Wed.Nov 27, 2019

Crypto and banking are one and the same

Chris Skinner

People were surprised to see a headline that garnered much market shock: Markets Crash after reports that Binances Shangai Office Closed in Crypto Crackdown Argh. Crypto meltdown!

France’s Central Bank Latest To Ponder A Digital Currency

PYMNTS

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! Finance.

Things worth reading: 28th November 2019

Chris Skinner

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

Weekly Wrap: MoneyLion prepares for growth, as fintechs focus on holiday promotions

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 29, 2019.

Large Corporates Find Value In Bank-FinTech Connectivity Too

PYMNTS

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking.

Innovate from the customer backwards- but caveat innovator!

Daily Fintech

image The insurance industry is in large part past the hysteria of disruption, innovation and entrants solving the issues of the insurance world, and is moving into the stage of implementation, collaboration and iteration.

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Neobanks help innovate payments, but there's also a security risk

Payments Source

Technology development speed has improved for challenger banks, but there are safety challenges from JavaScript, says Jscrambler's Rui Ribeiro. ISO and agent Fintech Digital payments Payment processing Banking Apple Google

Ant Financial Ramps Up SEA Capital With $1B Fund

PYMNTS

China’s Alibaba affiliate Ant Financial is drumming up $1 billion to fund startups in Southeast Asia and India, Bloomberg reported on Tuesday (Nov. 26) citing a source.

At $4 billion, did PayPal overpay for Honey?

Payments Source

With only 17 million users, compared to PayPal’s 300 million, Honey seems minuscule. But this is PayPal's largest acquisition ever by price, and it far eclipses the $800 million PayPal spent in 2013 for Braintree, which owned Venmo.

Taking On Sharing Economy Trust, Luxury Retail Evolution With Innovation

PYMNTS

Sharing economy platforms have become a force to be reckoned with, as a sizeable number of consumers use them to make their lives easier. The segment, however, attracts scammers – but technology is becoming better at detecting fraud.

Morning Brief 11.27.19: Alexa offers medication via voice refills

Payments Source

Apple Pay raises funds to fight AIDS; Amex expands dining reservations; and other information you need to start your day, from PaymentsSource and around the web. Briefing

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Silicon Valley Braces As VCs Pump The Brakes

PYMNTS

Profits are being pushed over progress as Silicon Valley investors start reeling in the billions that startups have come to expect, The Wall Street Journal (WSJ) reported on Tuesday (Nov. 26). “We’ve

Investors in China can't wait to finally own Alibaba shares

Payments Source

Most mainland investors can still only watch gains in Alibaba Group Holding Ltd., as China’s most valuable listed company extends increases after its Hong Kong stock exchange debut. Retailers Digital payments Alibaba China

Deep Dive: Realizing AP Automation’s ROI

PYMNTS

Consumer payments have increasingly shifted toward digital methods, but accounts payable (AP) departments and B2B payment processes have remained dependent on cumbersome, paper-based practices.

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A Step-By-Step Guide To Making Your First P2P Investment

BankBazaar

If you’re mulling over making your first P2P investment, here’s a step-by-step guide on how to go about it. Today, there’s no realm in our life that’s been left untouched by technology. In fact, it wouldn’t be too presumptuous to say that there isn’t a problem today that technology can’t solve.

Why The Death Of The ISO Is Greatly Exaggerated

PYMNTS

For at least the last 15 years, it seems there has always been someone ready to write a eulogy for independent sales organizations (ISOs).

Credit Scoring for Small Businesses: A love-hate relationship

Strategically Speaking

I have a love-hate relationship with credit scoring for small business clients. Having started my career in banking, where we moved from traditional underwriting to credit scoring, I have seen both the good and bad of scoring models.

What The UAE Is Teaching Global FinTechs About SMB Banking

PYMNTS

It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized businesses (SMBs).

Early TBT: Grateful Act of Congress

Matt Wilcox Pro

This post originally ran on November 20, 2017 THE FOURTH THURSDAY of November is a legal holiday in the United States. Designated as a national day of thanks, it is named, appropriately enough, Thanksgiving. Observing Thanksgiving in autumn has been around since the early 17th century.

How Ticketmaster Uses AI To Sort Fans From Fraudsters

PYMNTS

The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods.

