Wed.Apr 28, 2021

Congratulations, you bought a bank. Now what?

Accenture

The headlines are crowded with stories about bank mergers and acquisitions among middle market banks. This doesn’t surprise me. While M&A slowed down during the height of the pandemic, it’s ramping up fast now as a mechanism to spur growth and recovery.

Facebook Marketplace Boasts 1B Active Users In Q1; Instagram, WhatsApp Expand eCommerce

PYMNTS

Facebook managed to come out ahead of analyst predictions for both earnings and revenue performance when it reported its first-quarter results for 2021 on Wednesday (April 28), pushing its stock price upwards in after-hours trading even as it warned investors to brace for the uncertainty ahead.

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How banks can resist commoditization in a digital world

Accenture

In this series we’ve looked at a range of important subjects for banks looking to grow and gain competitive advantage in 2021. All are connected to Accenture’s latest Global Banking Consumer Study. But in every post we have encountered, in one way or another, the same challenges and questions.

Study 249

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

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.

Nacha's emerging rules require an accelerated compliance strategy

Payments Source

Risk PCI DSS NACHA Payment processing

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Facebook's vision for VR hinges on easier payments

Payments Source

Digital payments Earnings Facebook

Smart Payments Association Says 2021 Is Pivotal Year For Wearable Payments Tech

PYMNTS

Wearables passed the novelty phase some time ago and are now following the money, literally, as COVID-19 keeps forcing the issue of touchless payments, and consumers continue driving demand for ever-cooler form factors to pay (and just do stuff) without physical contact.

Stablecoin News for the week ending Wednesday 28th April.

Daily Fintech

Will we ever see smart money? Here is our pick of the 3 most important Stablecoin news stories during the week. It seems to me to be a waste of time and effort to build a new form of money that is basically the same as we have today, especially as the technology enables us to […].

Visa Teams With Airbnb To Facilitate Faster Host Payments

PYMNTS

Visa and Airbnb are teaming up to help hosts improve their cash flow with the ability to get paid and move funds into their bank account faster. .

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!

Intelligent automation can shed latency from business pay

Payments Source

Artificial intelligence Digital payments B-to-B payments Payment processing

Is The Mall Recovery Real, Or An Illusion Of The Optimistic

PYMNTS

Does the end of the pandemic mean that American malls may be on the verge of renaissance as once homebound consumers find themselves eager to get out and spend again in the real world?

Tools 182

Advances in Location Intelligence propel Property and Parametric Insurance

Daily Fintech

In property insurance, precision in assessing risks is a prerequisite for pricing policies competitively and curtailing excessive claim pay-outs. With better location intelligence, carriers mitigate risks, accelerate claim procedures, improve fraud detection and expand their customer base.

Walmart Expands ‘Early Payment Program’ To Focus On Supplier Diversity

PYMNTS

Walmart said on Wednesday (April 28) that it is launching “an expanded early payment program” with an eye toward “supporting the long-term growth and success of diverse and minority-owned businesses.”.

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.

Petal offers alt-data underwriting tech to banks. Do they want it?

Payments Source

Fintech Alternative lending

Data 83

Enjoy Technology Going Public Via Marquee Raine SPAC Merger

PYMNTS

Silicon Valley startup Enjoy Technology, a personal commerce platform for technology purchases, is merging with the special-purpose acquisition company (SPAC) Marquee Raine Acquisition in a move to file for a public offering.

How digital integrity and transformation empower retail banks against emerging competitors

Bobsguide

Retail banks have found themselves at the centre of the digital disruption shaking financial services. As well as direct competition from challenger and neobanks entering the sector, they also have to contend with the likes of Facebook, Amazon and Google and their peers looking to expand their

Google 119

Walmart Expands Its InHome Grocery Delivery Service

PYMNTS

Walmart is expanding its InHome service , which delivers groceries into customers' refrigerators while they’re away.

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.

CFPB Delays Mandatory Compliance Date of New General Qualified Mortgage Rule

CFPB Monitor

The CFPB recently issued a final rule delaying the mandatory compliance date for the new general qualified mortgage (QM) rule based on an annual percentage rate (APR) limit from July 1, 2021 to October 1, 2022. The final rule is effective on June 30, 2021.

Apple's Subscriptions Surge By 40M As Services Revenues Grow 27 Pct

PYMNTS

Apple posted strong results Wednesday (April 28) for its fiscal second quarter that showed continued demand for its hardware — boosted by pivots toward working from home and schooling from home amid the pandemic — and demand for its service and subscription offerings.

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Silicon Valley Bank Holds Firm on Boston Bid

Banking Exchange

SVB Financial won’t pay more for Boston Private despite opposition from one vocal investor Management Feature M&A Feature3. 1Management

Axele, Apex Capital Team On Carrier Accounting

PYMNTS

Transportation management system (TMS) company Axele will be doing a new strategic partnership with Apex Capital , integrating its TMS with Apex’s freight factoring solution, a press release said Wednesday (April 28).

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.

New York Community Bancorp to Acquire Flagstar for $2.6B

Banking Exchange

NYCB is to acquire Flagstar in an all-stock merger scheduled to complete later this year Management Feature M&A Feature3. 1Management

Property Management Software Maker Guesty Notches $50 Million, Acquires Your Porter

PYMNTS

Property management software firm Guesty has finished a funding round for $50 million, a company blog says. That brings the total amount of funding to $110 million.

Crypto Bank Gets OCC Approval, ABA Objects

Banking Exchange

The OCC has conditionally approved Paxos National Trust for a banking charter Compliance Duties Compliance Management Compliance/Regulatory Community Banking Feature3 Feature. 1Compliance

Deep Dive: Why Seamless B2C Payments Are Crucial To Long-Term Subscription Loyalty

PYMNTS

Subscription services are getting a boost as consumers seek out ways to experience new products and services as they hunker down at home to stay safe and reduce exposure risks during the pandemic. PYMNTS’ Subscription Commerce Conversion Index found that nearly three-quarters of U.S.

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.