Sun.Apr 04, 2021

Facebook Hack Revealed; Data On 533 Million Users Breached

PYMNTS

The personal data of 533 million Facebook users, including phone numbers and emails, has been leaked, The Verge reported. The leak included “personal information of over 533 million Facebook users from 106 countries, including over 32 million records on users in the U.S.,

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How FIS helped expand food assistance programs

Payments Source

Digital payments Coronavirus

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FinTech Competition Pressures Brazil’s Biggest Banks

PYMNTS

Brazil’s big banks, long known for high rates despite occasional public outcries, are racing to modernize amid challenges posed by low interest rates, the pandemic’s fallout and new digital rivals, the Financial Times (FT) reported.

Card fraud has gotten more brazen during the pandemic

Payments Source

Risk Payment fraud Merchant

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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.

Five Banks To Test FedNow Real-Time Payments System

PYMNTS

The Federal Reserve ’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal.

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More Trending

Bitcoin Daily: Former SEC Chairman Warns Of New Bitcoin Regulations; Thai Central Bank To Pilot CBDC In 2022

PYMNTS

Former SEC chair Jay Clayton has warned of new bitcoin regulations possibly coming soon, CoinDesk reports. He said that while the crypto is currently considered a non-security at the SEC, that doesn't mean it should go without regulations.

Extinction Rebellion to step up campaign against banking system

TheGuardian

Group aims to highlight financial sector’s role in climate crisis through escalation in tactics this week Extinction Rebellion is planning to step up its campaign against the banking system with a series of direct action protests and debt strikes in the coming weeks aimed at highlighting the financial sector’s role in the escalating climate crisis.

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UK’s Law Enforcement Expects Uptick In Crypto Fraud

PYMNTS

England and Wales' chief criminal investigations agency, the Crown Prosecution Service, is preparing for an increase of prosecutions tied to cryptocurrency-related scams, the Financial Times reports.

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6 things banks, community groups want in next phase of CRA reform

American Banker

FDIC Federal Reserve OCC CRA Regulatory reform

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!

Preference For Contactless Payments Tanks China’s ATM Usage

PYMNTS

China’s government-backed push toward the use of the digital yuan and consumer behavior changes resulting from the pandemic led to a decrease in the number of ATMs in the country in 2020 compared with 2019, the Hindustan Times reported.

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Tattoos, Pride parades, 'Beer Thirty': Welcome to Kasasa

American Banker

Work-life balance Employee engagement Employee communications Best Fintechs to Work For Kasasa

Japan’s BNPL Entry Paidy Raises $120 Million

PYMNTS

Paidy , a Japanese buy now, pay later (BNPL) provider, has completed a Series D funding round and come away with $120 million, according to a press release.

Hidden factor behind the UK’s housing crisis | Letter

TheGuardian

Nick Brook on how schemes such as help to buy are creating problems by increasing house prices Your article on six ways to fix the housing crisis (1 April) contains no mention of one of the most overlooked but important issues – house price inflation caused by schemes such as help to buy and the government’s money-creation policy.

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.

Penta Rolls Out New Initiative For SMB Onboarding

PYMNTS

A co-founder of Penta , the German-based virtual bank, is now rolling out Relio, an initiative focused on serving small to midsize businesses (SMBs), according to a report from Crowdfund Insider.

Customer Experience in Banking Has Been Redefined

The Financial Brand

Jay Baer says a constantly changing environment provides financial institutions an opportunity to improve customer experiences. The post Customer Experience in Banking Has Been Redefined appeared first on The Financial Brand.

Ant Listing Pull Sends 76 Chinese Tech IPOs To The Exits

PYMNTS

Chinese tech companies apparently reacting to increased regulatory scrutiny tied to the delay of Ant Group 's planned $37 billion IPO are dropping their own plans to go public in droves, the Financial Times reports.

Why Most Banks Fail at Innovation (And Why TD Bank Doesn’t)

The Financial Brand

Former Amazon exec John Thomas, EVP/Global Innovation at TD Bank, says most financial institutions approach innovation backwards. The post Why Most Banks Fail at Innovation (And Why TD Bank Doesn’t) appeared first on The Financial Brand. Featured Content Innovation Strategies TD Bank

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.

Ingram Micro Buys Harmony To Boost Presence In SMB Segment

PYMNTS

CloudBlue , which is owned by Ingram Micro , announced its acquisition of Harmony Business Systems in a press release. Unofficial word of a likely deal has circulated for months.

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Consumers Are Less Happy with Digital-Only Banks (Here’s Why)

The Financial Brand

Satisfaction with direct banks takes a surprising hit during the pandemic 'stress test.' The two main causes relate to all institutions. The post Consumers Are Less Happy with Digital-Only Banks (Here’s Why) appeared first on The Financial Brand.

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Fiat Unveils ‘Hey Google’ Line Of Connected Cars

PYMNTS

Fiat has unveiled a version of its popular 500 level cars equipped with Google technology and sporting Google trim elements, according to a press release.

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How Fintechs Fight, Rent and Buy Their Way Into Banking

The Financial Brand

When neobanks and fintechs feel like they need to operate under their own national bank charter, they will get it — one way or another. The post How Fintechs Fight, Rent and Buy Their Way Into Banking appeared first on The Financial Brand.

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.

WEX Completes Purchase Of Some HealthcareBank HSA Assets

PYMNTS

WEX Inc. has completed its previously announced acquisition of some health savings account (HSA) assets from HealthcareBank , which is the custodian bank for Wex's Health Division clients, WEX recently announced.

Vizient Acquires Intalere, Consolidates Supply Chain Power

PYMNTS

Vizient has completed the purchase of Intalere from its parent company Intermountain Healthcare , which gives Vizient more power in the healthcare supply chain, according to a press release. It will also help Vizient reach more people.