Sat.Mar 20, 2021 - Fri.Mar 26, 2021

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Contra Accounts 101

Jack Henry

No, this has nothing to do with the Iran-Contra affair. Now that I have thoroughly dated myself, let’s get into contra accounts. What is a contra, and what do I need to know? I’m glad you asked.

Lending 103
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Combatting Friendly Fraud Amid COVID-19

Banking Exchange

Payment disputes related to friendly fraud are expected to soar this holiday season due to the pandemic-fueled surge in e-commerce Risk Management Cyberfraud/ID Theft Consumer Compliance Operational Risk Security Online Payments Feature Feature3.

Fraud 78
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Digital Payments are Here to Stay

ATM Marketplace

Ruston Miles, founder and advisor of Bluefin Payment Systems takes a long look at how the coronavirus pandemic affected the payments industry and how that changes the future. This will be the first article in ATM Marketplace's series, COVID-19: A look back at a year of change

Payments 113
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How to control sensitive data on unmanaged devices with MCAS (Part 2 of 2)

Perficient

Welcome back! Last time we talked about controlling file downloads of sensitive content by using a session policy in MCAS. This time we’ll take things a step further and show you how to restrict specific activities like cut/copy, paste, and printing! If you are joining us for the first time, I encourage you to check out the first blog for a quick rundown of our scenario.

How To 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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Once-in-a-generation chance for banks in payments

Accenture

Payments is a hot topic for middle market banks. In fact, I think payments modernization is the most consequential transformation that they’ll make this decade. With the shadow of an aging payments infrastructure looming large, banks can’t stay on the sidelines. This is an existential issue. Banks that don’t act put their future at risk.…. The post Once-in-a-generation chance for banks in payments appeared first on Accenture Banking Blog.

Payments 493

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What Money Scripts Reveal About Your Finances

BankBazaar

Sometimes, no matter how hard you try, your relationship with money refuses to improve. The answer could lie in your money scripts. Not sure what they are? Read on. Every New Year brings with it the promise of boundless possibilities to turn our lives around. In the run-up to the New Year, we all may have made an effort to spend some quiet time by ourselves, pausing and reflecting on the year gone by and filing notes about what aspects of our lives we may want to improve in the coming year.

Kansas 174
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Unveiling the New Perficient People Promise

Perficient

After a year unlike anyone ever anticipated, I sat down with Perficient’s Vice President of People Andrea Lampert , to learn more about the inspiration behind the work Perficient recently invested in refining our People Promise, a meaningful and aspirational statement that captures the essence of who we are and who we aspire to be. Andrea, thank you for the time today.

Community 520
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Square's bank will push retail financial services deeper into mobile

Payments Source

In-person branch use will continue, but retail banks should nonetheless double down on building intuitive, easy-to-use mobile experiences that drive customer satisfaction and brand loyalty ]].

Retail 168
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Compass Plus and Unibank feature in 2020 bobsguide awards win

Bobsguide

A flexible, collaborative and adaptable approach to partnership was behind the success of 2020 bobsguide Best Retail Banking System Implementation award winners Compass Plus and Unibank. Unibank, one of the largest, most innovative and successful retail banks in Azerbaijan, originally teamed up.

Retail 155
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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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Two Executive Views of Digital Transformation, and Why They Both Matter

Gonzobanker

A new customer digital experience that doesn’t deliver long-term results won’t matter in the long run. “Gentlemen, you can’t fight in here. This is the war room.” —President Merkin Muffley, Dr. Strangelove. Events in the last year have pushed the conversation about digital transformation to a new level of focus for senior executives at financial institutions.

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How to control sensitive data on unmanaged devices with MCAS

Perficient

In this day and age, protecting your organization’s sensitive data has started to become exceedingly difficult. Where remote work has become the new norm, you will likely see many end-users using their own unmanaged devices to access corporate information. With this comes the risk of unmanaged devices sending/sharing sensitive information without the ability to control or monitor these types of activity.

Data 520
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Banks don't have to be left out of decentralized finance

Payments Source

Decentralized finance, in tandem with financial institutions, could create a more efficient, convenient, wider-reaching, and more secure experience than traditional finance alone, says FISPAN's Clayton Weir. ]].

