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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day. Since its launch in 2020, J.P. Both the reverse repo and repo transactions were completed on 11 October 2024.

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Dojo and YouLend Partnership Fuels UK SME Success with £1 Billion Funded

Fintech Finance

Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Over the past four years, the partnership has provided financing to more than 20,000 businesses.

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Dojo and YouLend Provide £1Billion in Flexible UK Business Funding, With Eyes on European Expansion

The Fintech Times

Payment technology provider, Dojo , has now successfully extended over £1billion in flexible funding since 2020, in partnership with global embedded financing platform YouLend. ” Following the £1billion milestone, the two fintechs plan to further scale their partnership and expand business funding to new European markets this year.

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Tapcheck embeds EWA in payroll

Payments Dive

Most EWA providers charge a fee to employees to receive money instantly – it’s $3 to $5 at Tapcheck – or will offer a free option for slower access that is usually within one or two business days. In January, the bureau rescinded a 2020 advisory opinion classifying certain EWA products as credit.

Payroll 78
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Disbursements Satisfaction Report 2020: Monetizing Payout Choice

PYMNTS

These are some of the takeaways of PYMNTS’ Disbursements Satisfaction Report 2020: Monetizing Payout Choice , a collaboration with Ingo Money. Those payors operating in sectors where the costs of switching to a competitor are low, however, recognize that they may have to make instant payments available for free. .

Payee 91
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The future according to Tiger Global Management

CB Insights

In 2021, the investment firm backed 335 deals — up 324% from 2020’s 79, and more than any other investor globally. deals per business day. Tiger Global has shaken up venture capital with the pace and aggressiveness of its dealmaking. That equates to 1.3

NFTs 69
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NACHA Approves Expansion Of Same Day ACH

PYMNTS

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers.