Author: hjenkins42
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Stablecoin News for the week ending Wednesday 22nd June.
Here is our pick of the 3 most important Stablecoin news stories during the week. For the first time in the history of stablecoins, supply dropped! This week as the Crypto markets continue their wild ride, money, not just value, moved out of the ecosystem. The market cap or measure of how many stablecoins are in…
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Product Quality Innovator unitQ Unveils its Impact Analysis Tool
Less than a month after its FinovateSpring demo, unitQ has introduced its Impact Analysis tool. The new offering helps businesses identify both important product quality issues in their app as well as the impact of fixing those issues. Impact Analysis enables companies to improve their unitQ Scores, which enable businesses to accurately compare their app…
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Autobooks Lands $50 Million in Funding to Boost Bank Distribution
Autobooks has received $50 million in a Series C funding round led by Macquarie Capital. The investment more than doubles Autobooks’ total funding raised, boosting it to $98 million. Autobooks won Best of Show for its demo at FinovateFall 2021. Payment and accounting platform Autobooks raked in $50 million in a Series C round led…
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Finovate Alums mmob and Dapi Join Mastercard’s Start Path Open Banking Program
Mastercard will welcome five fintech startups to its inaugural Start Path Open Banking Program. The initial cohort will feature two Finovate alums: UAE/San Francisco-based Dapi and mmob, a Best of Show winner from the U.K. The new, open banking-oriented program will enable fintechs to leverage Mastercard’s open banking expertise and market insights to scale their…
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4 processes financial services firms can automate now
It’s clear to see why automation is an attractive option for financial services institutions. The never-ending pressures of budget and staff reductions, increased offshoring of certain internal functions, the continued growth in fintech providers delivering niche offerings, and the pandemic ensuring that remote working is here to stay — all these challenges can be offset…
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RBC looks beyond Toronto for tech hires in tight labor market
Royal Bank of Canada is building up technology centers across Canada, beyond its Toronto headquarters, to help attract skilled workers in a tight labor market. The bank’s current focus is on its Calgary innovation hub, where it’s looking to reach 300 employees by the end of next year. The center, with about 65 staffers, opened…
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How-to: API-based process automation at UiPath
Robotic process automation provider UiPath offered a deep dive into its process automation development during its recent virtual UiPath Integrations Summit. A series of best practices on Oracle NetSuite’s purchase order automation via APIs in UiPath Studio were highlighted in the presentation. Purchase orders are a key feature of many commercial and supply chain management…
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Listen: The rise of synthetic fraud in BNPL
Synthetic identities are increasingly used to attack buy now, pay later (BNPL) offerings, says Mike Cook, vice president of fraud solutions commercialization at identity verification firm Socure. “Synthetic identities take a different bunch of different forms, but basically, they’re just identities that don’t really exist,” Cook tells Bank Automation News in this episode of “The…
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Filling the Super App Gap in the U.S.
There is a Super App-shaped hole in the U.S., and earlier this year, F.T. Partners published a report titled The Race to the Super App that examines the most eligible companies to fill the gap. The report details three major categories of potential Super App contenders in the U.S., including challenger banks, large fintechs, and…
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Kofax Acquires e-Invoicing Network Tungsten
Kofax is acquiring B2B e-invoicing network Tungsten. The combined companies will offer clients a more holistic e-invoicing approach. Financial terms of the deal are undisclosed. Intelligent automation software platform Kofax has acquired B2B e-invoicing network Tungsten for an undisclosed amount. Kofax CEO Reynolds Bish anticipates the acquisition will “provide more comprehensive and higher value invoice processing and…