Sun.May 02, 2021

Andreessen Horowitz Considers $1 Billion Crypto Investment Fund

PYMNTS

Andreessen Horowitz , one of the highest-profile Silicon Valley venture capital firms, will be looking at a new investment fund for investing in cryptocurrency, which could go up to $1 billion, the Financial Times (FT) reported.

NFC or QR codes? Both have a path forward in mobile payments

Payments Source

Contactless payments NFC Mobile payments Merchant

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PrimePay Buys SyncHR To Boost Payroll Services

PYMNTS

PrimePay , a human capital management, payroll and benefits services company, has acquired SyncHR , an all-in-one HR and payroll company, a press release stated on Friday (April 30).

Ethereum – Ride the next rocket

Daily Fintech

The cryptocurrency market ended the week with a total market capitalization of $2.23 trillion. After one of its worst periods in 2021, this week ended with gains across the board (Bitcoin +14%, Ethereum setting a new ATH, XRP +52% and Binance Coin +28%).

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Economists Revise US, Eurozone Forecasts Upward

PYMNTS

Large economic powers like the U.S. and Europe have good-sized chances at recovering lost ground from the pandemic by the end of 2021, the Financial Times reported on Sunday (May 2). Citing data from various economists — including the effects of President Joe Biden's $1.9

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US Household Income Spikes 21.1 Pct In March

PYMNTS

Big news in the U.S. last week as figures from the Census Bureau and Treasury Department pointed to an economic recovery gaining momentum as the U.S. consumers have been receiving their latest and largest stimulus checks to date over the last several weeks. household incomes were up 21.1

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A ‘turnover tsunami’ is coming. Will banks be ready for it?

American Banker

Human Resources Commercial banking

Teampay Links Spend Management With SVB Business Card

PYMNTS

Spend management services provider Teampay announced its platform will work with Silicon Valley Bank ’s (SVB’s) Innovators Card , the companies announced in a press release.

Internal Data Provides Key to Improved Customer Experiences

The Financial Brand

First-party internal data can help banks and credit unions differentiate their brands and multiply their revenues. The post Internal Data Provides Key to Improved Customer Experiences appeared first on The Financial Brand.

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!

Foot Traffic In Clothing Stores Approaches Pre-Pandemic Levels

PYMNTS

Apparel stores are seeing more demand now as people start to go out more often, The Wall Street Journal reported on Sunday (May 2). The demand comes at the junction of numerous events, including more social events opening up, vaccines expanding in the U.S.

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7 Operations Weak Spots That Hamstring Banks’ Digital Progress

The Financial Brand

To keep up with what’s happening on the outside with technology and consumers, banks and credit unions must rethink what’s happening inside. The post 7 Operations Weak Spots That Hamstring Banks’ Digital Progress appeared first on The Financial Brand.

Germany's BaFin Orders Deutsche Bank To Increase AML Safeguards

PYMNTS

Germany’s Federal Financial Supervisory Authority ( BaFin ), the country’s central financial regulator, has ordered Deutsche Bank to toughen its anti-money laundering (AML) controls, the agency said in an announcement.

Mitigating The Risks of Branch Closures’ Impact on Attrition

The Financial Brand

The best way to slow inevitable attrition is to provide viable alternative channels like ATMs, ITMs, online and mobile long before cutting. The post Mitigating The Risks of Branch Closures’ Impact on Attrition appeared first on The Financial Brand. Branch Strategies ATM digital ITM mobile

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

High-Speed Traders Pay Robinhood $331 Million In Q1 To Execute Trades

PYMNTS

Robinhood has seen over $331 million in revenue for the first quarter of this year from investors looking to get their trades executed, boosted by the frenzy of trading from early 2021, The Wall Street Journal (WSJ) reported.

Tesco To Offer Sustainability-Linked Supply Chain Financing

PYMNTS

Tesco will become the first U.K. retailer to offer sustainability-linked supply chain finance to its supply base, a press release announced on Friday (April 30). The move aims to engender more suppliers to sign up for emissions reduction targets.

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Alviere, Currencycloud Team On B2B eWallet For X-Border Payments

PYMNTS

Embedded finance platform provider Alviere and cross-border finance specialist Currencycloud are collaborating on what they called in press release a “multicurrency cross-border embedded finance solution.”.

Bitcoin Daily: Turkey Adds Crypto Platforms To AML, Terrorism Rules; Berkshire Hathaway's Munger Says Bitcoin 'Is Disgusting'

PYMNTS

Turkey has added cryptocurrency trading platforms to its list of firms covered by anti-money laundering (AML) and terrorism financing regulation, Reuters reported.

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.

Bain Capital Amasses $11.8 Billion For North America Buyout Fund

PYMNTS

Private equity powerhouse Bain Capital has raised $11.8 billion for a new fund, Reuters first reported. The target for the fund, according to published reports, was $9 billion.

California Court Rules Amazon Liable For Product Safety

PYMNTS

A California appeals court ruled that Amazon is a retailer responsible for the products it sells, rejecting the eCommerce giant’s claim that it’s a middleman connecting buyers and sellers, the Los Angeles Times reported.

Report: Stock Prices For SPACs Down 39 Pct

PYMNTS

Shares of special-purpose acquisition companies (SPACs) have fallen out of favor a bit since their all-time highs, the Financial Times reported on Sunday (May 2). The values of the shares have fallen by an average of nearly 40 percent since their highs.

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Warren Buffett: Robinhood Part Of 'Casino' Side Of Stock Market

PYMNTS

In Warren Buffett’s opinion, there’s a new streak of gambling-esque activity going on with the stock market, which he said is fueled by apps like Robinhood , CNBC reported.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.