Sat.Mar 13, 2021 - Fri.Mar 19, 2021

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An Industry in Transition: A Look at How Two Major Events Changed Banking

Jack Henry

To say the financial industry has shifted since the beginning of 2020 is quite an understatement. You’ve seen the headlines. You’ve read the articles, watched the videos, and listened to the podcasts. Banks and credit unions have had to shift into high gear to quickly transition to digital banking – and you’d be hard pressed to find someone in the industry who hasn’t felt this change in some shape or form.

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FATF Updates Grey List: What Does This Mean for Your BSA Program?

Abrigo

The Financial Action Task Force Updated Their List of Countries Under Increased Monitoring The FATF sets the standards for international adherence to BSA/AML programs and highlights deficiencies. . Would you like other articles like this in your inbox? Takeaway 1 Four countries were added to the grey list and are under increased monitoring while one country was removed.

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Strategize Commerce Plays for Winning Revenue Goals

Perficient

Adobe Summit 2021 is fast approaching and promises to offer numerous sessions on products across the Adobe Experience Cloud suite. Perficient is excited to present this year with MonkeySports on its Magento 1 (M1) to Magento 2 (M2) migration process during the session Upgrading to Higher eCommerce Sales and Efficiency. Magento Commerce is a scalable platform built to deliver personalized commerce experiences across every channel, from content management to visual merchandising to cart and checko

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How the streaming boom benefits payment companies

Payments Source

Many consumers pay for this entertainment by credit card, but the prevalence of new streaming services — and other factors such as rewards programs — are starting to influence users' payment habits. ]].

Company 202
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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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Agility is the mother of payments innovation, but legacy is still a sticking point

Bobsguide

For the first time, we’re in a consumer-driven world. We once did our banking with whoever had the nearest branch and we shopped with whoever had the best price or with the local store. Things have changed. Consumers are now in control, driving demand for slicker, more convenient, more.

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Perficient’s Agile Community Serves Colleagues of All Backgrounds

Perficient

When you work at Perficient, you’re never “in it alone.” We pride ourselves on having a collaborative, supportive environment dedicated to fostering both career and personal growth. Perficient’s Agile Community is one of the latest ways colleagues can connect with each other, breaking down walls and collaborating globally in a whole new way.

Community 518
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The Most Influential Women in Payments, 2021

Payments Source

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

Payments 216
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Real-time data key to ESG analytics

Bobsguide

Private organisations do not have the same degree of transparency as their public counterparts, making it more challenging to access environmental, social and governance (ESG) data, says Dan Grandage, head of ESG, private markets & real estate at Aberdeen Standard Investments. “Equities.

Analytics 148
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3 Tips for Effectively Cross-Selling Insurance at Your Financial Institution

SWBC's LenderHub

It is a well-known fact that it is more cost effective to market to your existing account holders than to go after new ones. In fact, according to OutboundEngine , “The success rate of selling to a customer you already have is 60-70%, while the success rate of selling to a new customer is 5-20%.”.

Marketing 148
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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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How Nearshore Software Development Can Still Work in Highly Regulated Industries

Perficient

Nearshore software development empowers companies across all industries to accelerate digital initiatives while reducing cost. Time zone compatibility, real-time communication, availability of skilled teams, and cultural alignment are some of the most cited benefits of working with nearshore partners. However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information an

Software 508
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Payoneer works to raise its profile through SPAC and Mastercard pact

Payments Source

By merging with FTAC Olympus Acquisition Corp. and entering a B2B partnership with Mastercard, Payoneer is grabbing for a bigger share of the spotlight. ]].

Payments 208
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Bitcoin ATMs: Welcome to a new generation of currency

ATM Marketplace

Bitcoin ATMs and digital currency machines are being installed all over the United States and in countries around the globe. ATM marketplace interviewed Bitcoin ATM companies to determine why this cryptocurrency is gaining such popularity and why merchants and ISOs should consider these machines for a profitable future.

ATM 136
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Market Commentary: Week of March 15, 2021

SWBC's LenderHub

Last Week: Prospects for an end to the pandemic by summer—bolstered by the quick rollout of the $1.9 trillion stimulus package (passed into law last week)—had risk assets feeling great despite higher interest rates.

