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AI Regulations for Financial Services: US Treasury Department

Perficient

In November 2022, the Treasury Department explored opportunities and risks related to the use of AI in its report assessing the impact of new entrant non-bank firms on competition in consumer finance markets, for which the department conducted extensive outreach.

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Congress members egg on US payments system expansion

Payments Dive

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

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Deposit Profitability – The Operating Cost of Your Deposits

South State Correspondent

A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). This is true between banks and within a bank, as certain accounts, such as those owned by non-US citizens, can have wildly higher costs. This is a tactical mistake. Interest Cost.

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Go Where No Operations Department Has Gone Before – Instant Settlement

Perficient

Meanwhile, with both normal and extended settlement, initial and variation margins flow in and out of the bank as if the cash was on the Transporter that search parties used to go down and return to planets in Star Trek. The front office is screaming down to the Settlement Office, “Operations, we need more capital!”

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Unique Challenges in the C&I Market Bridging the Gap from Attorneys to Tech

Speaker: Ren Hayhurst, Sr. Counsel and Executive Director

Learn how to bridge the gap between technology and attorneys to enhance operational efficiency. Join us now and unlock actionable strategies to navigate today's C&I lending landscape successfully. Experience our game-changing C&IDocs™ demo, showcasing cutting-edge solutions tailored to the C&I lending industry.

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Banked builds a US presence

Payments Dive

and now building up operations in the U.S., The fintech, founded in the U.K. expects its pay-by-bank services for bank clients will eventually lure retailers.

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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans.

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