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The Finanser’s Week: 13th June – 19th June 2016

Chris Skinner

This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10.

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IFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets

PYMNTS

IFC, the Washington, D.C.-based based global financial institution that offers investment services to encourage private investment in developing countries, and Citi, the New York-based international investment bank, said the mission of the initiative is to support trade and help businesses cope with the devastation caused by COVID-19.

Marketing 232
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IFC, Citi Launch $8M Fund To Support Trade Finance In Emerging Markets

PYMNTS

IFC, the Washington, D.C.-based based global financial institution that offers investment services to encourage private investment in developing countries, and Citi, the New York-based international investment bank, said the mission of the initiative is to support trade and help businesses cope with the devastation caused by COVID-19.

Marketing 193
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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C-

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Innovation All the Time

Independent Banker

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass., is not typical. Assets: $7.2

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How banks are getting around open banking and PSD2

Chris Skinner

Well, the easiest thing to do is to block access to the bank’s data. If third party FinTech firms cannot get access to the customer’s financial data, then you can severely limit what they can do. Brilliant … and it’s just what banks are doing. The only person who should access bank data is the customer, the banks bleat.

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Can AI assist in vendor management challenges?

Independent Banker

“Today’s banks may have many vendors, and each vendor has to submit a large number of documents to comply with [bank requirements],” says Robert Johnston, founder and CEO of Adlumin, a Washington, D.C.-based Chatbots,” he explains, “are one of the first places where smaller banks will dip a toe into artificial intelligence.”.