Mon.Oct 26, 2020

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Access Denied episode 1: The wealth effect

American Banker

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism.

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2020 Embrace the Moment Gala for Michigan Council of Women in Technology

Perficient

The Michigan Council of Women in Technology (MCWT) virtually presented the 12 th annual Embrace the Moment – MCWT Digital Signature Gala on Saturday, October 17, 2020. This event empowers female leaders in Michigan who change the world through technology. I had the opportunity to attend this unique event and learn more about the incredible initiatives put forth to help bridge the gap in IT-related occupations held by women in Michigan and across the United States.

Michigan 493
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Banking Marketplace: Making a Wise Pivot

Accenture

This thought leadership piece – and the related blogs that will explore key topics – will outline why, in the post-COVID-19 era, marketplaces will prove a crucial operating area for banks. We will illustrate how some leaders have ventured profitably into this space, and will explain the steps banks can take to create marketplaces of…. The post Banking Marketplace: Making a Wise Pivot appeared first on Accenture Banking Blog.

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If 5G is supposed to be a game-changer, what’s the game?

Perficient

Part of Apple’s iPhone 12 family announcement included a big push around 5G capabilities and the promise of a better life, all because users will be able to do things faster than they did before. Apple (and others) are calling 5G a “game-changer” but is it? And if it is, what exactly is the 5G game and why should you care as a business?

Video 476
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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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Deposit Marketing In the Age of Machine Learning

South State Correspondent

In the olden days, if you wanted to market deposits, the head of Retail would come to Marketing and say something like - “We need to raise deposits,” or “We have a new account opening platform that we need to market.” Marketing would then put together some ideas for a print or digital campaign; Retail would sign off on it, and then they would roll it out.

Marketing 459

More Trending

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ISPs Reinstate Data Caps For US Employees Working From Home

PYMNTS

The mass increases of people working and learning from home during the pandemic have resulted in changes in habit for internet use, but also new strategies to keep bills down as internet service providers (ISPs) start putting data caps back into play, The Wall Street Journal (WSJ) reported. Even users who never had to think about their internet usage have received notices from companies like Comcast saying they are using too much data, WSJ reported.

Data 243
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Forrester Report Says Financial Services and Healthcare Are Our “Home Turf”

Perficient

Perficient was listed in Forrester’s recent report, “The Forrester Wave : Digital Process Automation Service Providers, Q3 2020, The 13 Providers That Matter Most And How They Stack Up.” The report evaluates 13 service providers and illustrates how each provider measures up and supports application development and delivery (AD&D) professionals.

Report 294
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Celebrating BSA/AML Day 2020

Abrigo

BSA/AML Day was created by Abrigo in 2017 to honor the hard work BSA/AML professionals do each and every day to protect our financial industry and country. It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny. We want BSA/AML professionals to know how much we appreciate the work they do to fight financial crime and stop illicit funds from entering our financial system.

Fraud 195
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Changing SXA Placeholders Post Content Creation

Perficient

Continuing Sitecore development on an already live site can bring about new challenges that did not exist prior to go-live. For example, if a particular component is already being used by content authors, you do not want to introduce changes to said component that would break pre-existing uses of it on various pages. The Problem. You may end up needing to change an SXA Placeholder Key in which a component is inserted in.

Examples 294
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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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Ant Group IPO Pricing Could Reach $35B, Report Says

PYMNTS

Alibaba founder Jack Ma has said the upcoming dual listing for Ant Financial is “the largest in human history,” according to Reuters. Ma also noted that it’s the first time such a gargantuan deal has been conducted outside of New York City. “We didn’t dare to think about it five years ago, or even three years ago. But a miracle just occurred,” he told an audience at the Bund Summit in the eastern financial hub of Shanghai.

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Open Banking fails to meet targets

Bobsguide

Despite having registered over two million users in the UK, Open Banking is still failing to meet its objectives of creating a more competitive retail banking landscape. “Everything that it's looking to achieve in terms of improving competition and transparency amongst the incumbent.

Meeting 187
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Penta Collab Improves Interest Rates For SMBs

PYMNTS

Digital bank Penta , which works to provide services for small- to medium-sized businesses (SMBs), will now accept overnight and term deposits from Germany's WeltSparen , which can help clients' interest rates, according to a press release. The new services are being introduced in partnership with FinTech Raisin , with the combination of services offering better value for customers, according to the release, which include tens of thousands of SMBs and freelancers.

