PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

Innovation 222

Innovation Data System Mobile 222

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. To learn more about how banks can build an effective AI adoption strategy, download the playbook.

How To 245

How To Management Report Strategy 245

PYMNTS

JUNE 3, 2019

In fact, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. percent of those focused on data analytics said they also focused on fraud management solutions in the previous three years, compared to only 60.6 For example, 91.7 Other notable findings include: 79.4

Analytics 150

Analytics Innovation Data Fraud 150

PYMNTS

JULY 15, 2020

65.8%: Portion of debit-centric consumers who want card apps to offer easier account management. 51.5%: Share of credit-centric revolvers who are highly interested in downloading a prototypical “better app.”. 57.9% : Share of credit-centric revolvers who are interested in payment plans for large purchases.

Retail 130

Retail Technology Cards Innovation 130

PYMNTS

SEPTEMBER 29, 2020

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables.

Data 303

Data Innovation Survey Management 303

PYMNTS

JANUARY 27, 2020

The solution uses automated technology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expense managers need to sort through them. To learn more about these and other recent headlines, download the Playbook and read its News and Trends section. About The Playbook.

Management 160

Management Taxes Tools Metro 160

Perficient

JANUARY 4, 2024

The continual evolution of these technologies has empowered businesses to leverage advanced algorithms, predictive modeling, and generative capabilities, driving unprecedented innovation and efficiency. Navigating this landscape is made significantly more manageable with the assistance of a specialized consulting partner well-versed in AI.

America 309

America Data Customer Experience US 309

Abrigo

APRIL 19, 2016

banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

Innovation 191

Innovation Lending Fintech Bitcoin 191

FICO

JUNE 16, 2023

In case you didn’t get a chance to attend this year, here’s a recap of the top customer management experience themes and presentations. For more insights, read the 2023 Trends Report and download the FICO World presentation at the FICO Resource Center.

Trends 52

Trends Management Customer Experience Resources 52

PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. The company assigns a manager to oversee operations at each site as well as food runners if the venue’s staff cannot handle delivery. Working from the Bottom Up.

Mobile 129

Mobile Innovation San Jose Iowa 129

PYMNTS

APRIL 4, 2019

But with new restaurants also come new or expanded digital initiatives – part of the overall trend, documented by PYMNTS research, of QSRs getting smarter about eCommerce and mobile tech, even as restaurant managers and customers often have differing views about which service and payments innovations work best. Mobile Ordering.

Innovation 136

Innovation National Mobile Trends 136

PYMNTS

SEPTEMBER 20, 2018

As a result, there is no industry standard for how to manage inter-business payment flows, and companies are usually forced to expend precious time collectively negotiating just to settle their bills. With spiking investments in digital payment solutions, the B2B sphere appears to finally embrace innovation. We may soon have an answer.

Innovation 124

Innovation Payments blockchain Technology 124

Perficient

NOVEMBER 23, 2020

Lisa Frazier, Head of the Wells Fargo Innovation Group. And, you will need various technologies to help manage it all, not to mention a culture that’s capable of exploiting what the data can offer. Banks need to become more relevant in the moment for a consumer who has a particular problem. Because, in the end, it’s all about the data.

Customer Experience 309

Customer Experience Digital Strategies Data Tools 309

Perficient

AUGUST 19, 2020

of OneStream XF this year, OneStream software continues innovating and enhancing MarketPlace solutions. During the last two months approximately, one new solution, Cloud Administration Tools “CAT”, and three updates: Account Reconciliations “RCM”, Task Manager “UTM” and Tax Provision “TXP” have been released.

Management 322

Management Tools Taxes Software 322

PYMNTS

JANUARY 28, 2020

One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. For more on these and other CU news items, download this month’s Tracker. million members in 2009 to 119.6 million in 2019.

Innovation 155

Innovation St. Louis Fraud United States 155

Abrigo

DECEMBER 17, 2021

DOWNLOAD WHITEPAPER . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . Takeaway 3 Many FIs will price-compare vendors, but neglect to consider potential hidden costs , especially when managing multiple vendors. Start at the Top.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

JANUARY 14, 2020

In fact, PYMNTS research indicates that consumers are not only increasingly comfortable using smartphones as financial management tools, but they seem to regard them as indispensable for this purpose. This is especially the case for younger generations.

Innovation 160

Innovation Payments Millennials Cards 160

Perficient

JANUARY 11, 2021

I do NOT want to be prompted to download yet another app to get this information. Which leads me to what still seems to be a big miss in software product design, development and management today; research-driven product innovation. What customer research warranted Product Owners to drive this crop of apps?

Study 309

Study Innovation Groups Survey 309

CB Insights

MAY 20, 2022

This round drew participation from Coatue Management, Insight Partners, and Tiger Global Management, among others. <span Download the report to learn more.</p> Download the report to learn more. Xendit competitors are DOKU, G-Xchange, PayMongo, Voyager Innovations, and Xfers. hbspt.forms.create({.

