Wed.Mar 25, 2020

An interview with Mike Heffner, Appian

Chris Skinner

I don’t do many interviews on The Finanser, but had been planning a massive book launch over the next month, touring the world and spending $1000s on media engagement. Ah well.

SMB banking startups face new challenges as clients struggle 

Bank Innovation

As the novel coronavirus forces social distancing and shelter-in-place mandates, many small businesses are being bled dry as they close their doors. Digital-only banking startups that serve small business clients, meanwhile, are figuring out what actions they can take to help their struggling customers. Many of our customers are seeing a huge, immediate drop in […]. Carousel Corporate Banking Customer Experience Lending Premium Azlo BlueVine Joust NorthOne Novo

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Extinction Rebellion wins? Coronavirus and Climate Change

Chris Skinner

I got into an online argument as I said that the coronavirus was God’s way of letting Extinction Rebellion and climate activists win. Seeing his creation of humanity destroying his creation of everything, it took divine intervention to force us to stop flying, stop manufacturing and stop messing up our … The post Extinction Rebellion wins? Coronavirus and Climate Change appeared first on Chris Skinner's blog. Grid Opinion

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US Bank eyes ‘autonomous banking’ future

Bank Innovation

Bank is taking steps to achieve autonomous banking, or “the nirvana” of banking, according to Doug Nielson, the bank’s senior vice president of innovation research and development. “The nirvana, if you will, of banking would be truly autonomous banking, like the autonomous car,” Nielson said during a fireside chat today at Banking Transformation Week, an online conference focusing on banking, finance and […].

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Things worth reading: 26th March 2020

Chris Skinner

More Trending

Guidance on TDRs Eases Coronavirus Workout Pressures

Abrigo

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. FASB affirmed this guidance for borrowers who were current prior to relief. The guidance makes it more palatable for institutions seeking to help borrowers affected by the coronavirus crisis. Regulators also announced other guidance tied to reporting and risk-based capital rules.

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Walmart, Sam’s Club Plan To Pay Suppliers Faster, Ease Rents For In-Store Shops

PYMNTS

Walmart ‘s coronavirus response will include waiving rent for the more than 10,000 businesses that operate from within the walls of Walmart Supercenters and Sam’s Clubs, according to CNBC. The virus, which swept across the U.S.

Business interruption- cover that’s too big to cover- but needs to be next time

Daily Fintech

On February 27 Daily Fintech published this article, “ Dominoes fall- business disruption and risk management in the COVID 19 environment ,” wherein there was a discussion of the indirect effects of the then China-based COVID-19 outbreak, and the estimation of economic damage due to the outbreak being $1 trillion.

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The $2T Stimulus Phase 3: Everything You Need To Know 

PYMNTS

The deal is done — in the Senate anyway — and the $2 trillion Phase 3 coronavirus relief package will face a vote shortly after noon when the Senate reconvenes and be on its way to the House of Representatives for the lower chamber’s vote. The deal was announced shortly after 1 a.m. on the floor of the Senate by Senate Leader Mitch McConnell, who called the unprecedented stimulus package a “war-time” level of mobilization by the United States government. “At

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The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

ISO 20022 is the de facto standard for faster payments

Payments Source

The standard is playing a foundational role for banks in the transformation of their infrastructures, with the rich messaging format delivering business benefits and enabling enhanced customer propositions, says Icon Solutions' Lauren Jones. Digital payments ISO and agent Payment processing Merchant

Banking Bots: The Good, The Bad And The Ugly

PYMNTS

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method.

Planning Our COVID-19 Response is Also Planning for the New Normal

Gonzobanker

Financial institutions need to talk about the impact of the Coronavirus – when they finally come up for air. In our nearly 20 years of existence at Cornerstone Advisors , we have never seen a crisis like the one we have experienced in the last 30 days. We have also seen the most abrupt change ever in assumptions, goals, impact planning and strategic focus. And the response to this point has been nothing short of remarkable.

China Suspected In Surge Of US Cyberattacks

PYMNTS

cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, according to a report by Reuters. The firm wrote a report that said it suspected the activity was coming from a hacking group called “APT41.” The attacks began on Jan. 20 and were aimed at more than 75 of FireEye’s customers, which include media firms, healthcare organizations, manufacturers and nonprofits.

