article thumbnail

How Real-Time Data Recharges The Monthly Financial Close

PYMNTS

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. Transformation Through Data. For middle-market organizations, the largest barrier to efficient financial close processes remains the struggle to obtain high-quality data. From Data To Intelligence.

Data 219
article thumbnail

The Fiserv-First Data Merger Is Complete

PYMNTS

The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction. He also noted that outside the U.S.,

Data 185
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Financial Technologies SMEs Aren’t Using

PYMNTS

Small businesses in 2017 may not be using marketing technologies to their full potential; according to the CEO of creating marketing agency Project Bionic, Joshua Dirks, small businesses are “missing out” because they don’t take advantage of technologies like social media. small businesses.

article thumbnail

OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

article thumbnail

Pandemic Wake-Up Call Drives Integrated B2B Platforms

PYMNTS

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. While every organization is different, many business leaders came to realize some common pitfalls in their legacy operations that came to light in the midst of the pandemic.

Data 314
article thumbnail

Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Also, DoorDash revealed it was the victim of a data breach in May, and Uber plans to merge its ride-hailing and food delivery applications. Today in the payments news roundup, the U.S.

Data 122
article thumbnail

Report: Data Key To Credit Union Member Retention

PYMNTS

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business.

Data 122