Thu.Jun 06, 2019

SMEs are the FinTech’s bees knees

Chris Skinner

I write a lot about FinTech payments, lending, roboadvice and such like. But there’s been a strong bubbling trend underneath all this that has not gone unnoticed. I’ve just not blogged about it enough.

Latin America: An ecommerce economy on the rise

Mobile Payments Today

Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges

Things worth reading: 7th June 2019

Chris Skinner

Things we’re reading today include … Did Deutsche Bank sweep possible money laundering by Trump under the rug?

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Guaranty Bank uses account-switching tool to promote new branches

Bank Innovation

Guaranty Bank and Trust is using new technology to make it easier for potential new customers to switch bank accounts as it expands its branch network. The Mount Pleasant, Texas-based bank has added eight new locations over the past year in locations like Fort Worth and Dallas.

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The Key To Open Banking? More Bank Participation

PYMNTS

It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension when cultures clash. That promises to be the case going forward with Open Banking, as financial institutions (FIs) pick partners and proof of concepts.

Why Chase decided to drop digital-banking app Finn

Bank Innovation

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally.

Study: Hackers Can Steal Passwords By Listening To Typing

PYMNTS

In an academic study , researchers at Cambridge University and Linkoping University in Sweden were able to learn people’s passwords by getting a phone microphone to listen to the sound waves when they typed, according to a report by The Washington Post. “We

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More Trending

Square For Restaurants Integrates Delivery Services Into One POS

PYMNTS

Square is releasing new order management integrations for Square for Restaurants, which will allow orders from DoorDash, Postmates and management platform Chowly to flow directly into a restaurant’s point of sale (POS), according to a release by the company.

11 Lessons From Startup Chapter 11s

CB Insights

Although many entrepreneurs are keenly aware that the odds are stacked against them, few founders expect to find themselves explaining their actions in bankruptcy court — yet that’s the precise situation the founders of these 11 companies found themselves in when their ventures failed.

Retail Waste Backlash Provides eCommerce Opportunity

PYMNTS

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. And that seems likely to create new opportunities for certain types of online merchants. News this week (June 5) from France supports those points.

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Why Europe's ATMIA director wants to help the Bank of England promote cash

ATM Marketplace

Ron Delnevo, executive director Europe, ATMIA, hopes cash is maintained as a viable payment choice for everyone who wants to use it in the UK

 Breaking SCA’s ‘Chain Of Doubt’

PYMNTS

Call it the chain of doubt. When new regulations take effect, especially sweeping ones that impact eCommerce, at least some firms take a “wait-and-see” approach.

Sales Performance Management – Who benefits? #(977)

Insights on Business

Question: What types of organization could benefit from an automated sales performance management solution? Answer: More than you would d think. Industry. What industries are using automated solutions these days? Industries such as telecommunications, insurance, banking and pharmaceuticals were amongst the early adopters of this technology ten years ago, but since then the list has expanded significantly.

Is The US On The Verge Of A Contactless Surge?

PYMNTS

Near-field communication ( NFC ) technology isn’t exactly new. For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. However, the U.S.

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A Month After IPO, Here Are Beyond Meat’s Biggest — And Happiest — Investors

CB Insights

Plant-based burger company Beyond Meat went public on May 2 at a price of $25 per share — the top of its expected $23-$25 range. A month later, the company is going strong, with shares trading at upwards of $100. GET THE 38-PAGE 2019 TECH IPO PIPELINE REPORT.

How New Entrepreneurs Usher Open Banking Into SMB FinServ

PYMNTS

Bank branch closures have some analysts, and even the banks themselves, on high alert. Researchers found a 2.2 percent drop in the number of U.S.

Jumia – Africa’s Alibaba and its IPO roller coaster

Daily Fintech

Feels like a long time since I posted an article on Africa. Every time I research to write about the African Fintech segment, I invariably stumble upon a story that leaves me with one emotion – hope. The youngest continent of the world is all about hope.

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JPMorgan’s Finn, Digital Banking App For Younger Clients, Is Finis

PYMNTS

Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital means and specifically through a digital banking app — the firm is killing that particular nationwide project.

HR Tech Market Map: 145+ Startups Reinventing Human Resources

CB Insights

HR departments are increasingly implementing software to modernize their recruiting, talent, and administrative processes. As a result, the total addressable market for HR tech startups continues to grow.

