Tue.May 14, 2019

Banking for Humanity?

Chris Skinner

I was asked to speak to the theme of Banking for Humanity at a conference the other day, and it made me realise that the five areas I’ve recently been blogging about came together nicely. First, there’s financial inclusion which is the theme of Digital Human.

Toast Launches Payroll Software For Restaurants


Restaurant management platform Toast has launched Toast Payroll & Team Management, a payroll and HR solution designed for the restaurant industry, the company said in a release. The new service makes payroll easier by automating it, and it also streamlines onboarding and reduces compliance risk.

Things worth reading: 15th May 2019

Chris Skinner

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You can’t manage what you don’t measure

Insights on Business

“I don’t have enough data,” is something that I have never heard from a client. The real challenge today is finding the right data. Fundamental to sales performance management (SPM) is what we call Sales Performance Measurement.

Japan’s Uniqlo Hacked; 460K Accounts Compromised


Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC.

A WhatsApp Rumor Challenges a Challenger Bank

Bank Innovation

It was only a matter of time before confidence in the financial system would be tested by false information on social media. Britain may be getting a glimpse of what could spark the next run on a bank.

Alexa Guard Enables Echo Speakers To Listen For Intruders


Amazon rolled out Alexa Guard in the U.S. on Tuesday (May 14), enabling Echo speakers to listen for intruders and other dangers and alert users to them. As reported by The Verge , Amazon had been testing Alexa Guard in an invite-only preview, and is now making it available to the masses.

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More Trending

PayPal Tests Incentives to Bolster Venmo Debit Card Adoption

Bank Innovation

PayPal is using cashback incentives to grow its Venmo debit card user base, an anchor that could help the company monetize Venmo over the longer term.

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Business Expense Card Company Pleo Raises $56M In Funding Round


Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch.

BankMobile’s White Label Strategy Takes Form with T-Mobile Partnership

Bank Innovation

Digital-only bank BankMobile is offering its technology and services to other companies to maximize reach, a 'white-label' strategy that offers access to millions more users.

Apple's Supreme Court defeat could signal significant changes in mobile app sales

Mobile Payments Today

Apple's defeat in a high-profile Supreme Court case could open competition in the mobile app consumer market

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Amadeus Teams With Elavon, Mastercard To Facilitate Flight Payments


Amadeus, the travel technology solutions company, announced on Tuesday (May 14) that it has teamed up with Elavon and Mastercard to facilitate payments for Thai Airways.

A ‘Dead Branch’ Contingency Plan for the New Digital Reality


What would financial institutions do if, in the next three years, 80% of servicing transactions and half of all new deposit/loan sales still being done in branches moved to digital channels?

Bitcoin Gets Second (Or Third, Or Fourth) Wind


Fundamentals? Or merely a blip? A 60 percent surge in a month – for anything, really, be it stock or bond or digital currency – is nothing to sneeze at, but it could be something to see with wonder. Or to make one wonder why.

A taller ladder: Secrets to thwarting ATM attacks

ATM Marketplace

As the ATM industry focuses on mitigating risks against black box and malware-based cyberattacks, criminals have reverted back to more low-tech attack methods to access cash — the latest being transaction reversal fraud

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JD.com Continues To Automate Logistics With $55M Stake


JD.Com, the Chinese Amazon-like online marketplace, has invested further into its logistics network with a 376 million yuan (about $55 million) investment in Jiangsu Xinning Modern Logistics for a 10 percent stake, according to a report by TechCrunch.

Join Perficient at #Kscope19

Perficient Financial Servies

Kscope19, ODTUG’s user conference known for providing a rich opportunity for networking and education on Oracle technologies, is about five weeks away, taking place June 23-27 in the Emerald City, better know as Seattle!

Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine


Prosecutors in Denmark have filed preliminary charges against another former executive of Danske Bank in relation to one of the biggest money-laundering scandals in the world, according to a report by Reuters.

