Tue.May 26, 2020

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Two Perficient Colleagues Recognized in CRN’s 2020 Women of the Channel

Perficient

Perficient is excited to announce that CRN ® , a brand of The Channel Company , has named Lynn Brading , director of Digital Experience Alliances, and Liz Stuart , alliance director for Emerging Solutions, to its esteemed 2020 Women of the Channel list! “We are honored that CRN has recognized these two women as thought leaders in the IT channel, and we commend them for this achievement,” said Jeff Davis , chairman and CEO, Perficient.

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The future of payments post-pandemic (free research report)

Chris Skinner

During this quite period of time, it’s a good time for reflection and I was lucky enough to be commissioned to produce some research on how European FinTech influencers see the future of payments post-pandemic. I’m releasing the report today and here’s the opening summary: When the Covid-19 pandemic hit … The post The future of payments post-pandemic (free research report) appeared first on Chris Skinner's blog.

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Auditing With Spring Data JPA

Perficient

Auditing with Hibernate Envers is a small thing to implement but is the easiest way to audit persistent data in a Spring Boot application. However, Envers is opinionated and may not meet data auditing requirements for your organization, such as audit table schema design or content. Spring Boot applications that require more flexible auditing capabilities can implement auditing using Spring Data JPA.

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Diebold Nixdorf talks the future of self-service banking after COVID-19

Payments Dive

Simon Powley, head of global advisory consultant services with Diebold Nixdorf, addresses how self-service and omnichannel banking will affect financial institutions following the COVID-19 pandemic.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Open Banking—lessons in technology, security and APIs

Accenture

As I mentioned in my last post, the journey to Open Banking has been long and full of challenges for most banks in Europe. One of the main reasons it took so long to define the Regulatory Technical Standards (RTS) is the challenge around technology and the development of the necessary application program interfaces (APIs)…. The post Open Banking—lessons in technology, security and APIs appeared first on Accenture Banking Blog.

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Things worth reading: 27th May 2020

Chris Skinner

Things we’re reading today include … Economy on track for rapid V-shaped recovery, says Bank of England chief economist Lloyds Bank postpones redundancies until October Buy now, pay later pulls in Tencent and Alibaba Dimon says no immediate return of share buybacks New York Stock Exchange reopens two months after … The post Things worth reading: 27th May 2020 appeared first on Chris Skinner's blog.

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PART 2: Data Management Custom Integrations; the Options are Endless

Perficient

Co-authored with Marco Rossodivita. In this second installment of our two-part series, we will discuss the steps for creating a connection from Oracle Financials to an ARCS application using the new Custom connection feature. If you haven’t read part 1, you can access the link here: Oracle Financials and ARCS: A Two-Part Journey into the World of Data Integrations.

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Walmart, Green Dot Announce Enhanced MoneyCard Features

PYMNTS

With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard will now offer accountholders a 2 percent annual percentage yield on money saved with a connected savings account, among other features, per an announcement.

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TIBCO – Exception Handling

Perficient

Exception handling is the process of responding to the occurrence of exceptions.Exceptions are one of the scenarios that all developers are supposed to dealt with. While developing business processes in TIBCO designer , a large number of possible exception types may come across in your way which require you attention. Step 1: Create a Process with HTTP Receiver as Process Starter.

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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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Consumer Foot Traffic Up, But Time Spent In Store Is Shorter, Mall Group CEO Says

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).

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Data-driven planning helps businesses remain agile

Bobsguide

Between storms Dennis, Ciara and Jorge and the global outbreak of the novel Coronavirus, global disruption has sent shockwaves across economies in the first half of 2020. Meanwhile, UK businesses are still scrambling to prepare for the real Brexit coming at the end of the year. This complex and.

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PPP Loan Demand Peters Out Amid SMB Confusion

PYMNTS

First the rush to get in – and then, perhaps, the rush to get out. Since debuting on April 3, the Paycheck Protection Program (PPP) – the U.S. Small Business Administration (SBA’s) initiative to grant SMBs forgiveness loans to pay workers for eight weeks instead of laying people off – has had a rocky time of it. Glitches and delays initially bedeviled the roughly $660 billion program, and it’s had a bumpy ride ever since, as the SBA and U.S.