Innovation 57

Innovation Regional Fintech Payments 57

PYMNTS

DECEMBER 15, 2020

Firms that utilize a high degree of automation for managing AR processes enjoy shorter DSO as they do not have to struggle with the challenges associated with manually managing AR processes. To learn how new technologies can help firms prepare for the ever-changing payments land­scape, download the report.

Study 277

Study Payments Maine Technology 277

Chris Skinner

APRIL 30, 2018

Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

Report 280

Report Millennials Management Digital Banking 280

FICO

JANUARY 12, 2022

I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. At the heart of any fraud management operation is the question: What fraud detection technologies and techniques will best work for the business?

Fraud 52

Fraud Technology Management Trends 52

PYMNTS

APRIL 24, 2020

COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home. However, CUs are not the only financial institutions (FIs) looking to offer digital banking innovations to their members. percent and 72.5

Data 187

Data Innovation Digital Banking Meeting 187

PYMNTS

FEBRUARY 20, 2020

Yet, what if these companies extended their presence into banking by offering accounts that improved the way consumers use and manage their credit cards and debit accounts? For the Building A Better App: Banks And The Innovation Imperative Report , a collaboration with Ondot , PYMNTS surveyed more than 3,000 U.S. In fact, 24.3

Cards 146

Cards Data Management Mobile 146

Perficient

DECEMBER 14, 2020

Serverless functions eliminate the need for server software and hardware management, allowing developers to focus on optimizing application code. In order to capitalize on projected increases, marketplaces will have to expand offerings, standardize contracts and billing terms, and simplify multi-vendor management.

Technology 348

Technology Trends Software Resources 348

Perficient

AUGUST 14, 2020

When Teams is combined with the Power Platform and is used in this way with a partnership between the business and IT, it can provide a platform of business technology innovation. Teams Advisor – This is a built in planner with tasks and plans including progress tracking designed to help you leverage Teams and Planner to manage your rollout.

Resources 360

Resources Tools Innovation Community 360

Bank Innovation

MAY 23, 2019

Payday advance app Earnin, which has been downloaded more than 11 million times according to Aptopia data, is on track to become a personal finance platform. It's building out its feature set through in-app bill management features that let users know when bills are due, negotiating with bill payees and offering cash back rewards.

Data 186

Data Management Groups Lending 186

PYMNTS

NOVEMBER 20, 2020

Seventy percent of consumers now wish to order digitally for delivery, according to a study , while 57 percent say they have downloaded delivery apps to do so. For more on these and other order to eat news items, download this month’s Tracker. How Chipotle Is Weathering the Pandemic With Localized Digital Ordering, Loyalty Programs.

Mobile 210

Mobile Regional Study Survey 210

PYMNTS

APRIL 27, 2020

They expect mobile integration, rewards, spend management tools — and perhaps most importantly, they expect card transactions to feel instant and seamless, regardless of the platform or marketplace on which they occur. To learn more about how technological innovation is transforming credit card products and services, download the report.

Cards 226

Cards Fintech United States Case Study 226

Perficient

OCTOBER 20, 2020

Investing in advanced supply chain automation and intelligent order management (OM) systems will not only improve how your organization fulfills against extreme demand but also serves your consumers more effectively in the end. The Business Impact of Outdated, Manual Systems.

System 324

System How To Customer Experience Meeting 324

PYMNTS

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. A PYMNTS survey of 3,000 U.S. The results?

Survey 183

Survey Cards Millennials ATM 183

Celent Banking

MARCH 31, 2015

Last week was busy for Celent: on Monday we hosted our annual Innovation and Insight Day at Carnegie Hall (more on that later). The Banking Team recognized nineteen model banks across five categories: Digital; Omnichannel; Legacy and Ecosystem Transformation; Innovation and Emerging Technologies; and Payments.

Innovation 100

Innovation social media Conference US 100

PYMNTS

SEPTEMBER 28, 2020

Now, users can download the bank’s mobile app to establish personal bank accounts in as little as three minutes, according to the report. Morgan Chase and Morgan Stanley are managing the Hong Kong sale. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. Citigroup , J.P.

Groups 272

Groups Fintech Mobile Report 272

PYMNTS

JULY 14, 2020

Convincing consumers to designate precious space on their mobile phones to download yet another app can be a tough sell these days. percent would be very or extremely interested in downloading a prototypical “better app,” as would 51.5 There is an important underlying dimension to these findings, however. Among the former group, 46.3

Cards 197

Cards Mobile Groups Survey 197

PYMNTS

JULY 15, 2020

We have watched as they improvised new ways to manage the financial challenges posed by the pandemic and listened as they explained their plans for the future. Main Street SMBs’ drive to survive the pandemic is powering a wave of merchant innovation. Our research found that 48.1 percent have done so to improve their cash flow.

Maine 207

Maine Report Innovation Survey 207