Mon.Oct 11, 2021

NEW REPORT: Capturing the Global Cryptocurrency Payments Opportunity

PYMNTS

Consumers and businesses alike are expressing more curiosity surrounding emerging payment methods after a year of rapid change to common shopping and banking practices.

Q2 2021 US card issuer earnings commentary

Accenture

Credit Card Receivables & Purchase Volume YoY Growth: 2Q21 Earning call commentary Growth “We’ve ramped up our acquisition engine. We’re pleased to see overall acquisitions of proprietary cards, which include our co-brands, increased to 2.4 million new cards acquired in the quarter.”–

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Trending Sources

NerdWallet IPO Filing Shows 21M Unique Visitors Per Month 

PYMNTS

The pandemic had many people scrambling for answers about financial health and guidance. And like many a FinTech before it, NerdWallet, the personal finance company, has found it an opportune time to go public.

Market Commentary: Week of October 11, 2021

SWBC's LenderHub

Last Week. It was a chaotic week for just about every asset class. The supply of goods and services across the globe continues to have the transitory camp scrambling to redefine “transitory," as we saw WTI crude oil touch $80 during the week.

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

Customers Cite Trust and Security as Restraining Factors in Adopting Digital-Only Banking Service

PYMNTS

Banking customers have made it evident in a PYMNTS study that convenience and ease of use provided by technology-based services are of utmost value to their experience, which is a deciding factor in making a banking choice.

More Trending

Startups Look to Tap Into Africa’s Telehealth Opportunities

PYMNTS

African telehealth is looking like it could hit a boom with more mobile connectivity and better innovations to bridge the doctor-patient ratio gap, a report says. MPharma , a Ghanaian startup, is looking to open 100 virtual centers across seven African markets in the next six months.

Banks and real-time payments players team up on cross-border payments

BankInovation

Banks on both sides of the Atlantic have created a high-speed cross-border payments proof-of-concept project headed up by three powerhouses of payment and messaging.

EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster

PYMNTS

EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and make the process easier.

Sunrise Banks: The benefits of an in-house automation team

BankInovation

A "strike team" approach to automating bank processes may be more involved than partnering with a technology vendor, but it can deliver faster results, provide more control and pay dividends down the road as the team grows together. So says Brett Cooksey, chief information officer at $1.67

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.

Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe

PYMNTS

Oportun , a specialist in low- to moderate-income lending, which services many Latinos, has withdrawn its application for a bank charter.

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Dimon sees crypto headed toward U.S. regulation: IIF update

BankInovation

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that cryptocurrencies are going to be regulated as anxiety around stablecoins and the asset class more broadly has been growing in Washington.

US Will Regulate Crypto, Dimon Says

PYMNTS

The U.S. will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon predicted Monday (Oct.

Industry scrambles to prepare for CFPB debt collection rules

American Banker

Debt collection Regulation and compliance Consumer banking

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

Walmart Partners With Netflix on New Product Lines

PYMNTS

Walmart and Netflix are joining forces to bring products celebrating some of the streaming service’s most popular kids’ shows to store shelves across the country in a partnership they’re calling the Netflix Hub, according to an announcement on Monday (Oct.

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Pinning the tail on the economy: why domestic developments aren’t enough

BankUnderground

Simon Lloyd and Ed Manuel. Central banks don’t just care about what is expected to happen. They also care about what could happen if things turn out worse than expected. In line with this, an emerging literature has developed models for measuring and predicting overall levels of macroeconomic risk.

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Business Impact to Emerging Market SMBs of Facebook Outage Just Starting to be Known

PYMNTS

Panic, agony, torture, stress – those are some of the words users around the world had to describe last week's six-hour global outage, from 4 p.m. GMT (11 a.m. ET) until around 10 p.m. GMT on Monday (Oct. 4), during which social media services Facebook, WhatsApp and Instagram were down.

CBA urges CFPB to adopt larger participant rule for fintech consumer lenders

CFPB Monitor

The Consumer Bankers Association has sent a letter to Rohit Chopra, the incoming CFPB Director, in which it urges the CFPB to adopt a larger participant rule for fintech consumer lenders.

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.

Separation of Store, eCommerce Operations Draws Increasing Interest

PYMNTS

Decades ago, when consumers had only one way to shop — in store — retailers were able to focus all their efforts on optimizing that experience.

CFPB Section 1071 proposed rule on small business lending data collection published in Federal Register

CFPB Monitor

More than a month after it was issued, the CFPB’s notice of proposed rulemaking (NPRM) to implement Section 1071 of the Dodd-Frank Act was published in the Federal Register on Friday, October 8.

Paper Checks’ ‘Long Tail’: What It Takes to Move B2B Into the Digital Age 

PYMNTS

To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B payments, even though their overall usage has been declining. The pandemic, though, has not been the nail in the coffin.

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Making Banking Easier with Intelligent Branch

Cisco Retail

It’s a time of transition and digital transformation in financial services.

ATM 74

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Bitcoin Daily: Pantera CEO Hesitant on Bitcoin ETF; Bitcoin Price Keeps Going Up; Futureswap Raises $12M, Bitcoin’s Two-Week Rally Pushes Prices Above $57K

PYMNTS

Pantera Capital CEO Dan Morehead said the cryptocurrency market is doing well, although a possible new bitcoin exchange-traded fund (ETF) could jeopardize the progress, Decrypt reported.

Philip Hammond adds cryptocurrency role to post-Treasury jobs list

TheGuardian

Former chancellor joins Copper.co

China Probes State Banks for 'Political Deviations'

PYMNTS

China’s president is taking a closer look at the connections between his country’s state banks and larger private-sector operators in an effort to clamp down on capitalist forces. That’s according to a Monday (Oct.

FICO Fact: Does FICO’s minimum scoring criteria limit consumers’ access to credit?

Fico Collections

Does FICO’s minimum scoring criteria limit consumers’ access to credit? . Simply put, the answer is no.

The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.