Thu.Nov 07, 2019

What do banks think about decentralised finance

Chris Skinner

I got a tweet the other day pointing me to a report from the Financial Stability Board about the use of decentralised technologies for financial services. Excellent report from the Financial Stability Board @fsb about the impact of decentralized #fintech#finserv #DeFi #DLT #payments #lending ??[link]

Taking a stand on data privacy and security in the payments space

Mobile Payments Today

Mastercard last month challenged the industry on adoping a set of new standards on data privacy and security. Computop's founding director Ralf Gladis says the industry should take up the challenge and collectively move in a similar direction

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Why voice is integral to TD Ameritrade’s customer strategy

Bank Innovation

As financial services companies consider the next wave of interaction technologies, TD Ameritrade is making the case for voice as a channel. Over the past year, the company has invested in voice-based tools to allow customers to learn more about their portfolios.

Things worth reading: 8th November 2019

Chris Skinner

Video 208

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Robinhood is back in Washington’s crosshairs after leverage glitch

Bank Innovation

Robinhood Markets Inc. is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without putting down enough cash to back the transactions.

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N26’s Cooke: A global presence is fueling the brand’s expansion

Bank Innovation

To digital banking brand N26, which operates in 26 markets and boasts 3.5 million customers, a global footprint lets it benefit from a wealth of expertise on product development. The company recently began offering products to U.S.

Walmart hits gold with India Payments as PhonePe valued at $10 Billion

Daily Fintech

How do you make $10 Billion from $300 Million investment within a year? Walmart did just that with their acquisition of Flipkart in India last year. Flipkart is the ecommerce giant in India, and Walmart acquired a 77% stake in them for $16 Billion in 2018.

Top CECL Questions Answered

Abrigo

CECL | 7 minute read Key Takeaways Balancing the scales: the FASB's cost-benefit an alysis of CECL. Strategies to lessen the impact of CECL on smaller community banks. How to work better with field examiners and auditors. . The transition to the current expected credit loss (CECL) standard is just around the corner for larger SEC filing institutions, but for many institutions, there are still many questions surrounding the new standard.

Deep Dive: Digital ID Systems Wrestle With Ethics

PYMNTS

Digital identities are flexibly changing forms as they gain ubiquity. Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with Apple Pay and in some cases pay their taxes or register to vote with government-provided digital identities.

System 207

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Small banks, tap the consortium model for fintech investment to innovate

Accenture

Guest bloggers Alex, Devon, Eliza and Reagan – from Accenture’s Emerging Leaders Program – dive into how regional retail banks combat the challenge of keeping up with the tech acquisition capabilities of larger banks through banking consortium models. A regional retail bank’s ability to effectively future-proof its business depends on how well it can adopt technology…. The post Small banks, tap the consortium model for fintech investment to innovate appeared first on Accenture Banking Blog.

Can Robots Help Solve the Fresh Food Problem?

PYMNTS

Fresh food is one of those products that, depending on the context, can almost feel like a minor luxury.

Course 207

Can Apple Card's early success translate to sustainable profit?

Payments Source

The Apple Card had the most successful credit card launch ever, according to Apple CEO Tim Cook — but achieving profitability depends on several variables that are still shrouded in mystery. Credit cards Apple Pay pso wallet lead Mobile wallets Mobile payments Apple Goldman Sachs

Apple 104

Visa On Challenging B2B Payments Status Quo

PYMNTS

To change the status quo — to upend the way it’s always been done — the mantra goes, “think outside the box.”. Or in payments, think beyond the rails.

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

ATMIA's Ron Delnevo discusses importance of payment choice, independent ATMs

ATM Marketplace

Ron Delnevo, executive director of Europe at the ATMIA, believes in payment choice. He also thinks independent ATM operators play an important role in keeping cash accessible

ATM 102

Tune.fm Enables Hedera Crypto Payments For Music

PYMNTS

Tune.fm has become the first music streaming platform with an integrated cryptocurrency to run on Hedera Hashgraph ‘s public distributed ledger technology (DLT). Musicians have often struggled to get paid what they are owed for their work.

Mastercard, Tappy create payments-enabled Timex watches

Payments Source

Mastercard has formed a strategic partnership with Tappy Technologies, a Hong Kong-based internet of things firm, to develop designer branded contactless payments-enabled wearables, starting with Timex. Wearable payments Wearable technology Internet of things Mastercard

Amazon Ring Security Flaw Opened Door To Hackers

PYMNTS

Amazon Ring fixed a security vulnerability in its Ring Video Doorbell Pro that could have potentially allowed hackers to get homeowners’ Wi-Fi passwords, TechCrunch reported on Thursday (Nov. Cybersecurity research firm Bitdefender exposed the Amazon Ring flaw in a white paper.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

FedNow will have a hard time stopping fraud

Payments Source

If the Fed's new service doesn't effectively prevent existing types of fraud, we might even see fraud increase thanks to the instant payments concept, says Chargeback 911's Monica Eaton-Cardone. ISO and agent Faster payments Payment processing Payment fraud Retailers Banking Federal Reserve

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Moving FI, FinTech Partnerships Beyond The Press Release

PYMNTS

Big, splashy announcements of freshly-forged partnerships between FinTechs and mainstream payments and financial services players are released by the dozens these days. As for the “game changing” innovations they promise will “reshape” the landscape as we know it?

Square may have cracked the code on monetizing P2P payments

Payments Source

Square Cash generates a lot of revenue – and the road to Square’s success is the Cash P2P app, along with Seller tools, as its two curated ecosystems that are cross-selling their way to profitability. P-to-P payments Earnings pso intraday lead pso cardline lead 2 Square Venmo PayPal

Tools 94

SCA Awareness Issues Persist Among EU Merchants, Consumers

PYMNTS

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Post-SCA deadline, a lack of readiness persists.

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Curve expands Google Pay's reach in U.K.

Payments Source

A week after U.K. fintech Curve announced its integration with Samsung Pay, it is doing the same with Google Pay in a move that will allow its users to link all of their bank cards to Google's mobile wallet. Google Pay Digital payments Fintech U.K.

Italy Opposes German Proposal For EU Banking Union

PYMNTS

A German proposal for the EU’s banking union is being opposed by Italy, which said it would impact banks’ ability to compete, according to a report by The Financial Times.

Morning Brief 11.7.19: WeChat Pay, Worldline reach a deal for Swiss payments

Payments Source

Google Pay gets larger in India; Visa gets a new HQ; and other information you need to start your day, from PaymentsSource and around the web. Briefing

Why The QSR Drive-Thru Is Fueling Retail Innovation

PYMNTS

Retail technology is undergoing big changes in the restaurant world, and that includes the drive-thru. New data via PYMNTS research has troubling news for restaurants with drive-thru windows.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.