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Enforce Strong Internal Controls Without internal controls, nonprofits are vulnerable to financial mismanagement and fraud. Establish clear approval processes for all financial transactions, including vendor payments and employee reimbursements.
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Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. Moore explained that this also presents a window for financial institutions like Capital One to enter into the blockchain space altogether. ” .
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. “Open Banking provides banks an opportunity to use platform ecosystems to deliver more and better services, including helping their [SMB] and large corporate clients extend their market reach and leverage cutting-edge banking services.” ” Not everyone is convinced of the benefits of Open Banking efforts, however.
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