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AFP: Fraud is the biggest painpoint for accounts payables automation

/wholesale

AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

DBS rolls out blockchain-powered banking for institutions

/wholesale

DBS rolls out blockchain-powered banking for institutions

Singapore's DBS has integrated a suite of blockchain-powered capabilities within its core transaction banking services for institutional clients.

Why US fintech and banking is at an inflection point

/predictions

Why US fintech and banking is at an inflection point

Boston Fintech Week returned this week for its seventh instalment, welcoming industry experts and executives to a two day conference at the Federal Reserve Bank of Boston to discuss the state of banking and fintech at full throttle in the US, and explore what lies ahead.

Wise gains direct access to Japan’s payment clearing network – Reuters

/payments

Wise gains direct access to Japan’s payment clearing network – Reuters

Wise has become the first foreign firm to receive approval for direct access to Japan’s bank payment clearing network Zengin.

Bank of Kenya migrates national payment system to ISO20022

/payments

Bank of Kenya migrates national payment system to ISO20022

Earlier this week, the Bank of Kenya announced the successful migration of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard.

Axiom Bank hit with enforcement action

/regulation

Axiom Bank hit with enforcement action

The Office of the Comptroller of the Currency (OCC) has filed an enforcement action against Axiom Bank in Florida.

Climb Credit sued by CFPB for “false promises and outright lies”

/regulation

Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

WWF and TNFD partner up to launch nature-related data platform

/sustainable

WWF and TNFD partner up to launch nature-related data platform

The World Wildlife Fund for Nature (WWF) has collaborated with the Taskforce on Nature-related Financial Disclosures (TNFD) to form a global Nature Data Public Facility (NDPF) that will facilitate financial institutions in capturing and collected nature-related data.

HSBC to accept overseas credit history for UK mortgage applications

/retail

HSBC to accept overseas credit history for UK mortgage applications

HSBC is to make it easier for international customers with no local credit history to apply for a UK mortgage.

Banks urged to act now to avoid future quantum catastrophe

/security

Banks urged to act now to avoid future quantum catastrophe

Banking regulators have put the financial industry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

APP fraud declines in H1; card not present cases up by 26%

/security

APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

UK Government consults on new rules for buy now, pay later products

/regulation

UK Government consults on new rules for buy now, pay later products

The UK Government is pressing ahead with new rules designed to protect online shoppers using buy now, pay later products.

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