September, 2021

How intelligent prospecting will grow commercial banking

Accenture

When I started as a commercial banking relationship manager (RM) in the early ‘90s, a big part of my job was prospecting for new customers. This was an era when public information on privately held, mid-sized companies was extremely limited.

Central Bank Digital Currencies Can Cut Cross-Border Transaction Time 

PYMNTS

Central bank digital currencies (CBDCs) can dramatically reduce the time needed for cross-border payments to clear from days to mere seconds, while cutting costs in half, according to a Tuesday (Sept. 28) report from Reuters. .

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Evergrande is the trigger to a crypto economy

Daily Fintech

China has banned Bitcoin more times than I can remember. On Friday, China declared that all crypto transactions are illegal driving a sell-off of Bitcoin, Ethereum, and other cryptocurrencies. The market value of the world’s cryptocurrencies tanked to a low of about $1.8

The banks serving active duty personnel

Independent Banker

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Photo by: Dero Sanford. Community banks operate on a majority of the country’s military installations.

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

Purpose-driven banking in action: a powerful example

Accenture

For banks, embracing purpose and the financial wellbeing of their customers is more than good PR. As Mohamed Khalil from the Commonwealth Bank of Australia explained during his talk at Sibos in 2020, it can be a powerful way to grow the business. “We

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Think big tech is only for big banks? Think again.

Accenture

Middle market bank leaders sometimes assume that the most transformative technologies are out of their reach. But the path to future competitiveness in banking runs through technology. No matter the size of the bank.

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Biden to Name CBDC Advocate Saule Omarova to Lead OCC

PYMNTS

President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to a White House press release.

The Themes Spurring Insurance Mergers and Acquisitions

Daily Fintech

Mergers and acquisitions (M&A) in insurance are thriving on the back of macro factors – low interest rates, pandemic-related impacts and deepening specialization.

The community bank’s complete guide to building trust

Independent Banker

Illustration by Ahoy There. Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. By Ed Avis & Elizabeth Judd.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

New document AI helps mortgage lenders work smarter and faster

Accenture

In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. Today’s advanced AI solutions are changing that perception.

Why achieving alignment can supercharge banking cloud transformations

Accenture

As cloud mastery becomes a necessity to compete in today’s financial services industry, organizations are looking to accelerate their cloud transformation journeys.

Visa Unveils Universal Payment Channel for Blockchain

PYMNTS

Visa is working on a universal payment channel project that connects blockchain networks to a variety of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs). As the company announced on Thursday (Sept.

Bitcoin Daily: El Salvador Now Third in Global Bitcoin ATM Count; Central Bank of Russia to Delay Digital Asset Exchange Payments; Magnum Real Estate Accepts Payment in Bitcoin; Christie’s to Auction NFTs

PYMNTS

El Salvador now has the third-largest network of cryptocurrency ATMs, which amounts to 70% of all South American crypto ATMs, Cointelegraph reported, citing data from Coin ATM Radar. The country is third only compared to the U.S. and Canada, according to the report.

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

CBDCs and bitcoin will co-exist for now

Daily Fintech

A couple of months ago, El Salvador became the first nation to adopt bitcoin as legal money. On Tuesday, companies like McDonald’s and Starbucks began accepting bitcoin, making it possible to use the cryptocurrency for everything from purchasing a cup of coffee to paying taxes.

BIS Official Urges Central Banks to Adopt Digital Currency

PYMNTS

The head of the Bank for International Settlements’ Innovation Hub has a message for the world’s central banks: get on the digital currency train or get left behind. According to Reuters, Benoit Coeure, a former European Central Bank official, made the remarks Friday (Sept.

Visa to Accept Crypto as Payment in Brazil

PYMNTS

Visa is looking at plans to accept crypto payments in Brazil, an interview with Brazilian news outlet Seu Dinheiro says.

Unlock the promise of Open Banking market infrastructure

Accenture

Open Banking allows customers to share access to their banking data with trusted third parties, which then provide the customer with a better banking experience. Its adoption has been uneven around the world, with some regions quickly introducing it while others take a more cautious approach.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Tradeteq, XinFin Team on Trade Finance NFT

PYMNTS

Tradeteq, which provides technology for trade finance asset distribution, has completed what it is calling the first nonfungible token (NFT) transaction based on trade finance, Global Trade Review reported.

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Bitcoin Daily: WallStreetBets Launches NFTs; Bhutan to Test CBDC

PYMNTS

WallStreetBets (WSB) is rolling out a nonfungible token (NFT) collection, a press release says. The release notes that it will be called Diamond Hands, and will contain 15,000 handcrafted genesis NFTs. They’ll each have “unique qualities” and some will have “desirable rarities,” the release says.

Stablecoin News for the week ending Wednesday 22nd September.

Daily Fintech

Why are Regulators worried about stablecoins? Here is our pick of the 3 most important Stablecoin news stories during the week. Equally, why is the Crypto industry one minute welcoming and then in the next wary of regulation. Simple.

UK FinTech Monneo to Accept Crypto for Invoice Payments

PYMNTS

European FinTech startup Monneo has partnered with cryptocurrency exchange Coinbase to enable payment of invoices in cryptocurrencies, UK Tech News reported on Wednesday (Sept.

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

China Seeks Gold Medal for Digital Yuan Rollout Ahead of Winter Olympics

PYMNTS

Central bank digital currencies (CBDCs) are in various stages of development, launch and use around the globe — but one might argue that in Europe and the United States, it’s all a case of playing catch-up with China. February looms as a red-letter month, then, for the CBDC landscape.

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Q2 2021 US credit card issuer snapshot

Accenture

Key themes Purchase volume has continued to exhibit a strong rebound (up 20%+ QoQ for all issuers) and has largely returned to pre-pandemic levels; American Express, in particular, points to a healthy return of T&E spend as a growth driver.

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Capital One Eyes Testing BNPL Waters With POS Offering

PYMNTS

Capital One will be testing out a buy now, pay later (BNPL) product as consumer loans see rising competition, Reuters reported. FinTech firms have been enabling merchants to offer cheap financing for purchases, the report stated.

US Commerce Department Launches National AI Advisory Committee

PYMNTS

The U.S. Department of Commerce has put together a committee to advise President Joe Biden and other federal agencies on issues related to artificial intelligence (AI), according to a press release.

The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.