Perficient
JULY 23, 2020
Enjoy this product introduction video, with some of the first views of the Handshake User Interface and introduction to the featureset. Don’t be limited by what you can crawl out of the box. Handshake puts your content at your users’ fingertips. For more information, contact search@perficient.com.
Chris Skinner
JULY 23, 2020
I stumbled across a great article about Brazilian neobanks the other day. Bearing in mind that Nubank is the most successful neobank in the world, with 25 million users at the start of June. As a result, when I saw a great article about banks in Brazil by Contexto, who … The post FinTech challenger and neobanks in Brazil appeared first on Chris Skinner's blog.
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Perficient
JULY 23, 2020
Paul Bjorkstrand is a “Java developer at heart” and was working as such when a former colleague convinced him to come into Perficient for an interview. Knowing that Perficient was an excellent fit for Paul and well-suited for his career path, the former colleague was persistent, and over the course of a year, had continuously encouraged Paul to consider Perficient.
Chris Skinner
JULY 23, 2020
Things we’re reading today include … Ex-Barclays banker’s sexist comments about Amanda Staveley released Ant Group announces plans to list in Shanghai and Hong Kong Banks lose out to capital markets when it comes to credit provision A shift from paper to virtual cash will empower central banks What are … The post Things worth reading: 24th July 2020 appeared first on Chris Skinner's blog.
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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
JULY 23, 2020
I’m intrigued by a recent Harris Poll study initiated by by Change Healthcare. I don’t want to parse the entire but I do want to highlight something Perficient has been talking about for a while in terms of the consumerism trend. Healthcare’s complexity is an outlier compared to the experience provided by many other industries. When I go online, I can buy a surprising number of services with a full understanding of what I’m buying and how much it will cost.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
JULY 23, 2020
Amid the pandemic, the expanding role of the treasury function and the accelerated pace of innovation and technology, treasury officers are facing a new reality. This new landscape is urging them to reassess their risks and enhance their visibility getting prepared for multiple scenarios ensuring.
PYMNTS
JULY 23, 2020
The pandemic has exposed extreme vulnerabilities in today’s economy where six in 10 Americans live paycheck to paycheck. In an interview with PYMNTS, Warren Perlman , chief information officer at global human capital management company Ceridian , said allowing individuals access to their wages in real time — as those wages are earned — could brighten the economic landscape and boost financial wellness considerably.
Payments Source
JULY 23, 2020
In this uncertain environment, companies that are nimble and adaptive are rising to the challenge, finding new ways to navigate the crisis and embracing innovative electronic solutions, says Bank of America's Daniel Stanton.
PYMNTS
JULY 23, 2020
After 15 consecutive weeks of falling, the number of Americans filing new unemployment claims increased last week as new cases of COVID-19 surged. The U.S. Department of Labor (DOL) reported Thursday (July 23) that the number of seasonally adjusted initial jobless claims reached 1,416,000 for the week ending July 18, up 109,000 from the previous week’s revised level.
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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
JULY 23, 2020
Installment payments are gaining mainstream appeal as an alternative to traditional credit products, prompting Affirm to boost its visibility in an increasingly crowded market.
PYMNTS
JULY 23, 2020
Payments company Afterpay , which works in the buy now, pay later ( BNPL ) space, is rolling out a new feature called Pulse to help reward those who make payments on time, a press release says. The release says the new program is meant to incentivize those who make payments on time and “choose to spend responsibly,” praising young people in the millennial and Gen-Z population who have made the choice to use debit cards and pay on time, “yet their responsible decision of spending their own money
Payments Source
JULY 23, 2020
The CEOs of the credit card lenders Discover and Synchrony are urging Congress to come through with another round of government stimulus so that struggling households can continue paying their bills.
PYMNTS
JULY 23, 2020
Flexible in-store payment plans that can help consumers handle both everyday and big-ticket purchases are gaining popularity in the United States, where the pandemic’s economic effects are causing consumers to temper their spending. These buy now, pay later (BNPL) solutions allow customers to pay for goods in installments or delay payments without facing high-interest fees that can lead to debt.
