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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. COI marketing for banks should always be a top priority.

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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

PYMNTS

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. European Commission Executive Vice President Margrethe Vestager said in a webinar that to make the 2020s the continent’s digital decade “is every bit as much about building trust as it is about investing in digital innovation.”. “In and Facebook Inc. each month.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

Only 13 percent say they’re willing to jump on the innovation bandwagon. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. 37 percent of SMEs in the U.K.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties. The more active your customer base and “friends of the bank” are on social media, the shorter you can expect your deposit duration when sentiment turns negative.

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Let’s Talk About European Attitudes Toward US Tech Firms

PYMNTS

It’s beginning to feel like two kids talking smack in a high school hallway — except, in this case, billions of dollars are involved, along with issues of privacy and innovation. technological might when it comes to social media, eCommerce and the digital world. Don’t worry, though — the Americans can give as good as they get.

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The Rapid Rise Of Social Credit Scores 

PYMNTS

The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according to a State Council notice from 2014.

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Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs

PYMNTS

Laws would mean the social media giant would have to get user consent to access the data that is in turn used by Facebook’s advertising customers. Businesses that are built and invested in and become successful because of their innovation.”. On Taxation.