Fri.Jul 16, 2021

How AI And Digital Identity Verification Can Secure The Telehealth Age

PYMNTS

The healthcare industry experienced sweeping changes in 2020 as medical providers worked on overdrive to fulfill the needs of both patients visiting physical hospitals or clinics and those tapping telehealth services in unprecedented numbers.

FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions

Abrigo

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. Would you like others articles like this in your inbox?

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Credit Unions Stake Future On Contactless Cards, Digital Wallets

PYMNTS

Credit unions (CUs) are known for catering to consumers with a personal touch and for helping small business clients thrive and grow, which has positive ripple effects throughout their communities.

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This Week in Fintech ending 16 July 2021.

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

Today In Healthcare: VC Sinks Big Bucks Into Startups; Telehealth Providers Turn To AI

PYMNTS

Today in healthcare, HC startups have raised almost $15 billion in venture capital funding this year and UnitedHealth has strong Q2. Plus, telemedicine is turning to AI to solve its privacy problems and consumers need a digital component as part of their in-person healthcare experiences.

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NoTraffic Raises $17.5M To Make Dumb Intersections Smart

PYMNTS

Traffic intersections are almost entirely dumb in North America.

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FHFA Eliminates Adverse Market Refinance Fee

CFPB Monitor

The Federal Housing Financing Agency (FHFA) announced on July 16, 2021 that effective August 1, 2021 it is eliminating the 50 basis point Adverse Market Refinance Fee for refinance mortgage loans.

Innovative Approaches To Retail And Global Commerce

PYMNTS

Walmart is adding the popular Justice brand of children’s apparel and accessories to some stores and its website. In retail rewards, David’s Bridal has seen a sizable number of shoppers enroll in its loyalty program.

Tirzah Warren Promoted to Assistant Vice President/Teller Administrator

MerhantsBanks

Tirzah Warren has been promoted to Assistant Vice President/Teller Administrator at Merchants Bank, according to Sue Hovell, Director of Retail Banking Performance.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

‘Founders In Residence’ Program Helps Brands Transition To D2C

PYMNTS

Large marketplaces like Amazon create an amazing first step opportunity for entrepreneurs looking to test out if their business idea works — if they can create any consumer demand for their widget.

3 reasons you should attend Bank Customer Experience Summit

ATM Marketplace

Between COVID-19 closing down bank branches, and changing customer expectations, it can be a challenge for financial institutions, independent ATM providers and other companies to strategize their path forward. The Bank Customer Experience Summit, held on Sept.

Rent Reporting Startup Esusu Lands $10M In Series A

PYMNTS

Rent reporting FinTech Esusu landed an investment of $10 million in its Series A round, according to a Friday (July 16) blog post from Co-founders & Co-CEOs Abbey Wemimo and Samir Goel.

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Revolut raises $800M in series E funding round, reaches $33 bil valuation

BankInovation

based neobanks, otherwise known as “challenger banks,” continued to court investors with significant funding rounds this week. London-based company Revolut may now be the most valuable fintech in the U.K. and one of the most valuable fintech startups in Europe.

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments

PYMNTS

It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26 billion in benefits aren’t going to the unemployed, but to fraudsters who are taking the system for a ride — or to regular citizens who have filed claims improperly.

U.S. Bank racial equity bond aims to support affordable housing

American Banker

CDFIs Race and corporate America ESG U.S. Bancorp Capital markets

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Funded FinTechs Look To Get More Capital In The Hands Of SMBs

PYMNTS

Whether through embedded lending, small business credit cards or trade finance portals, this week's newly funded B2B FinTechs are largely looking to get more capital into the hands of companies. But it was a challenger bank targeting SMBs that landed the top spot with its $100 million funding round.

How fast-growing neobank Novo met its customer service challenge

American Banker

Customer service Small business Customer experience

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

Why FinTech Struggles To Combat The $1.5 Trillion Trade Finance Gap

PYMNTS

Trade finance has become a popular target of FinTech innovators looking to disrupt what has been, for decades, a manual, paper-based process. Traditional banks are unsurprisingly not always invested in revamping their own trade finance operations.

Harsher rules, more enforcement: What to expect from Chopra's CFPB

American Banker

Richard Cordray Kathy Kraninger Mick Mulvaney CFPB

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Businesses Eye Virtual Cards As They Wait For Real-Time Rails

PYMNTS

Payment innovators and governments around the globe continue to invest in real-time infrastructure to accelerate the movement of funds. The U.S., however, continues to lag in its rollout and adoption of real-time payment rails.

Cards 219

FHFA ending fee meant to cover Fannie, Freddie’s COVID-related losses

American Banker

FHFA Refinance Coronavirus GSEs

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How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.

Today In Payments: Paytm Aiming For $2.2B IPO; Square Eyes Open Developer Platform For Crypto 

PYMNTS

In today’s top news, Paytm could raise $2.2 billion in its initial public offering (IPO), and Square is working on a new decentralized finance (DeFi) developer platform. Plus, QuickBooks launched a new small and medium-sized business (SMB) card reader for faster payments. Paytm Aiming For $2.2B

First Horizon's costs from Iberiabank integration higher than expected

American Banker

Earnings Branch network M&A Integrations

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Today In Digital-First Banking: Blend Starts Trading On NYSE; China Looks Into Digital Yuan For X-Border Payments

PYMNTS

In today’s top news in digital-first banking, Blend Labs, Inc. launched its initial public offering (IPO), while the People’s Bank of China (PBOC) is examining use of the digital yuan for cross-border payments.

Square Acquired This Messaging Platform To Boost Workplace Messaging

CB Insights

Square , a financial and marketing services provider, has acquired Crew , a messaging application for workplaces, for an undisclosed amount. WHO ARE THE PARTIES TO THE DEAL?

4 Data-Driven Steps To Drive Successful B2B Demand Generation

Fact: Good data lives at the core of every successful B2B demand generation strategy. Without quality data, it’s nearly impossible to identify and segment your target audience and create messaging that speaks to their values and interests. Whether you’re stepping into a new position or you’re new to demand generation, learning the tricks of the trade can be, well, tricky. In this eBook, you’ll discover how to improve your demand generation program—and your bottom line.