Marketing 144
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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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Hip On HIPAA: Pushing Back to Use Patient Data

Perficient

As we continue our series of posts on making HIPAA work for you, I am going to address a common problem we hear from health care marketers: “My board/boss/CMO/Legal Counsel says we cannot use patient data for marketing communications.”. This is a tough one. Truly, your board of directors and your legal counsel are going to ultimately dictate the amount of risk they are willing to mitigate in regards to using patient data for outbound communications.

Data 493
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Mastercard offering tech and scale to vaccination passport projects

Payments Source

The card brand is working with the International Chamber of Commerce to support authentication to vaccine and test tracking. It may not be an easy task.

Branding 191
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Why contactless technology adoption needs to accelerate

ATM Marketplace

Miroslav Katsarov is CEO of Modeshift, a technology company with the mission to enable small and middle-size transit agencies to provide intelligent transportation services. He shares with ATM Marketplace his thoughts on the importance of contactless payments over cash in regards to public transportation.

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Paytech market updates: TrueLayer, Afterpay and Intuit lead in integrations

Bobsguide

India-based Axis Bank, on March 10, launched Wear ‘N’ Pay, a range of wearable budget-friendly contactless payment devices. The bank partnered with Canada’s Tappy Technologies and France’s Thales to bring customers hands-free payments available exclusively on the Mastercard.

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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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How to Setup the OneStream Excel Add-In and Get Started Using its Features: Part 1

Perficient

One of the most common questions asked for new OneStream users is “How can I setup and use the OneStream Excel Add-In?” This two-part guide will serve as a resource that OneStream users can utilize to quickly install, log in, and benefit from the handy features within the OneStream Excel Add-In. The OneStream Excel Add-In is an Excel COM add-in that can be used for tasks such as entering data, opening Cube Views, and performing ad hoc analysis.

How To 340
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How Wells Fargo and Current keep digital banking novices engaged

Payments Source

Showcasing contactless ATM access and enabling easier use of stimulus funds are among the ways the megabank and digital upstart are tailoring services to customers acquired during the pandemic. ]].

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Cameron lobbied UK government on behalf of Greensill Capital – report

TheGuardian

Former prime minister approached Treasury and Downing Street to gain financial firm access to Covid loans The former prime minister David Cameron reportedly lobbied senior government officials to give Greensill Capital special access to the largest available tranche of emergency Covid loans just months before the lender collapsed. Cameron, who was an adviser and shareholder in Greensill, is said to have contacted former colleagues to try to help the supply chain finance firm tap cheap, 100% gove

Capital 101
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System integration facilitates regulatory compliance and improves P&L, says Finastra

Bobsguide

As the pandemic continues to drive digitalisation across industries, the benefits of adopting an integrated approach are recognised more than ever by risk managers. Whilst digital transformation combats former manual burdens, streamlining processes not only presents a compliance advantage but also.

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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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Innovative: The Business Value of Experience Design (Part 5 of 8)

Perficient

This is the fifth in a series of blog posts sharing the results of our study on the business value of experience design. In this post, we explore the value of innovation: Bringing diverse and fresh ideas and perspectives to help the organization think differently, differentiate and future-proof its investments. Sometimes you need to build a simple web page to let people know that your café is open for business and see what’s on your menu.

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EMV deadline nears for gas stations, but many won't make it

Payments Source

After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance.

Branding 154
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Mark Carney: ‘I didn’t want the Bank of England job. But I was asked to fix something’

TheGuardian

He earned a fortune at Goldman Sachs, but now the banker wants the financial sector to reassess its values and tackle the climate emergency Read an exclusive extract from Carney’s book Mark Carney is no ordinary banker. He is the banker’s banker, the superstar banker, the George Clooney of banking, possibly even the James Bond of banking. The accolades bestowed on him are many: he was named one of the 100 most influential people in the world by Time magazine in 2010, the world’s most trusted Can

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Measuring success in intelligent document processing

BankInovation

Straight through processing (STP) refers to transactions that pass straight through a system from start to finish without any manual intervention. The measure is an important indicator for predicting the long-term value generation of an automation solution. In the long run, the majority of return on investment (ROI) from an automation exercise accrues from reduction […].

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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.