Accenture

SEPTEMBER 28, 2020

In my last post, I talked about how the pandemic has pushed banks’ digital transformation efforts to historic heights, according to our latest report, “Driving Value and Values During COVID-19.” Our report also identified four key technology trends shaping the post-COVID future. Today, let’s take a closer look at those and how they can help…. The post The four tech trends for banks to outmaneuver uncertainty appeared first on Accenture Banking Blog.

Trends 373

Trends Technology Report 373

Perficient

SEPTEMBER 28, 2020

This is part 3 of filling the gap in strategy. You can find a general introduction and a deeper dive into insights if you want to catch up. We believe that there tends to be a gap in strategy when a business strategy meets the operational elements. In other words, a beautiful strategy may point you in the right direction, but you typically need a plan on how you will implement the strategy.

Strategy 309

Strategy Tools Operations Customer Experience 309

PYMNTS

SEPTEMBER 28, 2020

As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with the increasing presence of India’s Unified Payments Interface (UPI) and six months of COVID-19 to markedly reduce Indian consumers’ fondness f

Payments 339

Payments Mobile Google Policies 339

Perficient

SEPTEMBER 28, 2020

Integrated marketing campaigns can be challenging to execute, however, when they are done well, these synergies can lead to marketing success. In this episode of the?award-winning?Here’s Why digital marketing video series,?Brian Weiss explains why and how integrated marketing campaigns can be superior to single-channel efforts. ? ? ?. Don’t miss a single episode of Here’s Why.

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Marketing Video Examples Branding 309

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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

South State Correspondent

SEPTEMBER 28, 2020

While lots of banks talk about culture and innovation, few can execute. If you are looking to capture the mindset of what a culturally strong and innovate bank looks like, listen to the 30-minute interview with Jill Castilla, the CEO of Citizens Bank of Edmond. Jill talks about experimentation, marketing, the customer experience, the meetings they have to facilitate culture / new ideas, what they are doing in the age of Covid-19, and what the future looks like for the banking customer.

Customer Experience 370

Customer Experience Innovation Meeting Technology 370

South State Correspondent

SEPTEMBER 28, 2020

Based on our observations, we estimate that somewhere between 20% and 25% of community banks have adopted a policy requiring minimum yield or credit spreads for their newly originated commercial loans. The strategy requiring minimum commercial credit spreads may be well-intentioned, but the results for banks may be less than optimal.

Community Bank 195

Community Bank Policies Community Strategy 195

PYMNTS

SEPTEMBER 28, 2020

Perhaps the greatest indicator of optimism is the willingness to put one’s money where one’s mouth is. That’s especially true for small businesses, where optimism is showing up across any number of metrics. We noted in this space on Monday that initial applications for employee identification numbers (among the initial applications to get businesses up and running) were up at a pace not seen in more than a decade.

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Maine Course Lending Meeting 273

Bobsguide

SEPTEMBER 28, 2020

The recent global crisis has set off a major fraud resurgence. With the world continuing its acceleration towards becoming digital-first, and with everything from work and transactions to entertainment and shopping happening online, potential attack vectors and opportunities are exponentially.

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Fraud Data Online 158

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. It was one of eight such recipients, the report stated. Now, users can download the bank’s mobile app to establish personal bank accounts in as little as three minutes, according to the report.

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Groups Fintech Mobile Report 272

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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

SEPTEMBER 28, 2020

It’s been said that the real troubles in life are apt to be things that never crossed your worried mind – the kind that blindside you at 4 p.m. on some idle Tuesday. The kind like COVID-19, which blindsided not just China … not just the United States … but the entire world, spreading to at least 177 countries. Seemingly overnight, we witnessed the pandemic reorient society – the economy, healthcare, even our lifestyles.

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PYMNTS

SEPTEMBER 28, 2020

J.P. Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts, Reuters reported. The bank is implementing a new self-service "fraud hub," which will let SMBs set alerts for unusually large payments, controlling who can get paid. The bank already has a system in which customers can call and ask for payment controls, but the new hub will supplement that, Reuters reported.

Fraud 266

Fraud Payments Tools Report 266

Payments Source

SEPTEMBER 28, 2020

Amazon.com Inc. is about to test whether consumers who have taken to online shopping in huge numbers during the pandemic will spend even more for deals during the company’s Prime Day sales event.

