Perficient

MARCH 17, 2021

Nearshore software development empowers companies across all industries to accelerate digital initiatives while reducing cost. Time zone compatibility, real-time communication, availability of skilled teams, and cultural alignment are some of the most cited benefits of working with nearshore partners. However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information an

Software 508

Software Regulation Industry United States 508

Payments Source

MARCH 17, 2021

By merging with FTAC Olympus Acquisition Corp. and entering a B2B partnership with Mastercard, Payoneer is grabbing for a bigger share of the spotlight. ]].

Payments 208

Payments 208

Perficient

MARCH 17, 2021

One of the most common questions asked for new OneStream users is “How can I setup and use the OneStream Excel Add-In?” This two-part guide will serve as a resource that OneStream users can utilize to quickly install, log in, and benefit from the handy features within the OneStream Excel Add-In. The OneStream Excel Add-In is an Excel COM add-in that can be used for tasks such as entering data, opening Cube Views, and performing ad hoc analysis.

How To 340

How To Examples Analysis Resources 340

Payments Source

MARCH 17, 2021

Despite digital payment advancements and the availability of mobile wallets in most countries, cash remains a prominent payment form — especially in Romania, where 78% of transactions are still made with cash. ]].

Mobile 149

Mobile Payments 149

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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

Perficient

MARCH 17, 2021

This is the fifth in a series of blog posts sharing the results of our study on the business value of experience design. In this post, we explore the value of innovation: Bringing diverse and fresh ideas and perspectives to help the organization think differently, differentiate and future-proof its investments. Sometimes you need to build a simple web page to let people know that your café is open for business and see what’s on your menu.

Innovation 340

Innovation Exercises Tools Study 340

Perficient

MARCH 17, 2021

Cycle Counting is an organized division of a warehouse into manageable chunks. Regular counts are required for each “chunk.” These “chunks” can be a range of items and/or warehouse locations. To inspire an optimal use of Cycle Counts, you must employ several strategies. We will explore opportunistic and scheduled counts. We will also go into Blind vs.

How To 309

How To Strategy System Compliance 309

Payments Source

MARCH 17, 2021

As the fintech industry matures and takes stock of how it has disrupted the banking industry for good, it’s critical we continue placing value on specialization to create a better, customer centric experience for all, says Moorwand's Luc Gueriane. ]].

Fintech 103

Fintech Payments Industry 103

Bobsguide

MARCH 17, 2021

As the pandemic continues to drive digitalisation across industries, the benefits of adopting an integrated approach are recognised more than ever by risk managers. Whilst digital transformation combats former manual burdens, streamlining processes not only presents a compliance advantage but also.

Compliance 88

Compliance System Risk Management Industry 88

BankInovation

MARCH 17, 2021

Ben Maxim, assistant vice president of digital strategy and innovation at MSU Federal Credit Union, will share how banks can create personalized digital experiences at the Bank Automation Ignite event, which takes place April 13-14. View the BA Ignite agenda. Intelligent automation combines artificial intelligence (AI) with robot process automation (RPA).

Digital Strategies 98

Digital Strategies Strategy Innovation 98

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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

FICO

MARCH 17, 2021

Trade-based money laundering (TBML) is a growing risk, as seemingly legitimate transactions are exploited by criminal groups to launder funds and finance terrorist activity. In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends. However to set a context, we must first answer the question – what is trade-based money laundering?

Study 98

Study United States Groups Trends 98

BankInovation

MARCH 17, 2021

An increased demand for digitization and automation of legacy processes is leading banks to utilize more robotic process automation (RPA) solutions, with customers seeking scalable bots that go beyond mundane desktop-based work. Fourteen RPA software providers, including major players like UiPath, Automation Anywhere, Microsoft and WorkFusion, were analyzed in “The Forrester Wave: Robotic Process Automation […].

Software 98

Software 98

Payments Source

MARCH 17, 2021

The scrutiny on installment lenders could prompt them to fine-tune their offerings and diversify into new markets. ]].

Innovation 102

Innovation Marketing Compliance 102

BankInovation

MARCH 17, 2021

Legacy systems are one of the financial industry’s top three barriers to automation. That’s why digital banks, which are unencumbered by legacy applications, are often able to do what larger banks can’t — and at a faster pace. In this podcast, Charlie Newark French, chief operating officer for the automation fintech Hyperscience, discusses with Bank […].

Operations 93

Operations Fintech Digital Banking System 93

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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

American Banker

MARCH 17, 2021

The IRS, FDIC and more than 70 banks and credit unions are urging consumers to open affordable accounts so they can receive their Economic Impact Payments quickly and safely. Many people have signed up, but millions lack accounts and will be harder to serve. ]].

FDIC 100

FDIC Payments 100

Banking Exchange

MARCH 17, 2021

Fraud attempts rose last year, but some banks are still not taking all the precautions they could Risk Management Consumer Compliance Cyberfraud/ID Theft Compliance/Regulatory Security Feature3 Feature Payments.

Fraud 78

Fraud How To Risk Management Compliance 78

CFPB Monitor

MARCH 17, 2021

On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. In accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FDIC is calling on its supervised institutions with 100 or more employees to submit voluntary self-assessments of their diversity policies and practices.

FDIC 78

FDIC CA Policies Compliance 78

BankDeals

MARCH 17, 2021

Michigan State University Federal Credit Union (easy membership) has raised the rates on its 4-year and 5-year Jumbo CDs ($100k minimum deposit). Also as Jumbo IRA CDs.

Michigan 91

Michigan 91

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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.

US

Banking Exchange

MARCH 17, 2021

The national body’s chief executive has expressed pride with how the sector has responded to Covid-19 Community Banking Feature3 Feature The Economy PPP Covid19.

Community Bank 78

Community Bank Community National 78

Payments Source

MARCH 17, 2021

Early wage access and automated savings tools are just two areas where banks can gaiBanks have a chance to fill the payment tech gap. ]].

Payments 79

Payments Tools Fintech 79

American Banker

MARCH 17, 2021

A new study from Black Kite outlines a variety of threats facing the industry and pinpoints the average cost of a breach at large and small institutions alike. ]].

Report 87

Report Study Industry Cyber Security 87

Payments Source

MARCH 17, 2021

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech. ]].

Fintech 64

Fintech Groups Financial Technology Innovation 64

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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

American Banker

MARCH 17, 2021

The State Department has added 14 Chinese lawmakers, including a member of the Communist Party’s ruling Politburo, to a blacklist under the Hong Kong Autonomy Act. Banks face sanctions if they do business with them. ]].

Compliance 79

Compliance 79

Payments Source

MARCH 17, 2021

Technology safety assessor UL will test EMV specifications on consumer mobile devices as part of standards body EMVCo's early adopter program. ]].

Mobile 65

Mobile Payments Technology Compliance 65

American Banker

MARCH 17, 2021

First Internet CEO David Becker used to be dismissive of the Small Business Administration. But after getting to know some of the borrowers during the pandemic — and after his bank collected hefty fees from selling 7(a) loans — he's become a convert. ]].

Community Bank 77

Community Bank Community Strategy Lending 77

ABA Community Banking

MARCH 17, 2021

In this episode, podcast co-hosts Evan Sparks and Monica C. Meinert review highlights from the ABA's just-concluded virtual Washington Summit. If you missed the Summit, tune in for insight and analysis on the past few days, and if you watched the virtual event, revisit all the highlights in just 20 minutes. The post Podcast: Highlights from the 2021 ABA Washington Summit appeared first on ABA Banking Journal.

Washington 59

Washington Analysis Community Bank Policies 59

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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.

Lending