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Valley Bank to be 100% cloud native by 2026

BankInovation

Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. based bank has between 75% and 80% of its operations on the cloud already, Chief Operations Officer Russ Barrett told Bank Automation News. The $61 billion, Morristown, N.J.-based

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UBS to complete Credit Suisse integration by 2026

BankInovation

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition.

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CA to require GHG and climate-risk reporting for companies nationwide

CFPB Monitor

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CA 88
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OCC Highlights, AML & CRA Risks

Perficient

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

Once the FedEx acquisition closes, ShopRunner will operate as a subsidiary of FedEx Services, which provides a range of back-office functions, including IT, communications, technical support, billing and sales and marketing. Customers receive free two-day shipping, free returns, member-exclusive discounts and seamless checkout.

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Driving Payments Innovation With Installments And Automation

PYMNTS

Small and mid-sized businesses (SMBs) can make their operations run smoother by tapping into automated processes, electronic invoices and accounts receivable (AR) tools for digital payments. percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: 16: Minimum amount it costs to manually process a paper invoice. $3B:

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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

The company helps restaurants to deliver food to expecting customers without the costlier parts of operating a dining room or whole store at the same time, which has become necessary amid the pandemic. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.

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