Thu.Jul 30, 2020

What’s the impact of coronavirus on FinTech?

Chris Skinner

Someone asked me what the coronavirus pandemic means for the future of FinTech. I guess they thought that not much is happening and many firms will shutter and close.

Q2 Sees Historic Decline in GDP

Abrigo

This morning, the Bureau of Economic Analysis released its first estimate of second-quarter gross domestic product (GDP) growth. From April to June, GDP plunged 32.9% – faring just slightly above the 34% estimated.

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Things worth reading: 31st July 2020

Chris Skinner

Trends 259

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Abrigo

Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

NowRX CEO: Why DTC Pharmacy Is An Easier Pill For Consumers To Swallow

PYMNTS

Large pharmacy chains selling mixed merchandise are a mainstay of life throughout the developed world. Familiar planograms with the pharmacy in back, pulling shoppers through rows of candy and cosmetics to get their medicine is an everyday routine. Or it was.

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More Trending

The Big U.S. GDP Crash Reverses Economic Growth Of Last 11 Years

PYMNTS

“Worst quarter ever.” It sounds like a bit of hyperbole, but that’s an accurate description of the quarter that started in March and ended in June as COVID-19 was raging. Figures out Thursday from the Bureau of Economic Analysis showed that the U.S. economy contracted by almost a third (32.9

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Thinking historically

BankUnderground

Austen Saunders. Central banks want to learn from history. They can do so by drawing on decades of work by economic historians, as well as their own archives which manifest layers of institutional memory. But the path from page to policy can be difficult to find.

Are ATMs The ‘Mini-Branch’ Of The Future?

PYMNTS

The ATM isn’t living up to its full potential, a fact that’s really starting to come into focus for financial institutions (FIs) under COVID-19.

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XBRL: US states reporting, taxonomy development, sustainable finance

Daily Fintech

Here is our pick of the 3 most important XBRL news stories this week.

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B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Shipt COO: Why Success Requires More Than Just Great Tech

PYMNTS

For some companies, the digital shift has been more seismic than subtle. Shipt is one of those companies. Owned by Target , the shopping and delivery service has seen a business spike in numbers that are massive even in the context of the current crisis.

Alt Lending: Zombie companies, Bank Interventions & conflicting priorities for Alt Lenders

Daily Fintech

Here is our pick of the 3 most important Alt Lending news stories during the week: Zombies are a major drag on the uk economy New analysis from KPMG UK finds the rising prominence of so-called ‘zombie firms’ is threatening to cause a significant drag-effect on the UK economy.

PayPal, Mercado Libre Integrate Payments Systems In Brazil and Mexico

PYMNTS

Mercado Libre announced Thursday (July 30) that it will integrate PayPal as a payment option in Brazil and Mexico.

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BankBazaar Aspiration Index 2020

BankBazaar

We launched the third edition of the award-winning BankBazaar Aspiration Index. Read on for the major highlights of the report. . National Aspiration Index Falls Amidst COVID-19. As per the latest study, the National Aspiration Index for 2020 stands at 79.9,

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

Amazon Crushes Earnings As Online Grocery Sales And Prime Viewership Soar

PYMNTS

To say that Amazon posted a good quarter on Thursday (July 30) is a bit like saying Michael Jordan had a good career. By any metrics, the company’s earnings were off the charts, and they hardly came as a result of cost-cutting.

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TBT: The Six-Cent Dollar

Matt Wilcox Pro

Currency has come a long way since its start in the fourth century BCE.

40M Americans Could Be Evicted Due To Pandemic

PYMNTS

With the pandemic still ongoing, as many as 40 million Americans may end up losing their homes, according to CNBC. That number would be four times as many as lost their homes during the Great Recession from 2008.

Bill pay innovation hasn't put consumers front and center

Payments Source

If bankers have learned anything from treading a pandemic, it’s that providing personal services at the moment of need has become even more essential than it was before, says Jack Henry's Tede Forman. Mobile payments Digital payments Payment processing Bill pay

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

US GDP Falls By A Record 32.9 Pct

PYMNTS

There was more bad news Thursday (July 30) as the U.S. economy experienced its worst hit since the Great Depression in the second quarter (Q2) as COVID-19 brought the country to a standstill for a second time. The Bureau of Economic Analysis of the U.S.

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Digital efforts cushion Mastercard's earnings—and provide a path for growth

Payments Source

Mastercard reported a sharp decline in payments in its most recent quarter, but some digital seeds it planted before the coronavirus pandemic are already bearing fruit. Digital payments Ajay Banga Earnings Data security Coronavirus Mastercard Credit cards

Digital Shifts In eCommerce And Online Banking

PYMNTS

eBay ’s CEO outlined his vision for growth in its Q2 earnings call, as the company benefited from the pandemic-driven digital shift.

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Apple Card helps provide 'historic' earnings, even as consumer spending fell

Payments Source

Apple Card helped push services-category revenue to new heights for Apple, which reported double-digit growth in its product and services segments for the third quarter of 2020. Tim Cook Digital payments Earnings Coronavirus Apple Pay Credit cards Apple

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How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Germany Asks For Interpol Help To Find Ex-Wirecard COO

PYMNTS

Germany is seeking help from Russia to help locate missing Wirecard executive Jan Marsalek , The Wall Street Journal (WSJ) reported. Russian authorities had no comment, according to WSJ, and neither did representatives from Wirecard or a lawyer for Marsalek.

12th Birthday Special: The Last 12 Years in Pictures

BankBazaar

It all started on the 31st of July, 2008. Yes, that’s the day BankBazaar made its big launch. 12 years have passed, and we can’t but say that we’ve had a wonderful journey, thus far. How about a sneak peek into the last 12 years of our existence?

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Topcoder On The Payroll Must-Haves For Retaining Tech Talent

PYMNTS

The United States added 4.8 million jobs in June, but economic concerns surrounding the impact of the COVID-19 pandemic are still surfacing. Many workers hired in June were also hired part-time or freelance, indicating a widespread shift away from traditional employment and how U.S.

12th Birthday Special: Quiz – How Well Do You Know BankBazaar?

BankBazaar

As BankBazaar turns 12, here are 12 questions to gauge your BB knowledge! Take the quiz to see where you stand. Good luck! . Who is BankBazaar's CEO? Suniel Shetty. Adhil Shetty. Rohit Shetty. Correct! Wrong! Which among these is NOT an investor in BankBazaar? Amazon. Experian. Ribbit Capital.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.