September, 2021

How intelligent prospecting will grow commercial banking

Accenture

When I started as a commercial banking relationship manager (RM) in the early ‘90s, a big part of my job was prospecting for new customers. This was an era when public information on privately held, mid-sized companies was extremely limited.

Bitcoin Daily: WallStreetBets Launches NFTs; Bhutan to Test CBDC

PYMNTS

WallStreetBets (WSB) is rolling out a nonfungible token (NFT) collection, a press release says. The release notes that it will be called Diamond Hands, and will contain 15,000 handcrafted genesis NFTs. They’ll each have “unique qualities” and some will have “desirable rarities,” the release says.

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New Disclosures under CECL: What Banks & Credit Unions Need to Know

Abrigo

CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Here’s how they’re changing for financial institutions. See below for key takeaways of this article. Stay updated on all things CECL.

The Themes Spurring Insurance Mergers and Acquisitions

Daily Fintech

Mergers and acquisitions (M&A) in insurance are thriving on the back of macro factors – low interest rates, pandemic-related impacts and deepening specialization.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Think big tech is only for big banks? Think again.

Accenture

Middle market bank leaders sometimes assume that the most transformative technologies are out of their reach. But the path to future competitiveness in banking runs through technology. No matter the size of the bank.

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Biden to Name CBDC Advocate Saule Omarova to Lead OCC

PYMNTS

President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to a White House press release.

Bitcoin Daily: El Salvador Now Third in Global Bitcoin ATM Count; Central Bank of Russia to Delay Digital Asset Exchange Payments; Magnum Real Estate Accepts Payment in Bitcoin; Christie’s to Auction NFTs

PYMNTS

El Salvador now has the third-largest network of cryptocurrency ATMs, which amounts to 70% of all South American crypto ATMs, Cointelegraph reported, citing data from Coin ATM Radar. The country is third only compared to the U.S. and Canada, according to the report.

3 Traits of a Strong Loan Reviewer – Video

Abrigo

The DNA of an Effective Loan Reviewer Independent loan reviewers need certain competencies or traits. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? .

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Digital Health Ecosystems Part 1: Insurtechs as connectors

Daily Fintech

The business ecosystem paradigm is not alien to the healthcare industry. In the past, players ranging from payers to providers as well as big tech companies, have led initiatives to build ecosystems as a means to integrated, value-driven care.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

How a long road trip made me a better leader

Accenture

This summer I did something extraordinary. I unplugged. Really unplugged. Over the course of nearly two months, my 11-year-old son Evan and I traveled over 11,000 miles from Charlotte, NC, to the Oregon coast and back hauling a vintage 1971 Airstream camper.

BIS Official Urges Central Banks to Adopt Digital Currency

PYMNTS

The head of the Bank for International Settlements’ Innovation Hub has a message for the world’s central banks: get on the digital currency train or get left behind. According to Reuters, Benoit Coeure, a former European Central Bank official, made the remarks Friday (Sept.

Capital One Eyes Testing BNPL Waters With POS Offering

PYMNTS

Capital One will be testing out a buy now, pay later (BNPL) product as consumer loans see rising competition, Reuters reported. FinTech firms have been enabling merchants to offer cheap financing for purchases, the report stated.

Visa to Accept Crypto as Payment in Brazil

PYMNTS

Visa is looking at plans to accept crypto payments in Brazil, an interview with Brazilian news outlet Seu Dinheiro says.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

Data on Loans to Small Businesses is CFPB's Focus A proposed rule requires a wide variety of lenders to begin collecting new data on small business loans. . You might also like this whitepaper: "Beyond PPP: Propel Growth and Profitability with Technology.". DOWNLOAD.

CBDCs and bitcoin will co-exist for now

Daily Fintech

A couple of months ago, El Salvador became the first nation to adopt bitcoin as legal money. On Tuesday, companies like McDonald’s and Starbucks began accepting bitcoin, making it possible to use the cryptocurrency for everything from purchasing a cup of coffee to paying taxes.

Unlock the promise of Open Banking market infrastructure

Accenture

Open Banking allows customers to share access to their banking data with trusted third parties, which then provide the customer with a better banking experience. Its adoption has been uneven around the world, with some regions quickly introducing it while others take a more cautious approach.

Twitter Adds Strike API for Tips Paid in Bitcoin

PYMNTS

Digital wallet Strike announced the debut of the Strike API platform for marketplace and merchant businesses, according to a Thursday (Sept. 23) press release.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

US Commerce Department Launches National AI Advisory Committee

PYMNTS

The U.S. Department of Commerce has put together a committee to advise President Joe Biden and other federal agencies on issues related to artificial intelligence (AI), according to a press release.

US Investigation of Binance Widens to Include Alleged Market Manipulation

PYMNTS

The U.S. investigation into crypto exchange Binance has expanded to include possible insider trading and market manipulation, Bloomberg writes. The inquiry has included the officials looking into whether Binance or its staff made money by taking advantage of its customers.

Seven Years Later, Only 6% of People with iPhones in the US Use Apple Pay In-Store When They Can

PYMNTS

Remember this? It was about seven years ago – Sept. 9, 2014 – when Tim Cook took the stage at Apple’s WWDC and introduced Apple Pay.

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This Week in Fintech ending 3rd September

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Banking Technology Vision 2021: Key trends for UK and Irish banks

Accenture

For the past 21 years, Accenture’s Banking Technology Vision has pinpointed the emerging tech trends with the greatest potential to disrupt businesses and the industry. I’ve been with Accenture for 16 of those years.

Mastercard, Dubai Asset Management Team on Expanding Use of Payments App in UAE

PYMNTS

Mastercard is keeping an arrangement going with Dubai Asset Management in order to promote more robust digital payments in the UAE, a press release says. The release says this partnership will reward residents in numerous residential communities in that area by helping to enhance technology.

Solving the Payments Data Security and Compliance Problem By Getting Rid of the Data

PYMNTS

To improve compliance, ensure data privacy and cut costs, there are two ways to do it, Mahmoud Abdelkader , CEO and co-founder of Very Good Security , told Karen Webster.

London FinTech Curve Launches BNPL Alternative

PYMNTS

London FinTech and super app startup Curve is introducing a new installment product to compete against the buy now pay later (BNPL) market, according to a Thursday (Sept. 16) press release. The U.K.

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!