Sun.Aug 01, 2021

FinTech Mercury Nets $120M Including Crowdsourcing

PYMNTS

Mercury , which helps install banking for startups, has raised $120 million in a funding round, according to a company blog post , and has set aside $5 million to let users in the round as well.

Prices Bounce Back and Crypto Population Hits 221 Million

Daily Fintech

On Friday, bitcoin’s price rose to $42,351.93. The cryptocurrency hit its highest price since May 20 and in the past seven days, the price of bitcoin increased by 23.2%. In the last week the price of bitcoin has broken the $40,000 mark on several occasions.

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Fed's Brainard: US Needs CBDC For International Use Cases

PYMNTS

Lael Brainard , governor of the Federal Reserve , has said there are a myriad of reasons to begin developing a central bank digital currency (CBDC), Reuters reported.

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In 'war for talent,' bank employees gain upper hand

American Banker

Employee benefits Workforce management Compensation Recruiting Industry salaries

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.

IMF, TCH: Risks Can Outweigh Rewards For Cryptocurrencies, CBDCs

PYMNTS

Financial inclusion may be a selling point for digital currencies — but other risks may outweigh those rewards.

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PayPal Puts Together Crypto Support Team In Ireland

PYMNTS

PayPal is building a "small team" of cryptocurrency experts in Ireland as the payments company increases customer offerings related to bitcoin and other digital currencies, Ireland's "Independent" newspaper reported.

How Banks Can Ensure Fintech Partnerships Don’t Fail

The Financial Brand

Relationships with fintechs are quickly becoming an essential for survival, but they'll only work with three key factors in place. The post How Banks Can Ensure Fintech Partnerships Don’t Fail appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

China SMBs Complete $580M In Cross-Border Transfers Using Blockchain

PYMNTS

Some 208 small- to medium-sized businesses (SMBs) in China’s Yunnan province have conducted 638 international transactions using a blockchain platform developed by the government, CoinDesk reported, citing an article in the Chinese government-run Spring City Evening News.

How 5G Will Reshape the Future of Digital Banking & Payments

The Financial Brand

The pace of digital transformation will rocket as vastly increased network speed and connectivity empowers both banks and their competitors. The post How 5G Will Reshape the Future of Digital Banking & Payments appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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.

Musk Calls Apple's App Store Fees A 'Tax,' Backs Epic Games

PYMNTS

Elon Musk has thrown his hat in the ring in the ongoing legal battle between tech giant Apple and Epic Games , which makes the ultra-popular Fortnite game, The Wall Street Journal (WSJ) writes. Musk came out on the side of Epic.

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Trends Signal an Ominous Future for Credit Cards

The Financial Brand

New data and shifting consumer payments preferences highlight key vulnerabilities that could make the product obsolete 'within a generation.'. The post Trends Signal an Ominous Future for Credit Cards appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

BNPL Takes Its Next Dramatic Turn As Square Buys Afterpay For $29B

PYMNTS

The race to control the buy now, pay later (BNPL) race has taken its latest surprise turn as FinTech giant Square has announced plans to buy Australian BNPL firm Afterpay in an all-stock deal worth about $29 billion, according to a press release.

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Banking Share of Wallet Threatened By Hidden Attrition

The Financial Brand

Neobanks and big tech firms are increasingly impacting retention of accounts and lifetime value of long-standing relationships. The post Banking Share of Wallet Threatened By Hidden Attrition appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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.

Bitcoin Daily: German Institutional Funds Can Invest In Crypto; Bitcoin Passes $40K For Highest Numbers Since May; Bitcoin Miners Bring In $970M In July

PYMNTS

Under a new plan in Germany, some institutional funds will be able to invest billions in cryptocurrency, which has never happened before, Bloomberg reported.

Challenger Banks Expected To Nab Millions More Users In Next 5 Years

The Financial Brand

A new study forecasts neobank user growth in the U.S. and beyond will more than double. Scary as that is, incumbent's innovations will help. The post Challenger Banks Expected To Nab Millions More Users In Next 5 Years appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

UPI Reports Over 3B Transactions In July As Digital Payments Increase

PYMNTS

India’s United Payments Interface (UPI), which is the flagship payments platform for the National Payments Corporation of India (NPCI), processed 3.24 billion transactions in July, a record, as digital payments rose, Business Standard reported. That’s a boost of 15.7

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How Banks Can Ensure Fintech Partnerships Don’t Fail

The Financial Brand

Relationships with fintechs will only work with three key factors in place, says former Wells Fargo innovation head. The post How Banks Can Ensure Fintech Partnerships Don’t Fail appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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!

Robo-Lawyer DoNotPay Hits $210M Valuation

PYMNTS

DoNotPay ’s company description is that of a “robot lawyer” trying to “beat bureaucracy,” and the company just more than doubled its valuation to approximately $210 million after a round of investments, Bloomberg reported.

Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting

PYMNTS

Neel Kashkari , president of the Federal Reserve Bank of Minneapolis , said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s s economic recovery as people might stop looking for work because of it, Bloomberg reported.

LatAm’s Xepelin Debuts SMB Lending, Revenue Service

PYMNTS

Xepelin , a Chilean FinTech that provides an online financial services platform for small- to medium-sized businesses (SMBs), has raised $30 million in equity and another $200 million in credit facilities, TechCrunch reported. The platform is geared toward companies in Latin America.

New Study: Pros Blame Consumer Uncertainty For Slow Uptake Of Open Banking

PYMNTS

Open banking in the United States is having trouble getting out of its nascent state, the latest edition of PYMNTS U.S. Open Banking Tracker found, noting that while the tools and tech are there, consumers aren’t ready yet.

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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.