TheGuardian

NOVEMBER 24, 2023

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze More than 2,500 jobs are at risk at Lloyds Banking Group, which is poised to become the latest financial institution to announce cost cuts, the Guardian can reveal. Britain’s largest high street lender is understood to be considering axing a series of middle-management roles including analyst and product management posts as part of a consultation that is expected to be shar

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Groups Management 106

The Paypers

NOVEMBER 24, 2023

Germany-based Allianz has filed a lawsuit against Revolut for GBP 10.4 million, alleging that the neobank broke its obligations over a travel insurance deal.

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TheGuardian

NOVEMBER 24, 2023

Consumers report problems on one of busiest shopping days of year, Black Friday Thousands of HSBC customers have reported that they have been unable to access its online and mobile banking services on one of the busiest online shopping days of the year as consumers swoop on Black Friday retail deals. More than 4,000 customers have reported that they have been unable to access their accounts via the HSBC app on Friday, according to Downdetector, which tracks and collates website outages and compl

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The Paypers

NOVEMBER 24, 2023

Cryptocurrency exchange company Bitvavo has received approval as a Digital Asset Service Provider from the French AMF , to expand its services in the market.

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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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TheGuardian

NOVEMBER 24, 2023

Shake-up expected to affect mainly back office roles in departments such as compliance, HR and legal Barclays is reportedly working on plans to cut up to 2,000 jobs in a £1bn cost-cutting drive, weeks after the bank’s bosses warned of the need to restructure to boost profits and dividend payments to shareholders. The shake-up is expected to affect mainly back office jobs in departments such as compliance, human resources and legal, according to a source cited by Reuters.

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TheGuardian

NOVEMBER 24, 2023

Shake-up will mean people can pay into more than one Isa of the same type, but experts say £20,000 limit should also rise Getting the best out of Isas should become easier for UK savers after the government announced a shake-up that will let them hop on to higher-paying accounts if they become available. The autumn statement documents revealed ministers are making a series of changes to “simplify” Isas.

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System 70

The Paypers

NOVEMBER 24, 2023

Lithuania-based regtech AMLYZE has entered a strategic partnership with Plumery aiming to improve the landscape of financial technology.

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Financial Technology Technology 45

The Financial Brand

NOVEMBER 24, 2023

This article How to Use AI to Remove Financial Friction for Persons with Disabilities appeared first on The Financial Brand. Many banks' digital offerings remain challenging or inaccessible to the disabled. How AI can help fix that. This article How to Use AI to Remove Financial Friction for Persons with Disabilities appeared first on The Financial Brand.

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How To Branding Customer Experience 38

The Paypers

NOVEMBER 24, 2023

South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.

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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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American Banker

NOVEMBER 24, 2023

A national interest rate cap of 36% would protect consumers from predatory practices that exploit their desperation and would level the playing field with responsible lenders who offer fair and transparent products.

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National Policies Cards Lending 28

The Paypers

NOVEMBER 24, 2023

Norway-based card manufacturer IDEX Biometrics has received an initial order for IDEX Pay from a partner in Asia who will deploy biometric metal payment card for its clients world-wide.

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Cards Security Payments 36

American Banker

NOVEMBER 24, 2023

In Canada and the U.K., borrowers can take mortgages with them from home to home. Some say this feature could unlock the U.S. housing market, but others say it would be more trouble than it's worth.

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The Paypers

NOVEMBER 24, 2023

Payments company Magnati has entered a collaboration with Sheikh Shakhbout Medical City (SSMC) to provide improved healthcare payment methods.

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Payments Company 41

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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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The Paypers

NOVEMBER 24, 2023

Turkey-based BBVA ’s franchise has announced its strategic commitment to enhance customer accessibility by extending remote banking services to corporate clients.

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The Paypers

NOVEMBER 24, 2023

The European Banking Authority (EBA) has launched a public consultation to explore new Guidelines for the prevention of money laundering.

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Guidelines 41

The Paypers

NOVEMBER 24, 2023

Ireland-based unified payments platform NomuPay has announced its acquisition of the UK-based payment services provider Total Processing.

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Payments 41

The Paypers

NOVEMBER 24, 2023

US-based neobank iPeakoin has raised nearly USD 10 million in a Series A funding round led by China-based venture capital firm ZhenFund.

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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.

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The Paypers

NOVEMBER 24, 2023

AI-powered payments network and shopping assistant Klarna has been authorised by the FCA to provide credit services and regulated payments in the region of the UK.

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The Paypers

NOVEMBER 24, 2023

The US Securities and Exchange Commission has charged crypto exchange Kraken with operating as an unregistered securities exchange.

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Operations Security US 41

The Paypers

NOVEMBER 24, 2023

Germany-based Allianz has filed a lawsuit against Revolut for GBP 10.4 million, alleging that the neobank broke its obligations over a travel insurance deal.

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The Paypers

NOVEMBER 24, 2023

Austria-based Raiffeisen Bank has announced that it will start rolling out cryptocurrency trading services to retail customers by the end of January 2024.

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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

Lending

The Paypers

NOVEMBER 24, 2023

The European Payments Council (EPC) has published the default remuneration model for the SEPA Payment Account Access scheme.

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Payments 41

The Paypers

NOVEMBER 24, 2023

Virgin Money announced its plan to buy back a further GBP 150 million of its shares in order to boost the development process of its overall business.

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The Paypers

NOVEMBER 24, 2023

Philippines-based UnionBank has introduced biometric verification through voice recognition to stem fraud.

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Fraud 41

The Paypers

NOVEMBER 24, 2023

Nigeria-based fintech, FrontEdge , has raised USD 10 million in a debt and equity seed round led by lead investor, TLG Capital.

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Capital Fintech 36

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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