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Six Keys to Meaningful Evaluation of New Financial Technology

Jack Henry

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. Global IT spending in the banking sector during 2021 is estimated to be nearly $300B.

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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins

PYMNTS

New technologies such as stablecoins — privately-issued digital currencies — could transform the way people store and exchange their money, making payments cheaper and faster,” the release stated. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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EU To Crack Down On Stablecoin Projects

PYMNTS

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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Is mPOS The New Nonprofit Nonoptional?

PYMNTS

In one recent move, for example, financial technology provider Payscape partnered with CardFlight to bring the latter’s SwipeSimple mPOS solution to more merchants. Meanwhile, Cyclebit and Dspread Technology forged a new alliance of their own. Around The mPOS World. as part of its Payscape Mobile offering. About The Tracker.

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Five At Five: Amazon’s New India Push

PYMNTS

An analyst for Guotai Junan said the price of shares could fall further in the event that police do, in fact, charge CEO Richard Liu. Intel Secures AI Partnerships f or FinServ, Supply Chains. The move comes as the eCommerce company reportedly wants to make the country into a major market. Yardi Digitizes Real Estate Vendor Payments.

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How Synchrony Financial Is Upgrading Its AML Strategy

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

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MyPayrollHR Founder Faces $70M Fraud Charge

PYMNTS

Mann did not enter a plea and was released on a $200,000 bond secured by his home and two cars. The NYC-based financial technology company DailyPay has created a $25,000 fund to pay for overdraft and/or late fees for MyPayrollHR employees, up to $100 per employee.

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