Sun.Jan 12, 2020

Mastercard turns to AR to visualize loyalty benefits

Bank Innovation

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At

China and India in 2020: Watch and Learn

Chris Skinner

I often written about how the developing world is leap-frogging the developed world. The reason is that the developing world had no infrastructure in place whilst the developed world implemented their infrastructure in the last century. The developed world has become a legacy world.

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Challenger bank hype will result in better products, says Edison Partners

Bank Innovation

The rush to be the best bank-type platform has created a crowded market, both in the business-to-business and direct-to-consumer fintech sectors. Investors are placing their bets on tools that will gain wide adoption, creating a high bar for founders and product developers.

Things worth reading: 13th January 2020

Chris Skinner

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Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Wirecard partners with Sprint to drive cashierless checkout

Bank Innovation

As cashierless shopping continues to gain momentum with Amazon Go and its competitors, German payments company Wirecard is partnering with Sprint to develop a similar experience for its clients.

More Trending

Visa Tap To Phone Expands POS Acceptance For Retailers

PYMNTS

The mPOS landscape got more interesting today (Jan. 12), as Samsung has unveiled its Galaxy XCover Pro, an enterprise-grade smartphone that comes pre-installed with Visa’s Tap to Phone app.

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What could kill Bitcoin?

Daily Fintech

Defining what life is has always been a challenge. Scientists and philosophers have come up with many definitions to differentiate the living from the non-living. Are viruses alive? DNA molecules? Computer viruses?

Wells Growth Hampered By Outdated Systems, Tech Failures

PYMNTS

Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan.

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As final EMV deadline nears, gas stations get inventive

Payments Source

After getting a reprieve from a 2017 deadline, gas stations now have less than a year to upgrade to EMV security at the pump — and the card brands aren't showing signs that they will be willing to postpone this mandate another time.

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!

Colombian Regulators Order Uber To Shut Down

PYMNTS

Uber will cease operating in Colombia at the end of the month, the company said in a statement. The decision — the latest blow to the rideshare company — comes after protests from Colombian taxi drivers that Uber was breaking the rules of the country’s taxi market.

11 bankers and disruptors to watch in 2020

American Banker

Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov.

Google To Tighten Android Security For Password, Payment Autofills

PYMNTS

Looking to tighten up security, Google is exploring adding biometric scans for password and payments to its Android Autofill options. The move, according to Android Central , will attempt to address concerns that Google’s password protection has often been less secure than it could be.

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Payment tech is just as much part of the back office as the front line

Payments Source

By linking your POS to inventory management software, you can easily keep an eye on the amount of product you have and note when it’s time to restock or purchase from your distributors, says Bank of America Merchant Services' Sydney Ivey. Retailers Point-of-sale ISO and agent Payment processing

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Security Group Warns Iranian Hackers Could Target US Electric Utilities

PYMNTS

Iranian hacking groups are targeting U.S. electric systems , and intelligence officials worry that escalating tensions between the two countries could only make things worse in the future.

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Banks try pooling resources to help defray AML costs

American Banker

A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead. Community banking AML Mutual banks North Carolina Ohio

Casper Warns Social Media Celebs Could Pose Investment Risk

PYMNTS

mattress-in-a-box company Casper has underscored the increasing power of social media influencers to propel or hinder brands. The firm, moreover, cited its own digital advocates as a potential risk factor to its initial public offering (IPO).

The Future of Banking Has Arrived

The Financial Brand

The future of banking already exists in China where customer insights, technology and experiences intersect. The post The Future of Banking Has Arrived appeared first on The Financial Brand.

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.

Goldman Launches Mobile App For Marcus — Three Years Later

PYMNTS

Goldman Sachs Group introduced its long-awaited app last week, according to Reuters. It will integrate with the financial giant’s digital bank Marcus. Loyal customers wishing to use smartphones for financial transactions have been frustrated by the company’s lack of an app until now.

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How Personalization Strategies Can Backfire on Financial Marketers

The Financial Brand

No strategy, poor execution and even 'algorithmic hacking' can doom banking efforts to personalize marketing via artificial intelligence. The post How Personalization Strategies Can Backfire on Financial Marketers appeared first on The Financial Brand. Featured Content Segmentation Strategies

Convenience Stores Elevate Their Food And Bev Offerings

PYMNTS

America’s eating habits are seeing a shift towards gas stations and convenience stores, as many peoples’ favorite eateries include chains like Wawa , Sheetz and Kwik Trip now.

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Banks & Credit Unions Facing Mortgage Headwinds With Millennials

The Financial Brand

Younger adults are growing desperate for houses. The math challenges many lenders, but can they afford to hand this huge market to fintechs? The post Banks & Credit Unions Facing Mortgage Headwinds With Millennials appeared first on The Financial Brand. Featured Content Lending Strategies Segmentation Strategies

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Hong Kong’s First Neobank Lures Consumers With High Deposit Rates

PYMNTS

The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard Chartered, according to Bloomberg.

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How Personalization Strategies Can Backfire on Financial Marketers

The Financial Brand

No strategy, poor execution and even algorithmic hacking can doom banking efforts to personalize marketing via artificial intelligence. The post How Personalization Strategies Can Backfire on Financial Marketers appeared first on The Financial Brand. Featured Content Segmentation Strategies

Standard Chartered Backs China’s Linklogis

PYMNTS

British bank Standard Chartered is investing an undisclosed amount in China’s supply chain platform Linklogis , earning an equity stake, and further enhancing its ongoing partnership, Standard Chartered announced. Corporate clients globally are increasingly looking for efficient and secure digital platforms to meet their supply chain financing needs.

Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Two co-founders of Google Pay in India have raised $13.2 million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Also participating in the funding rounds were David Velez, Kunal Shah and VC fund Hillhouse Capital. Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.