Perficient
DECEMBER 21, 2020
As this year winds down to its conclusion, we start to look ahead. We are compelled to perform retrospectives and see how they measure up to our keys to success. Thinking of this, I am reminded of a keynote speech that I had heard when I was being recognized for achieving the rank of Eagle at a council dinner for the Boy Scouts of America. The Speaker was a successful businessman and an avid pilot.
Accenture
DECEMBER 21, 2020
So far in this blog series we’ve talked about how an outside-in approach to banking can help Australian banks convert the current threats and challenges into opportunities. We believe this bold approach to shaking the status quo will be guided by four key principles: 1. Be married to nothing. 2. Re-establish trust with customers. 3.…. The post Outside-in lens—four key principles for the future of banking appeared first on Accenture Banking Blog.
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Perficient
DECEMBER 21, 2020
Real-time data strategy is on every organization’s roadmap. In the past year, I have spoken to many organizations planning “real-time” data systems. Without fail, those organizations fall into one of two buckets. The Visionaries: Can tell a great story about their target prospect, what they should see, and how they should interact with the brand but struggle to execute on their vision.
PYMNTS
DECEMBER 21, 2020
Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch. Apple hasn't always kept up with it, sometimes drawing back to focus more on the software the company is known for, Reuters reported.
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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
Perficient
DECEMBER 21, 2020
Event driven architecture is creating lot of buzz in the market for all obvious good reasons. If you are building complex business processing applications where the process flows triggers based on an event performed by an action – Event driven style would be a fit. Elasticity , Scalability , Evolutionary and fault tolerance characteristics would lead to recommend event driven architecture style.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
DECEMBER 21, 2020
Need some C# help inside your SXA rendering variant? You’ve come to the right place. This blog post will explain how you can employ the use of a C# helper class in your rendering variant. You should only use this sparingly. If you find yourself overusing C# here, you should consider implementing your component as a custom SXA component rather than an SXA rendering variant.
PYMNTS
DECEMBER 21, 2020
A new survey has revealed the steep plummet the consumer credit market took as the pandemic began, the Federal Reserve Bank of New York reported. The Federal Reserve Bank of New York’s Center for Microeconomic Data released results on Monday (Dec. 21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year.
Accenture
DECEMBER 21, 2020
In this blog – the second in this two-part series – I’ll look at how banks should respond to the shifts happening within trade and supply chain finance due to market forces and COVID-19. In my previous blog, we discussed the upending of supply chains, and saw how the geopolitical landscape and economic fallout from…. The post Global trade’s new normal: how banks can react appeared first on Accenture Banking Blog.
PYMNTS
DECEMBER 21, 2020
Rewards points and programs may spur customers to make purchases, but do they inspire loyalty that lives on after the transaction is made? It was the main question put to a panel of payments and customer-facing professionals who told Karen Webster that the “old” ways of doling out rewards, on a merchant-by-merchant, point-by-point basis — even with thresholds in place before redemption — no longer applies.
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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
Jack Henry
DECEMBER 21, 2020
If you find yourself in Cedar Falls, Iowa, head to First Street and pop into The Music Station. And yes, if you're a Jack Henry customer, you might find yourself in Iowa. After all, Cedar Falls is the birthplace of the Banno Digital Platform. So what is this mysterious gas station? Today, it's just a regular two-pump station in a college town on one of the main streets.
PYMNTS
DECEMBER 21, 2020
PayPal 's Xoom , an international money transfer service, has integrated with NPIL's/NPCI's Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. The release stated using Xoom to send money is easier as the overseas senders only need to know a receiver's UPI identity to send the money, which can happen instantly anytime.
Bobsguide
DECEMBER 21, 2020
As the fintech sector grows almost exponentially, so commensurately do the risks. The pandemic has created new threats, mainly through home working, but others have been mounting steadily for years such as Brexit, tougher regulation, cyber attacks and relentless competition in a sector that is by.
