Perficient
JUNE 9, 2020
Many times while working on a project you might encounter a situation where you need to add the same type of structure is to multiple pages. To get accomplish this, you need to add the same piece of code again and again. This use to be a struggle many developers dealt with during site builds. Now, we can get rid of this repetitive task by using Sitecore’s “HTML snippet feature with Rich Text Editor”.
Payments Dive
JUNE 9, 2020
PPRO takes a future view of how COVID-19 may permanently change the payments landscape.
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Chris Skinner
JUNE 9, 2020
I was recently asked to respond to the idea that men are not supporting diversity enough. It was for a blog update by Darren Franks on his website talentinthecloud.io. Of course, I said yes. Here’s the result … FinTech needs more men! Yes, you read this right, the FinTech sector … The post FinTech needs more men! appeared first on Chris Skinner's blog.
Accenture
JUNE 9, 2020
In my previous posts in this series, I talked about the importance of getting technology, security, operating models and governance right when navigating the Open Banking journey. An equally crucial factor is the activation of the ecosystem. Open Banking requires and depends on partnerships—from suppliers to business collaborators and from vendors to customers.
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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
Chris Skinner
JUNE 9, 2020
Things we’re reading today include … UK banks approve £35bn in state-backed loans amid heavy demand Exclusive: Banks to Berlin – Loosen coronavirus cash rules for firms Turkey joins settlement house Euroclear after 8-year talks Pompeo chides HSBC for ‘corporate kowtow’ to Beijing Amanda Staveley exaggerated role in Barclays rescue, … The post Things worth reading: 10th June 2020 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JUNE 9, 2020
Banks and credit unions closed their lobbies and branches amid shelter-in-place orders in response to the coronavirus pandemic. Financial institutions that had already made the shift towards digital offerings found themselves with a distinct advantage to serve their customers and members. Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers.
PYMNTS
JUNE 9, 2020
The Federal Communications Commission ( FCC ) is working on facilitating 5G wireless networks across the U.S., according to a press release. The FCC is doing so by looking into how it can speed up the upgrades to existing wireless infrastructure through state and local rules, the release states, in order to provide the high-speed 5G networks which are “critical to expanding economic opportunities and supporting public health and safety in American communities.” In 2012, Congress pass
Payments Source
JUNE 9, 2020
Identity fraud holds no prisoners when it comes to payments. If a fraudster gets hold of a consumer's credentials, everything from mobile wallets, to a checking account, savings account or P2P account is in jeopardy of takeover.
PYMNTS
JUNE 9, 2020
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent growth increase year-over-year in May, a press release states. That’s a significant jump from the company’s 57 percent digital transaction spike in the first quarter. The growth in May was driven by MoneyGram Online, the company’s direct-to-consumer (DTC) channel, which reported 107 percent growth and over 80 perc
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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
Bobsguide
JUNE 9, 2020
Regulations and requirements aimed at making retail banks more secure are driving customers away, according to Aarti Samani, SVP of product and marketing at iProov. A report by IPSOS Mori showed that on average, two-thirds of customers are unsatisfied with their bank in the UK, something that.
PYMNTS
JUNE 9, 2020
Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those levera
Bobsguide
JUNE 9, 2020
For many, their reconciliation software has become part of the office furniture – sat in the corner, not upgraded or even reviewed in years. But there is a growing shift toward updating or introducing new reconciliation solutions that are service-based, standard-driven and highly focused on.
PYMNTS
JUNE 9, 2020
China’s Tencent is looking to build its own city, called Net City, including corporate offices, apartments and a school on a 21-million-square-foot development the size of midtown Manhattan, The Wall Street Journal reported. Jonathan Ward , design partner for project architect NBBJ, said the idea is a “sustainable city of the future,” WSJ reported.
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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.
Payments Source
JUNE 9, 2020
Paytm loosens point of sale credit; U.K. regulators offer an open banking app store; and other information you need to start your day, from PaymentsSource and around the web.
