Fri.Sep 10, 2021

BIS Official Urges Central Banks to Adopt Digital Currency


The head of the Bank for International Settlements’ Innovation Hub has a message for the world’s central banks: get on the digital currency train or get left behind. According to Reuters, Benoit Coeure, a former European Central Bank official, made the remarks Friday (Sept.

Remembering 9/11 – A Pivotal Day for BSA/AML Professionals


September 11, 2001 will stay with Americans forever. This day was a pivotal point for all Americans, especially BSA officers and FinCrime professionals. Would you like other articles like this in your inbox?


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Deep Dive: How Merchants Can Reduce the Risk of False Positives Through AI and ML


The risk of digital fraud is difficult to overstate for merchants of all sizes, especially as digital engagement continues to grow and open more doors to fraudulent activity. eCommerce fraud losses are expected to top $20 billion this year alone, up from $17.5

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This Week in Fintech ending 10 September 2021

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

New Data Regime to Position UK as Science and Tech Superpower


In a statement released Thursday (Sept. 9), the U.K. government said it has launched new reforms to boost innovation, promote economic growth and strengthen public data protection.

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More Trending

Sotheby’s Buy Now Feature Fills Need for ‘Instant Gratification’


When COVID-19 caused the physical world to shut down and forced all commerce to be conducted digitally, multinational auction house Sotheby’s saw a 600% increase in the value of online auctions, a “radical shift” in the company’s business, according to Josh Pullan , managing director of Sotheby’s global luxury division.

Webinar tackles non-traditional branch strategies

ATM Marketplace

How do banks keep up with changing customer expectations and a tougher landscape? A webinar hosted on ATM Marketplace and sponsored by NCR Corp. entitled "Non-traditional branches: A new approach for a changing world" addressed how non-traditional branches can make a big impact

Grubhub, DoorDash, Uber Eats File Suit Against NYC Over Fee Cap Law


The three largest food delivery platforms filed a lawsuit against New York City seeking an injunction that would stop the city from enforcing commission caps, the Wall Street Journal and others reported on Friday (Sept.

With loyalty app, Walgreens has the look of a neobank

American Banker

Digital banking Fintech Payments Technology

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Apple Taps Watch Head for Self-Driving Car Project


Apple has asked the head of its smartwatch efforts to lead its fledgling self-driving car program. According to Bloomberg News, Kevin Lynch will take over the project following the departure of Doug Field, who left Apple for a position with Ford.

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Big week for buy now, pay later


Buy Now Pay Later (BNPL) companies continue to attract buyers and investors alike as this week saw neobank Revolut announce it would work on a BNPL product, and PayPal bought Japanese BNPL provider Paidy for $2.7 billion.

UPS Moves Into Same-Day Gig Delivery With Roadie Acquisition


UPS is moving into the gig economy, same-day delivery space with the acquisition of Roadie, a technology platform that connects people with items to ship with drivers headed in that direction. The terms were not disclosed, according to a press release on Friday (Sept.

Mastercard to buy crypto security firm CipherTrace

American Banker


Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Kroger Combats Consumers’ Inflation Concerns With Data-Informed Discounts


As consumers grow worried about rising costs, grocery giant Kroger is keeping them shopping with personalized offers through its ecommerce platforms.

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Arkansas bank tries to put most popular features of branches in an app

American Banker

Customer experience Branch banking

The Role of Today’s CFO: Driving Change and Ensuring Resilience to Change


The acceleration of digitization in the enterprise has given chief financial officers (CFOs) a much bigger say in the direction that transformation takes, according to Airbase Chief Financial Officer Aneal Vallurupalli.

Truist’s Kelly King reflects on a half-century in banking

American Banker

Workplace culture Succession planning Commercial banking


Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Mastercard's Aiia Acquisition: Connectivity Is Critical for Open Banking’s Innovation


If data exists as the new oil, as they say, of open banking, then the pipes and the plumbing — and even the safety valves — must be in place to make sure the oil gets to where it needs to go.

Credit unions step up efforts to hire people of color

American Banker

Best Credit Unions to Work For Credit unions


Visa: August Consumer Spending Up Over Last Year, But Down From July


Consumers spent more in August compared to last year, but not as much as they dropped on goods and services in July, according to Visa’s latest U.S. Spending Momentum Index ( SMI ). The August SMI was 109, down 2.9 points from July.

Bank of America names new CFO in leadership shake-up

American Banker

Corporate governance Consumer banking Commercial banking

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Banking As A Service Provides B2B Solutions For Businesses Of All Sizes


The global market for Banking as a Service (BaaS) has quickly become a $1 trillion industry, but new projections suggest this uptrend will continue — and accelerate — over the coming decade with a near-quadrupling in demand that could boost uptake to $3.6 trillion by 2030. .

BNPL M&A Heats Up As Paypal Acquires Japan’s Paidy For $2.7B

CB Insights

PayPal , a fintech company, has acquired Paidy, a buy now, pay later platform, at around a $2.7B valuation. The deal is expected to close in Q4’21. Who are the parties to the deal? Paidy: Japan-based Paidy provides buy now, pay later services for e-commerce consumers.

Bank of America Names New CFO, Reshuffles Senior Leadership Team


Bank of America has named Alastair Borthwick chief financial officer, effective in the fourth quarter, as one of myriad changes to its global leadership team. The firm’s Friday (Sept. 10) announcement also included five new members on the senior management team.

Will Biden’s Executive Order Apply to Credit Unions?

New York's State of Mind

Yesterday, President Biden took his most aggressive action yet to combat the spread of COVID-19. First, he ordered the Department of Labor’s Occupational Safety and Health Administration (OSHA) to issue an emergency temporary standard that will “require all employers with 100 or more employees to ensure their workforce is fully vaccinated or require any workers […]. Compliance COVID-19 HR Legal Watch DOL federal contractor OSHA Presidential Executive Order vaccination

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.