As a reminder, all Q locations will be closed Wednesday, June 19th in observance of Juneteenth. As always, you can bank with us 24/7 via #QOnlineBanking, #QMobileBanking or any #QATM. #QNBTrust #QmmunityBank #Juneteenth
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DFCC bank continues to be a re-inventing and the first to embark strategically to 'Green Financing' there s nothing more rewarding than witnessing corperate interest on enhancing stakeholder capitalism & value creation than merely polarising on profitability which is short lived. This puts DFCC miles a head of others & brings in new dynamizm to banking. Leading from the front. This serves as an example that you still can win 🏆 without polarizing merely on profits.
DFCC Bank has launched Digital Onboarding, allowing customers to open accounts online and access services seamlessly without manual processes. Open to individuals with valid NIC or EIC, including teenagers, it offers 24/7 access and features like application status tracking, LKR and FCY accounts, and live agent support. Read more: https://lnkd.in/ghy38Aee #DFCCBank #BankForEveryone #KeepGrowing #DigitalOnboarding
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𝐒𝐄𝐏𝐀 𝐈𝐧𝐬𝐭 𝐌𝐚𝐧𝐝𝐚𝐭𝐞 𝐑𝐚𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 – 𝐍𝐞𝐱𝐭 𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐌𝐞𝐞𝐭 𝐭𝐡𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 The recording is now available for you to watch. Dive in here: https://bit.ly/49Nifk3 Listen to guidance from Diederik Bruggink from WSBI-ESBG and advisory board member to the European Payments Council (EPC), Jessica Ramos from EBA CLEARING, Uwe Klatt from GEVA Group, Frederic Viard from Bottomline and Mélisande Mual from The Paypers as they unpack the latest #SEPAInst timelines and help the 20% of #banks and #financialinstitutions who consider lack of clarity on the requirements for #verificationofPayee as the most significant barrier to the adoption of #instantpayments. 𝐊𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: Meeting SEPA Inst timelines poses various considerations and challenges. Addressing these is crucial for success: · Financial institutions must prioritise regulatory compliance · Invest in technology and infrastructure · Enhance fraud prevention measures · Foster collaboration to successfully transition to SEPA Instant Credit Transfers · Meet the evolving needs of customers in the digital age. Register now to watch the recording and catch up on the valuable insights: https://bit.ly/49Nifk3 #realtimepayments #sanctionsscreening #prevalidation #fraudprevention
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Are you attending #EBAday this year? Join us in session room 5A for an exclusive update on our ongoing activities. We've got two formats: ✅ If you want to know what we and our user community are up to, visit one of our side sessions. EBA CLEARING and the Euro Banking Association (EBA) provide updates on the deliverables they are taking forward with their member/user community. In each session, we have bank representatives who explain why they support these activities: Sergio A. Dalla Riva and Christof Hofmann will discuss the value of collaborative deliverables, such as FPAD and the EBA Fraud Taxonomy, for the fight against fraud. Jan Paul Van Pul and Frantz Teissèdre will zoom in on first findings from the EBA's cross-border payments survey and their take on RT1's OCT Inst Service and the IXB initiative. Michele Olin and Niklas Lemberg will talk about instant payments and how EBA and EBA CLEARING can help with the challenges and opportunities around the Instant Payments Regulation. Simone Loefgen, Lirka Bibezic and Carmen Almazán Aguilar will share their lessons learnt from the R2P proof of concept and discuss next steps. ✅ If you want to know how to benefit from our RT1 and EURO1 Systems, visit our operational sessions. We are going to explain the nuts and bolts of the two systems: what are the key features, what are the benefits and how can you optimise your set-up. We hope to see you there! #fraudfighting #crossborderpayments #instantpayments #requesttopay
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Fintech, Anti-Money Laundering, and Consumer Protection. Government investigations. Compliance and Enforcement.
