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Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Telecommuting, online education and moving to a cashless and virtual financial system will likely become the norm,” he told PYMNTS. This most recent black swan is proving that online financial services are a lifeline service.”. But the lesson is to not despair.

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US Bank eyes ‘autonomous banking’ future

Bank Innovation

Bank is taking steps to achieve autonomous banking, or “the nirvana” of banking, according to Doug Nielson, the bank’s senior vice president of innovation research and development. “The nirvana, if you will, of banking would be truly autonomous banking, like the autonomous car,” Nielson said during a fireside chat today at Banking Transformation (..)

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Mastercard Expands Online Search Tool To US, Canada

PYMNTS

Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). and Canada. The project is being rolled out first in the U.S., Latin America and the Caribbean.

Tools 149
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Pet Spend Shifts Online With Pandemic

PYMNTS

“Our eCommerce capabilities have been a top priority and an area of growth for us since well before COVID, and the pandemic has only accelerated that focus and growth,” Petco Chief Digital and Innovation Officer Darren MacDonald tells PYMNTS. Promotions are rolling out as well.

Online 238
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Robinhood suffers online outage with US stocks rebounding

Bank Innovation

Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. markets opened and continued through midday. At 11:18 a.m.

Online 273
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Signify US CEO (Formerly Philips Lighting): Lighting Up The Connected Economy’s Innovations

PYMNTS

The one thing we all have to learn: it is not about the innovations themselves. It is about the use cases and the value we can create for the consumer and the professional customer. We get very excited about our innovative capabilities, and we are extremely proud of all of our IP and patents in this area.

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Fintechs seek US government funds to help make business loans

Bank Innovation

Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S.

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