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New rule makes BNPL sustainable in long term, experts say
The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say. The rule, published May 22 to take effect 60 days later, “makes the model more sustainable because [BNPL] has been around for a long time, it has…
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Things worth reading: 5th June 2024
Things we’re reading today include … Money 20/20 Europe 2024: Day One in Amsterdam | The Fintech Times Business Reporter – Payments – Navigating five years of UK fintech amid Brexit and Covid-19 (business-reporter.co.uk) Standard Chartered: UK bank accused of helping to fund terrorists – BBC News King Charles III banknotes enter circulation – BBC……
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How can we create an innovation culture in a zero-risk company?
Presenting to a group of banking people the other day, the constant question was about risk, return, regulation and compliance. It actually became quite irritating until one person said: “how can we create an innovation transformation culture in a zero-risk company?” It then hit me: these guys cannot do this. It’s too hard. I’ve had……
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ING implements gen AI for know your customer processes
AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.1 trillion) ING,…
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Transactions: Mastercard, bunq team up for open banking, AI
Card giant Mastercard and digital bank bunq are teaming up on open banking and AI, the companies announced this week at Money2020 in Amsterdam. The partnership breaks down “how open banking is helping to provide the next generation of financial insights to their users,” Bart Willaert, executive vice president of open banking international markets at…
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If AI wrote your aggregation script, here’s what it would say
A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……
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If AI wrote your aggregation script, here’s what it would say
A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……
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If AI wrote your aggregation script, here’s what it would say
A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……
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If AI wrote your aggregation script, here’s what it would say
A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……
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If AI wrote your aggregation script, here’s what it would say
A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……