Amazon brings Prime to U.K. businesses, corporates warn of lackluster earnings and Acuris talks AML's tech challenge
| | | | BUSINESS-TO-BUSINESS EDITION | | APIs For FinTech Firms And Installment Plans APIs are making inroads, used by FinTech firms and banks to offer financial services to corporates and consumers. This weekâs news touches on banking in South Korea and consumer lending at the POS, via Visaâs new installment lending pilot program. |
| A New Divide In Business Banking? While traditional banks have taken measures to strengthen their positions with small businesses (SMBs) in recent years, FinTech firms and alternative lenders continue to press further into the SMB market. At the same time, traditional FIs are investing in tech to augment services for large corporates. Their efforts may be fueling a divide between SMB-serving FinTech firms and corporate-targeting banks. |
| | Data & BI | | Tech Stumbles As Banks' Compliance Pressure Rises Collecting data is a vital part of financial institutions' compliance and anti-financial-crime efforts, but they can't go it alone. Acuris Risk Intelligence's Head of Market Planning Nick Parfitt tells PYMNTS about the challenges of collecting, verifying and analyzing information as AML and other compliance requirements ramp up â and why AI isn't the silver bullet to these hurdles. |
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