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Perficient to Present at Fintech Generations 2021

Perficient

The presentation will occur on June 10 at 4:00 p.m. RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits. Since its inception in 2015, the Fintech Generations conference has drawn national and international fintech leaders and speakers.

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JPMC: Why Working-Capital Trade Finance Is On The Rise

PYMNTS

Unlike a decade ago, corporates today are flocking less to traditional trade services and more toward off-balance sheet financing tools like supply chain and receivables financing, offerings which Fraser said are resilient to economic downturns thanks to banks’ overhauled capital management strategies.

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Bitcoin Daily: SEC Alleges John McAfee Fraudulently Promoted ICOs; Bank of Canada: CBDC Would Present Security Risks; Fraudsters Capitalize On Crypto’s Finality

PYMNTS

In other news, the Bank of Canada said an anonymous token-based central bank digital currency (CBDC) would present some specific risks, according to a staff analytical note.

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Square: Card Not Present Transactions, Square Card Spend See Gains In Q3

PYMNTS

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9

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Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

The crisis strained businesses worldwide, especially startups and small companies with less cash flow and resources, but video-based know your customer (KYC) presents an opportunity to reduce the number of potential customers who abort application processes they may see as lengthy and complicated.

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Capital One boosts automation investment in Q3

BankInovation

Capital One is modernizing its tech stack and increasing automation using machine learning (ML) within the bank’s systems. The $444 billion bank reported a 9% year-over-year increase in communications and data processing spend to $349 million during the third quarter, according to the company’s Q3 earnings presentation.

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FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Europe’s Financial Stability Board ( FSB ) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. When the banks were required to increase their capital in 2010, they argued it would hurt their ability to keep up their lending pace.

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