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French Hill Says Lawmakers Must Balance Consumer Protection and Innovation
French Hill Says Lawmakers Must Balance Consumer Protection and Innovation
October 25, 2023  |  Payments Innovation

FinTech firms’ products and services provide benefits that far exceed the risks they pose. So said Rep. French Hill of Arkansas, chairman of the House...

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Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
October 25, 2023  |  Partnerships

Bain Capital and Smith Hill Capital have formed a joint venture aimed at serving the finance needs of companies and assets in the hospitality sector. With a goal...

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BILL Debuts New Purchase Order Tools for Small Businesses
BILL Debuts New Purchase Order Tools for Small Businesses
October 25, 2023  |  B2B Payments

Financial operations platform BILL has introduced new capabilities for small businesses and accounting firms. The San Jose company announced Wednesday (Oct. 25) that it was rolling out automation technology...

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CFOs Use Automation for Fraud Prevention More Than for AP/AR
CFOs Use Automation for Fraud Prevention More Than for AP/AR
October 25, 2023  |  Accounts Payable

In today’s fast-paced business world, companies are constantly looking to streamline operations and increase productivity. One area in need of this streamlining that often requires...

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BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
October 25, 2023  |  Banking

BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank’s earlier debut of...

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CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
October 25, 2023  |  Debt

Consumers have been racking up credit card debt in the time since pandemic-era relief programs ended. Total outstanding credit card debt topped $1 trillion at...

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Barclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays Will Cut 3% of U.S. Consumer Banking Staff
October 25, 2023  |  Personnel

Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.  “We recently streamlined and simplified our U.S. Consumer Bank operating model,...

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Amazon Launches AI-Powered Image Generation Tool for Advertisers
Amazon Launches AI-Powered Image Generation Tool for Advertisers
October 25, 2023  |  Artificial Intelligence

Amazon Ads introduced a new generative artificial intelligence (AI) solution for image generation, aimed at helping advertisers enhance their ad campaigns and create more engaging...

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Bankman-Fried Will Take Stand at His Fraud Trial
Bankman-Fried Will Take Stand at His Fraud Trial
October 25, 2023  |  Legal

FTX founder Sam Bankman-Fried is reportedly planning to testify in his own fraud trial. Bankman-Fried’s attorney revealed that information in a conference call Wednesday (Oct. 25), according to...

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