Perficient
SEPTEMBER 24, 2020
Our partner Coveo recently announced its Coveo MVP (Most Valuable Professional) Program to provide formal recognition to those who have shared time, energy and thought leadership in order to contribute to their customers’ success deploying Coveo solutions. One of the 16 professionals being honored is Perficient’s Director of Intelligent Search Eric Immermann.
PYMNTS
SEPTEMBER 24, 2020
Amid the myriad challenges of 2020 — the pandemic, the wildfires, the hurricanes, the social unrest — the silver lining might be that firms of all sizes have learned to pivot, to serve their end customers in nimble ways. In an interview with Karen Webster, John Rainey , chief financial officer and executive vice president of global customer operations at PayPal , noted that CFOs (including himself) have learned to pivot, too, with ground-level, tech-driven insights that move well beyond simply t
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Accenture
SEPTEMBER 24, 2020
Despite the popularity of cloud native development, the mainframe remains a core and valuable enterprise technology for many banks. Mainframe’s proven resilience and ability to handle the exceptional volumes associated with core banking processes are especially crucial for the financial services industry but other industries also rely on the mainframe to run their core business.
PYMNTS
SEPTEMBER 24, 2020
Corporate buyers need to be able to pay their vendors quickly and easily, especially during a pandemic that has caused many employees to work from home, making paper checks and manual processes especially inconvenient. Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions.
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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
SEPTEMBER 24, 2020
The CMS Final Rule has caused a lot of debate among the interoperability team at Perficient. It’s one of the first times payer or health insurers have had to react to these types of rules. The way they treat the data and the location of all the data makes this a different ball game than what you have to follow if you were a hospital. That means that while the basic rules understanding remains the same, the solutions you consider are actually quite different.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
SEPTEMBER 24, 2020
As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.
PYMNTS
SEPTEMBER 24, 2020
As the U.K.’s lockdown measures were lifted, consumers went out shopping for various products, including home-related goods like sofas. As a result, U.K. retail sales grew in September at their fastest rate in 18 months, Yahoo! Finance reported. The Confederation of British Industry ’s (CBI) latest monthly Distributive Trades Survey pointed to grocery stores as a big contributor to sales growth.
Payments Source
SEPTEMBER 24, 2020
The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation.
PYMNTS
SEPTEMBER 24, 2020
The connected car is fast becoming the transactional car. New moves from automakers and credit card companies are pushing vehicle commerce — or v-commerce — forward with new data showing it could reach critical mass by the end of the decade. According to new research from Ptolemus Consulting Group , 600 million vehicles will generate in-car transactions of $500 billion by the end of the decade.
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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
Bobsguide
SEPTEMBER 24, 2020
Insurers are embracing technology as the pandemic continues to disrupt the industry, but interest in partnerships does not yield immediate implementation.
PYMNTS
SEPTEMBER 24, 2020
The number of Americans who filed for jobless claims increased last week, higher than analysts' predictions, another sign that the nation’s recovery is uneven. For the week ending Sept. 19, the advance figure for seasonally adjusted initial claims was 870,000, up 4,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 860,000 to 866,000, the U.S.
Bobsguide
SEPTEMBER 24, 2020
The pandemic and upcoming negotiations around Brexit are causing unprecedented uncertainty for fintech market participants, but many are still seeking to expand internationally, according to research conducted by Newfound, seen by bobsguide. The study – which was produced in July and.
PYMNTS
SEPTEMBER 24, 2020
At a high level, the same consumers whose day jobs are to manage a company’s payments and financial controls have become accustomed to the seamless and highly personalized commerce opportunities that are available in their daily lives. The consumerization of B2B payments is taking its cue from contextual commerce. And as Lisa Shields , founder and CEO of FISPAN , told Karen Webster in a recent PYMNTS TV conversation, embedding banking products and services within enterprise resource planning (ER
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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
SEPTEMBER 24, 2020
Petal, the credit card aimed at millennials and others with limited credit histories, has raised $55 million in a Series C as main street banks pull back on credit during the COVID-19 crisis.
PYMNTS
SEPTEMBER 24, 2020
In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. Plus, FIS has partnered with The Clearing House (TCH) on real-time payments (RTP). Cloud Payment Processor Volante Teams With Goldman Sachs On Digital Transaction Banking.
Payments Source
SEPTEMBER 24, 2020
Atlanta-based fintech Greenlight has raised $215 million in a Series C round and announced that it has achieved a valuation of $1.2 billion, giving it unicorn status.
PYMNTS
SEPTEMBER 24, 2020
Remittances are a lifeline for many individuals around the world, with workers overseas in developed countries frequently sending money back home to support families in emerging economies. These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. .
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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.
Matt Wilcox Pro
SEPTEMBER 24, 2020
It has become something of a journalistic fad for reporters to invite hackers to, well, hack them. Without exception, they emerge shaken by two observations: Just how vulnerable they are; and just how much sensitive data they’d forgotten about that awaited discovery. TIME reporter Joel Stein is one of the latest to give it a […].
PYMNTS
SEPTEMBER 24, 2020
Bank of America’s CEO said while the broad-based economy has rebounded with 92 percent of Americans employed, he is concerned about the rest who are not. “The unemployment rate is still over 8 percent and that’s not healthy for the American economy,” Brian Moynihan told CNBC’s “ Squawk on the Street ” Thursday (Sept. 24). “If this thing goes on longer, the question is: Will it become more permanent?
BankDeals
SEPTEMBER 24, 2020
E-Central Credit Union (Southern California) currently offers a very competitive rate on its 60-month CD. Minimum opening deposit is $1k. Also available as an IRA.
PYMNTS
SEPTEMBER 24, 2020
Call it “home connectivity beyond the home.”. eCommerce giant Amazon announced new details this week about Amazon Sidewalk, its bid to create a distributed (localized) IoT network. Amazon announced plans for Sidewalk last year, and the company said in this week’s update that it is now set to launch the initiative at some point in 2020. In terms of mechanics, Sidewalk will use consumers’ in-home Wi-Fi bandwidth to connect devices across long distances (as great as half a mile).
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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
SEPTEMBER 24, 2020
Deployments are much easier now, though some businesses still have memories of the complicated old days, says Nvoicepay's Doug Seaberg.
PYMNTS
SEPTEMBER 24, 2020
The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. PYMNTS’ recent Leveraging The Digital Banking Shift Report found that 46 percent of bank customers have used digital banking services more often than before the pandemic began, with 74 percent of recent online users planning to stick with these services once the pandemic has ended.
BankBazaar
SEPTEMBER 24, 2020
Savings Accounts may be abounding, but not all of them are suited to your needs. So, how do you zero-in on an account that is perfect for you when they all look the same? Let’s find out. With a plethora of Savings Accounts available in the market, most of which look pretty much the same, it might be difficult for you to zero-in on an account that is best suited to your needs.
PYMNTS
SEPTEMBER 24, 2020
When the Paycheck Protection Program ( PPP ) rolled out in the U.S., smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. In the wake of the PPP initiative, small businesses told researchers that they expected to switch their banking provider to one that had been able to pull through with efficient, fast funds.
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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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