Tue.Mar 02, 2021

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Seizing the $300 Billion Opportunity in Payments

Accenture

Many banks today are not seeing the returns on their investments in payments modernisation they hoped for. This is often due to a reactive, compliance-driven, piecemeal approach that makes it harder to adopt new capabilities.

Payments 438
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Lift Off to the Oracle SCM Cloud! – Why Move to Cloud for SCM Enablement?

Perficient

One of the biggest challenges companies face with their SCM applications footprint is the decision to move part or all of it to a cloud based SaaS/PaaS platform. This decision is sometimes complicated by the fact that on-premise license renewals, de-support notices for earlier versions of EBS, ‘true ups’ for user license fees (especially when there has been significant revenue or head count growth) and the cost technical objects (and their maintenance) built over the lifecycle of the

Exercises 322
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Accelerating digital transformation: value in a platform-based approach

Bobsguide

Over the last 12 months we’ve seen one of the biggest shifts in decades in financial technology – with banks accelerating the transition of their operations to the cloud. The benefits are clear: a cloud-based approach provides easy access to innovation, helps banks.

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Accelerate and Simplify ERP Payments

Perficient

Implementing a new ERP system will require you to re-evaluate your banking relationships, system capabilities, and review best practices. You may encounter challenges in planning and coordinating required new payment development and project coordination with your relationship banks. Thankfully Kyriba can help you solve these problems. Let’s take a look at what a traditional ERP banking project entails, and then I’ll explain how Kyriba and drastically accelerate and simplify your solution.

Payments 322
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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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Are software vendors about to become Netflix-like? Well, sort of

Bobsguide

These days, there are three main software delivery models on the market: out the box, off-premises, and on-premises. In the out of the box delivery model, the user buys a disk containing a software distribution kit and installs it. Simple as it may seem, the main disadvantages of the model.

Software 157

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Can we finally kill the password?

Payments Source

David Heun, associate editor of PaymentsSource, talks to Phillip Dunkelberger, president and CEO of Nok Nok Labs, about the latest developments in data security. Nok Nok is a founding member of the Faster Identity Online alliance, or FIDO.

Security 154
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Optimizely Integration within Episerver – Part 1: Full Stack Feature

Perficient

With the rebranding of Episerver to Optimizely there have been several questions floating around about the Optimizely stack and how it can be used in a traditional Episerver project. This is a quick four part series where we look at some potential ways the products can be integrated. Here are the links to all of the posts in this series (please check back as new articles will be added): Part 1 – Full Stack Feature.

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The cloud revolution is just the start for B2B payments

Payments Source

The mass shift to remote work has blurred lines between consumer and business pay, creating a greater push for digitization, says Billtrust's Justin Main.

Maine 154
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Federal Reserve Changes Derivative Netting Rules

Perficient

On February 18, the Federal Reserve Board announced a final rule that they claim is intended to reduce risk and increase efficiency in the financial system by applying derivative netting protections to a broader range of financial institutions. Sections 401-407 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) validate netting contracts among financial institutions.

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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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Fintechs praise Kalifa Review but await government response

Bobsguide

Reaction to the long-awaited Kalifa Review of UK Fintech by the fintech community has been broadly positive. But the industry’s attention now turns to the UK government and how it will implement the raft of recommendations made in the report. Published on February 26, on the eve of the.

Fintech 135
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Recent Changes to the FR 2052a Complex Institution Liquidity Monitoring Report

Perficient

Previously , I discussed the history FR 2052a Complex Institution Liquidity Monitoring Report. My next blog will outline the recent changes to the report. As allowed in the FR’s 2052a guidelines, the Federal Reserve has already requested that monthly filers submit FR 2052a data on a more frequent basis and altered the asset and liquidity thresholds of when a financial institution must provide daily reporting.

Report 309
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Inside Dwolla's efforts to find a formula for faster payments

Payments Source

Building the processing tech was the easy part. Finding the right mix of users and transactions posed many challenges.

