Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

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Customer Experience Fintech Regional Cards 127

PYMNTS

JANUARY 3, 2020

Call it a crisis that crosses the pond, will last into 2020 and, likely, beyond. More than 9,300 stores went dark, and among them were locations operated by marquee names, such as Sears , Party City and Payless. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019.

Retail 131

Retail Samsung National Taxes 131

PYMNTS

DECEMBER 28, 2020

Direct-to-consumer (D2C) brands came in two flavors during 2020. Formed in 2008, Green Goo is a women-owned, family-operated company that started out making skin products and first aid salves for friends and family. That group is more exciting. Here are three we were most impressed by during the year.

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Branding Retail Philadelphia Marketing 162

PYMNTS

JUNE 15, 2020

Walmart last month launched Walmart Pay, its touch-free payment system, while expanding the ability of customers to shop online by rolling a number of apps into one central Walmart app.

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Arkansas United States Regional Online 280

PYMNTS

JULY 1, 2020

We can only hope at this point for a gradual recovery,” LVMH Chairman Bernard Arnault told investors on an online call Tuesday (June 30). That estimate comes from market intelligence company GlobalData, which predicts that total spending in the region will dip to $60.3 billion in 2020, compared to $62.4 billion in 2019.

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PYMNTS

JULY 22, 2020

A study from AppsFlyer and Google found that global ATM use had decreased by 50 percent since the beginning of the outbreak as social distancing and stay-at-home orders have increased customers’ reliance on mobile apps and online banking options rather than ATMs. Scotiabank On How COVID-19 Could Lead To Lasting Change In Banking Operations.

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ATM Digital Banking Alabama Study 225

PYMNTS

JUNE 19, 2018

Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said. This is the estimate of global card fraud losses by 2020. Consider the U.K.,

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Fraud Analytics Online Cards 138

PYMNTS

JUNE 18, 2020

The pandemic is having monumental impacts on restaurants’ operations and interactions with potential diners, pushing to the forefront services that offer quick and seamless online ordering tools to reach customers stuck in their homes. locations to allow customers who have placed online orders to conveniently and safely grab them.

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Report Online Strategy social media 189

PYMNTS

JULY 21, 2020

As it begins a new period of growth, ALDI intends to open over 70 new retail locations by the conclusion of 2020. ALDI said it keeps planning “aggressive growth” and will come into Arizona later in 2020 with four new locations in the greater vicinity of Phoenix. ALDI also said it has grown its online shopping selections.

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Alabama Phoenix Arizona Florida 159

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. Security .

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Data Retail US California 199

PYMNTS

NOVEMBER 8, 2016

The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. Southeast Asia certainly has the population Amazon seeks in its international investments: The region is home to over 600 million consumers.

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Regional New York City National Google 148

PYMNTS

DECEMBER 30, 2019

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Reuben Lai, Senior Managing Director with Grab Financial Group, said the core of their mission has always been to “solve everyday challenges and unlock economic potential” in the region.

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Digital Banking Groups Online Regional 134

PYMNTS

SEPTEMBER 4, 2019

DoorDash will start out delivering in Melbourne’s central business district and inner suburbs and expand to the rest of the country by the end of 2020, the company said in a blog post. . North America’s biggest food delivery service was launched in 2013 and operates in more than 4,000 U.S. cities as well as in Canada.

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PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools.

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PYMNTS

JULY 1, 2020

Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? It’s true, but not for long. Many of these legacy banks are also planning to integrate AI [artificial intelligence] tools, but their reliance on outdated infrastructure could be hindering their cloud migration plans.

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System Digital Banking Tools User Experience 268

PYMNTS

SEPTEMBER 7, 2020

The conversation came against a backdrop where the number of fundraising deals in the Southeast Asian region were higher in 2020, as measured through the second quarter — more than 60 percent higher over the second quarter of last year, in fact, to 184 deals as measured by DealStreetAsia.

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Capital Regional United States Meeting 298

PYMNTS

JANUARY 2, 2020

Regulators are looking to PSD2 as a blueprint as they seek to innovate the way they treat online consumer data, privacy and security in their own regions. The EU is no longer the only region looking to upgrade its data and financial protection legislation. and Turkey. Around the Data Protection and Security World.

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Regulation California Regional Fintech 131

PYMNTS

JANUARY 8, 2020

The move is part of the company’s 2020 expansion strategy. 2019 was about expansion and becoming consumers’ most preferred service,” said Lim Kell Jay, regional head of GrabFood. “In The operations have emerged as a new model, driven by the rise of online ordering and delivery services.

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CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Online Company Retail Payments 98

PYMNTS

JUNE 2, 2020

Banking app downloads have increased 60 percent since the pandemic became widespread, with banking app revenue growing 17 percent,” according to PYMNTS’ May 2020 Digital-First Banking Tracker® , a collaboration with NCR. “Consumers are now leaning heavily on digital banking to meet their financial needs.

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Digital Banking User Experience Meeting Fintech 133

PYMNTS

JANUARY 7, 2020

Winners will be announced in mid-2020. Grab, an online business and one of Southeast Asia’s largest operators in the digital space, is partnering with Singtel for the chance at a full banking license. Gaming company Razer has teamed up with regional Singaporean entrepreneurs and other Asian billionaires.

