Fri.Nov 26, 2021

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Six Keys to Meaningful Evaluation of New Financial Technology

Jack Henry

Global IT spending in the banking sector during 2021 is estimated to be nearly $300B. Banking and securities lead all industry sectors in terms of average IT spending as a percentage of revenue, at nearly 8%, according to a 2018 Deloitte study. And, that was before the pandemic drove institutions to accommodate remote servicing demands in 2020 and 2021.

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What stores need to consider with bitcoin ATMs

ATM Marketplace

Demand for bitcoin continues to grow. One sign of proof beyond the associated and often-hyped market volatility is the ongoing explosive growth seen in the number of bitcoin ATMs available to consumers across the globe.

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Letting Hammond off shows PM won’t tackle corruption, says Labour

TheGuardian

Former chancellor to face no action despite official ruling against his use of government connections Labour has accused the government of not being serious about tackling sleaze after ministers declined to punish or reprimand the Conservative former chancellor Philip Hammond for using his government connections to help a bank he is paid to advise. Labour’s deputy leader, Angela Rayner, said the government had “muzzled its own watchdog” after it emerged that no action would be taken against Hamm

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How to Manage An Innovation Program

Alex Jimenez

Fueled by the success of disrupting technology and innovative startups, organizations of all sizes and from vastly different industries are jumping on the innovation bandwagon. Most commonly, organizations that haven’t viewed innovation as a strategic imperative seem to be at a loss as how to roll out “innovation.” Badly defined innovation programs are doomed to fail.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Apple’s AR glasses will run Mac chips next year | Citigroup to create 100 roles in digital asset push | NFTs are so much more than JPEGs

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Apple’s AR glasses will run Mac chips next year Citigroup to create 100 roles in digital asset push NFTs are so much more than JPEGs.

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Fintonia Group launches MAS-regulated funds in Singapore

The Paypers

Fintonia Group , a Singapore-based fund manager regulated by the Monetary Authority of Singapore (MAS), has launched two institutional-grade Bitcoin (BTC) funds.

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Deal making to finance the future at the African Investment Forum 2021

Bankelele

Next week at Abidjan, Cote d’Ivoire sees the return of the African Investment Forum (AIF) that is supported by the African Development Bank Group (AfDB). This years’ summit, from December 1 to 3, will be a hybrid mix of physical and virtual sessions and is expected to feature the Presidents of Rwanda, Benin, Mozambique and Togo […].

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AlikeAudience supports Unified ID 2.0

The Paypers

US-based marketing company AlikeAudience has integrated with Unified ID 2.0 to deliver advertising while protecting consumer privacy without third-party cookies.

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Defending secure applications against Jedi mind tricks

Tomorrow's Transactions

Here at Consult Hyperion, we are often involved in design implementation and testing of secure systems on devices such as smart cards and mobile phones for payments, banking and other applications where security is critical. These applications are particularly vulnerable because the device phone or card could be in the attacker’s hand for a considerable… Continue reading Defending secure applications against Jedi mind tricks.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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IDEMIA obtains Denmark border biometrics contract and launches new security feature

The Paypers

IDEMIA , a France-based augmented identity company has been chosen by Danish Rigspolitiet police service to supply biometric equipment in compliance with ETIAS regulations.

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‘Dear Steve, We’re Sorry You’re Dead’ (But I’m Not Dead!)

The Financial Brand

Relying on people's inertia is a lousy cross-selling concept when technology should make relationships at least coherent, if not wonderful. The post ‘Dear Steve, We’re Sorry You’re Dead’ (But I’m Not Dead!) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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India to ban cryptocurrencies

The Paypers

India has announced it will go ahead with its plan to ban most cryptocurrencies in the country under a long-awaited bill.

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Nubank enters the ecommerce market in Brazil

The Paypers

Brazil-based neobank Nubank has announced that it will add a ‘Shoping’ section to its NU app in Brazil, where consumers can buy products from ecommerce companies.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Mastercard partners Mybank to augment ecommerce in Somalia

The Paypers

Mastercard has teamed up with France-based online banking e-payment company Mybank to grow access to the digital economy and drive financial inclusion in Somalia.

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Allica Bank secures EUR 130.2 mln in Series B funding

The Paypers

Allica Bank , a fintech SME challenger bank, has raised EUR 130.2 million in its Series B round of funding.

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BMO launches Elite Mastercard credit cards in Canada

The Paypers

Bank of Montreal (BMO) has expanded its line of Mastercard credit cards available to business owners by introducing BMO World Elite Business Mastercard and BMO Air Miles World Elite Business Mastercard.

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UnionPay collaborates with Razer Merchant Services

The Paypers

UnionPay and Razer Merchant Services (RMS) have partnered to enable UnionPay Quick Response (QR) Codes at all RMS physical merchant touchpoints and online merchants in Malaysia.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Connecting Up and Link4 to enable not-for-profits connect to Peppol eInvoicing

The Paypers

Australia-based Access Point provider Link4 has partnered with Connecting Up to provide ERP integration and cloud accounting subscription discounts for nonprofits to connect to the Peppol eInvoicing network.

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Auchan taps SberMarket for 'phygital' commerce development

The Paypers

France-based retailer Auchan has started collaborating with Russia-based e-grocery company Sbermarket for joint ecommerce services and marketing campaigns.

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PayU certified by Mastercard and Visa as token requester and service provider

The Paypers

Netherlands-headquartered e-wallet platform PayU has announced it was fully certified by Visa and Mastercard as a token provider and requester.

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Invoice financier Lenderwize raises EUR 100 mln

The Paypers

Invoice financing marketplace for telecoms firms Lenderwize has raised EUR 100 million in debt funding for international expansion, according to AltFi.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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F-Secure, CyberPeace Institute partner to counter cyber attacks

The Paypers

Finland-based cyber security provider F-Secure has partnered with Switzerland-based CyberPeace Institute to cooperate in the forensic analysis of cyber attacks and other areas.

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Nubank enters the ecommerce market in Brazil

The Paypers

Brazil-based neobank Nubank has announced that it will add a ‘Shoping’ section to its NU app in Brazil, where consumers can buy products from ecommerce companies.

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IDEMIA obtains Denmark border biometrics contract and launches new security feature

The Paypers

IDEMIA , a France-based augmented identity company has been chosen by Danish Rigspolitiet police service to supply biometric equipment in compliance with ETIAS regulations.

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Till Payments secures acquiring licence in New Zealand

The Paypers

Till Payments has secured its acquiring licence in New Zealand, making it just one of five non-bank merchant acquirers in the country.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.