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How vendor relationships affect banking technology success

Abrigo

Learn why Unique needs & challenges Each financial institution is unique, and adopting new technology requires thoughtful integration withor changes toexisting operations. Risk Analytics Manager Claudia Palmer Martinez of Bradesco Bank had a similar experience. 2,400+ institutions trust Abrigo.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. As such, operating accounts have low-interest rate sensitivity.

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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

They now operate together under the Syncapay brand umbrella via a holding firm created with a new majority equity investment from funds that Centerbridge Partners advises, according to the announcement. “The 10) announcement.

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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase

PYMNTS

StockX has notched $275 million in a Tiger Global Management-led Series E funding round. The company, which is based in Pennsylvania, operates over 673 retail stores in 45 states and through the web at rue21.com. Plus, the convenience store vertical has seen $21.7 billion of consolidation deals unveiled in the past four months.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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Wirecard Shares Surge As Investors Offer To Buy Insolvent Payments Company

PYMNTS

Michael Jaffe, the company’s insolvency administrator, said Wirecard has enough liquidity to keep operating for the time being. The Pennsylvania-based firm, which calls itself a self-sustaining entity, substantially autonomous from Wirecard AG with more than 20 years in the payments industry, has hired an investment bank to manage the sale.

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The company, which currently operates 156 grocery stores, noted that the complimentary pickup is available on all Fast Lane orders that are at least $50, while half-off delivery is available on orders of more than $100. Giant Eagle Unveils Multi-Tier Rewards Program.