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The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.
July 29
Bank of St. Elizabeth -
Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock than their European counterparts.
July 29 -
Banks and fintechs such as payment apps depend on one another a lot more than their marketing messaging would lead you believe. The question is no longer whether they can partner, but how they can work together to optimize those synergies for one another, writes Flywire's Mike Massaro.
July 29
Flywire -
Regulators should proceed with removing one of the margin requirements for trading swaps.
July 26
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One credit union's launch of a financial wellness app aims to utilize behavioral research to better resonate with how consumers today use mobile applications.
July 26
WSECU -
“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.
July 26 -
A traditional rules-based fraud system will not be capable of detecting synthetic identity fraud. A combination of supervised and unsupervised machine learning algorithms must be implemented to process the data necessary to effectively segment good and bad identities, says Steven D'Alfonso, research director at IDC Financial Insights.
July 26
IDC Financial Insights -
Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.
July 25
The Clearing House -
The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure.
July 25 -
Smart rulemaking starts with consolidating multiple agencies into one body with a clear mandate.
July 25
GNC Holdings Inc.



