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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

In an announcement made last week, the community bank said the integration will support customers that seek “new functionality” from their banking service providers, according to Chief Information Officer DJ Seeterlin, who added that customers “need financial technology tools that align with their personal and business needs.”

Fraud 266
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Hypur To Offer Digital Payments For Cannabis Firms With CU Partnership

PYMNTS

Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment. Hypur serves more than 600 clients throughout the country and has over 25 partnerships with banking and financial institutions.

Payments 181
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Razer Fintech, Visa Pitch New Prepaid Card To Young Adults In Singapore

PYMNTS

The Singapore-based financial technology company said the move is part of its goal of establishing “the world’s first global youth bank.”. Last month , the FinTech teamed up with investment giant Franklin Resources to announce a plan to create a digital wealth-management platform targeted at millennials and young investors.

Cards 150
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Avalara Unveils eInvoicing Software For Tax Compliance In India

PYMNTS

As a result, companies can reduce the complexity of their digital invoice management at scale. Businesses can also harness flexible application programming interface (API) integrations or file uploads to reduce interruptions to existing procedures in enterprise resource planning software (ERP) and other financial technologies.

Taxes 163
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The Partnership Series – Volume One: Financial Institutions and Technology Firms

Jack Henry

The last 10 years have seen the beginning of a technological renaissance in many areas of the industry, affecting the way that both consumers and businesses interact with financial institutions.