Perficient

MARCH 11, 2021

Covid-19 transformed customer expectations and forced businesses to pivot and renovate their digital landscapes. The goal: offer customers a smooth digital experience. According to Forbes and Twilio : Covid-19 sped up digital transformations by six years. 97% of executives say the pandemic sped up their digital transformation. 95% of executives say they’re looking for new ways to engage customers. 79% of executives say Covid-19 increased budgets for digital transformation.

Industry 383

Industry Branding Innovation Marketing 383

Accenture

MARCH 11, 2021

Key themes Purchase volume continued to show signs of recovery as all issuers reported QoQ growth in spend and some had YoY growth; Alliance Data posted the strongest QoQ growth of ~25%, likely as a result of easing retail lockdown restrictions. Receivables growth was modest over last quarter but still down significantly YoY; many issuers…. The post Q4 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.

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US Cards Retail Data 260

Perficient

MARCH 11, 2021

Bigdata solution is a field to process data from disparate sources, store the data, and perform analysis to get a meaningful and measurable action from the data. The benefits from big data processing provide a variety of insights, bring values to the organization. . Understand your data. . Determine intelligent actions. . Valuable decision-making. .

Big Data 332

Big Data Data Analytics Analysis 332

Accenture

MARCH 11, 2021

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. It’s time to turn to the situation facing banks in the third of our three segments – Restructure to Survive. As the name suggests, they are in the least enviable position to emerge post-pandemic as viable businesses. Adapt….

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How To Marketing System Analytics 231

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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

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Perficient

MARCH 11, 2021

Why Understanding and Accommodating Human Behavior Can Lead to Outstanding Digital Experiences. When I first started working on website projects on the Sitecore platform, it felt like every other day I was discovering a new capability. I don’t know how many times in the first few months I thought to myself, “Cool! We can do THAT???” And now, four years later, I get the same thrill with each new version of Sitecore that is released.

Strategy 309

Strategy Study Examples Marketing 309

Perficient

MARCH 11, 2021

In a recent episode of Becker’s Healthcare Podcast, Paul Griffiths , General Manager of Digital Health Solutions, joins Brian Zimmerman, Custom Content Editor with Becker’s Hospital Review. Gain insights on: Why placing an emphasis on revenue recovery is often shortsighted. Who owns the patient experience in a health system. Why cross-functional perspectives have become more important in healthcare business and finance decisions.

Management 309

Management System Technology Customer Experience 309

Abrigo

MARCH 11, 2021

Notice provides information about illicit finance risks related to trade in antiquities and art Many financial institutions, particularly those without an international footprint, are not familiar with these channels of money laundering. Would you like other articles like this in your inbox? Takeaway 1 FinCEN issued a notice relating to trade in antiques and art that could be a vessel for money laundering. .

Training 195

Training Regulation Video Fraud 195

Perficient

MARCH 11, 2021

At Apple’s 2020 Worldwide Developer’s Conference, Apple debuted “Sign in with Apple”, a new feature that allows users to sign in to apps and websites that use this feature, using an Apple ID. This significantly improves the end-user experience by simplifying the sign in process. Cumbersome tasks, like email verifications with registering an account, have been eliminated allowing users to access content across a variety of apps without manually providing personal information.

User Experience 294

User Experience Apple Security Conference 294

Payments Source

MARCH 11, 2021

Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic.

Fraud 174

Fraud Payments 174

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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

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Jack Henry

MARCH 11, 2021

When the COVID-19 pandemic blindsided the world last year, the vitality of cash flow for all US companies was suddenly called into question. While the Paycheck Protection Program (PPP), now in its second round, is being offered by the government through the end of March to help smaller businesses, these funds will only temporarily fill the payroll gap.

US 113

US Company Lending 113

Payments Source

MARCH 11, 2021

Sen. Dick Durbin, D-Ill., went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures.

