Mon.Feb 22, 2021

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How Incorporating Motion Design on Websites Improves Overall Business

Perficient

When consumers visit a website, they expect to find the website designed to tell them who the company is and how its products and services can be beneficial to them, and businesses have a greater chance of accomplishing this when incorporating motion into its website design. Motion design can tell a business’ story at a deeper level, evolve the brand, enhance the user journey, and leave a lasting impact on the consumer.

Video 509
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Take care of your people to take care of your bank

Accenture

Middle market banks have done so much to help their employees during the pandemic. They’ve reskilled branch workers to process PPP loans. They’ve helped call center staff transition to remote work. They’ve supported employee health and well-being. But none of this surprises me. Because taking care of their people isn’t something middle market banks do….

Marketing 221
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19 Analyst Reports That Recognize Perficient – An AR 2020 Roundup

Perficient

Throughout 2020, leading Industry analyst firms Forrester Research, Gartner and IDC have included Perficient in their reports. In total, our 19 analyst report inclusions recognized Perficient for a wide range of expertise from commerce experience services to computer vision consulting, and intelligent data insights to automation tools and technologies.

Report 309
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E-wallets guide for current and future trends

Payments Dive

Although initially viewed mainly as an alternative to a credit or debit card for online or in-store purchases, e-wallets have now expanded out into many different areas ranging from loyalty programs to direct-carrier billing.

Trends 223
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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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3 Key Commerce Areas the Texas Winter Storm Teaches Us About Being Unprepared

Perficient

If you’ve been following the news recently, you’ve likely heard something about how Texas has been trampled by unusually cold temperatures and snow this past week. What you may not have heard is how unprepared the state was for this event. What was even more surprising is how unprepared I was. You may have read a previous post I published about moving to Texas from Massachusetts.

Texas 309

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What Your Loan Pipeline Data Is Telling You

South State Correspondent

If you’re a bank that keeps a loan pipeline report, chances are you have some excellent data that will form the basis of making your bank more efficient. Of the key performance indicators (KPI), tracking length of time to close, approval rates, fall out rates and lost rates are likely on the top of your list to manage to. In this article, we look at some typical rates, what they might mean for your bank and how to improve the ever-important throughput.

Data 150
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SEC heat on Ripple gives MoneyGram pause, even as digital channel grows

Payments Source

With the SEC probing Ripple, MoneyGram sidelines its partner to nurture online operations, which hit a milestone by surpassing in-store Walmart remittances in December.

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Market Commentary: Week of February 22, 2021

SWBC's LenderHub

Last Week: Last week was dominated by the surge in long-term interest rates and a steepening of the yield curve. The 10-year Treasury jumped 13 basis points, while the two-year remained firmly anchored. The sell-off in rates has been orderly, so far, as we have not seen much forced duration selling yet from the mortgage market.

Marketing 136
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US Banks Resilient Despite Pandemic

Banking Exchange

Research from the Federal Reserve noted profitability and capital positions improved in H2 2020 Financial Research The Economy Feature Fair Lending Feature3 Risk Management Covid19 PPP.

US 130
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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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To be truly digital, account openings must be multichannel

Payments Source

Wherever they are, customers should be able to access their application and resume the process at a later time, says FICO's Therese Henry.

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Banking on Diversity initiative launched to target minority businesses

Banking Exchange

BCT-Bank of Charles Town is the latest institution to address inequalities and improve corporate diversity Community Banking Feature3 Feature Human Resources Management Financial Trends.

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The B2B credit and payment crunch behind the pandemic’s bicycle boom

Payments Source

When bicycle purchases surged during the pandemic as people flocked to new outdoor activities, many bike dealers were frustrated by strained supply chains and tight access to capital.

Capital 88
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Bank of Hawaii Launches ‘Branch of Tomorrow’ Premises

Banking Exchange

The bank is reopening revamped branches, while others are adding physical branches in face of online shift Community Banking Feature3 Feature The Economy Financial Trends Lines of Business Retail Banking Branch Technology/ATMs.

