Wed.Jun 24, 2020

Coronavirus: from lockdown to bailout oh, and the issue of financial exclusion

Chris Skinner

There are lots of ways in which FinTech is changing the world, and the one we love to discuss the most is financial inclusion. The figures stun me. Over a billion people have been banked in the last decade, according to the World Bank.

Telegram: Breach Exposed Millions Of Users’ Data

PYMNTS

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. The database, which was exposed on a darknet forum, included users’ phone numbers and unique Telegram user IDs, according to the report.

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Things worth reading: 25th June 2020

Chris Skinner

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Philippines Opens Probe Into Wirecard’s Missing Cash

PYMNTS

The Philippines has launched an investigation into the missing $2.1 billion that Wirecard said it deposited in two of the island nation’s banks, Reuters reported.

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!

Six ways banks should work with consumers in the COVID-19 era

Accenture

The COVID-19 pandemic has affected every industry and banks certainly have not been spared. The situation for banks today is, however, very different than that which they faced in the 2008-09 financial crisis. Banks are generally stronger and better capitalized than they were then.

More Trending

Transforming core banking with the right technology

Accenture

We all know the industry is rapidly moving to digital.

Disney Urged To Postpone Reopening Florida’s Walt Disney World

PYMNTS

Disney may have thought reopening Walt Disney World in Orlando, Florida next month was a good idea. But as of Wednesday (June 23), more than 7,000 people had signed a petition to postpone the scheduled resumption of operations on July 11 as the number of COVID-19 cases is rising, Reuters reported.

Banking-As-A-Service for Corporations The Next Wave

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia Just like you don’t need to be a qualified journalist to build a blogging empire, or train as a professional photographer to be become a high earning Instagram […].

SoftBank Faces Scrutiny For $1B Investment In Wirecard

PYMNTS

As the Wirecard scandal unfolds, SoftBank Group Corp. is facing questions about its investment in the embattled German payment services provider, CNBC reported. Last year, the Tokyo-based global conglomerate holding company paid 900 million euros ($1 billion) for a 6 percent stake in Wirecard.

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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.

Life insurance in the digital age, well, digital/analog age

Daily Fintech

There’s good news for the life insurance market and there’s the same news- the market potential is dramatic, the product mix is profitable, customers understand the basic product pretty well, there’s not much for a carrier to do once a policy is sold, benefits aren’t paid for years, and there are clever folks coming up […].

Creating An ‘Anchor Of Trust’ In The Battle Against CNP Fraud

PYMNTS

As the world must go increasingly digital — perhaps permanently — people who had resisted the great shift to eCommerce have had to make the leap. Ready or not.

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Customer preferences are shifting rapidly, and data needs to keep up

Payments Source

When looking back at the pandemic, customers will only remember which companies went above and beyond for them, says Adobe's Mark Masterson. Financial institutions Coronavirus Data management Payment processing Merchant

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Visa, TerraPay Link Up For Real-Time, Cashless Payments

PYMNTS

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”.

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.

Inside Alipay's post-pandemic U.S. e-commerce push

Payments Source

Three years ago, Alipay began its brick-and-mortar conquest of North America, promoting acceptance of the Alibaba affiliate Ant Group's mobile wallet at shops targeting Chinese tourists, eventually reaching thousands of U.S. and Canadian stores. Online payments Ant Financial Cross border payments China

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Mastercard, Finicity and Standardizing Open Banking’s Data Flow

PYMNTS

While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. through free market competition), on these shores the strategy of getting there seems to be settled in favor of acquisitions.

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Self-service tools help banks thrive in a pandemic environment

ATM Marketplace

The reliance on self-service solutions comes at a time when consumers have become familiar and relatively comfortable with the technology that is prevalent in their everyday lives, at grocery stores, gas stations, airports and retail shops

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Samsung To Roll Out Pay Card With Mastercard, Curve

PYMNTS

Samsung Electronics Co. plans to offer a Samsung Pay Card that will give customers “a simple and flexible way to control their money,” the company said in a Wednesday (June 24) press release. For the launch, Samsung is linking up with Mastercard and FinTech Curve.

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.

Inside The Mind Of A Serial Financial Procrastinator

BankBazaar

Delayed financial plans, poor credit planning & mounting debt; three sure signs you’re a financial procrastinator. Read on to understand the mind of a serial procrastinator and how one can break off this state of mind.

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How Online Platforms Are ‘Gamifing’ Mobile Bill Payments

PYMNTS

The best way to get us to pay attention might be through that little screen in the palms of our hands. The pandemic has spurred us to do just about everything through our smartphones.

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PenFed, Genesis join Ally in home improvement finance race

BankInovation

Porch.com, an online platform that connects homeowners with contractors, launched Porch Financing Solutions on Monday, following the lead of Ally Financial, which debuted a similar home improvement financing product earlier this month.

Visa’s SMB Hub Launches With 20 Partners Including PayPal, Yelp, and Freshbooks

PYMNTS

Visa has launched an online resource for small businesses (SMBs) designed to assist entrepreneurs expand their businesses and build stronger customer relationships, the San Francisco-based company announced Wednesday (June 24).

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.”

Wirecard wins short reprieve as banks scan long-term damage

Payments Source

Wirecard AG won a short reprieve from the lenders on its $2 billion revolving credit facility after banks decided to assess the embattled company’s long-term viability before telling it to repay the loan. Digital payments Prepaid cards Wirecard

Brands Bake Novel Subscription Strategies Into Their Reopening Plans

PYMNTS

Physical retailers are building digital bridges to alluring new hybrid experiences and adding value to recurring revenue offerings to keep the great reopening momentum alive.

The civil rights issue of our generation

Payments Source

It's imperative that financial services firms find ways to ensure all Americans have access to the banking services necessary to thrive. Diversity and equality NCUA Financial inclusion Race discrimination Under-served populations

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The Role of Digital Payouts In Mitigating The Insurance Industry’s Business Continuity Risks

PYMNTS

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants.

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.