Open Banking Adds Intelligence To Treasury Management

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more

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Temenos Preps For Aussie Open Banking With Avoka Takeover

Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Switzerland-based Temenos will acquire Australia-based Avoka for $245 million, reports said, following Temenos’ acquisition for Australia’s Rubik Financial last year. Temenos said it will

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Peru Taps Vocalink In Payments System Overhaul

Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. 12) that it has secured a contract with Cámara de Compensación Electrónica (CCE), the automated clearing house in Peru, to help transform payments infrastructure in that country. The initiative will focus on creating an architecture that will eventually allow for the real-time processing of electronic

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How Smarter Payments Are Making The Gig Economy Safer

The freelance market has expanded rapidly in recent years. According to the latest Gig Economy Index, 33.8 percent of the U.S. workforce acknowledged participating in some type of freelance work, drawn in by the flexibility of creating their own schedules and skipping the 9-to-5 grind. While the gig economy attracts strong participation, many of the space’s workers and employers still

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Amazon Prompts USPS To Monetize The Mailbox

Call it the Amazon Effect — of a different sort. News has come that the Trump administration wants to boost the United States Postal Service’s (USPS’) revenue, and has taken aim, in part, at a certain eCommerce giant. Might the economics of the last mile change, too? That serves as food for thought in the midst of the holiday season, where

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Study: Lyft Growing 2x As Fast As Uber

A new report has found that Lyft is growing twice as fast as its chief rival Uber. While both companies grew their revenue since last year, according to Second Measure, Lyft’s grew 32 percent — two times faster than Uber. As of October, Uber and Lyft together owned almost 98 percent of the U.S. consumer ridesharing market. Uber held 69.2

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Kroger Debuts Rx Membership Program

Kroger has launched the Rx Savings Club, which aims to significantly reduce the cost of prescription drugs for customers across the country. The program adds to the retailer’s Wellness Your Way platform, and was developed in partnership with GoodRx. “Kroger is redefining the customer experience by introducing new Wellness Your Way offerings like the Kroger Rx Savings Club,” said Colleen

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SoftBank Backs Indonesia eCommerce Co

SoftBank’s Vision Fund teamed up with Alibaba to lead a $1.1 billion funding round for Indonesian eCommerce site Tokopedia, according to a report by the Financial Times. The cash infusion for Tokopedia follows $3 billion raised by ByteDance, also with a significant portion coming from the Vision Fund, but not with Alibaba. The Chinese news feed and video company is

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