FinTechs for Sustainable Finance: Trends and Opportunities

Let's Talk Payments

The concept of sustainable finance broadly encompasses all those financial activities and initiatives that are directed towards achieving social, environmental and economic sustainability, in addition Read more

Consumers Drive Q3 US Economic Growth

PYMNTS

October saw a rise in consumer spending, according to a report by Reuters. The news organization is reporting that the economy will most likely continue to grow in Q4 of the year. Consumer spending accounts for upwards of 66 percent of U.S. economic activity, and it went up 0.3

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Client Note: Wells Fargo Looks To BaaS, A $26B Acquisition, Paytm’s $1B Raise, And More

CB Insights

Fintech. Charles Schwab acquires TD Ameritrade for $26B. Stock brokerage firm Charles Schwab is set to acquire rival TD Ameritrade in a $26B all-stock deal. Want the full post? Become a CB Insights customer. If you’re already a customer, log in here. The post Client Note: Wells Fargo Looks To BaaS, A $26B Acquisition, Paytm’s $1B Raise, And More appeared first on CB Insights Research. Client Note Core Intelligence

eWallets Don’t Make Money, Says Mandiri Capital Chief

PYMNTS

The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports.

Happy Thanksgiving From image.works!

Image Works Direct

Here at image.works, we have a lot to be thankful for. This year, we celebrated one full year at our new building, welcomed new employees, connected with clients near and far and so much more

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Musk’s Tweet Implies Tesla Took In 250K Cybertruck Pre-Orders

PYMNTS

Elon Musk, the chief executive of Tesla , reportedly suggested that his firm had taken in 250,000 pre-orders for its “Blade Runner”-inspired electric Cybertruck pickup truck.

Getting retailers ready for the most wonderful time of the year

NCR

London Cements Uber Ban Over Fake Identities

PYMNTS

Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market — and now has three weeks to appeal, according to a Monday (Nov. 25) statement from Transport for London (TfL). .

Financial Crime Compliance Predictions 2020: More AI and Robots

FICO

Behind the headlines on financial crime compliance are big challenges. Criminals are getting more and more sophisticated. Rapid payments, instant payments, PSD2 have been vehicles to further misuse the financial system for laundering money and harming banks, their customers and the economy worldwide.

When Subscription Boxes Help Coaches Step Up To The Training Plate

PYMNTS

Coach Crates CEO and Founder David Wodzisz’s experience in baseball has been both on and off the plate.

Big Bank Marketers Obsess Over Grabbing Dwindling Audience Attention

The Financial Brand

Top marketers at Citigroup, Bank of America and Chase discuss effective and attention-holding content marketing for financial institutions. The post Big Bank Marketers Obsess Over Grabbing Dwindling Audience Attention appeared first on The Financial Brand. Marketing Strategy

Police Raid Prompts Pope To Appoint New Vatican Financial Head

PYMNTS

On the heels of a Vatican banking scandal and subsequent police raid, Pope Francis appointed senior Bank of Italy official Carmelo Barbagallo, 63, to head the Vatican’s Financial Information Authority (AIF), Reuters reported on Wednesday (Nov.

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Big Bank Marketers Obsess Over Making Content Marketing Heard

The Financial Brand

Brand leaders at Citigroup, Bank of America and Chase reveal what works and what flops in content marketing as attention spans evaporate. The post Big Bank Marketers Obsess Over Making Content Marketing Heard appeared first on The Financial Brand. Marketing Strategy

Brazil’s Magalu Platform Allows For Product Pickups At Sellers’ Stores

PYMNTS

Technology company Linx has partnered with digital retail platform Magazine Luiza (Magalu) for a new delivery option for customers in Brazil, according to a press release. Now, sellers on the marketplace can use physical stores as pickup points for items.

Funding Circle Broadens Loan Choice For SMBs

PYMNTS

Online small business lending platform Funding Circle is launching a new feature for U.S. small businesses to be able to choose from three approved loan options. Dubbed Small Business Choice, the new offering from Funding Circle U.S.

Apple Adheres To Russia Demands Of Crimea Label On iPhone Apps

PYMNTS

Apple will adhere to Russia’s demands that the technology conglomerate change the way the Crimean peninsula is displayed on Apple’s Weather and Maps apps, according to BBC reports.

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