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BUILDING BETTER BANKING WEBSITES AND STRONGER FINTECH TEAMS


Last week, the podcast hosted Matthew Covi, co-founder and CEO of Signal Intent. A Best of Show winner in its Finovate debut this spring, Signal Intent builds financial calculators for banks, credit unions, and other financial services companies. These solutions, designed for the digital age, help companies enhance the customer experience they offer with what

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5 TECH TRENDS THAT ARE SHAKING UP THE FINANCIAL SECTOR


The use of fintech or financial technology is becoming increasingly widespread. Chances are that you’re using it, too, even if you don’t realise it. The developments in this area are a pretty positive thing, designed as they are to make personal financial management easier and improve financial literacy. As fintech experiences its meteoric rise and

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WHY FAIRER AI IS ESSENTIAL FOR LONG-TERM SURVIVAL


An important consideration for data scientists, businesses, and society as a whole, today centres on how we might establish AI as an indisputable and indispensable force for good in the world. For years, we have seen stories of bots and machines taking over the job market, discriminatory facial recognition technology, and few of us will

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INVOICE FINANCING 101: WHAT IS INVOICE AND RECEIVABLES FINANCING?


It’s undeniable that the pandemic has been especially hard on small to medium enterprises, or SMEs. While multinational corporations like Amazon and Tesla have grown astronomically over the pandemic, small disruptions, like late payments on invoices which are typically survivable in normal times, are causing many SMEs to go out of business. Although there are

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WHAT TO EXPECT AFTER BITCOIN PRICE STOPS NOSEDIVING


https://finovate.com/finovateasia-digital-banking-brand-intimacy-and-the-future-of-payments/ At one point on Wednesday, May 19, Bitcoin plunged 30% to near the $30,000 mark (a new low since February) before climbing back 8%. Altcoins suffered even bigger losses. Ethereum price crashed 46% on May 19 as it dipped from $3,441 to $1,850 (a day earlier, the 15% fall stopped at $2.9k). Just a

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BUSINESS CREDIT CARD VS. PERSONAL CREDIT CARD FOR BUSINESSES


Wondering why you need a business credit card when you already have a personal credit card? Whether you’re are a new business or already established, a separate credit card can help you build credit for your business – and it can help you keep expenses organized, which comes in handy at tax time.

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DATA AND INNOVATION KEY REQUIREMENTS FOR THE FUTURE OF TRADE FINANCE


There is a fundamental shift in how trade finance is taking place, with the use of data-driven decision-making to support more democratic access, beyond company size. Trade finance’s traditional focus has been that the larger the company, the easier the access to finance and borrowing terms based on balance sheets. This supported the growth of

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OPEN FINANCE – HOW TO MAKE MAKING TAX DIGITAL TRULY SUCCEED


With Making Tax Digital (MTD) now in full swing, HMRC is one of the most digitally advanced tax administrators in the world. But for many small business owners, MTD is new territory and HMRC is a black hole of information. Due to COVID-19, HMRC made the swift decision to delay phase two of MTD, meaning

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HOW TO PROGRESS YOUR PAYMENTS WITH AR AUTOMATION


There’s an enormous payoff when it comes to digitalizing invoicing and Accounts Receivables (AR): greater efficiency, improved cash flow, and better customer retention are just a few. On the flip side, those businesses that are still conducting AR manually are finding it harder to recover from the economic impact of COVID-19, according to our recent