Wed.Jul 15, 2020

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Perficient’s Cloud Modern Data Platform Approach – Customer Journey & Capabilities

Perficient

Various Enterprise clients across different verticals like Healthcare, High tech, Financial Services, Retail, Manufacturing, and Supply Chain etc. can leverage the Modern Data Platform approach. Marry in people, process and technology and you have Producers and Consumers with a great value add. This Digital Transformation approach will help enterprises looking to re-platform, helping various Line of Businesses embark on the journey for Self Service Analytics, Modern fully managed Data Platform s

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Things worth reading: 16th July 2020

Chris Skinner

Things we’re reading today include … Bank of England teams up with Beano comic to boost financial literacy Banks set aside billions of dollars in expectation of massive losses as consumers default on loans How banks are trying to capture the green transition Banks propose ‘student loans style’ scheme to … The post Things worth reading: 16th July 2020 appeared first on Chris Skinner's blog.

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IBM Planning Analytics with Cloud Pak for Data

Perficient

What is IBM Planning Analytics with Cloud Pak for Data? IBM offers Planning Analytics for on-premise and on the IBM Cloud; why have they added IBM Planning Analytics on Cloud Pak for Data? We will cover this question with the following explanations: Why IBM Planning Analytics? What is IBM Cloud Pak for Data? How does Planning Analytics fit with Cloud Pak for Data?

Analytics 340
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Five examples of open data as a force for good during COVID-19

Accenture

In my last post, I talked about why open data has a pivotal role to play in the unprecedented times COVID-19 has brought upon us. Now I want to highlight some of the ways it has already been a force for good. Given the power of open data technologies and the speed at which fintech…. The post Five examples of open data as a force for good during COVID-19 appeared first on Accenture Banking Blog.

Examples 221
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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New Add to OneDrive feature coming to a tenant near you!

Perficient

With the latest announcement of the Add to OneDrive feature rolling out for public preview, this will carry over into SharePoint and Teams to give you the same look and feel as within OneDrive. Today we’ll quickly highlight what the “Add to OneDrive” feature is and how you can start using it! What is the Add to OneDrive feature? In its simplest form, the “Add to OneDrive” feature is used to add shared folders directly to your OneDrive. “What are shared folders

Policies 332

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Key Takeaways from CPACC Accessibility Certification

Perficient

The Certified Professional in Accessibility Core Competencies, or CPACC, is an accessibility certification bestowed by the International Association of Accessibility Professionals (IAAP). It covers conceptual knowledge of disabilities, universal design, accessibility laws, management strategies, and software development. This test deepened my knowledge of accessibility and opened up my thinking about accessibility in both the digital and physical worlds.

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Goldman’s Apple Card: What Will Q2 Hold?

PYMNTS

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). A look at recent activity around the card shows a good deal of innovation and a fair amount of concern over rejection rates for both the card and its mobile wallet cousin, Apple Pay.

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Upcoming WHODrug Koda Webinar

Perficient

I am looking forward to talking about Perficient’s WHODrug Koda interface in a webinar next week and how you can integrate it into your medical coding activities. The interface we developed enables a direct connection between medical coding systems and UMC’s WHODrug Koda coding engine. WHODrug Koda uses artificial intelligence (AI) to automate the coding of drug names and ATC selection, improving consistency and operational efficiency.

Training 322
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How Subscriptions Bridge The Online/Offline Learning Divide

PYMNTS

The pandemic has presented financial challenges for consumers and businesses alike. It has revealed at the same time the value of the subscription model in a whole new light by allowing consumers to get steady supplies of their favorite goods and services direct to their homes without braving store aisles only to find limited inventory. Certain segments of the market have surged, with millions of new subscribers for movie and TV streaming platforms, meal kits and other product boxes.

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The State of Automation in Financial Services 2024 Report

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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More merchants lean on payment-link tech during the coronavirus pandemic

Payments Source

Businesses affected by the pandemic are accepting online and touchless in-person payments from consumers with the help of technologies developed originally for B2B invoicing and payments.

Payments 159
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Revolut Adds Crypto To US Offerings With Paxos Deal

PYMNTS

European FinTech Revolut, which recently debuted in the U.S. with an app and debit card, is expanding its range of services into the realm of cryptocurrency trading with a big assist from Paxos. In a Wednesday (July 15) press release, Paxos Trust Co. said Revolut is its first customer for its new product, the Paxos Crypto Brokerage. According to New York-based Paxos, the API-based solution is designed to enable companies to “integrate cryptocurrency buying, selling, holding and sending capabilit

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Lawyer questions UK government's Future Fund

Bobsguide

The pandemic, though primarily a human tragedy, is wreaking havoc on jobs and economies globally. In the UK, SMEs make up 98 percent of private sector businesses, and employ more than 16 million people. Evidently, small businesses and startups will be a vital part of the UK’s economic recovery.

