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Nearly 75% of Better.com originations use AI

Bank Automation

Online mortgage originator Better.com is deploying AI within its internal and external operations to drive efficiencies. The New York-based company deployed its AI-driven mortgage origination tool, Tinman, in 2022, President and Chief Operating Officer Chad Smith told Bank Automation News.

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MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures

Fintech News

Arcade Plaza Traders (APT) was fined S$260,000 for failing to screen customers and related parties for money laundering and terrorism financing risks, and for omitting originator details in wire transfer instructions.

AML
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Cambodia Joins Regional Payment Connectivity Initiative

Fintech News

Originally established in 2022 by the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand, the initiative has since expanded to include Vietnam, Brunei Darussalam and Lao PDR. With Cambodias inclusion, the RPC now comprises nine ASEAN central banks.

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Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

The Fintech Times

According to the 2022 Bhutan Living Standards Survey Report, 95 per cent of households own a smartphone, 99.6 Despite its historical lag in technology adoption, recent years have seen significant government efforts to expand ICT and telecommunications infrastructure.

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Happy 60th, Majulah Fintech, Majulah Singapura

Fintech News

By 2022, players like GXS Bank (Grab-Singtel) and MariBank (Sea Group) had begun operations alongside ANEXT Bank (Ant Group), Trust Bank (FairPrice & Standard Chartered) and Green Link Digital Bank (Greenland Group & Linklogis). At its peak in 2022, Singapore’s fintech sector attracted USD $4.1 billion in funding.

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Blackhawk Network Teams with Mastercard to Add Paper Prepaid Products

Finovate

As of 2022, 60% of BHN’s physical cards were already paper-based, with the company aiming for 75% by the end of 2023, supported by collaborations with global partners. “Since making our 2022 pledge, we have moved at lightning speed to deliver—and have successfully done so,” said BHN CEO and President Talbott Roche.

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Stratyfy Teams Up with Parlay to Help SMEs Access Capital

Finovate

Stratyfy won Best of Show in its most recent Finovate appearance at FinovateFall 2022. The company’s technology integrates with loan origination systems to increase both volume and profitability. New York-based Stratyfy won Best of Show in its most recent Finovate appearance at FinovateFall 2022.