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Motive Partners - Sunday Brainfood

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June 30 · Issue #150 · View online
Brainfood
Quotes of the Week
In the era of AI and machine learning and the race to own the customer relationship, accurate and complete data is vital for businesses to succeed. Yet, a report released this week by Dun & Bradstreet, a Motive Partners portfolio company, found that one in five businesses have lost revenue and customers as a result of inaccurate and incomplete data about them. 
Monica Richter, Chief Data Officer, Dun & Bradstreet said:
“Businesses must make data governance and stewardship a priority. Whether leaders are exploring AI or predictive analytics, clean, defined data is key to the success of any program and essential for mitigating risk and growing the business.”
Commenting on the findings in the report, Anthony Scriffignano, Ph.D, chief data scientist at Dun & Bradstreet, said:
“Information has always been critical for businesses, but over the past decade, the volume of data, the types of information available and the ability to do new things with that data have expanded enormously. It’s not surprising that many business leaders feel they are still catching up and their organizations are yet to make the most of data – and some have even been fined or lost customers due to incomplete or ‘dirty’ data.”
Download the report here or look out for it on Dun & Bradstreet’s LinkedIn and Twitter (@dnbukteam and @dnbus).
Motive Podcasts
Last week we heard from John W. Thompson (Chairman of Microsoft, Venture Partner at Lightspeed and Motive Partners GAC Member) and this week we caught up Alastair Lukies CBE (CEO & Founder of Pollinate, and Motive Partners GAC Vice-Chairman). We talked across many areas, from the UK & Africa’s FinTech opportunity to the problems for SMEs that Pollinate is addressing.
Our favourite moment?
10:45 - listen to Alastair talk about the Pollinate user journey and the various components that make this business so unique. 
All episodes are on Apple PodcastsSpotify or Google Podcasts.
FinTech of the Week
Our FinTech of the Week is Tel-Aviv based Trigo Vision, which installs high-tech cameras and artificial intelligence in existing grocery stores that allows retailers to automatically charge customers and to track what people purchase.
What’s the big deal?
This week, Bloomberg reported that Tesco Plc is partnering with Trigo Vision to become the next major food retailer to remove cashiers from some of its stores as competition with Amazon heats up. This would be the second major grocery chain partnership for Trigo Vision as it partnered with Shufersal, Israel’s largest grocery chain, in November last year.
Trigo Vision has been on our radar for a while and it’s great to see that other parts of the globe are realising its potential!
Upcoming Industry Events
Select M&A Activity
JPMorgan Chase in talks to invest in UK fintech
Capital One acquires BlueTarp in appeal to business clients
Funding Activity
Monzo smashes past £2bn valuation in fresh round from Silicon fund
Open hits $50m funding for SME banking
What We're Reading
Avaloq CEO: Making Banks and Wealth Managers Future Ready 
Tesco Is Said to Work With Israel's Trigo on Cashierless Stores
Mastercard and P27 to launch Nordic real-time payments system
UK challenger banks vulnerable to no-deal Brexit
Intesa Sanpaolo ventures into crowdfunding with BacktoWork24 stake
Mastercard Previews City Inclusion Platform In Honolulu
Apple Pay coming to Monese customers
Monzo boss upbeat on progress despite mounting losses
TransferWise’s new debit card for the US fires the starting gun on a new war for travelers
PayPal launches its first UK debit card
BankMobile rolls out student loan refinancing platform
Northern Trust transfers PE blockchain to Broadridge
Blockchain's Real-Time Payments Use Case
Fintech adoption in Singapore almost triples in 2 years to 67%: EY
What is the Libra Association going to do, really?
What The Launch Of Facebook's Libra Means For Payments
Why Bank Data Will Dominate in 2019
These apps will take your small business to the next level
Regulation
FCA delays introduction of Strong Consumer Authentication rules
Global Regulators Circle Libra's Crypto Wagon
Singapore to issue digital bank licences
In The PSD2 Age, Banks Must Think Like FinTech Firms
What SCA Means For Europe And Beyond
GDPR's One-Year Anniversary (And Scorecard)
Key Hires & Talent
Sponsored by JBM Consulting
Avaloq appoints new head of sourcing and sales lead
PayPal COO Ready moves on
HR in financial services: a sector rich in opportunities?
ADSS CEO Philippe Ghanem to Leave Firm
Former Nomura FX Trader Brian Quinif Joins HSBC Currency Desk
Scottish Stock Exchange make two major hires from banking and finance
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