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Financial Software Firm OpenFin Raises $17M

PYMNTS

Barclays also participated in the round, as did existing investors such as Bain Capital Ventures, Pivot Investment Partners and JPMorgan Chase & Co., The process can help reduce the money and time for modernization of software for back- and front- office functions like risk management or trading. Reuters reported.

Software 134
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Mastercard, Meridiam Partner For Urban Transit Upgrades With MaaS

PYMNTS

Through City Possible — Mastercard’s global network for urban co-development — city leaders shared that capital to improve critical infrastructure is one of their biggest concerns. . Contactless ticketing cuts expenses by at least 30 percent but limited budgets make it hard for agencies to come up with the initial capital.

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FinDEVr New York 2017: Welcome to Day Two

Fintech Labs Insights

Day One of FinDEVr New York 2017 is in the books – and what a great start to our second developers conference! From APIs, bug bounties, and card-linking to payments, risk management, and smart contracts, the first day of FinDEVr New York was a testament to the technology that continues to drive fintech innovation forward.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Leveraging Risk the Right Way.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. First Capital Bank. By Ed Avis. Methodology. Quontic Bank.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

While the CSBS has not yet filed another lawsuit and there is speculation that it is waiting until the first SPNB charter is granted to do so, a second lawsuit challenging the OCC’s authority to issue SPNB charters was filed last month by the New York Department of Financial Services (DFS) in New York federal district court. (For