Sun.Aug 11, 2019

The best FinTech startups in Europe

Chris Skinner

I received a long and lengthy article last week from Taylor Ryan, CMO at Valuer.ai (tryan@valuer.ai). The link provides a comprehensive article on European FinTech developments. It’s so good that I am happy to share it with y’all. Enjoy.

China’s Central Bank Completes Development Of Digital Currency

PYMNTS

The People’s Bank of China (PBoC) said it is now ready to launch its own blockchain-based digital currency after five years of research, CoinTelegraph reported on Sunday (Aug.

Things worth reading: 12th August 2019

Chris Skinner

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

PYMNTS

New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force.

NJ 212

Could the next financial crisis drive Bitcoin to mainstream?

Daily Fintech

“Bitcoin has no intrinsic value, but neither does government-issued paper money. The market should determine its value, while government should focus on disclosure, education, fraud prevention, and curbing its use to support criminal activities.”

Uber Dials Back New Engineering Hires

PYMNTS

Facing losses, San Francisco-based Uber is instituting a tech hiring freeze among other cost-savings measures, Bloomberg reported.

What Commercial Loan Covenants Matter For Banks

Banker to Banker

MANAGING LENDING RISK We are not sure when the first signs of a credit shock will appear, but it is coming.

More Trending

6 banking questions for the next Democratic debate

BankThink

From housing finance to Facebook’s crypto plans, moderators questioning the presidential candidates in Texas next month would have no shortage of financial policy topics from which to pick.

Texas 77

Tech Glitch Halts Card Processing For Some Mexico Merchants

PYMNTS

Shops in Mexico started asking customers to pay with cash after several of the country’s biggest banks started having issues handling debit and credit card payments, Reuters reported on Saturday (Aug.

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Bankruptcy relief for farmers would compound banks' credit risk

BankThink

President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen.

Amazon Delivery Causes USPS Shipments To Decline

PYMNTS

The U.S. Postal Service (USPS) reported a decline in package shipping for the third quarter of fiscal 2019. According to a press release , while the agency saw an increase in total revenue for the period — $17.1

Budget Travelling Across Europe

BankBazaar

Looking to travel across Europe on a shoestring budget? Here are a few handy tips that can help you save a ton of cash while you take in all the sights and sounds the continent has to offer. . When most people think of travelling to Europe they usually assume it will be a pretty expensive affair.

Accenture EFMA Bank Innovation Awards 2019: Nominations

Visible Banking

Submit your innovation before 6th September to be featured in the Accenture EFMA Bank Innovation Awards 2019. About a month ago, I was invited by the EFMA team to join the prestigious judge line up for the 2019 edition of their prestigious annual bank innovation awards in partnership with Accenture.

Capital One breach shows even a strong cloud has holes

Payments Source

There is no silver bullet when it comes to cybersecurity—and that goes double for the cloud, says Justin Fier, director for cyber intelligence and analysis at Darktrace. ISO and agent Risk Data breaches Payment processing Payment fraud Capital One

21 Tips for a Low-Cost Bachelor or Bachelorette Party at Any Destination

Money Crashers

What’s more fun than a wedding reception? For close friends of the bride and groom to be, the bachelor and bachelorette parties clearly beat out the reception. They also tend to be costly, especially when they take place far from most attendees’ homes.

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Why U.K. fashion retailers are rethinking their payments processes

Payments Source

In recent years, the in-aisle payments and checkout-free stores have become increasingly common across the U.K. retail market, especially in the supermarket and grocery sector.

Customer Engagement Needs to Improve at Most Financial Institutions

The Financial Brand

Financial institutions must rethink how they engage and connect with consumers, using personalized, real-time, and consistent communication. The post Customer Engagement Needs to Improve at Most Financial Institutions appeared first on The Financial Brand.

Staying ahead of the pack

CU Insight

How does your credit union plan for the future? Do you actively watch and interpret the shifts in our industry, society and economy? Do you incorporate any of this into your strategic planning? Without visiting a fortune teller, how can you forecast upcoming trends? Predicting the Future.

Apple Card Rollout Threatens Traditional Financial Institutions

The Financial Brand

Now that Apple Card is in the market, banks and credit unions must ask: Can we match this high-powered offering from Apple and Goldman Sachs? The post Apple Card Rollout Threatens Traditional Financial Institutions appeared first on The Financial Brand. Featured Content Mobile Channel

A big change in banking is coming

CU Insight

Global fifth-generation cellular wireless, better known as 5G, is going to have a big impact within financial services–including in one way that will be “counterintuitive” to many CUs, according to the experts.

Telling the credit union story

CU Insight

The secret to working effectively with the media is a two-part recipe based on strong relationships with journalists and sharing quality, relevant stories reporters need, says Lauren Williams, CUNA’s media relations manager.

NCUA launches new tool for charter applications

CU Insight

The NCUA Thursday announced a new automated system – the Chartering Proof of Concept tool – aimed at helping credit union organizers better understand how to prepare charter applications.

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LSCU’s La Pine: CUs purchasing banks is a ‘win-win’

CU Insight

It’s a win for consumers, their communities and their financial institution in the few scenarios when a credit union purchases a bank, League of Southeastern Credit Unions President/CEO Patrick La Pine wrote this week for AL.com.