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Financial News
TechBullion
7d
8
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5 Strategies to Speed Up the Customs Clearance Process
- Working with experienced customs brokers is essential to accelerate customs clearance.
- Ensuring accurate and complete documentation helps prevent customs clearance delays.
- Proper classification of goods under the appropriate HS code avoids unnecessary scrutiny.
- Participating in pre-clearance programs expedites the customs review process.
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TechBullion
7d
324
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Chainlink is Old News: This $0.14 Altcoin Could Be Set to Beat XRP After Listing Hype
- Investors are shifting their attention to a new altcoin called DTX, priced at $0.14, which is gaining hype in the market.
- Chainlink (LINK) has shown stability in price but is facing a trend reversal, while Ripple (XRP) remains consistent despite legal obstacles.
- DTX Exchange (DTX) is gaining momentum and aims to outpace Ripple (XRP) and Chainlink (LINK) with its innovative features and listing hype.
- DTX offers a multi-asset approach, high scalability, leverage options, and no-KYC policies, attracting attention and praise from analysts.
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TechBullion
7d
178
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Interview: Suman Deep on Revolutionizing Customer Success through Digital Transformation
- Suman Deep, the digital transformation expert has authored a book named 'Digital Transformation for Customer Success- The New Age Success Mantra' which emphasized the importance of ethical AI in CRM systems.
- The book focuses on how AI ethics can impact customer relationships and the importance of aligning those tools with a company's core values.
- Suman is a veteran of multiple companies including Salesforce and Facebook, making him the right person to combine ethical and technical aspects of digital transformation.
- He mentions that an ethical framework is needed while incorporating AI in customer relationship management to ensure customer data is handled transparently and responsibly.
- AI adoption by businesses is still a challenge due to the lack of understanding of the technology.
- To be able to demystify AI technology, businesses must start by focusing on small and manageable AI implementations relevant to their needs.
- Another significant challenge in AI adoption is the fear of ethical pitfalls concerning bias in algorithms and the misuse of customer data.
- Nonprofits have unique challenges, but also outstanding opportunities to leverage AI and CRM systems to engage with their communities, raise awareness and drive donations.
- AI can be used by nonprofits to predict customer behavior, tailor communications, and automate repetitive tasks while using it as a tool to enhance their mission.
- Finally, he believes that we are at the dawn of a new era of customer success, where AI will play a considerable role in creating more personalized, ethical and transparent interactions.
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TechBullion
7d
261
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KYC Process Explained by 5th Digital Corp
- The KYC process helps prevent financial crimes while ensuring a seamless customer experience.
- Legacy systems store customer data in disconnected silos leading to inefficiencies in onboarding.
- A robust customer verification process cannot rely solely on the initial information gathered during onboarding.
- Non-compliance with customer verification procedure regulations can result in hefty fines.
- A continuous KYC approach can mitigate risks of non-compliance and reputational harm.
- Machine learning and AI tools can streamline customer verification procedure workflows reducing workload and enhancing accuracy.
- Simplifying and speeding up the onboarding process leads to satisfied clients, lower abandonment rates, reduced costs, and quicker revenue generation.
- Access to accurate, high-quality data is the cornerstone of a robust KYC process.
- Modern automation solutions include tools like intelligent document processing (IDP) to extract relevant data.
- Banks should invest in workflows that are reusable and adaptable to evolving regulations.
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The Fintech Times
7d
349
Checkout.com Partners With noqodi to Streamline Payment Processes for Merchants in the UAE
- Global payment solutions provider Checkout.com is partnering with noqodi to enhance payment processes for merchants in the UAE.
- Checkout.com will integrate its payment technology with noqodi's platform to streamline payment processes and improve operational efficiency for UAE-based merchants.
- The collaboration aims to advance digital payments in the UAE, offer a wider range of payment methods, and ensure faster transaction processing times.
- Businesses and government entities using noqodi will gain access to Checkout.com's global network and enhanced payment capabilities.
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TechBullion
7d
124
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How to Choose a Leg Press Machine
- The leg press machine is a staple in gyms worldwide, revered for its effectiveness in building lower body strength and enhancing overall fitness.
- Executing the leg press with proper form is crucial to maximize benefits and prevent injuries.
- Incorporating different variations can target muscles from various angles, enhancing overall leg development.
- Ensuring safety while using the leg press machine is paramount to prevent injuries and achieve optimal results.
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TechBullion
7d
241
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How to Build a Tech Company That Investors and Customers Love
- To build a tech company that grabs the attention of investors and keeps customers coming back, it is necessary to create something that resonates with both. Start with a clear vision and value proposition that is compelling and unique, communicate with investors and customers as partners. The people who help turn your vision into reality need to be on board with your mission and closely aligned with the company's culture.
- Employing multiple touchpoints for customer service is crucial, granting customers control and flexibility to engage with their support team to resolve issues. Remember that a strong customer experience leads to repeat customers and enthusiastic advocates who will spread the word about your brand.
- A well-thought-out business model is crucial to show investors that there is a clear path to profitability. Keep your financials in order, but they do not need to be figured out right away. Planning shows investors you know what you're doing and will avoid nasty surprises along the way.
- Innovation is the lifeblood of a tech company, building a scalable product that keeps evolving will help you stay ahead of the competition.
- Building a company culture that is desirable to employees, motivating and values everyone is essential for success. Good company culture helps retain a workforce that believes in the company's mission and are aligned with the firm's goals.
