Mon.Nov 16, 2020

Why ISO 20022 is a seismic shift for payments


There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description. Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities.

Navigating a Challenging eCommerce and QSR Payments Environment

Mobile Payments Today

More than ever, merchants need an alternative to the card networks to meet the needs of an evolving customer base. Today’s consumers have embraced a “mobile-first” payments philosophy, and are looking to pay in a fast, simple, and secure way

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Emerging tech in equipment finance: Hype or reality?


When it comes to whether emerging technologies like artificial intelligence (AI) and blockchain are practical for equipment finance, it depends on the application. That was the key takeaway from the recent ELFA 2020 Business Live!

Brazil Upgrades Real Time Payments Rails, Goes Live With PIX


Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Managing CRE Risk - What Will Happen to Office Space?

Banker to Banker

Office lending for banks has been one of the better-performing sectors of commercial real estate (CRE) for banks for some time. Even during the pandemic, the credit on office loans is doing surprisingly well. The question arises, what happens in the future? Will it be business as usual post-pandemic?

More Trending

Why Its Time For A Hedge Program At Your Bank

Banker to Banker

Between low-interest rates, the concerning rise in COVID-19 cases, and tough competition for quality commercial loans, community banking is a tough business.

Bitcoin Daily: Citibank Analyst Says Bitcoin Will Hit $318K; Pakistan SEC Exploring Digital Asset Regulation; Binance Discontinues BGBP Stablecoin


A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov.

Truist hires JPMorgan’s Sal Karakaplan to head new Enterprise Payments Group

Payments Source

Truist Financial Corp. has hired Sal Karakaplan to head its newly formed Enterprise Payments Group, which will be responsible for driving and executing a coordinated strategy across Truist’s various payments businesses. Payments Truist Financial

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Credit Suisse, Bird Rides In Talks To IPO Via SPACs


Scooter rental startup Bird is working on a deal with Credit Suisse Group to go public, according to a report from Bloomberg.

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 to Make Sure Your Disaster Recovery Plan Is Effective

Strategically Speaking

I really enjoy writing. So, when the opportunity to put down some words of wisdom presented itself, I jumped at the chance. But, what to write about? Let’s start with a simple question: What is the state of your financial institution’s (FI’s) mental health? Banking

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COVID Crisis: What Happens If Most People Don’t Get The Vaccine?


On the same day that COVID-19 cases in the U.S. topped 10 million and hit 50.5 million globally, the world got news that Pfizer and BioNTech had successfully completed Phase 3 trials of a COVID-19 vaccine on 43,000 people — and achieved an astounding 90 percent effectiveness rate.

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Reflections on core banking infrastructure as a moat

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. I admit that Twitter is an energy vampire.

Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It


Here’s the scenario. Consumers have cut back on travel, in-person entertainment and restaurant spend. They have paid down their credit cards.

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The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Nexi acquisitions aim to ward off U.S. payment giants coming to Europe

Payments Source

Italian technology firm Nexi has dedicated about $15 billion over the past two months to shore up its position in the European payment processing market, a local burst of consolidation that exists inside a larger wave of similar mergers globally. Italy Fintech M&A Payment processing Europe

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European Central Bank To Launch Probe Of 10-Hour Payments System Outage


The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release.

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Cross border payments part 4: opening the door to adjacent markets

Daily Fintech

The cross border payments market is big. As per McKinsey, global payments revenues were $1.9 trillion in 2018, a big part of most bank’s transaction banking revenues. What happens when cross border payments moves to free?

Facebook’s WhatsApp Gets Another Shot At P2P In Brazil As Google Shows Interest


WhatsApp is getting another crack at grabbing a slice of Brazil’s fast-growing payments market.

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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.

Taking stock of the Bond market

Matt Wilcox Pro

Is delaying the new Bond film’s release an economic predictor? Eon Productions has once again delayed the release of the newest Bond film, No Time to Die. First the film was going to hit theaters earlier this year in April. Then it was going to debut at Christmastime.

Mastercard’s Vosburg Sees Consumer Spending Changes


Craig Vosburg , Mastercard ’s president of North America, said at a conference Monday (Nov. 16) that the company is seeing new consumer spending trends as a result of the pandemic.

Hiring Directors, Halting Bias: Ideas for Improving Diversity

ABA Community Banking

Does your bank board mirror your market? Mounting pressure for banks to better reflect their communities is prompting banks to rethink director recruitment. The post Hiring Directors, Halting Bias: Ideas for Improving Diversity appeared first on ABA Banking Journal.

Shogun Brings Big Retail Tech To Digital-First Retailers


Don’t read too much into the name. Yes, a Shogun was a feudal lord in 16th century Japan who commanded rival military units. It is also the title of an epic 1,200-page novel by James Clavell, which has sold more than 12 million copies so far.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Uber, Ebanx connect to instant PIX payments in Brazil

Payments Source

With Brazil's Central Bank launching the PIX instant payments network Monday, Uber and Ebanx quickly announced they are expanding their partnership to enable Brazilians to make instant payments through PIX for Uber rides and Uber Eats orders. Real-time payments Brazil Uber Faster payments

Japan’s Rakuten Introduces Retail Tool For Digital Transformation


Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores.

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DOJ clears Mastercard to buy Finicity

Payments Source

Mastercard says it has been notified the Department of Justice has approved its planned acquisition of data aggregator Finicity, putting the card brand on track to close the deal before the end of the year. Fintech Online payments Digital payments M&A Mastercard Credit cards APIs

Amazon, Cano Illustrate Growing Need For Senior Healthcare Creates Opportunity For Innovation


There are currently 73 million baby boomers in the United States, more than half of whom have already passed their 65th birthday. In 10 years, by the end of the year 2030, the entire generational cohort will be older than 65, with the oldest members in or entering their early 80s.

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.