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Global banks turn to fintechs to cut operational costs and pursue innovation
CISION PR NewswireFinastra survey, produced in collaboration with East & Partners, indicates that banks are investing heavily in fintech partnerships and digitalization to help them adapt to customer and regulatory demands
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Global Banks Turn to Fintechs to Cut Operational Costs and Pursue Innovation
Finastra research reveals that fintech partnerships are a critical part of a bank’s strategy, with 3 in 4 global banks planning to connect with an average of 3 fintechs in the next 12-18 months. The largest proportion of respondents want to plug into a platform of integrated fintech solutions (56%), with only 6% preferring to build capabilities in-house. This is particularly prevalent in Europe, where this is 73% and 5% respectively.
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Build a formula to win: Orchestrating digital transformation in global banking
In a survey of over 780 interviews with 250 major banks across the globe, Finastra and East & Partners open the lid providing insights into how the tactical playbook for banking is changing for banks, and why the growing importance of technology in the banking industry is fueling a new age of competitive, ESG-related digital banking.
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Banks lag on corporate digital currency appetite
The opportunities offered by blockchain and digital currencies could not have come at a more challenging time for the world’s banks.
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Supply Chain Finance Uncertainty in Global Supply Chains Is Going to Stay
Wed, January 11, 2023 Global  Citibank ,Citigroup ,Supply Chain ,Supply Chain Financing ,Trade FinanceTrade flows are a fundamental driver of global economic growth and commerce, mitigating pressures and inflationary challenges, with social and environmental benefits intrinsically linked to that growth. Trade accounts for 52% of global GDP, according to the World Bank.
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VIDEO | Visa: the highs and lows of B2B payments
To learn more about the cross-border B2B payments landscape, Trade Finance Global (TFG) interviewed Ben Ellis, global head of Visa B2B Connect.
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Visa, TD Securities boost cross-border payments via Visa B2B Connect
Visa Canada and TD Securities have announced TD as the first Canadian financial institution to join Visa B2B Connect.
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Visa: Making Cross-border B2B Payments More Efficient, Fast, and Transparent
The world is emerging—albeit at an uneven pace—from the shutdowns and slowdowns brought on by the COVID-19 pandemic. It is difficult to point to silver linings over the last two plus years, given the loss of millions of lives, but there were mitigants—capabilities and technologies that allowed some aspects of life and commerce to continue on and prevent a bad situation from becoming even worse for consumers, small businesses, and the families of migrant workers.