Tue.Apr 09, 2019

A Marketplace For Stolen Fingerprints Has Emerged


Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged.

Want a decent analysis of #Brexit from an EU view?

Chris Skinner

Another key theme of the weekend conference was Brexit, best summed up by one panellist as a decision made by a confused population about an issue their politicians can’t agree with, don’t want to implement and has no support.

New Wire Fraud Scam Reroutes Direct Deposit Paychecks


A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. Once the changes are made, a paycheck will go directly into a criminal’s account.

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Envel uses AI to redefine banking for Generation Z

Mobile Payments Today

Envel uses artificial intelligence and machine learning to help young adults control their spending, manage their expenses and save for a rainy day in a way that traditional banks can't or won't for this segment of the market

China May Move To Ban Bitcoin Mining


China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law.

Things worth reading: 10th April 2019

Chris Skinner

AI Enters The FI Fast Lane


It’s hard to find fault with one of the latest tests of artificial intelligence (AI). Medical diagnostic technology built by Google and a sister company can detect diabetic retinopathy — an eye condition that can cause blindness — with as much accuracy as a human doctor.

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More Trending

How A Subscription Nutrition Brand Aims To Help An Aging Population


eCommerce innovators are offering plant-based nutrition beverages designed for baby boomers and their parents with the help of the subscription business model.

Apple’s Credit Card Gives Goldman Sachs Rare Customer Role

Bank Innovation

Apple Inc. launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. At a splashy event, the company made a simple sales pitch and showed off the titanium product in a slick video.

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Will Disbursements Put Payday Cycles Out To Pasture?


The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also increasing in the workforce, and has the potential to change how workers view concepts like payday.

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'It's time to rethink how we manage the cost of cash'

ATM Marketplace

According to research firm McKinsey, the cost of cash — which represents 5–10% of a bank's overall operating cost — is rising, even as the use of cash is declining.

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Square Rolls Out Online Store For UK Sellers


Square , the payments provider, announced Tuesday (April 9) the launch of the Square Online store for U.K. sellers. In a press release , Square said the Square Online Store provides small and medium sized enterprises with one solution for their omnichannel or online-only business.

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Secure, Standardized Data Sharing Empowers Consumers & Promotes Innovation


Data is being used to improve all aspects of a consumer's life in our increasingly digital world. eCommerce companies use data for a number of purposes, such as to personalize the experience of users across mobile apps and the web, suggest purchases and make it easier to find high-intent products.

The Convergence Of Trade Finance And Trade Credit Insurance


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Medical Thrillers and Digital Transformation

Perficient Financial Servies

I have been listening to an audio book called “Cell” by author Robin Cook. This is a medical thriller about a doctor, George Wilson, whose life revolves around an innovation that is devastating and plays a critical role in his entire life and the people he loved.

Why Card Replacement Is Every Bank’s ‘Moment Of Truth’


It happens. An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one.

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Banks become target for growing cybercrime syndicates

Bobs Guide

Internal audits and endpoint security systems won’t protect banks against increasingly dangerous and numerous cyber terrorists, say security experts. “These international crime syndicates operate in the same way any business does,” said Caroline Paddle, director at Skybox

Amazon’s Big SMB Focus in 2019


Small to medium-size businesses (SMBs) drive the sales of more than half of all units sold on Amazon, and today (April 9), the eCommerce giant announced that it has launched 50 new tools and services since the start of the year to help them more of them sell even more.

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[Guide] Top 5 Digital Health Trends for Providers – The Challenge

Perficient Financial Servies

This blog series highlights the top five digital health trends for providers. This post looks at the challenges providers face. Healthcare continues to face fundamental disruption as the industry navigates an uncertain path toward value and outcome-based care.

SWIFT Set To Shutter Data Matching Tool TSU


Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020.

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Emirates NBD launches WhatsApp Business Solution

The Paypers

(The Paypers) Emirates NBD has launched the WhatsApp Business Solution to offer customised mobile banking services to its customers

Uber Introduces Vouchers To Capture More B2B Market Share


Uber has introduced “Uber Vouchers,” a new product that helps businesses offer discounted or free rides for customers, according to reports.

