Sun.Apr 18, 2021

Bitcoin Daily: Bitcoin Retreats Down To $52K; Nigeria’s SEC Director Upholds Crypto Ban, But Says It Has Disrupted The Market

PYMNTS

The price of bitcoin fell this weekend, down as much as 19.5 percent from the record highs from the past week, CNBC writes. Bitcoin was as low as $52,148 as of Sunday (April 18) morning. That comes after the cryptocurrency rose to as much as $64,800 and beyond as of last Wednesday (April 14).

Full automation in treasury management is within reach

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Global Consumer Saving Stockpile Reaches $5.4 Trillion

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Global consumers have been doing well at saving during this past year of the pandemic, with a total of $5.4 trillion now stockpiled, Financial Times (FT) writes. Recently, consumers are becoming more confident about the economic outlook.

Coinbase now has the heft to go all-in on payments

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Fintech Cryptocurrencies

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.

China Says Digital Yuan Will Focus On Domestic Usage

PYMNTS

China is expanding the trial of its digital yuan, but the currency should not be seen as a weapon against the U.S. dollar, central bank Vice Governor Li Bo told conference attendees Sunday (April 18), Reuters reported.

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Luxury Travel Startup Inspirato Looking At $1 Billion SPAC Merger

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Luxury travel startup Inspirato has potential plans to go public through a special purpose acquisition company (SPAC), Bloomberg reports. The Denver-based company is talking with Thayer Ventures about a deal, according to anonymous sources, although terms could change and the deal might collapse.

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Are crypto startups less risky now?

Daily Fintech

While the crypto industry is still in its infancy, lately it’s been seeing a lot of growth. Venture capital funding in crypto and blockchain startups is expected to break new records in 2021. The results for the first quarter of this year has been impressive, regardless on your source of data.

Chain.io Gets $5 Million In Funding Round

PYMNTS

Cloud-based supply chain integration platform Chain.io has completed a funding round for $5 million, a press release says. The round was led by Grand Ventures and Mercury. Also participating are Honeywell Ventures and Engage. The Chain.io

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Credit unions sound alarm on COVID-19 vaccination scams

American Banker

COVID-19 Fraud Risk management Credit unions Coronavirus

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!

Russia's Yandex Expands eGrocery To Paris And London

PYMNTS

Yandex , the Russian internet giant, will roll out its online grocery delivery in Paris in the second quarter of the year and London in the third quarter, U.S. News reported. Russian eCommerce was doing well last year, with lockdown measures keeping shoppers at home.

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States should take lead on regulating innovation: Wyoming senator

American Banker

Senate Banking Committee Federal Reserve Bitcoin Cryptocurrencies

Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues

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A $16 billion federal program designed to help performance venues and museums closed due to COVID-19 that was supposed to debut more than a week ago has yet to go live, The Wall Street Journal (WSJ) reported.

Understanding How Google Sees Financial Services

The Financial Brand

Google executive eyes the future of big techs in the banking business through the lens of her long experience at Citibank. The post Understanding How Google Sees Financial Services appeared first on The Financial Brand.

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.

NatWest Relaunches SMB Accelerator Program

PYMNTS

bank NatWest Group , which shifted its accelerator program to a virtual model in response to the pandemic, is restoring the network of incubators for small- to medium-sized businesses (SMBs) in a hybrid setup, according to a press release.

Chase Escalates The War For Talent in Retail Banking

The Financial Brand

As the need for digital banking transformation increases, the bidding for talent escalates across the industry. The post Chase Escalates The War For Talent in Retail Banking appeared first on The Financial Brand.

Deliveroo And UK Grocer Sainsbury’s Expand Delivery Trial

PYMNTS

delivery service Deliveroo will provide goods from around 100 Sainsbury’s stores — up from 10 stores involved in a trial arrangement — under a new, two-year deal, the companies jointly announced in a press release.

TAB Bank chooses Mulesoft for Open Banking ecosystem

The Paypers

US-based Mulesoft has announced that TAB Bank is using MuleSoft to build its Open Banking strategy and grow an ecosystem of partners

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.

Transcard To Debut Business In UK

PYMNTS

Transcard , the global payments technology provider, will be rolling out a business entity in the U.K., a press release says. This follows the company's work in the U.S. as it tries to extend its business elsewhere. Transcard plans to hire nine employees to lead its U.K.

LHV and The Access Bank UK sign up for Bottomline's Confirmation of Payee

The Paypers

US-based Bottomline has announced that LHV and The Access Bank UK Ltd have signed up to the business’ cloud-based Confirmation of Payee (CoP) service to help combat APP fraud

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Saudi Aramco Explores Supply Chain Finance Initiative

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Oil giant Saudi Arabian Oil Co. often referred to as Saudi Aramco, a shortened version of its former name, is trying to set up a supply chain finance network, The Wall Street Journal (WSJ) reported.

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Revolut Gears Up For New Funding; Could Push Valuation To $10 Billion

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London-based FinTech Revolut is on track to a fundraise that would value the company at between $10 billion and $15 billion, Sky News reported, citing unnamed sources. The company will use U.S.

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.

Secret Clubhouse Funding Round Would Value Company At $4 Billion

PYMNTS

Clubhouse , the increasingly popular audio-based social media app, has closed a new Series C round, though it didn't say how much it raised, Reuters writes. But a source familiar with the company said the new financing would put the company in the $4 billion valuation range.

Fed Report Says SMB Desolation Less Than Feared From Pandemic

PYMNTS

The number of businesses that permanently closed during the first year of pandemic fell short of widespread concerns, Federal Reserve economists have concluded in a new report.

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