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Online 130

PYMNTS

SEPTEMBER 28, 2020

Intuit has announced a new integration between its QuickBooks software and Amazon Business to allow small businesses to automate purchase reconciliation, according to a press release. Amazon Business purchases will be automatically integrated into QuickBooks via the integration, and data will be refreshed multiple times per day. The automation includes purchase details, with item descriptions, costs and fee breakdowns added in.

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Lending Software Management Data 247

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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

SEPTEMBER 28, 2020

The legal fight between Apple Inc. and Epic Games Inc. kicks into full gear on Monday with decisions that will influence the future of app stores in the U.S. and how the world’s largest technology platforms make money from developers.

Apple 122

Apple Technology Payments 122

PYMNTS

SEPTEMBER 28, 2020

Pandemic-related fraud attempts continue to climb. In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. Fifty-nine percent of survey respondents agree that phishing emails look more legitimate than ever before.

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Fraud Training California Security 241

BankUnderground

SEPTEMBER 28, 2020

Gerardo Ferrara, Roberto Reno and Maria Flora Financial markets process orders faster now than ever before. However, they remain prone to occasional dysfunction where prices move away from fundamentals. One important type of market fragility is flash events. Identifying such events is crucial to understanding them and their effects.

Marketing 122

Marketing 122

PYMNTS

SEPTEMBER 28, 2020

The myth of Amazon dictates that any move it makes is nearly pre-ordained to end in rousing success for the eCommerce giant, crushing defeat for whatever incumbent force is trying to compete with them and a commerce paradigm left forever altered. The reality of Amazon, however, is a lot more complicated. Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately

Marketing 237

Marketing Survey Online New York 237

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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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Payments Source

SEPTEMBER 28, 2020

It’s about time that we stopped ranking personal data theft on perceived severity. Any breach in which personal data is stolen needs to be treated as highly serious and punishable, says Juniper Networks’ Laurence Pitt.

Data 114

Data Fraud Payments 114

PYMNTS

SEPTEMBER 28, 2020

“ Digital transformation ” has been the buzz phrase for small- to medium-sized businesses ( SMBs ) of all types over the past half-year as they rushed to reorganize their operations end to end amid the pandemic. But Vice President Alex Burgin of Authorize.Net (a Visa solution) told PMYNTS that whether talking to a retailer or restaurateur, every SMB recognizes the need to step up its digital offering for the coming holiday shopping season.

Fraud 236

Fraud Customer Experience Tools Retail 236

Payments Source

SEPTEMBER 28, 2020

Digital financial services proponent Mobey Forum has added the Payments Expert Group, joining other domains pertinent to its mission, such as open banking, artificial intelligence, data security and digital identity.

Payments 106

Payments Groups Security Data 106

PYMNTS

SEPTEMBER 28, 2020

Online car-buying continues its momentum as CarMax , which bills itself as the largest retailer of used cars, has announced the completion of its digital rollout, which the company says gives CarMax the largest addressable market in the used car industry. The company’s digital platform empowers customers to buy a car online , in-store or through a mix of both.

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Online Retail Customer Experience Report 233

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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

ABA Community Banking

SEPTEMBER 28, 2020

With the pandemic lingering like a houseguest who refuses to go home, it’s reassuring to know that we can meet a full range of customers’ needs with the help of online and digital technologies. The post Supporting Our Community with the Help of Technology appeared first on ABA Banking Journal.

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Community Technology Meeting Online 105

PYMNTS

SEPTEMBER 28, 2020

Closing at $10,793 on Sunday (Sept. 27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. The cryptocurrency's previous record was between Dec. 1, 2017, and Jan. 31, 2018, in which the coin was valued at above $10,000 for 62 days straight. At that time, the all-time high was $19,900 on Coinbase after it had surged almost 100 percent in two weeks.

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Bitcoin cryptocurrency Cards Texas 215

Banking Exchange

SEPTEMBER 28, 2020

Government Accountability Office evidence supports calls for streamlined forgiveness process – but time is running out for politicians to act Compliance Feature3 Feature PPP Covid19 The Economy.

Compliance 88

Compliance 88

PYMNTS

SEPTEMBER 28, 2020

Today's business climate is rough. At the height of the pandemic, shutdowns led to many firms closing their doors, and even with restrictions easing, many companies will never recover. The cash flow pressures companies, particularly small- to medium-sized businesses ( SMBs ), are withstanding today are coming from all sides. In addition to forced closures, supply chain disruptions are causing payment bottlenecks, and many invoices are going unpaid.

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social media Capital Fintech Operations 215

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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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