Thu.Feb 18, 2021

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How A Power Platform COE Can Help Your Makers and Your Business

Perficient

The following is the third in a series of blogs about how a center of excellence can help you unlock the potential of your people and Power Platform. So far in this series, we’ve looked at the maker movement and why Power Platform can enable the makers in your company to make a real difference to your business processes. As we noted in the last blog, the tools Power Platform includes can be crucial to enabling your makers, with Power Apps and Power Automate enabling them to not just build applic

Tools 531
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Marqeta branches into digital credit card issuing and processing

Payments Source

Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too.

Cards 165
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Are There Digital Strategy Lessons Financial Institutions Can Learn From Other Industries?

Perficient

The answer is yes, of course there are. I presented on this topic, along with my colleague Scott Albahary – Chief Strategist for Financial Services here at Perficient and Jim Marous – Co-Publisher of The Financial Brand , to approximately 500 financial services industry folks. As the financial services industry continues to go through its digital transformation, executives are craving new strategies and tactics to help position them against their competitors.

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Former Mastercard Europe chief turns to VC to discover innovation

Payments Source

Rapid changes in payments and regulations have blown open the door to new ideas, creating frontiers for fintech investors. Javier Perez hopes three decades of experience will help him have an early read on startups.

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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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Oracle Cloud Payables – Batch Disbursements Processing – Payment Process Requests

Perficient

Oracle Cloud Payables allows both manual and batch processing of payments due. Best Practices dictate that most payments should be done using a batch payment process. Manual payments should be done only on an exception basis. This discussion will focus on batch payment processing using Oracle Cloud Payables. Consider this, a company processes tens of thousands of invoices a month, has thousands of suppliers with many different payment terms and payment methods, and they have multiple disbursem

Payments 360

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A Developer’s Guide to Using Git DMZ Flow

Perficient

Understanding and correctly executing a Git workflow strategy is critical to the success of a development team. Git workflows like Gitflow and GitHub Flow are popular and fairly easy to grasp for development teams of all skill levels and project needs. The Sitecore team at Perficient has started to use the excellent Git DMZ Flow Git workflow for our projects, and while it holds a lot of promise and power, it does require a fundamental understanding of Git concepts.

Maine 348
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Cash-loving Japan shifts from notes and coins in boost for banks

Payments Source

Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to move more services online. Maintaining ATMs alone costs about 700 billion yen ($6.6 billion) annually and another 100 billion yen is spent handling cash at branch counters, Nomura Research Institute estimates.

ATM 91
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Perficient Recognized as an Industry Leader for Optimized Global Delivery

Perficient

Perficient takes pride in our global delivery capabilities that empower companies to adapt and innovate with agility. We champion an optimized global delivery approach that combines offshore, nearshore, and onshore delivery models to achieve unprecedented results for businesses through systems and software development, quality assurance and testing, and ongoing post-delivery managed support.

Industry 332
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The Fellowship of the LOS

Jack Henry

I love a good Lord of the Rings reference. Case in point, it may sound like fantasy, but have you thought how consolidating your multiple loan origination systems (LOSs) could bring all lending functions into fellowship? See, there I go again!

Lending 88
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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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Remote Delivery: From EBS and Hyperion to Oracle Cloud [Webinar]

Perficient

A $25B company, NGL Energy Partners’ (NGL) financial systems were preventing the timely integration of acquisitions and hindered productivity. Disparate systems for both ERP and EPM ruled out standard processes or controls. And automation of processes was costly, ineffective, and time consuming. Legacy Footprint: Dynamics AX, Oracle EBS, BI360, Hyperion Financial Management.

System 322
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What is the relationship between a markets-based measure of leverage and banks’ funding costs?

BankUnderground

Kieran Dent, Sinem Hacioglu Hoke and Apostolos Panagiotopoulos. The Great Financial Crisis demonstrated an important feedback loop between banks’ capitalisation and funding costs. As banks’ capitalisation declined, banks’ wholesale creditors responded by demanding higher interest rates to lend to them. In turn, higher funding costs dented banks’ profitability, further weakening their capitalisation.

Marketing 102
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Continuous Integration (CI) Pipeline Configuration for Episerver B2B Commerce

Perficient

After learning how to set up a basic continuous integration (CI) pipeline through Azure in my first blog, How to Set Up Automated Deployment with CI/CD Pipelines through Azure , the next stage is walking through the steps to build the CI pipeline for the Episerver B2B Commerce application. Below, you will find a snapshot of the list of agent jobs (tasks) required for this stage.