Hawaii 78
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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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Stripe adds former Bank of England governor Mark Carney to its board

Payments Source

Former Bank of England and Bank of Canada governor Mark Carney joins Stripe's board as the second new director in two months.

Fintech 102
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Chopra confirmation hearing reported to be scheduled for March 2

CFPB Monitor

According to the Consumer Bankers Association, the Senate Banking Committee will hold a hearing on March 2, 2021 to consider President Biden’s nomination of Rohit Chopra to serve as CFPB Director. The nomination was officially received by the Senate on February 13. .

Report 78
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TransferWise becomes ‘Wise’ as IPO nears

Payments Source

The London-based firm chose a new name as it prepares to go public this year.

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Capital Market Assumptions

TrustBank

Return expectations are an important element in estimating what to expect from portfolios over the longer term. Emotions drive markets in the short term, so no matter how good your information is, trying to guess where the market will be in a year is just that – a guess. In fact, research has shown that the statistics used to make short-term predictions have no near-term predictive power.

Capital 90
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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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Bank of America, Capital One, Wells Fargo file automation-related patents

BankInovation

Bank of America has topped its own record by filing 722 patent applications during 2020, with automation-related patents spanning company divisions. In 2020, the U.S. Patent Office granted the bank 444 patents. Other banks that filed automation-related patents last year include the $421.6 billion Capital One and the $1.9 trillion Wells Fargo Corporation.

America 83
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M&T ends M&A drought with $7.6B deal for People's United

American Banker

The deal for the $63 billion-asset People's United would create a company with more than $200 billion of assets and a branch network stretching from Maine to Virginia. Buffalo-based M&T has not made an acquisition since buying Hudson City Bancorp in late 2015.

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Scotiabank uses AI to automate targeted sales pitches

BankInovation

One of Canada’s largest banks is leveraging its artificial intelligence (AI) platform to automate sales pitches to customers. Scotiabank last week debuted C. Mee, pronounced “see me,” a new tool designed to improve the customer experience, and approximately 10 million Canadian retail banking customers are now engaging with the tool. C. Mee leverages the $901.8 […].

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HSBC looks to Asia after profits plunge 34%

TheGuardian

More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China despite concern about the political crackdown in the former UK colony. The bank said on Tuesday that pre-tax profit was down from $13.3bn (£9.4bn) in 2019 to $8.8bn in the 12 months to 31 December, while the adjusted profit

Taxes 71
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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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Declaration of Independence

ABA Community Banking

Alabama businessman Cecil Batchelor marks half a century as chairman of CB&S Bank, which he remains committed to keeping independent. The post Declaration of Independence appeared first on ABA Banking Journal.

Alabama 98
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White Paper: A Better Way to Protect ATM Machines

ATM Marketplace

Read this paper to discover the tactics that criminals are using to steal ATMs and how they’re evolving, why conventional security is failing to protect ATMs, and how GPS trackers work to stop criminals and recover stolen ATMs and cash cassettes.

ATM 65
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How Wealth Tech Companies Are Helping Financial Services Incumbents Stay Competitive

CB Insights

Wealth tech startups have attracted customers with low fees and convenient, mobile-optimized platforms – an area where incumbents have historically fallen short. Millennial-friendly brokerages are rapidly acquiring large customer bases and stealing market share from incumbents. For example, Robinhood — which added an estimated 5M accounts in the first 9 months of 2020 alone – boasts more customer accounts (~15M) than its rivals Charles Schwab (14.3M) and TD Ameritrade (13.7M).

Company 71
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PA Supreme Court rules proof of defendant’s state of mind not required for deception claim under UTPCPL

CFPB Monitor

The Pennsylvania Supreme Court issued its highly anticipated decision in Gregg v. Ameriprise Financial, Inc. at the end of last week. In 1996, the General Assembly amended the catchall provision of the Unfair Trade Practices and Consumer Protection Law, 73 P.S. 201-2(4)(xi), to prohibit anyone who advertises, sells, or distributes goods or services from “engaging in any deceptive conduct. which creates a likelihood of confusion or misunderstanding” during a transaction.

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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.