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Weekly Wrap: Visa acquires Plaid and retailers embrace fintech

Bank Innovation

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

Retail 243
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Digital Is Letting Goldman Bring Its Wholesale Pricing Prowess to Retail Banking [VIDEO]

Bank Innovation

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262
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Fed Bets Trillions In SMB Lending That Consumers Will Return

PYMNTS

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The Fed program is focused on lending. It’s all meant to shore up the U.S. economy, as the fallout from the coronavirus continues.

Lending 338
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Waffle House Closes 418 Locations; ClassPass Reopens Live Video; Big Tech Teams With WHO On Virus Software

PYMNTS

In other news, ClassPass is now bringing back its video offering with some changes amid the COVID-19 outbreak, according to reports. The company had rolled out a live video streaming offering two years ago. Now, studio partners of the company will have the ability to provide live-streamed classes on the platform.

Video 130
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Video Banking Soon to Enter Homes in the U.K.

Bank Innovation

Video banking — customers talking via video feed to bankers who may be far away — is already a big thing in branches in Britain, and it’s about to get bigger. It will soon to be tested for users at … home. Nationwide Building Society, a member-owned financial institution with around Read More.

Video 150
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How Auto Sales Are Driving New Retail Trends

PYMNTS

The user can then upload photos or videos about the car right into the app, and the app will automatically sort them into different categories, like interior, exterior and engine or drivetrain. This is the first time eBay has allowed direct video uploads, and the company thinks it will help to drive sales.

Trends 134
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. Background for genAI use cases Defining generative AI for banking Generative AI is a class of artificial intelligence (AI) models that can create new content—text, images, audio, or video—from existing data.

Examples 221