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A Decade On, Lending Transformed By Crisis And Innovation

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And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. Invention can become necessity.

Lending 148
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Key Innovations Boosting Corporate Banking Revenues

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The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

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Smartwatch And AI Startup Mobvoi Close To $1B Valuation With Google’s Help

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Mobvoi, a China-based artificial intelligence (AI) startup, has almost secured funding to value the company at upwards of $1 billion before an initial public offering, according to a report by Bloomberg. Mobvoi was Google’s first direct China investment following the exit of its search engine from the country in 2010.

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A Debit-Enabled Fix To In-Store Checkout Abandonment

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Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Deep Dive: How Card Networks Must Compete For Merchants’ Debit Routing.

Cards 165
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Ten Years Of Payments Innovation And Reinvention

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However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points.

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Mastercard Selects New President For European Operations

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Barnett said in a statement on Monday (May 4) that Mastercard in Europe is a unique locale in that it is “the only true multi-rail payments technology company in Europe,” which puts it in a solid position to offer “simple and secure ways to pay and get paid.”.

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What Payments Innovators Can Learn From Monkeys

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It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. In 2010, two researchers at MIT’s McGovern Institute for Brain Research published a paper that shed new light on how the brain makes decisions to stick with or change routine behaviors. Here’s why.