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Part 1: What is Embedded Finance?

Perficient

Embedded finance is the “embedding” of payment or banking software into non-financial services companies’ operations. Uber is one of the most prominent examples of a company reaping the benefits of the convenience posed through embedded finance experiences. data networks and app developers) to access permissioned data.

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FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Abrigo

Takea way 2 The FedNow Service has features to help prevent fraud from affecting credit unions and members. Takeaway 3 Credit unions seeking to prepare for FedNow transactions can take actions that will put them on track for optimal readiness for fraud across the institution.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. He said it was a natural extension of its global social media business and not an attempt to remove a potential competitor from the marketplace. “It

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FedNow implementation: What fraud and AML professionals need to know

Abrigo

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow? Lesson one.

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Social Media Network Nextdoor Eyes IPO

PYMNTS

a social media network that is something of a combined Facebook, Craigslist and Yelp and whose members connect only with neighbors, is exploring going public, Bloomberg News reported. The San Francisco-based company is eyeing valuations from $4 billion to $5 billion, according to Bloomberg, and has seen its business grow amid COVID-19.

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Expanding Your Loan Trading Network: 4 Lessons from Apple

Jack Henry

In today’s interconnected world, it’s crucial to expand your loan trading network to open doors to new opportunities, collaboration, and resources that can drive growth and success. One company that has excelled in this area is Apple. Successful networking is not a one-sided affair. Start with strong partnerships.

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