Tue.Jun 18, 2019

Monzo and Marcus: American challengers or just noise?

Chris Skinner

My mate Ron Shevlin is on good form these days.

A new era of technology enabled financial risk management (Part 1)

Insights on Business

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise.

Things worth reading: 19th June 2019

Chris Skinner

Chicago restaurant Steak 48 embraces WeChat Pay as Chinese tourists expand mobile platform

Mobile Payments Today

Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay

What The Launch Of Facebook’s Libra Means For Payments

PYMNTS

The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. Or does it?

Facebook could be for crypto what AOL was for internet adoption

Bank Innovation

Facebook Inc., a centralized corporate giant with a history of customer data use controversies, is an unlikely candidate for bringing cryptocurrencies to the masses. Yet many digital-assets enthusiasts are now hanging their hopes on the company’s new digital coin succeeding where Bitcoin has not.

Data 158

Shares In Western Union Dip On News Of Facebook Crypto Libra

PYMNTS

Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra , according to a report by CNBC. Western Union stocks fell 1.7 percent, making the company one of the worst performing ones on the S&P 500 index.

More Trending

Open Banking Co Token Receives $16.5M Investment

PYMNTS

Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures , which is the venture division of bank BNP Paribas. Other investors include banks in the Middle East and Southeast Asia, according to a release by the company.

Global Consumer Adoption of Alternative and Contactless Payments I Wearables I Contactless I Cashless I Mobile Payments I Trends I Survey

Mobile Payments Today

Download this global infographic to discover the findings of a recent independent survey commissioned by Transaction Network Services into consumer opinions of alternative payment methods like wearables, smartwatches, contactless cards and mobile apps and their willingness to adopt them

Survey 151

India Wants WhatsApp To Make Messages Traceable

PYMNTS

India is asking messaging service WhatsApp to put a digital fingerprint on every message sent by the service, but without breaking the encryption, according to a report by the Economic Times.

Report 223

HSBC partners with Identitii to create an invoicing tool for corporate clients

Bank Innovation

To simplify invoicing for its corporate clients, HSBC is partnering with Australian company Identitii on a digital accounts receivable tool. Identitii, which went public in 2018, focuses on transaction security.

Tools 141

CTFC Levels Charges In $147M Bitcoin Pyramid Scheme

PYMNTS

As bitcoin hovers around $9,100, as Libra may (or may not) give the marquee cryptocurrency a run for its virtual money, it’s worth noting what lies behind the wild price swings — especially the ones that have ramped prices from sub $4,000 levels in short order.

Brex launches corporate card for biotech, life sciences firms

Bank Innovation

San Francisco-based corporate card startup Brex today launched a corporate card specifically tailored to companies in the life sciences industry.

P2P Payments Set The Stage For B2B RTP

PYMNTS

Is it prime time for real time, especially for B2B? The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days.

Why eBay signed on to Facebook’s crypto venture

Bank Innovation

EBay today joined Uber, PayPal, Lyft and other tech heavyweights as an inaugural member of the Libra Association, the Switzerland-based organization that will oversee Facebook's cryptocurrency.

NY At Key Point In SMB Borrower Protection Fight

PYMNTS

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post.

How Rockland Trust is using an AI-based tool to grow sales

Bank Innovation

In the battle for customer loyalty with digital-first competitors, Rockland Trust has deployed an AI tool to boost its customer acquisition efforts.

Tools 141

Strategic Sourcing Evolves Beyond Better Prices

PYMNTS

Elevated from its position as merely a point through which money exits the enterprise, the procurement function is quickly becoming a strategic component of corporates in more ways than one.

Consumer LOS Upgrade Generates Big Gains for CU in Niche Markets

CU Direct

Credit unions are coming full circle in the current business climate that favors those who drill deep into niche markets, rather than casting a wide but shallow net. Technology has enabled businesses to locate ideal customers, reach them where they live, and speak their language.

How Corporates Are Driving US RTP Adoption

PYMNTS

Adoption of real-time payments in the U.S. has been slow, particularly compared to other markets like the U.K. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena.

US 203

Abt Electronics, Inc. simplifies rebates and co-op fund capture with IBM Incentive Compensation

Insights on Business

Vendor rebates and co-marketing funds can be difficult for retailers to track and successfully capture, especially when multiple, siloed legacy systems are involved.

