Clearly Payments
NOVEMBER 23, 2024
Some banks have chosen to develop their own in-house payment processing systems, delivering end-to-end services directly to their customers. Other banks have formed strategic partnerships with third-party providers. In this article, we’ll explore how Canada’s major banks approach payment processing, highlighting the strategies they use to serve businesses of all sizes.
Nanonets
NOVEMBER 23, 2024
Veryfi is a popular OCR tool known for its speed and accuracy in data extraction. While its free mobile app and API integration make it flexible for many users, its limitations, such as a 15-page processing cap and strict API rate limits, can hinder large scale document processing. For businesses needing more flexible, advanced document processing solutions, exploring alternatives to Veryfi is essential.
The Fintech Times
NOVEMBER 23, 2024
Continuing the second phase of piloting its central bank digital currency (CBDC), Drex, the Central Bank of Brazil (BCB) has selected Brazilian digital bank Banco Inter , Microsoft Brazil , blockchain platform Chainlink , and 7COMm , a decentralised finance-focused firm, to build a trade finance solution. The Central Bank of Brazil is aiming to demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.
TechCrunch Fintech
NOVEMBER 23, 2024
Mexico’s economic development — turbocharged by the amount of nearshoring in recent years — has made it fertile ground for startups. But the trend is under threat if President-elect Donald Trump follows through with his idea of taking a harder line on trade with Mexico. Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup […] © 2024 TechCrunch.
Speaker: Jason Cottrell and Gireesh Sahukar
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The Fintech Times
NOVEMBER 23, 2024
Those with low income, or other vulnerable consumers, can often find it difficult to get access to credit. Worryingly, this number is on the rise meaning there is a huge need for solutions to help. The latest acquisition of lending firm, Slick Solutions , by Hope Macy , the FCA-regulated payments institution and credit reference agency, looks to do just this and make credit more accessible.
The Fintech Times
NOVEMBER 23, 2024
Eligible , a UK-based AI-driven servicing solution for the mortgage market, has launched ‘Conversations’, a new product enabling clients to engage borrowers at critical stages of their mortgage journey, to ensure customers are making informed decisions about their mortgages. By leveraging machine learning, constant mortgage monitoring and other techniques to better understand consumer intent, Eligible aims to tackle what it believes is the “prime factor” holding the mortg
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