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Open Banking Platfom Tink Acquires Eurobits

PYMNTS

Eurobits, the release states, works with banks and FinTech companies like BBVA, Santander, Sabadell and Fintonic, and the new partnership will give Tink more room to grow in Europe. Eurobits, founded in 2004 with headquarters in Madrid, works in connectivity and has operated with many banks and institutions in the past.

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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. Ant Group was launched in 2014 to provide global financial services.

Groups 175
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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

San Jose 199
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Community Banks Embrace Faster Payments’ Competitive Edge

PYMNTS

Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. has dropped from 8,000 in 2004 to about 5,400 in 2018.

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Why Authentication And Real-Time Tracking Are Key To API Security

PYMNTS

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. You see a lot of [new] FinTech companies and digital-only banks that are fully API-based,” he said.

Security 151
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How ISO 20022 Can Boost Interoperability, Intelligence

PYMNTS

Payments are getting faster, safer and smarter, as players ranging from established FIs to FinTechs work to move money in better ways than they did before. Old or new, traditional FIs share a common problem: They still rely on legacy infrastructure, but digital-native FinTechs do not.

System 100
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Whodini Uses Beacons to Help Merchants Engage with Customers

Fintech Labs Insights

Merchants open the Whodini box, peel-and-stick the Whodini beacon on a wall, set up their online and mobile accounts in five minutes, and they are live and operating. Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms.

Mobile 12