Sun.Sep 19, 2021

Bitcoin Daily: El Salvador Now Third in Global Bitcoin ATM Count; Central Bank of Russia to Delay Digital Asset Exchange Payments; Magnum Real Estate Accepts Payment in Bitcoin; Christie’s to Auction NFTs

PYMNTS

El Salvador now has the third-largest network of cryptocurrency ATMs, which amounts to 70% of all South American crypto ATMs, Cointelegraph reported, citing data from Coin ATM Radar. The country is third only compared to the U.S. and Canada, according to the report.

Epic v. Apple: The metaverse will not be monopolized

Daily Fintech

Apple makes big bucks from its App Store since it launched it in 2008 with an initial 500 applications. The app ecosystem has grown into more than five million apps and into a huge business, with users spending $380 billion worldwide on in-app purchases. In 2020, Apple made $72.3

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US Investigation of Binance Widens to Include Alleged Market Manipulation

PYMNTS

The U.S. investigation into crypto exchange Binance has expanded to include possible insider trading and market manipulation, Bloomberg writes. The inquiry has included the officials looking into whether Binance or its staff made money by taking advantage of its customers.

Banks call IRS reporting plan a compliance and privacy nightmare. Is it?

American Banker

Biden Administration IRS Politics and policy

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.

Amazon Ups Sponsored Ads in Searches

PYMNTS

Amazon is selling more ads — and charging more for them — to companies seeking to buy product listings atop customers' search results, CNBC reports.

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China Regulators Tell Wall Street Execs New Rules Won't Stifle Tech

PYMNTS

Chinese regulators are defending their crackdown on industries that have disrupted the market as they speak with Wall Street executives, saying the new rules aren’t supposed to crush tech companies.

Core Providers Not Seen as Viable Open Banking Partners

The Financial Brand

The development of open banking solutions by banks and credit unions requires significant support beyond existing third-party partnerships. The post Core Providers Not Seen as Viable Open Banking Partners appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Groups Ask US House to Kill Proposed Account Reporting

PYMNTS

banking lobby groups want to nix a proposal for bank account reporting that’s part of the congressional reconciliation package.

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4 Practical Ways to Create Lasting Innovation in Banking

The Financial Brand

Few in banking would deny the importance of innovation. Yet many institutions fail to make changes that produce results. Here's why. The post 4 Practical Ways to Create Lasting Innovation in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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.

Procure-to-Pay Startup PayMate Eyes Funding to Shore Up Reserves

PYMNTS

Indian procure-to-pay startup PayMate is seeking to raise $4 million, including a lead investment of $2 million from U.S.-based based Felicitas Equity Fund, as well as additional funds from Astor Management and CXI Valley I, Inc42 reported.

4 Technology Forces Could Bulldoze Banks Off the Map

The Financial Brand

Moody's report forecasts cloudy days ahead for traditional financial institutions, with potential economic storms in the offing. The post 4 Technology Forces Could Bulldoze Banks Off the Map appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

US Official Asks India to Look Into Central Bank's Mastercard Ban, Report Says

PYMNTS

A U.S. trade official has issues with India’s decision earlier this year to bar Mastercard from issuing new cards, Reuters reported. Brendan A. Lynch , the deputy assistant U.S.

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4 Tech-Driven Forces Could Bulldoze Banks Off the Map

The Financial Brand

Moody's report forecasts cloudy days ahead for traditional financial institutions, with potential economic storms in the offing. The post 4 Tech-Driven Forces Could Bulldoze Banks Off the Map appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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.

B2B Food Marketplace SupplyMe Opens eCommerce Site in UAE

PYMNTS

Online B2B marketplace SupplyMe, which connects local food suppliers with food service businesses, is rolling out in the United Arab Emirates, Tradearabia.com reported. The company works with numerous businesses like hotels, restaurants, cafes, supermarkets and more, according to the report.

4 Tech-Driven Forces Could Bulldoze Banks Off the Map

The Financial Brand

Moody's report forecasts cloudy days ahead for traditional financial institutions, with potential economic storms in the offing. The post 4 Tech-Driven Forces Could Bulldoze Banks Off the Map appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Flipkart Wholesale, Davinta Team to Offer BNPL Capabilities to Retail Clients

PYMNTS

Flipkart Wholesale is pairing with Davinta Financial Services to offer buy now, pay later (BNPL) option terms to Flipkart’s small- to medium-sized business (SMB) customers, Business Standard reported.

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AP Automation Software Maker AvidXchange Plans Nasdaq IPO

PYMNTS

AvidXchange, which describes its business as “transforming how [middle-market businesses] receive, manage and pay their bills,” filed Friday (Sept. 17) to go public on the Nasdaq, according to a filing with the Securities and Exchange Commission (SEC).

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.

US Telehealth Services Gets $20M Boost for Rural, Underserved Communities

PYMNTS

The federal Department of Health and Human Services is distributing nearly $20 million to three dozen organizations, nationwide, that are working to spread telehealth in rural areas.

Bitcoin Daily: Russia Central Bank to Delay Digital Asset Exchange Payments; Christie’s to Auction NFTs

PYMNTS

In other news, the Bank of Russia will be working with commercial banks to delay payments to digital asset exchanges, intending to limit “emotional” crypto purchases by unqualified investors, Bitcoin.com reported.

Digital Asset Marketplace Bakkt Readies SPAC Merger

PYMNTS

Bakkt Holdings, a digital asset marketplace, will merge with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings (VIH), according to a press release. Bakkt works in a B2B2C model and allows users to convert holdings to digital assets or pay merchants directly.

Google Flexed Its 'Financial Muscle' in India, Antitrust Report Says

PYMNTS

According to an India-based probe, Google is guilty of abusing its dominant position to hurt competitors.

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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.

China's X-Border, Risk Service Provider XTransfer Nets $138M for Product Upgrades

PYMNTS

XTransfer, a Chinese cross-border financial and risk management service provider, has come away from a Series D funding round with $138 million, according to a press release. XTransfer, which is headquartered in Shanghai and has offices in Hong Kong, the U.K.,