2021

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How Mexico’s Central Bank Plans To Move Payments To Digital

PYMNTS

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Slowly. In an interview with PYMNTS' Karen Webster, Miguel Diaz , general director of payment systems and market infrastructures at the Central Bank of Mexico (Banxico), said that making and receiving payments across devices in an affordable manner, with faster payments infrastructure already in place, means that “every Mexican

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B in the most recent quarter. While that’s lower than the prior quarter, it’s up 121% for the year. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. #267 on the list is Thought Machine , a company started only six years ago th

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The Most Influential Women in Payments, 2021

Payments Source

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

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What is a Bitcoin worth?

BankUnderground

Thomas Belsham. The price of Bitcoin is currently around $57,000 (see Chart 1 ). But what is the price of Bitcoin based on? It’s just a bunch of code that exists only in cyberspace. It’s not backed by the state. There’s no recourse to a central authority. There’s no underlying asset, no stream of income. There’s just the thing itself. But does that mean it has no inherent worth ?

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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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HSBC whistleblower claims vindication after bank’s £200m payout to customers

TheGuardian

Nicholas Wilson says redress scheme is a direct result of his campaign over excessive charges Nicholas Wilson has spent years pursuing HSBC over the way it treated some people who fell behind with payments, and when he claimed the bank might owe customers more than £200m, it arguably sounded pretty fanciful. For more than a decade he was ignored and dismissed but HSBC eventually set up a £4m compensation scheme to remedy “a historical issue”.

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More Trending

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80+ Companies Shaping The Blockchain Landscape

CB Insights

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. The space is rapidly evolving as startups tackle a wide range of challenges in financial services and other industries. For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. Meanwhile, non-fungible tokens ( NFTs ) are making strides toward becoming mainstream. download our best of blockchain research.

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How decentralized finance could reshape banking

American Banker

Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services.

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Banks Are All Fintechs Now (or Soon Will Be), But Do They Have the Right Talent?

The Financial Brand

A new report flags the skills gap financial institutions face as the industry becomes more tech driven. Altering hiring criteria is crucial. The post Banks Are All Fintechs Now (or Soon Will Be), But Do They Have the Right Talent? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Robinhood May Sell Shares Directly To Users If It IPOs

PYMNTS

Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO). The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price.

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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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Jumio Sees Vaccine Passports Intersecting With Digital ID

PYMNTS

For the travel industry, there is light at the end of the tunnel. Vaccines against COVID-19 are (slowly) being rolled out. And while it will take a while to return to any semblance of normal, cruise ships and airlines will at some point once again bustle with travelers journeying for business and pleasure. But no matter where crowds gather, it’s likely that some things will change.

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How Britain paid for war: bond holders in the Great War 1914-32

BankUnderground

Norma Cohen. This post contributes to our occasional series of guest posts by external researchers who have used the Bank of England’s archives for their work on subjects outside traditional central banking topics. In August 1914, Britain was the world’s wealthiest country. Yet there was no guarantee that government would be able to harness that wealth for World War I.

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Tech giants risk squeezing out banks, French watchdog warns

Payments Source

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Unstructured Data Will Be Key to Analytics in 2022

Dataconomy

For decades, managing data essentially meant collecting, storing, and occasionally accessing it. That has all changed in recent years, as businesses look for the critical information they can pull from the massive amounts of data generated, accessed, and stored in myriad locations, from corporate data centers to the cloud and.

Data 101
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6 Alternative Lending Strategies for a Shifting Landscape

In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.

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5 Big Data Disruptions Coming in 2022

Dataconomy

Big data has already transformed how many industries operate. Now that the pandemic has accelerated digital transformation around the globe, the field has grown faster than most could have predicted. This unprecedented growth will undoubtedly bring considerable disruption in 2022. Big data will disrupt industries further as new challenges and.

Big Data 101
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How artificial intelligence can fight Long COVID

Dataconomy

Clinicians pivoted their AI efforts to engage in the battle against the COVID-19 pandemic. How can it help those with persistent symptoms – the so-called “long COVID”? The emergence in March 2020 of the COVID-19 virus as a pandemic had a profound effect on the demand for health services that.

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Data-driven Design: Planner 5D launches a Program for Universities and Researchers

Dataconomy

Architects and interior designers have switched from pencils and papers to digital software and iPads, causing a significant change in design practices over the last few decades. Digital tools, as well as VR and AR technologies, are changing the way we learn, work, and live. And a whole new direction.

Data 101
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AI will soon oversee its own data management

Dataconomy

AI thrives on data. The more data it can access, and the more accurate and contextual that data is, the better the results will be. The problem is that the data volumes currently being generated by the global digital footprint are so vast that it would take literally millions, if not.

Data 101
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Data science, machine learning, and AI in fitness – now and next

Dataconomy

Our world revolves around data. Data science, machine learning, and AI have become some of the most critical technologies and industries in the 21st Century, penetrating almost every aspect of our lives, including fitness and wellbeing. The impact of technology on fitness industry On the consumer side, this technology triumvirate.

Data 101
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The Medical Field is Changing Because of Artificial Intelligence

Dataconomy

Artificial intelligence is one of the most rapidly growing aspects of tech, and in a well-funded industry like the medical industry, new adaptations are helping with efficiency and precision. Ultimately, artificial intelligence is changing healthcare for good, but there are some growing pains as well. Many of those affect the.

Industry 101
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Novel AI Advances in Diabetes Care Pathway

Dataconomy

The care pathway of every patient is unique, but for persons living with diabetes, it is a long and complex intervention of care processes spread across the care continuum. Luckily, AI is transforming how diabetes is detected, managed, and prevented while improving patient outcomes. Today, about 463 million people are.

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What Is Data Accuracy? (And How to Improve It)

Dataconomy

The world has come to rely on data. Data-driven analytics fuel marketing strategies, supply chain operations, and more, and often to impressive results. However, without careful attention to data accuracy, these analytics can steer businesses in the wrong direction.

Data 101
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Robinhood Acquired This Company For Its Shareholder Communications Platform

CB Insights

Robinhood , a financial services company, has acquired Say Technologies , a shareholder communication platform, for $140M. WHO ARE THE PARTIES TO THE DEAL? Say Technologies: California-based Say is a technological platform that gives shareholders access to their full ownership stake. It crowdsources retail investor queries and allows investors to communicate with firms that they own during annual meetings, earnings calls, and other events.

Company 101
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In conversation: Facebook, data sovereignty, and why GDPR is flawed

Dataconomy

In recent weeks, the topic of data privacy, data security, data sovereignty, and how social media platforms harvest and use our information has reared its head again. The most recent Facebook whistleblower, who divulged how the platform knows it is responsible for helping to create divisions through its algorithm, which.

Data 100
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Machine Learning vs. Artificial Intelligence: Which Is the Future of Data Science?

Dataconomy

When we imagine the future of AI, we may think of the fiction we see in cinema: highly advanced robots that can mimic humans so well as to be indistinguishable from them. It is true that the ability to quickly learn, process, and analyze information to make decisions is a.

Data 101
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Citigroup CEO bans Friday Zoom calls, encourages vacations

American Banker

Citigroup Chief Executive Jane Fraser has barred internal video calls on Fridays and encouraged vacations in an effort to combat workplace malaise brought on by the coronavirus pandemic. ]].

Video 101
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr