Sun.Sep 20, 2020

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Behind “Team Perficient:” A Hole-In-One Partnership with Top PGA and LPGA Golfers

Perficient

On the heels of the recent announcement of the formation of three professional golfers into “Team Perficient”, I sat down with Perficient’s Vice-President of Marketing, Bill Davis , to learn more about how the team came to be, why there’s such strong alignment between our brand and the athletes selected, and why Perficient’s so excited about these partnerships going forward.

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FLEETCOR Buys AFEX To Boost Cross-Border Payments

PYMNTS

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX works to implement cross-border solutions to aid small to medium-sized businesses (SMBs), helping them to grow internationally, the release says.

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Coronavirus fears give web crooks a dangerous edge

Payments Source

Netwalker attacks are known to target victims using phishing emails disguised as COVID-19 updates from their organization, taking advantage of the heightened fears and anxieties that come with the current pandemic, says Stealthbits Technologies' Dan Piazza.

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Western Union Teams With Isabel Group To Offer Payments In Belgium

PYMNTS

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Western Union Business Solutions will work with Isabel Group to expand access to Isabel's network, which offers online banking and fast payment services for organizations.

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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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Money-laundering report alleges banks profited by aiding criminals

American Banker

A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase, Deutsche Bank and several other global institutions kept moving illicit funds after receiving warnings from U.S. officials.

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How To Use Your Emergency Fund Because Of A Job Loss During COVID-19

BankBazaar

Given the present circumstances, it won’t be a stretch to say that there may come a time when we may have to dip into our emergency corpus. What should you do then and how should you go about it? Find out here. . The COVID-19 pandemic has dealt huge losses to the world economy that will probably take countries at least a few years to recover from – widespread job losses, paycuts and furloughs.

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ECS Fin To Test Apifiny's Blockchain Program

PYMNTS

ECS Fin , which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny 's Roxe network to help companies save time and costs on B2B payments, according to a press release. Apifiny debuted Roxe earlier this year as a way to beat some of the long-held friction points in the traditional banking system, with its "fragmented" nature where assets couldn't be transferred between different markets, countries or various settleme

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Flood of complaints expected over Covid-19 UK business loans

TheGuardian

Exclusive: UK Treasury warns new Business Banking Resolution Service to prepare for surge in grievances over loans such as CBILS The Treasury has told a new bank customer complaints body to prepare for an influx of grievances over government-backed Covid loans. The Business Banking Resolution Service (BBRS) – set to launch in mid-November - was preparing to tackle cases dating back to 2001.

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Chinese Consumers Slow To Adopt Facial Recognition Payments

PYMNTS

Ant Group , one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made last year, The Wall Street Journal (WSJ) reported. The affiliate of the Alibaba Group and operator of Alipay , put up that much cash on the enterprising but costly initiative to install facial recognition devices at retailers so consumers would no longer need their phones to make purchases.

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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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Pressure mounts on U.S. bank regulators to stress test for climate change

American Banker

Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.

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International Trade Shows Signs Of Recovery

PYMNTS

While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. While trade is still below pre-pandemic levels, it recouped about half of this year’s historic loss by June, according to the Kiel Institute for the World Economy, an independent, nonprofit economic think ta

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How we select the Best Credit Unions to Work For

American Banker

The annual ranking, a collaboration between Credit Union Journal and the Best Companies Group, involves surveying employees and reviewing each institution's workplace policies.

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Chinese Consumers Slow To Adopt Pay By Face

PYMNTS

Ant Group , one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made last year, The Wall Street Journal (WSJ) reported. The affiliate of the Alibaba Group and operator of Alipay , put up that much cash on the enterprising but costly initiative to install facial recognition devices at retailers so consumers would no longer need their phones to make purchases.

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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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The Best Credit Unions to Work For

American Banker

The coronavirus has created unprecedented challenges for employers but these credit unions rose to the occasion.

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EU Considers Tougher Rules On Big Tech Firms

PYMNTS

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. EU Commissioner Thierry Breton , who has taken the lead on the overhaul of its digital rules, told the Financial Times (FT) the proposals would prohibit large tech companies from a region.

