Fri.Jan 10, 2020

Thailand strives to catch up to Asian markets on digital banking

Bank Innovation

Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank governor. “At

Maintaining a competitive advantage in the banking space

Mobile Payments Today

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

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Weekly Wrap: CIT targets homeowners associations, as Qapital connects emotions with money

Bank Innovation

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 10, 2019.

Fine-Tuning ALM Strategies for 2020

Abrigo

Key Takeaways If you don't feel like your modeling results are relevant, then it might be time to ask different questions. Shift your ALM model from a static to a dynamic approach to find more value in your results. Strapped for time to implement these strategies?

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.

People’s Bank Of China Making Progress Toward Digital Coin

PYMNTS

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports.

More Trending

Visa: Road Tripping Into Connected Commerce’s Future Present

PYMNTS

It wasn’t long ago that the measure of a car or truck revolved around such things as the punch and pull of the engine, the smoothness of the transmission, perhaps even the thump of the stereo system.

Why surcharging remains controversial, even when most states allow it

Payments Source

Oklahoma lawmakers' decision last month to drop the state's surcharging ban was yet another signal that U.S. merchants have the final say in whether to apply extra charges to credit card transactions to offset interchange fees.

Big Brands Are Cutting Ties With Amazon

PYMNTS

IKEA has announced it is cutting ties with Amazon, a move that other brands like Nike, Birkenstock and PopSockets have also done recently. However, according to a report by CNBC , the move could backfire, as Amazon completely dominates the online shopping market, with 38 percent under its control.

Maximising the value in enterprise cloud adoption

Accenture

With cloud technologies promising shorter time to market, more agile delivery and lower total cost of ownership (TCO), most banks are well underway with their journey to the cloud. As a result, most have some part of their technology estate in the cloud already and are working actively to expand this footprint further still. The post Maximising the value in enterprise cloud adoption appeared first on Accenture Banking Blog.

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!

Tesla Invites Hackers To Find Flaws For Prizes At Competition

PYMNTS

To challenge hackers to find flaws in its vehicles, Tesla , the electric automaker, is returning to the Pwn2Own hacking competition run by Trend Micro ’s Zero Day Initiative (ZDI), electrek reported. Some Model 3 vehicles and approximately $1 million are said to be for the taking.

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U.K. issuer NewDay to acquire installment lending platform Deko

Payments Source

credit card lender NewDay, which issues co-branded cards for Amazon, Laura Ashley and Topshop, is expanding its technology offerings by acquiring installment lending platform Deko. Point-of-sale M&A Credit cards

Deep Dive: How Open Source ID Solutions Can Accelerate Digital ID Implementation

PYMNTS

Digital identity solutions are becoming increasingly necessary as the world’s population grows. An estimated 1.1

System 201

Retail-style perks can help banks battle fintech wallets

Payments Source

Banks can remain competitive in a more crowded field by offering attractive rewards through easy-to-navigate, secure microsites, says Informa Financial Intelligence's Gina DeCorla. Barclays Retailers American Express ISO and agent Loyalty and rewards Mobile wallets

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.

Forty Percent Of US-Listed Companies Report Losses

PYMNTS

The share of listed companies in the U.S. that are losing money is nearing 40 percent, which is the highest level since the 90s outside of a recession, according to a report by The Wall Street Journal. This time, there are no recessions and stock market indexes are at near or almost record highs.

Quality Assurance Is Critical In Software Development And Increasingly Automated

Tom Groenfeldt

As financial services grow more complex — think information delivery to tellers, call centers, web sites and mobile phones while checking available balances, confirming identity and tapping silos of data to build a better customer experience — firms are automating quality assurance (QA) to keep up

After PayPal Pays $4B For Honey, Amazon Tells Users To Uninstall It

PYMNTS

Amazon , during the height of the holiday shopping season, told its customers to uninstall Honey , a browser extension that automatically searches for coupon codes at checkout, according to a report by CNBC. Amazon said Honey could be a “security issue.”

Why Amazon targeted PayPal's Honey in deal-site pushback

Payments Source

The recent explosion of online shopping tools pointing users to the lowest prices for items — particularly on Amazon — appears to be making the e-commerce giant nervous. Amazon Online payments PayPal Retailers M&A Loyalty and rewards

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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.

How SMBs Can Address Late Payments — Before They Happen

PYMNTS

Few small businesses (SMBs) are immune to the risk of delayed and late payments.

Capital One's Winninger addresses the bank cafe experience

ATM Marketplace

Reimagining the in-branch customer experience has become an increasingly important challenge amid the rise of mobile banking an alternative payment options.

Fiserv: Why Gas Is Just The Start Of What Alexa Will Pay For

PYMNTS

While there were many attention-grabbing announcements coming out of the International Consumer Electronics Show (CES), among the more eye-opening was the joint announcement by ExxonMobil, Amazon and Fiserv that paying for gas at the pump was as easy as asking Alexa.

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Podcast: ATM Security Threats - How to overcome them and keep your cash secure

ATM Marketplace

Claire Shufflebotham is the Global Security Director at TMD Security, a world-wide provider of ATM security solutions and integrated keyless access management for ATMs and branches.

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.

Despite Amazon Relationship, Kohl’s Has Sour Holiday Season

PYMNTS

The year is off to a less-than-stellar start for Kohl’s. The retail chain has yet to report its fourth-quarter or full-year 2019 earnings, but in a statement released this week (Jan.

The Partnership Series – Volume One: Financial Institutions and Technology Firms

Strategically Speaking

The financial services industry seems to be transitioning into a new phase of technological advancement. The last 10 years have seen the beginning of a technological renaissance in many areas of the industry, affecting the way that both consumers and businesses interact with financial institutions.

SoftBank To Invest In Indonesia’s Sustainable City

PYMNTS

SoftBank Chief Executive and Founder Masayoshi Son wants to invest in the building of a $34 billion smart capital in Indonesia that would focus on renewable resources, according to a report by Bloomberg. Son met with President Joko Widodo in Jakarta on Friday (Jan.

This Week in Fintech 10 Jan

Daily Fintech

This weekly summary from our 5 experts, brings you insights based on their experience as investors, entrepreneurs & executives. Ilias Hatzis started his first company, an internet search engine, during the dot-com era & now focusses on crypto.

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.