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AI, ML and RPA Can Strengthen Reconciliation Systems For BFSI Sector

With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts tremendous pressure on any institution’s back office to support multiple intraday settlement cycles and reconcile data in near real-time.

Continue Reading AI, ML and RPA Can Strengthen Reconciliation Systems For BFSI Sector

AI, ML and RPA Can Strengthen Reconciliation Systems For BFSI Sector

With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts tremendous pressure on any institution’s back office to support multiple intraday settlement cycles and reconcile data in near real-time.

Continue Reading AI, ML and RPA Can Strengthen Reconciliation Systems For BFSI Sector

HUB Security Teams with Marsh to Offer Unique Insured Storage Solution for Digital Asset Custodians

HUB Security, a leading hardware cybersecurity solutions provider, announced today its collaboration with Marsh, the world’s leading insurance broker and risk adviser, to offer a unique insured storage solution that enables US-based financial institutions to securely and with confidence offer digital asset custodial services.

Continue Reading HUB Security Teams with Marsh to Offer Unique Insured Storage Solution for Digital Asset Custodians

HUB Security Teams with Marsh to Offer Unique Insured Storage Solution for Digital Asset Custodians

HUB Security, a leading hardware cybersecurity solutions provider, announced today its collaboration with Marsh, the world’s leading insurance broker and risk adviser, to offer a unique insured storage solution that enables US-based financial institutions to securely and with confidence offer digital asset custodial services.

Continue Reading HUB Security Teams with Marsh to Offer Unique Insured Storage Solution for Digital Asset Custodians

RTP, Blockchain Make Inroads Within Corporations

As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S. Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements.

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Mastercard Launches Digital Currency Kit for Central Banks

In the 10 years since Bitcoin came on the financial scene, central banks have quietly been dabbling in digital currencies of their own. Now, Mastercard has unveiled a tool designed to simulate how those currencies would work in the real world.

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Grant Thornton Moves Intercompany Transactions to EOSIO

Major U.S. accounting firm Grant Thornton has announced a new platform for its clients to handle their intercompany transactions using the EOSIO blockchain. By doing this, they capture a small slice of an area worth $40 trillion annually.

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