Mon.Feb 22, 2021

Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen

PYMNTS

Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Treasury Secretary Janet Yellen said at a virtual conference held Monday (Feb. 22) by the New York Times that central banks should examine creating and issuing sovereign digital currencies.

E-wallets guide for current and future trends

Mobile Payments Today

Although initially viewed mainly as an alternative to a credit or debit card for online or in-store purchases, e-wallets have now expanded out into many different areas ranging from loyalty programs to direct-carrier billing

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Trending Sources

How Real-Time Request-For-Payment Features Can Ease Cash Flow Strains

PYMNTS

Businesses have become laser-focused on their cash flows while enduring the challenges of the pandemic. Late customer payments, which are pain points even during the best of times, became more commonplace last year, and too many late payments could spell disaster for these businesses.

Take care of your people to take care of your bank

Accenture

Middle market banks have done so much to help their employees during the pandemic. They’ve reskilled branch workers to process PPP loans. They’ve helped call center staff transition to remote work. They’ve supported employee health and well-being. But none of this surprises me.

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.

M&T Bank Closing In On $7 Billion Acquisition Of People’s United

PYMNTS

M&T Bank Corp is closing in on an acquisition deal to buy People’s United Financial for more than $7 billion, The Wall Street Journal (WSJ) reported on Monday (Feb. 22), citing sources. The all-stock agreement could be announced this week, the sources said, per WSJ.

More Trending

ID Check: COVID Changes Verification Needs Of Digital-First Economy

PYMNTS

Almost every industry in every business vertical has been affected by the pandemic. While some industries like restaurants and brick-and-mortar retail have slowed or even stalled, other areas like eCommerce have thrived.

SBA’s PPP Temporarily Closing to Firms With 20+ Employees

Abrigo

PPP Limits Applications to Small Firms Starting Feb. 26 for 14 Days. The goal is to reach the smallest and neediest firms, according to the SBA and Biden White House. Would you like others articles like this in your inbox? Takeaway 1 Starting Feb.

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Bitcoin Daily: Bitcoin Mine Operator Planning IPO; Swedish Financial Authority Warns Consumers Of Crypto Risks

PYMNTS

Bitcoin mine operator Northern Data AG is planning to go public and could raise up to $500 million in the initial public offering (IPO), Bloomberg reported. The U.S. IPO would boost the Frankfurt-based company’s “global profile,” according to Bloomberg, citing people “familiar with the matter.”.

TransferWise becomes ‘Wise’ as IPO nears

Payments Source

The London-based firm chose a new name as it prepares to go public this year. Remittances IPOs

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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!

Credit Unions Bring Digital Technology To Customer-Centric Strategy

PYMNTS

Credit unions have never strayed far from their original value proposition. By their very nature they’re built by the people and for the people, and have used that spirit to compete against larger banks. And during the pandemic, that “people helping people” spirit worked to their advantage.

Cannabis payments still face lots of legal hurdles

Payments Source

The lack of federal legalization creates processing challenges, but there are emerging solutions, says Fincann's Nathaniel Gurien. Payment processing Merchant Cannabis

Getting Bitpaid: Crypto Edges To Mainstream And Everyday Transactions

PYMNTS

The momentum and controversy around bitcoin continue unabated. Elon Musk invested $1.5 billion in it. Twitter is studying it for potential use.

What Your Loan Pipeline Data Is Telling You

Banker to Banker

If you’re a bank that keeps a loan pipeline report, chances are you have some excellent data that will form the basis of making your bank more efficient. Of the key performance indicators (KPI), tracking length of time to close, approval rates, fall out rates and lost rates are likely on the top of your list to manage to. In this article, we look at some typical rates, what they might mean for your bank and how to improve the ever-important throughput

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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.

Joor Adds Payment Options To Its B2B Fashion Platform

PYMNTS

Many business models have evolved and adapted during the pandemic, and virtual fashion buying platform Joor is one of them.

Market Commentary: Week of February 22, 2021

SWBC's LenderHub

Last Week: Last week was dominated by the surge in long-term interest rates and a steepening of the yield curve. The 10-year Treasury jumped 13 basis points, while the two-year remained firmly anchored.

Cruises May Be Ready For Comeback, Royal Caribbean Chief Says

PYMNTS

Royal Caribbean CEO Richard Fain said he has seen a number of signs that the cruise industry could recover from its pandemic-related economic strife, CNBC reported. Fain told CNBC that he has seen older people signing up for cruises more readily than the company had expected. “We

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Part 4: What changes can we expect in future?

Daily Fintech

Politicians and media are all over this story like a cheap suit. Much change will come from all of this. Here is my rating (high, medium, low) on 8 possible changes: Front running by buying order flow becomes illegal; high.

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.

New Data Shows Amazon Prime Continues To Outpace Walmart+

PYMNTS

Since it was first launched in September 2020, the exact intent and purpose behind Walmart+ has been a bit of a moving target.

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Stripe adds former Bank of England governor Mark Carney to its board

Payments Source

Former Bank of England and Bank of Canada governor Mark Carney joins Stripe's board as the second new director in two months. Fintech Stripe

Data Shows 28 Pct Of Americans Consider Relocation As WFH Gains Ground

PYMNTS

An unintended side effect of the pandemic has been that younger Americans have found it more freeing to work from home and move to areas of their liking, even those outside of big areas where their corporate offices are located, according to a report from NPD.

To be truly digital, account openings must be multichannel

Payments Source

Wherever they are, customers should be able to access their application and resume the process at a later time, says FICO's Therese Henry. Banking Customer experience

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.

Digital Banking Apps Play Chutes And Ladders In Latest Provider Ranking

PYMNTS

Automation, personalization and the promise of real-time (or at least near real-time) payments all add to the gravitational pull that banking apps exert on the psyche. It’s strong, because we’re attached to our money. We enjoy keeping it safe and turning it into more money.

US Banks Resilient Despite Pandemic

Banking Exchange

Research from the Federal Reserve noted profitability and capital positions improved in H2 2020 Financial Research The Economy Feature Fair Lending Feature3 Risk Management Covid19 PPP. 1Risk Management

J.P. Morgan Details The 6 Trends Shaping Corporate Treasurers’ Futures

PYMNTS

It's been nearly a year of roller coaster-style shifts in the global economy that have tested corporate treasurers' ability to remain agile, responsive and proactive. With finance leaders now settling into new routines, the way they operate doesn’t look like it used to — nor should it.

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Banking on Diversity initiative launched to target minority businesses

Banking Exchange

BCT-Bank of Charles Town is the latest institution to address inequalities and improve corporate diversity Community Banking Feature3 Feature Human Resources Management Financial Trends. 1Community Banking

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.