Wed.Nov 27, 2024

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The heterogenous effects of carbon pricing: macro and micro evidence

BankUnderground

Ambrogio Cesa-Bianchi, Alex Haberis, Federico Di Pace and Brendan Berthold To achieve the Paris Agreement objectives, governments around the world are introducing a range of climate change mitigation policies. Cap-and-trade schemes, such as the EU Emissions Trading System ( EU ETS ), which set limits on the emissions of greenhouse gases and allow their price to be determined by market forces, are an important part of the policy mix.

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Credit card delinquencies mount, Fed says

Payments Dive

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Cards 370
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Russia’s rouble plunges to lowest rate since early weeks of Ukraine war

TheGuardian

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions. The rouble on Wednesday hit 110 against the dollar for the first time since 16 March 2022.

US 108
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BNPL use may rise this year for holiday shopping

Payments Dive

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

Cards 195
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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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Chase and other megabanks aren't — and never will be — community banks

American Banker

"Too big to fail" banking giants like to masquerade as community banks when it suits their purposes, but they will never be able to replace real, local bankers with deep ties to their customers.

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Survey: Bank leaders expect mergers and acquisitions to increase in 2025

ABA Community Banking

More than two in five bank leaders believe their institutions will buy another bank in 2025, suggesting a potential uptick in merger activity in the coming year, according to a new survey on M&A by Bank Director. The post Survey: Bank leaders expect mergers and acquisitions to increase in 2025 appeared first on ABA Banking Journal.

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Dock partners with Youverse to support biometric authentication

The Paypers

Dock has announced a partnership with Youverse , a company specialising in privacy-focused biometric solutions.

Company 66
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Santander Bank’s commitment to innovation boosts a neighborhood

ABA Community Banking

The co-working site and full-service branch will host free networking events and programming throughout the year designed to help local businesses The post Santander Bank’s commitment to innovation boosts a neighborhood appeared first on ABA Banking Journal.

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Elon Musk wants to 'delete' the CFPB. Could he?

American Banker

The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.

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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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Cardless raises USD 30 million to continue its development process

The Paypers

Cardless has announced a USD 30 million funding round, aimed at its continued development of credit card and loyalty products, as well as its expansion in multiple markets.

Cards 45
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USAA missteps, CFPB's last hurrah: Top banking news November 2024

American Banker

November's roundup includes consumer doubts plaguing the reputation of USAA, reviews of the Consumer Financial Protection Bureau's actions and more.

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Yuno partners with Mastercard to expand the Click to Pay at checkout solution globally

The Paypers

Yuno has announced its partnership with Mastercard in order to make the Click to Pay at checkout solution available to customers across the globe.

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Canadian regulators launch review of sales practices in bank branches

American Banker

The inquiry by securities regulators came in response to reporting that bank employees pushed products in ways that misled customers as they sought to meet their sales targets.

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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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Bain Capital acquires Envestnet for USD 4.5 billion

The Paypers

Envestnet has announced the completion of its acquisition by affiliates of vehicles managed or advised by Bain Capital in a deal valued at approximately USD 4.5 billion.

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Will GOP control of Washington drive more student loans to Sallie Mae?

American Banker

The company's stock price has jumped 23% since the election, as investors bet that federal student loans will get curtailed, providing more opportunity for the private sector.

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Morocco advances draft cryptocurrency regulation, explores CBDC

The Paypers

Morocco has moved forward with the regulation of cryptocurrencies with a draft law currently under review, according to officials from the country’s central bank.

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U.S. Bank shakes up leadership; BNPL gets a boost for the holidays

American Banker

Buy now/pay later firms launched new products and announced new operational strategies this week as they prepare for an expected increase in demand this holiday shopping season, while Revolut's CEO laid out plans for 2025.

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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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We’re Counting Our Blessings

Image Works Direct

This Thanksgiving, our plates are overflowing with gratitude. From our amazing clients to our hardworking staff, we have so much to be grateful for. At image.works, we hope your blessings are bountiful and your feasts are fabulous! Have a great Thanksgiving holiday. In celebration, our team will be out of the office on the following dates.

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Aevi and LEGI.ONE partner to bring advanced payments to SMEs

The Paypers

Aevi , a player in in-person payment orchestration, has partnered with LEGI.ONE LTD, a company providing solutions for SMEs, to make advanced payments available for small and medium enterprises.

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Newtek hopes to cap bank conversion with zero-fee checking account

American Banker

The Boca Raton, Florida company is seeking to attract deposits with a product that more closely resembles the strategy many fintech's typically employ.

Florida 36
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Request Finance expands with Pay.so Lithuania acquisition

The Paypers

Request Finance , a company specialising in cryptocurrency and fiat financial operations, has acquired Pay.so Lithuania , a regulated virtual asset service provider (VASP).

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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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Musk calls for abolishing consumer agency GOP has long targeted

American Banker

"Delete CFPB. There are too many duplicative regulatory agencies," Musk wrote in a post on X.

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Adyen teams up with Doctolib to improve healthcare payments

The Paypers

Financial technology platform Adyen has entered into a strategic collaboration with Doctolib to provide medical professionals with secure and optimised financial solutions.

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Why a New NCUA’s Rule Could Jolt Credit Union Innovation

The Financial Brand

This article Why a New NCUA’s Rule Could Jolt Credit Union Innovation appeared first on The Financial Brand. The NCUA's proposed rule on succession planning could have a two-pronged effect – putting a chill on mergers while also facilitating the entrance new ideas into the boards that oversee credit unions. This article Why a New NCUA’s Rule Could Jolt Credit Union Innovation appeared first on The Financial Brand.

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Harmoney acquires APPC to deliver unified compliance to financial institutions

The Paypers

Harmoney has announced that it acquired APPC, the Forsides Group KYC and AML subsidiary, to offer financial institutions a comprehensive, all-in-one compliance solution.

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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.