Fri.Feb 26, 2021

Facebook Mulls 2021 Launch Of Facial Recognition Glasses With Ray-Ban

PYMNTS

A Facebook executive confirmed that the social media giant could release facial recognition glasses this year in partnership with Luxottica , the maker of Ray-Ban, Buzzfeed reported on Thursday (Feb.

Four keys to boosting digital fluency (and bonus: becoming more agile)

Accenture

As I introduced in my previous blog post, digital fluency is essential for banks’ performance in the near-term (to support remote and hybrid working) and long-term (to unlock the full benefit of digital transformation). But what does it look like in practice?

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TCH: Zelle’s RTP Settlements Eliminate ‘Mental Calculus’

PYMNTS

Consumers know the drill. Get a phone bill, send a check, time when the check reaches the provider, estimate when it gets deposited, and estimate when the funds clear. Mental note: Will you have enough in the account?).

Why faster payments are critical to the gig economy

Payments Source

More people are joining the gig economy, and a major driver of this trend — particularly for those working multiple gigs — is a need for faster access to cash to meet expenses. Faster payments Gig economy

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Walmart Looks To Win Customers By Wooing Businesses As Amazon Prime's Lead Shrinks

PYMNTS

It’s often been said that “the best defense is a good offense” — and in a similar vein, Walmart announced plans this week to attract more customers by enticing more businesses to sell their products on its platform.

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PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites

PYMNTS

PayPal Holdings, Inc. has become a part of Uber Technologies, Inc. 's s initiative to offer free or discounted trips to inoculation sites in the United States to help ensure that transportation isn't a barrier to vaccine access, according to a Friday (Feb. 26) announcement.

Certifications are more important as payment tech proliferates

Payments Source

When managed effectively, certification bodies can coordinate industry-wide solutions to otherwise significant challenges, easing pain points and ultimately driving innovation, says Fime's Reza Rahmani Fard. Risk Mobile payments Digital payments

Roblox Gaming Platform Pursues Older Users; Readies For Direct Listing

PYMNTS

Digital entertainment platform Roblox is going after adult users as it readies to go public via a direct offering scheduled for March 10, CNBC reported on Friday (Feb.

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This Week in Fintech ending 26 February 2021

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

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!

How Buy Now, Pay Later Is Helping To Put Tambo Teddies On The Map

PYMNTS

Merchants in retail sectors beyond clothing and footwear are beginning to embrace buy now, pay later (BNPL) options to help consumers pay for items more flexibly. These include home decor, fragrances, pet gear and even food — as well as more whimsical goods.

Real Learning from Virtual Teaching

ABA Community Banking

COVID-19 forced traditional bank financial education classroom presentations online. Tips from financial literacy experts for delivering learning and value through video-conferenced lessons. The post Real Learning from Virtual Teaching appeared first on ABA Banking Journal.

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Next Congressional Hearing Set For Robinhood-GameStop Debacle

PYMNTS

The U.S. House Committee on Financial Services will hold a second hearing on the Wall Street trading debacle that involved GameStop, Reddit, Robinhood and hedge fund traders, Crowdfund Insider reported on Friday (Feb.

Evolution of fintechs prevents Brexit headaches

Bobsguide

UK-based fintechs have largely been shielded from any negative Brexit side-effects by working with larger financial institutions and evolving their business models, according to Nicki Bisgaard, CEO and founder of fintech payments company EedenBull. There had been fears that Brexit would see the

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

No Ports In A (Retail) Storm Of Logistics Delays

PYMNTS

There’s the buying and the buying — but it’s getting the goods to the buyers that is a problem. As Bloomberg reported Friday (Feb. 26), retailers across a number of verticals have been struggling with logistics — namely, getting goods from point A to point B, even as consumers continue to spend.

ATM WebHost

ATM Marketplace

Multivendor application to expand ATM functionality without changing ATM-vendor. ATM Web Host enables banks to use the ATM network more efficiently, make more profit, advertise bank’s services and attract new clients.

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Navy Federal Finds Contactless Cards Pays Off

PYMNTS

The nearly year-long pandemic has rapidly changed how consumers are making payments, with emerging methods such as contactless solutions increasing in popularity.

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The biggest fraud threat of the year? There’s an app for that

ATM Marketplace

Buy online and pickup in store has changed the way consumers shop due to the coronavirus. But does this new trend create a greater risk of fraud? Jeff Sakasegawa, trust and safety architect at Sift, shares his thoughts and insight on how a smooth user experience could raise the potential for fraud

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.

Ternio Enlists Users As Alternate Route To Raising Growth Capital

PYMNTS

It might be considered slightly off-brand for a company based on blockchain technology and trading in cryptocurrency to raise money through traditional methods.

Cloudy with a chance of tariffs: the impact of policy uncertainty on the global economy

BankUnderground

Ed Manuel, Alice Pugh, Anina Thiel, Tugrul Vehbi and Seb Vismara. Average tariffs on goods traded between the US and China increased by 15 percentage points from early 2018 to 2019.

Report: Robinhood In Talks To Pay Financial Penalty

PYMNTS

To settle probes into its options trading processes and the downtime that its equity trading app faced last year, Robinhood Markets Inc. is in discussions to pay a financial penalty, The Wall Street Journal reported, citing a securities document.

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Could Your Vendor Hold Your Data Hostage?

New York's State of Mind

In states across the country, including New York, data protection is all the rage. If Governor Cuomo has his way, the Department of Financial Services will be establishing a bill of rights, which will include the right of consumers to exercise control over what personal information is collected, and the right to have this information […]. Legal Watch Mortgage Lending technology Caliber data servicing vendor

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

2020 Holiday Shopping Retrospective Report: Milestones Made In A Year That Almost Wasn’t

PYMNTS

It was the best of times. It was the worst of times. Or vice versa. Either way, it was the 2020 winter gifting season, more closely watched and commented upon than perhaps any before.

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Wells Fargo promotes veteran executive to new ESG post

American Banker

Geneviève Piché, who has worked in investment banking at the company for 20 years, will be in charge of helping corporate clients make environmentally and socially responsible investments. Wells Fargo Corporate governance ESG Commercial banking Women in Banking

Black-Focused Neobank First Boulevard Raises $5 Million

PYMNTS

First Boulevard , a neobank focused on the Black community, announced on Friday (Feb. 26) that it has raised $5 million in seed funding.

REV Federal Credit Union gears up for double merger

American Banker

Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina. Credit unions M&A Growth strategies South Carolina

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.