Perficient

JUNE 10, 2020

During one of my previous projects, we needed to delete approximately 200 accounts that were distributed throughout a large Account dimension. This blog discusses how we solved it. One approach would have been to delete each account one time. Obviously, that wasn’t appealing as it is time-consuming and can be prone to error. Another approach is discussed in OneStream knowledge base article KB0010541 , which provides a method to create an XML file for one or more members.

Knowledge Base 332

Knowledge Base Tools Operations Data 332

Chris Skinner

JUNE 10, 2020

Things we’re reading today include … ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt The Looming Bank Collapse Goldman Sachs employees to start returning to U.S. offices from June 22 Goldman Sachs closes Marcus account to new UK savers Mike Pompeo criticises HSBC for ‘corporate kowtow’ to … The post Things worth reading: 11th June 2020 appeared first on Chris Skinner's blog.

251

251

PYMNTS

JUNE 10, 2020

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).

Policies 253

Policies Data social media Video 253

Abrigo

JUNE 10, 2020

Key Takeaways The recent case where a former top risk officer was fined reminds financial institution executives and BSA professionals of the personal liability tied to implementing and maintaining effective AML programs. The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Adequately staffed and risk-focused AML resources with good documentation are critical.

Resources 195

Resources Regulation Compliance Policies 195

Advertisement

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

Lending

PYMNTS

JUNE 10, 2020

In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. merchants, CNBC has learned. Here’s how it would work: small and medium-sized business (SMB) sellers on the eCommerce website can access Goldman’s Marcus revolving credit up to $1 million at a fixed annual interest rate of between 6.99 percent to 20.99 percent that can be drawn and repaid like a credit card, sources told the network.

New York 179

New York Lending Maine US 179

PYMNTS

JUNE 10, 2020

Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago. In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers reduce credit card disputes.

Retail 150

Retail Technology Innovation Data 150

Payments Source

JUNE 10, 2020

The economic impact of the coronavirus pandemic could lead to the ongoing expansion of workers’ access to early, or earned wages (EWA) through advances and instant payouts, including to new types of users.

Fintech 147

Fintech Payments 147

PYMNTS

JUNE 10, 2020

Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded field. The U.S. government , banks and Big Tech have all jumped into the ring to make financing more available, with the latest pair-up involving Amazon and Goldman Sachs. The two companies are teaming up to offer Amazon sellers up to $1 million in credit lines via Goldman’s Marcus brand.

Lending 150

Lending Apple Online Retail 150

Payments Source

JUNE 10, 2020

The coronavirus dealt a double blow to procurement, cutting off both goods and money. Banks and e-commerce firms are relying on partnerships to tweak payment tools to rescue the market.

Fintech 145

Fintech Tools Marketing Payments 145

Advertisement

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

Report

PYMNTS

JUNE 10, 2020

Motivating a change in consumers or retailers is not always easy work, a reality evidenced by the plodding pace of contactless payments in the U.S. The trouble, Blackhawk Network CEO and President Talbott Roche told Karen Webster in a recent digital discussion, hasn’t been that consumers or merchants have had an adverse reaction to contactless payment methods — so much as they’ve had something of an inertial connection to cards.

Retail 149

Retail Payments Branding Video 149

Bobsguide

JUNE 10, 2020

Fintechs must show that they have a solid business model focused on achieving profitability, not just rapid growth if they are to secure investment, according to venture capitalist firm, Anthemis Group. The coronavirus crisis may have already cost UK fintechs as much as £1.9bn, according to.

Security 142

Security Fintech Groups 142

PYMNTS

JUNE 10, 2020

In one of the signs of where we are and where we are headed in the warp-speed transformation of digital banking, consider the internet meme that poses a multiple-choice question and series of answers. “Who led the digital transformation of your company? A) CEO B) CFO C) COVID-19.”. Nothing spurs a leap to new behavior like a global emergency and for banks there is an urgency to meet the demands of changing consumer expectations while grappling with the limitations of legacy tech infrastructure.

Digital Banking 145

Digital Banking Mobile Security Examples 145

ABA Community Banking

JUNE 10, 2020

The Paycheck Protection Program was the largest economic rescue program in American history. Go behind the scenes with the bankers who delivered the relief. The post ‘We Were Economic First Responders’ appeared first on ABA Banking Journal.

