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How Real-Time Data Recharges The Monthly Financial Close

PYMNTS

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. Transformation Through Data. For middle-market organizations, the largest barrier to efficient financial close processes remains the struggle to obtain high-quality data.

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The Fiserv-First Data Merger Is Complete

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The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction. He also noted that outside the U.S.,

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The Financial Technologies SMEs Aren’t Using

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Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped. Viewpost CEO Max Eliscu said these figures aren’t surprising, though, but still called the data “staggering.”.

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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

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The Data Behind B2B Payments’ API Excitement

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From market pressures in the U.S. that have encouraged data sharing between banks and FinTechs to regulations in the U.K. The Tracker is a deep-dive into several key players in the industry, and an up-to-date guide on the latest happenings in the market. 145 billion: the value of cross-border B2B payments as of December 2017.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

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Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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Today In Data: Providers Push For Enhanced mPOS Features

PYMNTS

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

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