Sat.Jul 18, 2020 - Fri.Jul 24, 2020

2 Ideas From HMBradley That Your Bank Should Try

Banker to Banker

HMBradley is a fintech that has partnered with Hatch Bank, a subsidiary of Firstrust Bank ($3.7B, PA), to offer two innovations that we have talked about in the past, but few banks have executed.

Hey bank, get onto my cloud!

Chris Skinner

I’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud.

Google 326

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How open data can help in the post-pandemic era

Accenture

As I illustrated in my last post, there are already plenty of examples of open data innovations being used to help with the unprecedented disruption and uncertainty that the COVID-19 crisis has caused. The question now is: What’s next for Open Banking and open data more broadly?

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US Bank deploys smart assistant to boost digital banking

Mobile Payments Today

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app

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!

IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits

PYMNTS

The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ).

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More Trending

PPP Forgiveness Platform Opens Aug. 10 for Lenders: Here’s the 411

Abrigo

Key Takeaways The SBA's PPP Forgiveness Platform is expected to begin accepting applications for loan forgiveness from lenders on Aug. 10, the SBA said.

Wells Fargo taps Williams to drive digital strategy forward

Mobile Payments Today

Wells Fargo is looking to focus its digital banking strategy as it emerges from the COVID-19 lockdown and completes an organizational restructuring

Beyond compliance—the new API economy

Accenture

For leading incumbent banks, Open Banking is not just a regulatory imperative. It’s a new revenue opportunity and a source of competitive advantage that can be captured by making the right power plays in the application programming interface (API) economy. But what exactly is the API economy?

Pay-by-Nose, a new innovation

Chris Skinner

I blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent. It’s getting a bit ridiculous now however, when payments companies are designing payments for cats and dogs … or maybe it’s not … it’s just an extension of technologies that work for humans.

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.

How Mastercard Is Taking Crypto To The Point Of Sale

PYMNTS

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today.

What COVID-19 Might Mean For Your Branch Strategy

Banker to Banker

Chances are you were already reducing the number of your branches. Between the interest rate environment over the past several years, the increase in digital spend, and the quest for greater operating leverage, banks can no longer afford large branch structures and still return their cost of capital.

Three COVID-19 projections for payments in Europe

Accenture

My previous post looked at the tremendous impact the COVID-19 pandemic has had on consumer spending in Europe to date. This time, we’ll shift focus to the future and unpack what the pandemic will mean for key industry verticals and channels in Europe.

Tax me, I’m a millionaire

Chris Skinner

Well, I’m actually not. But there are a few out there and they’ve ganged together to create Millionaires for Humanity. The aim of this group is to get governments to tax them more.

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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.

Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

Megamalls are having mega problems. The two largest U.S. malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Located in Bloomington, Minn.,

The Next Step For Banks In Moving To SOFR

Banker to Banker

In the next twelve months, the transition from LIBOR to alternative Risk-free Rates (SOFR in the US) will take an important course. Banks with products tied to LIBOR need to understand the implications of ISDA Fallback Protocol and how to manage possible risks with this critical industry transition.

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The Re-bundling rhythm varies by region

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3

Things worth reading: 24th July 2020

Chris Skinner

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Instacart Denies Reported Data Breach Affecting 280K Users

PYMNTS

Hundreds of thousands of Instacart customers are having their personal data sold on the dark web, including the last four digits of their credit cards, and the data could include people who used the popular delivery app as recently as this week, according to a BuzzFeed News report.

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Could FIS use open banking to pry merchants away from card networks?

Payments Source

Merchants finally have a range of alternatives to accepting payment cards in Europe, thanks to open banking initiatives. But switching to instant payments is no easy decision, even if it's cheaper on paper. Fintech Online payments Digital payments FIS Payment processing

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Is this how we will be seeing how the insurance industry is changing?

Daily Fintech

It’s not disruption, innovation, or reaction to pandemic that is prompting change in the insurance industry- it’s all of those and more. Look at the news that comes in fire hose volume and force- Hippo raising $150 million for a $1.5

Things worth reading: 20th July 2020

Chris Skinner

Things we’re reading today include … Royal Bank of Scotland to change name to NatWest next week America’s banks batten down the hatches as pandemic takes its toll The U.S.

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

Indochino CEO: The Three Things Retailers Must Do To Survive 2020’s Big Digital Shift

PYMNTS

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience.

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Amex earnings show how steep the climb to recovery will be

Payments Source

Three months ago, Stephen Squeri, the chairman and CEO of American Express, declared a global "economic free fall" due to the coronavirus. Its second-quarter earnings show how far a fall it has been. B-to-B payments Earnings Coronavirus American Express China Credit cards Stephen Squeri

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XBRL: reporting costs for EU banks, iXBRL in US markets, IFRS taxonomy

Daily Fintech

Here is our pick of the 3 most important XBRL news stories this week.

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Things worth reading: 21st July 2020

Chris Skinner

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.