Tue.Aug 13, 2019

A bank that runs accounts for just 50 cents a year

Chris Skinner

I recently attended a FinTech conference where Henry Ma, Vice President & Chief Information Officer of WeBank, presented an update of how the bank is faring in China. For those unaware, WeBank is the offshoot of WeChat Pay, WeChat and Tencent, and focsuses upon financial inclusion in China.

Fintechs, banks target Gen Z consumers with mobile apps, financial education

Mobile Payments Today

Fintechs and traditional banks are targeting Gen Z consumers, millions of whom have limited access to banking or credit, with targeted mobile apps and financial education

Mobile 353

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Chris Skinner’s TEDx Talk

Chris Skinner

Well, I’ve always thought there’s a few accolades that would be good on the profile. Advisor to the White House, World Bank, World Economic Forum and United Nations all sounds good. Now I can add TEDx Speaker.

Challenger banks raise $649m in Q2 as investor confidence grows

Bank Innovation

Challenger banks are the single biggest segment among the fastest growing fintech startups, CB Insights reported Tuesday. According to the latest CB Insights’ State of Fintech Funding report, digital-only challenger banks raised $649 million across 17 deals in the second quarter of 2019.

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Things worth reading: 14th August 2019

Chris Skinner

Things we’re reading today include … Danish bank launches world’s first negative interest rate mortgage Apple/Goldman Sachs: pay pals U.S. SEC to consider new guidance on investor use of proxy advisors What comes after Bretton Woods II?

Apple 214

More Trending

Faster Checkout Might Be The Key To Boosting Retail App Adoption

PYMNTS

In June, Costco launched a revamped digital membership app that allows members to use its mobile device rather than flashing a physical card upon entry and during checkout. Convenient? However, it can’t be used for in-app payments.

Retail 256

How Amex is using Resy’s platform to tailor offerings to customers

Bank Innovation

Fresh off the acquisition of restaurant reservation service Resy, American Express is using the platform to build customer loyalty and potentially offer customers more products.

FTC Chair: Breaking Up Big Tech Is An Option

PYMNTS

The chief of the U.S. Federal Trade Commission (FTC) said he’d he’d be willing to break up tech companies if necessary, according to a report by Bloomberg.

The power of precision: AI-driven predictive analysis versus Amazon’s HQ2 decision [Sponsored]

Bank Innovation

Making sense of massive amounts of unstructured data from news and other sources is complicated, but artificial intelligence can be leveraged to process large datasets to make intelligent predictions.

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Subscriptions Change How Online Gaming Plays To Win

PYMNTS

Video games have changed a lot since the early days of home gaming in the late 1970s and early ’80s. The graphics improved, the games got more expensive and elaborate and a whole lot more people from every walk of life are playing them.

Online 243

VCs building an 'ecosystem' through fintech investments

Payments Source

VCs have been devoting more attention — and funding — to U.K.-based based digital remittance providers such as TransferWise, Revolut, WorldRemit and their smaller rival Paysend.

What Cambodia’s Debt Crisis Means For Microlending

PYMNTS

There is a debt crisis slowly but surely building in Cambodia that could see millions of people losing their homes and family farms — the result of microlending run amok amongst 15 percent of the population.

Study 243

How Your Bank Can Pick Up 40 Basis Points of Margin

Banker to Banker

IMPROVING MARGIN Community banks face intense competition from different institutions and various industries. There is currently a market phenomenon that is creating an unusually challenging environment for community banks that compete for real estate financing.

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

60 LATAM Banks Can Now Process Cross-Border Payments Using Bitcoin

PYMNTS

Bantotal , a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports.

PSD2's identity requirements are the toughest hurdle for merchants

Payments Source

The tougher authentication standards will take time and effort, but will strike a blow against fraud, writes Andrew Mortland, vice president of product at Accertify. ISO and agent Retailers Authentication Payment processing

Fraud 124

FCA Agrees To 18-Month SCA Implementation Timeframe

PYMNTS

The Financial Conduct Authority said Tuesday (Aug. 13) that it has agreed to a phased implementation of the Strong Customer Authentication (SCA) rules slated to start taking effect beginning next month.

Banking's detente with fintech can also solve legal weed's payment problem

Payments Source

Fintechs can help integrate payments into banking systems while solving the compliance problem, says Joel Sherwin of Weinberg Gonser LLP. ISO and agent Cannabis Payment processing Fintech Retailers

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

How Merchants Turn Showrooming Into A Sale

PYMNTS

It can be challenging to recall the fear brick-and-mortar retailers had of mobile commerce seven to 10 years ago.

Is it time to worry about mounting credit card debt?

Payments Source

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom. Credit cards Consumer lending Auto lending Mortgages Student loans Federal Reserve

Cards 104

More Than Pretty Pictures: The Rise Of Visual Commerce Boosts Retail

PYMNTS

For fans of retail or marketing history — or just fans of how people communicated in the past — reading old magazine and newspaper advertisement from, say, before the 1960s can be fun and illuminating.

Retail 227

Checkout-free developers pursue troves of shopper data

Payments Source

Checkout-free technology is very limited in availability and very much a work in progress, but developers and investors are relying on its promise to accelerate payments' broader evolution from streamlining execution to determining intent.

Data 98

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Payroll Faces Cyber Threats From All Sides

PYMNTS

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

8.13.19 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: NatWest tries voice assistant; MoneyGram's web relaunch; New Zealand allows crypto salary; Deliveroo quits Germany; Mexico suffers a card outage. Briefing

Cards 95

Amazon India Launches B2B App Marketplace

PYMNTS

Amazon India is rolling out an online marketplace to connect vendors on its platform to B2B services. Reports in the Economic Times of India on Monday (Aug.

eBook 221

Bento, Dwolla partner for Bento Pay launch

Payments Source

Expense management provider Bento for Business has launched its Bento Pay B2B payment app with partner Dwolla, which has specialized in B2B payments the past few years after initially operating mobile wallet and financial institution faster payment services. B-to-B payments Faster payments ACH

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.