Sat.Jun 20, 2020 - Fri.Jun 26, 2020

Wirecard or Weirdcard?

Chris Skinner

Another day and another headline about Wirecard: ‘The money’s gone’: Wirecard collapses owing $4 billion Wirecard’s Missing Billions Forces Out CEO, Panics Lenders Wirecard: Former boss arrested over €1.9bn scandal How Wirecard fooled most of the people all of the time Inside Wirecard Why was Frankfurt so blind for so … The post Wirecard or Weirdcard? appeared first on Chris Skinner's blog. Case Studies Digital Bank Fintech Future Grid

Six contactless technologies for restaurants in a post-pandemic world

Mobile Payments Today

Restaurants looking to recover from the COVID-19 pandemic should consider a series of contactless ordering and payment technologies that will help bring customers back in a secure and healthy environment

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Square’s withholding practice is an alarm for all payment facilitators

Payments Source

Square has begun holding onto a portion of some sellers’ payments, demonstrating how liquidity shortages challenge the recovery for both businesses and the companies that process their payments. Alternative acquirers Square Mobile point-of-sale Risk management Point-of-sale Retailers

HSBC Hong Kong Announces New API For Instant B2B Payments

PYMNTS

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. The service will let businesses incorporate the instant electronic Direct Debit Authorisation (eDDA) into their own systems, along with real-time funds transfer services.

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.

Is FinTech getting it wrong? Focus on needs and wants

Chris Skinner

A friend of mine, Alessandro Hatami, wrote an interesting piece on Sifted that I shared in my news yesterday. He claims that neobanks like Monzo and Starling are not reinventing banking at all. They’re just modifying and improving it. Alessandro then goes on to cite the key things that banking … The post Is FinTech getting it wrong? Focus on needs and wants appeared first on Chris Skinner's blog. Digital Bank Grid Opinion

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Transforming core banking with the right technology

Accenture

We all know the industry is rapidly moving to digital. Evidence from our banking market research—and echoed by the current pandemic environment—suggests that we have indeed moved into a period of volatility and industry change, and that digital maturity is at least one of the factors that will separate future winners from losers. The question…. The post Transforming core banking with the right technology appeared first on Accenture Banking Blog.

Revolut Adds Amex To Open Banking Feature

PYMNTS

Revolut Ltd., the British financial technology company headquartered in London, has added American Express to its open banking platform. The feature allows customers in the United Kingdom to connect their American Express accounts to Revolut , allowing them to see their balances and transactions in a single app. Before this addition, Revolut shoppers could access American Express balances and transactions only through Amex’s online banking service or app.

The world’s best banks, according to Forbes

Chris Skinner

Forbes just launched a list of the world’s best banks, based upon a survey of over 40,000 consumers in partnership with Statista. I’m always wary of such surveys as, like influencer lists, they often reflect the world they want and miss a lot of what’s really happening. Nevertheless, there are some … The post The world’s best banks, according to Forbes appeared first on Chris Skinner's blog. Digital Bank Future Grid

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2020 Guide: Building a high-performance mobile money business strategy

Mobile Payments Today

For aspiring mobile money businesses, the potential rewards are great, but building a robust and flexible growth strategy (and curating the right technology to power that strategy) remains a challenge. Learn how to reduce risk and drive adoption with one of the industry’s leading mobile transaction innovators

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!

Coronavirus has upended payments, and fintech investing

Payments Source

Micro-investing apps that can enable payments, savings management and investment all in one place will gain favorable consideration from investors and consumers alike, says Naples Technology Ventures' Tom Hogan. Fintech Investments Digital payments Coronavirus

Telegram: Breach Exposed Millions Of Users’ Data

PYMNTS

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. The database, which was exposed on a darknet forum, included users’ phone numbers and unique Telegram user IDs, according to the report.

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An economic catastrophe and an apology

Chris Skinner

I got hauled up the other day by someone who thought I was very insensitive in blogging about this crisis as an economic one, but not a catastrophic one. What I actually wrote was (I’ve amended it slightly since): Someone wrote the other day that this pandemic is like a world … The post An economic catastrophe and an apology appeared first on Chris Skinner's blog. Crisis Future Grid

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Mastercard acquires Finicity for $825M

Mobile Payments Today

Mastercard is buying Finicity in an $825 million agreeement that is aimed at enhancing the company's open banking presence in North America

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.

