Wed.Mar 13, 2019

What does the #Brexit vote mean for banking and fintech?

Chris Skinner

Being British with a British accent, everyone asks me about what life will be like with Brexit … and my answer is that I have no idea. I can see that the country is divided, and we have real issues, but then don’t most countries?

Mastercard: The Why Of The Ethoca Buy

PYMNTS

In eCommerce, friction is a four-letter word. However, friction done right — for the right consumer, for the right transaction, at just the right moment — can actually enhance the consumer experience.

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Which camp are you in?

Chris Skinner

There are five camps out there. The first is the FinTech camp. This camp sit around the campfire and go “down with banks, down with banks”. They believe banks are out-dated legacy firms who have no idea about the modern age of technology.

Mobile Devices Take On SMB FinTech Functionality, Usability

PYMNTS

As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via desktop.

Things worth reading: 13th March 2019

Chris Skinner

Things we’re reading today include … For all their high hopes, the challenger banks have finished up on the ropes Why are Banks reluctant to Bank Crypto?

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NACHA Postpones Same-Day ACH Window Due To Fed Board

PYMNTS

NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative.

BI Ignite 2019: What Customer Experience Will Look Like 10 Years From Now

Bank Innovation

The customer experience in banking will change drastically over the next 10 years said panelists at the Bank Innovation Ignite 2019 in Seattle on Tuesday.

More Trending

The United States Of Artificial Intelligence Startups

CB Insights

Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B into US AI startups — more than 8x funding levels just 5 years ago ($1.1B in 2013).

China Tests Facial Recognition Subway Payment

PYMNTS

A subway operator in Shenzhen, China is testing facial recognition software, powered by a 5G network, to pay for entry, according to reports. The face would be linked to a payment account, although whether the technology will work for similar faces or twins is not known.

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55 US Companies That Became Unicorns In 2018

CB Insights

From gaming to healthcare to pizza delivery, US-based startups which reached unicorn status in 2018 represent a diverse range of industries. Silicon Valley produced plenty of $1B+ companies in 2018, but other parts of the country also had a strong showing.

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. Chase plans to open 90 new branches and hire 700 employees by the end of 2018.

4 Full-Stack Insurtech Startups To Watch

CB Insights

Full-stack insurance tech startups are shaking up the insurance landscape. Download the 39-page P&C INSURANCE report. Download the free report to learn about the biggest emerging trends in the P&C market and strategies to watch for 2019. Email.

UK Study Finds Broad FI Support For Open Banking

PYMNTS

Open banking is a bit more than a year old in the United Kingdom, and is viewed positively by a majority of financial institutions.

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2019 US Consumer Survey of Vehicle Vehicle Finance Perceptions: 5 Takeaways

FICO

NEW DATA: What Seven In 10 Consumers Want From Their Disbursements

PYMNTS

Whether its receiving loans from their financial institutions (FIs), getting rebates from merchants or receiving on-demand payments, consumers want more options in how they receive their disbursements.

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Managing Money as a New Couple

Hopewell Federal

Did you find “the one” and have decided to get married? Congratulations! Here’s a little financial advice to help your marriage start off on a good footing. Hopefully, you’ve already talked about your respective finances and how you usually handle your money. Does one of you pay your bills on time and the other often get late fees? See where you differ and where you agree. Find a compromise you can both agree upon.

Facebook, Instagram Experience Outages Around The World

PYMNTS

Facebook and Instagram have been suffering from worldwide outages today (March 13). According to USA Today , the problems began around noon (EST) on Facebook, Messenger and Instagram around the world. WhatsApp users also reported experiencing problems with sending photos.

Decred now listed on OKCoin marketplace

The Paypers

(The Paypers) Decred (DCR), a community-directed digital currency has announced its listing on the fiat-to-crypto marketplace OKCoin

eCommerce Co Jumia Files US IPO

PYMNTS

Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). Reports confirmed the news via U.S. Securities and Exchange Commission (SEC) documents, and by speaking with CEO Sacha Poignonnec.

