Accounting Banking Financial Data Financial Systems 
Future CFO
JANUARY 22, 2024
The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.
PYMNTS
NOVEMBER 13, 2019
Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ) reported on Wednesday (Nov. Code-named Cache, the accounts will be handled by Citigroup and a credit union at Stanford University. A recent McKinsey & Co.
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PYMNTS
FEBRUARY 20, 2020
The parent company of Fidelity Investments , FMR LLC, is launching an independent personal data startup called Akoya in conjunction with The Clearing House (TCH) and 11 of its member banks, Fidelity announced on Thursday (Feb. The new network boosts financial system security as it speeds up API adoption.
PYMNTS
JUNE 22, 2020
The lender, the Bank of China, is one of more than a dozen commercial banks that all told have lent $2 billion through a facility to Wirecard. After all, extending the terms of the $2 billion facility would require unanimous consent from the banks — and that united front, clearly, seems to be fraying.
PYMNTS
JULY 3, 2019
The co-creator of Facebook’s recently announced cryptocurrency, Libra , said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3). David Marcus ’ post, titled “Libra, 2 weeks in,” covers a range of topics, especially financial inclusion.
PYMNTS
JUNE 25, 2018
He noted that, making the issue more complex for banks, startups are not small businesses — that means banks, which are already struggling to address the needs of the SMB community, are often at a loss when it comes to startup clients. “They have systems in place that have worked for decades. .
PYMNTS
SEPTEMBER 16, 2019
In an emailed statement, Plaid said it works with more than 15,000 banks and “powers 80 percent of the largest FinTechs to deliver better digital services to their customers. … We are excited to be working with these two foundational networks to push a digitized financial system forward.”.
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