Wed.Aug 19, 2020

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Perficient Colleague Transforms No-Kill Animal Shelter with Technology Skills

Perficient

Due to COVID-19, dog shelters need more help than ever before, as more people are looking to adopt and foster pets for companionship as quarantine progresses. One of these shelters is the Hood River Adopt A Dog shelter in Oregon. Kurt Heslop, lead technical consultant, started volunteering at the shelter in April 2018 to spend time with dogs, but it soon evolved to much more than that after joining the Board of Directors in December 2019.

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Open Banking: Measuring success to drive value

Accenture

Open Banking has become a global movement driven by regulatory, customer and ecosystem forces, each shaping the outcomes of a bank’s Open Banking initiatives. In order to deliver these outcomes, realize the full value from Open Banking, as well as keep improving their offerings, banks need to measure and monitor not only the key performance…. The post Open Banking: Measuring success to drive value appeared first on Accenture Banking Blog.

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Apache Sling JVM Performance Comparison

Perficient

With the recent proliferation of Java Virtual Machine (JVM) implementations, it’s difficult to know which implementation is the best for your use case. While proprietary vendors generally prefer Oracle Java , there are several open source options with different approaches and capabilities. Given how the implementations vary in some underlying technical specifics, the “correct” JVM implementation will vary based on the use case.

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AP Automation: The Three ‘P’s’ Of Standing Out In The Crowd

PYMNTS

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. The competition is undoubtedly heating up. According to Comdata ’s Senior Vice President of Product Tad Fordyce , there are several key areas where financial institutions (FIs) can focus to drive the most value for their corporate clients.

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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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Recent MarketPlace Solutions with OneStream XF

Perficient

In addition to releasing version 6.0 and 6.1.1. 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.

More Trending

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5 Ways Your Transaction Monitoring System Can Detect COVID-19 Related Fraud

Abrigo

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Update your spike or anomaly scenarios to detect increases (or decreases) in aggregate transactions. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . Experiencing life during a global pandemic is something most people never thought would happen in their lifetime.

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HomeLight CEO On Residential Real Estate’s Contingency-Free Future

PYMNTS

The U.S. real estate market has spent the summer booming despite an economy hit hard by the pandemic. HomeLight CEO Drew Uher told Karen Webster that home sales have been pushed into high gear by incredibly low mortgage rates and a radical re-centering of people’s housing priorities amid shelter-in-place orders. “We’re basically seeing one of the most robust housing markets that we’ve ever seen,” Uher said.

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5 Ways Your Transaction Monitoring System Can Detect Covid-19 Related Fraud

Abrigo

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Embrace technology to help your department and institution successfully shift to remote work. Experiencing life during a global pandemic is something most people never thought would happen in their lifetime.

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Barclaycard: Why It’s Time To Rethink Everyday B2B Spend

PYMNTS

Consumers are accustomed to using digital payment methods to make retail purchases. They can easily pay using digital wallets, cards-on-file or a wide variety of digital payment options online or in store, and transactions are expected to be fast, seamless and simple. This is a far different experience for everyday business purchases. When individuals pay for work purchases using legacy paper methods, they know they need to pay now, and fill out their expense reports later.

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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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7-Eleven innovates in the style of Starbucks to adapt to the pandemic

Payments Source

7-Eleven’s not a quick serve restaurant chain or an e-commerce marketplace, but it still found substantial use for its app as a way to quickly address the health worries of its consumers.

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The Time Store On The Challenges Involved In Digital SMB Financing

PYMNTS

Securing financing is common for small- to medium-sized businesses ( SMBs ), as 43 percent of these companies applied for fresh capital in 2018, for example. These loans come in various forms through different sources, with some businesses looking to big banks to secure credit while others work with FinTechs or apply for corporate credit cards. Accessing this financing can create headaches for SMBs, however.

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How COVID-19 cratered customer acquisition, profitability

Payments Source

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones.

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Data bias shrouds personalisation in insurance

Bobsguide

The insurance industry continues to face a crisis of trust while attempting to make advances in customer personalisation, according to market participants. “We’ve got a lot of challenges ahead of us in insurance because of personalisation,” said Sam White, chief executive of.

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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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Now is the time to advance women leaders in the payments industry

Payments Source

Unlocking the power of diversity doesn't just happen, it starts with inclusion, so we can benefit from diverse insights that will drive innovation to shape the future of payments, says TD Bank's Angela Conti.

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MPs 'advising' big business undermines democracy. Second jobs should be banned | Zarah Sultana

TheGuardian

Sitting politicians such as Sajid Javid or Jacob Rees-Mogg should serve only the people, not banks or investment funds Sajid Javid – the former chancellor, once a candidate to lead the Conservative Party, and still the member of parliament for Bromsgrove – has been hired as a global advisor to JP Morgan , one of the world’s largest banks. Second jobs of this kind for MPs corrupt our democracy, which is why they should be banned by law.

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Why Amex is buying Kabbage

Payments Source

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

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The rise in mobile banking: Truist Bank, US Bank and Wells Fargo

BankInovation

The torrent of consumers shifting to digital banking channels has driven Truist Bank, US Bank and Wells Fargo to invest in their mobile and online banking capabilities, with new features, educational tools and improved functionality to augment the banks’ offerings. In this ongoing series, Bank Innovation spoke with some of the biggest banks across the […].

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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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Payment innovation is just the trunk of larger tree

Payments Source

Providing core payment capabilities, like debit and credit or P2P, are a business necessity. But you must also have a host of complementary services and capabilities that surround these services, says Fiserv's Himanshu Patel.

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Consumer anxiety grows around financial health

BankInovation

Americans are anxious about their financial health and most are looking to their financial institutions for support, according to a July study from the nonprofit Commonwealth. Fifty-eight percent of respondents said financial institutions should be doing more to address financial insecurity, while 50% expect the government to ramp up its efforts, and 65% believe their […].

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JPMorgan Chase in talks to offer ATM services in post offices: Report

Payments Source

The largest bank in the U.S. is reportedly in negotiations to lease space from the U.S. Postal Service where it would have ATMs and perhaps take deposits.

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5 Reasons Why You Should Get An SBI Credit Card

BankBazaar

Not one, not two. We’ll give you five reasons to get an SBI Credit Card. Let’s see you not wanting to apply for one after reading this. Challenge accepted. . If you’re one of those who needs a solid reason to get a Credit Card, you’re not alone. With Credit Cards abounding in the market, it is only sensible that you’d want to opt for one that makes the most sense to your lifestyle.

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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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Online shopping leads recovery in U.K. consumer spending

Payments Source

U.K. consumer spending jumped the most since 2016 last month, led by a surge in Internet purchases as bars and restaurants continued to suffer.

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CCPA Regulations Go Into Effect – With a Few Final Changes

CFPB Monitor

On August 14, 2020, the California Office of Administrative Law (“OAL”) approved in part and withdrew in part the Regulations regarding the California Consumer Privacy Act (“CCPA”). While most of the changes are non-substantive, the OAL withdrew certain provisions of the Regulations and resubmitted them to the Attorney General’s Office for further review.

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Santander Bank ATMs hit with prepaid card fraud

Payments Source

Dozens of suspects were reportedly arrested for allegedly using prepaid cards to illegally withdraw large sums of cash.

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Banks ramp up child care, home-schooling support for working parents

American Banker

As their employees continue to navigate the challenges of balancing work and home life during a pandemic, banks are pitching in to offer everything from child care reimbursement to nanny placement to tutoring services.

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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.