Sun.Sep 08, 2019

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Money without government? Emperor’s without Clothes?

Chris Skinner

I finally hit the nail on the head about why you can’t have money without government. It’s because you can create as open a system, complex a platform, distributed an idea, decentralised a currency as you want but, unlike most industries, without some form of supervisory oversight, the whole financial … The post Money without government? Emperor’s without Clothes?

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Monster: Job Seekers’ Resumes Were Exposed Online

PYMNTS

Monster.com was the victim of a data breach caused by an exposed web server, but failed to inform users about the incident. The server held the resumes of job applicants spanning 2014 and 2017, and included private information such as phone numbers, home addresses, email addresses and prior work experience. TechCrunch reviewed many of the documents and reported that most of those impacted were located in the United States.

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Things worth reading: 9th September 2019

Chris Skinner

Things we’re reading today include … What’s Driving The Digital Banking Boom In Latin America Eurofi: inside the ‘think-tank’ at the heart of the EU KPMG predicts no-deal Brexit recession in 2020 Dorian industry insured losses seen in several billions of dollars: Munich Re Not so grand: the FCA must … The post Things worth reading: 9th September 2019 appeared first on Chris Skinner's blog.

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Jack Dorsey Says No To Square’s Version Of Crypto

PYMNTS

There are no plans for Twitter to create its own digital currency similar to Facebook ’s Libra. Founder Jack Dorsey said in an interview he has no interest in developing a cryptocurrency for either Twitter or Square , according to The Sydney Morning Herald. Dorsey instead promoted the use of Bitcoin , adding he thinks “open internet standards serve every person better than ones controlled or started by companies.”.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Investors push installment payments into more mature markets

Payments Source

Fintechs providing installment loans are attracting significant funding from investors who see opportunities in developed economies for consumer financing products, which are already well established in emerging markets.

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Robots should take over wholesale payments

Payments Source

Enterprise payments remain a complex litany of disparate processes burdened by fraud, labor and errors, says Troovo's Kurt Knackstedt.

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Getaround Car Sharing Platform Raises $200M At $1.7B Valuation

PYMNTS

Car sharing marketplace Getaround is looking to raise up to $201.5 million in Series D extension funding, which would boost the company’s valuation at up to $1.7 billion. According to PitchBook , the final terms and details of the financing have not been announced and are subject to change. A spokesperson from Getaround declined to confirm the round.

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Powerful New Signals for Financial Marketers From Millennial Segment

The Financial Brand

Challenge and opportunity define this huge generation. Financial institutions that take the right approach (and walk the talk) stand to win. The post Powerful New Signals for Financial Marketers From Millennial Segment appeared first on The Financial Brand.

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WeWork IPO Status Uncertain As Valuation Could Dip Below $20B

PYMNTS

WeWork is moving ahead to roll out an investors’ roadshow as it looks for an initial public offering (IPO) as early as next week, sources told Reuters on Friday (Sept. 6). The company’s IPO was deemed controversial after U.S. discussions estimated it could be valued at just slightly more than $20 billion. That figure is less than half of its $47 billion valuations following January’s fundraising round.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Now is the Time for Financial Institutions to Prepare for a Gen Z Workforce

The Financial Brand

An important part of digital banking transformation is finding ways to hire, train and retain tech savvy Gen Z workers. The post Now is the Time for Financial Institutions to Prepare for a Gen Z Workforce appeared first on The Financial Brand.

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US Congress Discovers Alleged Flaws In Deutsche Bank Controls

PYMNTS

U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that Deutsche Bank handed over numerous transaction records, emails and other documents, and investigators discovered instances in which staff noted concerns about new and existing Russian clients — only to be ignored by managers.

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Which Digital Ads Bug Banking Consumers Most & Why They Hate Them

The Financial Brand

Video marketing messages, animated banners and ads that follow you around a site can annoy the heck out of bank and credit union prospects. The post Which Digital Ads Bug Banking Consumers Most & Why They Hate Them appeared first on The Financial Brand.

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