Perficient

JANUARY 27, 2021

No one asked for the iPhone. Yet the experience of using it is as much of the design as the product itself. Design today goes far beyond the packaging and the product. How the consumer feels –whether good or bad – while buying and using a product is the design. In Season 1, Episode 2 of the What If? So What? podcast , host Jim Hertzeld interviews Chris Bernard, VP of User Experience and Design at CDK Global and asks “What would happen if we convinced the CEO to embrace design?

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Digital Strategies UX Strategy Chicago 443

Accenture

JANUARY 27, 2021

The global adoption of ISO 20022 is the most far-reaching and widely underestimated development in payments today. It’s not shocking that the transition hasn’t attracted the attention it merits. ISO 20022 is complicated and can seem downright mysterious even to payments specialists. The new standard has also been a long time coming. Some financial institutions….

Payments 341

Payments 341

Perficient

JANUARY 27, 2021

To prepare for the challenges of tomorrow, it is imperative that modern finance leaders are equipped with the knowledge and tools to make informed and sound strategic decisions. Oracle Cloud provides a complete, connected, intelligent, best-in-class solution to analyze various data sets and deliver the key insights needed to drive your business forward.

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Analytics Resources Tools Management 348

PYMNTS

JANUARY 27, 2021

With traditional health premiums soaring and annual deductibles that often reach into five-figures, the financial consequences from having an accident can be ruinous — especially for uber-active adrenalin junkies who tend to wipe out a lot. But that is exactly the type of person that Richmond-based on-demand accident insurer Buddy is looking to serve, by offering up supplemental insurance plans that are super easy to fill out and can take the burn out of crash and burn for as little as $9 per da

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Las Vegas Conference Examples Marketing 287

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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

JANUARY 27, 2021

Companies turning to Microsoft solutions such as Azure and Teams has driven growth for the tech giant at an amazing rate, according to CRN. And, as Perficient Chairman and CEO Jeff Davis shared with CRN, Perficient has been able to help companies significantly in these areas with Microsoft. “Our Microsoft customers have expressed great determination to proceed with projects.

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PYMNTS

JANUARY 27, 2021

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. 26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. The report looks at sales expectations for the coming year, operational changes in the industry, consumer behavior, menu trends, employment statistics and more.

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Industry Report Technology National 264

Payments Source

JANUARY 27, 2021

The application process was a mess in the first rounds of the Paycheck Protection Program. Fintechs say their efforts will make it go smoothly in the latest iteration.

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Fintech 160

PYMNTS

JANUARY 27, 2021

The friction inherent in the basic operations of many healthcare services — from complex payment processing methods to inconsistent appointment management practices — became more salient against the backdrop of the pandemic. Healthcare providers needed to remove the barriers to swift, timely payments and to determine how to keep patients coming into the office or making telehealth appointments, despite the pandemic’s catastrophic impact on in-office healthcare access.

Payments 263

Payments Data Survey Report 263

Payments Source

JANUARY 27, 2021

By holding themselves accountable and following smart standards, organizations will be able to provide consumers with strong security and peace of mind the next time they swap those paper menus for a set of scannable squares on their phone, says Nok Nok's Phil Dunkelberger.

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Security Fraud Payments 134

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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

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. The study found that central banks collectively representing a fifth of the global population will likely issue a general-purpose CBDC by 2024, according to BIS.

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Survey Study Retail cryptocurrency 257

Payments Source

JANUARY 27, 2021

Y-Combinator fintech Stilt has secured a new loan facility from Silicon Valley Bank to diversify its funding sources and expand its lending efforts to immigrants and thin-file borrowers.

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Lending Fintech Security 127

PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. The year 2020 will definitely be etched in our consciousness for a long time to come.

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Innovation Cards eBook Video 255

Bobsguide

JANUARY 27, 2021

This month, the Financial Crimes Enforcement Network (FinCEN) fined Capital One $390m for violating the Bank Secrecy Act (BSA) and failing to comply with regulations – but the firm claims it is committed to tackling money laundering. “Capital One takes its anti-money laundering.

