Thu.Mar 04, 2021

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How to Get Started With a Power Platform COE

Perficient

The following is the fifth and final in a series of blogs about how a center of excellence can help you unlock the potential of your people and Power Platform. Throughout this series, we have explained how Power Platform enables your makers and why and how a COE enables these makers. Now all you need to know is how to get started with your Power Platform COE.

How To 553
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5 Customer Service Mistakes Impacting Your Account Holders’ Experience

SWBC's LenderHub

As we all know, providing exceptional customer service is key to running a successful company, but is your financial institution doing everything it can to ensure your valued customers are getting the type of service they want and need?

Company 148
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POUR: Designing for Accessibility with Perceivability in Mind

Perficient

Designing for accessibility is both a mindset and a design practice. Together, they strive to make various forms of technology accessible to people as much as possible by minimizing or eliminating barriers to information through our senses (hearing, vision, and touch). The ability to access digital content every day should not be difficult for anyone using assistive technology or an adaptive strategy like zoom text and should remain a top design priority for organizations to incorporate into the

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India's payments 'umbrella' could provide uneven cover

Payments Source

A government-backed digital transaction system will soon have private sector rivals, who will have an inside track to returns on massive investments.

Payments 155
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Docker Bootcamp – Persistent Storage

Perficient

Welcome back to my Docker Bootcamp Series. In the first post, I covered the background and installation of Docker , and in the next, I reviewed Docker terminology and gave examples to test out. In this post, I’ll show you how to store persistent data outside your containers and inject data into a container. Terminology. Bind Volume – Connected to a user-specified file or directory on the host system.

System 322

More Trending

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Byte-9: Build your own in-house technology radar

Perficient

Do you have your own technology radar? Did you build any recently ? If not, I recommend you to build one. Technology radar helps to give a view of your tools and technologies which are in play and assigning them to the different quadrants of the radar. It gives a visual representation of the adoption level of the frameworks, tools, platforms, and technologies that are in use and in the market. .

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Discover opening call center in low-income Chicago neighborhood

Payments Source

The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area.

Chicago 118
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Applying Power Platform to the Healthcare Industry – Part 3: Creating the Front End With Power Apps

Perficient

This mini series is about using Power Platform to help streamline the work of healthcare providers and increase patient safety. Part 2 of this mini series covered using Power Automate to extract lab result values from a response object and used them to check which entity conditions are true and send them to the Power App. Part 1 covered how to set up your database – creating entity tables.

Industry 309
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Budget 2021: Fintech omission disappoints

Bobsguide

Hopes of detailed spending plans for fintech were dashed when Chancellor Rishi Sunak failed to specifically mention the sector in his Budget speech on March 3. Luke Hamm, CEO of R&D tax specialists GovGrant said in a statement that the government had “fallen short” of.

Fintech 88
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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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The Senior Executive’s Guide to Site Migrations – Step 2 of 4: Build

Perficient

This video is the second in a series of videos designed to help you execute a successful site migration project. If you missed the first video in this series, watch it now: Step 1: Plan. Extensive planning is critical to the success of your site migration project. But, once you have a plan, what’s next? The second step of the 4 steps to a successful site migration is Build.

Video 309
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Square to buy Jay-Z's music service Tidal, appoint him to board

Payments Source

Square Inc. has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of financial tools to musicians and emerging artists.

Tools 88
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Plaid jumps on income verification with new tool

BankInovation

Plaid is the latest company to step into income verification services, in a move to tackle manual processes and speed underwriting for financial institutions. With Plaid Income, currently in beta, the data aggregator is aiming to make it easier for consumers to verify their income in order to secure loans, qualify for mortgages, rent apartments, […].

Tools 97
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Regulations give crypto the push it needs to counter skeptics

Payments Source

As the public's interest in bitcoin and other crypto assets gradually spreads, government rules and compliance will follow, says Voyager Digital's Stephen Ehrlich.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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NYDFS penalizes mortgage company for cyber breach

CFPB Monitor

On March 3 rd , the New York Department of Financial Services (“NYDFS”) announced a settlement with Residential Mortgage Services, Inc. (“RMS”) to resolve allegations that RMS violated the NYDFS Cybersecurity Regulation relating to a 2019 cyber breach. In July 2020, NYDFS conducted an examination of RMS as a licensed mortgage banker. During the examination, NYDFS uncovered evidence that allegedly revealed that RMS had been subject to a cyber breach that had not been reported to NYDFS.

