A Future-Ready Approach: Journey to the Cloud

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems.

System 201

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 Designing For Security And Remote Management . The Rasmussons debuted Farmhouse Market in a 650-square-foot space in 2015.

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Three success factors in security operations

Insights on Business

The model delivers better customer experiences, creates operational efficiencies, and can lead to new revenue sources. Financial institutions are leading the charge in building security immune systems, knowing they are most threatened. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy. In my mind, success follows with three operational goals: 1.

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.

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.”.

Today in Food: The Fresh Market Files For IPO; Domino’s Breaks Down Pizza Market Growth

PYMNTS

Today in restaurant and grocery news, The Fresh Market is looking toward prepared meals to help the company succeed on the public market, while Domino’s reflects on which businesses are thriving in today’s growing pizza market and which are falling by the wayside.

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. SEBI has been communicating the directive with company executives, bankers and securities lawyers.

The To Do List for Security Token Platform operators

Daily Fintech

Sheldon Freedman will return next week with the last of his 4-parter on Security Tokens. What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? Security Tokens can tokenise just about any asset. Our thesis is that the early adoption traction will happen in early stage stock, because that is a big broken market where there is deep pain on both sides of the table. Security Tokens can enable that.

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.

Bitcoin Daily: Bitcoin Sheds $20 Billion Off Market Cap; Gibralter-Based FinTech Launches Tokenized Securities Platform

PYMNTS

According to the law, digital securities “presumptively not an investment contract” would not be subjected to the sometimes contradictory rules between organizations. Gibraltar-based Global Stock Exchange has launched its Grid tokenized securities platform in Estonia as of May 7.

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage.

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.”

Sinemia Shuts Down U.S. Operations Amid Lawsuits

PYMNTS

operations. In a letter on its webpage, Sinemia said it was ending operations in the U.S. While we are proud to have created a best-in-market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient. market and the core economics of what it costs to deliver Sinemia’s end-to-end experience ultimately lead us to the decision of discontinuing our U.S.

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity. It's kind of how the market behaves.".

How To Market And Build Brand Loyalty Around Digital-only Offerings

Bank Innovation

Open Banking Operations Premium Retail Sales & Marketing Security & Risk Citizens Access Citizens Bank customer experience digital banking Rightpoint SigFigBefore Citizens Financial Group launched its digital-only banking unit, Citizens Access, last July, a team of bankers spent months intensely analyzing how customers might interact with a digital bank with no physical presence versus a traditional bank with a large network of branches.

The Fresh Market Proceeds With IPO With Focus On Grocerant And Meal Kits

PYMNTS

The Fresh Market , a specialty grocery chain with 159 locations in 22 states, is going public after five years of operating as a private company. Now, the company is going ahead with it — on Friday (July 16), The Fresh Market Holdings, Inc.,

Verizon Buys Drone Operator

PYMNTS

In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. With the deal, businesses small and large can turn to Verizon for integrating, managing and wirelessly connecting their drone operations.

Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security.

Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

However, regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation. reflects a larger shift in the market — one that could certainly have profound implications for business payments.

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan.

The Digitally Reshaping Market 

PYMNTS

As businesses scramble to digitize what they can and reshape what has to stay physical, opportunities abound – as do challenges in staying up-to-date and secure. Data: $100B : Estimated value of the mobile gaming market by the end of 2020. $3M

Regulators Probe Market Amid Rising Meme Stocks

PYMNTS

Market swings and the surging prices of meme stocks have caught the attention of the U.S. Securities and Exchange Commission (SEC), Bloomberg reported o n Monday (April 7). In addition, we will act to protect retail investors if violations of federal securities laws are found.”.

Why Securing The IoT Is The Next Frontier For ISPs

PYMNTS

They are places where we can put applications and connect devices,” Eva Apesteguia, director of security services customer strategy at Allot , told PYMNTS in a recent conversation. Internet of Things connected devices Featured News Hackers IOT ISPs networks News Security smart devices telcos

Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal.

Jollypay Gets License To Operate In The UAE

PYMNTS

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . Our long experience in the Arabic market, specifically in the UAE with Jollychic, has given us the push to develop more technical mechanisms to serve the Arab and Emirati user and to provide easy and secure e-payments,” said Jollypay Chief Operation Officer Liu Yang. “In

Car-Sharing Platform Getaround Secures $25M Loan 

PYMNTS

has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. . The company aims to disrupt the $100 rental and mobility markets.

Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

The health crisis has forced some eateries to close entirely, while others must operate at reduced capacities depending on state and local restrictions. to provide its dispute management solutions to the latter’s security platform.

Boston 217

Attending our conferences with flexibility and care

Bank Innovation

At Royal Media, Bank Innovation‘s publisher, we take great pride in the value of our exceptional industry conferences and the effort we put into their production. We rightly view our more than a dozen annual conferences as crucial opportunities for business development in our industries.

Spreedly Adds Banking Exec As Chief Information Security Officer

PYMNTS

Spreedly , which works in accelerating global commerce via a secure, flexible platform for any payment type, has announced Christopher Hudel as chief information security officer (CISO), according to a press release.

Bitcoin Daily: Travala.com Combines With TravelbyBit; France Tests Blockchain-Operational Digital Euro

PYMNTS

” The firms will cross-market each of their travel services as the initial step of the merger. In other news, France has become the first nation to test out a blockchain-operational digital euro with successful results, Banque de France announced on Wednesday (May 20).

Spence Labs Collab Helps Banks Serve Legal Cannabis Market

PYMNTS

cannabis market keeps grappling with a dearth of access to traditional financial services, and even a surge in FinTech offerings cannot close the gap, PYMNTS reported.

Teriyaki Madness On Streamlining Operations To Keep Pace With Evolving Trends

PYMNTS

The quick-service restaurants (QSRs) that remain are facing a fiercely competitive market as they attempt to cater to consumers whose preferences have changed significantly since the pandemic’s onset.

Disrupting The Security Deposit With Insurance

PYMNTS

The average security deposit in the U.S. And of course averages can be misleading — in Manhattan that rent average is over $4,000 a month, while in Wichita, Kansas (the least expensive market in the survey) rents are still well below $1,000 at $639 a month.

Young B2B FinTechs Secure Their First VC Rounds

PYMNTS

A French payroll FinTech secured the lead with a nine-figure investment round, but this week's B2B venture capital roundup is dominated by younger B2B FinTechs announcing their first venture capital funding. The company, which secured $4.3

Fostering FinTech-FI Trust With Data-Driven Security

PYMNTS

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. AML AML/KYC Tracker APIs COVID-19 fraud KYC money laundering News Open Banking Security trulioo