Fri.Sep 11, 2020

3 keys to understanding blockchain

Mobile Payments Today

Blockchain technology can be very difficult to understand, but it doesn't have to be. You just have to grasp three basic key facts

COVID-19 driving US consumer behavior in touchless payments

Accenture

What drives change in an industry? Businesses? Consumers? Government regulations? In the case of touchless payments in the United States, change has mostly moved at a glacial pace—until COVID-19.

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IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

Banking Tech Vision: Is your bank ready for the post-COVID world?

Accenture

When our researchers were in the field for our annual Technology Vision survey, COVID-19 was not yet a global pandemic. Since then, the virus has transformed our lives and challenged many long-held assumptions about how business operates.

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Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

FinTech Nubank To Purchase Broker Easynvest

PYMNTS

In its efforts to grow into a full-service financial company, Nubank has come to the decision to buy broker Easynvest. Nubank Founder David Vélez said the Brazilian finance startup agreed to an arrangement that involved cash and shares, Reuters reported.

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SaaS Firm CEO Resigns; Layoffs, SEC Investigation Follow

PYMNTS

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. The Las Vegas Review-Journal reported that Adam Rogas resigned on Sept.

Citi targets homebodies with cobranded Wayfair Mastercard

Payments Source

Citi has teamed with home furnishings giant Wayfair on a pair of credit cards—one cobranded with Mastercard and a private label version—capitalizing on the pandemic-accelerated e-commerce boom. Citigroup Merchant Cards

Chipotle’s Digital Sales Leap A Harbinger Of QSR’s Great (Sales) Shift

PYMNTS

The great digital shift in the quick-service restaurant (QSR) space shows no signs of stopping. To that end, Bloomberg reported that Chipotle Mexican Grill CEO Brian Niccol estimated the firm’s digital sales could be as much as $2.4

Philippines says 57 people under scrutiny on Wirecard case

Payments Source

The Philippines’ anti-money laundering authority has identified 57 “people of interest,” including foreigners and local bank officers and government officials, whose links to Wirecard AG are being scrutinized. Wirecard Cards Philippines

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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!

Business Payments Coalition Asks For Input On eInvoicing Initiative

PYMNTS

The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in a digital invoicing initiative, according to an announcement.

American Express reopens New York, London offices at 10% capacity

Payments Source

American Express Co. began reopening offices in New York and London this week even as it told employees that they can continue working from home through June 2021 if they wish. New York Coronavirus American Express

Railsbank Inks Deal To Buy UK Wirecard Card Solutions

PYMNTS

Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. in the United Kingdom, the company announced Thursday (Sept. The Newcastle, England-based FinTech has signed an agreement to buy the U.K. subsidiary of Wirecard, the German payments company that collapsed amid scandal.

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No easing into the job for Citi’s Fraser

Payments Source

When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Instagram CEO Speaks Out Against Apple’s Business Practices

PYMNTS

Instagram ’s CEO has added his voice in criticizing Apple Inc. 's s business practices. Adam Mosseri told CNBC on Friday (Sept. 11) that Apple’s plan to change its iPhone operating system will hurt businesses with its ad tracking limits.

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Billing and payment trends: Are your customers shifting preferences?

ATM Marketplace

ATM Marketplace talks with Sanjay Gupta, ACI Worldwide executive vice president, regarding an ACI study that sheds light consumer preference in regards to digital payments and billing

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Apple Revamps App Store Guidelines For Games, Classes

PYMNTS

Before the anticipated deployment of iOS 14 later in September, Apple updated its App Store guidelines on Friday (Sept. Staffers of the tech company use the framework to approve or turn down programs and revisions, CNBC reported.

Coordination, Good and Bad

Vitalik Buterin

Special thanks to Karl Floersch and Jinglan Wang for feedback and review. See also: On Collusion. Engineering Security Through Coordination Problems. Trust Models. The Meaning Of Decentralization.

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.

Main Street, Disbursements And QR Codes Top This Week's News

PYMNTS

It’s the end of another work week, and the PYMNTS Weekender is here to catch you up on the latest news. We have deep dives on Main Street, disbursements and quick-response (QR) code payments. . Top News. Apple Pay Eyeing QR Code Transactions.

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This Week in Fintech ending 11 September  2020

Daily Fintech

This weekly summary from our experts, brings you insights based on their experience as investors, entrepreneurs & executives, on this historic/infamous day known as 9/11.

Virtual Roar Of The Crowd Enough For ‘Virtual’ Fandom Amid Pandemic?

PYMNTS

Now if only they could recreate the smell of the hotdogs, the taste of the flat overpriced beer — or pipe in the obnoxious play-by-play patter of the guy behind you.

Wall Street to Main Street: Drop Dead

Daily Fintech

After 2008, in the central bank liquidity driven bull market, stock picking went out of fashion. As the market always went up due to stimulus aka money printing, the simple winning mantras were “don’t fight the Fed” and “buy the dip”.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Why do third world countries own payment modernisation – Softbank takes the challenge on

The Bankwatch

This is a backgrounder on payments in China. First Africa (M-Pesa), now China (WeChar, and AliPay). While the west juggles with multi million dollar upgrades, China eliminates can and credit cards by replacing with a QR code on a piece of paper or a phone screen.

Nicole Williamson Joins Merchants Bank as Mortgage Lender

MerhantsBanks

Nicole Williamson has joined Merchants Bank as a Mortgage Lender, according to Dave Engstler, Branch Manager for Merchants’ Rochester-Green Meadows location.

Supervisory governance, capture and non-performing loans

BankUnderground

Nicolò Fraccaroli Recent reforms that followed the Great Financial Crisis, as the establishment of the Single Supervisory Mechanism in Europe and the Prudential Regulatory Authority in the UK, reflect the belief that the governance of banking supervision affects financial stability.

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Banks are stepping up tech for people with disabilities

American Banker

Bank and Regions revamped their apps with accessibility in mind; JPMorgan Chase built a branch for customers who are deaf. Such efforts can help banks appeal to more customers in existing markets. Digital banking Regions Bank U.S. Bank ADA U.S.

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.