Thu.May 21, 2020

Coronavirus must lead to a more inclusive society, says Jamie Dimon

Chris Skinner

If you didn’t spot it the other day, there was a headline that caught my eye: Jamie Dimon says coronavirus crisis is ‘wake-up call’ for a more inclusive economy I smiled and seethed, as it was covered widely with the words above combined with says the billionaire.

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PPP Forgiveness Timeline: What Lenders Need to Know

Abrigo

Key Takeaways The PPP forgiveness process is a major concern among community financial institutions, and many worry about having the resources to handle it.

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Things worth reading: 22nd May 2020

Chris Skinner

Things we’re reading today include … Tracking the economic recovery What would negative interest rates mean for mortgages and savings?

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Next-gen central banking | Pillar 1: Harness the power of data

Accenture

Our first post identified five areas central banks should focus on to become the digital regulators of tomorrow. Let’s take a closer look at the first pillar.

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!

Democrats’ $3T Stimulus Bill Would Quietly Grant Cannabis Firms Access To US Banking System

PYMNTS

The U.S. government stimulus program has sought – with urgency – to help keep smaller firms across the country hanging on until reopening becomes feasible.

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More Trending

Remote workplaces become coronavirus cybercrime havens

Payments Source

Fraudsters are licking their chops at the prospect of businesses and financial services extending remote working because of the coronavirus pandemic. Ransomware Fraud detection Phishing Verizon Malware Cyber attacks Coronavirus

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Improving Conversions While Navigating The Great Digital Shift

PYMNTS

When the pandemic is over, there will be thousands of books written about the ways the coronavirus changed daily life, globally. Among those will be – or should be – a tome on how the great shift to digital commerce drove merchants to connect to multiple services.

Google 192

XBRL: SIX launches b.link, xBRL-JSON and the UK regulatory roadmap

Daily Fintech

Here is our pick of the 3 most important XBRL news stories this week. 1 SIX Group launches b.link. With the b.Link platform, SIX is creating the basis for innovative partnerships between financial institutions and third-party providers.

Tools 106

Banks Brace For Forbearance Program Expiry Dates

PYMNTS

The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the $150 billion in loans currently on ice, according to a Bloomberg report on Wednesday (May 20).

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.

5 ways coronavirus clobbered access to credit

Payments Source

Unlike past economic recessions where businesses and consumers have had to adjust their payment habits and debt levels over the course of months or quarters as the economy shrank, the coronavirus-induced economic crisis has forced many to make much more abrupt financial adjustments.

IntraEdge Rolls Out Temperature-Checking Kiosks For Businesses

PYMNTS

To help businesses safely resume their operations, IntraEdge has rolled out its Janus “privacy-first” self-check temperature kiosks, according to an announcement.

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Security Tokens: don’t fight the regulator if you want to be regulated

Daily Fintech

The idea of Security Tokens was to combine all the efficiency and low cost of ICOs with legal and regulated offerings. The reality is that not much is really happening currently in Security Tokens – as our News Quality Assessment (NQA) data shows.

Democrats Want Probe Of Possible Uber-Grubhub Merger

PYMNTS

Amy Klobuchar (D-Min.) wants officials to look into potential antitrust violations involving Uber’s possible acquisition of Grubhub as the two companies remain in discussion.

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.

FinTech Fundamentals: Cybersecurity in Banking Has Never Been More Important

Strategically Speaking

“Cybercrime is the greatest threat to every company in the world.” - Ginni Rometty, IBM Chairman, President & CEO. Clients trust their financial institutions (FIs) to protect their personal and financial information.

Netflix To Automatically Cancel Inactive Accounts To Save People Money

PYMNTS

Those who haven’t used their Netflix accounts in a year will see an email this week asking if they still want to subscribe, and those who don’t reply will likely find their accounts canceled, according to the streaming giant.

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Even in the best times, fintechs can fall into traps

Payments Source

Ignoring those that came before you, understanding the importance of scope and capacity, and rushing to be the next big thing can help payment startups in good and bad economies, says Leaseweb's Global's Stephane Ngali. Fintech Risk Mobile payments Digital payments

How Walmart Is Preparing For Consumers’ Long-Term Shift To Digital 

PYMNTS

That consumers have relocated their lives online in response to the pandemic is an easily visible fact when you look at earnings reports that successful retailers are releasing.

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.

Banks reengineer instant debit card issuance amid pandemic

Payments Source

Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs. Digital banking Card fraud First Midwest Bank Fiserv Coronavirus

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Why Smart Retailers Wish Their Customers Many Happy Returns

PYMNTS

Any doubt about the seismic scale of the digital shift was put to rest this week as Walmart (up 75 percent) and Target (up 141 percent) reported earnings that showed clear spikes in eCommerce as a result of the pandemic.

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Propelling Payments into the Future

SWBC's LenderHub

Since March, social distancing practices enacted to help slow spread of the coronavirus have plunged us all into a “new normal” of staying at home, self-servicing, shopping online, and curb-side grocery pickup.

Senate Bill Would Double Time For PPP Loans

PYMNTS

The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program (PPP) loans, according to a Reuters report.

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!

Mastercard, Judopay enable online U.K. pharmacy payments

Payments Source

Mastercard and Judopay have teamed up to enable mobile payments through The Pharmacy Centre. Online payments Mobile payments U.K. Mastercard

H1 Insights: Improving Patient Outcomes By Changing How Doctors, Pharma and Patients Find Each Other

PYMNTS

In healthcare, increasingly, data is critical for addressing inefficiencies in a system that is nearly 18 percent of U.S.

Coronavirus scams are proliferating. Smart tech can stop them.

Payments Source

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic. Artificial intelligence Fintech Fraud detection AML Fraud Machine learning Fraud prevention Coronavirus

Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes.

Data-Driven Marketing 101

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