Perficient
AUGUST 26, 2020
COVID-19 has completely changed the way B2B businesses sell products to customers. Traditionally a buyer would experience the product and its features first-hand, determine if the product will meet expectations, and make purchases in an office setting. Unfortunately, the ability to safely go through that process is not an option during these unprecedented times.
Accenture
AUGUST 26, 2020
In my last post, I talked about the importance of identifying and measuring the right key performance indicators (KPIs) to track the success of Open Banking initiatives. We introduced the various forces that have contributed to the capabilities a bank needs to deliver successful outcomes from its Open Banking initiatives. Today, let’s focus on some….
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Perficient
AUGUST 26, 2020
In a comment on my previous post Apache Sling JVM Performance , Gil Tene made an insightful comment about the potential possibility of performance impact from speed from the underlying environment or other tests. To accommodate for this possibility, I re-ran the tests inside a loop, randomizing order of the JVM execution for each iteration 25 times.
Bobsguide
AUGUST 26, 2020
The pressure is on for financial institutions (FIs) to adopt climate risk models as regulators and shareholders zero in on environmental, social and governance (ESG) factors. “[Climate risk assessment] is absolutely going to be required to be done, but we’re seeing the banks moving.
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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
Payments Source
AUGUST 26, 2020
Close collaboration between leading payment innovators and regulators could help regulators better understand the direction the industry is headed, says Arkose Labs' Vanita Pandey.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
AUGUST 26, 2020
Several months after the pandemic took hold, Diebold Nixdorf and NCR have adopted an ATM recovery strategy that stresses contactless access as well as innovations that are similar to other industries that traditionally rely on kiosks.
CFPB Monitor
AUGUST 26, 2020
As discussed in our June 12th and August 7th posts, The New York City Department of Consumer Affairs (“DCA”) issued new debt collection rules related to limited English proficiency servicing, which took effect June 27, 2020. Due to the COVID-19 crisis, the DCA provided the industry with a 60-day enforcement grace period until August 26, 2020. The DCA has now extended this enforcement grace period until October 1, 2020.
Payments Source
AUGUST 26, 2020
If the U.S. Postal Service can hold talks with big banks, like JPMorgan Chase, about offering financial services in post offices, then it could easily strike up similar conversations with credit unions.
TheGuardian
AUGUST 26, 2020
US secretary of state says China bullying UK and claims accounts of pro-democracy customers are being closed The US secretary of state, Mike Pompeo, has renewed his attack on HSBC for the bank’s alleged treatment of pro-democracy customers in Hong Kong, saying that China is “bullying” the UK. Pompeo, who in June accused HSBC of a “ corporate kowtow ” to Beijing , cited reports of Hong Kong-based executives at Next Media being unable to access their bank accounts.
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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
AUGUST 26, 2020
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
TheGuardian
AUGUST 26, 2020
Former Bank of England governor joins asset management firm to lead its ESG investment strategy The former Bank of England governor Mark Carney has returned to his roots as an investment banker with a job spearheading environmental and social investing for a Toronto-based asset manager. Carney will join Brookfield Asset Management, which ranks as the world’s second-largest investor in climate-friendly businesses behind the US firm Blackstone with about $550bn in assets under management.
Payments Source
AUGUST 26, 2020
Digital remittance provider WorldRemit has agreed to acquire Sendwave, a mobile app-based remittance company focused on servicing the African money transfer corridors.
CB Insights
AUGUST 26, 2020
In 2019, one of the biggest storylines was big tech’s move into fintech. Over the span of the year, Google revealed it was working on checking accounts with Citi , Apple launched a credit card in partnership with Goldman Sachs, and Facebook launched Facebook Pay and took ambitious first steps toward creating a digital currency. Why all the sudden fintech moves?
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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
AUGUST 26, 2020
Visa is readying its platform for major disruptions by adding artificial intelligence to its neural network so legitimate card transactions will be processed normally in case of a system outage.
BankInovation
AUGUST 26, 2020
Effective anti-money laundering processes are as crucial as ever to institutions’ brands, and the pace of new AML regulations is not slowing down according to a new Forrester Research report, titled “The Top Trends Shaping Anti-Money Laundering in 2020.” Andras Cser, principal analyst at Forrester and author of the report, wrote that the shift to online […].
Payments Source
AUGUST 26, 2020
If the mega payments deals of 2019 left the acquiring landscape somewhat scorched, the COVID-19 pandemic planted new seeds to allow ISOs to grow by quickly converting merchants to electronic payments.
BankInovation
AUGUST 26, 2020
HSBC Bank has adopted new identity verification tech and onboarding methods for its U.S. Premier checking accounts. The move is an attempt to leverage the bank’s new digital application to expand its international customer base. “We’ve been working on a number of different initiatives to make it easy for international customers to work with us,” […].
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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.
CB Insights
AUGUST 26, 2020
Hi there, Here’s what went down in insurance tech this week. Want the full post? Become a CB Insights customer. If you’re already a customer, log in here. The post This Week In Insurance Tech: Alphabet’s Verily Enters Insurance, Waterdrop Raises $230M, AXA XL Adds Procore To Its Construction Ecosystem appeared first on CB Insights Research.
ABA Community Banking
AUGUST 26, 2020
The federal banking agencies today finalized several rules originally issued as interim final rules during the spring weeks of the emergency coronavirus response. The post Agencies Finalize Three Rules Issued as Part of Pandemic Response appeared first on ABA Banking Journal.
Image Works Direct
AUGUST 26, 2020
If you take a moment to think back to January, it’s hard to fathom how much our world has changed. As a financial institution, the COVID-19 pandemic has put immense pressure on your staff, your patrons, your budget…just about everything. The marketing plan you entered 2020 with probably looks slightly – or majorly – different now too.
The Financial Brand
AUGUST 26, 2020
Contactless cards and digital wallets gain more consumer interest due to COVID-19 fears, but growth should continue as familiarity spreads. The post More Consumers Prefer Contactless Payments for Pandemic Purchases appeared first on The Financial Brand.
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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.
Digital Growth Institute
AUGUST 26, 2020
The most valuable thing a marketer can do is get into the hearts and minds of their consumers. This is more than using “emotional appeal” as your ad strategy. We’ve seen videos and print ads designed to evoke happiness, sadness, fear, etc. The no-smoking ads and the adopt-a-pet campaigns are certainly compelling. But as powerful as they are, they are designed for the masses.
The Financial Brand
AUGUST 26, 2020
Study shows: Even with lobby restrictions still in place, most new consumer checking accounts at community institutions originate in-branch. The post Branches Bounce Back with Strong Retail Sales After Initial COVID Hit appeared first on The Financial Brand.
Perficient
AUGUST 26, 2020
Back in early 2019, I became interested in how I could use Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Generation (NLG) to write content for my blog posts. The idea was elementary: come up with a story idea and let an AI tool write the content! I didn’t want to create a tool like this, as I figured with all the hype over AI, ML, and NLG that many people have already made a solution.
The Financial Brand
AUGUST 26, 2020
Google sets the rules of search. Doing best at each stage of the sales funnel demands understanding how the search giant will make you look. The post How SEO in Banking Must Adapt to the Sales Journey appeared first on The Financial Brand.
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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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