Sun.Oct 13, 2019

Why dumb old banks can’t compete

Chris Skinner

Now that’s a contentious title for a blog, but purposefully so. Old banks can compete in the new world if they’re smart … it’s just that so many of them are dumb. Dumb with data, as I’ve blogged before. To illustrate this, I have three examples.

Brazil FinTech Nubank Expands User Base

PYMNTS

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct.

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The Finanser’s Week: 7th October – 13th October 2019

Chris Skinner

The main blog headlines are … What does “innovation” mean in finance? I recently was invited to be the keynote at some innovation awards in Ireland. It got me thinking about what innovation means in finance, so here are the notes from my speech.

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Revolut Taps JPMC To Raise $1.5B For Global Expansion

PYMNTS

FinTech company Revolut wants to raise as much as $1.5 billion so that it can expand globally.

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Things worth reading: 14th October 2019

Chris Skinner

More Trending

SoftBank To Seize Control Of WeWork

PYMNTS

The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported on Sunday (Oct.

Is it time to Decentralize the World?

Daily Fintech

Is the current state of blockchain development ready to attract a large number of users? For the technology to become mainstream, it needs to be applied in ways that people actually find useful and provide a much better experience than what is already available.

Razorpay Hires Mastercard Exec In Bid To Work With RBI On Payment Regs

PYMNTS

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more.

Using A Short-Term Loan To Close Other Loans

BankBazaar

Taking out a Personal Loan to close other loans might be a wise thing to do. But there are some points you should keep in mind. Read on to find out more. When it comes to loans , you get to think things over more often than not. This is so true, especially for Personal Loans.

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The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

China’s Club Factory Raises $100M To Grow Online Sales In India

PYMNTS

Chinese eCommerce platform Club Factory has raised $100 million in a Series D funding round as it plans expansion into India, sources reported on Friday (Oct. The new funding was led by Qiming Venture Partners, Bertelsmann, IDG Capital “and other Fortune 500 companies from the U.S.

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FinTech VC Funding Stats: Lending, WealthTech, Payments & B2B FinTech Top the Charts in Sep 2019

Let's Talk Payments

In September 2019, FinTech startups across the world raised $2.91 billion worth of VC/PE investments from 196 deals. In terms of MoM trends, there was a decrease of 9.3% from the $3. Read more

Regulators Say Crypto Asset Holders Subject To Securities Laws

PYMNTS

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. The U.S.

What Top Innovation Leaders in Banking Have in Common

The Financial Brand

The most innovative leaders in banking are generating greater profits and higher satisfaction scores. Here's what they have in common. The post What Top Innovation Leaders in Banking Have in Common appeared first on The Financial Brand. Digital Banking Report Featured Content Innovation Strategies

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

World Bank Downgrades India’s GDP Forecast

PYMNTS

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. India’s cyclical slowdown is severe,” the report said, according to Bloomberg. “In In such a weak economic environment, structural issues surface and the weak financial sector is becoming a drag on growth.”.

Two Ways to Quickly Elevate Your Financial Institution’s Onboarding

The Financial Brand

Banks and credit unions often get bogged down by digital changes, but marketers can move faster in some areas, like onboarding communication. The post Two Ways to Quickly Elevate Your Financial Institution’s Onboarding appeared first on The Financial Brand. Customer Experience

Amazon Prioritizes Equal Pay, Fraud Prevention And Data Privacy

PYMNTS

Online retail giant Amazon says it will launch into new markets amid an uncertain sea of controversies and regulations, CNBC reported on Friday (Oct. Amazon outlined its opinion on touchy subjects and said in a blog post last week, “there is much room for healthy debate and differing opinions.”

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Ineos 1:59

Bankelele

Today Kenya stood still, and the world watched as Eliud Kipchoge ran a specially staged marathon in Vienna Austria completing it in under two hours. The event dubbed “Ineos 1:59” was an unprecedented partnership event, backed by British chemical company Ineos and its billionaire Chairman, Jim Ratcliffe. Kipchoge ran the 42 kilometre-length course on a time of 1 hour […]. The post Ineos 1:59 appeared first on Bankelele. General Motors Olympics Safaricom Sports business

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Cannabis Cos See Share Prices Nosedive

PYMNTS

The public market for cannabis is off by more than 40 percent, despite the industry’s blazing forecast and enthusiastic quarterly reports, The Wall Street Journal (WSJ) reported on Saturday (Oct. The WSJ pointed to a near-$700 million merger of two U.S. companies that was scrapped.

Brazil’s Banco Inter Eyes Partnership With Uber For FinServ

PYMNTS

A source has revealed that Brazilian lender Banco Inter SA is currently in discussions with Uber about partnering in financial services. The move is another move by Japan’s SoftBank Group — which is a shareholder in Uber — to integrate its business in Latin America. While the source wouldn’t comment on the terms of a possible deal, it would target the rideshare giant’s drivers and Banco’s more than 3 million clients.

Cannabis Firms See Share Prices Nosedive

PYMNTS

The public market for cannabis is off by more than 40 percent, despite the industry’s blazing forecast and enthusiastic quarterly reports, The Wall Street Journal (WSJ) reported on Saturday (Oct. The WSJ pointed to a near-$700 million merger of two U.S. companies that was scrapped.

Google Play Store Nixes Payday Loan Apps

PYMNTS

High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal (WSJ) reported on Sunday (Oct. 13). .

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How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!