October, 2020

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Treasury APIs | A win-win for banks and corporates post-COVID

Accenture

In the post-COVID world, small- and medium-sized enterprises (SMEs) and larger corporates have much to gain from increased connectivity and straight-through access to supply chains and ecosystems. Banks have a unique opportunity to step up and support their corporate clients’ (especially treasurers’) increasingly complex needs through Open Banking and application programming interfaces (APIs).

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Adjust report identifies 3 trends in mobile finance to keep an eye on

Payments Dive

As mobile finance takes up an ever-more central part of our daily lives, understanding the benchmarks and trends from within this fast growing vertical is more vital than ever. In order to answer these questions and more, Adjust has partnered with app Intelligence platform Apptopia to create the Mobile Finance Report 2020.

Trends 542
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Visa To Acquire YellowPepper To Expand Network of Networks In LATAM

PYMNTS

Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. With YellowPepper, companies can access application programming interfaces (APIs) to allow issuers, processors and governments to easily access numerous payment rails and let multiple payment flows through one single con

America 297
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What’s new with Microsoft Teams Recordings?

Perficient

Recently, Microsoft announced they’d be making some changes to where your meeting recordings will be stored. In this blog article, we’ll cover what this change entails and how you can start preparing for things within your organization. Where will my meeting recordings be stored now? In the past, any Teams meeting recording (TMR) would be saved to Microsoft Stream ( with the exception of those not licensed for Stream ).

Meeting 524
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How banks can leverage the potential of data in cash management and treasury

Bobsguide

Data has been a hotly discussed topic in the banking world for some time now. And as firms learn to adapt to the latest pandemic pressure – whether that be new working environments or unprecedented levels of market volatility – the need for real-time visibility of their data has.

Data 211

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Banking Marketplace: Making a Wise Pivot

Accenture

This thought leadership piece – and the related blogs that will explore key topics – will outline why, in the post-COVID-19 era, marketplaces will prove a crucial operating area for banks. We will illustrate how some leaders have ventured profitably into this space, and will explain the steps banks can take to create marketplaces of…. The post Banking Marketplace: Making a Wise Pivot appeared first on Accenture Banking Blog.

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Check the video: The age of technology is here

Payments Dive

Despite the rise of automation, technology can't replace the human-to-human interaction. Or can it? New technology and video kiosks helps businesses provide a personal touch in a technological world.

Video 435
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Oracle, SWIFT Add Fast Cross-Border Payments For SMBs

PYMNTS

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

Payments 363
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5+ Areas Financial Institutions Must Focus on in the Current and Post-COVID-19 Era

Perficient

We have been talking about digital transformation for over 10 years, and the financial industry has been leading the change, albeit at its own pace. This year COVID-19 has been a major disrupter, immutably altering the traditional brick and mortar channel. Financial institutions must begin now to prepare a solid 2-year plan to manage this transformation; otherwise, they will lose ground to new competitors entering their footprint.

Video 520
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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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Open Banking fails to meet targets

Bobsguide

Despite having registered over two million users in the UK, Open Banking is still failing to meet its objectives of creating a more competitive retail banking landscape. “Everything that it's looking to achieve in terms of improving competition and transparency amongst the incumbent.

Meeting 187
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Full PCI compliance dips while security threats mount

Payments Source

It's a perplexing problem for those developing and instituting Payment Card Industry data security standards: Even as threats rise, the number of organizations that fully comply continues to drop.

Security 196
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Marketplace Lending – Finding the Perfect Partner

Jack Henry

The secondary market for buying and selling loans was formed in the late 1800s as the mortgage market in the United States grew following the passing of the National Bank Act in 1864. This market traditionally has been operated using highly bespoke transaction agreements and a relationship-based system of market participants.

