Thu.Jan 21, 2021

App Store Approach Helps Banks Manage Partners, Speed Digital Transformation

PYMNTS

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions.

Can analytics help auto and equipment lenders prepare for 2021?

Accenture

Equipment and auto finance organizations rely on risk ratings to manage expected lease and loan defaults and delinquencies. But today’s risk ratings and models are based on pre-COVID-19 numbers, so how applicable will they be in 2021?

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Transport Trade Group Brings Airlines And Vaccine IDs Into The Digital Age

PYMNTS

At some point, though it may seem to be far away, air travel is going to resume. It may take a while. But businesspeople will want face to face meetings instead of Zoom. Parents will want to visit theme parks. Grandparents will want to visit grandchildren.

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Enabling Open Banking for Business Finance: 5 actions to take now

Accenture

After a tumultuous 2020, the New Year brings more change and, for commercial banks that act boldly, new opportunities in Open Banking.

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.

Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

Janet Yellen, President Joe Biden's nominee for Treasury Secretary, is expected to take a hard stance on cryptocurrencies, calling digital currency a “particular concern” that is used “mainly for illicit financing,” Arstechnica and other news outlets reported on Thursday (Jan.

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Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking.

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XBRL News from Russia, India and ISDA

Daily Fintech

Here is our pick of the 3 most important XBRL news stories from the last week.

Revolut, Chubb Partner On Purchase Protection

PYMNTS

Insurance provider Chubb has rolled out a new insurance partnership with digital banking services FinTech Revolut , according to a press release.

When virtual money gets real

Payments Source

Virtual worlds, built for gaming or social interaction, are still trying to turn their digital economies into something real. Crypto regulation could be a hurdle. Compliance Digital currencies

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!

HashCash Consultants To Aid Unnamed US Bank With Blockchain Platform

PYMNTS

HashCash Consultants , which works in blockchain, is working with an unnamed U.S.-based based bank to help them finance their corporate trade owing to a sophisticated blockchain platform for B2B payments, a press release says.

France to shut almost 40% of cash-handling centers

Payments Source

The Bank of France will shut down more than a third of its cash handling centers by the end of 2022 as the Covid-19 pandemic accelerates a decline in the use of notes and coins. France Cash

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Free Crypto: Shenzhen Plans Third Digital Yuan Pilot, Giving Away $3 Million

PYMNTS

Shenzhen will be continuing China’s digital yuan pilot program by issuing the digital currency to citizens, according to a report from XinhuaNet. There will be 20 million digital yuan (about $3.1

Report 211

Can the U.K.'s decades-old Vaccine Damage Payments Scheme handle COVID-19?

Payments Source

Anyone who experiences severe side effects as a result of this mass vaccination campaign must go through a relatively little-known program that has existed since 1979. Government payments U.K. Coronavirus Payment processing

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

Immediate disbursements are gaining favor in various industries and sectors.

Transacting vs. Conversing: The Value of Authentic Communication in Collections

SWBC's LenderHub

We’ve all been on Zoom calls this year in which real life has made its way into a business meeting.

Bank Offers Go Contextual For Credit Unions In 2021

PYMNTS

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year.

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Shelly Zimmerman Joins Merchants Bank as Mortgage Lender

MerhantsBanks

Shelly Zimmerman has joined Merchants Bank as a Mortgage Lender, according to Jon Dahl, President for Merchants Bank in Cannon Falls. Shelly’s tenure in mortgage lending and banking, along with her deep connection to the Cannon Falls community, make her an exceptional mortgage lender.

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.

Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life 

PYMNTS

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion.

Crisis redefines what it means to innovate

Payments Source

When life turns upside down, customers and employees need help with finding swift solutions to problems they may have never faced or even considered—and companies require innovation guided by more than a slide deck, says Western Union's Nicole Vogrin. Digital payments Innovation Coronavirus Payment processing Automation

Saks Fifth Avenue CEO Lauds Holiday Luxury Buying Binge

PYMNTS

Saks Fifth Avenue CEO Marc Metrick said luxury retail could be called “comfort food” for those mired in pandemic-related stress, CNBC reported.

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UK challengers hinge profit hopes on banking licenses

Bobsguide

In the beginning, digital challengers presented themselves as a kind of anti-bank proposition. This initially served them well, especially in the wake of the 2008 financial crisis - which eroded peoples’ confidence in high street lenders so severely that ten years on two thirds of Brits still

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

COVID-19’s Price Tag Leaves Large Hospitals At Risk

PYMNTS

The healthcare industry continues to be on high alert and many hospitals are operating increasingly close to maximum capacity.

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JP Morgan boss Jamie Dimon is paid $31.5m after decrying income inequality

TheGuardian

JP Morgan boss rakes in salary, bonus and stock in 2020 Dimon said in 2019 that income inequality was a ‘huge problem’ Jamie Dimon, the billionaire boss of JP Morgan who has warned income inequality has “bifurcated the economy” in America, was paid $31.5m in 2020, the bank announced on Thursday.

iBanFirst Debuts Payment Tracker For B2B Transactions Visibility

PYMNTS

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS.

Real time payments are set to make real gains

Payments Source

Many financial institutions have made initial moves into real-time payments via P2P services, and the use cases will jump over time, says Fiserv's Matt Wilcox. Digital payments Faster payments P-to-P payments Zelle Payment processing Merchant

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.