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Virtual, Mobile Payments Battle To Infiltrate Corporate America

PYMNTS

Corporate America seems to have let itself get out of hand in the omnichannel commerce and procurement space. At least, that’s what Conferma could argue, considering its most recent research on corporate expense management. The verdict wasn’t so good: Large corporations are losing more than $1 million every year — each.

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SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

The news comes as Samsung Electronics America, Inc. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May. Users can opt for an individual or joint cash management account with the offering.

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Aussie FinTech Douugh Introduces ‘Savings Jar’ With Mastercard Debit

PYMNTS

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. There is a waiting list in the U.S. million-plus millennials in the country. .

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. But how businesses reshape their payment practices varies. Globalization. Payments Rails.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

the Brazil-based firm is on a path to becoming the most valuable startup in Latin America. The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode.

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Evolution through digital reinvention in banking

Insights on Business

From simple deposits and loans to more advanced risk modeling and channel management, banks have acted at one time or another as trusted intermediaries, service providers, asset managers, and market makers. For centuries, banks have been involved in all facets of monetary/transactional business.