Sat.Oct 02, 2021 - Fri.Oct 08, 2021

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Perficient Listed in Forrester Now Tech: Robotic Process Automation Services, Q4 2021

Perficient

Robotic Process Automation (RPA) is the use of software to automate high volume and repetitive tasks that previously required a human to perform. RPA enables the configuration of a “bot” or “digital workers” to capture and interpret tasks on existing applications such as processing transactions, transforming or manipulating data, triggering responses, and integrating with other digital systems.

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How banks can break the cycle of IT transformation fatigue

Accenture

For many middle market banks, IT transformation is constant. Ever since the Agile Manifesto 20 years ago, it’s like we’ve been in a race that never reaches the finish line. Banks implement agile teams. They invest to become more digital. They scale their transformation. Finally, they are closer than ever to enterprise agility. Or so…. The post How banks can break the cycle of IT transformation fatigue appeared first on Accenture Banking Blog.

Marketing 412
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Optimize Your Financial Institution’s Loan Review Process – Video

Abrigo

How to Get the Most from the Loan Review Function Independent loan review works best when it has a charter and reports up to auditing. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? Takeaway 1 Loan review or credit risk review is a significant risk management function. . Takeaway 2 A charter for your institution's loan review process helps ensure its independence. .

Video 195
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How the 6 Steps of Ecosystem Management Can Drive Revenue and Loan Growth

Jack Henry

The events of the past year have reinforced the notion that healthy loan portfolios feed much more than the financial institution and its shareholders. They feed the communities served by those institutions. They nurture the nationwide economy. Most importantly, they help form the conditions that ensure future economic growth.

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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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The CFPB Regulation F Requirements Take Effect in Less Than 60 Days – What’s Your Plan?

Perficient

In less than 60 days, the CFPB Regulation F requirements take effect. In simple terms, it means collectors can: Make seven call attempts within a seven-day period. Make one call within a week of speaking with the “right party.”. Strategies must be altered, and creating sequencing that supports your delinquency goals and loss forecast can be challenging.

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How to Decide Whether to Build or Buy CECL Model Software

Abrigo

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Download. Takeaway 1 Institutions complying with CECL in 2023 must make their build or buy decision quickly.

Software 195
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Why Every Month Should Be Preparedness & Cybersecurity Month

Jack Henry

Autumn is a time of transition from those hot summer days (where it doesn’t get dark until around 10:00 p.m. where I live) to cool mornings with temperatures in the 50s and sunsets before dinnertime. Autumn is a time when trees shed their leaves and we prepare for the more sinister season of winter. Autumn is also a time to pay special attention to security, with National Preparedness Month (September) and Cybersecurity Awareness Month (October).

National 158
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Credit Providers Can Benefit From Newer Practices, Even in the Face of Uncertainty

Perficient

“It takes time for loans to go bad and the full extent of problems to surface, so I’d predict this is likely to be a 2023 issue.” That’s what Michael Jamesson, a principal at the bank consulting firm Jamesson Associates, told American Banker when asked about the long-term impact Covid-19 economic relief might have on the financial services industry.

Strategy 294
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Accelerate bank transformations with cloud-native cores

Accenture

Core banking systems have sat at the heart of banks’ operations for decades. But with the banking landscape changing faster than ever – thanks to new digital innovations, regulations, and consumer expectations – many of these legacy platforms now struggle to keep pace. The result? Banks are increasingly finding that their existing cores are holding….

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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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Loan Review Challenges: Survey Finds Data, Staffing Among Obstacles

Abrigo

Loan Review Issues Include Getting Necessary Data Loan review requires accurate loan-level information. A survey by Abrigo found this is a common challenge. . You might also like this webinar on creating an effective loan and credit risk review function. WATCH. Takeaway 1 Effective loan review begins with good data, but 37% of survey respondents say getting data is challenging.

Survey 195
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How to improve banking customer experience with right mix of digital tools, personal touch

ATM Marketplace

Even with digital tools, one of the most important parts of any client experience is complementing online offerings with a personal touch. As financial institutions look to enhance their client care approach, there are simple strategies to ensure you are implementing the right mix of tools to improve the customer experience.

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Bank, Credit Unions, and Other Credit Providers Must Get Ready To Prevent Loan Losses

Perficient

The last 18 months surprised the collections industry as it relates to forecasting future losses for respective loan portfolios. Many banks, credit unions, and credit providers were left asking themselves, “when do we expect this to turn?”. In speaking with many industry leaders in the collection space during the pandemic, they stated it was a “blind target they struggled to predict.

