Sun.Jul 18, 2021

Revolut’s $33B Valuation Reflects The Promise Of Open Banking

PYMNTS

Valuation is a curious business. A company goes and raises capital — to grow, to invest, to put in the till for the proverbial rainy day — and with that capital comes an implied “worth” of the company in question.

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What’s next for DeFi?

Daily Fintech

In the financial world, 2021 will likely be remembered for two things. First, it was the year that Bitcoin began to gain traction, with a growing number of major financial institutions, huge technology corporations, and even a government signing on.

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Bitcoin Daily: SoftBank To Invest $75M In PayPal Co-Founder-Backed Crypto Exchange Bullish; Judge Lets Ripple Question Ex-SEC Director In XRP Case

PYMNTS

SB Northstar, which is an investment arm for SoftBank, has agreed to an investment of $75 million in Bullish , the Block.one subsidiary crypto exchange, CoinDesk writes. Bullish has been valued at $9 billion. The company is set to go public before the year's end.

Hotel lending improves as pandemic eases, but risks remain

American Banker

Lending Delinquencies

Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

COVID-Closed Factories, Canceled Orders Hit Asia's Clothing Industry

PYMNTS

Garment workers in Bangladesh have taken a heavy hit because of the pandemic's economic disruptions, losing almost $12 billion in wages, a report from CleanClothes.org says.

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Tesla Mobile App Update Includes $199 Monthly Self-Driving Subscription

PYMNTS

Tesla plans on offering a new subscription version of its Full Self-Driving package with several features for self-driving cars including navigating on autopilot, autopark and other things, a report from Electrek says. There's also a full self-driving computer and traffic light and stop control.

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Increased Digital Banking Interactions Require Greater Personalization

The Financial Brand

With digital banking transactions increasing, the need for personalized and contextual experiences becomes essential. The post Increased Digital Banking Interactions Require Greater Personalization appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Logistics Tech Firm Portpro Unveils Smartphone App

PYMNTS

PortPro , which provides technology used in the drayage industry, announced a new mobile app the company says will let clients run businesses using the company's technology but without the need to work through web interfaces.

For Most Banks, the ‘Do It All’ Days Are Over: Here Are Their Options

The Financial Brand

Trying to match everything the national banks do is a losing strategy. Instead, midsize banks should focus on what they're good at.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

US Regulators, Advisory Group To Look At Stablecoins

PYMNTS

Treasury Secretary Janet L. Yellen has convened top financial markets advisors and regulators to discuss the potential — both good and bad — of stablecoins, her office announced.

For Most Banks, the ‘Do It All’ Days Are Over: Here Are Their Options

The Financial Brand

Trying to match everything the national banks do is a losing strategy. Instead, midsize banks should focus on what they're good at.

Enterprise Bank & Trust Purchase Of First Choice Bank Approved By Regulators

PYMNTS

Enterprise Financial Services Corp., the parent of Enterprise Bank & Trust, announced its acquisition of First Choice Bank has received all of its necessary regulatory approvals and now is in the hands of shareholders of both banks.

Razorpay acquires lending startup TERA Finlabs

The Paypers

India-based full stack financial solutions company Razorpay has aquired TERA Finlabs , an AI-based risk tech SaaS Platform, for an undisclosed amount

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

People's Bank Of China Says Almost 25 Million eWallets Opened To Use Digital Yuan

PYMNTS

There was a total of $5 billion in transactions with China's new central bank digital currency (CBDC) by the end of June, the Peoples' Bank of China said in a new report. The report says the CBDC had been applied in more than 1.3

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Companies Use Higher Wages, Tuition And TikTok To Hire Workers

PYMNTS

Chipotle and Target are among the companies using TikTok to try and recruit new young workers from Gen-Z, CNBC writes. TikTok Resumes is a pilot program right now, and allows job candidates put their resumes on the popular video streaming site.

As Stimulus Funds Wane US Economy Will Slow, Experts Say

PYMNTS

The U.S. economy's recovery might have already hit its peak for the time being.

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Flipkart Tells India Court In Antitrust Case It's 'Different' From Amazon

PYMNTS

Flipkart , which is owned by Walmart , doesn't think it should be treated like Amazon in an Indian antitrust suit, U.S. News reports. Flipkart said the evidence against the two firms was "qualitatively different."

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4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

Terry Lundgren Says Apparel Market Can Take Some Slight Price Raises

PYMNTS

According to ex- Macy's executive Terry Lundgren , the apparel market probably won't see any issues from rising inflation, CNBC reports. Lundgren told CNBC's “Power Lunch” that the industry, which has seen almost no inflation for a decade, would welcome a “modest” five percent increase in prices.

CFPB Blog Warns Consumers Biggest Risk Of BNPL Is Themselves

PYMNTS

It’s been a busy time for the buy now, pay later segment over the past few days, including an announcement from Discover that it is investing $30 million in Sezzle and reports that Apple is looking to leap into the fray with its own installment program for Apple Pay with Goldman Sachs.

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Circle Announces New Details Of Crypto-Driven Bermuda Expansion

PYMNTS

Less than a month after winning regulatory approval to offer a high-yield crypto product in Bermuda, FinTech Circle announced more details of its previously-disclosed plans to expand its operation in the country.

VARStreet Releases WorksLeader To Expand B2B Market Penetration

PYMNTS

VARStreet unveiled a product offering called WorksLeader that the company described as a subscription-based business-management platform for value-added resellers.

How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.

Lackluster IPO Performance This Quarter Could Impact Upcoming Listings

PYMNTS

The tepid market reception of some recent initial public offerings bodes poorly for other IPOs scheduled to hit in the near future, Bloomberg News reports.

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