Sat.May 22, 2021 - Fri.May 28, 2021

4 Unpredictable Financial Risks You Can Prepare For

Strategically Speaking

In banking there is, of course, always uncertainty and there are always unknowns. The current economic climate is no exception, and there are many reasons to make a special effort now to be proactive regarding financial risk.

The U.S. Pandemic Recovery is a Chance to Improve Digital ID

Payments Source

Risk Authentication Payment fraud

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How Banks Can Use Data to Connect With Customers

BankInovation

Prior to the pandemic, many bank customers were already utilizing online banking, downloading mobile apps, and opening new accounts digitally. These features had become more than a nice-to-have for financial institutions; they were essential offerings that customers expected from their bank.

Five reasons the cloud is a generational opportunity for payments right now

Accenture

The power of the cloud shouldn’t be news for any leader in payments today. Whether public, private, or hybrid, the cloud’s capabilities are widely known and beyond dispute. But cloud transformation is newly urgent.

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.

Swedish Central Bank Working With Handelsbanken For Digital Coin Trial

PYMNTS

Sweden’s central bank Riksbank said on Friday (May 28) that it is collaborating with lender Handelsbanken to test the digital currency e-krona, Reuters reported. The collaboration will test how the e-krona will be able to handle payments in an everyday setting, the bank said per the report.

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Cities work to bring fintech to underserved communities

Payments Source

Fintech Financial inclusion

Introducing The Altimeter, an inside guide to banking in the cloud

Accenture

As the Covid-19 pandemic abates in much of the world, banks are doubling down on their efforts to embrace banking in the cloud. The pandemic highlighted the relative ease and flexibility of moving to the cloud, and of accomplishing things never before imagined.

How Chase Bank Deployed Self-Service Innovations To Support Customers

PYMNTS

Self-service technologies were popular among consumers well before the pandemic accelerated them and prompted their adoption.

This Week in Fintech ending 28 May 2021

Daily Fintech

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

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!

B2B payments are table stakes for software vendors

Payments Source

B-to-B payments Payment processing Merchant

Open Banking and CDR: How to adapt your channel strategy

Accenture

In our last post, we ran through some of the monetisation options available to banks as they begin to look beyond compliance with the Consumer Data Right (CDR) to imagine their strategic role in the new open-data economy. Since that post, CDR has progressed significantly.

Machine Learning Helps FIs Identify Account Holders’ Fraudster Twins

PYMNTS

Digital banking has become the new normal over the past year, with 71 percent of all financial institution (FI) customers now regularly banking online.

XBRL News on a global sustainability standard, and Russia

Daily Fintech

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

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Interac's journey from debit to digital ID

Payments Source

Canada Debit cards PayDirt Digital ID Interac

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How the pandemic accelerated digital payments innovation

Accenture

The COVID-19 pandemic has pushed digital payments into a new era as businesses around the world were forced to switch quickly from in-store to online.

TripActions Debuts Savings Suite For Corporate Travel

PYMNTS

TripActions is rolling out a new savings suite to help corporates access discounts, cost-controls and other tools, a Thursday (May 27) blog post said.

Stablecoin News for the week ending Wednesday 26th May.

Daily Fintech

Stablecoins will strengthen the US Dollar as a reserve currency! Here is our pick of the 3 most important Stablecoin news stories during the week.

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 online commerce advanced while mobile lagged in the U.S.

Payments Source

Online payments Mobile payments

Digital change accelerates in Canada’s commercial banking sector

Accenture

The launch of the Canada Emergency Business Account (CEBA) last year was remarkable. In a few short weeks, Export Development Canada and financial institutions across the country stood up entirely new loan products and processes.

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Dubai Debuts Own Cryptocurrency Valued At $0.17 Per Coin

PYMNTS

Dubai is debuting a digital currency called DubaiCoin with an international starting price of $0.17 per coin, according to a press release. Consumers can use DubaiCoin to pay for goods and services, both online or in person, the release stated.

Benchmarking Innovation: What Do Indices Foretell?

Daily Fintech

In a recent analysis of innovation assessment scores, a new addition to its carrier credit rating framework, AM Best found scores a tad below those from a year ago. The drop, it claimed, was on account of pandemic challenges.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Bank of America, Wells Fargo Hit Minority Investment Targets

Banking Exchange

The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses Retail Banking Duties Lines of Business Feature Business Credit Financial Trends Feature3 Fair Lending Diversity Socially Responsible Investing. 1Retail Banking

Social shopping and new point of sale financing are the new normal

Payments Source

Social media Payment processing Merchant Facebook

PayPal, raiSE Team To Help SMBs With Digital Transformation

PYMNTS

PayPal is partnering with the Singapore Centre for Social Enterprises (raiSE) to help small- to medium-sized businesses (SMBs) and social organizations transition to digital operations, The Business Times reported.

DeFi Part 4. Watch and wait for honey says Pooh Bear

Daily Fintech

Pooh Bear followed Eeyore’s bearish view and Tigger’s bullish view at The Pooh Corner Debate on DeFi by calling on his moderator privilege to sum up. As he put it, “my name is on door so you have to listen to me”. He pointed to one slide with 4 risks; – Financial Risk. DeFi is […].

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.