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Payoneer tees up Webster Bank exec for CFO

CFO Dive

Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after the current CFO Michael Levine steps away from the role

CFO 217
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Open Banking - What's In It For Banks?

FISPAN

Open Banking is no longer just an industry buzzword. From greater customer engagement to customer retention, find out the top open banking advantages for banks. Open Banking Future of Banking

Banking 68
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A Finance Primer on the New Payments Ecosystem

Bank of the West

The environment, combined with technologies like Application Programming Interfaces (APIs), is pushing banks and payment service providers to evaluate their roles and to adopt a more collaborative mindset. Banking & Finance Treasury Solutions Technology Fintech Payments Treasury Banking

Finance 83
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What the Surge in Real-Time Collections Means for Treasurers

Bank of the West

” These real-time collection platforms trigger payments from bank accounts for collections. Unlike an instant direct debit, companies that request payments can pull funds directly from the customer’s bank account with due authorization.

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In the US, Progress on Real-Time Payments Accelerates

Bank of the West

Dozens of apps today offer real-time payments between bank accounts or digital wallets—if you’re a consumer. The methods in the US to transfer funds among banks, include: Payment Method. Bank-initiated transfer using a fee-based network, such as SWIFT or Fedwire.

B2B 82
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How Banks Can Prepare for Open Banking Success

FISPAN

How banks can embrace open banking technology and get ahead of their competitors by using APIs, investing in embedded banking, and understanding their customer journey. Open Banking

Banking 73
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Bank Single Gateway for efficient connectivity

Simply Treasury

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. True bank connectivity. Bank Single Gateway: how it works?

Treasury 141
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Life-centric banking with an analytics edge

McKinsey Public & Social Sector Insights

Bank Jago’s Peterjan van Nieuwenhuizen explains the value a life-centric banking approach has for AI banks. Insights on Financial Services Banking Asia-Pacific Artificial Intelligence Leadership Innovation

Banking 84
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African banking: The productivity opportunity

McKinsey Public & Social Sector Insights

African banks can increase their productivity to enhance competitiveness, build resilience, and deliver new value to customers—even in the face of a tightening global business environment. Insights on Financial Services Banking Africa

Banking 97
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How Embedded Banking Drives Better Lending Decisions

FISPAN

open banking FinTech APIs ERP Embedded Banking

Banking 71
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Reshaping retail banks: Enhancing banking for the next digital age

McKinsey Public & Social Sector Insights

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

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Three Years On, Open Banking Broadens For Business Banking

PYMNTS

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. where there is no open banking regulatory mandate.

Banking 112
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How to Choose the Right Banking Relationship

CFO Simplified

Business owners should also evaluate their banking relationship, as this can have a profound impact on their ability to execute that strategic plan. How do you choose the right banking relationship for your business? The banking industry continues to evolve.

Banking 75
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The future of banks: A $20 trillion breakup opportunity

McKinsey Public & Social Sector Insights

Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life. Insights on Financial Services Banking

Banking 113
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Bank of England Is Latest Central Bank to Raise Rates Following Fed Increase

CFO News Room

LONDON—Central banks and governments around the world moved to increase interest rates or support their currencies after the Federal Reserve raised rates and signaled that they would remain high for some time, giving fresh impetus to an already strong dollar. The Bank of England was the latest to adjust rates higher, raising its key interest rate for the seventh consecutive time Thursday.

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The First Central Bank Casualty

CFO News Room

The Bank of England’s decision Wednesday to buy British bonds is being portrayed as a rebuke to new Prime Minister Liz Truss’s economic program, and BOE Governor Andrew Bailey may have meant it to be. Investors are cheering their success in coaxing the Bank of England back into the market to underwrite bond prices.

Banking 100
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Transparency in Cross-Border Payments Through SWIFT gpi

Bank of the West

For corporate clients and their banks, managing cross-border payments has often been cumbersome and opaque. The post Transparency in Cross-Border Payments Through SWIFT gpi appeared first on Commercial Banking Perspectives.

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Japan: Regional Bank M&A On The Rise

Global Finance

While the decline of regional banks in Japan can be traced as far back as the mid-1980s and 1990s, led mainly by a series of bankruptcies up until around 2003, the precipitous drop since the mid-1990s has been mainly due to mergers and acquisitions

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

This week’s look at the latest in bank-FinTech collaboration includes new partnerships in Australia, South Africa, India, Pakistan and across Europe, with many FIs bolstering the foundations of their SMB-serving infrastructures. National Australia Bank Chooses Eedenbull.

