Stem: A fintech solution helping the music industry prosper

Mobile Payments Today

The music industry has been hit hard by the coronavirus. Concerts and tours are cancelled leaving those in the industry, from the novice to the veteran, scrambling for revenue.

GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release.

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Lemonade CFO On The Insurance Industry’s Innovation Dilemma

PYMNTS

He recently told Karen Webster about how new market entrants can rethink aspects of the industry that no longer work for the policyholder or insurance company, and which parts should be preserved to drive the evolution of the sector overall.

Five cross-industry payments opportunities in the new normal

Accenture

The post Five cross-industry payments opportunities in the new normal appeared first on Accenture Banking Blog. Without a doubt, 2020 has been a year of disruption.

How to Overcome the Pain Points of Your CRM

When used effectively, a CRM can be the life blood of your sales team – keeping everyone organized, efficient, and at peak productivity. However, as a company, sales stack, and database grow, it becomes difficult to uphold structure and governance to keep a CRM up-to-date. The result? Less organization, more confusion, and fewer deals closed. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

Retail Industry Groups Support New Stimulus

PYMNTS

Retail industry trade leadership likes what it sees from Washington so far. Retail National Retail Federation News Paycheck Protection Program Retail Industry Leadership Association stimulus

How mobile payments are changing the restaurant industry

Mobile Payments Today

Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty

Why the insurance industry should prioritize digital payments

Mobile Payments Today

The insurance industry needs to consider how their payments technologies match up with increasingly disruptive trends in the financial services space

Banking industry groups seek help on COVID-19

Mobile Payments Today

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives

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General Atlantic Pours More Cash Into Reliance Industries

PYMNTS

General Atlantic , a New York-based global growth equity firm, announced it will invest 3,675 crore i nto RRVL, a subsidiary of Reliance Industries in Mumbai, India. . percent stake in Reliance Jio , the digital subsidiary of Reliance Industries.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Shellfish Industry Tries DTC Strategy

PYMNTS

shellfish industry was headed into 2020, the big concern was climate change. In order to understand how the pandemic has impacted the shellfish industry, it’s important to have some background into how it works, using oysters as an example. As the U.S.

Following COVID-19: How the virus is affecting the mobile payments industry

Mobile Payments Today

Mobile Payments Today is doing its best to provide news and updates regarding how the coronavirus is affecting the payments industry. We'll update this story with the lastest headlines

Reliance Industries Weighs Purchases Of Retailer, Delivery Companies

PYMNTS

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug.

Financial services industry struggles to emerge from lockdown

Payments Source

Financial services industry Work from home Mortgages Payments Wealth management Coronavirus Employee communicationsOur third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Walmart Canada Eyes Cannabis Industry

PYMNTS

” Earlier this year, Constellation Brands , which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry. “It’s Retail canada Cannabis Cannabis Industry News walmart What's HotWalmart’s Canadian unit might start selling cannabis-based products in the future, although there are no immediate plans in the works.

What Covid-19 Is Doing To Industrial CRE Loans

Banker to Banker

While several commercial real estate (CRE) sectors are showing signs of stress, the industrial sector is one of the few bank credit lines that are improving.

10 ways fintech, payments industry donors are betting on Democrats

Payments Source

The 2020 election could draw the most voters in history, along with a record haul for campaign contributions, with fundraising thus far favoring Democratic candidates both generally and in the finance and technology industries, which cover most financial institutions and payment firms.

ATM industry looks to federal lifeline amid COVID-19

Mobile Payments Today

As relief and funding packages are being debated in Washington, the National ATM Council looks to how these new laws will affect business

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How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy

PYMNTS

The healthcare industry already had robust data protection requirements before the pandemic, but the advance of telehealth and other virtual services is putting increased pressure on healthcare providers.