Lending 167
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Stem: A fintech solution helping the music industry prosper

Payments Dive

The music industry has been hit hard by the coronavirus. Concerts and tours are cancelled leaving those in the industry, from the novice to the veteran, scrambling for revenue. Stem, a distribution and payments platform founded by Milana Rabkin Lewis, is ready to lend a hand to help artists through the pandemic and beyond.

Industry 412
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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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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Payments 360
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Perficient Listed in Forrester Azure Services Providers Q4 Report

Perficient

We are excited to be listed by Forrester in its recent report, Now Tech: Azure Service Providers, Q4 2020 — Forrester’s Overview of 41 Azure Service Providers. As the report notes, “Many enterprises continue to struggle with starting and continuing their journeys to the cloud.” The report also notes that service providers can help clients in many ways, including helping provide governance for Azure implementations, aiding with accelerating strategy to achieve results quickly, and bringing in ski

Report 520
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Esmaâ??s stress tests catching out asset managers

Bobsguide

The European Securities and Markets Authority’s (Esma) new stress tests expose a lack of preparation among asset managers, highlighting the importance of regtech providers in risk assessments. “The industry has been relying heavily on independent regtech providers who offer solutions.

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Can fingerprint authentication be done safely in the COVID-19 era?

Payments Source

Michael Moeser, senior analyst at PaymentsSource, talks to Christian Fredrikson, CEO of Fingerprint Cards, about the ways biometric authentication has been adopted during the coronavirus pandemic.

Cards 178
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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.

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5 things ATM operators should consider before buying into bitcoin

ATM Marketplace

Bitcoin ATMs have gotten a lot of press lately and it stands to reason that many in the ATM industry may be wondering if now is the right time to purchase a bitcoin ATM. Marc Grens, co-founder and president of DigitalMint, a cash-to-bitcoin providers discusses how to find the right bitcoin provider for your company.

ATM 141
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Machine learning the news for better macroeconomic forecasting

BankUnderground

Arthur Turrell, Eleni Kalamara, Chris Redl, George Kapetanios and Sujit Kapadia Every day, journalists collate information about the world and, with nimble keystrokes, re-express it succinctly as newspaper copy. Events about the macroeconomy are no exception. So could there be additional valuable information about the economy contained in the news?

Analysis 134
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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

Report 348
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Integrate Twilio Flex with ServiceNow to elevate your customer service experience

Perficient

Recovery and emerging trends . As organizations begin to think about the recovery phase from the COVID era, businesses that were digitally enabled and able to innovate fared better. Companies that were previously resistant to change were suddenly faced with the choice to accelerate digital innovation or risk their survival. At Twilio’s annual conference Signal 2020, Jeff Lawson, founder and CEO, discussed major trends that helped businesses thrive during what he termed as the “Great Digita

Video 519
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Payments sector warns of continued cyber threats

Bobsguide

The payments industry must be wary of vulnerable tech builds as cyber threats are predicted increase, according to a director of incident management at the UK National Cyber Security Centre. “From our experience seeing some less mature organisations possibly, one of the things that.

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PayPal, Mastercard team up to power real-time transfers in Europe

Payments Source

Mastercard and PayPal have added to an existing partnership by using Mastercard Send to support immediate access for debit transfers via PayPal's mobile in nine European markets.

Mobile 174
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Mark Carney says banks should link executive pay to Paris climate goals

TheGuardian

Ex-Bank of England boss tells UN summit that boardroom pay link can help meet climate targets faster Former Bank of England governor Mark Carney has said banks should link executive pay to climate risk management, as part of efforts to align the finance industry with Paris climate goals. Speaking at the UN Environment Programme Finance Initiative roundtable on Tuesday, the former central bank boss said lenders should – at the very least – be transparent over whether or not pay is being tied to c

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Keeping Your Brand in a Safe Position During the Pandemic

ABA Community Banking

Go on the offensive on social media and take advantage of creative branding opportunities, as well as provide clear communications to your team members and clients. The post Keeping Your Brand in a Safe Position During the Pandemic appeared first on ABA Banking Journal.

Branding 126
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.