Mon.Aug 31, 2020

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An Opportunity to Get Your Clinical One Questions Answered

Perficient

Through our upcoming fireside chat with Perficient’s Mike Grossman, GM, Life Sciences, and Oracle’s Jim Streeter, Global VP, Life Sciences Product Strategy , we are really aiming to clarify some fundamental questions relating to Oracle’s Clinical One and what this platform approach could mean for our clients. . They are going to get right back to the basics of why it is beneficial to invest time and money implementing a unified platform rather than continuing to upgrade individual

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Here is the Biggest Problem Banks Face with PPP Forgiveness Processing

South State Correspondent

There is no surprise that you can only do so much when it comes to educating PPP borrowers. We have produced a comprehensive website, executed a detailed email campaign, conducted a series of webinars, produced videos, have a Getting Started Guide, and distributed a checklist - still, borrowers remain deficient in completing their application accurately.

Video 459
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Who is Coming After Gen Z and What Will They Expect from a Customer Experience?

Perficient

The spending power of Generation Z is predicted to outmatch all the generations before it but it’s never too early to start understanding and planning for capabilities that will be expected from the generation coming next. But who are they? What will they expect from an experience given how they grew up under the influence of Millennials (their parents)?

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Cloud Banking Next Step In FI Modernization

PYMNTS

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024. The FI’s Guide to Modernizing Digital Payments , done in collaboration with Red Hat , details developments in real-time payments, providing insights and direction for F

Payments 338
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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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Driving Contact Center Innovation in Uncertain Times

Perficient

Times of upheaval like this brings constant challenges that often have to be dealt with in a timely fashion. It’s also a great time to think about innovation. You are probably seeing the pain points for both your contact center and your customers more clearly than ever. You can find plenty of blogs and articles discussing all the ways COVID has caused disruption in the customer engagement space: long waits, remote agents, overwhelmed capacity, and on-premise limitations to name a few.

More Trending

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Your Guide to Healthcare Journey Maps

Perficient

Healthcare is complex. Quality has improved dramatically in recent decades, with breakthrough procedures and medications saving lives and providing better quality of life. But navigating the health system is more complicated than ever. Healthcare is also undergoing a retail revolution – with places like Amazon, CVS, Walgreens and others disrupting how patients receive care.

Exercises 332
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Delta, American Join United In Eliminating Change Fees In US

PYMNTS

Delta Air Lines and American Airlines , looking to draw customers back during the pandemic, are dropping change fees for domestic flights, CNBC reported Monday (Aug. 31). The move comes after rival United Airlines did the same thing Sunday (Aug. 30), getting rid of its $200 fee to change tickets for domestic flights. Delta, which is based in Atlanta, made the elimination of the change fees effective immediately, and included all tickets for the U.S., Puerto Rico and the U.S.

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Q2 2020: US credit card issuer snapshot

Accenture

Key themes The spending effects of the pandemic were fully felt in Q2 as most issuers report large declines in purchase volume between 15-30%, and receivables decline between 3-17% YoY. Alliance Data and American Express, in particular, experienced a 30%+ decline in spend YoY, driven by the headwinds of store-based retail (ADS) and T&E sectors….

US 221
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Reliance Retail Fires Shot Against Amazon In Battle For India

PYMNTS

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Reliance , which is already referred to as the “Amazon of India,” owns and operates more than 10,000 stores across categories including supermarkets, consumer electronics, apparel and other various segments, and also owns several eCommerce sit

Retail 263
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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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What The Election Means For Credit

South State Correspondent

It is around this time before a presidential election that bankers start to ponder how the results of the election will affect credit, interest rates, and the general business environment. The stock and the acceptable answer is that presidents get too much credit when the economy does well and too much blame when it slumps. The complex and intertwined US capitalist economy goes through boom-and-bust cycles independent of any president’s actions.

US 195
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Flipkart Rolls Out B2B Marketplace

PYMNTS

Flipkart has rolled out its Flipkart Wholesale operations, which serves as a B2B marketplace for small businesses and shops. The offering is now available to customers in Bengaluru, Gurugram and Delhi, Financial Express reported. The app is available for those who have Android devices to have merchandise sent to their stores as it stands. “Change the way you buy bulk products for your business with Flipkart Wholesale’s efficient technology and logistics,” Flipkart Wholesale said on its website.

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5 Work-From-Home Essentials

BankBazaar

It may be a while before we return to our offices in full team strength. Here are 5 essentials that can help you with your WFH setup at home. . With the pandemic being far from over, it’s unlikely that we will return to our offices in full team strength anytime soon. For many of us, the WFH transition came not without its share of challenges – those living in PGs or rented accommodation might find it super hard to identify a dedicated space for a WFH setup.