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Digital Banking Capital Leadership Fintech 131

PYMNTS

OCTOBER 30, 2020

Bain Capital Ventures: 2020 Is B2B Payments’ Breakout Year. Bain Capital Ventures’ partner Matt Harris told PYMNTS that 2020 marked the tipping point for commercial payments. “I I think in terms of market recognition, 2020 was the breakout year — [and] in terms of commercial adoption, 2021 will be more like it,” Harris said.

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Technology Apple Payments Capital 161

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . How farmers have fared in 2020 The impact of the coronavirus pandemic on farmers in 2020 has been multifaceted, Newberry said. You might also like this webinar watch.

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Lending Survey Operations Payments 195

FICO

JANUARY 7, 2021

Here are the 5 most popular 2020 posts on decision management. #1. Recovery is where we still are now, in mid-2020. The ROI will come not only from efficiency in the operations themselves but also from cost of capital and stability gains throughout the enterprise. How Do You Improve Supply Chain Resiliency?

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Management Analytics Strategy Data 52

PYMNTS

MAY 6, 2019

Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Bigbasket is aiming to break even somewhere between 2020 and 2022, noted the report. CDC, the U.K.’s Bigbasket is in 25 Indian cities. billion when it was complete.

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Regional Online Capital Report 108

PYMNTS

JANUARY 7, 2021

Ant Group had $263 billion in outstanding consumer loans as of June 2020. The company is looking to move its consumer loan business into a new consumer lending unit that would be able to operate throughout China, Bloomberg reported, citing unidentified sources.

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Groups Regulation Lending Operations 141

PYMNTS

OCTOBER 16, 2019

As it stands, the company operates two distribution centers in the Sao Paulo area and will bring facilities to other regions to offer faster delivery in a country that is bigger than the continental U.S. Early outlay guidance for 2020 comes after investments of 2 billion reais in Brazil in 2018 and 3 billion reais in 2019.

Regional 109

Regional Operations Tools Retail 109

PYMNTS

FEBRUARY 3, 2020

Physical Retail Stumbles Into 2020 . In fact, some experts are looking at the picture in 2020 to get a bit darker before it gets light. The early days of 2020 have seen foot traffic fall, again in line with the trends of the last few years. We expect many companies — and many sizable companies — to announce closures.”.

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Bitcoin Data Retail Charlotte 132

PYMNTS

SEPTEMBER 30, 2019

To that end, in Southeast Asia, a number of countries, including Indonesia, Vietnam and the Philippines, are looking to regulatory actions that will levy more taxes on marquee tech names, such as Google, as they do business in that region. David Marcus , the Facebook exec overseeing the project, said 2020 is still the target date.

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Taxes Regulation cryptocurrency Google 133

PYMNTS

FEBRUARY 2, 2021

Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.

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Tampa San Francisco New York Miami 211

PYMNTS

NOVEMBER 9, 2017

PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm , the country’s leading digital payments firm. One reason for the cash preference is that consumers in the region do not yet clearly understand how different payment systems work.

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Marketing Regional Study Google 116

PYMNTS

AUGUST 26, 2019

Many banks in Europe have been cutting jobs and closing branches as more and more customers continue to do their banking online. . It will also move its Swiss investment banking operations into a different unit. . The bank said it would have new information on the initiative by the beginning half of 2020.

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Regional Retail Operations Online 123

PYMNTS

MAY 22, 2020

That’s a wholesale shift that moves beyond prior efforts by corporates large and small to digitize day-to-day operations. In some cases, they’ve been converting paper documents into data, taking analog transactions into online banking or establishing host-to-host ERPs. The Journey. The statistics show the magnitude of the shift.

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Operations Data Digital Banking Management 233

PYMNTS

MARCH 24, 2020

In an interview with Karen Webster, James Huang, Payoneer ’s regional vice president of Greater China, said the seismic shifts underway signal a change in how global online consumers interact with Chinese eCommerce sellers. And when demand rebounds, added Huang, it’s crucial for online marketplaces to be ready.

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Retail Online Regional Course 196

Perficient

SEPTEMBER 2, 2020

Once this setting has been turned on, Teams meeting recordings will be saved in the data center closest to that region. In addition, Microsoft has indicated they will be making some enhancements to Visio for web by adding multi-page operations. You can learn more about Microsoft Stream at the FAQ here. Teams module updates.

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Video Meeting Maine Mobile 539

PYMNTS

JANUARY 3, 2020

The move follows Hong Kong’s early 2019 decision to issue digital banking licenses as the two economies are strong competitors in the region. And after six months of waiting to see which firms exactly would be competing to snatch up those licenses, the answers started rolling out with the first week of 2020. Grab + Singtel .

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Digital Banking Groups Regional Mobile 130

PYMNTS

AUGUST 21, 2018

As for Klook itself, the company operates with an effort to streamline the process of booking travel activities that can span visits to attractions, hotels and restaurants. As Liu stated, the market size for travel activities will reach $183 billion globally by 2020; today, less than 20 percent comes from mobile or online bookings.

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Regional United States Capital Mobile 103