Sun.Mar 08, 2020

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“Are you willing to take the risk of investing in b t?”

Chris Skinner

“Are you willing to take the risk of investing in b t?” Interesting headline. It’s not mine btw. It’s a question from a leading banker. The question, in this case, related to investing in data mining … but you will probably find it’s a question asked about any major project. It’s the … The post “Are you willing to take the risk of investing in b t?

Data 413
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French Court Says Bitcoin Is Money

PYMNTS

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread. The result of the ruling could lead to more activity in the French bitcoin market.

Bitcoin 280
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The Finanser’s Week: 2nd March 2020 – 8th March 2020

Chris Skinner

The main blog headlines are … What does ‘digital transformation’ really mean? Buzzwords. We have a lot of them. Artificial, autonomous, augmented. Big data, blockchain, bilateral. Crypto, currency, consensus. Distributed, decentralised, democratised. I’m tempted to write the ABC of technology buzzwords, but know there cannot be any that start with … The post The Finanser’s Week: 2nd March 2020 – 8th March 2020 appeared first on Chris Skinner's blog.

Big Data 389
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SoftBank Shareholders Push For Grab, Gojek Deal In Indonesia

PYMNTS

Investors are asking SoftBank to help align Southeast Asia’s ride-hailing unicorns Grab and Gojek, The Financial Times reported, citing sources. In the past 18 months, both startups were vying for new customers, especially in Indonesia, the world’s fourth-most populous country and the most profitable market for the two firms. Gojek , headquartered in Jakarta, is backed by Tencent and Google, among others.

Google 189
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Things worth reading: 9th March 2020

Chris Skinner

Things we’re reading today include … Yes Bank customers queue for cash after India’s central bank takes control Serious Fraud Office looking at Lloyds Bank and KPMG claims U.S. Banks Are About to Collapse and Send Some Financial Stocks Soaring PIMCO sees mild recession due to virus but tight credit … The post Things worth reading: 9th March 2020 appeared first on Chris Skinner's blog.

Fraud 285

More Trending

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The benefits—and risks—of turning credit card loyalty points into retail currency

Payments Source

Credit card issuers caught in the trap of chasing new customers with increasingly costly rewards-point programs are trying something new: letting more users redeem rewards directly with merchants instead of acting as the intermediary.

Cards 116
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Uber To Pay Drivers Sickened, Quarantined By Coronavirus

PYMNTS

Uber , DoorDash , Instacart , Postmates and Lyft are considering establishing a fund to pay workers who are either sickened or quarantined by COVID-19, the disease caused by the coronavirus , according to The Wall Street Journal. The ride-hailing and delivery companies are continuing to talk about setting up a fund and should have a plan in several days, published reports said.

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Sandboxes work best when they're open

Payments Source

Payment firms and fintechs can use open source and the cloud for a potent innovation combo, says Asset Control's Mark Hermeling.

Fintech 102
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India’s Easypaisa Powers Pakistan’s Seed Out Loan Disbursements

PYMNTS

Indian payments solution Easypaisa is teaming up with Pakistan’s crowdfunding platform Seed Out to digitize payments collection, reports indicated. Seed Out helps the underprivileged learn the right entrepreneurial skills to succeed. This collaboration aligns with Easypaisa’s goal of partnerships with prominent organizations specializing in digital financial solutions.

Payments 159
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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Next round of Wells Fargo hearings will shine spotlight on board's role

American Banker

The House Financial Services Committee will question two of Wells’ board members, raising public scrutiny to a new level for bank directors.

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China Exports Tank 17 Pct

PYMNTS

Chinese exports have fallen by 17.2 percent in the first few months of this year due to the heavy toll of the coronavirus. The outbreak has disrupted global supply chains, hampered business activity and hindered transport between countries as it has spread across the world and infected tens of thousands, killing over 3,000 people as of early March. The overall exports from China fell 17.2 percent in USD terms as of January and February, with the decline being more than expected, according to ana

DC 142
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Can newcomer Level stand out in a sea of challenger banks?

American Banker

The all-digital bank is hoping to win over consumers with above-average savings rates and more detailed analysis of their spending habits.

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SoftBank Exec: ‘Mistakes Come Out First’ In Investing

PYMNTS

SoftBank’s Rajeev Misra, head of the company’s $100 billion Vision Fund , is still banking on the success of the fund, confident investments and IPOs will surge within the next year. His confidence has had numerous opportunities to be shaken in recent months. For one, SoftBank was entangled in the botched initial public offering for WeWork last September.

Strategy 132
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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How Will Coronavirus Outbreak Impact The Fintech Ecosystem?

The Financial Brand

As the coronavirus outbreak impacts how consumers bank and which fintech firms survive, it's time evaluate existing banking models and strategic priorities. The post How Will Coronavirus Outbreak Impact The Fintech Ecosystem? appeared first on The Financial Brand.

Fintech 43
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Commerce Takes Hit From Coronavirus With Travel, Supply Chain Impacts

PYMNTS

Businesses and industries throughout the world are bracing for the economic impacts of the coronavirus as it disrupts supply chains, events and travel. The airline industry , in one case, could take a huge hit of over $113 billion in revenue in 2020 with a drop in travel because of worries over the coronavirus. The fall in demand for flights has been hard and swift for airlines.

Industry 131
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Why Millennials and Gen Z Love the Biggest Financial Institutions

The Financial Brand

Younger adults want both technology and personal support from their banking provider. Right now, the megabanks are best at providing both. The post Why Millennials and Gen Z Love the Biggest Financial Institutions appeared first on The Financial Brand.

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Bitcoin Daily: ZenGo’s Crypto Wallet Now Savings Account; Bitcoin Can Be Bought With Cash In Nigeria

PYMNTS

Nigerians will be able to buy bitcoins with cash , providing a pathway into cryptocurrency for those who were previously financially excluded. The country has seen more interest than usual in cryptocurrency, with the tech-savvy newer generations of Nigeria oft-asking Google about how to get into bitcoin. But around half of the 200 million residents of Nigeria are still unbanked, and, combined with the category of the underbanked, that number jumps to almost two-thirds.

Bitcoin 131
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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What Banks Can Learn from Mastercard’s Innovation Lab Chief

The Financial Brand

Financial institutions must use new technologies like AI and APIs, not in the old methodical way, but like a fintech, constantly fine tuning. The post What Banks Can Learn from Mastercard’s Innovation Lab Chief appeared first on The Financial Brand.

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Coronavirus Stokes Investors’ Corporate Cash Concerns

PYMNTS

U.S. investors are growing wary of the possible effects of the coronavirus , with reports of workers staying home and worries of payments to affected workers causing a stir, according to Yahoo Finance. If the outbreak continues to keep workers at home, investors said things could get worse. With U.S. corporate debt at all-time highs and the size of the so-called triple B segment (companies just above junk status) also sitting at that height, sudden shocks to the economy could end up putting comp

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Tech Firms Want Moderation, Not Bans, On Facial Recognition

PYMNTS

Tech companies want to get ahead of the law when it comes to facial recognition , seeking to restrict its use but also making sure the most severe regulations don’t come to pass, according to The Wall Street Journal. Microsoft and Amazon are among those slated to profit if various government agencies and businesses expand use of facial recognition technology, which can come with large investments in machine learning (ML) and cloud computing technology.