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OCC Considers Artificial Intelligence an Emerging Risk in Banking

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Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

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With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

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Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

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From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. But how businesses reshape their payment practices varies. Payments Rails.

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Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

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But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year. The firm noted that there is now a fairly even split between financial technology innovators that target the consumer and SME space and those that target corporate services.

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How Cannabis Can Become A B2B Payments Innovation Influencer

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The legal cannabis market’s financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

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The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode. While Nubank is far from a household name in the U.S., And, according to Nubank, it’s just getting started.