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Digital Offerings like BaaS to Contribute Over 40% of APAC Banking Revenue By 2030

Fintech News

In APAC, banks are providing financial marketplaces to drive customer trust and loyalty. They are also leveraging APIs to connect with third-party service providers, enabling them to offer a diverse range of products and services within their marketplace.

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How to Use Payment Orchestration Platform

Ikajo

In this way, a merchant gets access to accounts he opens for connection with different service providers through one platform. Using POP, he does not need to develop such accounts and support their technical integration, so it will no longer be necessary to involve third-party service providers.

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Expense Reconciliation: Step-by-Step Guide

Nanonets

This method is painstaking and involves matching each expense entry with the corresponding documentation—bills, invoices, purchase orders, cheques, bank statements and the likes—to identify discrepancies and errors. This process helps identify discrepancies such as missing transactions, bank errors, or unauthorised withdrawals.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

For financial services companies operating in New York, the Amendments mean a continued focus on cybersecurity governance and response, more compliance obligations and potentially higher operational costs (particularly for “Class A” companies), and corresponding increased enforcement risk.

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Cross-Border Payments Need More Than Bank-FinTech Collaboration

PYMNTS

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. “The nature and direction of these changes, however, [remain] unclear in many cases.” ”

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EU calls for industry feedback on digital product passport infrastructure

NFCW

Any company selling a product requiring a DPP in the EU will either have to process the information required for a DPP themselves or authorise a third party to do so. It is these third-party service providers that the EU is seeking feedback from with regards to a certification scheme.

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