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The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

How consumers are coping with coronavirus

Payments Source

For a growing number of people, the coronavirus has disrupted their daily lives in how they work, where they eat and how they spend their money. This drastic change has caused a boom in some sectors of the economy and a bust in other areas. Online payments Digital payments Coronavirus

COVID-19 And The (Legal) Ripple Effects Of ‘Force Majeure’

PYMNTS

The rise, and spread, of COVID-19 has had a global impact, where the human toll has been significant, the economic cost unquantifiable and at this point, perhaps, unfathomable. And where business relationships, based on contracts, are concerned, legal (and financial) liabilities tied to disruption, to cancellations, to a grinding halt of everyday life are perhaps murky at this point. And what about the contracts themselves?

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U.S. payments 'early adoption' actually pushes it behind Europe

Payments Source

By embracing technology such as magnetic stripe when it seemed modern, the U.S. has been slower to catch up with much newer digital innovation, argues MSTS' Brandon Spear. Fintech Mobile payments Digital payments ISO and agent Merchant EMV

Bitcoin Daily: Paxos Gold Can Now Be Lending Collateral

PYMNTS

Nexo , the digital currency lending platform, is now letting retail investors utilize PAX Gold as loan collateral, Cointelegraph reported. Last year, an experimental program had been restricted to institutional customers and reportedly experienced instant demand for its credit lines backed by gold.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

SFTR delay may spur consolidation of regtech solutions

Bobsguide

The delay to the launch of the Securities Financing Transactions Regulation (SFTR) will lead to further aggregation of regtech solutions, some providers argue. But the delay also exposes weaknesses in investment firms’ regulatory infrastructure, adding to market instability. Mikkel

Farmers Step Up Deliveries In Rural America

PYMNTS

American farmers, spurred by the coronavirus ‘ upending of American normality, have begun making home deliveries of fresh food in areas where popular apps like Instacart might not be available, according to a report by Reuters.

Could coronavirus bring Canada's tech-averse merchants online?

Payments Source

Canada’s small businesses have lagged behind the U.S. in adopting digital commerce for a variety of reasons, but coronavirus might send things in a new direction. Online payments Cross border payments Canada Retailers Coronavirus Visa

eCommerce Rising: Retailers Watch For Trendlines

PYMNTS

So far, we know a lot about what U.S. consumers are not doing. As seen in Karen Webster’s report on our exclusive COVID-19 consumer survey , we know they’re not staying in hotels (-26 percent), eating in restaurant dining rooms (-36 percent) or using public transit (-29 to -35 percent). However, consumers have stepped up their activity in eCommerce. The PYMNTS study found that 28.3 percent of respondents shop in stores less often and 10.5 percent shop online more often.

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How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Trust: Our Promise to You

Strategically Speaking

Trust. A firm belief in the reliability, truth, ability, or strength of someone or something. In business, trust is cultivated and built from the ground up – through perseverance and hard work. And when trust is achieved, the payoff is both emotionally fulfilling and financially rewarding. customer success

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U.S. Jobless Claims Expected To Be Highest Ever

PYMNTS

The initial jobless claims report to be released Thursday (March 26) is predicted to show that due to the coronavirus pandemic, the largest number of Americans ever will have filed for unemployment benefits in such a short time, according to CNBC. Different firms are predicting anywhere from 1 million to 4 million people filing for unemployment benefits, which would be much higher than the around 700,000 peak in 1982. “It’s

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Ten things you need to know about the Shareholder Rights Directive II

Bobsguide

The clock is ticking on the European Union (EU)’s Shareholder Rights Directive II (SRD II), which comes into force on 3 September 2020. It’s part of a cross-sector industry initiative to improve the existing set of standards on corporate actions and general meetings for listed equities

eCommerce Helped Nike Mitigate Lost Sales In China

PYMNTS

After the COVID-19 outbreak, business for Nike Inc. has bounced back in China. The brand was also able to help mitigate lost sales with eCommerce orders, which is a path management foresees taking in Europe as well as the U.S., The Wall Street Journal reported. CEO John Donahoe said, according to the report, “We are seeing the other side of the crisis in China. We now have a playbook we can use elsewhere.”

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.