Branding 158

Branding Cards Washington Compliance 158

Bobsguide

MARCH 11, 2021

The Bank of England (BoE) reiterated its ambition to introduce a Central Bank Digital Currency (CBDC) to improve the payment landscape’s resilience, at an Association of Corporate Treasurers (ACT) conference last month. “There's been a gradual privatisation in recent years and.

Management 103

Management Conference Payments 103

Payments Source

MARCH 11, 2021

Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

Regulation 150

Regulation Payments System Company 150

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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

Bobsguide

MARCH 11, 2021

September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse. Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded.

Regulation 88

Regulation 88

Payments Source

MARCH 11, 2021

EPI could potentially provide a bedrock for future European payments innovation. It arguably does not go far enough, says Icon Solutions' Michel Vaja.

Payments 147

Payments Innovation 147

SWBC's LenderHub

MARCH 11, 2021

Making the decision to outsource some or all of your financial institution's collections work is no easy task. Even when you recognize that your internal staff does not have the time, resources, or ability to efficiently keep delinquencies low, it can still be difficult to trust a vendor, particularly in this era of data breaches and regulatory scrutiny.

Compliance 88

Compliance Resources Data Regulation 88

BankInovation

MARCH 11, 2021

Dutch multinational bank ING and automation technology provider Flowcast announced Monday they are piloting a new platform that would automate loan assessment to identify potential defaults. As part of the partnership, ING also will invest $3 million in the fintech startup. The pilot platform will leverage artificial intelligence (AI) to continuously evaluate transaction-level data, essentially […].

Fintech 98

Fintech Data Technology Lending 98

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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

Payments Source

MARCH 11, 2021

The e-commerce giant's Amazon One palm-scanning can enroll consumers for building access and other use cases that require an ID.

Retail 105

Retail 105

CFPB Monitor

MARCH 11, 2021

We are joined by Ena Koukourinis, Senior Counsel in the Bureau’s Office of Fair Lending and Equal Opportunity, and Frank Vespa-Papaleo, the Office’s Deputy Director. We discuss the statement’s background and goals, the fair lending and UDAAP concerns the statement seeks to address, key aspects of the guidance it provides, and Bureau resources available to industry concerning LEP consumers.

Lending 78

Lending Resources Groups Industry 78

ABA Community Banking

MARCH 11, 2021

The banking industry can be proud of how it stepped up—virtually overnight—to keep society moving in the face of perilous uncertainty. The post COVID-19 Turns One: Lessons Learned from a Global Health Crisis appeared first on ABA Banking Journal.

Industry 88

Industry Community Bank Policies Digital Banking 88

American Banker

MARCH 11, 2021

The social media platform skews toward a more youthful demographic, while credit unions' average member age has been stuck in the late 40s for decades. But even institutions that use it have concerns about security.

social media 93

social media Security Marketing Strategy 93

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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

TheGuardian

MARCH 11, 2021

I had my marriage certificate to prove it was me, but the bank wouldn’t accept it I got married in 2018 but have mostly kept my maiden name, which still appears on my passport. However, I occasionally receive cheques in my married name. I recently tried to pay one in to my Barclays account and took my marriage certificate to a branch to prove it was me, but it insisted on changing the name on the account.

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American Banker

MARCH 11, 2021

The company is anticipating at least $175 million in losses in 2021, but its recent acquisition of Radius Bancorp will reduce funding costs and allow it to develop a full gamut of banking products that its CEO says will eventually yield big profits.

Company 85

Company Digital Banking 85

BankInovation

MARCH 11, 2021

Bank Automation News breaks down automation-specific job postings by the nation’s biggest banks to glean current growth strategies for the bank and automation. Two recent job postings at the Charlotte, N.C.-based Truist Financial suggest the bank is building out its intelligent automation team. The $509 billion bank is hiring a product manager and product owner […].

Charlotte 64

Charlotte Strategy Management 64

American Banker

MARCH 11, 2021

Cheese, a new challenger bank aimed at Asian Americans and immigrants to the U.S., has established a fund to support groups that serve communities affected by racist attacks and economic hardship during the pandemic.

Community 83

Community Groups 83

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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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