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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 24 percent of SMEs don’t use social media for their businesses , found the latest analysis from B2B ratings and reviews company Clutch. small businesses.

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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. This information is aggregated over time, allowing business users to obtain trend analysis data on customer payment habits.

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SMB Funding Embraces The Open Banking Way

PYMNTS

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. Visa Launches FinTech Collaboration Initiative In Europe. Poland's mBank Taps Treasury Pricing FinTech.

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SMBs Aren’t The Only Ones Threatening To Switch Banks: Ovum

PYMNTS

Increasingly, treasurers want to streamline operations by consolidating their financial services under fewer providers, the report noted. Their key motivation, the report found, was to access enhanced FinTech. Artificial intelligence (AI) and cognitive technologies are also growing on banks’ radars, the report said.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation. accounting FinTech Receipt Bank, business lender Capital on Tap is facilitating the rollout of the Receipt Bank Card, a commercial card for small businesses.

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Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

PYMNTS

Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. The firm released its 2017 Payments Outlook report last week and made some conclusions that B2B FinTech players may find disappointing.