Mon.Feb 17, 2020

JUST HODL IT

Chris Skinner

Another day, another conference, another meeting. This time we’re chatting and talking with a group of people from banks, and I’m wearing one of my favourite new t-shirts, emblazed with the message: Just hodl it! Before taking stage, someone asked me what hodl meant. I was surprised.

WorldRemit links with Alipay on one-tap global payments to China

Bank Innovation

WorldRemit is partnering with Alipay to reduce friction in cross-border payment transactions. The integration allows WorldRemit customers to send money to Chinese recipients by connecting with their Alipay accounts. The service has been available since January.

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Things worth reading: 18th February 2020

Chris Skinner

Things we’re reading today include … What will bank branches look like in the future?

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RBC fuses payments and messaging for business clients 

Bank Innovation

Royal Bank of Canada is using digital money transfer service Interac to help corporate clients follow up with their customers on outstanding debts. The bank announced the feature, “Interac e-Transfer: Bulk Request Money,” last week to help clients collect payments faster.

IP Address Fraud Case Shows Ease Of Hiding Identity On The Web

PYMNTS

The lawsuit against Amir Golestan and his web-services provider firm Micfo is shedding light on the ecosystem that governs the world of online spammers and hackers, a Wall Street Journal article said on Monday (Feb.

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TipYo pitches digital tipping for hotel staff

Bank Innovation

There may no longer be an excuse for stiffing hotel staff who ferry bags to guest rooms. TipYo, an Alexandria, Va.-based based payments startup, wants to simplify the tipping process through a method that’s as simple as using Venmo to pay a friend.

More Trending

Who Wants A Marcus Checking Account? A Lot Of People, According To One Survey

Ron Shevelin

Marcus could have more customers calling it their primary bank than US Bank, PNC, and Truist have. Ranked by number of primary bank customers, Marcus would become the 5th largest bank in the US

Cisco On The Future Of Safe And Smart Cities

PYMNTS

With some analysts projecting a trillion IoT-enabled devices to be in use around the world by 2035, defending the IoT ecosystem is becoming more crucial as emerging technologies spread across business sectors and spark the development of smarter cities, homes and automobiles.

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Lawsuit alleges PNC built payments product with stolen trade secrets

American Banker

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations. Crime and misconduct Litigation PNC Online payments PNC Financial Services Group Corporate finance Commercial banking

How Cisco Is Building The Smart Cities Of The Future

PYMNTS

IoT technology has rapidly expanded beyond in-home devices into cities worldwide.

Incumbent banksâ?? money management apps face rocky future

Bobsguide

Large banks are struggling to develop money management apps to rival challengers, according to Mark O’Keefe, Payments Systems Regulator (PSR) panel member and founding director at Optima Consultancy. “There's a lot of talk, and I think this is probably a theme that you see from

Flywire’s Massaro: Healthcare Payments’ $375B Efficiency Opportunity

PYMNTS

According to the Centers for Medicare and Medicaid Services , healthcare expenditures in the U.S. are expected to approach $6 trillion by 2027, with an annual growth rate that will eclipse GDP growth for that same period. That may not come as much of a surprise.

`NonTransparent ETFs` one step forward and two steps backward

Daily Fintech

The `NonTransparent ETF` wrapper caught my attention recently, while reviewing WealthManagement news and trends. What kind of innovative investment vehicle would choose in our times, this kind of name?

The $500B Consumer Lifestyle Opportunity Credit Unions Are Missing

PYMNTS

Credit unions (CUs) have a bit of asymmetry in their relationships with their customers. On one hand, as PYMNTS data shows , customers very much like their credit unions, and are loyal to them. PYMNTS found that 65 percent of members chose their CUs because they trusted them, 58.4

Lawsuit alleges PNC built payments product with stolen trade secrets

Payments Source

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations. Crime and misconduct Litigation PNC Online payments PNC Financial Services Group Corporate finance Commercial banking

Visa, Accor Team To Push Loyalty Past Points

PYMNTS

There has been no shortage of new takes on card-based loyalty schemes — especially in the last decade as digital has exploded and the competition for customer spend has become increasingly tight. Particularly, in the travel and hospitality sector, co-branded card programs have flourished.

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Tech has mastered the cloud. Now it's business' turn

Payments Source

Long-term success in the adoption of cloud technology requires a focus and integration of cloud within the broader business transformation plan, says Unisys' Maria Allen. Fintech Financial institutions Digital payments ISO and agent Data management Payment processing Cloud computing

Apple Says Coronavirus Will Ding Future Revenue

PYMNTS

Citing the deadly coronavirus, Apple has become the first major company to admit it won’t meet its projected revenue for this quarter because of the outbreak, according to published reports Monday (Feb.

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“Today, the narrative is moving from the hands of the marketers to the consumers”

BankBazaar

Our Chief Marketing Officer, Aparna Mahesh was recently in conversation with the Hindu Business Line to talk about the recent shift in the narrative of marketing and how brands are coping with it. ?.

N26’s UK Customers Scramble After Bank’s Exit

PYMNTS

Online bank N26 ‘s decision to exit the U.K. has customers feeling left behind, CNBC reported. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to do business there.

Why South African Debt Managers Should Be Febru-worried

FICO

South Africans just went through the month they dub Janu-worry, where they fret about how to pay off our December bills. That's over, but the big picture is scarier than any family's holiday spending binge.

Monzo Sets Goal Of 500 New Hires, 5.5M Users

PYMNTS

British digital bank Monzo , expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers again to turn a profit.

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The Challenger Banks That Threaten to Disrupt Financial Institutions

The Financial Brand

Out of hundreds of fintech rivals, 30 stand out as serious competitors to banks and credit unions, including five rising stars. The post The Challenger Banks That Threaten to Disrupt Financial Institutions appeared first on The Financial Brand.

Creating LATAM’s Commerce ‘Digital Value Chain’

PYMNTS

Instant payments, digital commerce and banking across mobile devices are all gaining ground no matter where you look, geographically speaking.

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How Financial Marketers Must Prepare as Chrome Cookies Crumble

The Financial Brand

Major changes to web selling and promotion loom as Google pursues new rules for the leading browser. Great site content could become king. The post How Financial Marketers Must Prepare as Chrome Cookies Crumble appeared first on The Financial Brand.

Tracksmith: Taking DTC Running From Heartbreak Hill To The Global Market

PYMNTS

Bostonians take their running seriously. Boston is home to the world’s “statement race” — the Boston Marathon. There was a time when you trained there if you considered yourself a serious runner, although Kenya has taken that spot. And although Runner’s World magazine had the nerve to rank it No.

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2020 Retail Banking Priorities Don’t Reflect Urgency For Change

The Financial Brand

Banking trends and priorities for 2020 from financial services and business leaders, as well as financial institutions from around the world. The post 2020 Retail Banking Priorities Don’t Reflect Urgency For Change appeared first on The Financial Brand.

BankFinancial Equipment Adds SMB Reach

PYMNTS

The expansion of BankFinancial Equipment Finance brings its leasing capabilities to governmental, middle-market and small businesses, BankFinancial announced on Friday (Feb. 14). .

2020 Retail Banking Priorities Don’t Reflect Urgency For Change

The Financial Brand

Banking trends and priorities for 2020 from financial services and business leaders, as well as financial institutions from around the world. The post 2020 Retail Banking Priorities Don’t Reflect Urgency For Change appeared first on The Financial Brand.

French FinTech Closes $4M For New Neobank

PYMNTS

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.