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Jim McCarthy, president of i2c, told PYMNTS Karen Webster that banking is sure to follow the embedded path weve seen pretty much everywhere else in life.Consider the fact that not all that long ago, navigation was not part of the car; it was something you had to bring into the car, with a GPS system. Now Its embedded. Cameras Embedded into smartphones.To get there, he said, Western banks 鈥?which have been built up around the core activities of deposits and lending 鈥?might take
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stanley romania elsewhere in the world, as open banking takes root in Europe and super apps emerge in Asia.To get there means embracing a mindset shift. As he put it, Banks here have not looked at payments as a profit center, and they did not care about cash flows. But now, in the age of the pandemic, financial institutions FIs are taking a hard look at what money really means: Its about cash in and cash out, for consumers and commercial enterprises alike.Embedded finance, he said, is a natural step in the evolution of banking because it centers on the most important relationships people have with their money: where it sits, and where that money needs to go. It can be defined as the integration of a financial solution into a businesss infrastructure.See also: Why Every Bank Can Be, and Should Be, a Banking-as-a-Service CompanyIn terms of mechanics, embedded finance/banking is intended to streamline access to lending, i
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Coming under growing fire from many Western brands over the number of counterfeit goods sold on its site in recent months, Alibaba announced another new initiative last week aimed at helping it better combat the num
stanley usa ber of counterfeit goods found on its site.Alibaba held its inaugural Rights Holders Collaboration Summit on Friday July 1 in Hangzhou, China, where it invited more than 100 brands to discuss the issues of international brand rights and intellectual property enforcement. Among those brands present
gourde stanley were Louis Vuitton, Burberry, Apple, Hewlett Packard, the Chinese British Business Council and the Quality Brand Protection Committee.Alibaba also announced the launch of its IP Joint-Force System, a new online platform designed to streamline IP-related communications between brands and Alibaba, according to a statement from Alibaba.The system, which launched July 1, is intended to streamline communication between brands and Alibaba if they feel there is a product that too closely mirrors their product being sold on Alibabas site. Under the system, each brand that participates will be given a dedicated online portal and Alibaba
stanley termosy account manager to enhance collaboration, Alibaba said in a statement.The system, according to Alibaba, will allow it to directly and efficiently seek information from rights holders regarding suspected counterfeit product listings, which Alibaba, as a third-party marketplace, is unable to authenticate on its own. Ecommerce has beco
