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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

Morgan , the successful treasury transformation in the Asia Pacific region hinges on digitization — and not simply electronification. Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said.

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Banks Say FinTech Innovation, Not Regulation, Is Now Their Fiercest Market Pressure

PYMNTS

In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up. Regulatory pressures, particularly following the global financial crisis, imposed new stressors on global banks.

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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. PYMNTS examines some of the most telling data from the survey below. -14% with revenues up to $500 million. The data is clear: While most small businesses use some type of large, global bank, a significant portion of them are not happy with the services being provided.

Survey 112
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Chipotle Personalizes Loyalty Program, Digital Ordering Experience

PYMNTS

Winter is around the corner, bringing colder temperatures and prompting many restaurants to question whether their operations can survive the season. Delivery partnerships can be key to helping restaurants — especially smaller operations — weather the pandemic as consumers’ demands for digital ordering continue to grow.

Mobile 210
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ASEAN Banks Eager For Real-Time Payments

PYMNTS

Banks across the Association of Southeast Asian Nations (ASEAN) region expect real-time payments to come with some major benefits to their businesses, according to new analysis from ACI Worldwide and Ovum. However, the report did find that banks in the region are less clear about exactly how they will create APIs for third-party use.

Payments 110
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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

Payments 190
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Regulation, Not Fintech, Will Have the Biggest Impact on Banks

Bank Innovation

The unit surveyed 200 global banking executives to investigate the challenges retail banks face in the years to 2020. “This year is marked by a sharp regional divergence about which rules […]. Regulation is still shaping banks’ strategic thinking, says a new study by The Economist Intelligence Unit.