Wed.Aug 04, 2021

IDC Says Companies Will Spend $342B On AI Solutions For Digital-First Economy

PYMNTS

The artificial intelligence (AI) market is booming these days, with companies forecasted to spend hundreds of billions of dollars on AI solutions for a more digitally focused world. Revenue for the market is expected to grow 15.2 percent year over year in 2021, which will see it hitting $341.8

Stablecoin News for the week ending Wednesday 4th August.

Daily Fintech

Is human intervention good for Stablecoins? Here is our pick of the 3 most important Stablecoin news stories during the week. This week we saw a very interesting dynamic play out.

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Booking Holdings Sees 59 Pct Hike In Room Nights Driven By US, EU Travelers

PYMNTS

Booking Holdings ’ second quarter room nights increased 59 percent from the first quarter of 2021, primarily driven by stronger results in Europe and in the U.S. amid the recovery from the pandemic, according to a press release.

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Robinhood $HOOD joins Fintech 50 Index at rank 19 based on a market cap around $32 billion

Daily Fintech

Fintech 50 Index is 50 publicly traded Fintech stocks ranked by market cap and has been incubated within Daily Fintech, the leading site for Fintech, Crypto and Insurtech trends & analysis.

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.

TrueCar Teams With AutoFi On Streamlining Auto Financing

PYMNTS

Online car retailer TrueCar is now working with AutoFi to give customers more advanced ways to explore auto financing. With the partnership, those who have configured payments with TrueCar will be able to apply for financing through the dealer of their own choice.

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More Trending

Affirm Closes $500M Securitization Of Its POS Installment Loans

PYMNTS

Payment network Affirm has closed a $500 million securitization of its point-of-sale (POS) installment loans, which will help it boost its growth in the future, according to a press release.

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Bank Partnerships Improve America’s Financial Education Report Card

ABA Community Banking

As kids head back to school, banks across the United States will deploy their resources, reach and expertise to provide the next generation, particularly those in underserved communities, with the financial education they need.

Robinhood Stock Soars By 50 Pct

PYMNTS

Stock for Robinhood was up over 50 percent on Wednesday (August 4), with its close being $70.39 — a near-doubling of the initial $38 price it started at in July. That’s up from the previous close of $46.80 and opening at $54.45 as of the beginning of the day Wednesday.

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Dynamic Pricing In Action: The Good, The Bad and The Beautiful

Daily Fintech

In “Is Pricing Innovation In Insurance a Zero Sum Game?”, consumers were more amenable to propositions based on evolving coverage types with dynamic pricing. Markets are pushing carriers to adopt pricing innovations.

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.

AP Automation Firm Stampli Unveils Partner Program

PYMNTS

The accounts payable (AP) automation platform Stampli launched a new partner program Wednesday to allow its clients to expand their offerings.

Salesforce to acquire RPA vendor Servicetrace

BankInovation

Cloud-based software company Salesforce announced this week it will acquire robotic process automation (RPA) provider Servicetrace in a move that will boost Salesforce’s function-specific offerings, especially with regard to finance.

Today In Food: Lines Blur Between Grocery And Restaurant, Content And Commerce

PYMNTS

Today in restaurant and grocery news, POS companies aim to meet more of restaurants’ tech needs, while sandwich chain Quiznos announced that some Denver locations will soon accept bitcoin. Plus, contextual commerce platform Chicory’s president talks about making content fully shoppable.

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Grayscale hires ETF head to convert biggest Bitcoin fund

BankInovation

The company behind the largest cryptocurrency fund is building out its ETF team, despite dimming odds that U.S. regulators will approve the structure this year.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Fiserv, Caixa Debut Card-Based Payments Service For Brazil's Businesses

PYMNTS

Caixa -branded point-of-sale (POS) terminals will now be available in Brazil through an agreement with Fiserv , according to a press release. They’ll be available at all 4,300 Caixa branches.

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Ripple's blueprint to modernize Europe's payments infrastructure

American Banker

Cross border payments Blockchain Ripple Europe

Today In Retail: Apple And Affirm Make More BNPL Waves; CVS Looks To Combat Labor Shortage

PYMNTS

In today’s top retail news, Apple and Affirm continue this week’s slew of buy now, pay later (BNPL) announcements, while CVS Health is joining the increasing number of retailers that are offering higher pay and better benefits to attract sidelined workers.

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Stock Yards to Add $2.6B Through Commonwealth Acquisition

Banking Exchange

Plus: Chicago banking groups Old Second and Finward announce acquisitions Community Banking Feature3 Feature Management M&A. 1Community Banking

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!

Data Brief: 51 Pct Of Brazilian Consumers Want SMB Loyalty Data Managed By Banks

PYMNTS

Analyzing the role of loyalty for recovering small and medium businesses (SMBs), PYMNTS researchers surveyed a census-balanced panel of over 1,100 Brazilian consumers as part of a global study of more than 4,500 consumers in four countries.

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Customers Want Human-Digital Service Balance, Survey Says

Banking Exchange

Traditional banking products are “out”, according to tech company Temenos Retail Banking Financial Trends Feature Human Resources Customers Performance Feature3 Covid19 Branch Technology/ATMs Financial Research. 1Retail Banking

AI-Powered Finance Startup Zeni Notches $34M Series B Funding

PYMNTS

Silicon Valley finance concierge startup Zeni raised $34 million in a Series B funding round led by Elevation Capital with additional participation from new backers, Think Investments and Neeraj Arora. Elevation Capital founder and managing partner Ravi Adusumalli is also joining Zeni’s board.

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Mortgage revenue settling back to 'normal times'

American Banker

Mortgage rates Earnings Refinance Originations

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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.

Bitcoin Daily: Smart Contract Network Provider Data Gumbo Nets $7.7M For Scaling, Middle East Expansion; Digital Asset Manager Grayscale Hires Ex-Alerian CEO As ETF Chief

PYMNTS

Data Gumbo , provider of blockchain-powered smart contract network GumboNet , has closed a Series B funding round with $7.7 million, according to a press release. These funds are adding onto the first close of the round at $4 million from September, the release stated.

Cyberdefense firms claim headway against 'credential stuffing'

American Banker

Cyber security Cyber attacks

The Pros and Cons of Citizens’ M&A Spree

Banking Exchange

Moody’s warns that President Biden’s executive order on M&A “risks stifling” some US bank mergers Management Feature M&A Risk Management Feature3 The Economy. 1Management

BOK Financial in Oklahoma promotes insider to be next CEO

American Banker

Community banks Oklahoma

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.