Thu.Nov 28, 2024

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Staying afloat: the impact of flooding on UK firms

BankUnderground

Benjamin Crampton, Rupert-Hu Gilman and Rebecca Mari. With climate change set to increase the frequency and intensity of flooding in the UK , it is important to deepen our understanding of the potential microeconomic impacts that may propagate into the macroeconomy. We integrate firm-level corporate records, with Ordnance Survey business-premise address information and publicly available flood maps to investigate two questions.

CA 115
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The US should look to Brazil as a model for rolling out open banking

American Banker

The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil's success in that area can serve as a useful model.

US 90
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George Osborne collects share of £30m after record profits at City advisory firm

TheGuardian

Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey The former Tory chancellor George Osborne has collected a share of a £30m pay pot after the City advisory firm Robey Warshaw reported record profits. Osborne was one of three partners to share in the sum at the Mayfair-based boutique investment bank, which advises FTSE 100 and US clients on major corporate deals.

US 98
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Court overturns US sanctions against cryptocurrency mixer Tornado Cash

The Paypers

A US appeals court has ruled that the US Treasury Department exceeded its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Racquel Oden's unique path to the top: The Climb

American Banker

Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC , was one of the first in the industry to build an online wealth management platform.

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Five Bank Profitability Challenges and the Strategies to Overcome Them

The Financial Brand

This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand. Some challenges, like the erosion of overdraft revenue, will demand short-term solutions until long-term answers jell. This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand.

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Kraken decides to shut down its NFT Marketplace

The Paypers

Cryptocurrency exchange Kraken has announced the closure of its non-fungible token (NFT) marketplace, a little over a year after its official launch.

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Trump's fintech effect, VyStar tech woes: Top tech news November 2024

American Banker

Items include estimations of President-elect Donald Trump's impact on fintech funding, the fallout from VyStar Credit Union's tech moves and more.

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TBC Bank Uzbekistan secures USD 10 million to expand financial inclusion

The Paypers

TBC Bank Uzbekistan has secured USD 10 million from GGSF via Dutch Impact Investor Triple Jump, aiming to expand financial inclusion and diversify its funding base.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Worldpay launches near-instant refunds to meet consumer expectations

The Paypers

Worldpay has unveiled a new service enabling near-instant refunds for eligible online purchases, a significant step in aligning refund processes with consumer expectations.

Meeting 67
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Reem Finance leverages Temenos for new digital community bank in the UAE

The Paypers

Reem Finance, a UAE-based financial services provider, has selected Temenos' solutions to launch a new digital community bank in the region.

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UK-based investment company introduces Payit by NatWest

The Paypers

Interactive Investor, a UK-based investment platform, has announced a collaboration with NatWest ’s Open Banking payments solution, Payit.

Company 45
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Spendesk introduces its payment institution

The Paypers

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Japanese fintech startup Habitto raises USD 11.7 million in Series A funding round

The Paypers

Japanese fintech startup Habitto has raised USD 11.7 million in a Series A funding round, aimed at supporting the expansion of its digital banking platform.

Fintech 41
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Spendesk introduces its payment institution

The Paypers

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

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GCash launches Bank Cash-In feature for Filipinos in Europe and the UK

The Paypers

GCash , a mobile wallet and financial services platform, has introduced a new Bank Cash In feature to streamline remittances for Filipinos living in Europe and the UK.

Mobile 36
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ADB partners with the Mastercard Impact Fund to support MSMEs

The Paypers

The Asian Development Bank (ADB) and the Mastercard Impact Fund have joined forces to promote financial inclusion for MSMEs in the Asia-Pacific region.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Geidea expands its SoftPOS services into Egypt

The Paypers

Geidea, a provider of digital payment solutions in the Middle East, has introduced its SoftPOS service in Egypt, following a rollout in Saudi Arabia and UAE.

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Quidax OTC incorporates ZAR and ETB

The Paypers

Quidax OTC now has incorporated the South African Rand and Ethiopian Birr currencies, aiming to expand its product portfolio and better serve its clients.

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SimCorp and Deutsche Bank extend their collaboration in Asia Pacific

The Paypers

Financial institution Deutsche Bank has announced that it expanded its partnership with SimCorp , a fintech company, providing its services to clients in Asia Pacific.

Fintech 36
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Deutsche Bank invests in Partior's Series B funding round

The Paypers

Deutsche Bank has joined Partior 's Series B funding round as a strategic investor, contributing to the USD 80 million raised by the blockchain payment network.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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CMA approves the Ziidi Money Market Fund from Safaricom

The Paypers

The Capital Markets Authority has granted approval to Safaricom PLC to establish the Ziidi Money Market Fund as a Collective Investment Scheme (CIS).

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Visa and LianLian Global collaborate to launch Yueda Card

The Paypers

Payment technology company Visa and LianLian Global have announced an expanded partnership with the launch of the Yueda Card.

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Société Générale goes live on CLS's CCS service

The Paypers

Société Générale has gone live on CLS ’s cross-currency swaps service, aiming to leverage the CCS tool in order to improve liquidity and mitigate settlement risk.

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Deutsche Bank partners with Paysafe to support cash in Germany

The Paypers

Deutsche Bank has partnered with Paysafe to introduce a system enabling cash withdrawals and deposits at 12,500 locations across Germany.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.