Sat.Feb 20, 2021 - Fri.Feb 26, 2021

Hone Your Edge: Why Digital Fluency is Key to Banking Performance

Accenture

Which musical artist has had the longest-running streak at the top of the Billboard Hot 100 list? If you guessed The Beatles, Madonna or Prince, guess again. The answer: Lil Nas X. The singer-rapper holds the record with “Old Town Road.”

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Are We Reflating Yet?

SWBC's LenderHub

You can almost hear the nervous laughter reverberating across financial markets with the jump in yields on the longer end of the yield curve. Since the end of January, yields on the 10-year Treasury note have jumped over 25 basis points, blasting through the 1% barrier. Capital Markets

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Trending Sources

Hunting for Crypto Unicorns

Daily Fintech

This week, on Tuesday, Bitcoin’s price set a new all-time high of more than $50,000. This week, on Friday, Bitcoin’s market cap exceeded $1 trillion. This week, on Saturday, Bitcoin’s price set another all-time high, crossing $57,000. What a week it’s been.

Facebook Mulls 2021 Launch Of Facial Recognition Glasses With Ray-Ban

PYMNTS

A Facebook executive confirmed that the social media giant could release facial recognition glasses this year in partnership with Luxottica , the maker of Ray-Ban, Buzzfeed reported on Thursday (Feb.

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.

Europeans are skeptical about their banks. Here’s what the data tells us

Accenture

After surveying over 47,000 consumers across the globe, our recently released 2020 Banking Consumer Study surfaces important consumer trends, behaviours and beliefs. As the lead for Strategy and Consulting in Europe, I wanted to narrow the scope of our research to talk specifically about the region.

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More Trending

More than half of Square’s revenue now comes from bitcoin trading

Payments Source

The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency. Square Earnings Bitcoin

Gift Cards Become Employee COVID Vaccination Incentives

PYMNTS

The vaccines are here, and while rolling them out has presented some logistical hurdles across the country, employers have been ramping up efforts to get their respective workforces vaccinated in the bid to return to (some semblance of) normal. Some have even extended financial rewards to do so.

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Four keys to boosting digital fluency (and bonus: becoming more agile)

Accenture

As I introduced in my previous blog post, digital fluency is essential for banks’ performance in the near-term (to support remote and hybrid working) and long-term (to unlock the full benefit of digital transformation). But what does it look like in practice?

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SBA’s PPP Temporarily Closing to Firms With 20+ Employees

Abrigo

PPP Limits Applications to Small Firms Starting Feb. 26 for 14 Days. The goal is to reach the smallest and neediest firms, according to the SBA and Biden White House. Would you like others articles like this in your inbox? Takeaway 1 Starting Feb.

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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!

BNY Mellon sees a global role for banks to manage digital dollars

Payments Source

Governments are digitizing money, creating a need for banks to provide rails to connect consumers and central banks. Digital currencies BNY Mellon Cryptocurrencies

Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue

PYMNTS

At Square , it’s getting hard to separate bitcoin from dollars. The company’s fourth-quarter financials reported on Tuesday (Feb.

Take care of your people to take care of your bank

Accenture

Middle market banks have done so much to help their employees during the pandemic. They’ve reskilled branch workers to process PPP loans. They’ve helped call center staff transition to remote work. They’ve supported employee health and well-being. But none of this surprises me.

The Internet Of (Insured) Things Part 3: Commercial Lines

Daily Fintech

Commercial insurance plays a crucial role in global economies. It shields businesses from failure by assuming risks in production of goods and services. In USA alone, there are over seven million small businesses, ranging from construction firms to grocery stores to home-based businesses.

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.

SEC heat on Ripple gives MoneyGram pause, even as digital channel grows

Payments Source

With the SEC probing Ripple, MoneyGram sidelines its partner to nurture online operations, which hit a milestone by surpassing in-store Walmart remittances in December. Remittances Earnings Ripple MoneyGram Cryptocurrencies

Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen

PYMNTS

Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Treasury Secretary Janet Yellen said at a virtual conference held Monday (Feb. 22) by the New York Times that central banks should examine creating and issuing sovereign digital currencies.

What Your Loan Pipeline Data Is Telling You

Banker to Banker

If you’re a bank that keeps a loan pipeline report, chances are you have some excellent data that will form the basis of making your bank more efficient. Of the key performance indicators (KPI), tracking length of time to close, approval rates, fall out rates and lost rates are likely on the top of your list to manage to. In this article, we look at some typical rates, what they might mean for your bank and how to improve the ever-important throughput

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Alt Lending Week Ending 26th February 2021

Daily Fintech

Bitcoin Plunges $10,000. Writing about lending encompasses the whole world of risk taking with other peoples money. After all what does a bank do or supposed to do? Take in deposits ie surplus money and lend it to people who need it.

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.

Amex offers restaurants a lifeline via National Trust for Historic Preservation

Payments Source

The organizations are working to deliver $1 million in grants to help some of the most treasured and vulnerable restaurants in the U.S. get through the pandemic. Corporate philanthropy American Express

State Bank Of India Joins Liink, JPMorgan’s Blockchain Network

PYMNTS

The State Bank of India (SBI) is joining Liink , J.P. Morgan’s peer-to-peer blockchain-based data network, according to a report from The Economic Times. The partnership will help SBI increase the speed of customer transactions, including cross-border payments, and lower the costs.

Market Commentary: Week of February 22, 2021

SWBC's LenderHub

Last Week: Last week was dominated by the surge in long-term interest rates and a steepening of the yield curve. The 10-year Treasury jumped 13 basis points, while the two-year remained firmly anchored.

Stablecoin News for the week ending Wednesday 24th February.

Daily Fintech

Privately issued Stablecoins are a BIG deal! Here is our pick of the 3 most important Stablecoin news stories during the week. In January 2021, stablecoins processed $308 billion in transactions compared to bitcoin’s $297 billion.

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.

Why faster payments are critical to the gig economy

Payments Source

More people are joining the gig economy, and a major driver of this trend — particularly for those working multiple gigs — is a need for faster access to cash to meet expenses. Faster payments Gig economy

Corporates Take A Deeper Dive Into Blockchain

PYMNTS

Blockchain and digital currencies continue to garner more attention among corporate finance leaders and their financial service providers, with this week’s Payment Rail Innovation tracker finding financial institutions (FIs) and FinTechs investing more heavily in the infrastructure to facilitate B2B payments.

The Creative Superpower: The Impact of High Performing Creative Teams on Business Performance

Strategically Speaking

“If marketing were a science, we would have figured out the perfect formula by now. The reality is that people make decisions based on emotion. Tapping into that emotion and using it to drive business outcomes is the creative superpower.” – Adam Morgan, Executive Creative Director at Adobe. Digital

Part 4: What changes can we expect in future?

Daily Fintech

Politicians and media are all over this story like a cheap suit. Much change will come from all of this. Here is my rating (high, medium, low) on 8 possible changes: Front running by buying order flow becomes illegal; high.

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.