Wed.Mar 10, 2021

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[Podcast] WISW Episode 5: What if You Could Deliver Anything as Soon as it Was Valuable?

Perficient

Listen Now! In Episode 5 of the What If? So What? podcast , we interview Jeff Small, Director of Mobile Product Strategy at Perficient about the evolution of digital product management and how organizations can think about digital products as a transformational strategy. Click The Player To Listen to Episode 5 Now. Subscribe and Don’t Miss an Episode.

Strategy 493
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The Biggest Mistakes When Pricing A Fixed Rate Commercial Loan

South State Correspondent

We estimate that approximately 80% of all banks in the country do not have a commercial loan pricing model that adjusts for credit risk, the shape of the yield curve, acquisition costs, maintenance costs, or relationship revenue. However, banks do not need a loan pricing model to eliminate the biggest mistake commonly committed today on commercial loan pricing.

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More ways to easily resolve material changes in Oracle R12 OPM and WMS

Perficient

How do Ingredient Changes occur in Oracle OPM? Oracle Process Manufacturing (OPM) jobs have 3 parts; batch jobs, process operations, and recipe. The Recipe is a list of ingredients for the batch job(s). The warehouse compiles the ingredient materials on the recipe to complete the batch job. The quantities cannot be easily revised once they are physically issued to the batch.

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Arizona group aims to jump-start European-style open banking in U.S.

Payments Source

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.

Arizona 179
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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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Supplier Site Setup for Payables Payments created using REST API

Perficient

Payments REST API and its dependence on Supplier Site setup: Payments REST API is a useful automated way to create payments (partial or full) against open Payables Invoices. Sample REST API Payload to achieve this is shown below. API Name: fscmRestApi/resources/latest/payablesPayments. PayeeSite field on the payload corresponds to the supplier site name that the Payables Invoice belongs to.

Payments 322

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VIDEO: Sitecore Content Hub DAM Admin Training

Perficient

Since Sitecore Content Hub emerged, a lot of content marketers, including myself, wanted to learn more about the new addition to the Sitecore family. The combination of Digital Asset Management (DAM), Product Content Management (PCM), Content Marketing Platform (CMP) and Marketing Resource Management (MRM) tools certainly sounds like a great source of truth.

Video 322
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Chase hires ex-HSBC exec Jeremy Balkin to lead wholesale payments innovation

Payments Source

JPMorgan Chase has hired former HSBC executive Jeremy Balkin as the new head of fintech and innovation for wholesale payments.

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The Senior Executive’s Guide to Site Migrations – Step 4 of 4: Run

Perficient

This video is the fourth in a series of videos designed to help you execute a successful site migration project. If you missed the other videos, watch them now: Step 1: Plan , Step 2: Build , Step 3: Launch. Your new site is finally live after months or years of planning and building. You can relax now, right? Well, take a moment to celebrate, but your work isn’t done yet.

Video 309
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ATMs, Credit Unions: Collaboration Breeds Innovation

ATM Marketplace

Branch transformation, customer experience and avoiding fraud concerns not only banks, but credit unions as well. Andrew Ryan, vice president, FI dealer channel, Hyosung America and Terry Pierce, director, product management, Co-Op Financial Services share insight on ATMs, credit unions and the future for both

ATM 132
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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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OAC Private Access Channel Enables Consolidated Analytics with Data Sources in Different Networks

Perficient

A recently released feature of Oracle Analytics Cloud (OAC) is Private Access Channel (PAC). PAC allows us to connect OAC to private data sources. This means it allows us to connect OAC to databases hosted in private networks, such as on-premises within a corporate network, or on other Clouds, both Oracle and non-Oracle. PAC connects OAC to the private data source via an Oracle Cloud Virtual Cloud Network (VCN).

Analytics 309
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Lessons from Google Wallet pave QRails CEO's path forward

Payments Source

Google bought Brian Brinkley's startup Zavers as part of its mobile wallet strategy. Today he heads QRails, where he's able to apply Google's experiences to a more welcoming market.

Google 119
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Podcast: The Community Bank Cycle of Opportunity

ABA Community Banking

When Gilda Nogueira's family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB. The post Podcast: The Community Bank Cycle of Opportunity appeared first on ABA Banking Journal.

