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Top Banks Keep Ahead Of FinTechs’ Competitive Threat

PYMNTS

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

Fintech 144
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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

The FinTech startup offers free credit scores, credit card applications, loans and savings accounts. As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017.

Taxes 130
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Things worth reading: 2nd June 2017

Chris Skinner

The race to become Islamic banking’s fintech hub The super-rich are different: they pay less tax. The post Things worth reading: 2nd June 2017 appeared first on Chris Skinner's blog.

Policies 185
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How FinTech Helps SMBs Get A Grip On The Numbers

PYMNTS

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. While Rodriguez said he agrees with that, he emphasized that human expertise is itself an essential influence on the development of FinTech for small businesses. The firm secured $1.8

Fintech 154
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How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms? But in jurisdictions like the U.S. ”

Data 184
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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

million in the largest investment round ever for a FinTech that operates exclusively in the continent. According to reports, Cellulant’s funding is the largest for an Africa-only FinTech. California’s Plastiq provides small businesses with a commercial card solution to facilitate bill and expense payments.

Fintech 134
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Corporates Shouldn’t Wait For Regulators To Force eInvoice Adoption

PYMNTS

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Take credit cards, for instance. While the U.S.