Mon.Apr 05, 2021

Remittances Sent To Mexico Set February Record; Top $3.2 Billion

PYMNTS

Remittances sent to Mexico saw their biggest increase in February since records started being collected in 1995, Reuters reported. Remittances are a major source of the country’s economy for support for low-income families, according to Reuters.

Trends 241

BofA acquisition makes its health care payments business more nimble

Payments Source

Bank of America Healthcare industry M&A Payment processing

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Trending Sources

Bitcoin Daily: Crypto Market Cap Hits $2 Trillion; MicroStrategy Buys Additional Bitcoin For $15 Million

PYMNTS

The cryptocurrency market capitalization has hit a new peak of $2 trillion as of Monday (April 5), with numbers from CoinGecko and Blockfolio reporting strong gains as institutional and retail investors pile on, Reuters reported. The crypto market was sitting at $2.02 trillion as of Monday afternoon.

Why card issuers cling to legacy tech despite a demand for modernization

Payments Source

Fintech Credit cards

Cards 116

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.

Mastercard: eCommerce Spend Up $900 Billion In 2020

PYMNTS

eCommerce spending increased by $900 billion in 2020, according to Mastercard ’s newest Recovery Insights report, Recovery Insights: Commerce E-volution, published today (April 6).

More Trending

NuData: Passive Biometrics Help Battle SIM Swap Fraud

PYMNTS

At first glance, it seems so retro. Subscriber Identity Module cards, better known as SIM, used to be an easily removable portable memory chip that acted as the brain of a mobile device.

Fraud 219

Market Commentary: Week of April 5, 2021

SWBC's LenderHub

Last Week: Last week, U.S. economic news came up a royal flush!

Boston Fed's Cunha Looks Toward Practical Side Of Crypto

PYMNTS

To put it mildly, these are heady times for the Federal Reserve. It’s managing the specter of inflation hovering over unprecedented government spending to manage an economy that has been disrupted by a global pandemic.

Boston 205

Citi hires Fincen’s Blanco as financial crimes compliance chief

Payments Source

Compliance Financial crimes Citigroup Recruiting

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!

Jumio CEO: Helping FIs Solve Digital Identity’s ‘Last Mile’ Problem

PYMNTS

As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity theft is widespread — and to get a sense of scale, the Federal Trade Commission (FTC) has estimated that last year, nearly 1.4

4-part series on Digital Identity. Part 1 = regulators say “stop those bad guys”

Daily Fintech

Are you really sure I am not a dog? Maybe I am a really smart dog with an AI implant pretending to be a human. Disclosure, Daily Fintech is written by a stealth mode AI venture as a proof of concept. Seriously folks, you cannot know my Identity. To read this post you don’t care. […].

PSCU CFO: Step-By-Step Modernization Sets Stage For Agility

PYMNTS

Back offices can’t change overnight, but when the pandemic hit, some organizations no longer had a choice. For some businesses, years of digitization procrastination created even more challenges within a work-from-home environment and volatile market.

BofA acquires health care tech startup Axia in payments push

Payments Source

Bank of America Payments M&A

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.

UBS: 80,000 US Retailers Could Close By 2026

PYMNTS

A new UBS report says as many as 80,000 U.S. retail stores, or about 9 percent of the country's total, could close by 2026, CNBC reports. The pace of store closures is down from its 2019 peak, but the report says the country might still have too much retail per capita.

Retail 176

Fintechs and the Government Teamed Up for COVID: Will It Last?

Banking Exchange

Fintechs stepped up to the plate in giving Americans faster access to stimulus checks without fees Payments Duties Retail Banking Technology Feature3 Fintech Feature PPP Covid19 The Economy. 1Payments

CFPB Proposes New Protections For Struggling Mortgage Holders

PYMNTS

Under a new set of Consumer Financial Protection Bureau (CFPB) rule changes, avoidable foreclosures would be able to be prevented, according to a press release.

Gas EMV is a daunting task, but a triage approach is possible

Payments Source

Risk Payment processing Merchant EMV

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.

Google Health Searches For An Identity

PYMNTS

Remember the old days, when the first thing you did when you had a medical issue was to call your local doctor?

Google 172

Plaid is said close to financing at about $13 billion valuation

Payments Source

Fintech Venture funding Venture capital

Sterling, Rho Team On Corporate Banking Solution

PYMNTS

Sterling National Bank will be debuting a banking-as-a-service feature with Rho Technologies , which is a digital platform providing companies with a suite of commercial banking and finance solutions, a press release said on Monday (April 5).

Data 170

CFPB tries to stave off COVID-19 foreclosure surge

American Banker

COVID-19 Servicing Foreclosures CFPB

63

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.

Subprime Auto Loan Delinquencies May Point To Bumpy Road For Lenders

PYMNTS

It tends to be a truism that in managing daily financial life, success comes down to a matter of triaging. We tackle the most pressing, most essential expenses first. Think shelter — rent or mortgage payments, depending on your living situation. Then: transportation.

Study 164

Analysis finds security flaws in 94 popular banking apps

BankInovation

A security analysis of 107 banking apps released last week has found security flaws in 88 percent of the apps — some of which might be avoided through automation.

AU10TIX Partners With Microsoft On Identity Verification Tool

PYMNTS

AU10TIX announced Monday (April 5) in a press release that it has partnered with Microsoft for the launch of Microsoft Azure Active Directory (Azure AD) verifiable credentials.

Tools 153

GAO report shows servicemembers can effectuate USERRA and SCRA rights in arbitration, and arbitration clauses do not prevent servicemembers from pursuing many claims administratively, without class actions

CFPB Monitor

Consumer advocates often contend that Congress should prohibit arbitration agreements with class action waivers because servicemembers and other consumers need class actions to effectuate their statutory rights.

Study 78

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.