Sat.Mar 06, 2021 - Fri.Mar 12, 2021

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Restructure to Survive: How to Turn Around the Weakest Banks

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. It’s time to turn to the situation facing banks in the third of our three segments – Restructure to Survive. As the name suggests, they are in the least enviable position to emerge post-pandemic as viable businesses. Adapt….

How To 231
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ATMs, Credit Unions: Collaboration Breeds Innovation

ATM Marketplace

Branch transformation, customer experience and avoiding fraud concerns not only banks, but credit unions as well. Andrew Ryan, vice president, FI dealer channel, Hyosung America and Terry Pierce, director, product management, Co-Op Financial Services share insight on ATMs, credit unions and the future for both

ATM 134
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COVID-19 Turns One: Lessons Learned From a Global Health Crisis

ABA Community Banking

The banking industry can be proud of how it stepped up—virtually overnight—to keep society moving in the face of perilous uncertainty. The post COVID-19 Turns One: Lessons Learned from a Global Health Crisis appeared first on ABA Banking Journal.

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Why Commerce Should be the Key to Your Digital Transformation

Perficient

The customer is your business’ number one priority because they are your main source of revenue and drive you to the next step in your success. Customer expectations are frequently changing and more customers are relying on digital processes for their commerce efforts due to their fluidity. Businesses must digitally transform to keep up with how customers and interactions are most beneficial to them.

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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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Digital and sustainable: The twin transformation you’re ignoring

Accenture

The days of sustainability being a “nice to have” are over. Sustainability is now demanded by customers (and increasingly, governments), not just for the environment, but for overall societal good. With COVID-19 putting digital transformations on hyperdrive, it’s important to understand that digital transformation and sustainability have a symbiotic relationship.

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Managing the financial close: Traditional challenges and challenging tradition

Bobsguide

Even without being acquainted with the craft of accountants, many have picked up stories about the gravity of the financial close. A nerve-racking event which takes place every year-end and originates numerous anecdotes and memes. What is financial close? The financial close is a crucial.

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Why You Should Include Success Measurement Metrics and Systems in UX Design

Perficient

A functional, seamless user experience is critical for businesses operating in digital spaces. Applying this concept to website design plays an important role in whether the website’s visitors can accomplish what they came for. An iterative design methodology is a great framework to introduce refined designs continuously, and although those designs may look great, how do you know if the design has improved the experience for your users and is making a positive impact on your goals?

UX 520
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Q4 2020: US credit card issuer snapshot

Accenture

Key themes Purchase volume continued to show signs of recovery as all issuers reported QoQ growth in spend and some had YoY growth; Alliance Data posted the strongest QoQ growth of ~25%, likely as a result of easing retail lockdown restrictions. Receivables growth was modest over last quarter but still down significantly YoY; many issuers…. The post Q4 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.

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Artificial intelligence is that rare tech buy that gets better with time

Payments Source

Unlike most IT investments that become obsolete in a few years, AI's ability to "learn" makes it increasingly more valuable, says Silent Eight's John O'Neill.

System 194
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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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Legendary Cricketing Shots That Can Up Your Credit Score Game

BankBazaar

As the Cricket fever sets in, we’ve designed the ideal game plan to ramp up your Credit Score! Curious? Read on! Cricket season is back, and the fun doesn’t stop at just the game – turns out you can really learn some neat lessons about maintaining your Credit Score through this beautiful game. Wondering how? Well, read on to find. Every legendary batsman has a trademark shot that we remember him by, and here are a few shots that you can take inspiration from when it comes to your Cre

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[Podcast] WISW Episode 5: What if You Could Deliver Anything as Soon as it Was Valuable?

Perficient

Listen Now! In Episode 5 of the What If? So What? podcast , we interview Jeff Small, Director of Mobile Product Strategy at Perficient about the evolution of digital product management and how organizations can think about digital products as a transformational strategy. Click The Player To Listen to Episode 5 Now. Subscribe and Don’t Miss an Episode.

