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The bank plans to hire 75 community managers by 2030 to serve areas with limited banking access
Five-year community benefit plan will improve access to credit and affordable housing
Artificial intelligence (AI) and complex algorithms have become integral in credit decision-making processes
$12.8 billion, representing 26% of the total investment portfolio, is managed by firms owned by minorities, women, or persons with disabilities
The proposals will impact the relationship between large banks and minority depository institutions, says the association
New research from the New York Fed shows CDFI assets in excess of $450 billion
First Independence Bank has linked up with fintech Lendistry to offer alternative financing options
Viewed as a critical component of the roadmap to driving economic mobility and financial access for those most in need
SEC is right to demand better disclosures around staffing and worker welfare, say impact campaigners
The PRI has convened asset managers to engage with corporates on human rights issues
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Optimizing Payment Rails:
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Financial institutions are under pressure to deliver faster, more cost-effective, and user-friendly payment solutions. Smart routing and multi-rail optimization have emerged as key strategies to streamline payment processes and enhance the customer experience.

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