Banking Compliance Foreign Exchange Invoicing 
PYMNTS
APRIL 29, 2020
New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.
PYMNTS
FEBRUARY 5, 2020
As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. might take an Excel file out of a performance measurement system and upload the file to its bank. Typically, McGuire stated, a firm operating only in the U.S.
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PYMNTS
MAY 13, 2020
But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete.
PYMNTS
OCTOBER 4, 2019
Australia’s ANZ Bank led a $1.56 million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing. ForwardLine Financial.
PYMNTS
FEBRUARY 8, 2018
banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase. The bank was among the earliest to adopt RTP, along with BNY Mellon, US Bank, SunTrust Bank, Citigroup and PNC Financial Services. Getting to ubiquity. Even today, not all U.S.
PYMNTS
DECEMBER 31, 2020
In our crazy banking system, you don’t actually have to prove who somebody is to put their name on a piece of paper and stick it in the mail,” he noted. That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified.
PYMNTS
JULY 24, 2020
London startup mobile bank Revolut Ltd. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.
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