Fri.Mar 27, 2020

An open letter to banks on SMS Authentication

Mobile Payments Today

To protect against fraud, the banking industry needs to find alternative methods for authentication beyond SMS verification

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Robinhood accused of offering snafu credits to squelch suit

Bank Innovation

Robinhood Financial Inc., facing lawsuits over crashes on its trading platform amid violent stock market swings, is now being accused of offering a “$75 goodwill credit” to dupe customers into waiving their legal rights.

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ID2020: What’s Needed For Digital Identity In 2020


Who we are, where we’re headed and what this all looks like on the “other side” of the pandemic are topics on everyone’s mind right now. So are vaccines. So is online shopping, with urgency. All of these subjects share a commonality: IDs.

Course 284

4 business challenges of COVID-19 and solutions to fight them  

Bank Innovation

While financial services companies large and small scramble to cope with the economic fallout of the coronavirus pandemic, there may be a silver lining to the gloom, according to Delos Advisors.

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!

FATF Updated List of Jurisdictions with AML/CFT Deficiencies


Key Takeaways Albania, Barbados, Nicaragua among the countries added to the FATF watchlist. Trinidad and Tobago is removed from the FATF list. Iran and the DPRK are kept on the watchlist.

More Trending

Abrigo Poll: Bankers Expecting a Recession for at Least 2 Quarters; Troubled Debt and Liquidity Top List of Concerns


Key Takeaways Three out of four bankers expect a recession will last at least two quarters Economic uncertainty has shifted questions regarding estimating the allowance for credit losses under CECL Managing troubled loans and liquidity top bankers' list of concerns.

Course 195

Umpqua’s Go-To sees usage spike as customers avoid branches 

Bank Innovation

Portland-based Umpqua Bank, which has almost $29 billion in assets, is seeing a significant spike in volume on its Go-To app, a digital tool that allows customers to message a banker of their choice.

Walmart Enacts No-Touch Protocols


Walmart is enacting no-touch procedures so that customers can shop more safely during the coronavirus outbreak, according to a report by USA Today.

Challenger banks pose a distinct security challenge

Payments Source

Digital payment firms and fintechs are nimble and responsive, but that also creates web supply chain attack risk, says Jscrambler's Rui Ribeiro. Risk Fintech Payment fraud Digital payments B-to-B payments ISO and agent Payment processing

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.

Lyft Directs Drivers To Pursue Amazon Positions As Rides Decline


While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries.

Coronavirus' effect on small merchants tests the limits of fintech lending

Payments Source

The U.S. government will shortly funnel trillions of dollars into the economy to soften the coronavirus’ impact on a variety of industries and small businesses. Payment companies that are also lenders will soon find out if it’s enough to save the market. Fintech Alternative lending Point-of-sale Retailers Coronavirus

Why Digital Identity Needs A New Normal – Now


Although every business wants to “future-proof,” actually doing it is much, much harder. As the first quarter of 2020 has been kind enough to demonstrate on a global scale, the future is an unpredictable place.

This Week in Fintech ending 27 March 2020

Daily Fintech

This weekly summary from our 5 experts, brings you insights based on their experience as investors, entrepreneurs & executives. Ilias Hatzis started his first company, an internet search engine, during the dot-com era & now focusses on crypto.

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.

5G Rollout Gets Further Legislative Push


The flurry of legislative action was not limited to stimulus bills. As of this writing, the House of Representatives is poised to take up a $2 trillion plan to help individuals, families and businesses hurt by the economic fallout tied to COVID-19.

Operating at Your Best While Preparing for the Worst

Strategically Speaking

To say that we live in uncertain times is a dramatic understatement. Political uncertainty, the threat of new tariffs, and the coronavirus pandemic have all contributed to a highly volatile outlook.

How COVID-19 Has Changed The Residential Cleaning Business


Cleanliness is on everyone’s minds these days, particularly as so many of us are working from home, learning from home, or quarantined at home as COVID-19, the disease caused by the coronavirus , continues to wend its way through the U.S.

COVID-19 prompts Diebold Nixdorf to update business outlook

ATM Marketplace

Diebold Nixdorf, a support and maintenance company for ATM and retail checkout networks, updates its business outlook due to COVID-19

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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.

Visa Postpones Rollout Of New Fee Structure


Visa has delayed the introduction of a new fee structure due to the coronavirus scare, according to a report. The new fee structure, which had been in planning for some time, would raise some credit card transactions for a number of merchants and lower it for others.

Bulgarian VC invests in local fintechs

Payments Source

New Vision 3, a Bulgarian venture capital firm backed in part by European Union grants to encourage SMB innovation, has announced it's dividing a $2.7 million investment among three Bulgarian fintech firms. Fintech Bulgaria Venture funding Venture capital

Shipping And Logistics: An Industry Jolted Into Digitization


The coronavirus has turned entire industries on their heads, not least of all the shipping and logistics sector. Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains.

Travelex closes all U.K. offices due to coronavirus fears

Payments Source

The coronavirus pandemic has forced foreign exchange money agent Travelex to close all of its U.K. offices for the next eight weeks. Coronavirus


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!

Deep Dive: Why New Hacking Technology Has Made Application Fraud More Difficult To Fight


The financial industry is particularly vulnerable to digital fraud. Untold trillions of dollars cycle between financial institutions (FIs) and customers around the world every day, and bad actors are eager to snatch some of those funds for themselves.

Why Moven, one of the first challenger banks, is calling it quits

American Banker

Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks. Digital banking Fintech Moven

Authentication: The Real Deal For Digital And Mobile App Banking


René Descartes said, in so many words, “I think, therefore I am.” Popeye said, in these exact words, “I yam what I yam.” The point is that people (even cartoon people) prefer to define themselves.

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Popular Bank’s Commitment to Branch Health and Safety


Your health and safety are our top priority during this time. As we continue to navigate the ongoing situation surrounding coronavirus/COVID-19, we remain committed to acting in the best interest of you – our team members and communities.

Data-Driven Marketing 101

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