ICYMI, the CFPB issued its final "Nonbank Registry" rule on Monday. https://lnkd.in/eH7M7bfq Covered nonbanks must register a broad range of federal, state, or local actions they may have been subject to since 2017 and going forward (procedures TBD). Why? The Bureau will use this information to assess compliance with these orders. It will monitor for risks and develop new rules related to consumer financial products and services. It will use this information in its oversight of the nonbanks now subject to its supervision. 👮♂️ And generally be the "cop on the beat" it always wanted to be. #fintech #consumerprotectioncompliance
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The end of the CBPR+ migration is getting closer and there is still a lot of work carved out for the full Swift community. #ISO20022’s richer and more structured data is the foundation of a new generation of services for banks, corporates, and consumers. Swift’s Nicolas Stuckens looks at 5 reasons you should adopt ISO 20022 now: 👉 https://okt.to/wTGKay With thanks to Paula Roels, Cathy Newcombe, Dougal Middleton, Ross Jones and Jeremy McDougall. #data #payments
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🚨We live in a world where BILLIONS of people are struggling to get basic financial services like loans or even something as essential as opening a bank account simply because they lack traditional "proper" documentation. Introducing Circular Financial Identity (CFI) - a solution that directly addresses this issue. At its core, CFI is based on the principles of self-sovereign identity, privacy, data decentralization, data minimization, and consent. This encompasses a holistic and self-sovereign view of an individual's financial life, going beyond just credit scores and payment histories maintained by third-party institutions. Curious to learn more about CFI? https://lnkd.in/gUxgg2vs #banking #CFI #financialinclusion #Web3 #kyc
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Helping retail banks to digitize and reimagine their core services by delivering composable cloud and SaaS solutions for Core Banking, Open Banking, Payments, Compliance and Lending.
During today's "Instant Payments: are you ready?" event, hosted by the ABBL (the Luxembourg Banking Association) and the BCL (Central Bank of Luxembourg), a BCL survey among Luxembourg banks was presented with some food-for-thought results: close to 50% of respondents do not plan to offer instant payments, and of the banks that do intend to implement instant payments, less then 50% is planning to do so within the regulatory deadline. And the first deadline is approaching fast: end of November 2024 banks need to be ready for receiving instant payments. Are you ready? #ABBL #instantpayments #BCL #regulatorycompliance Ananda Kautz Pierre Thissen
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🏁 The Importance of Building a #CircularFinancialIdentity In today's digital age, financial transactions have become increasingly complex, with various intermediaries and third-party institutions. While these institutions play a crucial role in facilitating financial services, they often lack a holistic view of an individual's financial life, leading to potential biases and exclusion. This is where the concept of a Circular Financial Identity (#CFI) comes into play, offering a #selfsovereign and comprehensive approach to managing one's financial identity. Built on #Cardano protocol, Defy's CFI infrastructure allows users to selectively share personal and financial information with financial institutions, helping the latter to paint a more accurate and inclusive picture of an individual's financial capabilities and #creditworthiness. In other words, Defy's CFI infrastructure facilitates the development of new financial products and services tailored to individual needs and preferences, and fosters #RealFi #innovation within the financial sector. Cardano Foundation │ Universal ID Council │ WIN - World Identity Network #DiD #SelfSovereignIdentity #FinancialInclusion #Defiant4Good
🚨We live in a world where BILLIONS of people are struggling to get basic financial services like loans or even something as essential as opening a bank account simply because they lack traditional "proper" documentation. Introducing Circular Financial Identity (CFI) - a solution that directly addresses this issue. At its core, CFI is based on the principles of self-sovereign identity, privacy, data decentralization, data minimization, and consent. This encompasses a holistic and self-sovereign view of an individual's financial life, going beyond just credit scores and payment histories maintained by third-party institutions. Curious to learn more about CFI? https://lnkd.in/gUxgg2vs #banking #CFI #financialinclusion #Web3 #kyc
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According to documents obtained by ABN News, this happened during computerized processing, where the amount was incorrectly increased from 12 lakhs to 12 million. Surprisingly, the wrong amount was still paid out. Read more: https://lnkd.in/dAz_j65j #FraudCase #AlliedBank #scam #bankingnews
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Blockchain Developer & UI/UX Designer | Solidity, Ethereum, IPFS, NFT | React JS | Crafting seamless experiences | Crypto Analyst | SEO & Digital Marketing Enthusiast
Day 2 of #100DaysOfDefi Learning Problems with Centralized Finance (CeFi) CeFi, often associated with traditional banking, has its share of drawbacks. Here are five key problems: -> Centralized Control: CeFi relies on a central authority, like banks, to manage your money. This centralization can lead to issues like censorship and a lack of control over your own funds. -> Limited Access: Not everyone has access to CeFi services due to geographical restrictions or stringent requirements. Financial exclusion remains a significant concern. -> Inefficiency: CeFi processes can be slow and involve multiple intermediaries, leading to higher costs and delays in transactions. -> Lack of Interoperability: Different CeFi platforms often don't communicate well with each other. This lack of interoperability can make financial interactions cumbersome. -> Opacity: CeFi systems are not always transparent, making it challenging to understand how decisions are made and how funds are managed. #FinanceRevolution #CeFi #CentralizedFinance #FinancialChallenges
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