Amex closer to China entrance, Extend eyes v-card for expense management, and Deutsch Bank plans corporate banking cutbacks.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

April 272018

       BUSINESS TO BUSINESS EDITION

Financial Institutions

How To Future-Proof A Financial Institution

The pace of payments evolution isn’t about to slow down and wait for financial institutions to catch up. Instead, FIs must take the steps to “future-proof” themselves against the unknowns that lie ahead. Troy Hagey, KPMG, outlines how this can be done — and why it’s a must for banks.

 

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VC Investments

India's Alternative Finance Sector Shines Bright With Investors

Asia's FinTech market saw $2 billion in fresh funding during the first quarter of this year alone, according to CB Insights, with India and China two particularly strong markets in the region. This week, Asia's B2B FinTech investment game was certainly strong, with funding concentrated in — you guessed it — India and China, thanks (in part) to Amazon's high-profile investment in Capital Float.

 

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Commercial Cards

A Virtual Solution To Corporates' Prepaid Card Woes

Pre-loaded debit cards are often employers' choice for addressing the friction associated with employee expense reports. But with the freelance community quickly growing and employers reluctant to hand over the tool to a gig worker, prepaid cards may no longer be an option, says Andrew Jamison, CEO of Extend. Virtual card technology can address this challenge, he tells PYMNTS, but issuers have to get on board with the technology for broader adoption.

 

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