Sat.Aug 18, 2018 - Fri.Aug 24, 2018

NEW REPORT: The Hidden Costs Of Corporate Employee IOUs

PYMNTS

It’s an inconvenience many field-based employees face: being forced to dip into their own personal accounts to make company purchases for work-related projects, then enduring the hassle of filing and waiting for reimbursement.

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How AI will change banking

Chris Skinner

The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services.

Crypto Utopias: Societies on Crypto and Smart Contracts; Coinbase is developing a platform like Facebook Connect; Crypto Security: Responsibility is the price of freedom.

Daily Fintech

Thomas More’s Utopia designed in 1516. The Blockchain Bitcoin & Crypto Weekly CXO Briefing is all you need to know, each week, jargon free for CXO level business leaders and investors who will use this technology to change the world.

Walmart completes Flipkart acquisition

The Paypers

(The Paypers) Walmart and Flipkart have announced the closing of the agreements for Walmart to become the largest shareholder in the Flipkart Group

Today In Data: An App For Every Need

PYMNTS

The great mobile payment revolution is finally underway – albeit in a form that no one predicted in 2014 when the hype was really building.

Data 141

More Trending

Barclays Backs Crowdz B2B Procurement Platform With Payments Tech

PYMNTS

Barclaycard has partnered with Silicon Valley startup Crowdz to make the process of selling and finding business services easier. While consumer payments have been revolutionized through mobile technology, Barclays points out that things have been slower in the business-to-business (B2B) space. In fact, only one in four transactions in the supply chain are digitized.

Things worth reading: 20th August 2018

Chris Skinner

Online 146

Interview with one of our Daily Fintech experts Stephen Goldstein

Daily Fintech

This week I had the honor to interview with Mr. Stephen Goldstein. He was an insurance officer and has run businesses in different regions through US, Europe and Asia. Now he is focused on working with and for InsurTech startups to help them grow and thrive.

Sthaler, CP Plus to launch Fingopay across NHS trusts

The Paypers

(The Paypers) Sthaler has partnered with CP Plus to develop a parking technology aimed at increasing security for ID verification and payment authentication at hospital parking sites

Why Cash Was King For The Queen Of Soul

PYMNTS

“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.”. Writing about Aretha in a 2016 profile for The New Yorker , writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money, he explained, was her fee for singing that night in Ontario, because Aretha only sang once she had been paid upfront.

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Client Note: Uber Exits Autonomous Vehicles, WeWork China’s Competitors, Amazon Patents, Who’s Not Millennial-Obsessed, And More

CB Insights

Today, we’re talking about senior care, the Ponzi scheme of ambition, Amazon patents, and more, including: It’s time for Uber to exit autonomous vehicles. WeWork China: Will it dominate, or retreat like Uber? One retailer who isn’t millennial-obsessed. Energy storage startups. Sugar gets a revamp with biotech. Amazon, Google, and Microsoft patent analysis. Time to put Uber’s autonomy dreams to rest. Want the full post? Become a CB Insights customer.

Cobalt FCU to Switch to State Charter and Add Additional Counties

Keith Leggett's Credit Union Watch

The Omaha World-Herald is reporting that Cobalt Federal Credit Union, headquartered in Papillion, NE, plans to switch from a federal to a state charter. The former SAC Federal Credit Union will become an Iowa chartered credit union. As an Iowa state charter, the credit union will add Lancaster and Dodge Counties in Nebraska to its field of membership (FOM). The State of Iowa and the National Credit Union Administration have approved the proposed charter change.

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Admiral Beverage chooses USA Technologies for cashless payments

The Paypers

(The Paypers) USA Technologies , a payment technology service provider, has made public that Admiral Pepsi has signed a multi-year agreement for USAT`s ePort Connect Service

Alibaba Takes On Amazon, Flipkart In India

PYMNTS

Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports , the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon India. Alibaba is reportedly looking to acquire a large portion of Reliance Retail in order to build and expand a digital commerce venture.

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Creating a Culture of Compliance

ABA Community Banking

As the number of banking industry laws and regulations has multiplied over the last decade, it has created a significant financial burden, causing bankers to think about compliance in a completely different way. Feature Compliance Feature3. 1Compliance

Kenya Banks – Super Profits Back?

Bankelele

The simultaneous release on Thursday morning of half-year results of Kenya’s three largest banks portrays a picture of the banks resuming their super profits streak even as the government looks set to repeal interest rate caps later this year. But the results are deceptive in that the banks have all shown flat growth in loans, […]. The post Kenya Banks – Super Profits Back? appeared first on Bankelele.

