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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Venture capitalists and equity investors targeted companies that apply big data technologies, including artificial intelligence, to an array of use cases, including fleet and manufacturing — leading to more than $322 million raised for B2B startups this week. Cross River Bank. Cross Creek Advisors and previous backers also participated.

Analytics 176
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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Efficiency now: 8 smart strategy tips

Independent Banker

Use technology to drive down costs. Adkins agrees that using technology to streamline backroom processes is a golden opportunity that’s not always seized. “I Community banks need to take advantage of the digitalization of banking operations.”. ? You don’t go to school to learn how to become head of deposit operations.

Strategy 135
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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. Baumgärtner also coauthored the report. ” Positive Developments, New Opportunities.

Survey 109
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How Masabi Makes Public Transit Ticketing Mobile

PYMNTS

According to Jonathan Donovan, chief product officer at mobile ticketing and payment technology provider Masabi , one only needs to fish out a cell phone to put these troubles to rest. with a platform called JustRide, which is a cloud-based collection of railways, and we launched in Boston with the city’s commuter rail service,” Donovan said.

Mobile 161