Perficient

JANUARY 28, 2021

This article was co-written by Iman Watson, senior solutions architect, and Kailey Hughes, lead development representative. As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

Data 535

Data Security Software Community 535

PYMNTS

JANUARY 28, 2021

By the numbers, convenience stores are America’s gas stations. They account for 63.7 percent of all gasoline sold in the country, and 80 percent of them combine the food staples they’re well known for with the pumps for the business they’ve come to dominate. But the simplicity ends there. For convenience store chains and independents, fuel is a razor-thin business.

Course 311

Course Data Mobile Cards 311

Perficient

JANUARY 28, 2021

Ecommerce sales have consistently seen growth in the last few years. This has been especially true during this past year of unprecedented times. Businesses had to quickly adapt to enabling online stores and driving more sales online. The assessment is that the pandemic accelerated the ecommerce growth in the US by nearly 2 years. This has certainly been the trend across the globe as well.

Management 458

Management System Online Customer Experience 458

PYMNTS

JANUARY 28, 2021

In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. They have provided critical support for those developing markets during the pandemic and will continue their importance after the pandemic is in the rearview mirror, a report by Oxford Economics , commissioned by Western Union , has found.

Innovation 294

Innovation Marketing National Report 294

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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 28, 2021

According to the IDC’s Worldwide Artificial Intelligence Spending Guide , implementing AI has become a necessity for businesses to become more agile, innovate, and scale. And it appears that more companies are coming to terms with this as global spending is expected to reach more than $110 billion by 2024. In season 1 episode 3 of the Intelligent Data Podcast , host Arvind Murali and his guest Christine Livingston, Perficient’s Managing Director and Chief Strategist of AI , discuss trends in AI,

Data 340

Data Big Data Training Trends 340

Perficient

JANUARY 28, 2021

Manufacturing is the process of making an item to sell. Within manufacturing, there are several different manufacturing types and sub-types. So, how do you know what type of manufacturing environment your company is using? In this post, we will review the three main manufacturing types and the key terminology that goes with each one. The three main manufacturing types are: Discrete.

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Maine Examples Operations Groups 332

PYMNTS

JANUARY 28, 2021

Digital assets are no longer a futuristic pipe dream in modern economy. With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way.

cryptocurrency 212

cryptocurrency Management Leadership Tools 212

Perficient

JANUARY 28, 2021

Did you notice that accounts defined outside the balance sheet hierarchy has started to roll forward since Nov close ? That’s because of the previously communicated 20.11 upgrade feature that extends account scope of translation and consolidation. Since you have certain customization needs and you wish to not have these accounts to roll forward outside the balance sheet hierarchy, you can set up a new variable called “ExtendAccountScope” and set the value to “FalseR

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PYMNTS

JANUARY 28, 2021

It is well known that shoppers tend to behave differently online than they do in brick-and-mortar stores — and this extends to how they choose to pay at checkout. One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. What’s more remarkable is the resistance to using debit online even though debit use overall has been growing during the pandemic — a phenomenon attributed to the economic anxieties and budgetar

Cards 210

Cards Online Security Data 210

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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

Perficient

JANUARY 28, 2021

If you are reading this article I assume you have asked Mr. Google to find a best practice. What you will see is the Top 5 or 7 or 10 best practices for this year or last year or any year. These articles contain many valid ideas and data points that should all be reviewed and considered for your operation but what does it mean to you? The phrase Best Practice has a very subjective definition and all of us look for an answer that fits our business methodology.

System 322

System Operations Analysis Management 322

PYMNTS

JANUARY 28, 2021

Nonprofits are seeing unprecedented increases in demand for their services as consumers grapple with the effects of the pandemic. Generating the funds to pay for their operations often requires novel strategies, however, as most of these organizations can no longer hold in-person galas and other fundraising events. Sustaining important charitable work may therefore require creative fundraising approaches as well as the adoption of new digital tools and techniques to accept and encourage donation

social media 199

social media Payments Tools Report 199

Perficient

JANUARY 28, 2021

Reports. While Most of the people are happy with the current solutions provided by MicroStrategy there are still many who are looking for better solutions that can work in a better manner with their current infrastructure and can help with the largely growing data of the organization. “ Expect epic ” was one of the tag lines at the MicroStrategy world 2020 while another tagline was “ Smarter Stronger Faster ” which meant on making data driven decisions in a better way.

