Accenture

MAY 31, 2023

While central banks are under scrutiny these days thanks to rising interest rates and economic uncertainty, they’ve always played a fundamental role in the modern financial services system. For a closer look at the challenges and opportunities they face amid today’s breakneck pace of digital change, I’m turning my blog over to my colleagues Rohit… The post It’s now or never: Time for central banks to embrace change appeared first on Accenture Banking Blog.

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System Digital Banking Regulation 322

Payments Dive

MAY 31, 2023

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

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Payments Company 307

Perficient

MAY 31, 2023

Open-Source vs. Proprietary Software – What’s the Difference? To thoroughly grasp what open source is, one should understand what it is not. Open source is not restricted by licensing agreements, and the user behind open-source software is not forbidden to change, edit, study, or redistribute manipulated versions of it. Open-source software grants its users a degree of accessibility that is not possible through its proprietary counterpart.

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Software Study User Experience Innovation 251

Payments Dive

MAY 31, 2023

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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South State Correspondent

MAY 31, 2023

It is a dangerous troupe in banking that an omnichannel approach is best. The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Branching, for example, is too expensive to be all things to all people. In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability.

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Data Branch Strategies Strategy Mobile 195

CFPB Monitor

MAY 31, 2023

The plaintiffs in the lawsuit filed in a Texas federal district court challenging the validity of the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act have filed a motion seeking a preliminary injunction. (The final rule was published in today’s Federal Register.) Originally filed last month naming the Texas Bankers Association and Rio Bank, McAllen, Texas as plaintiffs, the complaint was amended this month to add the American Bankers Association as a plaintiff. .

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Texas 78

TheGuardian

MAY 31, 2023

Moody’s report shows weak growth across G20 as central banks move to reduce persistent high inflation Stubbornly high inflation and higher borrowing costs are poised to drive the economies of the UK, Germany and US into recession, the leading rating agency Moody’s has warned. In a downbeat forecast for growth across advanced G20 economies, it said a ramping up of interest rates by central banks on both sides of the Atlantic was expected to weigh on economic growth this year.

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US Report 70

CFPB Monitor

MAY 31, 2023

In its decision last week in Sackett v. Environmental Protection Agency , the U.S. Supreme Court issued a unanimous ruling that severely limits the federal government’s jurisdiction over wetlands and tributaries. Specifically, the Court rejected the Environmental Protection Agency’s (EPA) regulatory definition of what constitutes “Waters of the United States” subject to federal jurisdiction under the Clean Water Act (CWA). .

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United States 78

American Banker

MAY 31, 2023

CEO Bill Rogers says the North Carolina bank is contemplating additional business segment changes to improve its efficiency. Investors have been pushing the company to cut costs at a faster clip.

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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CB Insights

MAY 31, 2023

Leading into 2022, numerous fintech unicorns operating in areas like payment acceptance and BNPL saw their funding, employee headcount, and valuations skyrocket. Among these , BNPL provider Klarna and payments processor Stripe reached valuations of $45.6B and $95B, respectively, in 2021. The market downturn, however, has led to workforce reductions at both companies: Klarna conducted several rounds of layoffs, while Stripe reduced its staff by 14%, citing over-hiring.

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Payments Capital Fintech Operations 68

American Banker

MAY 31, 2023

Banks across the country have had deposit guarantees since 1998. By extending this to credit unions, Ukraine can provide economic stability while also improving its chances of joining the European Union.

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TheGuardian

MAY 31, 2023

Exclusive : Report claims Australia’s shareholdings in development banks has made it responsible for investing $828m in fossil fuel projects over five years Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast Australia’s shareholdings in three international banks – including the World Bank – has seen it responsible for investing $828m in fossil fuel projects between 2016 and 2021, according to a research report.

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Report 66

American Banker

MAY 31, 2023

House Republicans will likely need to gain support from Democrats to get the debt limit deal through a critical vote in the House Wednesday evening.

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Policies 68

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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BankInovation

MAY 31, 2023

Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The company has surpassed $100 million in annual recurring revenue for both its business accounts unit and Empower, its spend management business, according to a statement reviewed by Bloomberg News.

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Regional Fintech Cards Management 52

Realwired Appraisal Management Blog

MAY 31, 2023

Conventional thinking has it that the office market crisis has no bounds and that remote and hybrid work have disrupted tenants’ use of large and small buildings alike.

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Trends Capital Marketing 52

BankInovation

MAY 31, 2023

Fifth Third Bank acquired embedded payments fintech Rize Money last week as the bank looks to enhance its financial product offerings. Terms of the deal were not disclosed. Arlington, Va.-based Rize Money is a platform that allows clients to build, launch and scale financial products through one API connection, according to a Fifth Third release.

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Arlington Fintech Payments 52

The Paypers

MAY 31, 2023

France-based Worldline has entered a new collaboration with HEC Paris and the HEC Foundation to explore the future of payments.

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Payments 69

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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BankInovation

MAY 31, 2023

National Bank of Canada was selective in expense management in the second quarter, specifically in areas of headcount, technology investment and discretionary spending. In Q2, the bank’s tech spend increased 10% year over year to $122 million, according to the bank’s earnings supplement.

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National Innovation Management Technology 52

The Paypers

MAY 31, 2023

South Africa-based Centbee has partnered with blockchain technology company nChain to improve blockchain payment offerings.

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blockchain Technology Payments Company 68

Commercial Lending USA

MAY 31, 2023

Need startup equipment financing but have bad credit? We offer solutions for entrepreneurs to get the funding they need to bring their business to life.

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Lending 52

TheGuardian

MAY 31, 2023

Staley says that he communicated with Jamie Dimon about the convicted sex offender, in a lawsuit against the US banking giant The former JPMorgan Chase executive and ex-Barclays CEO Jes Staley has alleged that he communicated with JP Morgan’s chief executive, Jamie Dimon, about the convicted sex offender Jeffrey Epstein, a contradiction of Dimon’s testimony, in a lawsuit brought by the US Virgin Islands against JP Morgan.

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Virgin Islands Florida US Report 51

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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American Banker

MAY 31, 2023

Nearly two out of three finance chiefs surveyed by Piper Sandler said they were most worried about deposit costs in the aftermath of recent bank closures. Only 7% cited credit quality as their top reason for unease.

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Survey Community Bank Community Lending 50

The Paypers

MAY 31, 2023

The Payments Association EU (PA EU) has launched the 2023 edition of the 'Key Players in the EU Payments Landscape' report, written in collaboration with Deloitte and The Paypers.

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Payments Report 36

American Banker

MAY 31, 2023

Potential uses for banks include risk analysis, investment portfolio construction and financial crime monitoring.

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Analysis Technology 54

The Paypers

MAY 31, 2023

Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC.

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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