Wirecard North America goes on market, while operations allowed to resume in UK

Mobile Payments Today

UK regulators reached agreement to let operations resume there Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe.

Citigroup To Boost EMEA Banking Operations

PYMNTS

Citigroup will expand its commercial banking operations for Europe, the Middle East and Africa (EMEA), a press release said Monday (April 26). That said, Citigroup will face tough competition from local banks in the markets it is advertising in.

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Finding the right operating model and governance for Open Banking

Accenture

When transitioning to Open Banking, one of the key considerations for banks is their operating model and governance structure. If banks do not adapt to new ways of working, they may risk losing market share to savvy new digital entrants.

California Lets Aurora Operate Driverless Cars

PYMNTS

Aurora, with logistical operations currently in Palo Alto, Pittsburgh, and San Francisco, has approximately a dozen self-driving vehicles used for testing on American public roads. Other companies continue to arrive in the expanding self-driving vehicle market.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.

FAA OKs American Robotics Drones To Fly Without Human Operators

PYMNTS

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website.

Farmhouse Market’s Remotely Operated, 24/7 Grocery Store

PYMNTS

Such locations can be critical in expanding retail options for smaller cities and towns, too, and staff-free grocery store Farmhouse Market seeks to do just that for consumers in New Prague, Minnesota. The pair ultimately designed a concept that could operate without any on-site staff to solve this quandary. “We The Rasmussons debuted Farmhouse Market in a 650-square-foot space in 2015.

Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. Now, a shift is under way in FIs’ operational units as the conversation turns to transforming legacy banks into “smarter banks.”.

Afterpay CFO Drives Operational Excellence Through Back-Office Modernization

PYMNTS

For Laura Nadler , migrating away from paper became mission-critical mere weeks after she stepped into the role of CFO at Afterpay ’s North America operations. We can bring our own strategic lens and our operational skills to helping our business partners.

Amex Cleared To Operate In China

PYMNTS

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there.

What’s holding you back from modern banking operations?

Accenture

In the first of a four-part series, our team of guest bloggers will share how getting to simplified, future-ready bank operations may be more easily imagined. . However, banks are unable to support this if they do not modernize their operations. North America bank operations executives say that by 2020, up to 40 percent of their bank’s spending on digital transformation will be in operations. 1 So, how do banks get to simplified, future-ready bank operations?

Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations

ABA Community Banking

The post Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations appeared first on ABA Banking Journal.

Lithuania Suspends SatchelPay Operations

PYMNTS

6) that the nation’s central bank has suspended the company’s activities because it allegedly failed to provide the government with required financial data on its operations this year. Lithuania is aiming to become a regional FinTech hub by creating favorable conditions for financial market participants,” said Bank of Lithuania Director of the Supervision Service Vytautas Valvonis in a statement.

Battery Ventures Invests In Two Business Financial Operations Cos.

PYMNTS

With Battery’s deep expertise and success in partnering with cloud-based financial management software companies, we see a huge opportunity to transform the subscription management market,” said SaaSOptics CEO Tim McCormick in the release.

Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud

PYMNTS

Binance , Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. The market is scrambling to provide users with a stablecoin. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy.

MercadoLibre To Funnel $1.1 Billion To Mexico Operation

PYMNTS

That figure is around three times the $420 million MercadoLibre spent last year in Mexico, with the market there being one that is growing rapidly and where the company is trying to stay ahead of rivals like Amazon, according to the report.

Apple Resumes Operation Of All China Retail Locations

PYMNTS

has reportedly put all of them back into operation. China is the third-largest market for the tech company. After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc.

Bitcoin Daily: Pakistan Eyes Own Crypto; Bitcoin ATM Operator Hopes For Boom

PYMNTS

Lastly, the crypto futures market saw a record number of asset liquidations over the weekend as a sudden bitcoin price pullback caught overleveraged traders by surprise, CoinDesk reported. Pakistan is the latest country to work on a digital currency, The Express Tribune reported.

NatWest Counters FinTechs With Revamp Of Retail Banking Operation

PYMNTS

To combat FinTech competitors and bolster revenue during a time of low interest rates, NatWest is working on a revamp of its core retail banking operation, the Financial Times reported. However, it doesn’t have nearly as significant of a portion of the mortgage and unsecured credit markets.

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. He has diversified our business to set us up for continued success while making Mastercard a true market leader across Europe.

Judge To Decide Whether Uber Can Operate In London

PYMNTS

Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November.

Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. The same holds true for Bamboo Asia, an establishment that operates throughout San Francisco’s financial district, said van de Rijt.

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. That focus has only grown amid the takeout- and delivery-only operational shifts due to COVID-19-related social-distancing efforts.

Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan.

Groups 158

PSD2 Creates Turbulence For Travel Operators

PYMNTS

PSD2 is already having a strong impact on the travel market, with merchants ranging from airlines and hotels to travel aggregators working with third-party services, deploying new authentication standards while still adapting to changing customer preferences. With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade their payment protocols to stay compliant.

Bitcoin Daily: Bitcoin Mine Operator Planning IPO; Swedish Financial Authority Warns Consumers Of Crypto Risks

PYMNTS

Bitcoin mine operator Northern Data AG is planning to go public and could raise up to $500 million in the initial public offering (IPO), Bloomberg reported.

WEX Gets $400M From Warburg Pincus To Boost Operations

PYMNTS

WEX has reported a $400 million investment from a partner of Warburg Pincus , which the financial services tech firm will use to continue operations amid the global pandemic, according to a press release.

Careem Concludes Operations In Sudan

PYMNTS

Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The firm started its Sudan operations in September 2018 following the lifting of economic sanctions by the United States in 2017, Reuters reported. A spokesperson said in a statement, “There are no plans to close any other markets, and ceasing Sudan operations will not have any effect on Careem’s other markets.”

JPMorgan Consolidates SMB, Enterprise Payment Operations

PYMNTS

JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. and internationally,” said Co-President and Chief Operating Officer Daniel Pinto in the memo. Still, the bank noted that consumer lending and credit card performance remained strong, with revenues up on consumer and community banking operations.

Amazon Eyes Deal For Stake In Rising Indian Mobile Operator

PYMNTS

Amazon may become the latest American tech giant to buy its way into India’s fast-growing telecom market as it eyes a deal that could upend the nation’s mobile market. billion in various investments since entering the Indian market seven years ago.

An untapped market: The unbanked shopper

Mobile Payments Today

Billions of people do not have access to a bank account, either due to the lack of income, unstable financial markets or the lack of verifyable identification.

Crypto market crash is causing startups to shutter operations

Payments Source

The plunge in the cryptocurrency market is weighing on the software-development community that spawned over 1,000 digital coins amid dreams of independence from traditional financial systems and instant wealth. Cryptocurrencies

Epic Wings’ COO Talks Streamlining Restaurant Operations To Fast-Track Growth

PYMNTS

Fast-casual chain Epic Wings has been taking advantage of this opportunity, expanding throughout the pandemic and most recently announcing a 39-unit franchise agreement that will open new locations in four major markets. Entering New Markets.

Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world needs a FinTech operating system.”.

Market Commentary: Week of June 14, 2021

SWBC's LenderHub

All through last week, longer-dated Treasury notes and bonds rallied and the yield curve flattened 11 basis points despite large funding operations and the May CPI coming out higher than expected. Capital Markets