Payments 155
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Applying Power Platform to the Healthcare Industry – Part 1: Setting Up Entities in Dataverse

Perficient

This series is about using Power Platform to help streamline the work of healthcare providers and increase patient safety. In this tutorial there will be 2 entity tables – one for storing all the directions and one for storing the condition sets that each direction will be pulled by. The key to joining these two tables will be a lookup value for each condition ID.

Industry 309
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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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PayPal in talks to acquire crypto storage firm Curv

Payments Source

PayPal Holdings Inc. is in talks to acquire the startup Curv, which helps companies transfer and store digital currencies.

Company 134
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Argus Safety, Oracle Clinical & RDC Release Notes [Mar. 2021]

Perficient

Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety. Oracle Clinical/Remote Data Capture (OC/RDC). Thesaurus Management System (TMS). Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, we post a fresh version monthly to eliminate confusion.

Software 309
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Tokenization: Embracing the great unifier

ATM Marketplace

Consumers expect their personal payment data will be protected when shopping online. For many companies that requires tokenization: using an algorithmically generated number called a token. Andre Machicao, SVP, Global Head of Product, Cybersource, shares his insight on tokenization and how it can help consumers and online businesses.

Online 109
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The Senior Executive’s Guide to Site Migrations – Step 1 of 4: Plan

Perficient

This video is the first in a series of videos designed to help you execute a successful site migration project. A site migration requires a significant monetary and time investment, so it’s important that it’s done right and drives business growth. In this video, Matt Ruud, Director of Digital Marketing at Perficient, and Eric Enge, Principal of Digital Marketing, walk through the first step in the four steps to a successful site migration, Plan.

Video 294
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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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How Square's bank can use bitcoin profits to promote financial inclusion

Payments Source

The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.

Bitcoin 134
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RBC builds out remote verification and onboarding tools

BankInovation

Royal Bank of Canada is eyeing additional efficiency gains as it looks to expand its remote identity verification and onboarding tools across new business lines and ID types. The $1 trillion Toronto-based bank developed technology in March 2020 that allows the bank to remotely identify and onboard personal banking and SMB customers. Now, it’s looking […].

Tools 98
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Databits: Fear, malaise, and eroding trust

Payments Source

How consumer attitudes toward privacy threaten to overturn long-standing industry assumptions about customer data and personalization.

Data 110
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Complaints about guarantor loans rise by 3,000% in a year

TheGuardian

Loans are backed by a relative or friend and have seen Amigo become UK’s most complained about financial firm Complaints to the financial ombudsman about a type of high-cost loan where the debt is backed by a relative or friend have leapt by more than 3,000% in a year and are running at almost 800 a week. The surge in the number of unhappy customers means that sub-prime lender Amigo – the biggest provider of so-called guarantor loans – has become the UK’s most complained-about financial firm, ac

Data 91
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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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Can banks convince customers their data is safe?

American Banker

Less than half of consumers believe financial services providers adequately protect their personal information, according to an Arizent survey. Banks such as Wells Fargo and Bank of Idaho are offering mobile tools and cybersecurity education that could help rebuild trust.

Idaho 95
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Digital payment firms are prime for open banking partnerships

Payments Source

Challenger banks and fintechs can't be considered rivals, says Episode Six's John Mitchell.

Payments 116
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Credit unions can't fulfill mission without embracing diversity

American Banker

An industry founded to provide affordable financial services to those of modest means needs to do a much better job of recruiting Black, Latino and other minorities to the workforce and the member base.

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Bank of America’s Khawaja: Automation represents $7T opportunity

BankInovation

Trillions of dollars are lost on nonproductive work — $7 trillion to be exact — representing vast opportunity for automation and digitalization. “It's a massive opportunity,” said Salah Khawaja, managing director of automation and global risk for Bank of America, at the recent AI Business Week Symposium. Khawaja quoted the $7 trillion lost in his […].

America 78
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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.