Community Bank 136

Community Bank Community Lending Marketing 136

Advertisement

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.

Lending

PYMNTS

JUNE 10, 2020

When India moved to formally shut its economy down by closing workplaces and other public spots over COVID-19, over 120 million Indians lost their jobs. But one group was hit most critically in that collapse of employment — women, according to The New York Times. The Times noted that a recent United Nations report found that the pandemic runs the risk of setting back decades of gains women have made in the workplace.

social media 144

social media Training New York National 144

Payments Source

JUNE 10, 2020

The ATM industry was already mired in the painful transition away from hardware to digital technology, and now it must try to persuade consumers and merchants that cash isn’t unsafe to handle.

ATM 99

ATM Industry Technology 99

PYMNTS

JUNE 10, 2020

App-based digital challenger banks have been solidifying and expanding customer bases ever since COVID came to town. And while PYMNTS’ latest Provider Ranking of Digital Banking Apps shows consistency at the top, brands are vying for position in the new digital banking boom. The Top 5. Endurance is a word that could describe the latest Provider Ranking of Digital Banking Apps Top Five.

Digital Banking 144

Digital Banking Branding Innovation Fintech 144

Payments Source

JUNE 10, 2020

As innovation proceeds faster than expected, small firms will need to work with larger firms to meet the new demand, sayd DealRockit's David Carmell.

Fintech 118

Fintech Meeting Innovation Payments 118

Advertisement

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.

US

PYMNTS

JUNE 10, 2020

Less than two years after Uber Eats leased kitchens in Paris to restaurateurs so they can prepare food for its online ordering and delivery platform, the San Francisco-based company has called it quits. The Financial Times reported Uber’s “Eats Delivery Hub” has quietly abandoned the initiative as part of its goal to cut costs. “At this point, we don’t have a desire ourselves to own real estate,” Uber Eats Vice President Pierre-Dimitri Gore-Coty told The Times.

Los Angeles 142

Los Angeles San Francisco Chicago Report 142

BankBazaar

JUNE 10, 2020

Mobile applications, commonly known as apps, have completely changed the way we interact with businesses and people. We don’t even realise how much we use them on a daily basis. Here’s a list of the top five apps made in India. The COVID-19 crisis has everyone talking and emphasising on the need for home-grown businesses and self-reliance. Mobile applications, commonly known as apps, have completely changed the way we interact with businesses and people.

Video 97

Video Mobile Regional Knowledge Base 97

PYMNTS

JUNE 10, 2020

Just Eat Takeaway.com agreed on Wednesday (June 10) to buy Grubhub for $7.3 billion in a move that could result in the world’s largest online food delivery firm outside of China, with operations in 25 countries. The companies said in a statement that the merged entity will focus on popular sectors for food delivery, including the United States, United Kingdom, Germany and the Netherlands.

United States 141

United States America Chicago Operations 141

ABA Community Banking

JUNE 10, 2020

In a matter of days, bankers rallied to deliver hundreds of billions of dollars in loans to support Americans' jobs amid the coronavirus pandemic. The stakes: the survival of the small business economy on which every bank and community relies. The post Podcast: All Hands on Deck to Deliver PPP Funds appeared first on ABA Banking Journal.

Community 103

Community Community Bank Lending 103

Advertisement

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.

Compliance

PYMNTS

JUNE 10, 2020

With the COVID-19 pandemic underway, consumer prices fell last month, led by drops in prices for motor vehicle insurance, energy and apparel. These price drops, reported by the U.S. Bureau of Labor Statistics (BLS) are in line with what has been going on all over America. Consumers were not out shopping for clothes, since most retailers were closed.

America 141

America Retail Report Operations 141

Payments Source

JUNE 10, 2020

In a sign of the rapid shift to digital transactions, MoneyGram reported that its digital transactions grew by 100% in May, compared to the same time last year.

Report 92

Report Payments 92

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C. Now a new consortium of retail groups has joined forces to advocate for what it calls “tier 3” retailers and suppliers.

Groups 141

Groups Retail Strategy National 141

Payments Source

JUNE 10, 2020

Mondial Bony has partnered with Credorax to launch the MondialPOS merchant acquiring solution in Italy to address the country’s shift to e-commerce amid coronavirus.

Payments 96

Payments 96

Advertisement

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.

Lending