Sat.Feb 13, 2021 - Fri.Feb 19, 2021

The Fellowship of the LOS

Strategically Speaking

I love a good Lord of the Rings reference. Case in point, it may sound like fantasy, but have you thought how consolidating your multiple loan origination systems (LOSs) could bring all lending functions into fellowship? See, there I go again! Featured Lending

Work From Here Movement Transforms Long-Term Rental Market

PYMNTS

Before the pandemic, the long-term rental market’s demographic was fairly well defined. It was made up of business travelers on location for an extended but temporary period.

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Success Criteria for an Effective Sales Enablement Program

Perficient

Previously , I discussed the role of sales enablement in investment management. This blog analyzes how technology and the right team can improve your sales enablement program.

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Virginia-based bank provides Bitcoin access at ATMs

Mobile Payments Today

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency.

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.

Financial Services firms turn to data ethics to manage digital risks

Accenture

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1

More Trending

Tesla buys $1.5 billion in bitcoin. Are you buying?

Daily Fintech

Today is Valentine’s day and many people around the world are celebrating the day with their loved ones. HODLing bitcoin is like being in a relationship, with its share of ups and downs. But on this day, like on past Valentine’s days, bitcoin once again showed us some love.

A note from the editor

Mobile Payments Today

This isn't an ending: it's a whole new beginning

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Sibos podcast: Top 10 banking trends for 2021

Accenture

As the calendar turns to another , one of the things I look forward to is putting together my annual Top 10 Banking Trends report. It’s a chance to connect with colleagues and clients and reflect on what the year gone by means for the year ahead in the banking industry and then capture that….

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Partner Or Compete? Banks Can Take Hybrid Approach With FinTech Innovation

PYMNTS

In a mid-January conference call with analysts, J.P. Morgan Chase CEO Jamie Dimon told analysts that his firm, and other banks , should be scared “s—tless” by FinTechs.

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!

This Week in Fintech ending 19th February 2021

Daily Fintech

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

Marqeta branches into digital credit card issuing and processing

Payments Source

Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too. Digital payments IPOs Cards

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What happens when talent strategy has Board oversight?

Accenture

COVID-19 has upended so much, from our daily lives (hello, home schooling) to long-held beliefs about how business should work. Historically, workforce and talent strategy has been siloed within the HR function.

Stripe Reportedly Gets $115 Billion Valuation From Investors

PYMNTS

Stripe is reportedly valued at $115 billion by investors in “secondary market” deals, according to a Forbes report, which noted that the amount is more than triple the $36 billion valuation the company garnered at the time of an April 2020 investment from venture firms.

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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.

Overcoming Loan Growth Challenges in 2021

Banker to Banker

January is typically a slow month for loan production at community banks, and the pandemic-hampered economy made the month even more challenging for many banks. The data from the Federal Reserve’s H.8 report showed that all loans were essentially flat in January for banks

Digital cash management maximizes open banking's impact

Payments Source

With the introduction of open banking, different department managers have wider access to modern transaction tools, says Trovata.io's s Brett Turner

The Internet Of (Insured) Things Part 2: Connected Homes

Daily Fintech

Savvy consumers are cozying up to “Internet of Things”, welcoming smart doorbells, access controls and monitors that report incidents. These devices autonomously control parameters, bolster security and delight through optimizing home entertainment.

Visa Direct Powers Off-Cycle Payroll For ADP’s Wisely Platform

PYMNTS

No executive worth his or her salt would turn down participating in a trillion-dollar market. But what about $8 trillion? According to the Federal Reserve , the total amount of U.S. payroll in 2019 (the most recent year available) was $8.7 trillion.

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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.

Why Some Banks Are More Profitable Than Others – The Nonlinear Customer Equation

Banker to Banker

Why do some banks grind it out and struggle to produce a 9% return on equity ("ROE"), while other banks such as Bank of America and Chase produce 20% plus ROE for the same business segment? One answer is that banks that produce an above-average ROE either have a more profitable customer segment focus, more profitable products, or a more profitable business model

Banks want to regain control of consumer bill pay. Mastercard offers help.

Payments Source

The card brand's data exchange platform, which provides mobile real-time processing, has gained support from the likes of PNC and Citizens. Mobile payments Mastercard Payment processing Bill pay

Stablecoin News for the week ending Wednesday 17th February.

Daily Fintech

Will a CBDC be private? Here is our pick of the 3 most important Stablecoin news stories during the week. How private should a CBDC be? China has already made all of those design decisions, its CBDC will be centrally controlled, managed and linked to your identity. But what will the West decide?

B2B Fashion Marketplace Taps New Sales With Virtual Trade Shows

PYMNTS

The concept of the B2B marketplaces is nothing new — in fact, it’s an idea that had its roots in the late 1990s and early 2000s when Ariba and Commerce One and many others took a shot at organizing buyers and suppliers online for the purpose of discovering each other and doing business.

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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.

NCR Acquires Terafina – So What?

Gonzobanker

Acquisition of digital origination provider Terafina reads like a good add for NCR. The pandemic continues to grow demand for digital self-service capabilities.

Synthetic IDs are key to solving fraud’s whack-a-mole game

Payments Source

Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud. Risk Payment fraud American Express

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XBRL News about trade reporting, legal identifies and risk management

Daily Fintech

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

Digital Issuance Presents Card Upgrade Opportunity For Banks And CUs

PYMNTS

High-touch experiences are less than desirable in most any area of commerce in the pandemic era. In fact, PYMNTS research shows more than three-quarters of United States consumers are now aware of contactless payments, representing a 25 percent year-over-year increase.

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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.