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Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Bankin’ Steps Into PaymentsAPIs.
This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. One FinTech, meanwhile, throws blockchain into the mix of legacy rails. Western Union Expands Real-Time Capabilities.
Apollo Bank Adopts CheckAlt Lockbox Technology. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering. Token Lands Funding For Open Payments Offering. PNC Acquires Tempus Technologies. As open banking continues to proliferate across Europe and the U.K.,
trillion manufacturing sector, outmoded invoicing and poorly managed payments have created familiar problems of cost/time overruns, bookkeeping errors and the mayhem of inefficiency. In our most recent “ Innovating Order-to-Cash Playbook ” we size up the climate and terrain for manufacturers as payments enter the age of “instant.”.
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