Amazon enters health wearables, U.S. grocery sales slide, Will quantum computing help financial services?

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August 28, 2020

Real-Time Payments

Smaller FIs At The Real-Time Payments Crossroads

While financial institution (FI) interest in real-time payments services is on the rise, smaller banks have work to do to organize their workflows for the real-time use cases that consumers increasingly demand. Doug Brown, NCR Digital Banking’s senior vice president and general manager, tells Karen Webster what smaller FIs must do to remain competitive in an increasingly real-time world.

 

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Quantum Computing

Quantifying Quantum Computing’s Value In Financial Services

The U.S. government and the private sector will spend $1 billion over five years to bring quantum computing and artificial intelligence (AI) to mainstream applications. Dr. Stefan Wörner, global leader of quantum finance and optimization at IBM, tells Karen Webster that one of the big hurdles is quantifying its value beyond investments already made in AI. Here’s where he sees some promising applications.

 

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How We Play

Camping’s Pandemic-Inspired Renaissance

COVID-19 has pushed the consumers' already-strong interest in camping into overdrive as they look for vacation spots far away from other people, Alyssa Ravasio, founder and CEO of camping marketplace Hipcamp, tells PYMNTS. Here’s why she thinks the sector’s popularity will outlast the pandemic.

 

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SaaS Models

How SaaS Can Help Optimize eCommerce In A Digital-First World

The transition to SaaS arrangements vs. one-time software downloads was well underway before COVID-19 because it’s a better revenue generator for software providers and a better-tailored product for customers, FastSpring Chief Financial Officer Mark Lambert tells PYMNTS. He adds that both of those things have only become more relevant since the pandemic struck and the entire business world digitizes.

 

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Grocery Tracker

What The Amazon Fresh Store Says About The Future Of Grocery Shopping

Amazon on Thursday opened Amazon Fresh in Los Angeles — a combination grocery and curated Amazon branded merch store with a heavy dose of technology in the form of smart carts that auto-checkout and Alexa-powered kiosks. Here’s why it holds clues into how Amazon thinks the future of grocery shopping will look.

 

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Preventing Financial Crimes Playbook

Report: How ING Group Is Using AI To Fight Financial Crime

Fraudsters are targeting corporate accounts with large-scale schemes that combine phishing and malware attacks, says Beate Zwijnenberg, chief information security officer for ING Group. In this month’s Preventing Financial Crimes Playbook, Zwijnenberg explains the role of artificial intelligence- (AI) powered multi-layered defense systems in detecting the anomalous transactions that too often go unnoticed by human analysts.

 

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