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Open Banking Expands Into SMB Lending, Smaller Banks

PYMNTS

The API enables businesses to collect payments as part of their accounts receivable (AR) processes to do so in a more seamless and integrated way, regardless of payment data format, so that transaction information can be applied to AR records, the company explained. Equiniti Eyes APIs for Risk Management. Yet maturation is low.

Lending 194
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Data Sharing, XaaS Target SMB Financing Efficiencies

PYMNTS

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., As more non-bank players are allowed to facilitate PPP lending to U.S. Visa Invests in Open Banking FinTech Railsbank. Funding Options Unlocks Data Across 20 Lenders.

Data 167
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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. The Fed And FinTech Firms.

Fintech 211
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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Think about the quality of candidates that top tech companies, Wall Street investment banks and Big 4 management consulting firms recruit. Think about companies that apply rigor to intelligence testing like the famous Microsoft logic interview puzzles. That’s the new DNA we need to increase across the banking industry.

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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. What’s more, 20 percent of the companies that suffered financial losses from payment fraud said their biggest losses stemmed from wire transfer fraud, up from 9 percent in 2013. billion-asset community bank.

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Banks should know these 5 Traits of Millennial business owners

Abrigo

Banks are critical financing partners for growing enterprises. Eight in 10 business owners report that a major, regional or community bank is their main financing partner for capital. After all, most of the nearly 29 million businesses in the U.S. are small businesses – a trend unlikely to shift much in the coming years.

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Welcome to New Orleans

Independent Banker

Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. State/Regional Partners Reception*. State/Regional Affiliate Associations & Exhibitor Receptions*. Monday, March 7. Concurrent Workshops.