January, 2021

The Challenge and Impact of ISO 20022 for Banks


The global adoption of ISO 20022 is the most far-reaching and widely underestimated development in payments today. It’s not shocking that the transition hasn’t attracted the attention it merits. ISO 20022 is complicated and can seem downright mysterious even to payments specialists.

SBA Uses Do Not Pay List to Thwart Further PPP Fraud


High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox?

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Improving the Efficiency of Your Core Banking Processes Is as Easy as 1, 2, 3…

Strategically Speaking

As accounting scholar Robert S. Kaplan once said, “If you can measure it, you can manage it.” And when it comes to measuring the efficiency of core banking processes, he could not be more on point.

Blockchain takes on forgeries, counterfeits

Mobile Payments Today

Counterfeiting is an absolutely massive industry, logging in trillions of dollars every year. It can be a big threat both to consumers who unknowingly purchase these products and retailers as well looking to sell legitimate products.

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.

Malaysia's Mobile Money, Bangladesh's bKash Team With Ripple On eWallet Remittances


Blockchain-based global payments provider Ripple announced it has entered into an arrangement under which Malaysian mobile wallet provider Mobile Money, and bKash , a provider of mobile financial services to more than 45 million people in Bangladesh, will conduct transactions through the RippleNet network.

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More Trending

How can high human care boost your bank’s performance?


What are the best indicators of someone’s potential at work? If you said education, tenure, job level, industry, geography or company size, you’d be partly right. Our research found that these factors account for 9 percent of someone’s work potential. Nine percent is good.

Detecting Human Trafficking During COVID-19


January is Human Trafficking Awareness Month. The pandemic has fueled many of the risk factors for becoming a target for human traffickers. You might also like this webinar on human trafficking and major events. DOWNLOAD/WATCH.

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4 Ways to Ensure You’re Getting the Most Out of Your Technology Vendor Relationships

Strategically Speaking

We all know the drill. You have a technology need, so you begin researching options and solutions. Perhaps you send out an RFP. Then comes demos from vendors, meetings with your Senior Management Team, IT Steering Committee, and maybe the Board.

A new administration spotlights cross-border payments

Mobile Payments Today

Matt Montes is U.S. general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S.,

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!

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act


The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA).

OCC, SEC and FinCEN crypto verdicts empower banks, but anger fintechs

Payments Source

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S.

The Challenge and Impact of ISO 20022 for banks


The global adoption of ISO 20022 is the most far-reaching and widely underestimated development in payments today. It’s not shocking that the transition hasn’t attracted the attention it merits. ISO 20022 is complicated and can seem downright mysterious even to payments specialists.

5 Reasons Your Financial Institution Should Attend ThinkBIG 2021


Why Attend ThinkBIG 2021? With so many conferences to choose from, what sets ThinkBIG apart? See everything ThinkBIG has to offer. learn more . Takeaway 1 ThinkBIG 2021 features in-person and virtual options to accommodate attendees.

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.

API Driven Insurance-As-A-Service Can Learn From Banking

Daily Fintech

In earlier posts, I wrote of the ecosystem opportunity in insurance with references to embedded insurance. A tangible strategy in vogue for capitalizing on such opportunities is through an insurance-as-a-service approach.

Digital wallet adoption: how providers can sustain a competitive advantage.

Mobile Payments Today

Alexis Zukierman is the Business Development Manager at Intive, a global digital software and design company that accelerates digital transformation for products and services.

Jumio Sees Vaccine Passports Intersecting With Digital ID


For the travel industry, there is light at the end of the tunnel. Vaccines against COVID-19 are (slowly) being rolled out.

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6 ways consumers and fintech are changing the travel industry

Payments Source

COVID-19’s impact on travel has been dramatic, and it has forced both consumers and travel executives to re-imagine what travel will look like going forward. Digital payments B-to-B payments Coronavirus

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.

CBDC for Retail, Wholesale and International Payments


Central bank digital currencies (CBDCs) would help advance the digitalisation of payments and the economy as a whole. Retail, wholesale and international payments using CBDC would expand choices, enabling more diversified payment systems and greater autonomy for the central bank.

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Updated PPP 3508S, EZ Forms, Guidance; New 3508S Not Quite ‘Blanket Forgiveness’


Key Takeaways The SBA has rolled out updated PPP loan forgiveness applications and guidance to incorporate changes from the Economic Aid Act.

Rebeca Romero Rainey: You make an impact

Independent Banker

“From your focus on people to the good that you do, you make a lasting impact, and that’s what makes you uniquely who you are.”. When I consider what I love about community banking, I get a clear visual: overlapping concentric circles with one common center.

GreenPath Financial Wellness’s AI Approach to Finance Coaching

Mobile Payments Today

Through a partnership with eGain, GreenPath has launched a Virtual Finance Coach. This innovative AI-powered Coach shares friendly step-by-step guidance based on the customer’s interests, financial priorities and founded behavioral principles

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.

Robinhood May Sell Shares Directly To Users If It IPOs


Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO).

6 ways 2020 was a bad year for credit cards

Payments Source

The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries.

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CBDC and Technology: Enabling Blockchain to Drive Change


Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance. The key innovation is the adoption of a value-based, or token-based, approach to money.

Stopping PPP Fraud


How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox?

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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.