Security 165
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The Hoodoo Man Strikes Again

SWBC's LenderHub

But I hold up my hand, I'm just trying make you understand, Lord, you know, everybody tells Lil' Junior "Somebody hoodooed the hoodoo man." – Junior Wells “The Hoodoo Man Blues”.

Capital 147
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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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The Top Community Banks and Credit Unions of 2020

Banking Exchange

S&P Global Market Intelligence analyzed more than 4,000 banks and credit unions to name the top performers Community Banking Feature3 Feature Bank Performance The Economy Financial Trends Retail Banking.

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10 Takeaways From Our “Transforming Debt Collections and Recovery Functions” Podcast

Perficient

Scott Albahary, Perficient’s financial services chief strategist, and I recently spoke with the Western Bankers Association about using empathy and personalization strategies to improve debt collection and recoveries. If you get a chance, listen to the short episode. But, if you can’t, here are the key points Scott and I make: Banks responded generously to support their customers’ debt hardship needs through the pandemic, but programs are ending.

Tools 493
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What Sengupta's departure means for Google's payments business

Payments Source

Google will have to bring new leadership to initiatives like financial inclusion and its operations in India now that Caesar Sengupta, vice president and general manager of payments, has announced he will leave the company. ]].

Google 165
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Market Commentary: Week of March 22, 2021

SWBC's LenderHub

Last Week: Rate traders’ disappointment with the Fed dominated the week. On Wednesday, the FOMC statement and Chairman Powell’s press conference drove home two points. The first is that the Fed considers inflationary pressures on the horizon as the economy opens up and recovers from the pandemic to be transitory.

Marketing 147
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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 Financial Services Companies Can Become Responsible Stewards of AI

Banking Exchange

Rapid advances in technology, mobile phone penetration, new players and massive investments in technology are transforming the financial services industry Technology Feature3 Feature Fintech Financial Trends.

Company 120
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Mobile vs. Desktop Usage In 2020

Perficient

This study is a comprehensive review of mobile versus desktop usage on the web. In this year’s study, we compare 2019 and 2020 traffic patterns in the U.S. and globally. We also include tablet usage stats. The data in this study was pulled from Google Analytics’ Benchmarking feature , which provides aggregated industry data from companies who share their data.

Mobile 421
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NFTs and payments: A frontier with lots of promise—and risk

Payments Source

Non-fungible tokens are taking the digital world by storm. They could displace traditional payment rails, but they could also be a handy tool for cybercrooks. ]].

Payments 163
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David Cameron texted Rishi Sunak to get Covid loans for Greensill, says report

TheGuardian

Former prime minister said to have sent multiple messages to chancellor to access funds for doomed lender New questions are being raised over David Cameron’s attempts to lobby government on behalf of doomed lender Greensill Capital, after he reportedly contacted the chancellor’s private phone in hopes of securing special access to hundreds of thousands of pounds of emergency Covid loans.

Report 130
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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 embedded finance is this year’s most important banking trend

Banking Exchange

Embedded finance isn’t only going to change the way people bank. It’s going to create new opportunities for bank leaders to join in the transformation Payments Technology Lines of Business Financial Trends Feature Feature3 Fintech.

Trends 117
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How to customize and validate the Json message for grant type access token in Apigee

Perficient

Overview. This use case describes how to customize and validates JSON message for GrantType client credential – AccessToken. What is GrantType client credential? Client POST’s an API call to Apigee with client ID and client secret to fetch the access token from the registered developer application. In addition, query parameter grant_type=client_credentials must be passed in the request.

How To 332
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How fraudsters keep riding the digital wave

Payments Source

Michael Moeser, senior analyst at PaymentsSource, talks to Shai Cohen, senior vice president of global fraud solutions at TransUnion, about the rapid evolution of fraud in the digital era. ]].

Fraud 149
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Fixed income traders lean on automation

Bobsguide

The average daily volume for fixed income electronic trading reached a new record of $10.6bn in January surpassing the previously set record of $10.3bn in May last year, according to a report by Greenwich Associates, as trading houses rely increasingly on automation. “A big impact is the.

Report 97
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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.