Industry 294
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How to integrate M&A into the cloud effectively

Accenture

In Accenture’s recent report, Merging M&A and cloud journeys, we highlight how technology “is a cornerstone of the long-term blueprint for any merger or acquisition.” That’s important to note since in the last year, the financial services industry has witnessed significant activity in M&A. And we expect this to continue. Many organizations are turning to….

How To 300
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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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When In Doubt—Do Nothing?

SWBC's LenderHub

The “Global Supply Chain” has a lot in common with football’s offensive lineman. If you don’t hear an offensive lineman’s name or number come up during a game, that usually means he is doing a good job, or at least he’s not doing a bad job. When you hear his name more than once, it usually means he is having a bad day and losing the game for his team.

Capital 148
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Top 3 Investment Lessons From Your Beloved Pooch

BankBazaar

It’s #WorldAnimalWelfareDay and there’s never been a better time to learn some of the investment lessons that the four-legged furry friend sleeping on your couch is trying to teach you. Yes, we know you’re smitten by your pet dog. But in addition to the umpteen benefits of having a pet, our floofy friends also demonstrate certain habits that are utterly wise and we as humans are sure to benefit from.

Training 148
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Bank Customer Experience Summit closing keynote addresses how banks can succeed in a digital banking world

ATM Marketplace

One major challenge for banks is the rise of digital challengers and neobanks, which have disrupted the banking world and business models. The closing keynote at the Bank Customer Experience Summit addressed how traditional banks can win in this new world.

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Accelerate bank transformations with cloud-native cores

Accenture

Core banking systems have sat at the heart of banks’ operations for decades. But with the banking landscape changing faster than ever – thanks to new digital innovations, regulations, and consumer expectations – many of these legacy platforms now struggle to keep pace. The result? Banks are increasingly finding that their existing cores are holding….

System 221
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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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Market Commentary: Week of October 4, 2021

SWBC's LenderHub

Last Week. It was quite an ugly week for just about everything but oil and bitcoin. Stocks were down sharply, giving their worst monthly performance since March 2020. High-Yield corporate debt showed some signs of weakening as well. It feels like the world is waking up to the real possibilities of stagflation. Energy crises in the United Kingdom and Europe are intensifying with shortages of natural gas and other fuels.

Marketing 148
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BNPL poised to ‘steal growth, elevate customer experience’ from credit cards

BankInovation

Credit cards could lose ground to buy now pay later (BNPL) service providers, which have a promising future with multiple potential growth paths. Those were the key takeaways from a BNPL session at Future of Fintech conference on Wednesday in New York that was presented by market intelligence firm CB Insights. "We believe that buy […].

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2021 ATM and Self-service Software Trends and Analysis

ATM Marketplace

For the 14th consecutive year, ATM Marketplace and KAL ATM Software have partnered to publish the ATM industry's most influential and insightful annual guide, "ATM and Self-service Software Trends and Analysis.

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How intelligent data can benefit auto & equipment lenders

Accenture

I’ve been thinking a lot lately about the power of the massive datasets available today, and how auto and equipment finance companies could make better use of that data. In our latest Technology Vision, I see data as being a critical component of all the trends companies are facing. Digital-twin technologies, for example, are being…. The post How intelligent data can benefit auto & equipment lenders appeared first on Accenture Banking Blog.

Data 221
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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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Why FICO Is a Great Place to Work for Women (and Others!)

FICO

At a time when the lack of diversity in many fields is making headlines, FICO has some great news to share. This year we have received two awards that recognize our focus on making FICO a fair and empowering employer. FICO has been named among America's Best Employers for Women by Forbes magazine in the Software & Services category. In addition, FICO India has been selected as winner in the category of “Excellence in (Women) Diversity and Inclusion” by India’s Bangalore Chambers of Industry an

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Machine learning is key to solving the financial services data conundrum

BankInovation

Financial institutions possess petabytes of data that can provide insights to identify new sources of revenue, attract and retain customers, and reduce risk. Yet according to IDC research, 87% of chief data officers across the financial services industry cite difficulty with data availability, accessibility and quality within their organizations. Coupled with this, end users and […].

Data 98
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NatWest faces £340m fine after admitting ‘money-laundering’ failings

TheGuardian

Bank pleads guilty to failing to properly monitor £365m deposited into account of Bradford jeweller NatWest faces a fine of up to £340m after admitting three counts of failing to properly monitor £365m deposited into the account of a Bradford jeweller. It is the first time a financial institution has faced criminal prosecution under anti-money laundering laws in the UK.

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Q2 2021 US retailer payments commentary

Accenture

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. Customers can interact via chat and screen sharing to see physical products.” – Best Buy “Piloting a new holistic market approach … to leverage all our assets across…. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 221
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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.