Visa, AI And The $25B Fraudsters Never Got

PYMNTS

Cybercrime is both pervasive and expensive, as modern problems go. According to reports , citing the University of Maryland, there is an attempted hack every 39 seconds. By some estimates, cybercrime will have cost the world $6 trillion by 2021 in damaged and destroyed data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud and post-attack disruption to the normal course of business.

“A Credit Union Member Walks Into A Car Dealership…” (Part 2)

Credit Union Geek

This is a continuation of “Unseen Credit Union Competition“ Last time, you saw what members receive after buying a car or home. Now, we rewind to the buying process itself. Car Dealers & Credit Unions: A Necessary Alliance In my business, I work with a wide variety of credit unions. Small to large, urban and […]. The post “A Credit Union Member Walks Into A Car Dealership…” (Part 2) appeared first on Credit Union Geek.

eCommerce Box Companies Aim To Enhance Hotel Stays

PYMNTS

Some entrepreneurs are inspired to start companies to solve a problem they have experienced in their own lives: GuestBox Founder and CEO Shuchi Vyas, for instance, was an Airbnb host and struggled to wow her guests with offerings beyond just the basics.

The Future Of Information: How To Manage Work And Make Data-Driven Predictions

CB Insights

In his Future Of Fintech keynote presentation entitled “The Future of Information,” Anand Sanwal, CEO and Co-founder of CB Insights, covers two topics: Part 1 – How enterprises manage information. Part 2 – 9 data-driven predictions on the future of financial services. Part 1.

Volvo Teams With NVIDIA For Autonomous Tech

PYMNTS

To create artificial intelligence (AI) for autonomous trucks, Sweden’s AB Volvo is teaming with NVIDIA. The tie-up will make a scalable and flexible system for self-driving, Reuters reported.

Is the relationship manager still viable? (Podcast)

Accenture

The UK banking industry’s focus on commercial banking for small- and medium-sized enterprises (SMEs) is now at its most intense in more than a decade. It isn’t hard to see why: Alongside the new funding—and controversies—generated by the RBS remedies, we’re also seeing the big incumbent players targeting investments at SME services.

Making Everyday Function Luxurious

PYMNTS

How many handbags the average woman owns is a matter of some debate. On the low end the estimates are around five, and upper-end estimate seem to fall at 11. Whatever the actual number, it is fair to say two things.

Core System Strategy: The Era of the ‘Big Bets’

Gonzobanker

Welcome to the sleepy world of core banking systems. Nothing to see here folks—just keep on walking. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years.

Cannabis Drinks To Be On Tap In Canada This December

PYMNTS

A cannabis joint venture plans to start selling different types of marijuana-infused beverages in Canada this year. The maker of Coors Light has partnered with Quebec-based Hexo Corp.

10 Points from AfDB 2019 in Malabo

Bankelele

The African Development Bank (AfDB) Group held their 2019 series of annual meetings from 11 to 14 June in Malabo, Equatorial Guinea with the theme of “Regional Integration” Highlights of the meetings: 1. Fast growth is not Enough: A key theme of the week was that the stellar growth levels in Africa (over 4%) were still not […]. The post 10 Points from AfDB 2019 in Malabo appeared first on Bankelele.

Mink’s New 3D Printer Turns Images Into Makeup

PYMNTS

Beauty company Mink has designed a 3D printer that will print makeup from any image, according to a release by the company. The Mink printer is portable, weighing about 2 pounds and with dimensions of 8 inches by 6 inches by 4 inches.

NYDFS 500: Why the Regulation?

Perficient Financial Servies

Previously, I discussed data privacy laws, specifically involving New York State Department of Financial Services (NYDFS) 23 NYCRR 500. Now, I want to address the reasons for the regulation and the requirements.

Lawmakers Call For Stricter Guidelines On NSA Data Collection

PYMNTS

Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA).

Empowering Startups: FInD the Right Partner in Your FinTech Journey

Let's Talk Payments

The accelerated growth of FinTech startups in India during the past few years has come as no surprise. Technology has indeed become a great leveler and has served to reduce the cost of developing products and services.

Bitcoin’s (And Crypto’s) Calm Before The Libra Storm?

PYMNTS

For bitcoin — and for cryptocurrency brethren — a stretch of calm before the storm? The official debut of a new cryptocurrency, Libra , may have stalled a rally in the marquee name in digital coins.

Newgen Payments integrates global acquirer SafeCharge

The Paypers

(The Paypers) Newgen Payments has announced its integration with SafeCharge to boost online payments for ecommerce merchants across the globe