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Operational Transformation in Financial Services

Cisco

It’s evident that digital investments made prior to 2020 helped many financial institutions respond quickly to a rapidly changing operational environment. As financial services look ahead, it is perhaps time to consider the next phase of the transformation campaign in pursuit of complete operational transformation as the end-goal.

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BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement

Chris Skinner

I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating white paper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles).

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SMB Growth Stumbles Over Technology

PYMNTS

“But as they grow, they are being stretched by operational issues and manual processes.” ” Technology can “level the playing field” for small businesses to compete, Priest added, though another recent survey revealed that SMBs often struggle to use technology to its full advantage.

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How next-generation technologies are transforming governance, risk and compliance

Insights on Business

Next-gen means an ecosystem of standardized GRC knowledge and tools all operating together. It uses technology like natural language processing, which can understand and learn, and ultimately provide the GRC professional team with the necessary information to make informed, fact-based decisions, in a fraction of the time and cost.

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Free Up Operational Time With Simpler Payment Processes

PYMNTS

Jon Burrell, vice president of operations at international payments platform   Currencycloud ,  takes PYMNTS through the ways firms in B2B and beyond can keep customers happy and the coffers full — even when operating across borders, and all while the clock is ticking. Payment Integration Can Solve These Issues. .

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Russia Prepares For SWIFT Exit With Blockchain

PYMNTS

Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper. Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing.

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Bitcoin Daily: Overstock Subsidiary Puts $2.5M In ‘GrainPay’; US Govt Works To Make Crypto Transactions Transparent

PYMNTS

According to The Next Web , a pre-solicitation document — published by the DHS’ Small Business Innovation Research Program (SBIR) — shared a proposal for small businesses (SMBs) to develop research, process, products and technologies that can be used to detect crypto-related crimes.