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Charity trend in Russia is driven by local boost of payment technologies, report shows

The Paypers

(The Paypers) The number of Russians donating online has increased by 40% in the first six months of 2018 in comparison to 2017, according to a study by Yandex.Checkout.

Online Platforms: Why Consumers Rule And Regulators Don’t

PYMNTS

A few weeks from now will mark the 72nd anniversary of a federal court decision that found grocery store chain The Great Atlantic and Pacific Tea Company and its founders, George and John Hartford, guilty of engaging in anti-competitive behavior. That story is the subject of a terrific book written by economist Marc Levinson , “The Great A&P And The Struggle For Small Business In America”. It’s a great read and the source of several of the data points quoted in my piece.

CECL for Auto Finance – How to Get Set for CECL?

FICO

How to get set for CECL. In my last blog post , I started to outline my “10 Requirements for an Effective CECL Software Solution,” where I focused on three requirements your organization needs to do to get ready for CECL implementation.

ALLY Financial Beats Estimates as usual, But Expenses are a Concern

ABA Community Banking

Earlier this month, Ally Financial released its Q2 Earnings report. Management Payments Feature Mortgage/CRE Feature3. 1Management

Shopee, DHL extend partnership for next-day deliveries in Malaysia

The Paypers

(The Paypers) Shopee and DHL eCommerce have associated as partners to offer domestic delivery for Shopee sellers and buyers across Malaysia

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Corporate Travel’s Tech Adoption Voyage

PYMNTS

Consumerization in the corporate payments space may be no more present than it is in the business travel arena. Employees are naturally using the same technologies and payment tools while they travel for work as they do in their personal lives, and travel managers must keep that in mind when designing travel programs that meet both corporates’ and employees’ needs.

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F&M expands northeast Ind. operations with Limberlost acquisition

BankThink

Farmers & Merchants will pay $89 million for the parent of Bank of Geneva. Community banking M&A Capital Growth strategies Ohio Indiana

Organizations don't have to go 'all in' to automate corporate payments

Payments Source

Thanks to the downstream nature of technology, what was once the domain for large organizations is now accessible to organizations of all sizes, writes Ralph Perdomo, a research analyst at Nvoicepay. ISO and agent B-to-B payments Payment processing Automation

Barclaycard and blockchain startup Crowdz to digitise supply chain

The Paypers

(The Paypers) UK-based payments company Barclaycard has announced working with blockchain startup Crowdz to digitise the business-to-business supply chain

Late Payments Mean Summer Doldrums For SMB Owners

PYMNTS

Summer — lazy and hazy days, at least for some. But not for business owners forced to chase late payments. To that end, Hitachi Capital reported that, as noted in a survey of 1,200 businesses conducted by YouGov, late payments bedevil several verticals. In fact, the problem is so widespread that it is being described as a “late payment epidemic.” Of the businesses surveyed, 63 percent stated that they had to deal with late payments for invoices stretching back to June 2018.

Credit Unions with the Largest Credit Card Portfolios

BankThink

On Mar. 31, 2018. Dollars in thousands. Ranking the banks Credit unions Credit cards

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Challenger CEO reacts to CMAâ??s bank rankings

Bobs Guide

On the 15th of August, the UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites

Hitachi Capital America plans trade finance expansion to Mexico

The Paypers

(The Paypers) Hitachi Capital America has announced that its trade finance team is in the process of expanding its capabilities to Mexico

Naf Naf Grill On Serving More Customers, Faster, With Digital Ordering

PYMNTS

Despite the fact that customers want their food fast, restaurants have to work hard to encourage mobile ordering, and to keep customers engaged with incentives to prevent them from deleting the app after use. For Chicago-based Middle Eastern food chain Naf Naf Grill , that means focusing on reward points, while also making order fulfillment as speedy as possible. The fast casual restaurant is a recent addition to the order-ahead scene, having launched its service in January 2018.

Credit Unions with the Largest Portfolios of First Mortgage Loans

BankThink

On Mar. 31, 2018. Dollars in thousands. Ranking the banks Credit unions First time home buyers

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8.20.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: A new wallet emerges in China; Monzo draws more investment; Ripple expands its exchange network; Ant Financial expands into health care payments. Briefing

Chinese Aerospace develops blockchain invoice system

The Paypers

(The Paypers) China Aerospace Science and Industry Corporation has announced it is developing a blockchain invoice system

CLEAR CEO: Biometrics, Ballparks And Bridges To A Portable ID

PYMNTS

How on time a traveler is for a flight seems to be consistently correlated with how long it will take them to go from the airport’s front door to the boarding area before the doors close. From pre-screening through screening, to that final run through the airport to find the right gate, it’s an exercise and anxiety that no one loves.