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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Technology giant IBM and Dublin-based client lifecycle management solutions company Fenergo recently partnered to use AI and analytics on the IBM Cloud to help FIs more easily onboard customers. More than two-thirds of marketers are still failing to capitalize on this outreach method, however, spotlighting a massive missed opportunity.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

PYMNTS

This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release. The new funding will be used to boost the company’s operations, with a focus on global growth.

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Chertoff Capital made a “significant” equity investment in the round, the company said. Cybersecurity. Back-Office.

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4 Ways Global Transaction Banking is Changing

Banking 2020

Boston Consulting Group (BCG) expects both volume and value of transactions to increase by about 9% per year reaching about 750 billion transactions valued at $782 trillion by 2020. The cost of capital is forcing banks to be more focused on their strengths. Globally, transaction banking forms 35% of corporate banking revenues.

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Why We Invested: VCs Sound Off On 7 Recent Early-Stage Startup Investments

CB Insights

Select Investors: Data Collective, Intel Capital, Microsoft Ventures, Tencent Holdings. Competitive landscape: Funding and deals to AI startups has risen in each of the last four years and AI companies specifically focused on business intelligence & analytics have seen higher and higher deal count in recent quarters. Element AI.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Acronym of the Year. Enough said?

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Table of contents. STAYING PRIVATE.