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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.
Bobsguide
JULY 23, 2020
Lawyers representing UK insurers began their oral submissions today as the Financial Conduct Authority’s (FCA’s) High Court test case continued. Representing the insurers, Gavin Kealey QC said the case was “not a question of the insurers escaping liability; it is simply that.
PYMNTS
JULY 23, 2020
Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. The app launched this month for iOS and Android smartphones, rolling out in Brazil, El Salvador, Honduras, Paraguay and Peru, and planned to launch in other countries soon, the report stated. It will allow for constant visibility for receivables available for discounts, payment status and transaction history.
CFPB Monitor
JULY 23, 2020
The CFPB will hold a symposium on the use of cost-benefit analysis in consumer financial protection regulation on July 29, 2020. The event will be webcast on the Bureau’s website. The CFPA requires the Bureau to consider “the potential benefits and costs to consumers and covered persons” of its proposed rules, “including the potential reduction of access by consumers to consumer financial products or services.
PYMNTS
JULY 23, 2020
Many consumers in the United States were confident in their financial stability at the end of 2019, but this came to an abrupt halt by the end of 2020’s first quarter when COVID-19 was declared a pandemic. Businesses closed and millions of consumers found themselves unemployed or lacking the financial stability they once enjoyed. Many began scrimping and saving to survive, with U.S. consumers’ collective expenditure decreasing by $2.7 billion between January and April.
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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.
CFPB Monitor
JULY 23, 2020
On July 30, 2020, the House Financial Services Committee will hold a hearing entitled, “Protecting Consumers During the Pandemic? An Examination of the Consumer Financial Protection Bureau.” The hearing will convene in a “hybrid” format, which allows Committee members to participate remotely or from the hearing room.
PYMNTS
JULY 23, 2020
To hear Abhi Ramesh tell it, he’s in two businesses. First, he’s trying to fight against the excesses of the U.S. food system, which is one that wastes more than 40 percent of all produce either due to excess production or cosmetic imperfections. Second, he’s “rescuing” that excess produce to bring a unique subscription box business model to the masses at an affordable price.
Jack Henry
JULY 23, 2020
It’s almost cliché at this point in the year to reflect on the uncharted territory financial institutions (FIs) and their loan portfolios have navigated through. The bad news: Banks and credit unions know their loan portfolios’ performance is deteriorating. The good news: There are now better ways to manage the response in this market than there were during the Great Recession.
PYMNTS
JULY 23, 2020
Walmart will open up at least six more health clinics in the greater Atlanta area by the end of the year, according to CNBC. There are already four such clinics, with three in Georgia and one in Arkansas. But Walmart is looking to open more, CNBC reported, as it attempts to get into the health market. The retail giant is also looking at opening clinics in the Jacksonville area of Florida, and it will open two clinics in Chicago, which would bring the total number of Walmart clinics to 13.
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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
JULY 23, 2020
The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome.
PYMNTS
JULY 23, 2020
In a sign that the Las Vegas Strip is not near its usual level of operations, Wynn Resorts Ltd. is positioned to put staffers on leave and close select operations on non-weekend days. Footfall in the city is said to be declining following the first wave of casino reopenings last month, with coronavirus cases on the rise, The Las Vegas Review-Journal reported.
Payments Source
JULY 23, 2020
Vending machines for years have been gradually shifting to contactless payments, but coronavirus has sparked changes in the machines’ core technology to enable hygienic use with social distancing.
PYMNTS
JULY 23, 2020
Livestreaming firms are getting ready to roll out in the U.S., with Popshop Live set to rival Glamhive as the early movers in a relatively new format. Popshop Live allows for livestreaming to follow sellers’ schedules while also serving as a marketplace. And in banking, the pandemic has transformed how a sizable share of clients interact with their financial institutions , with one major bank seeing a spike in daily mobile check deposits.
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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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