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Social Assurance Announces CRA Management Software

Social Assurance

We’re excited to announce we’ve added a Community Reinvestment Act (CRA) solution to our suite of tools designed to help financial brands further connect with their communities.

Automate Or Stagnate: The Choice Accounts Payable Departments Face

PYMNTS

Inertia is a powerful, if unhelpful, force in business. A process doesn’t necessarily have to be good or useful to get a contingent of people attached — it just has to be around long enough for those people to get used to it.

First Data to acquire Software Express

The Paypers

(The Paypers) First Data has announced it will acquire Brazil-based solution provider Software Express , but the amount of the deal was not disclosed

The World Wide Web — 30 Years In

PYMNTS

While all sorts of outlets wished the internet a happy birthday yesterday (March 12) they were a little bit off in their well wishes. The internet did not turn 30 this week. The World Wide Web did.

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Ecommerce startup Jumia files for IPO

The Paypers

(The Paypers) Nigeria-based ecommerce startup Jumia has filed for an IPO on the New York Stock Exchange, according to TechCrunch

How eCommerce Platforms Are Enabling Craft Beer Discovery

PYMNTS

Entrepreneurs are creating platforms for beverage discovery after becoming inspired by personal experiences. When LocalBrews Founder Drew Harrilchak turned 21, he realized he didn’t know much about the beverage scene. There are so many different breweries out there, and I had no idea about any of them,” he said. At the same time, he met a couple of brewers and started to learn about them. Harrilchak said most of them had a great story about how they got into brewing.

IATA, PayCargo team up for air cargo payment platform

The Paypers

(The Paypers) The International Air Transport Association (IATA) has signed an agreement with PayCargo to launch a new payment and settlement system for the air cargo sector

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

PYMNTS

With fraud attempts continually on the rise around the world, financial institutions have their work cut out for them. They must remain fully compliant with regulatory standards and combat fast-learning fraudsters while maintaining a frictionless customer experience.

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PayPal to invest USD 750 mln into ecommerce company MercadoLibre

The Paypers

(The Paypers) PayPal has announced it will make a USD 750 million investment through the purchase of common stock in Argentina-based ecommerce company MercadoLibre

February Smartphone Shipments In China Plummet

PYMNTS

The decline in smartphone demand in China continued last month, with the market suffering its worst month in years as shipments fell in February. According to a report in CNBC , citing the China Academy of Information and Communications Technology, mobile phone shipments were 14.51

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PSD2 APIs now available on ING Developer Portal

The Paypers

(The Paypers) ING’s Developer Portal has added three new application programming interfaces (APIs) where developers can test their solutions

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New York Times Posts Blockchain Job

PYMNTS

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

Basware renews its global Partner Program

The Paypers

(The Paypers) Basware , the provider of networked source-to-pay solutions, e-invoicing and financing services, has renewed its Partner Program

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Naspers Earmarks $1B For Indian FinTech Investments

PYMNTS

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market.

Bluefin, Cardknox to provide P2PE via the Cardknox payment gateway

The Paypers

(The Paypers) Bluefin has partnered with Cardknox , for the Cardknox omnichannel payment gateway users to benefit from Bluefin’s PCI-validated P2PE solution

SBI Warns Users Of WhatsApp Scam To Access Bank Details

PYMNTS

State Bank of India (SBI), the country’s biggest lender, has issued a warning that account holders are being tricked into offering up personal banking details.

Onfido joins FIDO Alliance board of directors

The Paypers

(The Paypers) Global identity verification company Onfido has revealed that it has been appointed to the FIDO Alliance Board of Directors

Google Offline Voice Recognition App Debuts On Pixel

PYMNTS

Google ’s new voice recognition app , which works entirely offline, is now available to anyone with a Pixel.

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