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US commercial card spend expected to exceed $1 trillion by 2024

Accenture: Banking

Long-standing and emerging commercial card providers are developing innovative strategies to move more spend to card-based products, and broader B2B payment trends are anticipated to both blur the lines and buoy growth. Commercial Card….

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Fraud risk could run to billions in PPP loans

Bank Innovation

Fraud is a common trend with government relief programs. Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the struggle is to keep the platforms running while weeding out potentially fraudulent applications.

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Why FIs Are Laser-Focused On Corporate Credit Innovation

PYMNTS

However, the parameters of innovation are shifting from a few years ago, when FIs were more inclined to roll out new products and chase shifting market trends. percent said they prefer to observe market trends before quickly unveiling their solutions.

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Data shows smaller FIs are far behind because of weaker mobile technology

Bank Innovation

Underlying macro trends where big banks continue gaining share, data on product and feature-level propositions provides a granular view of […]. Smaller banks and credit unions are under increasing pressure from larger banks and tech-centric financial services companies.

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TRENDING NOW: How IT Infrastructure Stunts FI Innovation

PYMNTS

Just ahead of the launch of the PYMNTS Bank Innovation Readiness Index, an i2C collaboration, PYMNTS’ Karen Webster caught up with Gross to review and discuss the results of the research. He also noted that the findings may prompt some FIs to reconsider which institutions and companies pose the biggest competitive threat.

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Why FIs’ Top Performers Sat Shotgun With The Competition In 2018

PYMNTS

In fact, they make the timing of their product rollouts a crucial part of their innovation strategies. Only after observing their competitors’ missteps do they fully commit to the rollout of their innovations. percent of the top innovators in the financial sector said they observe market trends first.

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New Digital Experiences Keep Credit Unions Relevant – And Then Some

PYMNTS

Collectively, these solutions and tools have helped our owner credit unions navigate the rapidly changing landscape while adapting to the evolving needs of their members.”.

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