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Q: Do investors believe bank digital transformations are succeeding? A: No.

Chris Skinner

Anyone who’s read this blog since 2007 or my books since 2014 will know that I have a regular rallying call: replace core systems; refresh the bank’s technology stack to an open architecture; embrace APIs, apps and analytics; deep dive on data; transform to be digital and not industrial; rethink … The post Q: Do investors believe bank digital (..)

Analytics 381
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Coronavirus Has Shut Down 25 Pct Of US Economy

PYMNTS

The analysis by Moody’s Analytics was done at the request of the WSJ and offers a deep dive into the U.S. Mark Zandi, chief economist at Moody’s Analytics, said it’s not likely the 29 percent drop “will be sustained over two more months.” economy since it shuttered about three weeks ago. This is a natural disaster,” Zandi said.

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The language of rules: textual complexity in banking reforms

BankUnderground

The banking reforms that followed the financial crisis of 2007-08 led to an increase in UK banking regulation from almost 400,000 to over 720,000 words. Figure 1 provides a visualisation of the networks for 2007 and 2017. Figure 1: Network visualisation of the analysed banking regulations in 2007 and 2017.

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SAP Scales ERP Tech For The Mid-Market

PYMNTS

The publication said the latest update enhances existing analytics, CRM, supply chain management , vendor relationship management, financial management and project management tools. The solution is designed to provide Enterprise Resource Planning (ERP) solutions to middle-market firms that are too small for a full-scale ERP system.

Marketing 109
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Consumers Prioritize Mortgage Payments Over Auto

FICO

NicholetteLarsen@fico.com Tue, 03/23/2021 - 22:16 by Tommy Lee Senior Director, Analytics and Scores expand_less Back To Top Fri, 02/10/2023 - 16:00 At the start of the pandemic, unemployment spiked and the CARES Act was passed to support those in financial need to pay their bills, including mortgage and auto loans. and internationally.

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New GDP Report Shows Country Sinking Into Recession

PYMNTS

The recession will be worse than the one we went through from 2007 to 2009,” said Sung Won Sohn, economics and business professor at Loyola Marymount University in Los Angeles. The virus has done a lot of damage to the economy, and there is just so much uncertainty now,” said Mark Zandi, chief economist at Moody’s Analytics.

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Record Retail Spending Expected This Valentine’s Day

PYMNTS

The annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics reports that Americans are going to spend a record amount of money on Valentine’s Day , even though there’s been a general decrease in how many people celebrate the holiday over the years.

Retail 150