Tue.Feb 16, 2021

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How Can Automakers and Suppliers Win Over Customers With Digital?

Perficient

Customer expectations have evolved drastically due to the impact that digital technology has placed on the customer experience. There is also no question that Covid-19 has changed the digital game by increasing digital transformations and creating a demand for a smooth digital experience. When McDonald’s began to see a decrease in sales, they stepped back and listened to the customer.

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Sibos podcast: Top 10 banking trends for 2021

Accenture

As the calendar turns to another , one of the things I look forward to is putting together my annual Top 10 Banking Trends report. It’s a chance to connect with colleagues and clients and reflect on what the year gone by means for the year ahead in the banking industry and then capture that…. The post Sibos podcast: Top 10 banking trends for 2021 appeared first on Accenture Banking Blog.

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Power Platform Dataverse (CDS) Bulk Record Deletion

Perficient

When you first start out in Dataverse it appears that there is no easy way to bulk-delete records unless you come from a dynamics background. If you are like me and usually have dataflow bringing in thousands of items at a time, this can become burdensome. Following the video ( Link ) & steps below you can select the Entity/Table from the “Dynamics” side of the house and schedule a job to bulk delete specific sets of data or all data alleviating the need to create a flow or manually delete h

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Financial Services firms turn to data ethics to manage digital risks

Accenture

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1 Digital solutions enable this kind of agility at scale, but individual and societal risks can also scale in digital systems. For instance,…. The post Financial Services firms turn to data ethics to manage digital risks appeared first on Accenture Banking Blog.

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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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[Webinar Recording] Boost Revenue and Profit Performance with Oracle IBPX

Perficient

On January 20 th , Richard Larrabee Manager, Supply Chain Solutions, Oracle, Kent Davis Director, Oracle ERP SCM, Perficient, Alaster Love Director Oil & Gas Practice, Perficient, and Don Ford Director, Oracle EPM, Perficient, hosted a webinar: Boost Revenue and Profit Performance with Oracle IBPX. In this webinar, we showcase Oracle’s Integrated Business Planning and Execution (IBPX) solution and how it can help your business facilitate financial processes using a complete suite of Oracle a

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Federal Reserve Releases 2021 CCAR Testing Scenarios

Perficient

Last Friday, February 12, while many bankers were preparing for a long 3-day weekend or perhaps making preparations for Valentine’s Day celebrations, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests. In 2020, the Federal Reserve found that large banks were generally well-capitalized under a range of hypothetical events.

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Banks want to regain control of consumer bill pay. Mastercard offers help.

Payments Source

The card brand's data exchange platform, which provides mobile real-time processing, has gained support from the likes of PNC and Citizens.

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Complementing SAP with True Order Management Capabilities

Perficient

Seamless order to fulfillment is the crux of any good experience. A brand’s reputation and longevity, as well customer loyalty and adoption, often hinges on the success of how order management (OM) is rooted in an organization. The interaction with users at their point of need is the tipping point and often dictates success or failure. In enterprise organizations, SAP is often a back-office cornerstone leveraged for ERP and financials, but the gaps in OM displays an opportunity to exceed custome

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Digital cash management maximizes open banking's impact

Payments Source

With the introduction of open banking, different department managers have wider access to modern transaction tools, says Trovata.io's Brett Turner.

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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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Truist’s head of digital banking outlines 2021 digital roadmap

BankInovation

Truist Financial is teeing up some AI-backed tech initiatives this year as it pilots a virtual assistant and AI-driven insights platform for a yearend release. Currently, the chatbot is in testing with a limited number of customers on the heritage BB&T mobile platform, Dan Massey, head of enterprise digital banking, told Bank Automation News. It will roll out more broadly to […].

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JD.com plans to spin off shipping unit in Hong Kong listing

Payments Source

Chinese e-commerce giant JD.com Inc. said it plans to spin off its JD Logistics shipping business in a listing on the Hong Kong Stock Exchange.

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First State Bank of the Southeast automates lending and saves $50K

BankInovation

First State Bank of the Southeast estimates savings of $50,000 per year in employee hours from a new automation in its consumer and commercial lending process. The automation will also reduce loan turnaround time by 20%, according to Chief Credit Officer Penny Sharp, who heads the loan process at the Middlesboro, Ky., bank. The $350 […].

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The key issues to discuss at Card Forum: Contactless

Payments Source

With Card Forum: Contactless about to kick off, it's important to know the major issues ahead of time so you can get the most out of the virtual event on March 16.

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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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Buy Now Pay Later: Why millennials, Gen Zs love this option

ATM Marketplace

Buy Now and Pay Later has become a trend during 2020 and looks like, given the appeal it has for millennials and Gen Z's it will be part of the payments industry in the future. Chaim Lever, co-founder of Four, a split-payment platform, shares his thoughts on why especially these two groups prefer to buy now and pay later.

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Philippine remittances see first drop since 2001

Payments Source

The amount of money repatriated by Filipinos abroad fell last year for the first time since 2001 as the pandemic upended the global job market.

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Bitcoin surges through key $50,000 level in European trading

TheGuardian

Cryptocurrency value up 75% since start of year spurred by prominent business people Bitcoin soared through the key $50,000 level on Tuesday for the first time as the growing acceptance of the world’s biggest cryptocurrency among large banks and investment funds continued to draw in mainstream investors. After a meteoric rise in which its value increased by 75% since the start of the year, the currency hit $50,547.70 (£36,320) per coin in European trading at around 12.35 GMT.

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A renewed call to break up big banks

American Banker

In a book that was decades in the making, retired law professor Art Wilmarth tells the story of the Glass-Steagall Act — its origins, demise and aftermath. He also makes a case for restoring the separation between banks and securities firms, arguing that erecting such a barrier would reduce systemic risk and weaken the big banks’ political power.

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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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Central bank digital money won't replicate cash, Sweden's Riksbank says

Payments Source

It would be misguided to expect cash-like features of a central bank digital currency, according to one of the monetary authorities furthest ahead in exploring such a system.

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How soon will fee income rebound at credit unions?

American Banker

Noninterest income from Paycheck Protection loans and mortgage refinancings isn't enough to make up for shortfalls elsewhere, and growth prospects are hard to identify.

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Japan's surprising lag in mobile pay gives it a unique opportunity

Payments Source

Despite a culture of innovation, cash is still king in Japan. That paradox gives Japan a chance to leap ahead of other countries in payment innovation, says Fime's Takahide Kadoyama.

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Morgan Stanley creates bot that does junior analysts' work — faster

American Banker

The AskResearch virtual assistant helps the company's employees quickly find specific information buried in proprietary research to facilitate their work with clients. It's a creative solution to data-retrieval problems many banking companies face.

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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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Plaid, Atom bank to simplify SME lending in the UK

The Paypers

App-based bank Atom has partnered with Open Finance platform Plaid to roll out Open Banking services to its customers, according to the official press release.

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How joint venture negotiations led to a $900 million bank merger

American Banker

The leadership at Boston Private Financial Holdings wanted to establish a wealth management partnership with SVB Financial Group — but ended up striking a deal to sell the company to SVB instead.

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Moomoo Brokerage Review: Technical Analysis Tools Alongside Free Trades

MyBankTracker

When deciding where to invest online, you may be interested in a platform that prioritizes smart trading technology. Moomoo offers intuitive trading for first-time and professional investors who want to build a better portfolio. This investment app sets itself apart from other online brokerages like Fidelity, Schwab or Vanguard. It offers a wide range of trading tools.

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Registration now open for 2021 Best Credit Unions to Work For rankings

American Banker

The popular annual program is back and it has never been easier to participate.

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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.