Company 78
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Do You Know Your Business Borrowers New Year’s Resolutions?

Jack Henry

The New Year is widely recognized as the start of a clean slate. Many of us take it upon ourselves to set New Year’s resolutions, goals to improve our lives in one way or another. And after the year we all had in 2020… I would say a New Year’s resolution is in order! But not the typical ones. Lose weight. Go virtual on Business Development. Dry January.

US 78
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CFPB proposes to delay mandatory compliance date for new general qualified mortgage

CFPB Monitor

The CFPB has proposed to delay the mandatory compliance date for the new general qualified mortgage (QM) rule that amends the Regulation Z ability to repay/QM rule from July 1, 2021 to October 1, 2022. As previously reported , in December 2020, a little over a month before former Director Kraninger resigned, the CFPB issued two final QM rules. One rule creates the new general QM based on an annual percentage rate (APR) limit to replace the original general QM based on a strict 43% debt-to-inco

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A variety of payment types is better than just 'digital'

Payments Source

With so many personally and financially impacted by COVID-19, consumers have made it clear that the way customers pay for goods or services can no longer follow a one-size-fits all approach, says eBay's Alyssa Cutright.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Acting CFPB Director Uejio’s blog post on consumer complaint responses and potential racial disparities: is your company’s handling of complaints ready for scrutiny by the “new CFPB”?

CFPB Monitor

We first review recent studies finding racial disparities in connection with consumer complaints and look at the methodology used for those studies and its limitations. We then discuss how the CFPB uses complaint data, the risks faced by companies that are the subject of complaints, and the key components of an effective complaint management system that companies should have in place.

Study 78
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Tens of thousands of jobs at risk as Greensill Capital moves closer to collapse

TheGuardian

Court papers reveal extent of difficulties facing the global financier, with billions of dollars of loans now under a cloud Global financier Greensill Capital has moved closer to a collapse that could cost tens of thousands of jobs in businesses in Europe, the US and Australia, after a court released papers that cast doubt on its insurance of A$10bn (£5.55bn) of loans issued to its customers.

Capital 87
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Magistrate judge denies CFPB’s motion for partial dismissal of lawsuit challenging creation of Taskforce on Federal Consumer Financial Law

CFPB Monitor

A magistrate judge has denied the CFPB’s motion for partial dismissal of the lawsuit filed in a Massachusetts federal district court challenging the creation of the CFPB’s Taskforce on Federal Consumer Financial Law. The plaintiffs in the lawsuit are the National Association of Consumer Advocates (NACA), U.S. Public Interest Research Group (U.S. PIRG), and Professor Kathleen Engel.

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A business deposit account that sweeps cash into green projects

American Banker

MUFG Union Bank is offering a new deposit product to commercial clients who want to see their cash reserves used to help finance sustainable projects, such as renewable energy or green transportation.

Lending 84
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Finastra: Corporate banks prioritize products that require automation

BankInovation

Corporate banks are prioritizing online portals, real-time access and execution, and value-added services in a shift that will require investments in automation to achieve. Corporate banks are moving away from their traditional focus on relationship management to support for digital-based trends, according to a new report this week from Finastra “Beyond the traditional relationship model.” […].

Trends 75
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Credit unions dig into data to offset slowdown in lending

American Banker

Technology is helping some institutions find new growth opportunities as lending contracts, but many CUs also were able to use data to assist members during the early days of the pandemic.

Lending 83
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Google Is Partnering With Cyber Insurance Giants. Here’s What It Means For The Future Of Cloud Security & Insurance

CB Insights

As companies continue to transition to the cloud, cybersecurity remains a major concern amid growing cyber losses. However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. Integrating cyber insurance with core cloud and cybersecurity software could help reduce this coverage gap. . Earlier this week, Google announced it had partnered with Allianz and Munich Re to provide a unique cyber insurance product to its Google Cloud customers.

Google 74
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Valley Strong to bulk up with Solano First merger

American Banker

The deal, subject to approval from regulators and members, will add to Valley Strong's existing branch network and comes after several years of losses at Solano First.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.