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Banks face hard decisions about business models

BankInovation

Banks are facing rapid transformation, and the pace doesn’t seem to be slowing down anytime soon. According to Alyson Clarke, principal analyst at Forrester Research, many banks will struggle with the pace of change over the next 10 years. Already subscribed? Log in below. Username Password * Remember Me Forgot Password.

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Bitcoin Daily: Australian Man Sentenced For Mining Crypto On Gov’t Supercomputers; Oil Fund Claims 600 BTC Among World's Largest Sovereign Wealth Fund

PYMNTS

A former contractor for the Australian government’s Commonwealth Scientific and Industrial Research Organization has been sentenced to 300 hours of community service after pleading guilty to using the agency’s supercomputers to mine cryptocurrency, according to CryptoNewsPipe.com. Authorities said Jonathan Khoo gained access to the organization's computers in 2018 when he was hired as a contractor and used them to mine the cryptocurrencies Monero and Ethereum, according to CryptoNewsPipe.

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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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The IMF’s Covid crisis response

The Banker

Extraordinary times call for extraordinary measures, and the IMF has stepped up to the Covid-19 challenge. But will its $1tn money pot be enough to see the world through the worst of the pandemic? Joy Macknight reports.

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US Banks Keep Expectations Low Amid Tepid Interest Rates

PYMNTS

U.S. banks aren’t fooling themselves — they’re likely in for a long stretch of low interest rates putting a burden on their profits, the Financial Times (FT) reports. Most of the biggest banks, including JPMorgan Chase , Wells Fargo , Citigroup and Bank of America , said at a recent industry conference that they were trimming their revenue expectations for the year.

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Open Banking Provides Potential For Revenue Goldmine

The Financial Brand

Open banking and open APIs provide opportunities to serve new markets and build partnerships for new revenue opportunities. The post Open Banking Provides Potential For Revenue Goldmine appeared first on The Financial Brand.

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Validate API Calls Using Rest Assured in Singleton Design Pattern

Perficient

Introduction. A pplication P rogramming I nterface becomes the backbone of programming which helps in communicating between two different systems. As a tester, we need to give maximum test coverage for API calls validation in integration testing. This can be achieved by automating the API calls to increase efficiency. Rest API calls will be validated using different open-source automation tools like SoapUI, Katalon studio, Rest-Assured, Karate, and more.

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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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Gen Z Says They’re Eager to Use a Big Tech for Banking – But Will They?

The Financial Brand

Having some type of bank account with Amazon, Google or Walmart appeals to young adults, but many prefer to open checking accounts in person. The post Gen Z Says They’re Eager to Use a Big Tech for Banking – But Will They? appeared first on The Financial Brand.

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Oracle And Walmart Could Pay $12B For TikTok Stake Under Deal Trump Endorses

PYMNTS

Chinese tech giant ByteDance reportedly wants Oracle and Walmart to pay $12 billion for a combined 20 percent stake in its social media giant TikTok — a plan President Donald Trump said will allow TikTok to avoid a threatened U.S. shutdown. “I approved the deal in concept,” Trump told reporters Saturday. “If they get it done, that’s great. If they don’t, that’s OK, too.”.

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Consumer Angst Over Banking Fees Is More About Service and Rates

The Financial Brand

People pay to shop Amazon Prime and Costco. Maybe bank service charges wouldn't irk them so much if they clearly felt they were being served. The post Consumer Angst Over Banking Fees Is More About Service and Rates appeared first on The Financial Brand.

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Judge Temporarily Blocks Trump's WeChat Ban

PYMNTS

Score one for WeChat. A California federal judge has temporarily blocked President Donald Trump's executive order prohibiting WeChat , the social media app owned by China’s Tencent Holdings Ltd., The Wall Street Journal reported. Trump ordered the sweeping bans on transactions with the Chinese owners of WeChat and TikTok , a popular video-sharing app, alleging they are a threat to U.S. national security, foreign policy and the economy.

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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.