Tue.Jun 08, 2021

Open Banking and CDR: The open data economy

Accenture

In our last post we discussed the different channel strategies banks can adopt when considering their place in the open banking ecosystem. We spoke about the opportunity this brings for banks to distribute their products through non-banks and for banks to distribute non-bank products.

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Ripple Proposes New XRP Ledger Tools For Smart Contracts

PYMNTS

Ripple is proposing Federated Sidechains for the XRP Ledger as a way to balance the needs of user requests for smart contract features with the blockchain company’s desire to keep the XRP Ledger lean, according to a post from Ripple.

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Banks stand to benefit as sustainability co-stars alongside digital

Accenture

Kudos to the gurus: ten years ago, the prediction was that digital would be driving every business today. It is. However, something else has happened, too. Digital now has a co-star. Sustainability. Top billing is no longer solo: it’s a dual affair.

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OFAC Sanctions: Lessons from Deutsche Bank

Abrigo

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Would you like others articles like this in your inbox?

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.

Facebook To Simplify Instagram Shop Setup, Test Affiliate Tool

PYMNTS

Facebook CEO Mark Zuckerberg said Tuesday (June 8) that the social media giant would be implementing new ways for content creators to make digital Instagram shops, Bloomberg reported.

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More Trending

FBI Recovers Ransomware And Follows Great (Bitcoin) Wallet Hop 

PYMNTS

The “what” is this: A significant portion of the bitcoin-denominated ransomware demanded of – and received from – the Colonial Pipeline operator has been recovered.

The New Normal of Online Banking

Banking Exchange

It’s undisputed that the pandemic brought upon new obstacles to the way people bank and pay each other Payments Technology Lines of Business Tech Management Feature3 Feature. 1Payments

Online Fitness Firm Liteboxer Notches $20 Million

PYMNTS

At-home boxing fitness company Liteboxer has raised $20 million in a Series A funding round, the company announced in a Tuesday (June 8) press release. Nimble Ventures led the round, with participation from B.

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Bringing Back the 1990s!

SWBC's LenderHub

Remember the good old days of the 1990s? Back in the day, you could drive your Saab 900 to Bed Bath and Beyond to get some towel racks on your way to the AMC movie theater to watch “Toy Story," all the while being connected to work by the snazzy BlackBerry clipped onto your belt.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Finding The Win-Win In B2B Trade Credit

PYMNTS

The practice of B2B suppliers selling to their customers on credit is as old as trade itself, but it is not without its shortcomings. With some sectors like the apparel industry pressing for longer payment terms, vendors are forced to work out how to stay afloat while cash flow gets impeded.

Walmart partners with PayNearMe to support cash bill pay in stores

American Banker

Retailers Walmart Cash Bill pay

Nuance: Competition Is Pulling Healthcare Into The Digital Era

PYMNTS

The healthcare industry has developed a special reputation for being a difficult environment for innovation , a place where new technology , ironically, goes to die.

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UK housing market is on fire, warns Bank of England chief economist

TheGuardian

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Remote Work, Order Backlog Propels US PC Market Up 73 Pct In Q1 2021

PYMNTS

The U.S. saw a surge in the PC market as work-from-home continued in the first quarter of 2021, a Canalys study found, according to a press release. The market grew 73 percent in Q1, the release stated.

Improving Your Bank's Digital Experience

ATM Marketplace

The banks that will thrive in this new digital ecosystem are those that understand what customers are looking for, anticipate that need, and find the most innovative way to meet that need with specific products, services and capabilities

Yapily Rolls Out Bulk Payments-As-A-Service For SMBs

PYMNTS

Yapily , which works in providing open banking infrastructure, rolled out a new open banking bulk payments service with Comma , a Tuesday (June 8) press release emailed to PYMNTS said. The platform will allow for streamlining the process of bulk payments for U.K. businesses.

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Walmart and PayNearMe deal allows customers to pay rent, utility bills with cash 

BankInovation

Walmart continues to ramp up its financial services offerings, today announcing a new deal inked with payments platform PayNearMe that allows customers to pay rent, car payments and utility bills with cash at participating Walmart stores starting in August.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Bitcoin Slumps To Four-Month Low, Could Test $30K

PYMNTS

Blood, Sweat and Tears had it right: What goes up, must come down. Bitcoin ’s slide, ongoing as of this writing, must have stalwarts wistful, as the 800-pound gorilla in cryptos is down about 14 percent in just the last week alone.

Banks invest in AI with an eye toward ethics

BankInovation

In seven tweets last month, the insurer Lemonade described how it’s using artificial intelligence (AI) to assess customer risk to improve underwriting, customer acquisition and fraud.

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Issuers Use Crypto-Enabled Debit Cards To Reach New Consumers, Markets

PYMNTS

Cryptocurrency has recently entered the financial mainstream, with increasing interest from consumers looking to invest in and pay with the digital assets.

What is Fastly and Why a Slew of Websites Went Offline

BankInovation

An outage at Fastly Inc., a cloud-based content platform that serves many leading international websites, sent swaths of the web offline on Tuesday.

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

NY Fed Research Says Mortgage Forbearance Skews Credit Scores

PYMNTS

The pandemic is ebbing, and the U.S. economy is — in lumpy fashion, to be sure — reigniting. That means forbearance programs are due for an unwinding.

Amazon seeks expert in blockchain, distributed finance

American Banker

Amazon Blockchain Retailers

Merchant Acceptance Will Unlock Trillions In Pent-Up Crypto Spending Power

PYMNTS

Bitcoin may get a lot of attention, but it is only part of the broader digital currency equation. In the drive to bring crypto into consumers’ wallets and, in turn, into the merchants’ tills, broadening acceptance while also increasing ease of use in spending will be critical.

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LendingClub builds on Radius Bank acquisition with exec moves

American Banker

Digital banking M&A Growth strategies Consumer banking Commercial banking

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.