Tue.Nov 26, 2024

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Some implications of climate policy for monetary policy

BankUnderground

Francesca Diluiso, Boromeus Wanengkirtyo and Jenny Chan. This post examines key aspects of climate mitigation policies that could matter for monetary policy, using insights from structural climate macroeconomic models ( Environmental Dynamic Stochastic General Equilibrium ). Three main findings emerge: first, mitigation policies – like carbon pricing – can be a direct source of shocks, creating potential trade-offs for monetary policy ( Carney (2017) ).

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Self-Service Innovation Summit executive panel to share future predictions, strategy insights

ATM Marketplace

This year’s Self-Service and Innovation Summit, hosted by Networld Media Group in Tampa, Florida from December 9-11 will culminate with “Thought leader roundtable: Executive predictions,” a panel dedicated to helping decipher fact from fiction and providing practical advice for building your business.

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NCUA has a regulatory blind spot; Congress must act to eliminate it

American Banker

The National Credit Union Administration lacks the authority to regulate third-party vendors that supply vital services to the industry. This creates a major risk to credit union customers and the broader U.S. economy.

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Senior UK bankers will get bonuses years earlier under plan to relax rules

TheGuardian

PRA and FCA propose changes to bonus deferrals in bid to drive growth and improve UK competitiveness Business live – latest updates Senior UK bankers will receive their bonuses years earlier under plans by the Bank of England to relax post-financial crisis restrictions. The proposals are to reduce the bonus deferral period for some of the most senior bankers from eight years to five.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Old National in Illinois to buy Bremer Financial

ABA Community Banking

Old National Bancorp in Evansville, Illinois, has agreed to buy Bremer Financial in St. Paul, Minnesota. The post Old National in Illinois to buy Bremer Financial appeared first on ABA Banking Journal.

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Bank Community Engagement: Small-business lending can be a win-win. Here’s how.

ABA Community Banking

An approach that not only addresses challenges of access to capital for underserved communities, but one that also builds a customer pipeline for the future. The post Bank Community Engagement: Small-business lending can be a win-win. Here’s how. appeared first on ABA Banking Journal.

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FCA fines Macquarie Bank £13m for fictitious trades amid ‘serious failings’

TheGuardian

Trader was able to record more than 400 fictitious trades over a period of 20 months, says watchdog Business live – latest updates Macquarie Bank’s London branch has been fined £13m by the UK’s financial watchdog for “serious failings” that allowed one of its junior traders to record more than 400 fictitious trades over a period of 20 months. The Financial Conduct Authority said that Travis Klein, a trader based on the Australian investment bank’s London metals and bulks trading desk from August

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Bank regulators have concepts of a plan to deal with AI

American Banker

In a string of speeches last week, the top federal banking regulators outlined goals and framed their thinking about artificial intelligence in financial services, but the biggest questions around liability and widespread adoption remain unanswered.

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8th Session - Commercial FHA - HUD Loans

Commercial Lending USA

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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'Human crimes is a blind spot': How banks can nab felons

American Banker

The Knoble, a nonprofit that brings banks, credit unions, payment networks and law enforcement together to detect elder and child exploitation and human trafficking, has worked with more than 600 banks.

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Banca Investis launches Gen AI-driven investment advisory application

The Paypers

Banca Investis has announced the launch of a new investment advisory platform entitled NIWA, powered by Gen AI, in partnership with Bain & Company.

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Mountain America exiting New Mexico with branch deal

American Banker

The Sandy, Utah-based credit union said it opted to part with its two New Mexico branches to focus on other geographies. At least one expert expects an uptick in branch sales as more credit unions seek to "right-size" their networks.

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ID.me's valuation increases to USD 1.8 million after tender offer

The Paypers

Digital verification company ID.me has expanded its valuation after it successfully completed a tender offer that placed its worth at USD 1.8 million.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Why community banks are struggling to expand loan portfolios

American Banker

Median growth among small U.S. lenders was 1.2% for the third quarter. Bankers are hoping lower interest rates will boost demand, but borrowers aren't jumping.

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Salica backs Aevi with EUR 5 mln to transform in-person payments

The Paypers

Salica Investments , through its Growth Debt Fund, has finalised its 15th venture debt investment, providing EUR 5 million to Aevi , a player in in-person payment orchestration.

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It's a small world: Why payment companies are targeting SMBs

American Banker

Micro-, small- and medium-sized businesses have traditionally been a tough nut to crack when it comes to serving up actionable insights. Payment data is helping to change that.

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Hasting Direct Loans partners with D•One for Open Banking connectivity

The Paypers

UK-based D•One , the Open Banking division of the ClearScore Group , has announced a partnership with Hastings Direct Loans in order to provide Open Banking connectivity.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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US bank robberies at new low

American Banker

Banks like Fifth Third have increased security measures at their branches, while some potential robbers are turning to cybercrime.

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Capitolis announces investments from Citi, Morgan Stanley, State Street and UBS

The Paypers

Capitolis , a tech company dedicated to increasing the safety of capital markets, has revealed new strategic investments from four global banks.

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Community Banks Remain Troublingly Vulnerable to Third-Party Cybersecurity Risk

The Financial Brand

This article Community Banks Remain Troublingly Vulnerable to Third-Party Cybersecurity Risk appeared first on The Financial Brand. As digital transformation advances in the banking industry, risks from technology and business partners multiply. This article Community Banks Remain Troublingly Vulnerable to Third-Party Cybersecurity Risk appeared first on The Financial Brand.

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Tranglo expands services across Africa

The Paypers

Tranglo , a cross-border payment hub, has expended it’s reach to Africa for boosting financial inclusion by providing efficient, affordable cross-payment solutions.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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How Spending Priorities and Financial Health Guide Consumer Credit Card Choices

The Financial Brand

This article How Spending Priorities and Financial Health Guide Consumer Credit Card Choices appeared first on The Financial Brand. New research from Elan Credit Card reveals what is driving credit card choices: Financial stability shapes preferences between rewards and credit-building features for new cardholders. This article How Spending Priorities and Financial Health Guide Consumer Credit Card Choices appeared first on The Financial Brand.

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PayTabs Egypt, Azimut to launch online top-ups for investment accounts

The Paypers

Payment solutions provider PayTabs Egypt has teamed up with Azimut to launch top-ups for trading accounts and investment funds on the latter’s platform, azinvest.

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How to Ensure Business Continuity for Banks and Financial Services

The Financial Brand

This article How to Ensure Business Continuity for Banks and Financial Services appeared first on The Financial Brand. Whether facing a natural disaster, a community-wide crisis, or an unforeseen global event like a pandemic, ensuring continuity isn't just a priority — it's a responsibility. This article How to Ensure Business Continuity for Banks and Financial Services appeared first on The Financial Brand.

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UniCredit unveils EUR 10.1 bln bid for Banco BPM in strategic shift

The Paypers

Italy’s UniCredit has initiated a EUR 10.1 billion takeover bid for domestic competitor Banco BPM , marking a significant shift in its consolidation strategy.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.