Sun.Jan 19, 2020

JPMorgan Chase: First Among Equals

Chris Skinner

When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results.

Eagle Home Mortgage, Blend launch mobile app for loan officers

Bank Innovation

Eagle Home Mortgage is moving its loan application process to a mobile format through a new tool from underwriting company Blend. The app, Blend Loan Officer, was launched this month. It allows Eagle loan officers to work with customers, guiding them through loan applications on smartphones.

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Things worth reading: 20th January 2020

Chris Skinner

Things we’re reading today include … Monzo bank ‘freezing accounts for no apparent reason’ JPMorgan to buy Paris building to bring euro teams from London CEO says Bank of America aims to ‘double’ its U.S.

India’s Online B2B Marketplace Beldara Grows

PYMNTS

Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan.

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Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Basking in foreign fintech investment, India exercises its kingmaker role

Payments Source

Last week, Indian regulators ordered an antitrust probe of Walmart and Amazon while Jeff Bezos and other Amazon execs traveled to New Delhi to tout a $1 billion investment to digitize local businesses. The message is U.S. investment is welcome, as long as U.S.-driven

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The backstory of Goldman Sachs' Marcus app, three years in the making

American Banker

Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app. Mobile banking Digital banking Mobile technology Fintech Apps Goldman Sachs

Cannabis Startup Eaze Struggles To Pay Vendors

PYMNTS

Once calling itself the “Uber of pot,” Silicon Valley cannabis startup Eaze is struggling to pay vendors as it searches for a new round of funding, reports said on Thursday (Jan.

Will CFA franc renaming bring small change to west Africa?

The Banker

The move to rename the CFA franc the 'eco' and lessen France's economic influence over the Waemu bloc has been broadly welcomed. But what will the repercussions be for the rest of west Africa? John Everington investigates

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal.

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!

4 Ways to Improve Borrower Experience to Meet Fintech Challenges

The Financial Brand

Targeted personal credit offers plus approaches tapping the best in digital lending technology will keep banks and credit unions in the game. The post 4 Ways to Improve Borrower Experience to Meet Fintech Challenges appeared first on The Financial Brand. Customer Experience Lending Strategies

Bitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto, RBI Case Back In Court

PYMNTS

Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan.

Pivotal Identity Trends That will Reshape Payments and Retail Banking

The Financial Brand

Forces are in play that could shift the balance of power in financial services to payment networks. Consumer identity is the key factor. The post Pivotal Identity Trends That will Reshape Payments and Retail Banking appeared first on The Financial Brand. Customer Experience Payments Strategies

New Orleans Hack Causes Vendor Payment Delays

PYMNTS

The computer system at New Orleans City Hall is still on the fritz following a cyberattack on Dec. 13 that has stalled vendor payments. It will cost more than $7.2 million and take as long as eight more months to repair, according to reports last Wednesday (Jan.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Kenya’s Money in the Past: IMF Transparency Evaluation

Bankelele

Looking into an IMF report on the size of Kenya's public sector. Debt ratings IMF Investing in Kenya Kenya economic growth oil industry

Bank of America CEO: Room To ‘Double’ Its US Retail Segment

PYMNTS

Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking giant can double its consumer market share. In a recent interview with the Financial Times , Moynihan was candid: “Our market share in consumer is probably 12, 13, 14 percent, depending on who counts?.?.?.?The The reality is, you could double that.

Bitcoin Bears vs Bulls

Daily Fintech

Bitcoin started the year with a bang. In the last 24 hours it went up 3%, topping $9,000. The entire week has been exciting week, with one rally after another feeding the bulls. Bitcoin has exploded by over 30% since January 1, and we’re just a couple of weeks into 2020.

EU Official Downplays 5G Delay Over Security Concerns

PYMNTS

European industrial policy chief Thierry Breton said Sunday that he didn’t agree with claims that waiting on European companies to install a 5G network would delay the rollout of the new technology.

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.

Instagram Cuts IGTV Button, Citing Low Use

PYMNTS

After lackluster returns on downloads, Instagram is removing the button that let users access its standalone IGTV app, according to spokespeople. The app only got about 7 million downloads from users since it launched in June of 2018, which is paltry compared to TikTok’s 1.15

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US-funded VPNs, Apps See Increased Usage In Iran

PYMNTS

backed virtual private networks (VPNs) are working to help Iranians circumvent internet censorship from their own government. The outreach is intended to help anti-regime protesters get access to free internet and secure messaging, with the U.S. government supporting protesters inside Iran.

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