| Economists say recovery will take two years, Main Street businesses seek real-time settlement, Lemonade CFO on industry industry’s innovators dilemma | | | Digital Banks And The Power Of The Cloud Tracker⢠|
| When FIs Move To The Cloud, It Pays To Start At The Bottom Financial institutions are embracing cloud technologies to roll out innovative tools and services, but selectively upgrading infrastructure isnât enough, says Michael Morris, chief technology officer for an Australian FinTech, Up. In the latest Digital Banks And The Power Of The Cloud Tracker, Morris discusses why FIs should take a bottom-up approach to upgrading cloud infrastructure or risk getting left behind. |
| From Paper To Digital To Money On Demand: Whoâll Lead The Way? Banks may have missed leading the first big wave of digital payments, but they donât have to miss the second one, Ingo Money CEO Drew Edwards tells Karen Webster. While FinTechs and other upstarts built infrastructure for the initial generation of moving payments digital and online, banks can still lead the charge to its next big wave: from digital to instant payments. Hereâs why. |
| Movile CEO On Building Latin Americaâs Mobile-Commerce Ecosystem COVID-19 hasnât fundamentally altered LATAMâs digital trend lines, but it has pushed it into high gear. Movile CEO Patrick Hruby takes Karen Webster on a tour of the mobile commerce ecosystem it's created to meet the needs of the consumers and businesses in the region, including the addition of the platform that he says ties it all together: last mile logistics. |
| New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses The pandemic has hit Main Street especially hard as many businesses face the double whammy of reduced sales and slow merchant settlements. A new PYMNTS study of Main Street businesses shows that more than 90 percent are interested in real-time settlement to close their growing cash flow gaps, and that many would switch providers to get it. |
| Shellfish Industry Turns To DTC To Boost Profits After losing as much as 98 percent of its business to pandemic-related lockdowns, the shellfish industry is aiming for a comeback — as are the restaurants that sell its products. Karen Rivara, founder of Eros Cultured Oyster Co., and Matt Katcham, founder of Peconic Gold Oysters, tell PYMNTS that the key to the industry’s comeback will be creative direct-to-consumer selling strategies. |
| | Monday Conversation | | Lemonade CFO On The Insurance Industryâs
'Innovatorâs Dilemma' The insurance industry has been defined by decades-old incumbents struggling to modernize amid the weight of legacy infrastructure. But digital-native Insurtech newcomer Lemonade was built digital-first, and not only pays claims in real time but can settle them that way, too. Lemonade CFO Tim Bixby takes Karen Webster inside Lemonade, how it manages its payments workflows and why traditional insurance companies are faced with their own 'innovators dilemma.' |
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