A summary measure for UK households’ resilience – Bank Underground

A summary measure for UK households’ resilience – Bank Underground

Vania Esady and Stephen Burgess A summary measure for UK households’ resilience High levels of household debt have been shown to amplify recessions. For example, in the global financial crisis (GFC), UK households with more debt tended to cut back their spending disproportionately, amplifying aggregate demand effects and potentially making the recession worse. High levels…

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Grasshopper reduces manual reviews with Alloy risk solution

Grasshopper reduces manual reviews with Alloy risk solution

Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech Alloy’s risk-management solution.   The bank implemented Alloy’s Identity Risk Solution in March 2022. At the time, 20% of its applications were reviewed manually to monitor for fraud, Lauren McCollom, head of embedded finance at Grasshopper, told Bank Automation News.  With Alloy’s…

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DWP To Check Bank Accounts

DWP To Check Bank Accounts

The Department for Work and Pensions (DWP) oversees benefits and pensions in the UK. As part of their oversight and to check if the correct amount of funds are being sent to individuals and prevent fraud, the DWP can and do run checks on bank accounts. While this process worries some, understanding the reasons behind…

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Making Smart Investments with Union Bank

Making Smart Investments with Union Bank

Union Bank February 7, 2024 Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform, we’re introducing an easy-to-use digital investment app. You can start investing with as…

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A simple model of the effects of entity and activity constraints on alternative investment funds – Bank Underground

A simple model of the effects of entity and activity constraints on alternative investment funds – Bank Underground

Leo Fernandes, Harkeerit Kalsi, Nicholas Vause, Matthew Downer, Sarah Ek and Sebastian Maxted Hedge funds and other alternative investment funds (AIFs) often take positions in financial markets that significantly exceed their investors’ capital by using debt or derivatives. However, such ‘leverage’ can pose risks to financial stability. Regulators seeking to reduce these risks may consider…

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