Thu.Apr 11, 2019

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

Today’s cool is tomorrow’s retro

Chris Skinner

I was once again reminded of the stupidity of passwords when locked out of yet another service that I use maybe once a year. When I decided to reset the password, once again my iPhone offered to set up a strong password that it would remember for me.

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Coinbase Launches Crypto Debit Card In The UK

PYMNTS

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. spend crypto as easily as they spend money sitting in a bank account.

Cards 270

Things worth reading: 11th April 2019

Chris Skinner

ATM 220

SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist

PYMNTS

Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars.

Fraud 268

Prospects for More De Novo Digital Banks Come Into Clearer Focus

Bank Innovation

Get ready for more banks. Digital ones, that is. New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks.

AlipayHK And McDonalds Hong Kong Team Up For In-App Payment

PYMNTS

AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards.

More Trending

How APIs Help Banks Step Back From Siloed Business Banking

PYMNTS

The U.K.’s ’s Open Banking market initiative is seeping into the U.S., and into the business banking segment, as financial institutions (FIs) explore ways to improve their B2B services and compete with more agile FinTech firms.

Mass Personalization With ML Said to Be Limited to Mega Banks Today

Bank Innovation

Banks increasingly tout the potential for machine learning and artificial intelligence to transform the industry, but how many are deploying the technologies in a material way?

Survey 137

What FIs Get (And Don’t Get) About AI

PYMNTS

The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61 percent intend to invest in more. The only question is: What learning systems will they choose to adopt?

Study 256

Startup Continent: The Most Well-Funded Tech Startups In Europe

CB Insights

Europe is home to prominent startup and innovation hubs in cities like Berlin, Stockholm, and London. However, the tech boom is diffusing across the continent, and startups are emerging far beyond the established tech hotbeds.

Groups 114

Better B2B eCommerce More Important Than Price: Survey

PYMNTS

A better eCommerce experience is more important than finding cheaper prices for corporate buyers, according to a new survey from Avionos.

Survey 253

How can you be AI ready?

Dataconomy

Organizations implementing AI have increased by 270 per cent over the last four years, according to a recent survey by Gartner. Even though the implementation of AI is a growing trend, 63 per cent of organizations haven’t deployed this technology. What is holding them back: cost, talent shortage?

Survey 114

Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy.

Online 236

Elizabeth Holmes’ Failed Theranos Was Just Granted 5 New Patents In 2019

CB Insights

Theranos, the blood-testing company once valued over $9B, ceased operations late last year — after a whirlwind of events which led to its very public shut down.

System 113

JPMorgan Rolls Out SEPA Instant In Europe

PYMNTS

JPMorgan announced this week it’s launching SEPA Instant in Europe as part of its efforts to advance its real-time payments offerings.

The Top 20 Venture Capitalists In Asia

CB Insights

In 2018, $81B was invested into venture capital-backed startups in Asia across more than 5,000 deals. That equates to a nearly 12x increase in funding to Asian startups since 2013. Free download: THE TOP 100 VENTURE CAPITALISTS.

Bezos Warns Of Future Failures; Challenges Retailers To Pay Employees More

PYMNTS

Amazon may be firing on all cylinders, but Chief Executive Jeff Bezos realizes not all of its efforts will see success, warning investors in the company’s annual shareholder letter of the potential for multi-billion dollar failures.

Retail 223

How Digital Insurance Is Evolving In Southeast Asia’s Growing Fintech Scene

CB Insights

As a whole, development of digital finance in Southeast Asia is still in the early stages. Tech Investing in Southeast Asia.

Uber IPO Predicts 35 Pct Jump In Q4 Customer Base

PYMNTS

Uber notched a 35 percent year-over-year gain in customers in the last quarter of 2018, at least according to a company metric included as part of the Uber’s prospectus for its initial public offering (IPO), released on Thursday (April 11).

Self-Care For All: How Retailers Are Bringing The $4.2T Wellness Industry To The Masses

CB Insights

Everyone is trying to tap into the $4.2T wellness economy. A host of new players — from big-box retailers to drugstores — are looking to wellness to boost their bottom line. Get the WELLNESS TRENDS REPORT.

Google Cloud Enables AI Invoice Processing With Taulia

PYMNTS

Supply chain payment technology firm Taulia is teaming up with Google Cloud to enable an artificial intelligence-powered invoice processing solution.

