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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

Plus, blockchain makes new inroads in the B2B arena. The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. Canada Taps Vocalink for Real-Time Rail.

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Building A Faster, Safer Network On The Blockchain

PYMNTS

Emerging technologies like blockchain and distributed ledger-based APIs could be at the center of making that collaboration easier. In a recent interview with PYMNTS, Behlendorf explained why he believes technologies like blockchain and distributed ledger can make B2B payments run more smoothly for businesses of all kinds.

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Microsoft, Comcast Remain In Blockchain Exploratory Mode

PYMNTS

Spending on blockchain technologies will ramp up to $9.2 Its latest Worldwide Semiannual Blockchain Spending Guide also calculated a compounded annual growth rate (CAGR) of blockchain spend of 81.2 As a leader in blockchain innovation and integration, the U.S. Microsoft IDs Its Next Blockchain Use Case.

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Embedded Financing Helps Asia’s SMBs Weather Cash Flow Challenges

PYMNTS

To that end, Banking-as-a-Service (BaaS) company RootAnt , based in Singapore , is aiming to strengthen enterprises and ecosystems through open banking technologies. One commonality is that firms in these verticals rely on offline operations. Risk Management. Risk management is critical, said Yin.

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Bitcoin Daily: Crypto.Com Signs On To Open Payments Coalition; VMWare Exec: Digital Money Needs Stronger Supervision

PYMNTS

The technology lets users move money sans routing, banking account or credit card number. VMware Head of Cybersecurity Strategy Tom Kellermann said that extremist groups, beyond organized crime, are known to harness alternative payments infrastructure to fundraise and for “operational purposes.”

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