Strategy 493
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Getting the Foundations of Your Cloud Platform Right

Accenture

In my previous blog post in this series on the journey to cloud, I examined how to lay the organisational foundations for cloud by implementing the right operating model. In this latest instalment, I move on to the key step of architecting the cloud platform. It is imperative that you get the cloud platform right, as…. The post Getting the Foundations of Your Cloud Platform Right appeared first on Accenture Banking Blog.

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Arizona group aims to jump-start European-style open banking in U.S.

Payments Source

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.

Arizona 179
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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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Whole Lotta Shakin’ Going On!

SWBC's LenderHub

The past two weeks have tested the edifice of what the super-popular Cathie Woods ARK ETF (AARK) describes as, “Companies relevant to the theme of disruptive innovation.” Not too surprisingly to us, the disrupters have failed miserably, so far.

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Perficient Listed in Forrester Now Tech: Application Modernization and Migration Services Report

Perficient

Enterprises have been modernizing and migrating applications from on-premise, legacy systems to the cloud for years. But it’s not always easy. Legacy technologies usually mean legacy knowledge and custom-built processes, databases, and solutions that easily break and lead to unnecessary downtime. Moving these legacy applications to the cloud requires adequate planning and a service provider that can meet your business needs.

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Rethinking ATM infrastructure

ATM Marketplace

Mark Aldred, head of international sales for Auriga, shares his insight and thoughts on ways the ATM industry should be considering in order to move forward in a post-pandemic future.

ATM 124
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Why 'romance fraud' became big money in 2020

Payments Source

Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic.

Fraud 174
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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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3 Reasons Why 2021 Should Be a Great Year for Factors

Jack Henry

When the COVID-19 pandemic blindsided the world last year, the vitality of cash flow for all US companies was suddenly called into question. While the Paycheck Protection Program (PPP), now in its second round, is being offered by the government through the end of March to help smaller businesses, these funds will only temporarily fill the payroll gap.

US 113
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Hip On HIPAA: How Do We Deliver Better Front-End Experiences

Perficient

The other day a question came up on what extra due diligence do we need to do as we adhere to HIPAA compliance requirements. My first thought was that, of course, we do comply by embracing that extra due diligence in everything we deliver. But of course, the devil is in the details. Those details get a little thorny when you create a good experience without crossing the line and sharing any information.

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â??Right timeâ?? for CBDC to be considered, says BoE senior manager

Bobsguide

The Bank of England (BoE) reiterated its ambition to introduce a Central Bank Digital Currency (CBDC) to improve the payment landscape’s resilience, at an Association of Corporate Treasurers (ACT) conference last month. “There's been a gradual privatisation in recent years and.

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How e-commerce raised the stakes for online fraud

Payments Source

David Heun, associate editor of PaymentsSource, talks to Sara Hafner, head of financial partnerships at Forter, about how the growth of online shopping has raised the stakes for fraud prevention.

Fraud 165
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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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Market Commentary: Week of March 8, 2021

SWBC's LenderHub

Last Week: The selloff in treasury rates resumed in force last week with the 10-year Treasury touching 1.60% again. The main drivers were a virtual speech by Federal Reserve Chairman Powell where he showed a lack of concern over near-future corrosive inflation possibilities and the rate rise we are currently witnessing.

Marketing 103
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Rev up Your Digital Game in the Automotive Industry for a Post-COVID-19 World

Perficient

Covid-19 transformed customer expectations and forced businesses to pivot and renovate their digital landscapes. The goal: offer customers a smooth digital experience. According to Forbes and Twilio : Covid-19 sped up digital transformations by six years. 97% of executives say the pandemic sped up their digital transformation. 95% of executives say they’re looking for new ways to engage customers. 79% of executives say Covid-19 increased budgets for digital transformation.

Industry 383
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Major UK pension funds worth nearly £900bn commit to net zero

TheGuardian

Church of England, Lloyds and the National Grid among those pledging to meet 2050 target Major pension funds that own assets worth £870bn, including those of the Church of England, Lloyds Banking Group and the National Grid, have committed to cutting the carbon emissions of their portfolios to net zero by 2050 or earlier, in another sign of big investors’ increasing focus on the climate crisis.

New York 111
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Durbin amendment author says card brands are trying to 'get even'

Payments Source

Sen. Dick Durbin, D-Ill., went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures.

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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.