Synctera launches FinTech As A Service, SoFi eyes IPO via SPAC, The government’s push to make stimulus payments digital

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December 8, 2020

Breaking News

Synctera Brings 'FinTech As A Service' To Community Banks

FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Peter Hazlehurst, CEO of Synctera, tells Karen Webster that Synctera is a next-gen banking-services platform that facilitates FinTech scale by enabling banks to leverage their current compliance and account-servicing capabilities in new ways. It’s FinTech as a Service, and it launches today.

 

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PYMNTS TV: Government Disbursements

The Government’s Push To Make Stimulus Payments Digital

A new round of U.S. government stimulus payments could be on the horizon, but how Uncle Sam will efficiently get them to hundreds of millions of Americans remains unclear. Top executives from Ingo Money, J.P. Morgan and Wells Fargo join Karen Webster for an On The Agenda discussion about how the government can apply lessons learned from Stimulus 1.0 to make disbursements faster, more secure and digital the next time.

 

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AML/KYC Tracker

Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML

Cryptocurrency exchanges can be hotbeds for money laundering, with cybercriminals exploiting their semi-anonymous nature to process ill-gotten gains. In this month’s AML/KYC Tracker, Anthony Botticella, CEO of cryptocurrency exchange BitGo, discusses how these platforms can leverage mobile verification and behind-the-scenes transaction analysis to identify suspicious payments and stop money launderers.

 

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Chargebacks 

Dispute Resolution Set To Fight Expected Pandemic-Driven Fraud

Banks and merchants are bracing for a huge spike in fraud, disputes and chargebacks this digital-first holiday shopping season. But Keith Briscoe, Ethoca’s chief marketing and product officer, tells PYMNTS that providing consumers with data like a merchant’s detailed name or logo can avoid disputes and declined charges. 

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Video Content 

Digital-First Economy Values Personalized Video For Consumer Engagement 

Consumers have the need for speed and relevancy when it comes to content. As SundaySky CEO Jim Dicso told Karen Webster recently, video can streamline and personalize communication channels, which is becoming increasingly important to brands building customer relationships. 

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Digital Identity Tracker

Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

The pandemic has put small businesses in a world of financial hurt, with many looking to lenders for critical support. But lenders are facing their own challenges as they try to verify potential clients’ identities quickly and remotely. In the Digital Identity Tracker, Prasad G R, operations head at digital lender Capital Float, explains how pairing digital identity methods and video-based KYC processes can help lenders safely — and swiftly — onboard clients.

 

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