Sat.Nov 23, 2024 - Fri.Nov 29, 2024

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Remember the global financial crisis? Well, high-risk securities are back

TheGuardian

The shadow banking sector is trying its hand at trading in debt-based products such as collateralised loan obligations When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short , she did more to educate the general population about the risks of securitisation than most financial experts. The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing cache of risky sub-

Security 111
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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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Trending Sources

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Contactless Payments Go Mainstream

ATM Marketplace

Contactless payment technology has become a critical tool for both consumers and businesses in today’s digitally driven economy. As convenience, speed, and safety become increasingly prioritized, the technology allows transactions to be completed with a simple tap or wave, eliminating the need for physical cash or card swipes.

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Stripe to acquire shares in tender offer at USD 70 billion valuation

The Paypers

Stripe, a US-based payment processing company, has announced its intention to purchase back its shares at a nearly USD 70 billion valuation.

US 74
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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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TBC Bank Uzbekistan secures USD 10 million from EBRD

The Paypers

TBC Bank Uzbekistan , a mobile-only bank, has announced that it obtained a USD 10 million loan from the European Bank for Reconstruction and Development ( EBRD ).

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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.

Tampa 137
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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 113
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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 111
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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 369
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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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End-to-end cash management meets modern banking needs

ATM Marketplace

There is a great need for banks to optimize processes to keep cash relevant and cost effective, but also ensure that it fits within the wider payments landscape

Meeting 90
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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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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 101
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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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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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The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

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Tech-driven efficiency is not the proper goal for branch banking

American Banker

As the banking industry becomes increasingly technology-dependent, wise bank leaders recognize that a bank is not solely defined by its buildings, technology or pricing. It is human connections that truly set a bank apart.

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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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Push payment scam losses to surpass $3B by 2028: report

Payments Dive

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

Report 221
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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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Where's cash headed in 2025?

ATM Marketplace

Where is cash headed in the 2025? What about ATM usage and recyclers?

ATM 107
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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 88
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Brat banking: Charli xcx takes the stage in Revolut’s push to cleanse its image

TheGuardian

Two-day bash in London was part of ‘lifestyle brand’ push to snare younger customers Thousands of bank customers braved the wind and rain of Storm Bert on Saturday night, forming queues that snaked through the streets surrounding London’s Tottenham Court Road station. But this was no bank run. In fact, there was not a bank branch in sight. Continue reading.

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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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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.

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The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

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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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Fidelity partners with Maybank to launch multi-asset fund in Malaysia

The Paypers

Asset manager Fidelity International has announced a partnership with Maybank to launch the MAMG Alpha Capital & Income Opportunities fund, a multi-asset fund in Malaysia.

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Weathering the storm: the economic impact of floods and the role of adaptation

BankUnderground

Rebecca Mari and Matteo Ficarra. Floods are the most costly natural disaster in Europe. In the UK, they account for around GBP1.4 billion in annual losses. Yet, evidence on the macroeconomic implications is inconclusive. GDP often shows a puzzling delayed response , and prices can be pushed in opposite directions. Using a novel county level data set for England for the years 1998–2021, we estimate the impact of flooding on output and inflation at the sector level.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se