VCs bet on digital payments to reopen the economy

Payments Source

Checkout.com’s $150 million funding round triples the e-commerce company’s valuation to $5.5 billion, and it follows an even larger $600 million bet on Stripe earlier this spring. Fintech Digital payments Venture funding Venture capital

Amazon Adds Driverless Car Maker Zoox To Its Portfolio For $1.2B 

PYMNTS

Amazon will reportedly pay more than $1.2 billion to acquire Zoox , the Foster City, California self-driving technology company, the Financial Times (FT) reported. . While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry into ride-hailing.

Coronavirus: from lockdown to bailout oh, and the issue of financial exclusion

Chris Skinner

There are lots of ways in which FinTech is changing the world, and the one we love to discuss the most is financial inclusion. The figures stun me. Over a billion people have been banked in the last decade, according to the World Bank. 69 percent of adults – 3.8 … The post Coronavirus: from lockdown to bailout oh, and the issue of financial exclusion appeared first on Chris Skinner's blog. Crisis Future Grid

Game on: The Gaming Opportunity Unraveled

Mobile Payments Today

Video Games and eSports or “Gaming” isn’t the domain of just the young any longer, with a much broader demographic getting on the bandwagon with new advancements in mobile connectivity, hardware and experiences

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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.

Bringing fans back to sports requires rethinking payment technology

Payments Source

It's not enough to just get rid of cash or go contactless. There's an entire experience to consider, says Tappit's Jason Thomas. Risk Mobile payments Digital payments Coronavirus Payment processing Merchant

PayPal Reportedly To Offer Direct Crypto Sales

PYMNTS

PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. The FinTech giant, which has 325 million customers, will allow this feature for those who want a new wallet functionality for the popular service, according to unnamed sources, the report said. It would be an upgrade of the current PayPal functions for withdrawing funds from sources like San Francisco’s Coinbase.

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The Finanser’s Week: 15th June 2020 – 21st June 2020

Chris Skinner

The main blog headlines are … This is no Black Swan (Part Two) I was having a bit of ding-dong over my article about the coronavirus pandemic being perfectly predictable and not a black swan. There are many who believe the reaction to the pandemic is a black swan, as … The post The Finanser’s Week: 15th June 2020 – 21st June 2020 appeared first on Chris Skinner's blog. Blog Index Grid Reading

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Banking-As-A-Service for Corporations The Next Wave

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia Just like you don’t need to be a qualified journalist to build a blogging empire, or train as a professional photographer to be become a high earning Instagram […]. The post Banking-As-A-Service for Corporations The Next Wave appeared first on Daily Fintech. Small Business Fintech

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.

Small transactions are missing out on the contactless wave

Payments Source

To truly bridge the gap for moving small-dollar transactions to mobile and contactless, there are still vast areas of the retail industry that will need to adapt to accept cashless transactions. Contactless payments Mobile payments Digital payments Payment processing Merchant

Former Toast Executive To Lead Growth Push At Lunchbox

PYMNTS

Lunchbox is hoping former top Toast executive Sarah Kabakoff will provide the boost needed to take the restaurant-ordering platform to the next level. The New York-based omnichannel restaurant platform announced Monday (June 22) it had hired Kabakoff as vice president of solutions. In her new role, Kabakoff will oversee Lunchbox’s “go-to-market strategy” aimed at giving restaurants an alternative to third-party ordering sites.

Things worth reading: 26th June 2020

Chris Skinner

Things we’re reading today include … US Treasury sent $1.4bn of pandemic aid to dead people The IMF downgrades its global growth forecasts How Wirecard fooled most of the people all of the time Reserve Bank warns of 25% GDP loss by 2100 unless action taken on climate change Inside … The post Things worth reading: 26th June 2020 appeared first on Chris Skinner's blog. Reading

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Grown-up Fintechs have done very little in transforming banking culture

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. We live in a world that has increased its expectations from the corporate sector in terms of their social responsibility now and going forward. We monitor closer and expect much […]. The post Grown-up Fintechs have done very little in transforming banking culture appeared first on Daily Fintech.

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.