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JCB in pact with Riyad Bank to expand in Saudi Arabia

Payments Source

JCB International has entered an acquiring partnership with Riyad Bank to enable acceptance of JCB cards at merchant terminals and ATMs throughout Saudi Arabia.

ATM 177
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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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Zillant Partners With SAP For Pricing Optimization

PYMNTS

Zillant , which works in B2B price optimization, price management and sales guidance software, is partnering with SAP on helping distributors get the most out of pricing and customer experiences, a press release says. According to Greg Peters , president and chief executive officer for Zillant, the challenge for distributors comes in pricing things right so as to get the best from a product.

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Are Negative Interest Rates In Our Future?

Jack Henry

The COVID-19 pandemic has significantly impacted our economy in 2020, triggering unprecedented fiscal and monetary stimulus by the federal government and the Federal Reserve. This massive outlay of money will have long-term effects on all aspects of the economy moving forward. It’s most obvious now in the Treasury markets, where interest rates are at or near historic lows.

Marketing 135
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DoorDash Invests In Restaurant For First Time

PYMNTS

Food delivery app DoorDash is working alongside California-based Burma Superstar for a brick-and-mortar store, according to a report from The Verge. The spinoff is called Burma Bites, and it will be designed for delivery and takeout, boasting menu items from the parent restaurant alongside new items, presented in environmentally-friendly to-go containers.

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Amex sweetens premium card rewards, again, with new Uber perks

Payments Source

American Express Co. boosted the perks on some of its premium cards once again as the card issuer tries to keep a lid on attrition during the coronavirus pandemic.

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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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BPCL Partners With Fino Payments Bank On Fleet Payment Cards

PYMNTS

BPCL has teamed with Fino Payments Bank in order to provide digitized card refills for fleet drivers in India, according to a report from The Hindu BusinessLine. Before this, truck drivers had difficulty refilling their BCPL Smartfleet cards in and around Erode. But with the partnership, digitized cash in the form of prepaid cards will be available, letting drivers make payments for fuel at BCPL outlets.

Cards 184
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Real-time payments are changing gig-economy, real estate payments at small banks

Payments Source

Two smaller banks with strikingly different roots — a startup financial institution in Irvine, Calif., and a century-old Missouri-based bank — are seeing similar trends emerge around demand for real-time payments.

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Second Outbreak Wave Forces Europe To Tighten Restrictions

PYMNTS

Governments across Europe are re-imposing social distancing measures as COVID-19 roars back from a summer lull, prompting widespread concern of a new round of economic damage, The Wall Street Journal (WSJ) reported on Sunday (Oct. 25). Spain announced a state of emergency, WSJ reported, allowing authorities to force social distancing and emergency healthcare policies.

Policies 183
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Promotion!

Matt Wilcox Pro

I realize that “it seems like it was just yesterday” is a tired cliché, however, it seems like it was just yesterday that I joined Fiserv as Managing Director, Marketing Strategy and Innovation, Digital Payments. In fact, it was seven years ago this month. Today I’m grateful (and just a little bit amazed) to announce […].

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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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Illinois SMBs Face Tighter COVID-19 Restrictions

PYMNTS

With COVID-19 cases rising in Illinois, operators of small- to medium-sized businesses (SMBs) in heavily populated areas face new shutdowns — measures likely to be all the more painful economically because of looming winter weather that will make options such as outdoor dining unattractive, The Wall Street Journal (WSJ) reported. The state Department of Public Health reported Sunday (Oct. 25) that the seven-day positive rate for testing is 6.1 percent and that 2,605 patients were hospitalized, i

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Traders and venues urged to prepare for non-equivalence

Bobsguide

With Brexit looming, politicians and trading market participants are growing increasingly sceptical of equivalence between EU and UK trade reporting.

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Bitcoin Daily: China Shuts Down Gambling Sites Using Tether; Japan's Soccer Star Debuts Own Crypto

PYMNTS

On P2P marketplace Paxful , traders are selling up to $16.2 million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. According to Arcane, much of that comes from trades done in areas with little developed financial services, including communities where migrant workers are sending funds to their fami

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Breathing insider fraud requires a new culture

Payments Source

Business leaders have come to understand the role that people play in cybersecurity fiercely working to establish a strong security culture within their own organizations, says KnowBe4's Javvad Malik.

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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.