 Startup Canada, a group supporting the nation’s 2.3

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Small Businesses Shun Innovation For Fear Of Debt

PYMNTS

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. 1 necessity for an entrepreneur’s innovative initiatives. National Head of Wealth Planning Tania Slade in a statement.