PYMNTS
DECEMBER 21, 2020
Rent-A-Center is acquiring Acima Holdings in a $1.65 billion deal to develop a virtual lease-to-own (LTO) platform. Mitch Fadel , chief executive officer at Rent-A-Center, said in a press release on Monday (Dec. 21) that Acima founder Aaron Allred and his team have created a leading virtual LTO solution for retailers and consumers. “We all share a common vision to expand the virtual LTO offering across a broader set of retail partners and to meet the needs of more customers through an integrated
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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
DECEMBER 21, 2020
Many companies had to pivot sharply in just a month or two. Others were rewarded richly for their earlier investments in digital technology.
PYMNTS
DECEMBER 21, 2020
The pandemic interjected a lot of uncertainty into the world of loyalty and rewards offerings in the last year as consumers' shopping habits realigned and contracted to meet the rarified needs of the moment. Travel offerings and frequent flyer miles, long a mainstay of loyalty offerings, fell out of favor as COVID-19 grounded flights and kept consumers wary of venturing too far from home.
BankUnderground
DECEMBER 21, 2020
Belinda Tracey. As another year draws to an end and the blog prepares for some downtime over the festive period, we wanted to take a look back at the blog in 2020. We published posts on a wide range of topics including the impact of monetary policy on birth rates and on happiness , how speculative buying can drive cryptocurrency prices down, and of course the economic consequences of Covid-19 featured prominently.
PYMNTS
DECEMBER 21, 2020
Walmart shoppers can return merchandise bought through the web that is shipped and sold by Walmart.com without having to leave their residences. Shoppers can now set up a time for a return via the retailer's new Carrier Pickup by FedEx service, which is complimentary and will remain in place after the holiday season, according to a Monday (Dec. 21) blog post.
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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.
Payments Source
DECEMBER 21, 2020
Safaricom Plc. is in negotiations with fund managers, investment banks and insurance companies to partner on a raft of mobile phone-based savings and wealth-management products, Chief Executive Officer Peter Ndegwa said in an interview in Nairobi, Kenya’s capital.
PYMNTS
DECEMBER 21, 2020
JCB , a Japanese card provider, is developing a blockchain B2B payment offering specifically for netting trades between two parties. JCB is teaming with LayerX , a local company, on the offering, Ledger Insights reported. Most companies have a one-way partner relationship, but firms that have two-way trade encompass commodity traders, investment companies and maybe the big Japanese firms.
Bobsguide
DECEMBER 21, 2020
Starling Bank’s latest partnership is a “completely different vertical for us”, says Gareth Towler the bank’s marketplace product analyst. The challenger bank recently added PayPal’s iZettle to its Business Marketplace as part of its new strategy for deeper.
PYMNTS
DECEMBER 21, 2020
Checkout platform Bolt has closed a funding round with $75 million, capping a year where it processed $1 billion in transactions, according to a report by Venture Beat. Bolt also saw a tenfold increase in the size of its shopper network, along with 250,000 added shoppers to its network per month. The round saw the company's valuation hit over $215 million.
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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.
Payments Source
DECEMBER 21, 2020
Data that mimics the original set is part of coronavirus vaccine trials, and also has ramifications for mapping financial services metrics, says Aite's Ginger Schmeltzer.
PYMNTS
DECEMBER 21, 2020
You can see it in the quarterly earnings reports this year of just about every publicly traded company and among the list of companies that have either gone public one way or the other or have filed S-1s because they plan to do so soon. You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market.
Payments Source
DECEMBER 21, 2020
The pandemic has forced Bank of America, Chase, PCSB and other banks to find new ways to maintain connections with their customers and communities.
PYMNTS
DECEMBER 21, 2020
Interactive fitness platform Peloton has inked a deal to acquire Precor , a global fitness equipment provider with a manufacturing presence in the U.S., according to a press release. The deal is worth $420 million and is expected to close in the early part of 2021. With the acquisition, Precor will operate as a business unit within Peloton's umbrella, with President Rob Barker taking on the title of Precor CEO and general manager of Peloton Commercial, reporting to Peloton President William Lync
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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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