Sat.Aug 21, 2021 - Fri.Aug 27, 2021

USDC Now Backed By Cash, US Treasuries

PYMNTS

Cryptocurrency exchange Coinbase and network C e ntre are collaborating to support Circle's USD Coin , which is now backed by cash and short-term U.S. Treasuries, according to a Centre blog post and multiple news reports.

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What purpose-driven banking leaders do differently

Accenture

It’s an axiom among data-minded people that “In God we trust; all others must bring data.” Today we’re going to apply that idea to the hypothesis that purpose-driven banks outperform their peers.

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XBRL News about the SPAC attack, EDGAR’s API and ISO

Daily Fintech

Back to regular programming with three notable XBRL related news items from the past week. 1 Workiva Stock – SPAC attack XBRL service providers have seen revenue increase thanks in part to a hot IPO and SPAC (special purpose acquisition company) market.

FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19

Abrigo

COVID-19 creates new opportunities for fraudsters Fraudsters have taken advantage of COVID-19-related fraud schemes with the influx of money from government stimulus and vulnerable individuals. Would you like others articles like this in your inbox?

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Arab Bank To Back Egyptian FinTech, AI And Cybersecurity Startups

PYMNTS

Arab Bank has launched an Egypt branch of its FinTech, artificial intelligence (AI) and cybersecurity accelerator, the bank announced in a press release posted by investment companies in the region. The bank launched the first of what it calls AB Accelerators in Jordan in 2018.

More Trending

Stablecoin News for the week ending Wednesday 25th August.

Daily Fintech

The rise and rise of Stablecoins! Here is our pick of the 3 most important Stablecoin news stories during the week. This week saw new stablecoins, improved stablecoins and news from much anticipated stablecoins.

Independent Loan Review: 3 Advantages for Financial Institutions – Video

Abrigo

Gain an Edge with Loan Review Function Independent loan review helps financial institutions achieve growth goals and win over competitors, Consultant Ancin Cooley explains in this video. You might also like this webinar: "Create & Maintain a Successful Loan Review Function" WATCH .

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Social Media Speed Bump Could Slow Path Of Cryptos’ Main Street Ambitions

PYMNTS

In the age of social media, anyone, at any time, can rise up to become an influencer. And they can encourage the masses to do any number of things. Try makeup or read a “hot” new novel.

As Open Banking gathers momentum, smart banks get ready

Accenture

Today’s steady flow of customer data enables banks, non-banks and fintechs to take advantage of ecosystems and platforms to offer hyper-relevant, personalized products and services.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

This Week in Fintech ending 27 August

Daily Fintech

This week, as summer ends, our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Navigating Consumer Lending Challenges for Profitability

Abrigo

Takeaway 1 Many tasks consumers once did in person have been transformed by digitalization – including retail banking. Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience.

Bakkt CEO: Convergence Of Crypto, Rewards and Loyalty Will Enable ‘Pay With Anything’ Era

PYMNTS

It seems that pretty much anything can be turned into a digital asset these days — that is, if it hasn’t been converted already.

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Harnessing The Power of the Human Connection

Strategically Speaking

The Human Touch. It’s just another weekday at Mazama’s. As I stand in line, I watch as a woman gracefully moves from one task to another with ease. She makes eye contact and greets every person who comes through the door.

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Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Alt Lending week ending 27th August 2021

Daily Fintech

Revolut to take on payday loans industry Revolut is certainly not averse to enter new areas and has recently announced that it is launching a new reason why workers should get their salaries paid into a Revolut account by essentially providing clients with the ability to draw them down in advance of payday. So […].

Credit Card Issuers Struggle to Meet Evolving Customer Expectations

Banking Exchange

Study finds that midsize credit card issuers report greater drop in customer satisfaction levels compared to national counterparts Retail Banking Financial Trends Feature Feature3 Financial Research Cards Payments. 1Retail Banking

Sightline Payments Bets On Cashless Casinos For The Future Of Live Gaming

PYMNTS

When the pandemic hit in March 2020, digital payment and payout options in North America’s corporate and tribal-owned casinos were almost nonexistent.

Now is the Time to Diversify Revenue Generation

Strategically Speaking

As many of you are aware, there is a proposal in Congress to cap debit interchange, and it’s likely to pass into law. For institutions with less than $10B in assets, the cap could eliminate 25% to 35% of interchange income.

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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.

Knock, Knock. Who’s there? Bitcoin

Daily Fintech

Bitcoin’s price hit $49,803 on Saturday afternoon, the highest it has reached since March 5, 2021. After trading between $30,000 and $40,000 for several weeks, bitcoin is nearing the key $50,000 level as it continues to climb back toward high points seen earlier this year.

Market Commentary: Week of August 23, 2021

SWBC's LenderHub

Last Week. A combination of relatively hawkish July FOMC minutes and softer global economic reports gave risk markets a slightly negative tone last week. Additionally, industrial commodities took it on the chin, led by WTI crude, which fell over nine percent.

Australia’s Airwallex Launches Its Cross Border Services In US

PYMNTS

Melbourne, Australia-based FinTech Airwallex announced in a press release it will operate under newly-approved licenses in the United States — the first North American country in which it has a presence.

Credit union uses ITM to handle COVID-19

ATM Marketplace

Banks have struggled to keep branches operational during COVID-19. Credit unions in particular, had major issues adjusting since many unions thrive on that in-person, family environment. However, for one credit union, ITMs helped keep that personal touch alive

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Rising Ransomware Attacks force Rate Corrections, raise concerns on Viability

Daily Fintech

A continuous wave of ransomware attacks since early 2020, has destabilized critical infrastructure around the world and exacerbated the pandemic’s economic distress. Insurers that protect companies against cyberattacks are shoring up prices with cyber policies reaching unheard-of price levels.

Financial services businesses charging towards cloud computing technology

Banking Exchange

Increasing use of cloud technology set to transform financial services businesses Technology Outsourcing/Cloud Tech Management Online Feature3 Fintech Feature Financial Trends. 1Technology

Facebook Ties Novi Launch To Diem, May Include NFT Features

PYMNTS

Facebook is planning to link its launch of the Novi digital wallet to the debut of the digital coin Diem, according to David Marcus , who oversees F2 (Facebook Financial), in an interview Wednesday (Aug. 25) on Bloomberg Television.

Bank Customer Experience Summit to address fintech strategies for customer experience

ATM Marketplace

Fintech companies are continually developing innovative strategies to reach out to a changing customer base during uncertain times. The Bank Customer Experience, being held in Chicago from Sept. 13 to 15, will deliver multiple sessions on fintech strategies and how to use them

Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.