Sun.Sep 13, 2020

European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept.

How FIS sped 6 million EBT cards to feed needy kids during the pandemic

Payments Source

When the pandemic shut classrooms across the U.S. this year, the federal government looked for a quick solution to prevent millions of needy students who typically receive meals at school from going hungry. FIS Coronavirus Payment processing Cards

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Deloitte Becomes First Of Big Four To Break Up Business

PYMNTS

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph.

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How To Save Up For Your Maternity Leave

BankBazaar

In spite of a six months’ paid maternity leave that you’re entitled to in India, there are still some exigencies that you will need to financially prepare for during your maternity leave. . Motherhood can easily be considered as one of the most momentous occasions that mark a woman’s life.

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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.

Standard Chartered Reports Blockchain Letter Of Credit Transfer Between Thailand, Vietnam

PYMNTS

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds.

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US Consumer Sentiment Looks Uncertain As Holiday-Shopping Season Approaches

PYMNTS

Many people prepared during the pandemic’s early days for what they forecast as a relatively short disruption to their daily lives — a few weeks or months of slowdown, followed by fast return to normal. But that’s not how things have played out half a year on, and the majority of U.S.

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Bank transfers can fill the card gap for e-commerce

Payments Source

Alternative payment methods such as bank transfers, e-wallets, cash-based payments and other payment types are currently the vast majority of e-commerce transactions globally, says PPRO's James Booth. Banking Payment processing Cards E-Commerce

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Lloyds, ConnectedFi Team For Faster Credit Decisions

PYMNTS

Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to Financial Reporter.

Federal overhaul of M&A rules could favor small-bank deals

American Banker

Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas. Fintech Community banking M&A Regional banks DoJ Truist Financial

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!

Real Estate Startup Opendoor In Talks To Go Public

PYMNTS

Opendoor , a San Francisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company, Bloomberg reported. Opendoor is in advanced talks with Social Capital Hedosophia Holdings Corp.

Building digital KPIs in healthcare

Perficient

What’s the secret to success in any healthcare digital project? Hint: It’s not a snazzy design or lots of bells and whistles. No matter the project, there’s a key step that separates success from failure. And that key is within your grasp. The key?

Grab Fined For Privacy Breach For The Fourth Time

PYMNTS

GrabCar , a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg reported.

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Data and Advanced Technology Are Transforming Digital Lending

The Financial Brand

An important component of digital banking transformation is the ability to provide credit across digital platforms seamlessly and on demand. The post Data and Advanced Technology Are Transforming Digital Lending appeared first on The Financial Brand.

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.

Gojek, Grab Renew Merger Talks With SoftBank’s Support

PYMNTS

Six months after merger talks stalled between two of Southeast Asia’s ride-hailing companies, Gojek and Grab Holdings have resumed negotiations, the Financial Times (FT) reported.

5 Digital-First Strategies That Can Turn Banks Into UX Disruptors

The Financial Brand

Banks and credit unions can compete with challengers if they adopt a user-focused design approach to developing successful digital products. The post 5 Digital-First Strategies That Can Turn Banks Into UX Disruptors appeared first on The Financial Brand.

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SoftBank Considers Going Private After Asset Sales, Report Says

PYMNTS

Talks have been revived for SoftBank to take itself private amid a series of disappointments to the company’s equity valuation compared to the value of its individual holdings, Financial Times (FT) writes.

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Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives

The Financial Brand

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives 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.

Bitcoin Daily: IRS Offers $625K For Help Cracking Cryptocurrency Secrecy; Kuala Lumpur's IBF Net Eyes Blockchain For Recurring Payments

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

All about EADB

Bankelele

The East African Development Bank (EADB) is a development finance institution, headquartered in Kampala, Uganda and has country offices in Kenya, Tanzania and Rwanda. It was one of the few institutions that survived the collapse of the original East African community. Its main products are medium-term financing and its long-term loans for projects that can be durations of 12 […]. The post All about EADB appeared first on Bankelele.

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New China Laws Mean Ant Group Must Pay At Least $731M To Register As Financial Holding Company

PYMNTS

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ).

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Apple Provides Temporary Access To Epic Games' Fortnite

PYMNTS

After a nearly two-week ban, fans of Fortnite , a video game in which players fight each other until the last one is standing, can log into the game on Apple ’s sign-in system, Reuters reported.

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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.

Report: Oracle Winning Bidder Of TikTok, Microsoft Out

PYMNTS

Oracle Corp. beat Microsoft Corp. in a bid to take over TikTok’s video-sharing app’s U.S. operations Sunday (Sept. 13) days before President Donald Trump threatened to shut it down, The Wall Street Journal reported. China-based ByteDance Ltd.,

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ByteDance To US: TikTok's Code Isn't For Sale

PYMNTS

China-based ByteDance has said in boardroom discussions that it won't be selling its essential algorithm for the video-sharing app TikTok in any manner, according to sources quoted by the South China Morning Post. The company has faced scrutiny in recent weeks from the U.S.

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The Clock Tick-Tocks Down Toward The Deadline For A TikTok Sale

PYMNTS

TikTok ’s “sale-or-no-sale” negotiations are coming down to the wire as the Chinese-based social-media app tries to control its own fate in the face of President Donald Trump’s threats to ban its U.S. operations as early as Tuesday (Sept.