Cards 309

Cards Data US Analysis 309

PYMNTS

JANUARY 28, 2021

There’s no denying that consumers of all ages are increasingly comfortable shopping online, but when it comes to younger, digitally native customers, it turns out they’re also increasingly comfortable selling online, too. So, if you were to take that basic ease with eCommerce , add in a layer of conservation, and then top it off with a slathering of old-fashioned savings, you’d have a unique marketplace that allows Generation Z shoppers to simultaneously fill — and empty — their closets.

Strategy 192

Strategy Branding Mississippi Comparison 192

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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

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14. Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model.

FDIC 131

FDIC Community Lending Survey 131

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. It will likely alter global markets and regulations as the financial ecosystem becomes more digitized.

Innovation 187

Innovation Millennials Payments Mobile 187

Payments Source

JANUARY 28, 2021

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through.

Technology 130

Technology Company cryptocurrency 130

PYMNTS

JANUARY 28, 2021

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. The January 2021 Global Digital Shopping Index: United Kingdom Edition is based on a survey of more than 2,000 consumers and 560 merchants in the U.K. Among important findings of the new study is this: “The U.K. stands out in our study for the scale of its digital shopping shift: 54 percent of U.K. consumers now prefer who

Meeting 176

Meeting Study United States Online 176

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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.

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SWBC's LenderHub

JANUARY 28, 2021

We live in a fast-paced world. Feeling hungry? Press a few buttons on a screen, and you’ll have food in less than an hour. Planning a vacation? You can research destinations, check the weather anywhere in the world, schedule a flight, and order an Uber to take you to the airport—all without leaving your couch.

Payments 97

Payments Technology 97

PYMNTS

JANUARY 28, 2021

Starship has raised $17 million to keep working on autonomous deliveries, a post on Medium from the company says. The company has also added two new service campuses, UCLA and Bridgewater State University in Massachusetts. With the new funding, Starship now boasts $102 million in funding to date. The company also recently reached a milestone of 1 million autonomous deliveries.

Arizona 171

Arizona Mississippi Ohio Massachusetts 171

BankInovation

JANUARY 28, 2021

The path to Paycheck Protection Program (PPP) automation has varied among financial institutions, with some automating the entire loan process and others focusing on automating certain parts of the process. PPP Automation: The use of robotic process automation (RPA), data management platforms, lending platforms and other technology tools to automate all or part of the […].

How To 98

How To Lending Tools Data 98

PYMNTS

JANUARY 28, 2021

New York Gov. Andrew Cuomo has lifted COVID-19 restrictions, although the emergence of more contagious strains could put a stop to that, CNBC writes. The holiday surge from Christmas and New Years appears to be done with, peaking on Jan. 4 when the positivity rate in New York hit 8 percent across the state. Now, the figure is sitting at around 5.6 percent.

New York 165

New York New York City Michigan Washington 165

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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.

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BankInovation

JANUARY 28, 2021

Bank Automation News breaks down automation-specific job postings by the nation’s biggest banks to glean current growth strategies for bank automation. JPMorgan Chase Bank N.A. is seeking to boost its bench strength within the asset and wealth management division, according to a recent job posting on the company’s website. The $3.4 trillion bank is looking […].

Strategy 97

Strategy Management 97

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. Beyond the fact that many institutions are decades — or even centuries — old, with long-lasting customer relationships and brand awareness, traditional financial institutions also hold key data on their business customers that is vital to their underwriting and decision makin

Lending 164

Lending Fintech Operations Software 164

CFPB Monitor

JANUARY 28, 2021

In Part II of our two-part podcast, we look at the recommendations in the Taskforce’s report concerning the use of principles-based (rather than prescriptive) regulations and CFPB licensing of non-depository institutions providing lending, money transmission or payment services. We share our reactions to the recommendations, consider their practical implications for the industry, and discuss how the CFPB under new leadership may react to the Taskforce’s report.

Leadership 78

Leadership Lending Regulation Groups 78

PYMNTS

JANUARY 28, 2021

Squarespace announced that it had applied for a confidential registration to go public with the Securities and Exchanges Commission (SEC), a release says. The brief press release doesn't constitute an offer to sell and doesn't mean there's any offer to buy securities on the table. Squarespace was reported to be seeking a $400 million credit line in 2019, PYMNTS reported, which generally means that the company is preparing to go public.

social media 160

social media Branding Security Online 160

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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