Fri.Oct 08, 2021

White House Mulls Executive Order for Crypto Guidance

PYMNTS

An executive order regarding cryptocurrency is being considered by the Biden administration, with the White House mulling a government-wide approach to digital currency oversight, Bloomberg reported on Friday (Oct. 8), citing unnamed sources.

Optimize Your Financial Institution’s Loan Review Process – Video

Abrigo

How to Get the Most from the Loan Review Function Independent loan review works best when it has a charter and reports up to auditing. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox?

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Trending Sources

El Salvador’s President a Bitcoin Booster, But Data Point to Uneven Embrace 

PYMNTS

Roughly a month into the grand bitcoin experiment in El Salvador, how it’s going depends on how you look at it. In the “it’s going gangbusters” camp, we might present as Exhibit A the fast and furious tweets of President Bukele, who said on that social media platform Thursday (Oct.

How to improve banking customer experience with right mix of digital tools, personal touch

ATM Marketplace

Even with digital tools, one of the most important parts of any client experience is complementing online offerings with a personal touch.

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

Crypto Users More Likely to Use Mobile Wallets in Cross-Border Remittances

PYMNTS

MoneyGram ’s recent announcement that it will be partnering with the Stellar Development Foundation , a nonprofit organization, on an eWallet offering with near-instant settlements in Circle's U.S.

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More Trending

LoginID Gets Research Grant From Algorand Foundation 

PYMNTS

The Algorand Foundation announced on Friday (Oct. 8) it has awarded a grant to FIDO-certified authentication provider LoginID that will allow the company to research “building a technical path towards enabling its suite of APIs and SDKS for the Algorand ecosystem.” .

This Week in Fintech ending 8 October 2021

Daily Fintech

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

Data Brief: 27% of Consumers Plan to Dine Out in Next Three Months 

PYMNTS

The pandemic is lingering, but bit by bit, we are venturing out. The digital shift is firmly in place, too – but that doesn’t mean we’re going to be stuck indoors staring at screens forever.

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Bank of America: Risks, huge potential in cryptocurrency

BankInovation

Before diving into cryptocurrency, Bank of America is dipping a toe in the water with an assessment by its own study group, which this week released its "first inning" of findings that noted the potential risks and gains on the horizon.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

NCR Intros Freshop eCommerce Tool To Northgate Gonzalez Markets

PYMNTS

NCR launched its eCommerce solution Freshop to grocery chain Northgate Gonzalez Market to offer the supermarket’s 42 California stores in Orange, Los Angeles, Riverside and San Diego counties an easier way to handle online sales, according to a press release.

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Aussie fintechs rake in more than $621M in funding

BankInovation

Australian fintechs were the darlings of this week’s funding rounds, with three fintechs bringing in more than $621 million. Here is Bank Automation News’ funding roundup for the week ended Oct. BNPL Openpay raises $271.4 million Openpay led the charge, raising $271.4

BaaS Startup Productfy Notches $16M Led by CM Ventures

PYMNTS

Banking-as-a-service startup Productfy raised $16 million in a Series A funding round led by CM Ventures, with participation by existing investors Point72 Ventures, 500 Startups and Envestnet Yodlee.

Chatbots offer advice without judgment. Low-income people are noticing.

American Banker

Artificial intelligence

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AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

Apple Pay at 7 Data Shows Promising Future for Digital Wallets, Despite Slow Uptake

PYMNTS

Fans of the Apple Inc. ecosystem fell in love with its smooth interoperability, whether it was sharing YouTube videos to Facebook, taking FaceTime video calls years before Zoom took off, or enjoying all manner of smartphone experiences delivered in a unified platform fashion.

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Wall Street could get four Bitcoin futures ETFs by end of month

BankInovation

After years of waiting for a U.S. Bitcoin ETF, the crypto community may finally get as many as four products in a matter of weeks.

Digital B2B Payments Evolution Headed Toward Virtual Wallets, Predictive Analytics

PYMNTS

B2B payments have been a long-term laggard compared to their consumer counterparts, as many old-school paper checks and disconnected legacy software systems contribute to payment delays that can take weeks.

One bank’s response to climate change: Financing condo retrofits

American Banker

ESG Commercial banking

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Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

USEND: Compliance Automation Critical in Making X-Border Payments Faster and Cheaper

PYMNTS

The great digital shift has enabled all sorts of merchants, particularly small and medium-sized businesses (SMBs), to move beyond their home territories and cross borders to tap new markets.

Direct loans from SBA are no threat to private lenders

American Banker

Small business lending Politics and policy

New Study Finds Strong Demand for Lease-to-Own Options Amid the BNPL Boom

PYMNTS

Study 217

Oportun pulls bank charter application, says it plans to refile

American Banker

Consumer lending Regulation and compliance

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Connected Car Weekly: Automakers Ramp up Subscriptions, Payments and Repair Appointments 

PYMNTS

It was a big week for in-car connected services subscriptions, with General Motors going all-in by forming a digital business team and announcing that growing subscription revenues will be a big part of the company’s plan to double its revenues. .

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California cracks down on nonbanks that charge overdraft fees

American Banker

Regulation and compliance Consumer banking Politics and policy

Instacart’s FoodStorm Taps Self-Service to Bring the Digital Shift Into Stores

PYMNTS

The digital shift continues to sweep through the grocery industry, turning stores into omnichannel hubs. On Thursday (Oct. 7), Instacart announced the acquisition of catering software company FoodStorm.

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Capital Credit Union in Wisconsin names new CEO

American Banker

Credit unions

The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.