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Several large asset managers plan to meet directly with corporate clients to make loans; 10x Future Technologies promises faster and cheaper banking services.
June 27
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A recent proposal by the Financial Stability Oversight Council to focus less on certain nonbank firms and more on risk activities would create unintended economic harm.
June 27
NYU Stern School of Business -
Among other things, Kai, the insurance firm's AI assistant, will tell customers how to avoid the bank's monthly fee.
June 27
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The $550 million purchase will include a branch in the U.S. Virgin Islands.
June 27
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The information you need to start your day, from PaymentsSource and around the Web. Today: Shell speeds up EMV; Apple Pay adds markets and Shopify integration; Technology companies chase B2B automation and biometric cards.
June 27
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Visa’s chief economist recently warned that fintechs are disintermediating banks’ credit card businesses with instant access to installment loans. Now Visa is looking to disrupt the fintechs by giving issuers a way to do the same.
June 27
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As the industry continues to consolidate, operating branches in states far removed from headquarters could move from the exception to the rule.
June 27
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Many businesses mistakenly see alternative payment methods as only for consumers, but there are use cases for B2B, argues Pat Bermingham, CEO of Adflex.
June 27
Adflex -
In the eyes of regulators, Facebook and bitcoin have a lot in common. Both challenge citizens' relationship to privacy, and both use technology in ways that current laws were unprepared for.
June 27
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Banks claim that regulators have been avoiding using a transparent public process to implement new regulations, opting instead to use informal guidance that has the impact of policy.
June 27
