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KeyBank Takes Equity Stake in Payment Cycle Firm BillTrust

Bank Innovation

Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement. Terms of KeyBank’s equity investment were not disclosed.

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18 Corporate Innovation Labs In Healthcare

CB Insights

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges.

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Oracle’s three modes of Progressive Transformation

Celent Banking

KeyBank , based in Cleveland, announced at Open World that it intends to use non-core systems components of Oracle Banking Platform (“OBP”) to enhance and modernize its mobile and online channels. Banking Corporate Banking Retail Banking Core Infrastructure innovation transformation Trends' Horizontal slice.

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Are Fortnite Concerts The Future Of Live Music?

PYMNTS

The company hopes that even when arenas and theaters open again, musical acts of all kinds will play the Fortnite virtual stage in exactly the same way they might play Cleveland or New York. Apple and Google both ruled the move a violation of app store guidelines, which prompted blocking Epic from both online stores.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The online retailer also said it sold more Amazon devices, such as the Fire TV Stick and the Echo Dot, than ever before. and closed at $204.87. Payroll Fraud Could Cost KeyCorp $90M.

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Afraid of Small Business Lending? Mid-Market Lenders Shouldn’t Be

FICO

Is small business growth slowing due to lack of innovation and initiative? In fact, 75% of small businesses that are customers of small banks or credit unions are “highly satisfied” with their lending relationship, according to a survey at the Federal Reserve Bank of Cleveland. That seems unlikely.

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