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Credit Unions: When Innovation Timelines Are Measured In Days Not Months

PYMNTS

Of all the lessons the world will take away from the first half of the year 2020, the most powerful will likely be to never underestimate the power of a black swan event to dramatically upend, well, everything. Such is the world credit unions (CUs) nationwide face today. The Road To Recovery.

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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement

PYMNTS

Ninety-four percent of consumers believe companies need to do more than just earn profits — they expect them to give back to social causes in their communities and in the world at large. Casely is mainly rooted in current social issues, including Black Lives Matter, LGBTQ rights and women’s causes.

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What’s Changed in the 10 Years Since Quant Quake? Not Much.

Bank Innovation

The Quant Quake saw some of the top quant funds in the US, including those belonging to AQR and Goldman Sachs, lose billions of dollars in a matter of weeks. This issue of the ‘black box’ for quant algorithms has been, at least for now, accepted. An analogy from structural engineering world comes to mind.

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Innovation and Evolution: Key to Successful Technology Solutions

ZootBlog

Traditional work weeks and shopping hours have gone by the wayside as the digital movement progresses. Financial institutions (FIs) need to be able to sell their products anywhere, at any time and have the capacity to weather bursts in volume from events such as Black Friday, Super Bowl advertisements, and other special promotions.

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Banking and slavery: Switzerland examines its colonial conscience

TheGuardian

Related: Black Lives Matter isn't about statues or TV shows. It's about real lives being ruined | Nosheen Iqbal Continue reading. A recently published study on Zurich’s involvement in slavery details problematic connections to Escher.

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HSBC pledges to double number of black directors

TheGuardian

Internal memo from CEO lists ‘feeling of mistrust’ among personnel at global bank’s silence on issues of race HSBC has pledged to at least double the number of black staff across its upper ranks, but has admitted it does not know the exact number of BAME individuals in senior positions across the business. Continue reading.

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Morgan Stanley: ex-employees seek contract release to allege racial discrimination

TheGuardian

Former workers have ‘important’ stories to tell and ‘feel a heightened sense of obligation to come forward’, lawyer says At least six former employees are asking Morgan Stanley to release them from confidentiality agreements so they can tell their stories of alleged racial discrimination at the investment bank.

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