Sat.Aug 07, 2021 - Fri.Aug 13, 2021

Delight customers with easy and invisible payment experiences

Accenture

In early 2020, when the COVID-19 pandemic shut down many everyday services, people discovered new ways of doing things—like grooming their pets or styling their own hair. Doing these things involved mainly online purchases.

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FinTech Company Nubank Eyes $2B IPO

PYMNTS

Brazilian neobank Nubank is readying an initial public offering (IPO) greater than $2 billion by year’s end, according to a Thursday (Aug. 12) report from Bloomberg. As PYMNTS reported previously, this is not the first time the Latin American FinTech company has reportedly considered an IPO.

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The Progressive Edge In Usage Based Insurance

Daily Fintech

Progressive Insurance has risen from modest beginnings since being founded in 1937. After its 1986 IPO, it has delivered 20.5% CAGR vs 9.9% by S&P 500. Personal auto insurance (with specialty lines of watercraft, RVs, motorcycles) remains the biggest revenue source.

Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review 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.

Why banking’s ‘electric car moment’ will create new winners and losers

Accenture

No matter what they drive, bankers today should pay attention to the electric car space. It’s a striking example of how an innovator with a tech edge and strong sense of purpose can upend a mature industry and force incumbents to compete on their terms.

More Trending

Stablecoin News for the week ending Wednesday 11th August.

Daily Fintech

Should Stablecoin issuers be regulated like a Bank? Here is our pick of the 3 most important Stablecoin news stories during the week. This week has seen Crypto centre stage in Washington as the fight over a tax amendment to the massive Infrastructure bill rages on.

3 Ways Deposit Escrow Management Software Can Help You Drive Growth

Strategically Speaking

Constant economic changes, evolving customer expectations, emerging technology, and other market challenges have forced banks to be even more innovative in their strategies to achieve business goals.

How BNPL’s growth is forcing a high-stakes choice on UK banks

Accenture

Point-of-sale (POS) financing is one of the most interesting and dynamic areas of payments innovation today. Disruptive new entrants and macroeconomic trends are driving real change across the market. The ‘buy now, pay later’ (BNPL) sector is of particular interest here.

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Alchemy Pay Will Offer Virtual Crypto MC, Visa Cards 

PYMNTS

Hybrid crypto-fiat gateway Alchemy Pay will be launching what it calls “virtual crypto-linked cards” that it says will speed up the use of cryptocurrencies in the payments sector. .

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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 13 August 2021

Daily Fintech

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

Boost Your Bottom Line by Changing the Conversation on CX

Strategically Speaking

Banks and credit unions have known for years that experience matters. We know that customers and members, particularly mobile-first digital natives like Millennials and Gen Z, expect the same speed and ease-of-use they experience with Instagram and Uber from their financial institutions.

Three significant innovations leading banking accessibility

Accenture

In my previous post, I highlighted a few of the incredible innovations we saw during the Efma-Accenture Banking Innovation Awards in 2019.

Bank BBVA Teams With Ant’s Blockchain Platform Trusple

PYMNTS

Bank BBVA , recently acquired by PNC Financial Services , is now offering payment and financing services on Trusple — China’s Ant Group’s blockchain platform for global trade.

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.

XBRL News about OIM and ESG

Daily Fintech

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

Effectively managing loan lifecycle risk

Banking Exchange

Among the many trends that have recently developed in the commercial lending world, industry disruption seems to be a common thread Risk Management Retail Banking Technology Feature3 Feature. 1Risk Management

The ticking timebomb of SCA enforcement for UK ecommerce

Accenture

While it’s no secret that the pandemic has supercharged digital payments adoption, the scale of the change in ecommerce is still breath-taking. Global ecommerce retail sales totalled $3.5 trillion in 2019. In 2021, they are forecast to reach almost $5 trillion.

JPMorgan: A Digital Strategy Without A Data Strategy Is No Strategy

PYMNTS

These are busy days for Lisa Davis , managing director, head of digital channels at J.P. Morgan Chase.

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.

The end of Ethereum mining. What does mean for Ether’s price?

Daily Fintech

Bitcoin and Ethereum hit their highest value in more than two months, as the market faces uncertainty because of regulations in the United States’ infrastructure plan. Early Sunday morning, bitcoin surged as much as 3.1% to over $45k, the highest price since May. Ethereum gained as much as 3.5%

Market Commentary: Week of August 9, 2021

SWBC's LenderHub

Last Week. The volatility in rate markets last week was one for the ages. The week was a tale of two markets. The first was the continuation of the punishing rally that has burned shorts and frustrated yield chasers.

How to tap marketing to boost your ATM presence

ATM Marketplace

When it comes to ATMs, most banks are fairly good at branding. Most post large signs and symbols that clearly communicate to customers that this is their ATMs. But when it comes to marketing, many banks fall behind. Here's how to catch up

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Merchants Can Now Accept e-RUPI Through SBI, Hitachi Payments

PYMNTS

Mumbai-based Hitachi Payments , a shareholder of SBI Payments , will be teaming with SBI on letting smaller companies accept e-RUPI transactions, a press release says. The e-RUPI is a single-use, prepaid voucher that allows for sending to recipients, and then can be used for a specified payment.

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!

Part 2 Tech is neutral and bad young Fintech is as bad as old legacy Fin. 

Daily Fintech

The Google founders famously put “don’t be evil” into their corporate code of conduct, softening it to “do the right thing” in 2015 and de-emphasized it again in 2018. The reality is that tech companies have only one mandate which is profit for shareholders.

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Do large and small banks need different prudential rules?

BankUnderground

Austen Saunders and Matthew Willison. Banks come in different shapes and sizes. Do prudential regulations that work well for big banks work as well for small ones? To help us find out, we measure the effectiveness of some key regulatory ratios as predictors of bank failure.

Non-traditional branches: A new approach for a changing world

ATM Marketplace

The world has changed and with it consumer banking habits. How do financial institutions keep up with these changes while still offering their customers exceptional branch experiences

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API Links FinTechs To Fed Payment Rails

PYMNTS

If done right, the expansion into high value, real-time B2B payments will be a “huge game changer,” Reserve Trust CEO Dave Wright told PYMNTS, pointing to the multi-trillion dollar opportunity that exists to digitize, modernize and democratize this largely untapped slice of the market.

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.