Bank Innovation Launches Industry Watchlist

Bank Innovation

In our constant pursuit of encouraging industry innovation, we are always on the lookout for new and inspiring players, and are eager to share our findings with our readers. To do this, Bank Innovation has launched the Watchlist. The Watchlist monitors startups from around the world, highlighting those that could transform financial services. Here, you’ll find some of […]. Exclusive Payments Startups Technology INV Fintech startups watchlist

Making The Alcohol Industry's B2B Payment Rules Easier To Swallow

PYMNTS

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. In the alcohol beverage industry, as DiBenedetto explained, distributors tend to use proprietary abbreviations of line items.

Why London’s Calling For The FinTech Industry

PYMNTS

With everyone a “couple of Tube stops” apart, one could, in a pre-COVID-19 world, “actually go out to the pub and bump into all sorts of people in their ecosystem, in their industry.”. 2 spot in the world’s FinTech industry is a good start, but making it to No.

The Impact of Direct Dials on Sales Productivity

Leveraging the latest industry research, this eBook highlights the impact of direct dial phone numbers on sales productivity with the goal of empowering reps to have more conversations with prospects, and consequently, schedule more meetings, increase opportunities, and close more business - fast.

Abu Dhabi Investment Authority Invests $750M In Reliance Industries Subsidiary

PYMNTS

a subsidiary of Reliance Industries, the Mumbai-based parent company announced Tuesday (Oct. We are delighted with ADIA’s current investment and continued support and hope to benefit from its strong track record of over four decades of value creation globally,” Reliance Industries Chairman and Managing Director Mukesh Ambani said in a prepared statement. Reliance Industries says it’s the largest privately held company in India, generating a profit of $5.3

How coronavirus could change the payments industry

Payments Source

Coronavirus, also called Covid-19, is wreaking havoc on the stock market, with a heightened effect on the travel industry. It could also cause a drastic change in payment habits, as consumers shift to digital channels to reduce their risk of infection from handling cash. Contactless payments Cross border payments Digital payments Retailers Coronavirus Mobile wallets Cash

Bank Of England Mulls Blockchain Amid ‘Fourth Industrial Revolution’

PYMNTS

The digital revolution comes to the land where the industrial revolution was born? To that end, Invest In Blockchain reported that Mark Carney, governor of the Bank of England, said that the central bank should gear up for a “fourth industrial revolution” that includes at least some impact to payments, chiefly through blockchain and decentralized systems.

Industry Experts Say Bank Job Cuts Are Coming

PYMNTS

Industry experts cited by Reuters attribute their predictions to factors including low interest rates, credit problems among potential borrowers and efficiencies generated by work-from-home programs. “No

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.

Industry consortium on financial data sharing adds 25 new members

Bank Innovation

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

Reliance Industries Rolls Out Online Shopping Platform

PYMNTS

As it aims to tap into its massive digital subscriber base to take on worldwide eCommerce companies, Mukesh Ambani’s Reliance Industries is launching an early version of its online retail offering. And, according to news from last August, Reliance Industries in India had aligned with Tiffany & Co. Retail ecommerce india mobile app News online shopping Reliance Industries What's Hot

Industry Eyes Toys R Us Comeback As Toy Fair Readies

PYMNTS

The toy industry will soon gather for what insiders used to call “CES with stairs.” But you might be forgiven for a big longing for the industry’s prodigal son: Toys R Us. After its disastrous Q4 2017 and resulting meltdown , the toy industry’s dominant force now has one store (small, at Garden State Plaza) and plans for 10 more. But it limits revenue and that’s where the industry will be watching. Retail Editors' Picks News Toy Fair toy industry Toys R Us

Grubhub doubles participating restaurants but urges patience on industry turbulence

Mobile Payments Today

Grubhub Founder and CEO Matt Maloney and CFO Adam DeWitt penned a letter to shareholders as part of the food delivery firm's quarterly earnings report, touting the progress made by expanding from 150,000 to 300,000 participating restaurants

Humility in AI: Building Trustworthy and Ethical AI Systems

AI is becoming ubiquitous. More and more critical decisions are automated through machine learning models, determining the future of a business or making life-altering decisions for real people. The number of critical touch points is growing exponentially with the adoption of AI. In this ebook, we explore the concept of humility in AI systems and how it can be applied to existing solutions to ensure their trustworthiness, ethicality, and reliability in a fast-changing world.