Banking 108
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West Virginia vs. Political Banks

CFO News Room

Morgan Chase, Morgan Stanley and Goldman Sachs could be excluded from new state banking contracts. State legislation enacted this year authorizes the treasurer to require financial institutions to certify they are not “engaged in a boycott of energy companies” to win a future banking contract. Financial institutions may have hoped for political credit from the climate left by blacklisting fossil fuels, but their boycotts haven’t been without cost for states and society.

Banking 100
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Have Central Bank Interventions Repriced Corporate Credit? Part 3

CFA Institute

Economics Fixed Income Risk Management central banks Coronavirus corporate bonds European Central Bank fixed income Have Central Bank Interventions Repriced Corporate Credit Inflation Quantitative Easing risk management US Federal Reserve

Banking 69
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What’s the Difference: Open Banking, Open Finance & Embedded Finance

FISPAN

open banking Embedded Banking open financeTomayto or Tomahto?

Finance 68
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Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. The bank will also have access to FusionFabric.cloud, its developer platform and marketplace, to integrate pre-built solutions into its own offering. Five Star Bank Taps Corserv Card Tech.

Banking 81
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Smearing a Latin Bank Reformer

CFO News Room

Now an unsubstantiated—and perhaps politically motivated—allegation against a female employee of the Inter-American Development Bank in Washington and her boss gives the U.S. At issue is an anonymous March 29 email sent to the members of the bank’s “organization, human resources and board matters committee.” Ethics violations inside the bank are serious. But it cited unnamed sources who said bank directors met with lawyers to talk about its contents. of bank ownership.”

Banking 100
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Central bank digital currencies: An active role for commercial banks

McKinsey Public & Social Sector Insights

With central banks increasingly exploring central bank digital currencies (CBDCs), now is the time for commercial banks to establish their role in a fast-changing landscape.

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What Open Banking Actually Means For Your Bank

FISPAN

open banking customer experience APIsTable of Contents.

Banking 66
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State Street looks to reduce bank spend, increase digital transformation

CFO Dive

To navigate a “constantly changing” macro-economic environment, State Street is focusing on reducing its day to day technology spend in favor of more strategic operational investments in AI, automation and like technologies, according to its CIO and CFO

CFO 228
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Bank of Mexico Lifts Interest Rates for Seventh Time

CFO News Room

The Bank of Mexico raised interest rates for a seventh consecutive time Thursday, citing higher inflation expectations, the tightening of global monetary conditions, and uncertainty stemming from the Ukraine conflict.

Banking 130
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A digital approach to SME banking

McKinsey Public & Social Sector Insights

Small and medium-size enterprises are a clear growth opportunity for banks in a difficult environment. A digital-first approach with a personal touch can help banks crack the code of this historically overlooked segment. Insights on Financial Services Banking

Banking 93
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SMB Banking-as-a-Service Ushers In Bank-FinTech Collaboration

PYMNTS

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Prime Trust Debuts Fractional Assets Platform For Banks. Wise Raises Funding For Embedded Biz Banking.

Banking 86
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Demystifying Open Banking: The Inevitable Future For Your Bank

FISPAN

Now more than ever, banks have a myriad of digital opportunities to explore a better banking future. One of the most popular use cases is the newly-found ease of opening bank accounts.

Banking 64
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ERP Banking: What You Need To Know

FISPAN

FinTech Embedded BankingERP systems include many different components, yet continuously fails to include one critical piece: financial payments.

Banking 74
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How CFOs Can Confront Climate Risk

Bank of the West

Through the Means & Matters content hub, Bank of the West explores how global sustainability is being achieved through choices in lifestyle, business, innovation, and leadership. The post How CFOs Can Confront Climate Risk appeared first on Commercial Banking Perspectives.

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Fed Official Says Central Bank Must Contain Inflation

CFO News Room

A Federal Reserve official said that the central bank is committed to bringing inflation down by reducing demand for goods and services and that it is possible to slow price growth without pushing the economy into a recession.

Banking 130
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How Open Banking Benefits Customers

FISPAN

Through customer-permissioned data sharing, central interfaces and the emergence of the consumer data right, consumers are the main beneficiaries of Open Banking. open banking customer experience

Banking 68