Wed.Oct 20, 2021

New Banking Infrastructure Needed To Bank Today’s Crypto ‘Unbankables’

PYMNTS

The growing interest of mainstream businesses in digital assets is a turning point of sorts for this new asset class, signaling a new era of legitimacy for these digital currencies and the blockchain technology they ride.

4 Ways Financial Institutions Can Get Buy-in for Their Latest Tech Investment

Abrigo

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. You might also like this whitepaper, on optimizing change management. DOWNLOAD.

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Reserve Bank of India Fines Paytm, Western Union for Regulations Violations

PYMNTS

The Reserve Bank of India (RBI) has announced a monetary penalty of Rs 1 crore (about $133,670) on Paytm Payments Bank for the charge of submitting information not reflecting the facts, Business Standard reported Wednesday (Oct. That is an offense to the central bank’s Payments and Settlement Act.

Stablecoin News for the week ending Wednesday 20th October.

Daily Fintech

Could Crypto eat the Regulators as well as TradFi? Here is our pick of the 3 most important Stablecoin news stories during the week. This story from Wolfgang Münchau got us thinking this week. Wolfgang is worth a follow if you are interested in a different take on Politics in Europe.

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.

China’s Pressure Ahead of CBDC Rollout Points to Privacy Issues

PYMNTS

China is pushing for its digital yuan to be more widely distributed and for consumers to have more exposure. The Winter Olympics are drawing near, slated for early 2022 — and that’s when Beijing is due to roll out its central bank digital currency (CBDC) nationally.

Course 228

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Blockchain and Smart Contracts Put Germany’s Auto Dealers on Financing Fast Track

PYMNTS

As the mobility sector continues its digital shift with a variety of vehicle sales platforms expanding capabilities — particularly into financing — the complexities of vehicle financing and the reams of paperwork generated in the process are prime for innovation.

ABA elects Zions Bank CEO as chair

Banking Exchange

Election was held recently in Tampa, Florida Management Feature Human Resources Feature3 Community Banking. 1Management

Tampa 78

Today in Retail: Ulta Beauty Bolstering Digital Abilities; Shopify Teams up With Spotify

PYMNTS

In today’s top retail news, Ulta Beauty is trying to build the “digital store of the future,” while Shopify is set to help Spotify artists sell merchandise through a new partnership with the streaming music company.

Pandemic Prompts Jump in Online and Mobile Banking

Banking Exchange

Changes in digital habits expected to be permanent The Economy Technology Mobile Online Tech Management Digital Feature Feature3. 1Technology

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.

Blockchain, Stablecoins Set to Deliver ‘Tangible’ Value to B2B Payments, Financial Services

PYMNTS

The blockchain can be the underpinning for the financial services ecosystem to give rise to assets that have real tangible value — including stablecoins and other cryptocurrencies.

HSBC Venture Debt Program Reserves $100m to Support Women and Minority Led Start-ups

Banking Exchange

Early-stage capital will seek to bridge the gender and racial gap Community Banking Feature3 Feature Duties Financial Trends Net Zero Sustainability Socially Responsible Investing SRI Exchange SRI Women SMEs Diversity Inclusion Carbon Neutral. 1Community Banking

Trade Gap Challenges Are Tackled by Technology

PYMNTS

Risk is present, in some form or another, in every transaction. But nowhere is risk so glaring as it is in the trade finance “gap” that bedevils supply chains around the globe.

Neobanks offer challenges and opportunities for traditional banking sector

Banking Exchange

27% of consumers now have relationships with neobanks Retail Banking Financial Trends Feature Lines of Business Technology Feature3 Fintech Mobile Online Neobanks. 1Retail 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.

Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote

PYMNTS

Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova and could scrap the choice ahead of a vote.

How climate risk is already creeping into banking policy

American Banker

Climate change Politics and policy

Biden Pulls Back on IRS Bank Account Tracking Proposal

PYMNTS

The controversial proposal by the Biden administration to grant the IRS the power to track bank accounts with more than $600 in annual transactions is now being revisited, following pushback by Republicans and banking lobbyists who called the move an invasion of privacy by the federal government.

Taxes 207

Fifth Third takes ‘head-to-head’ approach with fintechs, big banks

BankInovation

As it undergoes a core upgrade, builds on its digital banking services and continues to increase technology spend, Fifth Third Bank is targeting competition from fintechs and larger banks with a key advantage: its brick-and-mortar assets.

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.

Danske Bank Rebuked Over Lacking Money Laundering Controls

PYMNTS

Denmark-based Danske Bank has come under fire for lackluster protocols in place following a money laundering scandal, according to a Wednesday (Oct. 20) report from the Financial Times.

Citizens Financial eyes more wealth management acquisitions

American Banker

Earnings M&A Commercial banking

Wells Fargo Invests $10M in Cloud Payments Firm Volante

PYMNTS

Volante Technologies, a cloud pay and financial messaging firm, announced in a Wednesday (Oct. 20) press release that it received $10 million in growth funding from Wells Fargo Strategic Capital. This brings the total institutional investment for the company up to $45 million.

The Top 50 Blockchain Companies Of 2020: Where Are They Now?

CB Insights

In 2020, 50 private blockchain companies from 14 countries made it to the CB Insights Blockchain 50.

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.

PayPal Said to Be Negotiating Pinterest Buy

PYMNTS

PayPal Holdings Inc. is having discussions about buying social media platform Pinterest, people familiar with the talks told The Wall Street Journal on Wednesday (Oct. 20), in a deal that would add a new dimension to the payment platform’s offerings.

Blend rolls out income verification service for gig economy workers

American Banker

Consumer lending

Kroger Launches Private Marketplace for Brands to Reach Consumers

PYMNTS

Kroger Precision Marketing (KPM) has debuted a private programmatic advertising marketplace for brands and marketers of consumer packaged goods (CPGs), Supermarket News reported Wednesday (Oct.

What banks want most from young fintechs

American Banker

Fintech

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.