- In the tech world, data is king, actionable data helps track metrics, customer feedback, and understand what's working; data-driven decisions make for better outcomes.
- Investors want to know that you're on top of things. Keep them updated on your progress, your wins, and the challenges you're facing. Investors are more likely to support you if they feel like you're on top of things.
- In conclusion, to build a tech company that investors and customers love, creating something the meets needs is essential. A solid vision, constant innovation, a great team, and a focus on customer experience will take you far. Attention to detail, financial planning, and relationships built along the way will make all the difference.
- Creating a company with people who can't stop talking about it is the goal—it's what both investors and customers are waiting for.
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Banking Frontiers
7d
411
Digitization embraces the senior citizens
- Shriram Capital's Chief Digital Officer Ajay Thomas shares how the company has transformed 2-wheeler loan origination and launched an all-in-one Super App for consolidated financial services.
- The company revamped its Loan Origination System and decreased manual entry fields by 30%, achieving a 30% increase in automation, while also simplifying the KYC process through API automation.
- Shriram Finance completely digitalized its fixed deposit product and implemented measures to assist senior citizens with tailored initiatives such as an FAQ section and a WhatsApp-based platform.
- Digital transformation involves non-product drivers of customer loyalty such as transparency and trust, personalization, and a seamless omni-channel experience. Shriram aims to create a financial super app that embodies these traits.
- Balancing intellectual capabilities with a humane perspective is important in designing AI systems, according to Thomas, as well as integrating domain expertise, prioritizing data privacy and bias, and establishing a feedback loop.
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Fintechnews
7d
270
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Singapore Will Not Include Credit Card Fraud in Shared Responsibility Framework
- Singapore's government clarifies that the Shared Responsibility Framework will not apply to credit card fraud cases.
- Existing robust protections for consumers are already in place, including safeguards implemented by global card schemes and card issuers.
- Security measures such as the 3-D Secure protocol and real-time transaction monitoring have been strengthened to combat fraud effectively.
- Existing regulations and chargeback mechanisms offer consumer protection and recourse in cases of unauthorised transactions.
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Pymnts
7d
1.8k
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AWS to Invest $11 Billion in Georgia to Expand AI Infrastructure
- Amazon Web Services (AWS) plans to invest at least $11 billion in Georgia to expand infrastructure to support cloud computing and artificial intelligence (AI) technologies.
- The investment is expected to create at least 550 new skilled jobs and bolster the state’s position as technology hub.
- The investment will help expand data centers in the state, creating hundreds of new AWS jobs and supporting jobs in construction and the data center supply chain.
- Microsoft also announced plans to invest $80 billion to build AI-focused data centers, citing a golden opportunity for American AI.
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Fintechnews
7d
216
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Singapore Passes Scams Bill to Restrict Bank Accounts of Potential Victims
- Singapore’s Parliament has passed the Protection from Scams Bill, granting authorities the power to issue Restriction Orders (ROs) that temporarily freeze bank transactions and credit facilities for individuals identified as potential scam victims.
- ROs will be issued as a last resort after other interventions have been explored, and will initially last 30 days and can be renewed up to five times if necessary.
- The bill includes an appeals process for individuals who believe an RO was wrongly issued, and internal controls ensure that ROs are approved at an appropriate level of seniority.
- The legislation grants immunity to banks and their staff for actions taken in good faith and with reasonable care when enforcing ROs, and non-compliance could result in fines of up to S$3,000.
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Pymnts
7d
378
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Financial Services Legislation Is in the Spotlight as the 119th Congress Settles In
- The 119th Congress is poised to consider financial services legislation that may touch on credit cards, earned wage access, and digital assets.
- The roles and scope of the Federal Deposit Insurance Corp. (FDIC) and the Consumer Financial Protection Bureau (CFPB) are yet undetermined.
- Key legislation to be considered includes the Credit Card Competition Act, the Earned Wage Access Consumer Protection Act, and bills related to digital asset markets, crypto, and AI.
- There is a growing bipartisan consensus in Congress regarding the need for crypto and AI legislation, with potential bills on stablecoins and regulation of crypto assets expected to move forward.
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The Fintech Times
7d
54
Hitting the $1billion Mark: 2025 Looks Promising for Digital Lending in the Philippines
- The digital lending market in the Philippines is projected to reach $1 billion by the second half of 2025.
- In 2024, the lending market size was estimated to be $796 million, and it is predicted to continue growing.
- Non-bank digital lenders are expected to make up 55.2% ($556.5 million) of the market, while digital banks will comprise 44.8% ($451 million).
- The growth in digital lending is driven by the accessibility it provides to the financially underserved population and the support of the government in promoting digitalization.
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Pymnts
7d
195
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Apple Under Fire for Fake AI-Generated News Summaries
- Apple is facing criticism over its AI-driven news summary feature.
- Inaccurate and misleading headlines have been produced on iPhones.
- The BBC highlighted the issue in December and Apple repeated the offense in January.
- Apple is urged to address the accuracy issues by media outlets.
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Pymnts
7d
333
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Gig Economy Platform Angi Services to Settle FTC Complaint
- Gig economy platform Angi Services, formerly Handy Technologies, is set to settle a complaint filed by the Federal Trade Commission (FTC) and the New York attorney general.
- The authorities allege that Angi Services deceived workers about potential earnings and failed to disclose fees and fines.
- Angi Services has agreed to pay $2.95 million and make substantial changes to its business practices.
- The settlement aims to hold Angi Services accountable and provide restitution to thousands of misled workers.
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