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Open Banking, Synthetic ID Fraud, Supplemental Jobless Benefits Top This Week’s News

PYMNTS

Nike unveiled multiple changes to its top leadership Wednesday (July 22) as it seeks to accelerate its digital business as well as streamline customer experiences with a Consumer Direct Acceleration (CDA) roadmap. PYMNTS explores how open banking is developing in Brazil and the region overall. . COVID Concerns .

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Chatbot Tracker: Are Chatbots Taking Over The World?

PYMNTS

It also provides all geographical regions and various market segments with up-to-date analyses and forecasts. In its research report, Technavio categorized the global chatbot market into five sections: BFSI; Government; Retail and eCommerce; Travel and Hospitality; and Others. billion users.

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Walmart Thinking Small When It Comes To Tech

PYMNTS

After several years spent trying to infuse its multi-billion dollar business with more forward-thinking concepts with mixed results , last week, the retail giant announced that it will be conducting what amounts to an open call for tech innovation. But with the retail technology space heating up, Walmart doesn’t want to be left in the dust.

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Shattering Merchants’ Information Silos In The Fight Against Fraud

PYMNTS

Those categories can span from chargeback data to internal customer loyalty program information, and can be limited in a granular way to certain card accounts or certain locations. Firms must be mindful of the specific fraud activities they encounter, such as across business types, channels, regions or even transaction sizes.

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Competition Begins To Boil For Challenger Banks

PYMNTS

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. Challenger banking has evolved to be a microcosm of FinTech trends and innovation — with the sheer level of competition and diverse trends in the various regional markets making it an ideal ecosystem for observing.”.

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Innovation All the Time

Independent Banker

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. Retail offices: 85. We’re not just competing with [megabanks and regional banks] or other community banks.

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Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

From creating checkout-free retail stores to eliminating concert tickets, here are 16 industries that are starting to transform with facial recognition technology. For example, algorithms can track color changes in two areas of the face, like regions near the eyes and cheek, using that data to calculate heart rate detection.