2020

COVID-19, Digital Payments and the Future of Cash

Mobile Payments Today

The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration

A How-To Guide for Monetizing Open Banking

Accenture

In my last post, I shared the two emerging business models that are powered by Open Banking: banking as a platform and banking as a service. The future of any Open Banking offering will depend on the value it provides or the monetization options it creates.

How To 329
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What’s the Impact of Coronavirus on FinTech?

Chris Skinner

Someone asked me what the coronavirus pandemic means for the future of FinTech. I guess they thought that not much is happening and many firms will shutter and close.

Digital-First App Usage Spells Future Of The Connected Economy

PYMNTS

The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks.

Groups 247

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year.

More Trending

Combining Satellite Imagery and Machine Learning In Banking

Banker to Banker

In the last five years, one of the new disciplines in banking that has emerged is the combination of machine learning and satellite imagery to gather bank intelligence on fraud, credit, and bank marketing.

Fraud 324

BofA integrates digital SMB tool with third-party platforms 

Bank Innovation

Bank of America is enhancing the capabilities of its digital cash management tool for small businesses, Business Advantage 360, by integrating with third-party platforms, including QuickBooks, Run Powered by ADP, G Suite by Google Cloud and Google Analytics. “Businesses go out of business many times because they don’t manage their cash flow properly,” said Sharon […]. Carousel Corporate Banking Customer Experience Product Design ADP Bank of America BofA Business Advantage 360 QuickBooks

Tools 239

Fintech women of distinction

Mobile Payments Today

NYC Fintech Women announced its second annual, 50 Inspiring Fintech Females awards. There were more than 400 nominations for recognition in five different categories.

When the banks closed, no-one cared

Chris Skinner

A great headline posted in The Financial Times the other day: When the banks closed in Wuhan, nobody cared The Financial Times article makes clear how advanced the Chinese economy is today.

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!

Adjust report identifies 3 trends in mobile finance to keep an eye on

Mobile Payments Today

As mobile finance takes up an ever-more central part of our daily lives, understanding the benchmarks and trends from within this fast growing vertical is more vital than ever.

Trends 397

Can blockchain transform cross-border payments?

Mobile Payments Today

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments

Why ISO 20022 is a seismic shift for payments

Accenture

There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description. Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities.

3 Payments Trends to Watch in 2021

Mobile Payments Today

As 2021 rapidly approaches, many of us are hoping for better days after the whirlwind year of 2020. While COVID-19 has certainly had an impact on every industry, certain trends that began in 2019 continued to develop in 2020, and some of them may even blossom fully in 2021

Trends 337

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Cashless shouldn't leave underbanked behind

Mobile Payments Today

Cash and digital payments shouldn't be mutually exclusive, according to Steve Villegas, VP of Payment Partnerships, North America at PPRO. He shares his thoughts on how COVID-19 has impacted cashless society and why it shouldn't leave behind the unbanked

3 keys to understanding blockchain

Mobile Payments Today

Blockchain technology can be very difficult to understand, but it doesn't have to be. You just have to grasp three basic key facts

Are Smart Cities Still A Smart Bet Amid ‘Urban Flight’ And The Pandemic?

PYMNTS

The pandemic has pressured corporate top lines — and as a result, leaves less money to go around to fund innovation, especially for tech-focused firms. So-called “smart-city” initiatives might be a casualty, especially if it’s perceived that people are leaving urban areas for the ‘burbs.

Here is the Biggest Problem Banks Face with PPP Forgiveness Processing

Banker to Banker

There is no surprise that you can only do so much when it comes to educating PPP borrowers.

Video 319

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.

Digital-only financial institutions avoid leveraging pandemic fears 

Bank Innovation

The novel coronavirus may be closing bank branches nationwide, but some digital-only financial institutions are trying not to exploit consumer fears. Being a branchless bank is part of who we are, but we don’t want to resort to scare tactics,” said Nicole Lorch, chief operating officer at First Internet Bank. The Fishers, Ind.-based based bank, which […].

COVID-19 is the perfect time for mobile payments

Mobile Payments Today

With COVID-19 causing customers to turn up their masked noses to cash, the time is now for mobile payments to take the world by storm

Mobile 361

FinTech challenger and neobanks in Brazil

Chris Skinner

I stumbled across a great article about Brazilian neobanks the other day. Bearing in mind that Nubank is the most successful neobank in the world, with 25 million users at the start of June.

Predictions for 2021: The World is a Digital Place

Mobile Payments Today

2020 was a difficult year in many aspects, but it also challenged the payments industry to find new solutions to work through the limitations of the pandemic. Seth Brennan, CEO of North Lane Technologies, a payments industry veteran, shares his thoughts on the year ahead

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

The great digital migration: 78% of consumers are changing payment methods

Mobile Payments Today

Visa's Back to Business global study reveals small businesses and consumers, from around the world, that may initially been reluctant to adopt digital technology are now embracing it. But will this digital landscape remain in place for the future

Study 355

How to determine cloud strategy and get the most value

Accenture

In my previous post, I wrote about the changing dynamics in the cloud conversation. But a conversation is just that—a conversation. It’s meaningless if banks don’t take action. In this post, I will outline the considerations for a successful cloud strategy, potential value and overall challenges.

What's on the horizon for B2B payments?

Mobile Payments Today

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process.

Pay-by-Nose, a new innovation

Chris Skinner

I blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent. It’s getting a bit ridiculous now however, when payments companies are designing payments for cats and dogs … or maybe it’s not … it’s just an extension of technologies that work for humans.

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.