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Banks mull common framework on hearing borrowers before fraud tag

CFO News

A committee will be set up soon to draw up the framework, said the people cited above. It will detail the process of approaching borrowers, the documents to be submitted and reports to be given to them, along with timelines and the course of action.

Banking 52
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Securing the remote workforce: a CFO perspective

Future CFO

Such phishing emails usually direct the victim to a fake website to steal sensitive data such as login credentials and banking details. In some of the phishing attempts that we’ve seen, the targeted recipients are from finance departments who were asked to ‘open and review’ an invoice by clicking a link.

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The Data Dive: The Week In Reversals, Rewards And Rebuffing Warren Buffett

PYMNTS

The move to open access, according to sources, started with Apple adding the Core NFC framework, which allows apps to use the NFC chip as a scanner for RFID tags, although that feature was very limited. According to reports, the bank ended up handing out so many perks that it caused a $200 million to $300 million hit to its earnings.

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The Difference Makers: Key Person(s) Valuation

Musings on Markets

We will then follow up with a framework for thinking about how key people can affect the value of a business, with practical suggestions on valuing and pricing key people. In businesses like banking, consulting or the law, rainmakers can represent a significant portion of value, and their departure can be not just damaging but catastrophic.

Valuation 113
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Mastercard, Finicity and Standardizing Open Banking’s Data Flow

PYMNTS

While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. The move is designed to strengthen Mastercard’s push into open banking in the U.S., And upon bringing some of the same solutions that have been a hallmark of Mastercard’s already extant open banking offerings in Europe to the U.S.,

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

JOHNSON: And then I moved into, we had a bank at the time, and I moved into running part of the bank. RITHOLTZ: So Franklin obviously divests out of the banking business, the credit card business, the auto financing business. The requirements for asset managers to have a bank were such that it would inhibit us a bit.

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Unifund On The Hidden Side Of Financial Insecurity

PYMNTS

What consumers often lack, he noted, is a framework to help manage those short-term priorities, so they can make better long-term decisions by balancing out their priorities. The study shows that consumers both trust banks – and don’t. Better Financial Education. That’s a very powerful starting point.