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Commanders-In-Chief Series

FIS Payments President On What Makes Innovation, Innovative
 

Not all innovation is all that innovative, yet its creators often come to that conclusion too late to course-correct. Bruce Lowthers — FIS EVP and Payments Division President — shares his “telltales” for separating the innovation wheat from the chaff.
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Procure To Pay

Government Procurement Lacks Agility, Transparency, Survey Finds
 

State- and local-level government procurement professionals feel overworked, lacking the resources to do their jobs right, finds a new report from B2G technology firm Onvia. Its new Procurement Performance Index signals a decline in agility, customer service and purchase transparency, which is bad news for these governments and the citizens they serve, Onvia said. The good news? The report found a few common best practices among high-performing government entities — and we've got them here.
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Looking Beyond Machine Learning To Balance Out Trade Finance Supply And Demand
 

A new International Chamber of Commerce Banking Commission report finds demand outweighs supply for trade finance among the world’s banks, but traditional FIs aren’t necessarily prioritizing upgrades to their trade finance products and services. Erez Saf, president of credit risk management company CRiskCo, makes the case for the industry to embrace technology beyond even machine learning, as evidence points to FinTechs as having the potential to address the supply-and-demand imbalance.

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