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It’s time to embrace customer data privacy and security

Insights on Business

Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. Customer data drives innovations like artificial intelligence and blockchain solutions. But for companies that don’t master privacy and security, data can be toxic. More than 10 other U.S.

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Eximchain Secures $20M For Blockchain Platform

PYMNTS

Eximchain , a blockchain-based platform developed in the Massachusetts Institute of Technology’s media lab, has raised $20 million for its supply chain financing solution. Supply chain finance and management are some of the largest targets of blockchain innovators today.

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Neiman Marcus Emerges From Chapter 11

PYMNTS

We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. At the conclusion of this process, I remain profoundly impressed by the strength of Neiman Marcus and Bergdorf Goodman, the commitment of our associates, the unwavering support of our brand partners and the loyalty of our customers.”.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. It turns out that confidence is more valuable than capital.

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Branch Banking Going Digital-First For Safety And Relevance

PYMNTS

“Almost overnight, many [banks] had to stand up systems and set up processes that would allow them to service small business PPP loans, their digital solutions were pushed to the brink and they had to learn how to operate almost 100 percent remote,” Douglas Brown, senior vice president and general manager NCR Corporation, told PYMNTS.

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Hearing On BB&T/SunTrust Merger Raises Questions On Size

PYMNTS

Maxine Waters of California said the merger, the largest in the sector since the financial crisis, may be “too big to manage.”. Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses.

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Google Exec To Lead Aussie Bank’s Digital Shakeup

PYMNTS

Google’s Australia and New Zealand managing director, Maile Carnegie, was poached by ANZ Banking Group to act in its newly created group executive digital banking role starting in July, Reuters reported Tuesday (March 1).

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