Thu.Jun 17, 2021

People will help banks win the race to the cloud

Accenture

Banking’s push to digital during the pandemic has placed tech in the spotlight. The power of the cloud has never been so clear. Accenture research shows that 49% of banks have moved a significant portion of their workloads to the cloud, compared with 33% of businesses across all industries.

Banks Turn To AI To ‘Get Serious’ About Credit Lifecycle Management

PYMNTS

Although the total number of banks that use artificial intelligence (AI) to assess credit risk has tripled in the past three years, those gains have overwhelmingly been limited to the largest lenders.

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XBRL News about derivatives, open standards and ESEF audits

Daily Fintech

Here is our pick of the 3 most important XBRL news stories from the last week.

FinTech Wise Plans Direct Listing On London Stock Exchange

PYMNTS

FinTech payments startup Wise is planning one of the first direct listings on the London Stock Exchange (LSE) and is not raising any funds, Reuters reported on Thursday (June 17).

Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

Alt Lending week ended 18th June 2021

Daily Fintech

Major Banks face further capital constraints over exposures to crypto currencies The Basel committee on Banking supervision is apparently casting its eyes on bank’s exposures to crypto currencies.

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Four Reasons Digital Communications Will Rule in Our Post-Pandemic World

Strategically Speaking

To say we’re living in unprecedented times would be an understatement. Thanks to a global pandemic, it seems like just about everything has changed, from social norms to travel to where and how we work.

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Digital Health Passports Seen Rising As Walmart Joins Growing List Of Providers

PYMNTS

Convenience is the ultimate selling point of Walmart’s digital health wallet — which allows users to access personal health information, including COVID-19 vaccination records — especially in a market that’s been slow to take the plunge into the digital age until it was necessary during the pandemic.

Bond Market Forecast for Second Half of 2021

SWBC's LenderHub

The municipal bond market took a wild ride in the first half of the year to near-historic levels of richness versus Treasuries that is rarely seen, and the environment is ripe for the second half of the year to take it even further.

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New Report: Why Two-Thirds Of Digital Banking Customers Abandon Sign-Up

PYMNTS

With studies estimating that 6 billion consumers will be making transactions electronically by 2023, it is safe to say that digital is becoming the new default when it comes to payments.

Report 169

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!

Lenders should do more to alert homeowners of flood risks, lawmakers say

American Banker

Senate Banking Committee FEMA Flood insurance Elizabeth Warren

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FIs Need Flexible Online-Offline ‘Digital Everywhere’ Strategy

PYMNTS

When the pandemic is finally in the rearview mirror, the shift to digital banking will stick.

Juneteenth bill creates Truth in Lending Act issue

CFPB Monitor

The bill signed into law by President Biden on June 17, 2021 to create the Juneteenth National Independence Day results in an important change under the Truth in Lending Act (TILA) and Regulation Z. Under TILA and Regulation Z, there are two definitions of “business day.”

Apparel Retailers Become Marketplaces Selling Multi-Branded Merchandise

PYMNTS

When most people hear the word marketplace, their immediate association is Amazon — it's been in the game since the year 2000 and built itself into the best-known internet marketplace in the United States and one of the best known ones in the world.

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.

D.C. federal district court stays CSBS lawsuit while OCC reviews framework for chartering national banks

CFPB Monitor

The D.C. federal district court hearing the lawsuit filed by the Conference of State Bank Supervisors (CSBS) seeking to block the Office of the Comptroller of the Currency from granting a national bank charter to Figure Technologies Inc. has entered an order staying the lawsuit.

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Cybereason Study: 80 Pct Of Ransomware Victims That Pay Get Hit Again

PYMNTS

A study by Cybersecurity firm Cybereason shows that more than half of respondents were hit with a ransomware attack and 80 percent of those who paid the ransom were hit with a second attack, often by the same thief.

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Nevada and New Mexico State Medical Debt Collections Laws to Take Effect July 1, 2021

CFPB Monitor

State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. Both laws have been signed by the states’ Governors and take effect July 1, 2021. New Mexico Patients Debt Collection Practices Act .

Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests

PYMNTS

The last 16 or so months has triggered a full reset of almost every part of consumers' lives, as they were forced to rewire themselves to work in a world on lockdown due to the pandemic.

Data 151

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

Lina Khan becomes FTC Chair

CFPB Monitor

On the same day that she was confirmed as an FTC Commissioner by the full Senate , Lina Khan was designated FTC Chair by President Biden and sworn in as Chair.

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New Report: Digital Identity Verification Keeps Ridesharing Customers, Drivers Safe

PYMNTS

The global sharing economy has continued its path to growth, with one study finding more than 86 million United States consumers alone are now using some kind of sharing service.

Report 151

CFPB to resume examinations for Military Lending Act compliance

CFPB Monitor

In another action demonstrating that a “new CFPB” is in place under the Biden Administration, the CFPB has issued an interpretive rule setting forth the basis for its determination that it has authority to examine institutions that it supervises for Military Loan Act (MLA) compliance.

The UK Crowns 100th Tech Unicorn

PYMNTS

The United Kingdom tech industry hit a major milestone on Thursday (June 17), with 100 tech firms in the country reaching a valuation of at least $1 billion to attain unicorn status, according to an announcement that cited Tech Nation and Dealroom data.

How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.

The Big Tech In Fintech Report: How Facebook, Apple, Google, & Amazon Are Battling For The $28.2T Market

CB Insights

The adoption of fintech apps has skyrocketed throughout the Covid-19 pandemic, spurring further growth and investor interest in this category. Fintech had one of the most successful quarters in history in Q1’21 , with record deals, funding, exits, and mega-rounds. .

SpotOn Integrates With Google To Help Restaurants Make Online Ordering Easier 

PYMNTS

Restaurant management startup SpotOn is integrating Order with Google to help its restaurant clients streamline the online ordering process. The integration will give customers the ability to order directly through Google Search and Maps using SpotOn Order. "We

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An app that helps people with autism navigate challenges of banking

American Banker

M&T Bank Mobile banking

Telemedicine Visits Down 30 Pct From Pandemic Highs As Big, New Players Enter Market

PYMNTS

Eighteen months ago, the thought of logging onto your computer or punching an app on your phone for medical visits was widely viewed as outrageous or even impossible.

Video 141

4 Data-Driven Steps To Drive Successful B2B Demand Generation

Fact: Good data lives at the core of every successful B2B demand generation strategy. Without quality data, it’s nearly impossible to identify and segment your target audience and create messaging that speaks to their values and interests. Whether you’re stepping into a new position or you’re new to demand generation, learning the tricks of the trade can be, well, tricky. In this eBook, you’ll discover how to improve your demand generation program—and your bottom line.