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Generation Life launches lifetime annuity solution using GBST’s Wealth Management technology

Bobsguide

Amid the current cost-of-living crisis, this new solution will provide retirees more options at a time where flexibility is crucial to individual financial prosperity. Ashley Boland, Product Owner – Retail Wealth at GBST , said: “Composer has a long history of being able to support complex and varied retirement income stream products.

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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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Mindtree and Finastra Partner to Deliver Managed Services Payments Solutions in the Nordics, the UK and Ireland

Bobsguide

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

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Even cash can benefit from risk management automation

Payments Source

Innovations such as automated smart safes can make it easier to track the flow of paper money, reducing theft risk, and cut down on the number of armored truck pickups, according to Sam Bosch, president and CEO of Peregrin Financial Technologies.

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Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

Bloomberg reported that Charles Wong , who will be chief executive of the new digital bank, said in an online briefing Friday night that the 200 new hires will work in technology in general — and in some cases, financial technology in particular. That gives us a touch-point that enables us to embed financial services.”.

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Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

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Is mPOS The New Nonprofit Nonoptional?

PYMNTS

The holiday shopping season is here — and to capture profits, retailers need to ensure that customers’ payment experiences are as smooth as possible. In one recent move, for example, financial technology provider Payscape partnered with CardFlight to bring the latter’s SwipeSimple mPOS solution to more merchants.