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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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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 $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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Not all US banks are against Open Banking

Chris Skinner

I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation. The only person who should access bank data is the customer, the banks bleat.” Well, they don’t.

US 299
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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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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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Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’

PYMNTS

The Washington, D.C. In this month’s Digital Fraud Tracker, Greg Firestone, vice president of data science for insurance provider Allstate explains how the company is using artificial intelligence (AI) to keep claimants honest and the review process free from adjusters’ biases. Getting The Plumbing Ready For Banking as a Service.

Company 141