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Rules targeting financial criminals will require new filings for startups and small businesses

GeekWire

Startup and small business owners take note: if your company has 20 or fewer full-time employees and gross annual sales of less than $5 million, there’s a new federal filing requirement that you need to know about. Insignia of the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

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Making data accessible with OCR

Dataconomy

From improving healthcare outcomes to enhancing fraud prevention in the banking industry, the potential applications of OCR technology are truly limitless. This demonstrates the potential of OCR technology to streamline financial processes and support businesses in achieving their goals. So what does OCR stand for?

Data 57
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. more ] Six ways technology is transforming small business (1) Greytip Online wrote:When we talk about productivity and.[

Banking 60
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Lloyds TSB pilots social media - Trends in the Living Networks

Trends in the Living Networks

» Lloyds TSB pilots social media Ross Dawson, February 26, 2008 7:30 PM US PT James Gardner, head of innovation at Lloyds TSB, writes consistently on his blog Bankervision , disclosing some of the key issues involved in innovating in a major bank. more ] Categories Business relationships(47) Collaboration(51) Enterprise 2.0(134)

Media 60
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How to make Facebook secure for organizational use: no more excuses! - Trends in the Living Networks

Trends in the Living Networks

For now it is being trialled in three large institutions, including a global retail bank with 70,000 staff that had received loud complaints from staff when it banned Facebook, and an investment bank that tried to implement an in-house social network based on Sharepoint that its employees didn’t use. So the excuses are running out.

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Building Identity Systems on the Sovrin Network

Phil Windley

For example, I may have a credential representing my drivers license and one representing my employee ID. Yet, because they're based on a metasystem and use a common protocol, I could go to the bank and use those in concert to prove that I'm employed (employee ID) and my date of birth (drivers license) at the same time in one operation.

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