Sun.May 12, 2019

GrandTech: the newest FinTech market niche

Chris Skinner

Watching the BBC, I often see reports on the elderly being ripped off, scammed and targeted by fraudsters.

WeWork Heads Toward IPO With $47B Valuation

PYMNTS

WeWork is now worth $47 billion as it gears up to go public in what could be the largest IPO of this year. WeWork is heading to the public markets at the same time as the high-profile IPOs of Uber and Lyft had appeared to disappoint.

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Things worth reading: 13th May 2019

Chris Skinner

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Uber, Lyft Struggle To Keep Drivers On Board

PYMNTS

With Uber and Lyft now publicly traded companies, the two are facing pressure from investors to grow at a fast clip, which means hiring and retaining more drivers.

Bitcoin going parabolic. ALT Season is Almost Here!

Daily Fintech

Last week our theme was “Initial Exchange Offerings: 2019 is the year of the IEO.“ Our theme for this week is “Bitcoin going parabolic. ALT Season Here”. Its been an extraordinary week. Binance was hacked for $40 million worth of cryptocurrency. Warren Buffett bashed Bitcoin and cryptocurrency.

SEC Approves New Silicon Valley Stock Exchange

PYMNTS

The U.S. Securities and Exchange Commission ( SEC ) has approved the creation of the Long-Term Stock Exchange ( LTSE ).

As CFPB mulls privatizing database, consumer complaints mount

BankThink

The Consumer Financial Protection Bureau received over a quarter-million complaints in 2018, according to analysis by an advocacy group that urged the agency to maintain public access to its database.

More Trending

New payment models are unsafe without interoperable digital ID

Payments Source

Traditional authentication practices are incapable of meeting the real-time demands, writes Frank Teruel, senior vice president and general manager of ThreatMetrix. ISO and agent Authentication Cyber security Payment fraud Payment processing Retailers

Redfin Testing Online Real Estate Bids

PYMNTS

Redfin , the real estate company based in Seattle, is rolling out a new program that enables home buyers to bid on properties via its website. According to a report in The New York Times , Redfin started testing the program in Boston and is gearing up to expand it to other parts of the country.

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Open Banking platform Tink announces partnership with Natwest

The Paypers

(The Paypers) Open Banking platform Tink and NatWest have announced a new partnership agreement that will impact NatWest’s mobile banking

China’s BAIC Aims To Acquire 5 Pct. Of Daimler

PYMNTS

BAIC Group , the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. According to a report citing three sources familiar with the matter, BAIC Group wants to buy the stake to ensure its investment in Beijing Benz Automotive is protected.

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Countingup and Hokodo partner for invoice insurance service

The Paypers

(The Paypers) Small business and freelancer banking and accounting app provider, Countingup , has forged a partnership with fintech insurance solutions startup, Hokodo

How Uber’s transit plans are taking shape in Denver

Payments Source

As fintechs race to reinvent transit payments, Uber's laying the groundwork in Denver to make sure it takes a leading position. Mobile payments Gig economy Uber

HSBC targets simplified receivables process with DART digital solution

The Paypers

(The Paypers) HSBC has announced its Digital Accounts Receivables Tool (DART) that aims to improve the supply chain, cut down on manual tasks and enhance working capital efficiency for sellers

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Banking Leaders Continue To Be Willfully Blind

The Financial Brand

Being willfully blind to consumer needs and competitive forces will lead to sub-optimal decisions that may threaten banking organizations. The post Banking Leaders Continue To Be Willfully Blind appeared first on The Financial Brand. Culture & Leadership Featured Content

SettleGo signs for ClearBank's payment access services

The Paypers

(The Paypers) ClearBank has gained SettleGo , an international e-money institution, as a customer for its banking-as-a-service offering

The Two Biggest Innovation Killers in Banking Today

The Financial Brand

Digital distractions and pressures on bank and credit union employees crush creativity at the very time it's needed most. Here's what to do. The post The Two Biggest Innovation Killers in Banking Today appeared first on The Financial Brand. Innovation Strategies

Partners Financial Has Limited-Time 9-Month CD Special, 3.00% APY

Deposit Accounts

Partners Financial Federal Credit Union (VA) is offering a 9-month CD Special earning 3.00% APY now through May 31, 2019. Minimum deposit is $10k of new money

Bank Customers Happier Using Branch+Digital Than Digital Only

The Financial Brand

Surprising findings from J.D. Power point to ways mid-size financial institutions can capitalize on strengths versus the biggest banks. The post Bank Customers Happier Using Branch+Digital Than Digital Only appeared first on The Financial Brand. Customer Experience Featured Content

The impact of NCUA’s final rule on private flood insurance

CU Insight

As late winter and early spring flooding begins its annual assault, we’re reminded once again of the catastrophic and uncontrollable nature of flooding. Nearly 75% of declared disasters in the U.S. are flood-related , and flooding is the country’s most common and expensive type of natural disaster.

PODCAST: CMO to CEO

CU Insight

Jason Lindstrom has a message for all credit union marketers who want to be CEO: He’s living proof it can be done.

Report: Cyberattacks against C-suite execs on the rise

CU Insight

A report by Verizon found that c-level executives were 12 times more likely to be the target of social incidents and nine times more likely to be targeted in social breaches. Ransomware accounted for 24 percent of reported cases.