Cards 148
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Dignari Capital Gives $50M To Sheng Ye Capital For SCF Innovation

PYMNTS

Dignari Capital has agreed to provide $50 million to Sheng Ye (SY) Capital in a strategic collaboration to explore new supply chain finance options for small- to medium-sized businesses (SMBs), according to a press release. The company's services include collaborations with blue-chip enterprises in the fields of infrastructure, energy and medical business, all of which are more resilient to economic cycles.

Capital 237
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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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Colombia using instant payments to drive financial inclusion amid the pandemic

Payments Source

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

Payments 157
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Sally Beauty Unveils Credit Cards With Rewards For Cardholders

PYMNTS

In a move that provides customers with more ways to receive rewards, Sally Beauty Supply and Cosmo Prof unveiled their inaugural credit card program. The Sally Beauty Rewards Credit Card application is open to all, and the Cosmo Prof Rewards Credit Card is meant for those working in the beauty space, according to an announcement from Sally Beauty Holdings, Inc.

Cards 220
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Rebeca Romero Rainey: Cornerstones of the community

Independent Banker

“As the cornerstones of the community, community bankers offer a light in the darkness of hard times.”. September traditionally acts as “back to school” month, where, after the slower-paced dog days of summer, we settle back into our normal routines. The same holds true this year, though the image of what constitutes normal in 2020 looks incredibly different than it has previously.

Community 119
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OfferUp Integrates With letgo, Combines Marketplace Apps

PYMNTS

Recommerce marketplace OfferUp has integrated with similar app letgo and will combine its app with the letgo app for a new marketplace promising an increased amount of deals and more access to buyers and sellers, according to a press release emailed to PYMNTS. Combining apps also means that all users have access to shipping companies like TruYou and Community MeetUp Spots.

America 218
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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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Chase launches its first Mastercard-branded consumer credit card in 5 years

Payments Source

Visa and JPMorgan Chase & Co. are in the middle of a 10-year merchant services agreement that gives Chase merchants certain advantages with the expected goal of favoring Visa card volume. But it’s not an exclusive arrangement.

Cards 130
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QuadPay Partners With Vyze To Offer BNPL Options

PYMNTS

QuadPay , which works in buy now, pay later (BNPL) services, has partnered with Mastercard Vyze , an alternative financing platform, to offer a new installment-based payment system, according to a press release. Vyze uses an end-to-end technology platform that can work with businesses and lenders to offer more variety in payment methods. The press release stated that many national and regional retailers, including in the fields of home improvement, electronics and fitness, use the service.

Regional 217
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PayPal 'Pay in 4' takes direct shot at buy now, pay later rivals

Payments Source

Responding to rivals' success in the “buy now-pay later” (BNPL) segment, PayPal launched a short-term installment lending product called “Pay in 4” to expand its Pay Later product suite.

Lending 123
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Bitcoin Daily: Bank Of Korea Seeks Partner For CBDC Program

PYMNTS

The Bank of Korea (BOK) is speeding up its efforts to create a central bank digital currency (CBDC) experimental program, The Korea Times reported. BOK reportedly intends to release more information on a consulting collaboration with a local firm. A possible partner will assist the central bank in making a CBDC system framework based on the results from the first stage's research results.

Bitcoin 188
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Merchants combining 'local' and 'global' can best adjust to rapid digitization

Payments Source

The retailers seeing exponential growth are the ones who have tailored and localized their payments offering to a global audience, says PPRO's Steve Villegas.

Retail 121
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Treasury Departments' Data Strategy For Future-Proofing The Enterprise

PYMNTS

Corporate treasurers have their work cut out for them like never before. In addition to steering their organizations through the murky and rocky waters of an economic downturn, treasury departments are securing a place at the decision-makers' table to offer higher-level guidance. As companies adjust their business models and prioritize risk mitigation, the corporate treasury offers a valuable, forward-looking view into financial futures.

Strategy 186
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Covid-19 briefing: heterogeneous impacts of the pandemic

BankUnderground

Andrea Šiško The COVID-19 pandemic has rapidly spawned a literature analysing its impact on macroeconomic aggregates. But there’s also been work that seeks to look at heterogeneity of impacts across industries, households and individuals.

Policies 116
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SEC Eyes Probe Of Robinhood's Handling Of March Shutdown

PYMNTS

Robinhood , a FinTech focused on online stock brokerage for those not expertly versed in that subject, has attracted much praise and activity — but with that, a regulatory probe from the U.S. Securities and Exchange Commission (SEC) into alleged poor management of the app, Bloomberg reported. The picture painted is one of "novice investors in over their heads, struggling to understand why they’ve lost money on stock options or had shares liquidated to pay off margin loans," according to grievanc

Apple 181
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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.