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Mobile Banking

Fintech Automation Will Only Increase in 2021

February 25, 2021

In a world where COVID-19 has made on-site collaboration a more and more distant memory — with no end in sight for the growth of remote work as the norm — PaymentsJournal reports: The need for automation has never been more pressing. Clients want quick, efficient solutions that enable them to do more with less. From lending decisions to payments risk management, only technology can provide the necessary support that businesses need.

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OrboZone is Here — A Fresh Experience Weekly!

February 18, 2021

We have receive a tremendous amount of positive feedback from our recent #OrboZone launch, with a countless number of clients, partners, and industry experts raving about their “experience.” But what is #OrboZone? It’s dynamic content that combines high-impact videos, visual galleries, energizing music, and entertaining activities for your WFH environment.

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PNC Acquisition of Tempus Will Create Ripple-Effect Across Treasury Management

February 17, 2021

PNC Bank N.A. announced on Jan. 27 that it has struck a definitive deal to buy payment gateway provider Tempus Technologies, Inc. This new team-up will allow their business customers to handle their receivables and payables via one channel, covering all rails. According to a report at Pymnts.com:

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Payments Innovation: “Check” Launches With $35 Million in Series B to Streamline Payroll

February 4, 2021

Here’s a paradox we enjoy seeing: Even as it’s proclaimed all over the place that “checks are in decline,” and “checks are alien to Millennials” — we see a forward-looking, technologically innovative payroll infrastructure startup system launch and call itself — Check.

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technical lady

Payments Are Being Transformed Right Before Our Eyes

January 27, 2021

An article at PaymentsJournal.com cites a 2019 survey by Aite Group indicating that only 18% of banks were at that point moving from a transaction-based revenue model to a data-based approach. While this figure is unlikely to have changed significantly since, PaymentsJournal.com goes on to note that data-driven payments are increasingly on the agenda for banks and we can expect more movement towards this.

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Reconciliation: Fiserv Paints a Vision for the Future

January 22, 2021

A recent webinar sponsored by Fiserv highlighted reconciliation challenges faced by modern financial institutions as so many consumers adopt digital channels for payments. Fiserv’s 2020 Expectations & Experiences: Consumer Payments survey found that digital payments are indeed on the rise and confidence with virtual payment cards — the Apple Wallet, for instance — is growing.

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Banks Redesigning the Customer Experience with Distributed Banking

January 13, 2021

Ingo Money CEO Drew Edwards spent some time with PYMNTS CEO Karen Webster talking about distributed banking — aka banking-as-a-service — and how it differs from open banking. Edwards said that open banking is mostly about moving information, not about moving money between a consumer, her bank, and a third party, like the Robinhood app — at least for now. That data exchange makes it possible for a FinTech to step into the middle of the transaction but also makes the bank little more than the “dumb pipes” that serve as the funding source.

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Promising Outlooks for Fintech and Payments in 2021

January 6, 2021

The trading platform Blocktrade recently published their predictions for the coming year in the fintech and payment worlds. “We all know that 2020 was a highly unusual year – the Covid pandemic not only impacted the global economy, it also accelerated ongoing changes and developments in the Fintech and Payment industry.”

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December 2020 Edition – Check

January 4, 2021

We have seen the banking and payments industries recover from the challenges of the COVID-19 Pandemic with a resurgence of checks and sustained volumes of other payments. With this recovery, banks and financial institutions can now refocus on automation and fraud prevention projects which have been delayed while the economy recovers.

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How Banks Can Work with Bitcoin’s Original Design

December 22, 2020

While Bitcoin cryptocurrency has been for many years held at arms length by mainstream consumers — it’s been considered volatile because of how much and how quickly its value can change, and the 2018 Bitcoin crash is still fresh in the mind of the industry — there are signs that it is gaining more widespread acceptance.

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