Wed.Nov 13, 2019

Tomorrow’s bank? What do HSBC and Wells Fargo think?

Chris Skinner

I always like to hear what bankers think about the future of banking – it’s probably more accurate than what janitors or futurists think – and so was pleased to see two items in my in-tray this week, one from HSBC and the other from Wells Fargo.

Temenos is betting on a social banking tool to help small banks compete

Bank Innovation

To Switzerland-based banking tech provider Temenos, a human-centered digital approach will help small institutions compete with large players. Through its acquisition of software-as-a-service provider Kony last August, Temenos added social platform Engage to its toolkit for client banks.

Tools 293

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Things worth reading: 14th November 2019

Chris Skinner

Apple 228

Google partners with Citi to offer customers checking accounts

Bank Innovation

Google has partnered with Citigroup Inc. and a local California credit union to offer consumer checking accounts, a person familiar with the matter said.

Google 247

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!

BlackBerry On 5G And The IoT Security Problems That Must Be Fixed

PYMNTS

IoT providers have hit an innovation streak in recent years, utilizing increasingly sophisticated technologies such as artificial intelligence (AI) and data tools like machine learning (ML) to rapidly expand the world of connected things.

More Trending

Nike To Pull Product Listings From Amazon

PYMNTS

Nike announced that it is parting ways with Amazon and will no longer sell its products on the eCommerce marketplace, ending a pilot program that began in 2017, The Wall Street Journal (WSJ) reported on Tuesday (Nov. The sneaker and sports apparel company said it is going forge new retail partnerships and concentrate on its direct business. For many years, Nike opted out of an Amazon partnership due to concerns that it would weaken the brand.

Retail 213

With QuickBooks integration, Tide adds data-driven personalization

Bank Innovation

Tide, a U.K.-based based business banking startup, is integrating with Intuit QuickBooks to save users time and eliminate tedious bookkeeping tasks.

Data 227

FIS: The POS As The Last (And Perhaps Best) Stop To Cement Customer Loyalty

PYMNTS

A satisfied customer is a loyal customer. Perhaps. But, then again, maybe not.

How Adyen's using in-house issuing to counter bank and fintech rivals

Payments Source

Adyen has traditionally focused on streamlining card acceptance, processing and settlement for online payments, and now it wants control more of the merchant relationship by issuing its own virtual and physical payment cards.

Online 137

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.

Google To Team With Banks To Offer Consumer Checking Accounts

PYMNTS

Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ) reported on Wednesday (Nov. Code-named Cache, the accounts will be handled by Citigroup and a credit union at Stanford University.

Google 206

Why Specializing in Commercial Verticals Can Boost Bank Profitability

Banker to Banker

COMMERCIAL SEGMENTATION Much has been written about the merits of community banks developing banking expertise around specific verticals. We recently worked with a bank that won the banking mandate for a family-run funeral home. At first we were surprised that the term loan was 93% LTV.

Ingo Money Dives Into Real-Time Payments Ubiquity Challenges

PYMNTS

Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly.

Here Is Daily Bank App Usage Patterns And Why It Matters

Banker to Banker

DIGITAL MARKETING If you think the average American is on their phone throughout the day you are largely right. However, they may not be on your bank’s app.

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.

Why Subscriptions Rule Retail And Amazon Is King

PYMNTS

The third quarter of 2019 saw decreased revenue for meal kit subscription service Blue Apron, a company that is struggling to stay afloat in the increasingly saturated subscription commerce market.

Retail 188

Boost to deliver electronic payments for JPMorgan commercial cards

Payments Source

With a growing number of banks adopting digital technology to move B2B commercial cards into mobile wallets, JPMorgan is collaborating with Boost Payment Solutions to automate the delivery of single-use and commercial card accounts to clients.

Cards 115

FinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and Countering Financing of Terrorism (CFT) Act deficiencies.

Google partners with Citi to offer customers checking accounts

Payments Source

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said. Checking Disruptors Edit License Google Citigroup

Google 115

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Does Nike Move Show An Amazon Weak Spot?

PYMNTS

The knives are out for Amazon this week thanks to a major sneaker brand. But at this point, it seems unlikely that major changes are in store for the eCommerce operator.

Visa, Mastercard draw FTC inquiry over debit card transactions

Payments Source

Visa and Mastercard are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. Debit cards Retailers Visa Mastercard FTC

Why FATF’s New Digital ID Report Will Be A Boon For Payments

PYMNTS

The timing seems about right. As a brand-new decade looms – one that promises great strides for digital payments and commerce – digital ID, already on the ascent, is getting a big seal of approval from an influential global group. The approval serves as a signal that digital ID efforts are ready to grow up in the new decade, so to speak, and also to do more heavy lifting when it comes to financial inclusion.

Report 177

Are China’s overtures to foreign payment companies a real policy shift?

Payments Source

For decades card networks and issuers outside of China have tried to enter the giant Chinese consumer payments markets, but mostly have run into walls because of shifting regulations. Payment cards Payment processing China UnionPay Visa Mastercard PayPal Ant Financial WeChat China

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Uniqlo’s Quiet Retail Robot Revolution

PYMNTS

In the life of any brand, a pivot – or even a series of pivots – is normal. Times change, tastes expand and brands that don’t evolve generally don’t survive – a lesson that any number of retailers have spent the last several years learning the hard way. And perhaps nowhere is this more true than in the world of apparel retail, where being “on trend” is particularly important – and falling behind the times can be the kiss of death.

Retail 174

Banks and payment techies benefit when they stop being rivals

Payments Source

With the help of fintechs, some of the world’s largest financial institutions have gotten ahead of the curve to implement data sharing programs, says Urjanet's Sanjoy Malik. ISO and agent APIs Digital payments Fintech

Data 106

Beyond The US, Open Banking Goes Beyond The Consumer

PYMNTS

There may not be an Open Banking mandate in the U.S., but that doesn’t mean the payments and financial services market isn’t embracing data sharing and integration. The Clearing House took a significant step toward advancing the U.S.’

US 174

Liquidity Concerns on the Horizon?

Strategically Speaking

My seven year-old son wanted a really scary costume for Halloween this year. Naturally, I suggested one of the scariest things I could think of: a liquidity crisis!

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.