Thu.Oct 15, 2020

How to Increase Non-Interest Income for Your Financial Institution

SWBC's LenderHub

Increasing non-interest income while staying true to your financial institution's mission can be tricky. Income is obviously necessary to run a successful business, but lenders sometimes feel that seeking out income and fees feels too pushy and runs contrary to their service missions.

PPP Lenders Starting to See Payments from SBA

Abrigo

Key Takeaways SBA payments to lenders for forgiven Paycheck Protection Program (PPP) loans are starting to flow.

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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

As the shift from paper to digital has accelerated the transformation of many a legacy business with aging tech, CEO Woodrow Levin of Extend says it’s important to add extended warranties to that list.

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Is Your Financial Institution Aware of These PPP Red Flags?

Abrigo

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Pay attention to key indicators, like new EINs, abnormal transaction activities, and new business incorporations. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

The Three AML Screens Companies Must Continually Monitor

PYMNTS

When Jumio acquired anti-money laundering (AML) solutions platform Beam last week, the move was more significant than simply adding AML strength to its onboarding platform, Jumio ’s Chief Product Officer Philipp Pointner told PYMNTS in a recent conversation. “We

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Report: Hackers Hit 2,000 Robinhood Accounts

PYMNTS

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported.

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XBRL News: SupTech, future of reporting, taxonomy guidance

Daily Fintech

Here is our pick of the 3 most important XBRL news stories this week. 1 Digital Regulatory Reporting is here After a decade of data challenges, Regulators are now taking cautious steps towards new reporting technology.

Report 101

How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes.

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Businesses will be at a loss without digital payments

Payments Source

With the realities brought on by COVID-19, going digital is no longer optional—it’s necessary. Mobile payments Digital payments B-to-B payments Payment processing

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!

Stripe To Acquire African Payments Processor Paystack

PYMNTS

Stripe is acquiring Paystack , a company that says it processes more than half of online payments in Nigeria. More than 60,000 businesses in Nigeria and Ghana use Paystack to securely collect online and offline payments, launch new business models, and deepen customer relationships. Incredibly, Paystack already processes more than half of all online transactions in Nigeria," Stripe said in a news release.

Alt Lending Week Ended 16th October 2020

Daily Fintech

The Inevitable COVID crash. When and where will it strike? Despite the pessimistic tone Matthew Lynn is in fact doing us all, Banks and Alt Lenders alike, a favour. In this piece he reminds us that that there has never been a recession yet which has not been accompanied at some point by […].

SoftBank Steps Up Pressure For Grab, Gojek Deal

PYMNTS

Masayoshi Son , founder of SoftBank , is trying to forge a truce between rivals Grab and Gojek so the two companies can continue negotiating an acquisition, Bloomberg reported.

TBT: Digital sleeve garters

Matt Wilcox Pro

It’s not hard to pick out the banker in a Western. Just look for someone sporting sleeve garters and a translucent visor. This is a rare case in which Hollywood actually gets things right. In the late 19th century, sleeve garters served a practical purpose.

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

“The Crypto Cruise Ship” is getting ready to depart from the Mediterranean and anchor in the Gulf of Panama, according to an announcement. The “MS Satoshi,” as the ship is to be named, is 804 feet and was bought rom a cruise ship company, according to the announcement.

Ingenico's cloud strategy looks ahead of pandemic-driven demand

Payments Source

Even before the pandemic, retailers were pushing terminal makers to adjust to new trends on the fly. Technology cycles have become even shorter now — if there even are development cycles anymore. Point-of-sale Ingenico Payment processing Cloud computing Cloud hosting

New Data: The Six Digital-First Capabilities Consumers Now Want From Merchants

PYMNTS

The average United States consumer believes the pandemic will not come to an end until Sept. 19, 2021. That is 339 days from now, and 557 days after the pandemic was first declared on March 11, 2020.

How Subway overcame a $7 million tech hurdle in its pandemic payments transformation

Payments Source

Drive-thru is almost synonymous with fast food, but for some quick-serve chains — like Subway — a past emphasis on in-store dining meant a much sharper pivot when the coronavirus pandemic struck. Retailers Digital payments Point-of-sale Coronavirus Payment processing

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.

Authorities Bust 20 In Alleged International Malware Scam Ring

PYMNTS

European and American officials have arrested 20 people from numerous countries for belonging to an international ring called QQAAZZ that laundered millions of euros via malware schemes from cybercriminals, The Associated Press (AP) reported.

A new Euro payments initiative spurs innovation, and is a model for the world

Payments Source

The European Payments Initiative sets up a unified and harmonized pan-European payment solution, providing major benefits to both consumers and merchants, says FIME's Arnaud Crouzet. Mobile payments Cross border payments Digital payments P-to-P payments Europe Payment processing

Report: Helping Banks Speed Payments Cross Border And Make A Clean Correspondent Bank Break

PYMNTS

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times.

Report 192

Amanda King Promoted to Assistant Controller at Merchants Bank

MerhantsBanks

Amanda King has been promoted to Assistant Controller at Merchants Bank, according to Sue Savat, Chief Financial Officer. Amanda is a cornerstone of the Finance team and continues to grow in her role as our company grows.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

BBVA Participates In Pilot For Instant Payments In Britain

PYMNTS

BBVA participated in an experimental payment effort to connect the SWIFT gpi with Britain’s countrywide instant payment infrastructure, and the results were shown at the Sibos conference, according to a Thursday (Oct. 15) announcement.

Stripe agrees to buy Nigeria startup Paystack for $200 Million

Payments Source

Stripe Inc. is acquiring Nigerian startup Paystack to jump-start its expansion in Africa

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Mastercard, Stride Enable Portable Health Benefits To Gig Workers

PYMNTS

Mastercard is working with portable benefits program Stride in order to help companies offer U.S. workers access affordable healthcare plans, according to a press release emailed to PYMNTS.

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Mastercard adds gig-worker benefits for fintech partners

Payments Source

Targeting fintechs serving the fast-growing ranks of U.S. gig workers, Mastercard has formed a partnership with a portable-benefits provider Stride to help users find health, dental and vision care. Fintech Gig economy Mastercard

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.