Fri.Nov 20, 2020

Deep Dive: How Prepaid Cards Support Faster, More Accessible Employee Compensation

PYMNTS

Companies with global workforces need to overcome numerous challenges to quickly and easily pay their employees. Providing prompt compensation is critical because workers’ loyalty could be damaged if frictions affect their paychecks.

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Can blockchain transform cross-border payments?

Mobile Payments Today

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments

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Amazon CEO Jeff Bezos Invests In Chipper Cash In Latest African FinTech VC Deal

PYMNTS

African FinTech Chipper Cash has landed a whale of an investor. Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital.

7 ways the coronavirus pandemic changed remittances

Payments Source

When the pandemic hit full-force and lockdowns closed many agent locations, the industry’s shift to digital accelerated quickly. Even as job losses rose among those sending money overseas, the demand from recipients kept money moving, including among legacy companies like Western Union and MoneyGram.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Loadsmart Lands $90M From BlackRock, Maersk, For Digital Shipping Platform

PYMNTS

Investors just delivered another $90 million into the coffers of Loadsmart , a digital freight startup, the company announced Friday (Nov.

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EU Digital Services Act Discussion Could Be Start Of Seismic Policy Change

PYMNTS

For Big Tech, there’s just a hint of a bit of a reprieve in Europe. News came this week that a (virtual) meeting between regulators and Big Tech – which would center on draft proposals that might impact their very operations on the Continent –has been postponed briefly from Nov. 24 to Dec 2.

Daily Fintech announces Quintin Gomez as technology adviser based in Silicon Valley

Daily Fintech

Daily Fintech is tapping the expertise of Silicon Valley based Quintin Gomez to help guide a transition to becoming a software enabled media business. Daily Fintech is a globally decentralized business with readers and expert contributors all over the world.

Chegg CFO: How Existing FinTech Partners Bolster Digital Transformation

PYMNTS

The name of the game is digitization for organizations across all industries, thanks to the "new normal" of working from home amid the pandemic. But what does the process of digital adoption actually look like from the vantage point of the CFO?

Mobile cash technology: Get cash from the ATM, but leave the debit card home

ATM Marketplace

ATM Marketplace spoke with John Clatworthy, SVP, chief customer and strategy officer for Cash Connect on mobile cash technology and how customers can access their cash without using their debit card

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!

Mars, Mondelez Say CPG Direct-To-Consumer Sales Need Constant Innovation

PYMNTS

The digital shift has been well-documented in many categories but arguably none have been as dramatic as the consumer packaged goods (CPG) category. Research shows it has gone from 3 percent of total sales before the pandemic to 15 percent at its current rate.

How Open Banking can help SMEâ??s grow and thrive

Bobsguide

In September the UK’s Open Banking implementation body (OBIE) announced a significant uptake in the number of Open Banking service uses in the UK, with over two million people now benefiting from Open Banking products. This represents a 100 percent increase in users in just over six months

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Mnuchin Pledges More Stimulus Talks After Taking Heat For Ending SMB Lending Programs

PYMNTS

After coming under fire for ending key pandemic lending programs, Treasury Secretary Steven Mnuchin on Friday (Nov. 20) pledged to work with top GOP lawmakers and their Democratic counterparts on a new stimulus package.

How employers can support workers thrust into caregiving roles

Payments Source

Many employees, particularly women, are likely to become unexpected caregivers at some point. Companies should do more to ease their burden, says a top retirement and wealth specialist at Bank of America Merrill Lynch. Employee benefits Retirement education Retirement benefits Employee retention Retirement planning Women in Banking Inclusion

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

What Will Ant Group Look Like A Year From Now?

PYMNTS

What’s next for Ant Group – and by extension, Jack Ma? . In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. .

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OCC seeks to bar banks from shunning disfavored industries

American Banker

Some large banks have come under fire from the GOP for curbing services to firms in controversial industries, such as firearms and fossil fuels. A proposal by the Office of the Comptroller of the Currency aims to block banks from taking such stances.

eBay Repurposes LA Gas Station For Authentication Drive-Thru

PYMNTS

An old Los Angeles gas station is getting a new life as a drive-thru authentication hub for eBay , according to a company statement on Friday (Nov. The vintage 1941 former Texaco Station is located in the Koreatown neighborhood on Beverly Boulevard.

Fed Provides Temporary Relief to Community Banks With Pandemic-Inflated Assets

ABA Community Banking

The federal banking agencies today issued an interim final rule to ease the regulatory burden of community banks that have experienced sudden asset growth as a result of participation in COVID-19 relief programs like the Paycheck Protection Program.

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.

COVID Casts More Doubt On Future Of Bank Branches

PYMNTS

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible.

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US Bank, Wells Fargo digitize back office B2B payments

BankInovation

Bank and Wells Fargo are advancing B2B payment solutions with the debut of two new automated products for back-office operations.

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Disrupting Loyalty: New Platform Rewards Consumers With Stock Ownership

PYMNTS

There are about 328 million people in the U.S., so it might come as a surprise that these same people belong to 3.8 billion loyalty programs, an average of 14.8 per person. And it probably won’t come as a surprise that they only actively use about half of them at 6.7 per person.

Weekly Wrap: N26 faces stiff competition, SC strengthens fault tolerance

BankInovation

Amazon Web Services scored big when Standard Chartered selected the Amazon.com subsidiary as a main cloud provider for its core and digital banking systems.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

Credit unions (CUs) have witnessed plenty of positive developments in recent years. The space has experienced robust expansion, with one report noting that more than 17 million consumers around the globe joined CUs in 2019.

A digital bank for the LGBT community

American Banker

Daylight's initial product lineup includes a prepaid debit card with the customer’s chosen name and educational content around issues unique to LGBT households. Diversity and equality Digital banking Challenger Bank Digital Banking 2020

Big Bank Bids Headed For Hill Hearings?

PYMNTS

Tech mergers have been in the crosshairs for lawmaker scrutiny – particularly over antitrust concerns. Now, it may be the banks’ turn. Earlier this week, California Congresswoman Maxine Waters (a Democrat from California) said in a statement that the $11.6

To weed out data bias, hire more Black analysts

American Banker

The algorithms banks use to assess the financial well-being of minorities would be more effective if Black analysts crunched the numbers, says Troynica Green, a data analyst at Regions Bank. Diversity and equality Employee retention Women in Banking

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.