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Capital Regulation 97

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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

PYMNTS

JANUARY 27, 2021

Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according to a press release from the U.S. Department of Justice. Guo presented himself to potential investors as an initial coin offering consultant and promised to perform marketing and publicity services. Instead, he embezzled their cash and cryptocurrency, the release stated.

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Bitcoin California cryptocurrency Fraud 250

Payments Source

JANUARY 27, 2021

B2B cross-border payments provider Currencycloud is partnering with online foreign exchange trading service OANDA to establish an international money transfer network for companies in North America.

America 102

America Online Payments Company 102

PYMNTS

JANUARY 27, 2021

It was supposed to be a record-breaking fiscal year first quarter for Apple and the company did not disappoint. Riding the success of the global connected economy and a better than expected performance from the iPhone 12, the company logged its first $100 billion quarter, with the number reported during its earnings announcement on Wednesday (Jan. 27) coming in at $111.4 billion.

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Apple Regional Comparison Examples 236

BankInovation

JANUARY 27, 2021

The intelligent interpretation and use of debit and credit card program data can provide a pathway to business success. Financial institutions are seeking tools that provide actionable analytics and rapid insights that can lead to the development of meaningful strategies and execution of transformative business decisions. Properly developed, analytics tools should give you quick and […].

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Analytics Tools Cards Strategy 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

PYMNTS

JANUARY 27, 2021

As profound as the digital shift has been, there are still places where the physical experience remains a holdout. Going to the branch still outscores using a bank website, according to PYMNTS’ recent Paradigm Shift report , and consumers would still rather get their messages from their financial institution via an email than via a mobile app. Those outcomes may look surprising at first glance, given the rapid digitization of the world.

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Video Data Meeting Examples 226

BankInovation

JANUARY 27, 2021

Wells Fargo is building out its robotic process automation (RPA) program, if job postings are any indication. A job listing for a robotic automation engineer posted to Wells Fargo’s website says the $1.96 trillion bank is aiming to develop at least 300 automations “in the next couple of years as a part of the Enterprise […].

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PYMNTS

JANUARY 27, 2021

Credit unions (CUs) and other financial institutions (FIs) across the country have made leaps and bounds in their efforts to digitize services in recent years to meet an already-growing consumer demand. The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online.

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New Jersey Connecticut Fraud System 223

MerhantsBanks

JANUARY 27, 2021

Merchants Financial Group, Inc. (MFGI) announced year-end earnings for 2020 with net income of $21,511,521, according to MFGI President & CEO Gregory M. Evans. The earnings exceeded MFGI’s plan for the year by more than $1.9 million and is an increase of 8.8% over 2019 earnings. “Despite the challenges we all encountered in 2020, I […].

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Groups 98

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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

PYMNTS

JANUARY 27, 2021

Stilt , which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank , according to a press release. The company has thus far raised $225 million in total debt facilities for lending to customers, the release stated. In addition, Stilt is rolling out a new checking account offering, which will add to the growing number of new checking accounts with the company.

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Meeting Lending Security Company 215

TheGuardian

JANUARY 27, 2021

Wall Street bank hired 400 staff for Canary Wharf-headquartered digital bank The Wall Street company JP Morgan is to launch a new digital bank in the UK, in a move that threatens to shake up a banking sector still dominated by a handful of high street lenders. JP Morgan has already hired 400 staff for its soon-to-be-launched digital bank, which will be headquartered in Canary Wharf and operate under its consumer brand, Chase.

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Digital Banking Branding Operations Company 95

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example.

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Security Innovation Fraud Study 213

Banking Exchange

JANUARY 27, 2021

Data indicates that global crises like COVID-19 present a ripe environment for spikes in financial crime Compliance Risk Management Compliance Management Compliance/Regulatory AML & Fraud BSA/AML Security Feature3 Feature Covid19.

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Risk Management Compliance Fraud Security 78

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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