Google 211

Research finds in-house banking apps easier to hack

Bobs Guide

New research released this week has revealed that banking applications developed in-house are more vulnerable than those produced by third-party vendors. Some 81% of banks across the world are embarking on technology transformation programmes in order to keep costs low and bring out application

IMF Head Sees Cryptos ‘Shaking’ The System — But Will Banking Stay Shook?

PYMNTS

To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on.

System 209

The Future According To Sequoia Capital China

CB Insights

Sequoia Capital China has ramped up activity over the past year and started seeing a lot of significant exit outcomes for its investments. In 2018, the China-based arm of smart money VC Sequoia Capital participated in 123 deals, up 58% from the year prior. Want the full post?

On The Hill, Banking’s Biggest Get Grilled

PYMNTS

Seven up and, depending on how one likes their congressional hearings, less than lucky number seven? The top executives of seven of the biggest banks in the U.S. were grilled, and even roasted, on Capitol Hill, specifically in front of the U.S. House Committee on Financial Services.

CA 207

How to deliver the seamless experience your bank account holders expect

ATM Marketplace

We're all ready to roll our eyes at that extremely overused word "omnichannel," but it's true: The cross-channel experience is precisely what financial services consumers demand.

India Google Pay Users Can Now Buy 24-Karat Pure Gold

PYMNTS

Google has joined forced with gold bullion refiner MMTC-PA to let Google Pay users in India purchase and sell gold on the app, according to reports. The service is already offered in the region through companies like Paytm, Mobikwik and PhonePe.

Google 203

Implementation of Siebel CTMS in the Oracle Cloud: Session Recap

Perficient Financial Servies

Yesterday, I was fortunate to have been able to present with Pfizer at Oracle Health Sciences Connect 2019 on Perficient’s implementation of Oracle’s Siebel Clinical Trial Management Systems (CTMS) in the Oracle Cloud for the company. On stage at @OracleHealthSci Connect with @pfizer , discussing our implementation of #Siebel CTMS in the #Oracle #Cloud for the #pharma. OHSCONNECT19 pic.twitter.com/0cCXemaIoK. Perficient (@Perficient) April 10, 2019.

Study 69

Online Porn Pays Off for Fraudsters

PYMNTS

Like it or not, pornography — among the most ancient human creative endeavors — is a central player in the digital world we inhabit. By some accounts, pornography played a central role in the rise of the internet (and provided significant funding for cable and telecom operators ).

Online 199

UK startup PixelPin raises GBP 1.5 mln to upgrade authentication services

The Paypers

(The Paypers) UK startup PixelPin has announced it has closed a GBP 1.5 million pre-series A funding round to reach out to new customers and develop its authentication services

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Aussie Lawmakers Want Stronger Recourse For SMB Bank Disputes

PYMNTS

Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney Morning Herald said Wednesday (April 10).

Unravelling the Unicorn Madness – as the Silicon Valley bug bites London

Daily Fintech

A Unicorn is a tech startup that has grown past $1 Billion in valuation. The term “Unicorn” to refer to these firms was first coined by Aileen Lee, a Silicon Valley investor, in 2013. Since then the count of Unicorns has increased to about 300 at the start of the year.

The Risks Of A Buyer-Supplier Power Struggle

PYMNTS

Recent news from Walmart in Mexico put the spotlight on the retail giant’s rivalry with Amazon earlier this month, when Reuters reported that Walmart is demanding discounts from its food suppliers that also supply products to Amazon.

Retail 193

Health Insurers Keep Consolidating. Here Are The Potential Side Effects For Consumers And Startups

CB Insights

Centene announced its $15.3B acquisition of WellCare last month. The transaction helps diversify Centene away from the individual marketplaces, where it is a market leader, and towards government funded programs like Medicaid managed care and Medicare Advantage. (We’ve

An Inside Look At Chase’s Mobile Banking Approach

PYMNTS

After the June 2007 announcement of Apple’s first-ever iPhone and the ensuing buzz around iOS apps, financial institutions (FIs) began developing offerings to ease digital banking. Though narrow in feature and scale, those initial apps put personal finance management at users’ fingertips.

Mobile 193

Standard Chartered expands Straight2Bank Pay to markets in Asia

The Paypers

(The Paypers) Standard Chartered has announced the expansion of Straight2Bank Pay, its digital collections gateway for corporate clients, to additional markets in Asia