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Joint Guidance Provided to Banks to Manage Risks Associated With Third-Party Relationships

Perficient

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The bank holding company and Federal Reserve member legal entities fall under the Federal Reserve as its primary federal regulator. Introduction It’s not you. It’s the guidance.

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Hypur To Offer Digital Payments For Cannabis Firms With CU Partnership

PYMNTS

The collaboration builds on Hypur’s extensive network of financial institutions (FIs), according to an announcement. . Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment.

Payments 181
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The BaaS Gold Rush is On

Gonzobanker

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. Now is the time to create a BaaS strategy.

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Financial Software Firm OpenFin Raises $17M

PYMNTS

The company reportedly plans to use the funds toward product development and growing its sales efforts. It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones. The company is headquartered in London and New York.

Software 134
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TS Imagine Announces Strong Growth and Senior Hires as Demand Surges

Bobsguide

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. Company hires nearly 100 new staff globally in H1 2022, including senior appointments to support expansion. The expansion has been accomplished through cross-selling products to existing customers and new client acquisition.

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Mastercard, IFC Expand Partnerships To Bring Digital Payments To Emerging Markets

PYMNTS

Mastercard and IFC , a member of the World Bank Group, announced Thursday (April 26) that they have updated a $250 million global risk-sharing facility in an effort to expand access to electronic payments in emerging markets. IFC will guarantee up to 100 percent of the settlement risk.

Marketing 121
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Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach. This includes IDIs acting as lenders in bank/fintech partnerships.

Fintech 78