PYMNTS
JUNE 9, 2020
Remember when omnichannel was “the thing” that would save retail? More recently it’s been payments choice. As summer 2020 gets underway and reopening along with it, digital as a way of operating smarter and faster … without having to touch anything … is the surest bet now. “States across the U.S. are following through with plans to reopen storefronts, but consumers have seemingly moved on from wanting to exclusively shop in-store and are instead more interested in shopping digitally,” according
BankBazaar
JUNE 9, 2020
Not a fan of thinking about the big picture when it comes to finances? You don’t have to. All you have to do is think about the next one month; here’s how! When it comes to planning life, baby boomers and millennials are bound to be at loggerheads. Both generations have grown up experiencing vastly different life situations and societal pressures.
PYMNTS
JUNE 9, 2020
Affirm has debuted a high-yield savings account called Affirm Savings, according to an announcement. The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. The company said in an announcement, “Affirm started by creating a simple, transparent form of credit that allows consumers to split the total cost of a purchase over monthly payments, without ever charging late or hidden fees.
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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.
SWBC's LenderHub
JUNE 9, 2020
We have to hand it to The Federal Reserve; what they have managed to do with the investment-grade and high-yield bond and loan market has been remarkable. Back in March, they announced a Secondary Market Corporate Credit Facility (SMCCF) to provide liquidity to frozen markets. They would use this facility to buy investment-grade corporate bonds, high-yield corporate bonds that were investment-grade prior to March 20, 2020, and investment-grade ETFs.
PYMNTS
JUNE 9, 2020
The pandemic is spurring new opportunities for financial institutions (FIs) of all sizes to improve the range of services they deliver to end users amid the continuing shift to digital. To that end, in an interview with PYMNTS, Kevin Hughes , aggregation product manager at Fiserv , said that data — specifically data aggregation tied to open banking — remains key to adding new solutions to banking platforms.
CFPB Monitor
JUNE 9, 2020
The CFPB recently announced the availability of an updated Consumer Handbook on Adjustable Rate Mortgages , often referred to as the “CHARM booklet.” The Federal Register notice regarding the public availability of the updated booklet is available here. The biggest difference in the updated booklet is its size. The prior version issued in 2014 is 41 pages, while the updated version is a slender 13 pages.
PYMNTS
JUNE 9, 2020
The number of Nintendo accounts compromised by hackers was nearly double the amount reported two months ago, according to TechCrunch. The Japanese gaming company originally announced in April that 160,000 of its accounts were compromised in a Nintendo Network ID hack, putting account owners’ names, email and physical addresses, birth dates and payment methods out in the open.
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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
JUNE 9, 2020
More than 80% of the card company’s customers who opted to skip payments ended up making them a month later, Chief Executive Officer Roger Hochschild told investors at a virtual conference Tuesday.
PYMNTS
JUNE 9, 2020
When the pandemic hit and shut down hair salons along with other businesses nationwide, the effect on personal aesthetics started out as something of a joke. TV personality Kelly Ripa began tracking the progress of her gray roots growing out , celebrities began serving up their makeup-free selfies and people shaved their heads in what became the year’s unexpected hair trend.
BankInovation
JUNE 9, 2020
Ally Lending, the business-to-business-to-consumer lending arm of Ally Bank, today announced a partnership with Authority Brands to provide financing for customers for home improvements such as new roofing and plumbing. ?“Customers can get financing through their home improvement services dealer,” said Hans Zandhuis, head of Ally Lending. “We also offer ‘Consumer Direct Apply’ where people […].
PYMNTS
JUNE 9, 2020
eCommerce marketplace Bids.com notched more than $1.7 million in funding, exceeding its initial funding goal of $1 million for a first-round valuation of $10 million, according to an announcement. The company said it is gearing up for its second round of financing that “currently values the company at $30 million.”. Bids.com said the investment rounds will let it “further capitalize on its position as a leader in e-commerce” and assist it in growing its platforms to entrepreneurs in other countr
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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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