Marcus Getting ‘No Credit,’ Says Goldman CEO

PYMNTS

Goldman Sachs CEO David Solomon said the firm’s digital Marcus business “getting absolutely no credit from anybody else in the investing community,” according to a report by CNBC. Solomon spoke at an awards ceremony put on by J.D.

The last will be first, and the first will be last:tension in the InsurTech entrant and incumbency environment

Daily Fintech

entrants and incumbents. Funny how things can change- one week riding the funding train, next week sitting in the startup exit car. Skinny jeans, Vans and untucked shirts change into a wardrobe that has a descriptor- business casual.

Why Pride Vendors Are Forgoing Cash For mPOS

PYMNTS

June brings colorful, high-energy LGBTQ Pride Month celebrations to cities across the nation. This year’s parades and festivals carry special significance as they mark the 50th anniversary of New York City’s Stonewall Riots.

PR Insight: Leveraging Awards To Grow Your Business

William Mills

Industry and community recognition provides a great opportunity to attract new members. The laborious process of applying for industry awards can prove stressful and painstakingly long for credit union marketers.

The eCase For Liberating $190B In Rental Security Deposits

PYMNTS

Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time — and some markets are developing real-time networks faster than others.

Healthcare Business Model Spotlight: 23andMe

CB Insights

23andMe is a direct-to-consumer (D2C) genetics company that sells DNA testing kits for ancestry and health insights. It differs from traditional ancestry companies (e.g.

How An Integrated AP Management Approach Can Boost The Bottom Line

PYMNTS

Technology and automation have made inroads into several areas of everyday life — witness the rise of digital assistants and autonomous vehicles. However, in the business realm, some everyday functions remain untouched by tech that can save money and, especially, time.

Jumioâ??s Pointer: Regulators will kill poor authentication

Bobs Guide

Regulatory intervention will spell the doom of static passwords and poor authentication, and death kneel will sound from the UK, according to Philipp Pointer. Speaking on the sidelines at Money 20/20 in Amsterdam this week, Pointer said the only reason outdated security methods exist is because

Snap Lets Select Accounts Operate In-App Stores

PYMNTS

Snap , the maker of the disappearing messaging app Snapchat, is rolling out new tools to enable select accounts to operate a store within Snapchat.

Where did JPMorgan Chase's Finn experiment go wrong?

BankThink

The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said. Digital Banking 2019 Mobile banking Digital banking Disruptors Fintech JPMorgan Chase Wells Fargo MUFG Citizens Bank

Security Experts Warn About New Scam That Bypasses 2FA

PYMNTS

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). The attack was demonstrated for the first time at the Hack in the Box Security Conference in Amsterdam last month, according to Fortune.

What’s the Future of ERP software in a Fintech Niche?

Dataconomy

Today, customers globally want to buy bespoke goods, made within the time and delivered at the right place. The production of the future will be focused on the personalized market which will respond to the demand changes. How would this tendency affect the future of ERP software?

Alexa’s Future As a Built-In Roommate

PYMNTS

After a certain age, most consumers are no longer really in the market for a roommate — unless of course they happen to be married to them.

Hospitals Are Rethinking Their Business Models With The Shift To Value-Based Care

CB Insights

For half a decade, healthcare services have increasingly shifted away from fee-for-service to value-based care. In this model, healthcare providers are incentivized to provide the highest quality care at the lowest possible cost. This is in contrast to the fee-for-service model, where providers are paid in proportion to the number of services performed. Mentions of value-based care on earnings call began to rise in 2016, and the topic has since remained popular. Want the full post?

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Facebook Preps GlobalCoin Launch

PYMNTS

Facebook is set to announce its cryptocurrency later this month, and will reportedly even allow the project’s employees to get paid in the new currency.

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Higher returns or deposit insurance? Fintech bets on answer

BankThink

Boston-based Trio is openly offering its cash management account as capital at risk, offering big incentives if consumers agree to sign up for an uninsured account. Millennials Digital banking Savings accounts Investment accounts Fintech Fintech regulations FDIC

Walmart CEO Pushes To Raise Minimum Wage

PYMNTS

In a somewhat surprising turn of events at Walmart’s annual investor meeting, CEO Doug McMillon voiced his opinion that the time has come for Congress to raise the minimum wage beyond $7.25 an hour.

Investing Intelligently: Applications of AI, ML & Big Data in Investment Management

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