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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised.

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The true cost of fraud

Abrigo

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

Thus, where most banks would focus on a referral program, Nubank ranked the quality of the referee and allocated more capital into acquiring the customer they referred. Xpeers are customer support help reachable by phone, chat, social media, or email. Xpeers then train in specialties and are matched with the problem.

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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

Here are seven key areas where bank executives need action plans to address burning challenges: Communication – Bankers have been working to calm their customers and community, but the quantity and quality haven’t yet met the standard in an always-on social media world where the public is sniffing for transparency and authenticity.

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Stylitics Notches $15M In Series B Funding Round

PYMNTS

The new round was led by PeakSpan Capital, with the participation of Trestle LP. Stylitics Founder and CEO Rohan Deuskar said the company has the ability to offer useful recommendations from the beginning, without the need to train the technology using a merchant’s data. “We The app has 85 brands in the U.K. and 90 brands in the U.S.

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10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Many sessions discussed the importance of setting clear goals for any marketing effort, such as the talk by Jessica Reese (graphical notes below), the Social Media Manager for Arvest Bank (AR, $27B). Bank Marketing Lesson 9: Goal Setting – A Common Theme. The audience learned from these banks’ mistakes and successes.

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For Visa, She’s Next Is What’s Next

PYMNTS

In addition, the firm said that it is launching the second phase of its advertising campaign known as “Money is Changing,” and where the campaign will train a spotlight on millennial women, with focus on steps they have taken to tackle and overcome money-related challenges. For example, Simon said, the Jan. India and Mexico.

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