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Kalifa to steer creation of new UK Centre for Finance, Innovation and Technology

Kalifa to steer creation of new UK Centre for Finance, Innovation and Technology – Finextra

A steering committee has been established to develop the remit for a new Centre for Finance, Innovation and Technology in the UK. The creation of the CFIT was a key recommendation of the 2021 Kalifa Review of UK Fintech. HM Treasury gave the green light to the project in the 2021 Spending Review, allocating …

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Stonington finance board passes budget that would increase spending but lower mill rate – The Westerly Sun

Editors note: A referendum held April 26 on the proposed budget will include polling from noon to 8 p.m. This version corrects the time of the referendum.  STONINGTON — Adjustments to the proposed budget will allow town officials to move forward with a plan that would create a slight reduction in the mill rate, even …

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Kiplinger's Personal Finance: More relief for some student borrowers – Richmond Times-Dispatch

Navient, one of the largest student loan servicers, will cancel $1.7 billion in private student loans to settle charges that it issued loans to borrowers who couldn’t afford to repay them. Although the settlement impacts only a small percentage of borrowers, a larger group of borrowers may also be eligible to have a portion of …

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Qolo partners with open finance provider MX – Finextra

Qolo, the omnichannel payments platform for fintech, today announced a strategic partnership agreement with MX, the leader in open finance. Qolo and MX provide fast-track solutions to help businesses, particularly neobanks and fintechs, stand up a core mobile banking experience. This allows them to get to market quickly while also future-proofing their growth. Combining …

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Adyen makes embedded finance play – Finextra

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has today announced its expansion beyond payments to build embedded financial products. These products will enable platforms and marketplaces to create tailored financial experiences for their users such as small business owners or individual sellers. The suite of products will allow …

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Hometown Financial Group, Inc. to Acquire Randolph Bancorp, Inc. – GlobeNewswire

EASTHAMPTON and QUINCY, Mass., March 28, 2022 (GLOBE NEWSWIRE) — Hometown Financial Group, Inc. (“Hometown”), the multi-bank holding company for bankESB, bankHometown and Abington Bank, and Randolph Bancorp, Inc. (NASDAQ: RNDB) (“Randolph”), the bank holding company for Envision Bank, jointly announced today that they have entered into a definitive merger agreement pursuant to which Hometown …

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Kiplinger's Personal Finance: Build an inflation hedge around retirement – Richmond Times-Dispatch

Soaring inflation, once a fixture of the 1970s and ’80s, returned with a vengeance in 2021, when prices skyrocketed 7% for the year, the highest in four decades. For retirees, inflation brings two headaches: stretching a fixed income to meet rapidly rising prices and investing a retirement savings portfolio so that it keeps pace with …

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This recession indicator is flashing a warning sign – WREX.com

The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the longer term, spurring interest …

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COOL! REVOLUTIONIZE CUSTOMER EXPERIENCE FOR EMBEDDED FINANCE – Finextra

The Experience age transformation of personal finance The age of experience is deeply transforming markets and will do so even more. More than a decade ago, when I was Chief Marketing Officer at ING, I wrote my book ‘Got EQ? Cool!’ to support my fellow CMO’s with practical approaches to win the hearts and minds …

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