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Restaurants’ coronavirus tech could stick around post-lockdown

Payments Source

The coronavirus shutdowns have tossed businesses into disarray in numerous ways, most notably the tricky transactions that come with operating a restaurant as a drive-through for the first time.

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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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TIS Notches $20M For B2B Payments Flow Platform Expansion

PYMNTS

To continue its fast international expansion, TIS (Treasury Intelligence Solutions) notched $20 million in additional financing led by Aquiline Technology Growth. The funding round for the corporate payments and cash flow management cloud platform also included participation from 83North, an existing investor, according to an announcement. TIS CEO and Co-Founder Jörg Wiemer said in the announcement, “We are proud to have Aquiline on board alongside our existing investors.

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Latin America's digital transformation can be a global model

Payments Source

Latin America's rapidly expanding fintech sector may prove to be the guiding light as we look to establish a widely accessible digital financial ecosystem.

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Malls See Increase in Foot Traffic, But Less Time Spent In Store

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).

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Online Bank CD Rates Falling to All-Time Lows

BankDeals

The Fed’s zero interest rate policy (ZIRP) is just over two months old, and already we’re seeing online banks cutting their CD rates to all-time lows.

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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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Facebook Canada Starts Aid Program For SMBs

PYMNTS

Facebook Canada has announced a series of initiatives to aid small- to medium-sized businesses (SMBs) during the coronavirus pandemic, including $3.5 million in grants, virtual training classes and new features to help promote SMBs across numerous apps owned by the social media giant, according to a press release. The grants will be available between May 26 and June 2 for Canadian SMBs looking for financial aid.

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When coronavirus closed churches, it opened a door to digital collection plates

Payments Source

Like a lot of operations, such as small businesses, hospitals and suppliers, St. Joseph Episcopal Church in Queens Village, N.Y., found out it was not as “online” as it thought.

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Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

PYMNTS

RMIT Online has unveiled two postgraduate programs as predictions indicate that 18,000 more cybersecurity workers will be needed in Australia by 2026, according to an announcement from the university. The Graduate Certificate in Blockchain-Enabled Business and the Graduate Certificate in Cyber Security will provide students with the skills that they need in emerging areas of expertise, per the report.

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M&T preps for PPP forgiveness with Blend 

BankInovation

Buffalo-based M&T Bank is already preparing for the Paycheck Protection Program loan forgiveness process. The bank, which has $120 billion in assets, is telling small business customers to prepare proof-of-payroll documents and is developing a platform to easily accept the necessary paperwork. “We use our web and mobile application. We use direct communication through email […].

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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.

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Facebook Changes Blockchain Name To Avoid Confusion

PYMNTS

Facebook’s blockchain division, Calibra, will get a new name as a way to distance it from Facebook’s Libra digital currency, according to a Bloomberg report on Tuesday (May 26). . “The blockchain team is building a digital wallet for Facebook’s apps, which will eventually hold the Libra digital currency, but Facebook won’t control the coin,” according to the report.

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Letter from the Bank Innovation Chairman

BankInovation

Dear Community Member, Last year, we inaugurated the Bank Innovation Build conference to bring together industry participants to share best practices and ideas for exceptional banking innovation operations at financial institutions. Well, the world’s predicament has certainly changed since then — but the need for Build has not. Bank Innovation Build is the one event […].

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Millions Tested In Wuhan Amid Fears Of Second COVID Wave

PYMNTS

The Chinese city of Wuhan, ground zero for the global pandemic, has conducted nearly seven million coronavirus tests in 12 days, Bloomberg News reported. . The massive round of testing came after six new cases of the disease were reported in a Wuhan neighborhood earlier this month. These incidents were the first infections since China began to reopen after its 76-day lockdown ended in April, bringing fears of a possible second wave of the illness, the news service reported.

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Market Commentary: Week of May 25, 2020

SWBC's LenderHub

What happened: The week started with euphoria that the drug-maker Moderna was making great progress on a COVID-19 vaccine. Stocks, oil, and corporate debt risk surged. Even though the next day brought a bit more sober news about Moderna’s progress, risk assets finished the week strong. Speaking of sober, another 2.4 million applied for initial jobless claims; continuing claims are now at 25 million.

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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.