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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling

Bobsguide

NXTsoft’s Connectivity as a Service maps connectivity, implements connectivity, maintains connectivity, secures connectivity and services connectivity between a financial institution and the multiple ancillary components it wants to incorporate. We empower institution to be nimble and agile, unencumbered by legacy technology,” he said.

Capital 146
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FinCEN Announces New Digital Innovation Officer/Deputy Director

PYMNTS

“As Deputy Director, Mr. Mosier oversees FinCEN’s wide-ranging work to protect the financial integrity and national security of the United States,” the release states. In the digital innovation officer role, he will work to engage with new financial innovations and technologies.

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Investors Back B2B Startups With An Eye On SMB Finance

PYMNTS

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Utility account aggregation company Urjanet secured $14.65 Aye Finance.

Capital 288
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B2B Innovators Land Funding For AP, Cybersecurity

PYMNTS

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

PYMNTS

Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Snap plans to use the funds for “general corporate purposes,” and possibly “to acquire complementary businesses, products, services, or technologies,” the news outlet said. .

Security 115
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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

PYMNTS

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

Video 211
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T-Mobile Turns Venture Capitalist In Hunt For 5G Innovations

PYMNTS

The move comes on the heels of T-Mobile’s announcement last month that it had flipped the switch on mid-band 5G towers in 90 cities and towns across the United States, with plans to add thousands more by the end of the year.

Mobile 209