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NEW REPORT: Helping Main Street SMBs Close The Cash Flow Gap

PYMNTS

Main Street small- to medium-sized businesses (SMBs) are a barometer for the economic vitality and the health of the broader U.S. economy. After all, a bustling Main Street signals new business opportunities and growth potential. It was this type of local economy that defined most of the past decade and the early part of 2020. That all came to an end when the pandemic took a hold of the U.S. economy.

Maine 207
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Uber and others see a long road for pandemic payment habits

Payments Source

The initial adoption wave that mobile and contactless payments have ridden during the first months of the coronavirus pandemic is likely to continue as companies adjust business models to make embedded payment methods a key part of their strategy.

Payments 126
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Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World

PYMNTS

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. Nick Molnar , co-founder and U.S. CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards.

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Podcast: How Digital Banking Transformation Paid Off in the Pandemic

ABA Community Banking

When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize. The post Podcast: How Digital Banking Transformation Paid Off in the Pandemic appeared first on ABA Banking Journal.

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Straight Outta Yale: Recent Grads Create New Beverage Product Line

PYMNTS

Someday, Onda CEO and Co-founder Noah Gray will have a great case study to write. Or even a spin on the old “what I did for my summer vacation” essay. While he and his friends were attending their final semester at the Yale School of Management , they had a plan. They all loved tequila. Their favorite drink was tequila and soda. And they had a fair amount of exposure to the beverage alcohol business through early career jobs, Yale’s connections and various internships.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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Family fortunes of wealthy increase as super-rich ride coronavirus storm

TheGuardian

UBS says portfolios of 77% of richest investors are performing in line with or above target More than three-quarters of the world’s richest people have reported an increase in their already vast family fortunes, despite the economic shock caused by the coronavirus pandemic. Research into the family offices of the super-rich found that the vast majority were able to “ride out 2020’s storm in financial markets”, while many less wealthy people have lost their jobs and seen the value of their saving

Marketing 101
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CIBT Partners With Conferma Pay On Virtual Cards For Business Travel

PYMNTS

CIBT , which works in global immigration and visa services for both corporations and individuals, has announced an integration with Conferma Pay for virtual cards and streamlined business travel payments, according to a press release. Conferma Pay works in helping businesses digitize payments. The partnership, the release stated, reflects the current atmosphere as countries begin to reopen after the worst of the pandemic, and customers continue to use digital payments and virtual options. “

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Christian Financial Credit Union 60-Month CD Remains Competitive

BankDeals

Christian Financial Credit Union (southeast MI) is currently offering a competitive 60-month CD. Minimum opening deposit is $1k, with no stated balance cap.

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StockX Report Affirms Resale Market Acceleration

PYMNTS

The apparel and footwear resale market is seeing record-setting growth during the pandemic. Sites like thredUP and Poshmark have experienced a surge in consumer activity. The trend was reinforced this week by a half-year status report from footwear resale marketplace StockX. The company announced in its report that it has reached $2.5 billion in gross merchandise value (GMV) and has seen its most successful months during the second quarter.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Software for detecting financial crime is in high demand. Here’s why.

American Banker

Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments.

Software 101
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Fed’s Harker Warns Of Economic Fallout Of Increased COVID Cases

PYMNTS

Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. will likely dampen the economy as well, Reuters reported. Harker said the impact could be twofold in its damage. “There’s both the direct economic impact of businesses having to close down,” Harker said during a webinar organized by the Fed, as reported by Reuters.

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Being built for change: A key challenge for every bank

BankInovation

There is an industry-wide trend that is not at all surprising; banks ditching legacy core vendors is the tipping point in what is actually a fundamental shift in how banking has worked in the past and how it will work in the future driven by – like most other similar shifts – technology. Banking systems […].

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MoneyLion Launches Advanced Mobile Banking

PYMNTS

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. RoarMoney promises faster access to customer funds and secure contactless payment options. It features two-day early paydays, mobile wallet capabilities, funding options, near real-time transaction alerts and advanced cybersecurity, the company said in a Wednesday (July 15) press release.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.