Mon.Apr 06, 2020

How JPMorgan Chase, BBVA, ING, DBS and CMB are doing digital

Chris Skinner

Today is the day that Doing Digital, my newest book, is finally live on Amazon and all good book stores. It’s the result of two years primary and secondary research and, to pay it its due, has been featured in many interviews with me recently.

Wells Fargo says Fed cap is limiting small-business relief

Bank Innovation

Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth. The company has capacity to lend $10 billion to small-business clients under the $349 billion U.S.

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Things worth reading: 7th April 2020

Chris Skinner

Things we’re reading today include … How is your bank helping customers impacted by the Coronavirus pandemic? Allstate to return $600 million in auto premiums as coronavirus cuts driving Fed says it will provide financing against new U.S.

US 257

Banking app Dave ‘on the hunt’ for remote work opportunities

Bank Innovation

Banking platform Dave is increasing its integrations with remote work employers as the coronavirus pandemic keeps consumers home, resulting in a hard-hit gig economy and freelance workforce.

Survey 232

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!

New Data: 95 Pct. Of Consumers Don’t Use Mobile Wallets For In-Store Purchases

PYMNTS

Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out.

Mobile 254

More Trending

9 Vital Tips For Banks To Improve PPP Performance

Banker to Banker

We have often characterized banks as being “manufacturers of credit.” Like any manufacturing process, banks need to produce a product, in our case loans, to meet the customer’s demand.

Chase virtual sessions up 5x since COVID-19 outbreak 

Bank Innovation

JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon, is nearly five times the usual number of such sessions as before the COVID-19 crisis. “We

Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment

PYMNTS

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying or limiting access to the Paycheck Protection Program (PPP) to its depository clients and other small firms, according to a press release.

Coronavirus is hurting payment earnings, but digital will ease future pain

Payments Source

It was less than three months ago, though it seems like a lifetime. Mastercard CEO Ajay Banga welcomed progress in the trade dispute between the U.S. and China, but with caveat. The good news wouldn't last if the coronavirus became a pandemic.

US 149

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.

How Visa And The US Secret Service Are Flattening The COVID-19 Fraud Curve

PYMNTS

Fraudsters don’t get furloughs, they aren’t much for vacationing, and they certainly aren’t above taking advantage of a bad situation. In fact, taking advantage and exploiting others’ misfortune for personal gain is more or less the job description of the average fraudster.

Fraud 236

How coronavirus is eliminating chokepoints in supplier payments

Payments Source

The coronavirus pandemic is likely to force a great leap forward in the fight to crush paper checks, which still account for about half of B2B payments, by moving more invoice payments online. Digital payments B-to-B payments Coronavirus Payment processing

Online 122

Is Amazon Missing Its Time To Shine?

PYMNTS

It would not be fair to expect any firm anywhere on the planet to have been ready for the coronavirus pandemic. For all the many disagreements that might exist out there, there is nearly a universal consensus that no one saw this coming or really could have.

Ransomware Is Alive and Well: 6 Questions You Need to Ask About Your Data Recovery Plans

Strategically Speaking

We recognize this is an unprecedented time for you, your family, and your community as well as for your business and employees.

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.

Arvind Krishna Takes Over As IBM CEO

PYMNTS

In an important moment for IBM – and not only because of COVID-19 – Arvind Krishna has taken over the helm of CEO for the technology company. Krishna will depend on tools such as Slack, a webcast and emails to deliver the message that the firm has endured difficult times in the past, CNBC reported.

[Guide] The Impact of 5G in Banking

Perficient Financial Servies

Digital transformation in the financial services industry is about what banks can, and should, be doing to plan and prepare for the future.

Video 114

Financial Crisis Spurs New Way To Pay For A New Generation

PYMNTS

eBook 211

Amid coronavirus pandemic, B2B invoice exchange beefs up financing

Payments Source

As governments rush to provide financial lifelines to small and midsize enterprises, fintechs such as Crowdz offering automated B2B lending, credit scoring and invoicing platforms are playing a new role

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.

Allstate Refunds $600M In Premiums While Customers #StayatHome

PYMNTS

Insurance provider Allstate is providing over $600 million in relief to auto insurance policyholders over the next few months as the coronavirus pandemic continues.

Breaking Banks, Silos, or Networks: which is harder?

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. In innovation, we frequently talk about `Breaking Silos`, one of my favorite cross-disciplinary topics.

Wells Fargo Shifts Gears To Extend Small Business $10B In Relief Loans

PYMNTS

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10 billion to nonprofits and businesses with fewer than 50 employees.

Cash vs. cashless debate must find a middle ground

Payments Source

Cash and digital payments don’t have to be mutually exclusive; this is not a zero-sum game as the two payment options can exist together, says PPRO's Steve Villegas. Digital payments ISO and agent Merchant Cash Mobile wallets

Mobile 101

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!

Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. And eCommerce success is dependent upon shipping. Therein lies a serious problem.

Fintechs, small banks do their part in coronavirus fight despite risks

Payments Source

Leaders like Chris Britt at Chime, Brett King at Moven and Jill Castilla at Citizens Bank of Edmond are getting inventive as they try to help those hurt economically by the pandemic. Digital banking Moven Jill Castilla Coronavirus CHIME

ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry

PYMNTS

It is not an easy time to be in the fitness business at present as gyms, fitness studios and wellness providers nationwide have been forced to close their doors and temporarily shut down service while the whole world rides out the coronavirus pandemic.

Fed moves will boost payments' digital migration

Payments Source

The Fed plans to make its National Settlement System (NSS) more available. This will help Nacha broaden its settlement capabilities to new regions, writes Icon Solutions' Gene Neyer. Federal Reserve Digital payments Faster payments NACHA ISO and agent Payment processing

Data-Driven Marketing 101

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