November, 2020

The advantages of blockchain over traditional payments

Mobile Payments Today

By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers

The intelligent enterprise: Leveraging automation to transform your financial institution

BankInovation

Much has been made in the media around how artificial intelligence (AI) will lead to the eventual obsolescence of many current occupations, putting tens of thousands of employees out of work.

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PCI wants compliance to be customizable in 2021

Payments Source

In a major break from the Payment Card Industry security standards playbook, merchants and service providers using newer technologies would have the opportunity to rewrite network operation and testing procedures when achieving compliance.

Why ISO 20022 is a seismic shift for payments

Accenture

There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description. Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Combining Satellite Imagery and Machine Learning In Banking

Banker to Banker

In the last five years, one of the new disciplines in banking that has emerged is the combination of machine learning and satellite imagery to gather bank intelligence on fraud, credit, and bank marketing.

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More Trending

Can blockchain transform cross-border payments?

Mobile Payments Today

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments

FinCEN Offers New Advisory on Human Trafficking

Abrigo

Key Takeaways FinCEN has issued a new advisory in identifying and reporting human trafficking, supplementing its 2014 guidance. In addition to the original 10 red flags in the 2014 guidance, FinCEN identified 10 more indicators FinCEN noted ten behavioral indicators FIs should be aware of.

Chatbots with Blockchain – Plumbing or Showerheads?

Daily Fintech

Shopping for insurance or filing a claim can be arduous. But not so, when chatbots with conversational interfaces, mimic humans and respond with accuracy, speed and personality.

How to determine cloud strategy and get the most value

Accenture

In my previous post, I wrote about the changing dynamics in the cloud conversation. But a conversation is just that—a conversation. It’s meaningless if banks don’t take action. In this post, I will outline the considerations for a successful cloud strategy, potential value and overall challenges.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Managing CRE Risk - What Will Happen to Office Space?

Banker to Banker

Office lending for banks has been one of the better-performing sectors of commercial real estate (CRE) for banks for some time. Even during the pandemic, the credit on office loans is doing surprisingly well. The question arises, what happens in the future? Will it be business as usual post-pandemic?

HSBC Introduces New Real-Time Global Payments Tool

PYMNTS

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As

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The benefits of Click to Pay

Mobile Payments Today

Jed Danbury, vice president at Computop, a global payments service provider, explains the benefits of using Click to Pay

Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Take Your Enterprise Content Management System Back to the Future Using Your Legacy Data

Strategically Speaking

The future of Enterprise Content Management (ECM) is upon us. In order to get the most out of the new technology and processes, you must take your legacy data and reinvent it. You won’t need any plutonium, a flux capacitor or Doc Brown to correct the data of the past.

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In a COVID-19 World, Cloud is Back in the Spotlight

Accenture

The banking industry has been talking about and moving towards cloud for a decade now. So much so that 95% of banks have already adopted cloud in some form. This high-level acceptance of cloud provides an opportunity to dive into the nuances and move beyond “Should we invest in cloud?”

Why Its Time For A Hedge Program At Your Bank

Banker to Banker

Between low-interest rates, the concerning rise in COVID-19 cases, and tough competition for quality commercial loans, community banking is a tough business.

Western Union Expands Real-Time Digital Payments To 100 Countries

PYMNTS

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Customer Experience 4.0 Master Series: Transforming The Future of Retail Banking

Mobile Payments Today

This e-learning series is designed to help traditional transaction-focused banks effectively harnesses the power of transformation to build an ideal customer experience for their retail network

FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance.

Payments firms see green as more states legalize pot

Payments Source

One area of certainty in the 2020 election is the momentum for legalizing cannabis, as a string of ballot box victories makes it harder for banks to avoid working with dispensaries and other legal marijuana businesses.

Getting the Cloud Operating Model Right

Accenture

In my previous post in this blog on the journey to cloud, I looked at how to select a cloud provider. In this latest post, I move to a further critical determinant of effective performance: having the right cloud operating model.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

A New Skill For Bankers - Selling, Leading, and Learning Remotely

Banker to Banker

Being able to adapt and pivot is the hallmark of success in 2020. There are many new skills that we picked up, how to work various video conferencing applications, how to do remote check-ins, and, of course, how to run your entire bank from your home dining room table.

An Open Road For Open Banking?

PYMNTS

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration.

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Location verification can prevent QR code fraud

Mobile Payments Today

Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification

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Loan Admin 101 – Effective Loan Administration Crucial in Pandemic Era

Abrigo

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. Sound loan administration software or systems will generate accurate, timely information in a secure environment.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.