Wed.Nov 24, 2021

Bitcoin Daily: Bitcoin Sees Price Spike Above $57,000 for a Brief Period

PYMNTS

Bitcoin has continued a trend of surprising price spikes, passing $57,400 for a brief time on Wednesday (Nov. 24), a report from Cointelgraph says.

The Climate Change Conundrum Part 1: Insurers’ Maneuvers

Daily Fintech

A study of insured losses over the last half century reveals that weather-related events have significantly escalated compared to non-climate perils. Between 2010 and 2019, global insured losses from wildfires increased by 500%.

Study 94
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Augmented Reality Helps Deliver Technical Assistance to Frontline Workers 

PYMNTS

When automotive technicians need help diagnosing a problem, they can share what they’re seeing and receive helpful information through a pair of smart glasses.

Stablecoin News for the week ending Wednesday 24th November.

Daily Fintech

Disruption is scary – particularly if it is happening to you! Here is our pick of the 3 most important Stablecoin news stories during the week. Last week a number of Politicians and Regulators woke up to what the current financial marketplace disruption could mean.

Your Guide to Using Conversational Marketing to Drive Demand Generation

What is conversational marketing really about? This guide will examine the market forces at play, shifting buyer trends, how to leverage conversation marketing, and the tactics involved in adopting it for a B2B demand generation strategy.

Digital Payments Represent 66% of Total Operating Revenue in Bulgaria’s FinTech Sector

PYMNTS

FinTechs in Bulgaria achieved a record of BGN 1.86 billion ($1.03 billion) in 2020, a roughly 20% increase compared to 2019, helped by the boost in real-time transactions. This data was published in the annual FinTech report by the Bulgaria FinTech Association (BFA), released on Nov.

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Uber Says 2K Brussels Drivers May Be Sidelined After Court Ruling

PYMNTS

Uber drivers in Brussels may soon be out of a job after a ruling from the city’s court of appeal making an extension from a 2015 cease-and-desist order, Bloomberg writes.

Banks Outpace Credit Unions in Customer Satisfaction Levels

Banking Exchange

Regional and community banks received high ratings from customers, while national banks, and super-regional banks trailed behind Community Banking Feature3 Feature Customers Retail Banking. 1Community Banking

What Senate Banking Committee Chair Sherrod Brown Should Be Asking Tether

PYMNTS

The chairman of the Senate Banking Committee sent the issuers of a half-dozen stablecoins letters Wednesday (Nov. 24), demanding they explain how their tokens are minted and redeemed. Many of the questions were the same, but they were largely aimed at, or at least caused by, one company: Tether.

Santander Bank Opens Branch in King of Prussia, and donates to local non-profit Organizations

Banking Exchange

Habitat for Humanity among the Beneficiaries Community Banking Feature3 Feature. 1Community Banking

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

The Digital Consumer Has Redefined Retail’s ‘Normal’

PYMNTS

For many people and companies, there exists a burning desire to move past the global pandemic and return to some semblance of “normal,” which most take to mean a resumption of life as it was approximately two years ago.

Retail 229

Majority of Bank IT Executives Say Cloud Tech Will Help Achieve Goals

Banking Exchange

Top drivers of cloud technology include cost reduction and artificial intelligence Technology Feature3 Feature Human Resources Tech Management Outsourcing/Cloud. 1Technology

Rising Consumer Awareness Sparks Tripling of Instant Payments

PYMNTS

In many ways, 2020 was the year of disbursements in the United States. The U.S. government disbursed stimulus payments to 138 million consumers to shore up their income as employment levels plummeted amid the pandemic, and by July had issued roughly 171 million payments.

Advice to banks: Don't dump aging workers

American Banker

Workplace management Commercial banking

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Wish Pursues Legal Action Over Being Removed From French Search Engines

PYMNTS

eCommerce marketplace Wish is suing the French government after the government ordered that Wish be removed from online platforms and search engines over product safety concerns, per a Tech Times report Wednesday (Nov.

Activist investor calls for new leadership at California community bank

American Banker

Industry News Community banking

Authoritarian Central Banks Can be Very Good for Bitcoin, Until They’re Not

PYMNTS

Look at how bitcoin performed overnight in Turkey and India, and you’ll get an excellent picture of how an authoritarian central bank can be very good for crypto, until it is very bad.

How businesses can use virtual cards to fight AP fraud and boost efficiency

BankInovation

Why virtual cards matter: The cost of accounts payable (AP) fraud can be high for businesses. Nearly one in four companies report a payment fraud attack each year, according to Ardent Partners.

Tools 71

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.

AMZN vs WMT Weekly: Amazon Finally Matches Walmart for Consumer Retail Sales

PYMNTS

Though both Amazon and Walmart began their holiday promotions weeks ago, the two largest retailers in the U.S. are still counting on the days between Black Friday and Christmas to bolster fourth quarter, with Amazon likely hoping the holiday season can help it take the No. 1 spot once and for all.

Retail 228

MSU Financial Credit Union plans automation expansion through chatbot

BankInovation

The MSU Financial Credit Union (MSUFCU) launched an artificial intelligence (AI)-powered external chatbot this year, but already the $6.6 billion credit union is planning to expand its chatbot automations in 2022.

BitPay CEO: Taproot Upgrade Gives Bitcoin Greater Flexibility — and Broader Appeal

PYMNTS

Even bitcoin gets an upgrade from time to time. And as upgrades go, Taproot is a game-changer, Stephen Pair , CEO of BitPay , told PYMNTS’ Karen Webster. It will spur more people — particularly developers — to utilize features and capabilities that have always been there, but have remained untapped.

Listen: Finastra’s head of cloud, core and digital talks banking strategy

BankInovation

Banks should look to expand their product portfolios and incorporate more services such as payments while embracing new technology, including blockchain, to increase customer retention.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Merchants Use Data, Payment Tech to Reduce Costs, Increase Online Global Sales

PYMNTS

There’s been an explosion of businesses interested in expanding their online sales outside of their domestic markets, and the pandemic has played an important role in this shift.

Online 220

Loan demand gets boost from inflation-wary businesses, consumers

American Banker

Interest rates Community banking

In a World of Buy Now, Pay Later, Lease to Own Payments Convert Customers Merchants Otherwise Ignore

PYMNTS

Even before runaway inflation started to dominate headlines, PYMNTS research uncovered that 57% of the U.S. population is living paycheck to paycheck, including 39% of consumers with incomes of $100,000 a year or more.

Study 219

Household debt and labour supply – a new labour market channel

BankUnderground

Philip Bunn, Jagjit Chadha, Thomas Lazarowicz, Stephen Millard and Emma Rockall. Does higher household debt lead to greater labour supply? Ahead of the Global Financial Crisis (GFC), UK household debt rose considerably.

A Recruiter’s Guide To Hiring In 2021

With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. As the New York Times observed, “It’s a weird moment for the American economy.” And recruiting professionals are caught in the middle. To make the most of this disruption, you need to understand the economic drivers, develop a strong strategy for unearthing valuable talent, and use the latest tech tools to get the job done. Read this guide to get your recruiting practice ready to thrive in the new normal.