How To 309
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E-commerce platform Dmall is said to plan U.S. IPO this year

Payments Source

Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the matter.

Groups 87
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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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Choosing Between Ternaries or && in JSX

Perficient

There is always the question that runs in the mind of developers, do I choose ternaries or logical && to use in React? Personally, I always prefer logical && over ternaries to handle the truth condition. Let me explain why. Just a few days ago, I was writing the following React code: import React from "react"; const TodoList = ({ todos }) => { return ( <> <ul>{todos.length && todos.map(todo => <li>{todo.name}</li>)}</ul> 

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BNY Mellon subsidiary aims for 90% straight-through processing

BankInovation

BNY Mellon Pershing, the clearing house subsidiary of the New York-based bank, is leaning on RPA this year as it seeks to boost operational efficiency with increased straight-through processing. “It’s a moving target, but we want to be like 85% to 90% straight through, which means at least 85% of transactions have to go straight […].

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Barclays boosts bonus payouts despite 30% fall in profit

TheGuardian

CEO Jes Staley paid £4m with dividends to restart as bank sets aside £4.8bn for possible surge in loan defaults Barclays has paid its chief executive, Jes Staley, £4m and handed larger bonuses to its bankers despite a 30% drop in annual profits during the Covid crisis. Pre-tax profits fell to £3.1bn for 2020 from £4.4bn a year earlier, with earnings hit by a jump in bad debt provisions.

Taxes 92
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Cybercrimes, lists and risks: Why chief risk officers worry

BankInovation

What will keep chief risk officers and compliance leaders up at night this year? Bank Automation News spoke with current and former risk officers, and compliance vendors about the risks banks face in the coming year and the role automation will play in managing them. Their concerns include cybersecurity, managing sanction lists and preventing money […].

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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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Fed moves up FedNow launch date

CFPB Monitor

On February 2, 2021, the Federal Reserve (“Fed”) announced that the launch date for its instant payments platform— FedNow —would be sooner than originally expected. The announcement narrows the delivery timeframe by a full year. FedNow provides interbank clearing and settlement, which enables funds to be transferred between banks and credited to accounts in near real-time.

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Bank of America Tech Leader Hari Gopalkrishnan joins BA Ignite chatbot panel

BankInovation

Hari Gopalkrishnan, client facing platforms technology CIO at Bank of America, is among the experts sharing new use cases for chatbot development and deployment during the Bank Automation Ignite virtual conference on April 13-14. Gopalkrishnan will be part of a live panel discussion on April 13, at 2:15 p.m. ET. View the BA Ignite agenda. […].

America 98
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Game-Changing Tech 2021

CB Insights

New innovations and technologies are reshaping industries and providing solutions to some of the most urgent societal issues. But technology alone will not solve the biggest problems confronting the planet. . As Microsoft CEO Satya Nadella has said, “…it’s about human capital and the human potential, and technology empowers humans to do great things.” .

Capital 98
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Bank trade groups urged to rethink political giving after Capitol riot

American Banker

Election-reform advocates say the American Bankers Association and other organizations should take into account candidates’ commitment to democracy, not just their stances on issues, in directing donations.

Groups 94
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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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Payments' automated future is a chance to rethink tech investment

Payments Source

The shift to digital is permanent, creating an opportunity to reassess long-term strategy, says Greynier Fuentes.

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Stimulus, excess savings temper demand for personal loans

American Banker

Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon.

Lending 84
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Keir Starmer's Covid recovery bonds could be more than a gimmick

TheGuardian

Interest rates would need to be more attractive, but bonds could act as test run for financing greening of economy It’s a sign of how bad things have got for Sir Keir Starmer that the Labour leader felt the need to float his idea for British recovery bonds in his speech on the economy. Opposition leaders tend to keep specific policy proposals under wraps in the early stages of a parliament because they know there is a risk they will be filched by the government if they are any good.

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This week’s podcast: The times at the CFPB are a-changing: perspectives on the CFPB under Acting Director David Uejio and Director Rohit Chopra: Part I

CFPB Monitor

In Part I of our two-part podcast, we are joined by special guest former CFPB Director Richard Cordray. After discussing the process of transitioning to new leadership, Mr. Cordray shares his thoughts on how Mr. Uejio and, if confirmed by the Senate, Mr. Chopra, are likely to approach their new leadership roles at the CFPB and their expected priorities.

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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.