VCs pump the brakes, Personal loans spike, How Ticketmaster uses AI to sort fans from fraudsters

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November 27, 2019

SMB Banking

What The UAE Is Teaching Global FinTechs About SMB Banking

Being small in business can mean dealing with barriers when it comes to banking and financial regulations. And that can hold especially true in a wealthy country like the United Arab Emirates. Evans Munyuki, chief digital officer of UAE-based Emirates NBD, tells PYMNTS how the banking group launched a digital service for small- to medium-sized businesses (SMBs), and how FinTech can better serve this vital part of the economy.

 

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Merchant Services

Why The Death Of The ISO Is Greatly Exaggerated

For over a decade it seems there has always been someone trying to write the obituary for independent sales organizations (ISOs), certain the latest advance in payments would be their doom. But, First American Vice President of Strategic Partnership John Newton tells PYMNTS — even in a world where the processor market is consolidating through M&A activity, ISOs aren’t doomed, or even in trouble. They’re just evolving into their next form. Here’s why.

 

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Real-Time Payments

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

Real-time payments are still a long journey toward ubiquity, particularly in the B2B cross-border payments realm. But just as important as interoperability via the standardized payments is to that adoption, HSBC Global Head of Payment Products Tom Halpin tells PYMNTS, is getting a community of end-users to adopt this real-time payments tech. Here’s why he says a client’s needs will ultimately steer the real-time payments journey to ubiquity.

 

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Credit Unions

How Credit Unions Can Win The FinServ Innovation Game

Just like you wouldn’t bring a knife to a gunfight, you shouldn’t always just bring tech to an innovation showdown. Jeremiah Lotz, PSCU managing vice president, tells PYMNTS that the “innovation” gap that credit unions (CUs) sometimes feel with financial institutions (FIs) can be leveled if they also leverage a key competitive advantage — personalization — particularly as they cement relationships with younger customers.

 

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Digital Fraud Tracker™

How Ticketmaster Uses AI To Sort Fans From Fraudsters

Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts tremendous pressure on ticket-selling platforms to ensure they only engage with legitimate customers. In the new Digital Fraud Tracker, Ticketmaster’s Chief Information Officer Gui Karyo explains how the company uses machine learning tools to distinguish fans from fraudsters.

 

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