Sat.Aug 22, 2020 - Fri.Aug 28, 2020

Cashless shouldn't leave underbanked behind

Mobile Payments Today

Cash and digital payments shouldn't be mutually exclusive, according to Steve Villegas, VP of Payment Partnerships, North America at PPRO. He shares his thoughts on how COVID-19 has impacted cashless society and why it shouldn't leave behind the unbanked

How Banks Differentiate to Protect Margins

Banker to Banker

Bank margins plummeted in the second quarter of this year as banks struggled to find lending opportunities outside of the low-yielding PPP loans. The banking industry net interest margin (NIM) dropped 42 basis points in Q2/20 from 3.16% to 2.74% - the largest percentage drop in history

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There's too much legacy tech, and that won't cut it in a digital world

Payments Source

The digital banking and payments wave needs more cloud computing and less hardware, says Ripple's Marcus Treacher. Fintech Digital payments Cloud computing Hardware and software

Open Banking: The right KPIs for business value

Accenture

In my last post, I talked about the importance of identifying and measuring the right key performance indicators (KPIs) to track the success of Open Banking initiatives.

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Retail consumers and the reason they use and love Bitcoin

Mobile Payments Today

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic

More Trending

Invoice Fraud Strikes Amazon In $19M Scam

PYMNTS

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon.

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Four ways banks can bolster their credit management

Accenture

In my previous post, I highlighted three overlapping phases of the looming credit crisis and the implications for banks.

Retail consumers and the reason they use and love Bitcoin

Mobile Payments Today

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic

Top 5 Regulator Hot Topics During COVID-19 and Beyond

Abrigo

Key Takeaways FinCEN and federal regulatory agencies have been increasingly transparent in the first three quarters of 2020. Regulatory agencies understand that these are different times and are prepared to be more flexible in their examination.

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!

Goldman Sachs Eyes Creating $2B Tech Fund

PYMNTS

Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing, sources told Bloomberg. The amount of the fund being $2 billion would make it one of the largest in the field, Bloomberg reported.

Here is a New Idea to Blow Up Your Bank’s Strategic Planning

Banker to Banker

If you are like 90% if banks out there, chances are your strategic planning process is not all that effective. Chances are your strategic planning process is a good budgeting exercise, but a poor driver of strategy.

Cash or cashless: The flaws in today’s payments debate

Mobile Payments Today

Cash and digital payments don’t have to be mutually exclusive; this is not a zero-sum game as the two payment options can exist together

Why NCR is taking supermarket tech down a different path than Amazon Go

Payments Source

The “Just walk out” technology Amazon Go stores introduced a few years ago was revolutionary for shopping and payments, but it’s a model most supermarkets can’t easily copy, according to NCR. Retailers Digital payments Point-of-sale NCR

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

How One Cloud-Native Business Bank Overcame Its Cloud-Migration Roadblocks

PYMNTS

Businesses and consumers alike are increasingly tapping new digital offerings for their financial needs as the ongoing COVID-19 pandemic shifts banking practices.

What every company should know about a data breach

ATM Marketplace

A data breach is not only inconvenient and frustrating for a company, but it can cost in revenue dollars and customer trust. How prepared is your company should a major data breach occur

Model portfolios remain a non-transparent part of asset-management

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. Model portfolios in the investment world are nothing new. They have been around for a long time and have always been unregulated.

How real-time payments erased borders for coronavirus-era commerce

Payments Source

With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic. Real-time payments Federal Reserve Brazil Cross border payments Faster payments ACH SWIFT Network rules

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.

Small Landlords Face Cash Crunch As A Third Of US Renters Don’t Pay

PYMNTS

Almost a third of renters in single-family or small multifamily properties couldn't make their August rent, according to CNBC , citing a survey by Avail , a tech and marketing platform for small landlords.

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How to Successfully Implement a Digital Solution

Gonzobanker

In today’s financial services environment, not serving customers digitally is not an option. Now that banks and credit unions have been forced by COVID-19 to stop or severely limit servicing customers in branches, financial institutions can no longer turn a deaf ear to the “digital is king!”

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Stablecoin News for the week ending Tuesday 25th August

Daily Fintech

Central Bankers should be very wary! Here is our pick of the 3 most important Stablecoin news stories during the week.

Capital One cuts card spending limits amid impasse in jobless aid

Payments Source

Some customers have complained of limits being slashed by one-third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores. Consumer lending Discover Financial Services Coronavirus Credit cards Capital One

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

COVID-Weakened EU Banks Fasttrack New Business Models

PYMNTS

The pandemic has fueled the need for European banks to restructure following years of poor performance.

Signs That It’s Time To Look For A New Credit Card

BankBazaar

You’ve been loyal to your plastic friend for close to a decade now, but are increasingly beginning to feel that it’s not giving you as much in return. Here are clear signs that you need to switch to a different Credit Card.

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An elephant will not forget…

Daily Fintech

All good things become other good things and as such will be my tenure at the Daily Fintech. Seventeen months ago, I was welcomed to the blog’s author cohort by DF’s Managing Editor, Bernard Lunn.

How the U.S. postal service could live on as a payments hub

Payments Source

The 2020 election has tossed the U.S. Postal Service under extreme scrutiny, pressuring the institution at a time when it has become a potential catalyst for financial inclusion. Compliance U.S. Digital payments Financial inclusion Bill pay Cash

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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.