Sat.Jan 09, 2021 - Fri.Jan 15, 2021

Stopping PPP Fraud


How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox?

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Increasing Borrower Retention in Today’s Uncertain Times

SWBC's LenderHub

Today’s uncertain economic conditions and the continuing effects of the COVID-19 pandemic have left financial institutions scrambling to develop and implement consumer retention strategies to drive revenue. Collections Outsourcing


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7 Questions & Answers to Help You Turn Up the Efficiency

Strategically Speaking

Let’s take a look at efficiency. To be blunt, it’s never a bad time for financial institutions to look for solutions that can help boost efficiency – especially in a world that’s become accustomed to technology, speed, and convenience.

Blockchain takes on forgeries, counterfeits

Mobile Payments Today

Counterfeiting is an absolutely massive industry, logging in trillions of dollars every year. It can be a big threat both to consumers who unknowingly purchase these products and retailers as well looking to sell legitimate products.

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.

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act


The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA).

More Trending

Human Trafficking: Closer to Home Than You Think


Human trafficking is a global problem that affects us all. Often times people think human trafficking only happens in third world countries. This $150 billion industry is closer to home than you might think, but together we can prevent it. .

GreenPath Financial Wellness’s AI Approach to Finance Coaching

Mobile Payments Today

Through a partnership with eGain, GreenPath has launched a Virtual Finance Coach. This innovative AI-powered Coach shares friendly step-by-step guidance based on the customer’s interests, financial priorities and founded behavioral principles

Mastercard Launches Pilot Program Using Smartphones As POS Devices


Mastercard is testing a cloud-based setup that will “enable contactless payments acceptance via a mobile phone.”

Be a credit hero: How to manage problem loans


Managing loans amid COVID-19 is a big concern for middle market banks. They see the spike in non-performing loans coming—and the speed and scale at which it is happening. But there’s no playbook for the unprecedented.

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!

SBA Uses Do Not Pay List to Thwart Further PPP Fraud


High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox?

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Dynamic PII: The key to fighting payments fraud

Mobile Payments Today

Is your company assessing online fraud with a deterministic approach or a probabilistic approach? Beth Shulkin, VP of Global Marketing at Ekata shares her view on the best way to assess fraud risk in the payments landscape today

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Mexican Remittances Set Surprising US Record


Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico's central bank.

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4 Ways to Ensure You’re Getting the Most Out of Your Technology Vendor Relationships

Strategically Speaking

We all know the drill. You have a technology need, so you begin researching options and solutions. Perhaps you send out an RFP. Then comes demos from vendors, meetings with your Senior Management Team, IT Steering Committee, and maybe the Board.

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.

CDFIs Kick Off PPP Loan Submissions


Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas.

Identity Fraud in the Digital Age

Mobile Payments Today

The Identity Fraud in the Digital Age report, developed by Javelin Strategy & Research and sponsored by GIACT, details the challenges of preventing new and emerging fraud threats and what businesses should consider in their fraud prevention strategies for the year ahead

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New Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream


For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity.

Visa: COVID-19 payment habits may be here to stay

Payments Source

Going forward, most consumers expect to be offered a variety of digital payment options in-stores in a post-COVID-19 world and that SMBs expect that change to be permanent, a Visa study finds. Contactless payments Coronavirus Visa

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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.

API Driven Insurance-As-A-Service Can Learn From Banking

Daily Fintech

In earlier posts, I wrote of the ecosystem opportunity in insurance with references to embedded insurance. A tangible strategy in vogue for capitalizing on such opportunities is through an insurance-as-a-service approach.

Changing Landscape of Identity Fraud: Fraudsters Strike Back

Mobile Payments Today

According to Javelin Strategy & Research’s 2019 Identity Fraud Study, the total amount of identity fraud in 2018 amounted to $14.7BB and impacted 14.4MM adults in the U.S. — more than 5% of the total population. In 2020, amid the COVID-19 pandemic, the impact of fraud was higher than ever

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Salesforce Unveils Loyalty Management Platform For Businesses As Online Sales Boom 


Salesforce is rolling out a new product to let B2C and B2B companies easily add loyalty programs at a time when the company says online holiday retail sales grew 50 percent to top $1 trillion.


SWBC's LenderHub

Fortunes changed dramatically this week as the Democrats swept the two Senate runoffs in Georgia on Tuesday, giving them control in the Senate in the form of soon-to-be Vice President- Harris’ tie-breaker vote.

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.

In bid to buy Cardtronics, NCR aims to reinvent the ATM

Payments Source

CEO Michael Hayford wants to transform Cardtronics' ATM fleet into a distribution network for fintech services. But first he has to persuade the company to accept his offer. Fintech ATMs M&A NCR Cardtronics

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Securing Faster Payments: Addressing the Account Validation Rule

Mobile Payments Today

In advance of Nacha's upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, this report serves as a guide on how to apply proper account validation measures

Affirm Aims At Over $10 Billion Valuation In New IPO Filing


Buy now, pay later (BNPL) platform Affirm boosted the price range of its initial public offering (IPO), potentially raising $1.08 billion, according to a Monday (Jan. 11) filing with the Securities and Exchange Commission (SEC). The Silicon Valley startup is planning to offer 24.6

This Week in Fintech ending 15 January 2021

Daily Fintech

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

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.