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Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

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U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World

Fintech Finance

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

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Crypto Goes After Intercompany B2B Payments

PYMNTS

Corporate payments are still not a guaranteed use case for cryptocurrencies. One of the most promising use cases, he said, is in the friction companies experience moving money within the organization itself — that is, making payments to subsidiaries or business units, particularly when those entities exist across borders.

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 World Bank Sees DLT Potential For Cross-Border Transactions

PYMNTS

Indeed, B2B cross-border payments, traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post. As a result, DLT can lower costs, and boost transparency, in part by eliminating the need for a correspondent banking relationship.

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How to Extract Key-Value Pairs Using Deep Learning

Nanonets

This tutorial blog examines some of the use cases of key-value pair extractions, the traditional and current approaches to solving the task, and a sample implementation with code. Even in the business world, invoices use this structure: items purchased are the keys, with prices as their corresponding values.

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What is Intelligent Document Processing?

Nanonets

IDP is increasingly being used in various industries such as finance, healthcare, and government, to automate many document-intensive tasks such as invoice processing, contract management, and compliance reporting among others. You can also schedule a demo to learn more about our IDP use cases ! from 2021 to 2027.

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Payment Rails Search For Harmony In B2B Payments

PYMNTS

New research from Tipalti, conducted by Levvel Research, found that when it comes to cross-border B2B payments, wire transfers remain the most common method (cited by 69 percent of survey respondents), despite the high fraud risks and sluggish speed of the tool. In B2B payments, though, legacy tools continue to lead.

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