Mon.Jan 20, 2020

The virtual banking brew in Asia

Chris Skinner

Varun Mittal, Associate Partner with EY, recently posted a couple of interesting slides about the launch of virtual banking licences to encourage challenger banks in Asia. If you’re not aware, there’s a great deal of digital banking activity across Asia.

Banking licenses an opportunity to create fintech hub in Singapore

Bank Innovation

Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets.

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Things worth reading: 21st January 2020

Chris Skinner

System 232

Can Amazon Make Waving The Future Of Payments?

PYMNTS

The rumors about hand-based payments out of Amazon have been building for the last few months.

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Increase Deposits The Easy Way and Get a 150%+ Return [Template]

Banker to Banker

When you are a banker, sometimes your workload doesn’t come in neat memos or emails. A lot of stuff just gets dropped off on your desk with notes to “Fix This” (like below) or solve that. Fortunately, a lot of these problems are easy to solve.

More Trending

A Fintech side-effect: Excessive Corporate Control by the Big Three

Daily Fintech

The growth of the ETF sector is well documented and the robo-advisory fintech growth merits a piece of this `success`. According to my estimates, last year digital investing from startups and incumbents represented roughly 12% of the entire ETF market.

Visa’s Chief Risk Officer On Securing The Commerce Ecosystem In The 2020s

PYMNTS

Futureproofing is the process of creating systems and processes resilient enough to hold their value in the face of an unknown future. It’s also about creating a mindset and a corporate culture where everyone is responsible for weighing risks against future opportunities.

Case Study: How To Win More Loan Business

Banker to Banker

We work on thousands of lending transactions every year with hundreds of community banks across the country.

Late Payments Cause Cash Flow Pain From UK To India

PYMNTS

Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem continues to worsen. According to recent reports by U.K.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

How Facebook retains users, and why it’s not the best method

Matt Wilcox Pro

As of this writing, Mark Zuckerberg isn’t budging: Facebook will still run but not fact-check political ads. Not to worry, however: it will continue suspending users for remarks and images its algorithm deems unseemly.

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Despite Papyrus’ Closing, Stationery Retail Is Not All Doom-And-Gloom

PYMNTS

Not to be cynical, but mention the world “stationery” to people these days and odds are they minds will move toward a similar word, stationary — the concept of lack of motion, as in a couch potato or a broken-down car on the side of the road.

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What’s Visa Going To Do With Plaid?

Ron Shevelin

Visa's acquisition of Plaid has produced a lot of speculation on what the deal means. Here's what's really going to happen

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Afterpay CEO: How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US

PYMNTS

Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because no one knows who is going to end up on the other side of it.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Smartphone design is the next challenge for biometrics

Payments Source

New smartphones have subtle differences that require more complex security solutions, says Fingerprints' Ted Hansson. Authentication Payment fraud Biometrics Retailers ISO and agent

Fiserv: What The 2019 Holiday Shopping Data Says About 2020 Spend

PYMNTS

’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far.

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Low Credit Score? Here’s How It Can Affect You

BankBazaar

Your Credit Score is like a deal-breaker of sorts when it comes to credit applications. Despite this, many fail to realise the importance of having and maintaining a Credit Score. On the hunt for a loan or Credit Card ?

Tools 78

Why Merchants Should Look For Payments Orchestration

PYMNTS

FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Q&A: SaSâ?? Naeem Siddiqi on ML for credit scoring

Bobsguide

With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit

DBS Introduces QR Code Product For B2B Payments 

PYMNTS

Singapore-based financial services company DBS has launched an industry-first, QR code-based solution for B2B payments and collections, the company announced on Monday (Jan.

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Ninth Circuit denies Blair rehearing petitions, setting stage for possible SCOTUS review

CFPB Monitor

On January 17, 2020, the Ninth Circuit denied the defendants’ petitions for panel and en banc rehearing in the Blair v. Rent a Center appeals, setting the stage for possible U.S. Supreme Court review of the California Supreme Court’s McGill Rule.

Banks’ Earnings Show Digital Traction Amid Buoyant Consumer Spending

PYMNTS

There are a few common themes among big bank earnings reports. The U.S. consumer is strong, and the ripple effects of strong U.S. consumer spending is carrying over to other areas where banks get their bread and butter.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Credit union-bank deals may have peaked (for now)

American Banker

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year. Community banking Credit unions M&A U.S. Texas

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Powering Smartphones With Rented Chargers

PYMNTS

Kiosks with rentable chargers are everywhere in China: more than half of the country’s restaurants, train stations, airports, and malls had power bank rental, according to one report in August.

'Getting out of the boys' ecochamber': Male allies in banking

American Banker

Doug Nielson at U.S. Bank and Jane Barratt at MX explain how men can be more supportive of their female colleagues. Women in Banking Gender issues Gender discrimination

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Considering The Surcharge Path To Commercial Card Adoption

PYMNTS

Though adoption is on the rise , commercial cards still hold only a fraction of the corporate payments market — and an even smaller share of transaction volumes in accounts payable (AP).

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.