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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

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Six Nordic Banks Team To Take On AML Issues

PYMNTS

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia.

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PYMNTS Daily Data Dive: Blue Christmas

PYMNTS

While net retail sales have increased 31 percent since 2009, eCommerce has doubled in that same time. predicts that half the 1,100 regional malls in the U.S. 31 percent | Net retail sales increase since 2009. regional malls that could close by 2026. 31 percent | Net retail sales increase since 2009.

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Financial Stability Board Calls For Current Crypto Education

PYMNTS

It was launched following the financial crisis of 2007 to 2009 as an early warning system to avoid another “global market meltdown.” The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

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SE Asia’s East Ventures Looks To Back Startups With $88M Fund

PYMNTS

This will be East Ventures’ eighth fund since forming in 2009. PYMNTS reported that funding from the region ended up winning big for companies like ride-hailing firm Grab , which announced $856 million in funds, and point-of-sale solution Bharat , which brought in $75 million. Crisis brings clarity.”.

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Norwegian Regulators Say AML Measures Fell Short

PYMNTS

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It

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Which loan types are fueling bank growth?

Abrigo

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regional banks had the most diversified portfolios, but community banks generally had higher concentrations in CRE and agriculture loans.

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