Perficient

NOVEMBER 23, 2020

An eMarketer article reported that “US B2B Digital Healthcare Ad Spend will grow by 41.2% in 2020 to reach $848.1 million. That is the highest growth rate out of all the sectors for which we track B2B digital ad spending.” Now, I can’t say I’m surprised by this statistic. As eMarketer accurately points out, not only is there an increased demand for healthcare products (specifically PPE) within healthcare facilities, new customers have entered this vertical who have never purchased these types of

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PYMNTS

NOVEMBER 23, 2020

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries. Western Union first unveiled the goal of expanding digital payments to 100 countries during its investor day event in 2019.

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Perficient

NOVEMBER 23, 2020

In my previous post in this mini-series, I went over the creation of the Simple Workflow and its states. In this post, we will go over how to automatically place Sitecore items into the Draft state upon creation. We will cover two approaches to implementing this: setting the Draft state in the Standard Values of items or using the rules engine to assign workflow values on item creation.

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PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). “There's no question that people are flocking to digital payments and digital forms of currency,” Schulman told CNBC’s “Squawk Box.”.

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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

Lending

Perficient

NOVEMBER 23, 2020

Now that we have covered what a workflow is in Sitecore, let’s jump into configuring workflow states in a custom workflow. Again, the number of workflow states you need is entirely up to the requirements of your business process for getting content approved. This post will walk through the creation of a simple workflow. This workflow will contain three states: Draft, Awaiting Approval, and Approved.

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Perficient

NOVEMBER 23, 2020

“The future of banking is going to be very personalized — one to one. Banks need to become more relevant in the moment for a consumer who has a particular problem. The power of data and artificial intelligence can help us do that.” Lisa Frazier, Head of the Wells Fargo Innovation Group. Personalization is the future of financial services. It is becoming the key driver behind ongoing digital strategies, and the industry pundits echo that.

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PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. But there’s a new data revolution underway and this one is on the consumer side, as financial data aggregators are very much in the news. The latest developments come from Mastercard.

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Bobsguide

NOVEMBER 23, 2020

The UK is a leader in the field of open banking. 2019 was a mammoth year for the country’s open banking ecosystem, when UK open banking hit one million users, regulated providers grew to 204 and there were 1.25 billion API calls. There is no doubt open banking has helped lift London into a.

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PYMNTS

NOVEMBER 23, 2020

Artificial ingredients: tasteless. Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Done in collaboration with Kount , PYMNTS’ November 2020 Mobile Order-Ahead Tracker® dives into the topic in-depth, noting that “artificial intelligence (AI) has been a transformative tool for the restaurant

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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

Report

Jack Henry

NOVEMBER 23, 2020

Ransomware attacks and the costs to get businesses back up and running continue to increase. The hasty expansion of the remote workforce due to the COVID-19 pandemic only makes matters worse. Ransomware is the third most common malware breach and the second most common malware incident type, according to the 2020 Verizon Data Breach Investigation Report.

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PYMNTS

NOVEMBER 23, 2020

Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation.

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Payments Source

NOVEMBER 23, 2020

Finland’s OP Financial has announced that it will be launching a biometric payment card pilot in the Nordic countries in the second half of 2021.

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PYMNTS

NOVEMBER 23, 2020

When Miami-based Retail e-Commerce Ventures (REV) recently announced that it purchased the remains of twice-bankrupt RadioShack , it wasn’t some one-off strategy to acquire distressed assets for pennies on the dollar. Instead, it was the latest move in a business model that the company has long followed. It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.

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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.

Lending

Payments Source

NOVEMBER 23, 2020

Many countries are positioning themselves as a destination for fintechs seeking EU-wide licenses as the U.K. leaves the EU. Following Brexit, U.K. electronic money and payments institution licenses across the EU won’t be passportable across the EU.

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PYMNTS

NOVEMBER 23, 2020

Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling. The FTC said way back in February (feels like a lifetime ago!) that check scams were on the rise. And even before then, as evidenced by an earlier conversation between Karen Webster and Drew Edwards , CEO of Ingo Money , mobile deposit fraud was increasingly becoming a favorite vector for criminals.

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Banking Exchange

NOVEMBER 23, 2020

US banks should brace for a rapid increase in delinquencies and charge-offs, according to the research Risk Management Feature3 Feature Mortgage Fair Lending Credit Risk Compliance Management Compliance/Regulatory Mortgage Compliance Mortgage/CRE Duties Financial Research The Economy.

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PYMNTS

NOVEMBER 23, 2020

The National Retail Federation (NRF) said it predicts retail sales across the U.S. will rise between 3.6 percent and 5.2 percent over what they were last year, a press release says. The total will now be between $755.3 billion and $766.7 billion, the release says, with automobile dealers, gas stations and restaurants not included. Last year there was a 4 percent increase, which ended up with a total of $729.1 billion in retail sales and an increase of 3.5 percent, the release says.

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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.

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Cisco

NOVEMBER 23, 2020

As we look back on 2020, the pandemic has proven to be a clear digitization accelerator—especially in areas critical to COVID-19 response. Companies within the financial sector are going beyond the lobby and into the cloud. Some of the key benefits of embracing a cloud-managed IT solution include a decrease in time to market thanks to automation and zero-touch provisioning, the ability to simplify visibility and troubleshoot while helping IT teams get ahead of issues, and the ability to focus ex

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PYMNTS

NOVEMBER 23, 2020

To say the least, the retail industry finds itself in the middle of a tricky holiday season. As of late October, data released by LendingTree indicated that a quarter of consumers were already finished with their holiday shopping for 2020. According to the survey, a large swath of those early shoppers were parents of children under 18 years of age, 44 percent of whom had managed to wrap up their holiday shopping before outfitting their kids in Halloween costumes this year.

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Payments Source

NOVEMBER 23, 2020

HSBC for the first time is offering customers a way to send funds instantly across borders to other HSBC customers via a mobile device.

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PYMNTS

NOVEMBER 23, 2020

India’s central bank is considering allowing payment banks and other finance companies to become lenders. A working group within the central bank is also mulling over whether to allow industrial conglomerates to set up banking units, according to Reuters. In a committee report released on Friday (Nov. 20), the working group recommended regulatory changes that would allow industrial groups to hold larger stakes in lenders, marking a significant policy shift for the central bank.

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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.

Compliance

Payments Source

NOVEMBER 23, 2020

PayPal Holdings Inc. employees will probably spend more time working from home even after the coronavirus pandemic is over.

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PYMNTS

NOVEMBER 23, 2020

Apple has extended a deadline for in-app fees for online events through June of next year, a posting on a developer site says. The original date for the requirement was to be December of 2020, but that has now been extended to June 2021. The release notes that apps are supposed to offer all paid online group app experiences through the App Store, but the company recognizes that “adapting experiences from in-person to digital continues to be a top priority,” according to the release.

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Payments Source

NOVEMBER 23, 2020

Payoneer has integrated its payment orchestration platform into its core services, a year after obtaining the cloud-based technology through the acquisition of German payments provider Optile.

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PYMNTS

NOVEMBER 23, 2020

A bipartisan group of states is ready to file an antitrust lawsuit against Google next month, which could precede the more widely-publicized lawsuit from another group of states against the tech giant led by Texas, Reuters writes. The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters.

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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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