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How Federal Debt May Impact Banking

South State Correspondent

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

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Flywire Raises $120M, Acquires Simplee Healthcare Tech Startup

PYMNTS

Tiger Global Management and Adage Capital Management also joined the round as new investors, with participation from existing investors. percent from 2019-2028 and is expected to comprise a $2.5 trillion industry by 2028, according to Boston Consulting Group. Together, the companies will power four of the top 10 U.S.

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The Gig Economy Gets Ready To Scale

PYMNTS

New laws like California’s Assembly Bill 5 (AB5) and many others have also created new compliance hurdles for companies employing gig workers that must be managed. workforce is expected to freelance by 2028.”. Late earnings disbursements can cause delayed bill payments – a rising concern when more than half of the U.S.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses. The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn.

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PayPal’s Xoom Makes Remittance Deal With Euronet’s Ria

PYMNTS

“Partnering with Ria allows us to grow our global footprint and significantly expand our services in the African diaspora and across Eastern Europe,” said Julian King, Xoom’s vice president and general manager. through 2028. Xoom launched in 2001 and was purchased by PayPal in 2015 for $890 million in an all-cash deal.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. Technology today can automate a range of workflows surrounding a B2B payment, including invoicing, payment term management and payment processing.

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The Gig Economy Grows Up

PYMNTS

Skip ahead again to 2028, when, by the best estimates, gig workers will make up more than half of the entire U.S. On that score, these newly minted SMBs need fast, scalable solutions that help to manage risk and are easy to use.

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