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What is Shadow Banking? And Why Should You Know About It?

Fico Collections

The report – Americans’ Shadow Financial Lives: The Mobile Apps Banks Don’t Know They Use – found that U.S. financial services customers are increasingly engaged in behaviors and relationships that are deeply meaningful and are not on the radar screens of their incumbent providers. The Emergence of Shadow Financial Lives.

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Meet Our 2023 FICO Decisions Awards Judges

Fico Collections

They have been chosen because of their unique knowledge and extensive expertise across financial services, technology, business, engineering and science. Martin Elliott has more than 18 years of lending strategy and product management experience in banking and financial services. Martin Elliott, BNZ (previous winner).

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements.

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SEC Joins FTC in Voicing Concerns Over AI as Risk of Regulation Looms

Collection Industry News

Behavioral nudges may not necessarily fall under this category, but it shows the high degree of scrutiny that this type of practice will face. . Read More: AI in Financial Services in 2022: US, EU and UK Regulation .

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Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

Consumers continue to feel the squeeze as prices rose in all major market categories. Further rate hikes are expected as Canada’s government tries to combat inflation. These market pressures are further exacerbated by the Russian invasion of Ukraine as it continues to impact the prices of energy and commodities.

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

Fico Collections

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. What can financial institutions learn from TikTok?

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Tackling the Fintech Threat: A Guide for Banks and Credit Unions

Fico Collections

billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Fri, 08/19/2022 - 15:30. As FinTech funding rises to new record levels – $131.5 After all, FinTech isn’t some monolithic force consuming banking (though it’s sometimes discussed that way).