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Robinhood's liquidity freeze shows need for investment payment innovation

Payments Source

Slow settlement on traditional rails can cause dangerous delays in moving funds, says AppBrilliance's C. Eric Smith.

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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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Pandemic Fuels Digital Banking but Millennials Still Want Face-to-Face

Banking Exchange

Most Americans will use digital banking after the Covid-19 pandemic, but younger generations still want face-to-face advice on their finances Retail Banking Financial Trends Feature Human Resources Technology Feature3 Covid19.

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Payoneer debuts digital Mastercard for small businesses

Payments Source

Payoneer is working with Mastercard to offer a new digital card for small businesses, e-commerce sellers and freelancers in the B2B market.

Cards 118
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U.S. Bank’s Richard Weeks to share chatbot use cases at Bank Automation Ignite

BankInovation

Richard Weeks, head of conversational experiences and capabilities at Minneapolis-based U.S. Bank, will discuss new use cases for chatbot development and deployment during the Bank Automation Ignite virtual conference, taking place April 13-14. Weeks will be part of a live panel discussion on Tuesday, April 13, at 2:15 p.m. ET. View the BA Ignite agenda. […].

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HSBC tables company vote on phasing out financing of coal

TheGuardian

Bank’s vote, binding if approved by 75% of shareholders, follows investor pressure to cut clients’ loans HSBC has bowed to investor pressure by ramping up its climate commitments and tabling a shareholder vote on plans to phase out coal financing by 2040. Fifteen pension and investment funds, led by the campaign group ShareAction, have agreed to withdraw their own environment resolution ahead of HSBC’s annual general meeting on 28 May.

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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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How no-code accelerates transformation in banking

BankInovation

In order to remain competitive in today’s fast moving financial landscape, enterprises need to meet rising consumer expectations for on-demand resolutions, increase operational efficiencies via automation, augmentation, and amplification; and keep ahead-or, at least, apace-of an increasingly crowded field that includes traditional players, hungry fintech start-ups, and steady encroachment from big tech.

Meeting 93
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Chopra nomination moves to Senate floor following Banking Committee tied vote

CFPB Monitor

The vote in the Senate Banking Committee today on Rohit Chopra’s nomination to serve as CFPB Director resulted in a 12-12 tie. The tied vote means that the nomination now moves to the Senate floor without a recommendation by the Senate Banking Committee. Nevertheless, the full Senate is expected to confirm the nomination, with Vice-President Harris casting the deciding vote if there is a 50-50 tie.

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With $220M Series F, WorkFusion looks to expand tech

BankInovation

Intelligent automation company WorkFusion will use its freshly raised $220 million to expand its research and development into cloud-based automation, artificial intelligence (AI) and no-code solutions. The company’s $220 million Series F funding round announced Tuesday was led by Georgian, a Toronto-based fintech investment firm. Previously, WorkFusion had raised $121.3 million in six funding rounds, […].

Fintech 89
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The many paths fintechs are taking to banking’s mainstream

American Banker

Square, LendingClub and SoFi are among the upstarts that once positioned themselves as outsiders but now seek to challenge banks more directly. Here's how they're doing it.

Fintech 88
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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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Nok Nok, Netcetera partner on PSD2 authentication tools

Payments Source

Nok Nok Labs and digital payments provider Netcetera are teaming up to deliver customer authentication technology to merchants and payments providers to comply with PSD2 and 3D-Secure e-commerce protocols.

Tools 73
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House members receptive to extending PPP deadline

American Banker

Legislators expressed concerns that thousands of pending applications are stuck in limbo just weeks before the Small Business Administration is legally required to stop accepting them.

Lending 85
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Capital One and Forter combine fraud prevention tools to reduce false declines

Payments Source

Forter is strengthening its e-commerce fraud protection service by integrating its authorization tool with a Capital One decisioning data product that will provide merchants with a direct connection to issuing banks to share Forter insights.

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UK homebuyers offered first 40-year fixed-rate mortgage

TheGuardian

Habito will let borrowers with a 10% deposit pay loan back at 5.55% over up to four decades Borrowers are being given the chance to lock their mortgage repayments at the same level for up to 40 years with the launch of the longest fixed-rate deal on the market. The lender Habito plans to launch a range of mortgages for borrowers with a 10% deposit that offers fixed-rate terms of up to four decades.

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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.