London's property boom might involve money laundering activities, data reveals

The Paypers

(The Paypers) Money laundering has been pinpointed as a problem for the UK, with estate agents singled out by the security minister, as a “weak link” in the UK’s AML defences, according to Wired

FinTech Firms Make Inroads In Switzerland


In any number of countries spanning the globe, FinTech firms continue to make inroads into financial services, with at least some encroachment onto traditional players’ turf.

AVCA 2019 private equity and venture capital conference in Nairobi


The 16th annual conference of African Private Equity and Venture Capital Association (AVCA) was held from 1st -3rd April 2019 at the Radisson Blu Hotel in Nairobi. A guest post by Marcela Sinda. This flagship conference event for the African continent had a fantastic kick-off and turnout, bringing together private equity and venture capital investors […]. The post AVCA 2019 private equity and venture capital conference in Nairobi appeared first on Bankelele.

mPOS Providers Cater To SMBs Amid Contactless Payments Surge


Mobile point-of-sale (mPOS) providers are catering to the needs of small and medium-sized businesses (SMBs) as the use of contactless payments heats up around the world. Last week, the jobs report beat analyst expectations and demonstrated a solid rebound from an unusually weak February.

Bank Marketing. I Know a Change is Gonna Come!

Long Lasting Ideas

As Sam Cooke sang many years ago, “It’s been a long, a long time coming, but I know a change is gonna come, oh yes it will.” ” Our rapidly changing financial system triggers the same reaction from us.

UBS: 75,000 Stores Should Shutter With eCommerce Growth


As online sales proliferate in the United States, UBS says merchants will have the need to close stores: The firm claims that businesses in the consumer electronics, clothing and home furnishing spaces will need to shutter more locations around the country, CNBC reported.

Singtel to expand via mobile wallet alliance

The Paypers

(The Paypers) Singtel has announced a further expansion of its emerging cross-border mobile payment alliance via an arrangement with Changi Airport Singapore

Accounts Of Millennial Sobriety May Be Oversold


Have millennials started starving a segment of commerce in a socially positive way? That is the recent question on minds of trend piece writers, with the publication of a recent Atlantic article that postulates the latest trend sweeping generation Sriracha is sobriety.

OpenPayd launches with a mission to unlock banking

The Paypers

(The Paypers) The UK-based tech company OpenPayd has announced that they are on a mission to unlock banking

Welcome To The New C-Store Innovation Game


Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector ripe for change, disruption and growth.

Ecommerce startup Awok.com raises USD 30 mln in Series A investment round

The Paypers

(The Paypers) UAE-based mass market ecommerce platform Awok.com has closed its USD 30 million Series A, the startup announcing it is its first external round

Morgan Stanley Sees Potential In Instagram eCommerce Future, Raises Facebook Target


Analysts at Morgan Stanley see a bright eCommerce future for Instagram and have raised the price target on Facebook stock, according to reports. Facebook shares rose 2.06 percent early Tuesday (April 9) to $178.54. The shares are up 29 percent year-to-date.

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Bank Brand Value: Calculated!

Jeff For Banks

I ask and ask and ask: what does brand get you? Does it get you pricing power, shorter sales cycles, better employees, more loyal customers? Or does it get you increased expenses without measurable results?

US Government Policy On SMB Lending In Flux


President Donald Trump announced over the weekend that U.S. Treasurer Jovita Carranza is his pick to lead the Small Business Administration (SBA), after its current chief, Linda McMahon, announced on Friday (March 29) that she will leave the post.

Cybersecurity Talent Initiative rolled out by Mastercard, Microsoft, Federal Agencies, and more

The Paypers

(The Paypers) Mastercard , in collaboration with Microsoft, Workday and the nonprofit, nonpartisan Partnership for Public Service have launched the Cybersecurity Talent Initiative