Wed.Dec 11, 2019

Traditional banks are suffocating … they just don’t know it yet

Chris Skinner

An interesting lunch discussion about data the other day.

OnDeck wants to become ‘mom and pop’ bank of the future

Bank Innovation

Small business lender OnDeck is making a pitch to Main Street. The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses.

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Things worth reading: 12th December 2019

Chris Skinner

Things we’re reading today include … This Is What Racism Sounds Like in the Banking Industry Bank of America CEO Brian Moynihan says confident consumers are spending 5.5%

How Chase is fighting screen scraping through API-based data access

Bank Innovation

JPMorgan Chase has entered into a data-sharing agreement with aggregator Envestnet Yodlee in an effort to enhance customer control over their account information.

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Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Revolution Payments Expands Service To Lower Biz Card Fees

PYMNTS

The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. In a press release Wednesday (Dec.

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More Trending

Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy.

Payment companies need to see mobile as the incumbent channel

Payments Source

The new decade will see Generation Z become adults, and they will expect more services and activities to be facilitated by their device of choice, says Zoomd's Omri Argaman. ISO and agent Generation Z Mobile payments E-Commerce Retailers

Visa, MFS Africa Team To Take Mobile Wallets Cross-Border

PYMNTS

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa.

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In retail's innovation frenzy, the sharing economy finds fertile ground

Payments Source

WeWork has gotten its share of bad news this year, but parts of its concept are filtering into small business retail, providing one clue of what the next wave of shopping and payments will look like. Retailers Point-of-sale Real-time payments Mobile payments Mobile wallets

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!

Mastercard Pilots Digital ID Verification Program In Australia

PYMNTS

Mastercard is launching a new digital resource that has the potential to instantly authenticate someone’s identity in a secure manner, the company said in a press release on Wednesday (Dec. The pilot will roll out in Australia with Australia Post and Deakin University.

No Elephant is an island- resources maketh the beast

Daily Fintech

No one can know all in an industry, and surely that thought applies to insurance and InsurTech. The Insurance Elephant knows the business is comprised of many parts that in aggregate lead to the insurance customer.

WAYV Offers Line Of Credit For Cannabis Firms

PYMNTS

Cannabis logistics startup WAYV has launched a payment solution for the cannabis supply chain, according to a report.

Fraud prevention doesn't work if it stops more than fraud

Payments Source

If your current program incurs a high number of false declines; blocks orders from specific countries or entire regions based on fraud; or blocks deliveries to specific countries or regions for fear of fraud, then that fraud prevention strategy is hindering your sales and growth.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Upcycling Dog Treats Into Sustainable Snacks With eCommerce

PYMNTS

To enable pet owners to feed their dogs snacks sourced from sustainable ingredients, innovators are upcycling products that might go to waste. Shameless Pets, in one case, offers an array of flavors from lobster to egg through its eCommerce website.

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Morning Brief 12.11.19: Walmart tests driverless delivery in Houston

Payments Source

Mastercard makes a 'green' deal; Apple Pay reaches more banks in Germany; and other information you need to start your day, from PaymentsSource and around the web. Briefing

The Architecture Of A Cross-Border B2B Payment

PYMNTS

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions.

Digital Payments Deliver in Money Moments of Need

Strategically Speaking

Most everyone would agree that technology has vastly changed the way we live our daily lives. With more than 203 million daily active users, Snapchat has taken over the way we communicate.

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.

Mobile Card Apps: The Future Isn’t Plastic

PYMNTS

It took 70 years for a majority of U.S. adults to possess a credit card , so the warp-speed adoption of mobile card apps has been a comparative blur.

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ACI expands features of Speedpay wallet

Payments Source

Payments and banking software provider ACI Worldwide says it has added improved communications and security tools to its ACI Speedpay bill payment service that businesses can offer to customers. Bill pay Mobile wallets ACI Worldwide

AI’s Place In The $50B RV Market

PYMNTS

Consumers are beginning to express more preferences regarding their buying and selling experiences on online marketplaces, which are seeing an increased amount of competition in the market as they attempt to hold onto their customer bases.

Gojek near $120 million deal for mobile payment startup

Payments Source

Indonesia’s ride-hailing giant Gojek is close to acquiring a mobile point-of-sale startup called Moka for at least $120 million, as it aims to become a leading player in the country’s digital payments industry, according to people familiar with the talks.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Will Contactless Move Credit Union Cards To Top Of Wallet?

PYMNTS

Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar commerce. Standing in line, juggling packages and wallets, counting cash at the register to make exact change.

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Three men are charged in $722 million cryptocurrency fraud

Payments Source

Three men were charged by U.S. prosecutors with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme.”. Cryptocurrencies Bitcoin

China Continues Facial Recognition Adoption With Airport Scanners

PYMNTS

Beijing Daxing International Airport has been incorporating facial recognition software more and more, and it’s being used to do everything from identifying passengers to purchasing items from the duty free store, according to a report by Bloomberg.

Here’s A 12-Month Strategy For Boosting Your Credit Score In 2020

BankBazaar

Have you struggled with a poor Credit Score in 2019? Here’s your chance to boost your Credit Score in 2020! Maintaining a good Credit Score requires financial discipline. Poor repayment habits such as missing payment deadlines and not paying in full can cost you dearly in the long run.

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.