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African Banker Awards 2019 Nominees


The winners of the 2019 African Banker Awards will be announced on June 11 at the Annual Meetings of the African Development Bank (AfDB) in Malabo, Equatorial Guinea. Multiple nominees this year include Absa, the Trade & Development Bank, Equity Bank, and Standard Bank while first-time nominees include Family Bank of Kenya who partnered with […]. The post African Banker Awards 2019 Nominees appeared first on Bankelele. ADB ideaexchange

Sweden’s Anyfin Notches €8M; Oman Arab Bank Debuts NFC Rewards


Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sweden -based Anyfin ’s €8 million extended Series A funding round.

Clouds Trend in 2019: DevOps as an Enabler

Perficient Financial Servies

The following blog comes from an interview with Perficient’s DevOps Consulting Director, Sean Wilbur, and is part of a series on cloud trends with experts from within Perficient. With cloud adoption soaring , businesses are being forced to find further advancements to stay ahead of the competition.

SoftBank Shares Slide Along With Ride-hailing Stocks


Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according to a report from Bloomberg.

AI for Electronic Receivables: Ready, set, match!


Artificial intelligence is changing the game for electronic receivables. In the last two decades, technology has revolutionized commercial banking products. First came online banking, with 24/7 access via secure web portals.

Carrier billing in Latin America - 2019 market report by Fortumo

Mobile Payments Today

Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America: Brazil, Mexico, Argentina, Colombia, Peru, Chile and Ecuador

It takes more than developers to make AI pay off


Banks need to foster greater knowledge and collaboration across all employee teams to put artificial intelligence to good use. Artificial intelligence Workforce management Workplace culture

Benefits of Deploying Financial Services Systems in the Cloud pt2

Perficient Financial Servies

As a firm migrates financial services applications to the cloud, systems integration becomes of paramount importance.

Bill would prevent Congress from using g-fees as budget tool


A bipartisan pair of senators has revived legislation that would prohibit Congress from using certain fees collected by Fannie Mae and Freddie Mac to offset unrelated government spending. Housing finance reform GSEs GSE reform Senate Banking Committee Fannie Mae Freddie Mac

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Health Home Program and Data: New Challenges for Care Plans

Perficient Financial Servies

The Affordable Care Act of 2010, Section 2703, introduced Health Home Program (HHP) for Medicaid recipients with chronic conditions. These conditions include, but are not limited to, hypertension, diabetes, obesity, serious mental illness and substance use disorder.

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Do You Have a ‘Dead Branch’ Contingency Plan for the Shift to Digital?


What would financial institutions do if, in the next three years, 80% of servicing transactions and half of all new deposit/loan sales still being done in branches moved to digital channels?

Data privacy, AI, regulation: Small-business lending is changing fast


The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills. Small business lending Fintech Data privacy Community banking Financial regulations SBA

SafeCharge, Mandarina Duck sign payments deal

The Paypers

(The Paypers) Mandarina Duck has selected SafeCharge to expand sales internationally with new online and mobile payments services

Crypto market's traders get something new: FDIC protection


The Wild West of cryptocurrency trading is getting something typically associated with the safest of savings accounts: FDIC protection. Cryptocurrencies FDIC


Amadeus, Elavon, Mastercard to facilitate payments for Thai Airways

The Paypers

(The Paypers) Amadeus , Elavon , and Mastercard have partnered to facilitate payments for Thai Airways with the new Amadeus B2B Wallet Partner Pay solution

Finding a FIX for electronic FINRA TRACE reporting as the CTCI cut-off looms

Bobs Guide

The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be

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Unintentional bias drives the gender gap in fintech

Payments Source

We must challenge ourselves with transparency by neutralizing gender-specific language in company job advertisements to reach a more diverse pool of candidates and drive responses, writes Nicole Baxby, an account director at Featurespace.

Fintech seeks to help customers avoid overdrafts — with assist from a big bank


Digit's savings app, relying on JPMorgan Chase's new real-time payments service, will offer customers an instant withdrawals feature that uses savings as a cushion against checking overdraws.

Visa, EBANX to boost digital payments usage in Brazil

The Paypers

(The Paypers) Visa and EBANX have partnered to encourage the use of electronic payments in Brazil, in places where the use of paper money still predominates