Mon.Jul 27, 2020

Things worth reading: 28th July 2020

Chris Skinner

Things we’re reading today include … Where the founders of Europe’s top 10 digital banks began their careers Deutsche Bank’s pay predicament is a bad omen for rivals. Tumble weeds in finance hubs Not for the faint of heart, is it time to buy bank shares?

FinTech Dave Reports Data Breach Involving 7.5M Users

PYMNTS

Hackers boasting that they have “cracked” some of the hashed passwords stolen from digital banking aggregator Dave may be one of the most disturbing elements to emerge from the cyberheist that exposed the private information of millions of users, a top expert notes.

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The Use and Usability of Ratings in Banking

Banker to Banker

In the online world, customer reviews and ratings are ubiquitous. Consumers have come to expect them, yet few banks use them. Ironically, sites that rate banks, such as NerdWallet, BankRate, and others, maintain detailed reviews on banks with great success as well as places like Yelp.

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Pizza Is The Food Of The Pandemic

PYMNTS

Pizza sales – and pizza-chain hiring – are both going through the roof during the pandemic. First, No. 2 ranked-chain Domino’s (with 6,296 stores) said it was hiring back 10,000 workers when the pandemic started in March. And on Monday (July 27), No.

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!

How a fintech born from the 2008 recession is navigating the pandemic

Payments Source

Bill Clerico created WePay during the last financial crisis, and sees a similar opportunity now. The coronavirus pandemic is affecting different markets in vastly different ways, and easing the flow of capital is just one way to provide help.

More Trending

Scalable Capital: from Digital investing to Deposit accounts and Brokerage services

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. Fintech funding and activity for investing solutions is remarkably healthy given the macroeconomic conditions.

New PYMNTS/Visa Poll: SMBs Want (And Need) Instant Access To Payments

PYMNTS

It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy.

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How checkout-free retail is building scale while many stores remain locked down

Payments Source

Checkout-free stores still feel experimental, but the coronavirus pandemic is pushing more retailers to contemplate how to reduce human interaction in larger settings. Amazon Retailers Digital payments Coronavirus Internet of things

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Proposed California Bill Offers Banking Support For Cannabis Businesses

PYMNTS

A proposed new California bill, AB 1525 , would give banking institutions and accountants the green light to work with cannabis businesses.

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.

A Watershed Year for Digital Spending

Strategically Speaking

Banking has fundamentally changed this year. COVID-19 has put a spotlight on the need for comprehensive digital services, catapulting many expected roadmaps years ahead of their original trajectories.

Lemonade CFO On The Insurance Industry’s Innovation Dilemma

PYMNTS

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share of friction from the sector’s legacy incumbents, those insurance companies themselves have also suffered from a lack of digitization and automation.

Favoring payments innovation can bridge short-term revenue hits

Payments Source

Prioritizing and accelerating strategic payments transformation initiatives will mitigate long-term revenue constraints and, if executed correctly, reduce total cost of ownership, says Icon Solutions' Simon Wilson. Fintech Financial institutions Mobile payments Digital payments Coronavirus Payment processing Merchant

The Invoice Lands In The Corporate Cyber Fraud Spotlight

PYMNTS

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime.

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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.

Contactless payments will miss the boat without 'in time' funding

Payments Source

Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, says Marqeta's Vidya Peters. Contactless payments Faster payments Payment processing Merchant

Amazon To Unveil New Alexa App With Custom Homescreen

PYMNTS

Amazon is launching a revamped Alexa app that will now include a customized homescreen based on what each individual user does the most on the app, CNBC reported.

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Wirecard surges after investors eye core business, U.S. unit

Payments Source

Wirecard AG rose the most since June after it revealed that more than 130 investors are eyeing the company’s assets. Digital payments

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Democratizing FinTech Development Without Compromising Compliance

PYMNTS

Though applications of the U.K.’s

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.

TD hires Chase exec to drive fintech partnerships

Payments Source

TD Bank has hired Jyotsana “Jo” Jagadish to head commercial operating products and payment innovation, where she will oversee TD’s expanding fintech partnerships. Fintech Payments JPMorgan Chase Citigroup Women in Banking TD Bank

From Paper To Digital To Money On Demand: Who’ll Lead The Way?

PYMNTS

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation.

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How do FIs migrate to ISO 20022, hit deadlines and create opportunities?

Bobsguide

In 2004 it was decided that the previous format of SWIFT’s message type (MT) wasn’t going to be ‘fit for purpose’ for the evolving demands of ambitious payments innovation, and so a new standard was needed. When MT was first created, payment messages didn’t have to

Pandemic-Proof Finance Operations Are Cloud-First And Global

PYMNTS

“Once a business solves its digital transaction processing issues, they need to start considering how to efficiently and effectively go global. The world economy won’t wait for the U.S. to recover.”.

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.”

How Covid-19 is Reshaping Card Payment Habits

Banking Exchange

The pandemic has forced people to embrace contactless and card-based payments – and the trend will only accelerate, research shows Payments Customers Cards Mobile Online Fintech Feature Feature3 Covid19. 1Payments

Netflix Payments Added To Experian Boost

PYMNTS

Netflix customers can now see their on-time Netflix payments reflected on Experian, the Dublin-based multinational consumer credit reporting company, CNBC reported.

New York Passes ‘Truth in Lending’ Act for Small Businesses

Banking Exchange

The senate and assembly have passed a bill requiring improvements to loan cost transparency for online lenders Compliance Fair Lending Feature3 Feature Covid19 PPP. 1Compliance

US Manufacturing Shows Signs Of Improvement

PYMNTS

The U.S. manufacturing sector increased in viability in June by 7.3 percent, or $14 billion — although the numbers might not hold if the pandemic continues to threaten recovery, according to a report from the U.S. Census Bureau. The number, which values the sector at $206.9

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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.