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Profile Software Unveils FX Risk Management Tool

PYMNTS

Acumen net eFX is built off of an application programming interface and can come with a company’s own branding, while connecting with different systems or information providers. It provides management of a series of exchange rate channels and best rates for clients.

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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

T-Mobile executives had to allocate time and resources to protecting the brand. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. Rather, a hack at its credit reporting vendor Experian led to the data breach.

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FinTechs, FIs Uniting Over Distributed Banking For Disbursements

PYMNTS

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues. “A

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In Bank/FinTech Linkups, Eyeing Risk To Reap Rewards

PYMNTS

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. While customer relationships are being redefined by fintechs, there will always be a place for community banking.

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Maintaining Compliance In A Market Of Bank-FinTech Tie-Ups

PYMNTS

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.