Sat.Oct 24, 2020 - Fri.Oct 30, 2020

Treasury APIs | Future-proofing corporate banking


In my previous posts, I covered the potential that Open Banking and treasury application programming interfaces (APIs) offer both banks and their corporate customers and gave examples of some leading industry players.

A farewell to checks

Matt Wilcox Pro

Predicting the demise of checks isn’t new. But when banks abandon them, it’s a whole new ball game. The advent of debit cards predates my own advent, but I am familiar with the way bankers explained them to my parents’ generation: It’s the same as writing a check, just faster and easier.

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Creating an omnichannel marketing strategy for banking

Mobile Payments Today

Omnichannel marketing is a key factor in reaching and retaining customers today. Whatever channel a customer may be using, there is one thing they expect: a personalized experience. Mark Aldred, head of international sales for Auriga shares his insight on this topic

Deposit Marketing In the Age of Machine Learning

Banker to Banker

In the olden days, if you wanted to market deposits, the head of Retail would come to Marketing and say something like - “We need to raise deposits,” or “We have a new account opening platform that we need to market.”

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Visa To Acquire YellowPepper To Expand Network of Networks In LATAM


Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then.

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Fraud: Prevention tips from Visa

Mobile Payments Today

Fraud is something that continually affects the financial industry. Mike Lemberger, senior vice president and regional risk officer for Visa, North America, explains ways that Visa is helping disrupt fraud before it costs consumers and businesses

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A surge in cross-border payments brings MoneyGram back into profitability

Payments Source

MoneyGram's digital offerings are attracting different types of consumers into the company fold, CEO Alex Holmes said during the third-quarter earnings call. Cross border payments Digital payments Earnings Coronavirus MoneyGram

Hands Off: Touchless, Contactless Payments Drive Consumer Safety Preferences


That consumers are a bit gun shy when it comes to shopping in physical stores — particularly when it comes to checking out at the point of sale and having to share a touchpad with every other shopper that’s been in all day — is well known a little over a half-year into the pandemic.

Getting Ready For a LIBOR Transition

Banker to Banker

On October 23, 2020, the International Swaps and Derivatives Association (ISDA) published the much anticipated IBOR Fallback Protocol (Protocol). Firms that sign up for the Protocol agree to the spread adjustment and the fallback rates if LIBOR becomes unavailable in the future.

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!

To reduce cyber fraud, banks must shatter their security silos


When the global pandemic ends, banks should anticipate that the rate of fraud will likely have grown faster than at any other point in history. In some cases, losses could be material; losses to individuals and smaller commercial customers could be devastating.

Putting excess liquidity to work in today’s low-rate environment


Key Takeaways Financial institutions are currently awash with liquidity and competitive markets are squeezing rates.

Mastercard’s Cyber Secure Uses AI To Help Banks Fight Cyber Fraud


Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS.

BofA sees Zelle P2P cash gifts rise during COVID-19

Payments Source

Bank of America has seen a 33% increase in cash gifts flowing through the Zelle P2P app since the start of the pandemic, with total gifting volume reaching $1 billion. Bank of America Coronavirus P-to-P payments Zelle Cash

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Nurturing winners: how Hong Kong can seize its fintech potential


The perception that Hong Kong is behind other global financial and technology hubs on innovation both in fintech and technology, in general, is widespread.

Celebrating BSA/AML Day 2020


BSA/AML Day was created by Abrigo in 2017 to honor the hard work BSA/AML professionals do each and every day to protect our financial industry and country. It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny.

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Santa Takes The Digital Plunge For Holiday 2020


Today is an important day in history that your high school teacher almost certainly forgot to tell you about. On this day, Oct. 24, 119 years ago in 1901, a 63-year-old schoolteacher named Annie Edson Taylor became the first person to successfully go over Niagara Falls in a barrel.

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10 ways fintech, payments industry donors are betting on Democrats

Payments Source

The 2020 election could draw the most voters in history, along with a record haul for campaign contributions, with fundraising thus far favoring Democratic candidates both generally and in the finance and technology industries, which cover most financial institutions and payment firms.

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.

Universal Basic Income – A 40yr old UBI & the latest experiments

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. The social need for a Universal Basic Income and its social and economic implications have not subsided.

Are Negative Interest Rates In Our Future?

Strategically Speaking

The COVID-19 pandemic has significantly impacted our economy in 2020, triggering unprecedented fiscal and monetary stimulus by the federal government and the Federal Reserve. This massive outlay of money will have long-term effects on all aspects of the economy moving forward.

Why PDFs Aren't Enough To Digitize The Procure-To-Pay Workflow


Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume.

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UBS plans to invest $200 million in fintech startups

Payments Source

UBS Group AG plans to invest $200 million of its own money in fintech companies over the medium term in a push to further digitize its services and find new ways to engage with clients. Fintech UBS

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

?lea iacta est… PayPal crosses over to Bitcoin

Daily Fintech

When Julius Caesar crossed the Rubicon, he uttered the famous phrase ?lea lea iacta est (“the die has been cast”). On the October 21st, we had one of those moments and passed the point of no return.

Evolution of ATM acquiring software

ATM Marketplace

Traditional ATM Acquiring architecture needs an infrastructure upgrade to be able to remain relevant within the context of more digital channels and changing customer behaviors.

Foreign Investors Stand To Gain $8B With Ant Group’s IPO


Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports.

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JCB in pact with Riyad Bank to expand in Saudi Arabia

Payments Source

JCB International has entered an acquiring partnership with Riyad Bank to enable acceptance of JCB cards at merchant terminals and ATMs throughout Saudi Arabia. Acquirers JCB Saudi Arabia Japan

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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.