Perficient
NOVEMBER 19, 2020
While developing new features in Episerver CMS, it can be incredibly useful to have a local copy of the production content. Here are the steps required for extracting content from Episerver’s DXP platform and restoring it into your local environment for development. Step 1: Request a database backup from the PaaS portal. The first step in the process is the only one you can’t fully control.
PYMNTS
NOVEMBER 19, 2020
Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS. . Alpesh Chokshi, head of business development, Citi Global Consumer Bank, said in a statement on Wednesday (Nov. 18) that today’s consumers seek money management that is like their own lives — a fast-moving “integrated experience.”.
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Perficient
NOVEMBER 19, 2020
Banks should use Covid-19 as an opportunity to assess their end-to-end digital account-opening capabilities. Here are the top 10 questions they should ask themselves: How long does it take to open an account digitally? Seventy-five percent of banks report it takes longer than five minutes to open an account, with close to 30% taking longer than 10 minutes.
PYMNTS
NOVEMBER 19, 2020
Venture capital cash has been flowing this year to companies that plan to buy up sellers on Amazon and help them grow. In particular, such deals have targeted companies in the Fulfillment by Amazon program, in which the eCommerce giant warehouses a company’s products and then takes care of packing, shipping and providing customer service. The latest such deal has Berlin-based SellerX landing 100 million euros ($118 million) of financing, reported Tech.eu.
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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
Perficient
NOVEMBER 19, 2020
On November 11, John O’Rourke, VP of Product Marketing and Communications for Onestream, and Saju Philips, Director at Perficient, hosted a webinar: How to Transform Finance with a Unified Platform for Planning, Reporting and Analytics. The goal of this webinar was to showcase all the efficient and effective ways OneStream’s CPM software can help you manage workflow while modernizing and simplifying the user experience.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
NOVEMBER 19, 2020
MobilePaymentsToday.com interviewed eGain’s Evan Siegel, Vice President of financial services and AI solutions. Discover how AI is improving customer experience and their financial well being.
PYMNTS
NOVEMBER 19, 2020
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments. "What we are seeing is that our current payment mechanisms domestically and internationally have inefficiencies.
Jack Henry
NOVEMBER 19, 2020
There’s little doubt that a robust digital banking platform has become a necessity for credit unions. It’s important for attracting and retaining members now that branches have limited hours and many normal routines of lobby-based banking have been interrupted. But this is more than an interruption. The “good-old days” of lobby-centered banking may be gone forever.
PYMNTS
NOVEMBER 19, 2020
While optimizing B2B payments is often about combating friction at the moment of transaction, the truth is, the B2B payment experience often happens way before any money is ever actually moved. As more seller organizations embrace the B2B eCommerce model, they're quickly coming to realize that for buyers, the B2B payment experience begins right at the moment of onboarding.
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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
Payments Source
NOVEMBER 19, 2020
In addition to monitoring the spike in contactless payments because of the COVID-19 pandemic, Verizon Business has also cited the expected decrease in foot traffic at the largest malls in the U.S. through its mobile data metrics.
PYMNTS
NOVEMBER 19, 2020
PayPal is upping its mobile payments game. PayPal on Thursday (Nov. 19) unveiled a major upgrade to Xoom , enabling customers across the United States to use the mobile payments app to send money straight to the bank account of a family member, friend or another recipient. The move by the payments giant to enhance its digital game comes as the coronavirus pandemic has transformed the typically ordinary process of standing in line at a money transfer store into a potential health hazard.
Payments Source
NOVEMBER 19, 2020
Square Inc., the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA, in a move aimed to expand its operations across European markets, according to a statement by Satispay.
PYMNTS
NOVEMBER 19, 2020
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses.
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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.
Payments Source
NOVEMBER 19, 2020
BNP Paribas SA is considering the sale of its Italian payments unit Axepta SpA, according to people with knowledge of the matter, adding to a spate of deals in the rapidly consolidating sector.
PYMNTS
NOVEMBER 19, 2020
The pandemic has had an impact on digital wallet usage – in other words, up and to the right. Blackhawk Network noted that mobile wallet adoption in the U.S. stood at 38 percent usage among consumers before the pandemic, and as late as this fall it stood at 55 percent. And 88 percent of shoppers surveyed across eight countries use digital wallets. Stats like that are in the news this week as Google Pay, by virtue of a revamp , is on its way to becoming a hyperconnected “super app” – tied to smar
Payments Source
NOVEMBER 19, 2020
Companies like Affirm and Klarna have been a beacon for investors, leading to at least one multibillion-dollar planned IPO in support of a point-of-purchase lending model that could set the stage for use cases well beyond credit.
PYMNTS
NOVEMBER 19, 2020
Global payment processor Payroc announced Wednesday (Nov. 18) in a company press release emailed to PYMNTS that it has acquired Bluestone Payments. Bluestone Payments, founded by Linda Rossetti and launched in 2006, connects merchants in niche markets to payments programs through a referral system. Rossetti will join Payroc as executive vice president of Strategic Initiatives, and she will also continue to serve as Bluestone’s president, the release stated.
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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.
Payments Source
NOVEMBER 19, 2020
E-commerce fraud prevention provider Forter has raised $125 million in a Series E funding round, pushing the New York-based company's valuation to more than $1.3 billion.
PYMNTS
NOVEMBER 19, 2020
Afresh Technologies has raised $13 million in a Series A extension round to expand its fresh food management technology that helps grocers reduce food waste. Afresh said the round was sparked by investor interest due to Afresh’s growing list of customers. The round was led by Food Retail Ventures and joined by existing investors Innovation Endeavors , Maersk Growth , and Baseline Ventures.
Payments Source
NOVEMBER 19, 2020
The Federal Reserve is facing pressure to allow retailers to route PIN-less debit-card purchases over their choice of networks. It’s a new stage in an old battle, fueled by the shift toward online shopping during the pandemic.
PYMNTS
NOVEMBER 19, 2020
With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. Yet, there it is. “The majority of consumers, at 58.4 percent, and microbusinesses, at 70.8 percent, state that most of their non-government payments come through non-instant methods and take more than a day to receive.
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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.
Payments Source
NOVEMBER 19, 2020
Xoom, PayPal’s international remittance unit, has launched a direct money transfer feature for its U.S. customers to send funds domestically to bank accounts and debit cards.
PYMNTS
NOVEMBER 19, 2020
Facebook could soon be staring down a lawsuit as the Federal Trade Commission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports. One source told Reuters that FTC staff has recommended that commissioners sue Facebook in federal court so as to let a group of states led by New York join in the suit.
TheGuardian
NOVEMBER 19, 2020
BLM protests and fresh historical evidence are raising questions over the legacy of the founder of modern Switzerland, Alfred Escher Alfred Escher wielded so much power and influence during his lifetime that he was nicknamed King Alfred I. An immense bronze statue of modern Switzerland’s founding father stands, fittingly, in front of Zurich’s main train station.
PYMNTS
NOVEMBER 19, 2020
Credit unions (CUs) have been riding high in recent years, with one October report finding that global CU membership hit an all-time high of 291 million last year. The space has added 107 million members over the past decade, with 17 million joining just in 2019. This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region.
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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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