Thu.Oct 03, 2019

How UK FinTech took over the world

Chris Skinner

In case you missed it 11FS, as well as doing podcasts, have made a movie. The movie is all about the 11 years since the financial crisis hit and how the conditions led to the rise of FinTech and, specifically, UK FinTech.

CIBC, First Citrus, Bridgeable discuss digital transformation

Mobile Payments Today

Legacy banks are struggling to transform their brick-and-mortar ecosystems to fit into an increasingly digital world. How do they do it? And more importantly, how do they do it without alienating customers who are used to one-on-one interactions

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Digital and human: Inside BofA’s small business strategy

Bank Innovation

Digital-only lenders tout the speed and efficiency of their user experiences. However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach. It’s a strategy that’s yielding results for the bank.

Things worth reading: 4th October 2019

Chris Skinner

Taxes 256

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!

Movencorp patents its personal finance technology

Bank Innovation

The road to differentiation among fintech startups entered a new phase this week: patenting technology to put a brand’s stamp on it forever. On Tuesday, personal finance technology startup Movencorp confirmed that it patented its digital financial wellness product.

More Trending

Vanguard to challenge banks’ grip on $6 trillion currency market

Bank Innovation

Having revolutionized the business of buying stocks, Vanguard Group is now coming for currencies. The investing pioneer obsessed with lowering costs is testing a new way for asset managers to trade currencies and avoid big investment banks, according to a person familiar with the matter.

Deep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud

PYMNTS

Many FIs and merchants that have fallen victim to fraud traditionally respond by assessing the damage, pinpointing how the attack succeeded and implementing new measures to prevent similar schemes from happening again.

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Brex moves beyond corporate cards with Brex Cash

Bank Innovation

Brex is moving beyond corporate cards for startups. The San Francisco-based startup, which is valued at $2.6 billion, launched a cash account on Thursday as an ecosystem play and a source of data to improve underwriting.

Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent

PYMNTS

The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided. The fraud and security teams have to get it right 100 percent of the time to maintain their position of trust across the financial services ecosystem.

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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.

Visa, Mastercard seek out blockchain's role in cross-border payments

Payments Source

The card networks are taking blockchain seriously as a means of streamlining cross-border B2B payments. But while they share a vision, they are taking different paths to this goal. Visa has opted for a closed network that it controls, while Mastercard envisages a wider, more open ecosystem.

Vendors Can Now Use Square For CBD Sales

PYMNTS

Square has announced that it’s launching a CBD early access program , which will allow vendors in the United States to sell CBD products using Square. CBD, short for cannabidiol, is a chemical compound from the cannabis plant without the THC.

Corda powered SWIFT GPI Link could be a game-changer in global trade finance

Daily Fintech

In September, SWIFT – the inter-bank messaging firm, announced the successful proof of concept (PoC) of the “GPI Link” platform in collaboration with R3. The SWIFT Global Payments Innovation (GPI) platform has previously trialled Hyperledger without much luck.

PayPal Is A No-Show At Libra Association Meeting

PYMNTS

Facebook’s proposed cryptocurrency Libra has had its fair share of scrutiny and regulatory issues, and now the Financial Times is reporting that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition.

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.

Why Experian's joining the government’s Social Security verification test

Payments Source

Seeking relief from rising synthetic fraud, U.S. companies next year will be able to quickly verify whether Social Security numbers match other consumer data in government files, in a bid to thwart fraudsters from creating fake identities with stolen information and SSNs.

Trade Finance Gets Boost Via Banks, APIs

PYMNTS

Application program interfaces (APIs) are helping to speed Open Banking — and, by extension, bringing trade finance into the digital age. To that end, HSBC said last week that it is deploying an API designed to promote bank collaboration, with a focus on trade finance.

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Samsung Pay adds cross-border transfers, prepaid Mastercard to its app

Payments Source

Samsung Pay users can use the app to send funds across borders to recipients with a bank account through a new service powered by Travelex. Mobile payments Cross border payments Prepaid cards Mastercard Samsung

Brex Launches Brex Cash As Bank Accounts Replacement

PYMNTS

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. Even before customers think about credit cards, they need a place to store their business capital.

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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.

Payoneer turns to B2B to reach an emerging gig economy niche

Payments Source

Payoneer found its niche providing technology for Amazon, Google and Facebook to deliver mass payouts to independent contractors, but the company has added options for small U.S. businesses to send payments to vendors and suppliers globally.

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TaxCloud Announces New Stripe Integration

PYMNTS

TaxCloud has announced the launch of a new integration with Stripe. The move means that users of Stripe’s payments platform can now connect to TaxCloud to manage their U.S. sales tax obligations via the company’s sales tax application programming interface (API).

Coinbase resumes U.K. fast payments after breaking with Barclays

Payments Source

cryptocurrency exchange Coinbase Inc. has a new banking partner in Britain that will provide real-time payments for customers, three months after losing the service when it broke with Barclays Plc. Cryptocurrencies Digital banking Payment processing

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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

Uber is rolling out a new app called Uber Works that will help people looking for shift work connect with companies looking to hire temps, Reuters reported on Thursday (Oct. The app is being tested in Chicago and will show available shifts companies are looking to fill with temporary workers.

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!

Older, custom transit technology puts the brakes on payments innovation

Payments Source

Transit systems want to use contactless and open payment systems to address ridership declines, an innovative strategy that nonetheless is riddled with pain points due to how transit has traditionally modernized. Contactless payments Payment cards Payment processing FIME New York Taiwan

Dama Financial Collabs On Cannabis B2B eCommerce Platform

PYMNTS

Dama Financial, a financial services provider that collaborates with banks to provide services to the legal cannabis industry, is collaborating with Helix TCS on a B2B eCommerce platform for the marijuana sector. The companies announced in a press release Wednesday (Oct.

Today, cyber resilience isn’t an option. It’s an imperative.

Accenture

In leading our Banking practice in the UK and Ireland, I’ve become well acquainted with the risks that keep bank CEOs awake at night. One of the biggest of these is cybersecurity—which is why I’ve decided to make it the focus of this latest blog. It isn’t hard to see why it’s such a major concern. Today’s banking industry has a combination of increasingly digitised services and a fast-evolving cyberthreat landscape.

For Better Banking, Is Consumer Control Actually Key?

PYMNTS

Consumers want control — everybody seems to know that. But what you probably don’t know is that consumers want the type of financial services control that could potentially reduce their risk for fraud and leave them responsible for more authentication tasks, according to fresh PYMNTS research.

Data-Driven Marketing 101

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