Tue.Oct 20, 2020

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The Inevitability Of Instant Disbursements

PYMNTS

Big business and big treasury banks don’t make big changes on a whim. In fact, they don’t make them at all if they can avoid it, Ingo Money CEO Drew Edwards noted in a recent digital discussion with Karen Webster. They often only make fundamental changes when something pushes them — usually a demand from customers and the risk of losing clients to competitors if firms don’t make revisions.

Payments 226
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Adjust report identifies 3 trends in mobile finance to keep an eye on

Payments Dive

As mobile finance takes up an ever-more central part of our daily lives, understanding the benchmarks and trends from within this fast growing vertical is more vital than ever. In order to answer these questions and more, Adjust has partnered with app Intelligence platform Apptopia to create the Mobile Finance Report 2020.

Trends 542
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What Businesses Should Expect for Commerce This Holiday Season

Perficient

Before we could blink, summer ended, and the holiday season is now just around the corner. The COVID-19 pandemic has already impacted several facets of digital commerce, and many businesses will have to make certain adjustments as holiday spend continues to move online. Here are some tips that will prepare your business for the digital holiday commerce season.

Online 484
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Veteran Exec Stresses Simplicity In New eCommerce Platform

PYMNTS

Shopify and BigCommerce have a new competitor. Fabric, a new headless commerce platform startup for retailers, came out of the gate with a head of steam on Tuesday (Aug. 20) as it announced its new product, executive team and initial funding round. The initial round will include $9.5 million in seed funding led by Redpoint Ventures, with participation from Sierra Ventures and Expa.

Retail 238
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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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An Introduction to Lightning Web Components

Perficient

In Salesforce, Lightning Web Components (LWC) are a revolutionary change in the lightning platform programming paradigm. If you are new to Lightning Platform and you have been developing solutions outside of Salesforce with the help of HTML and JavaScript, then you will find LWC is a piece of cake. In this blog, we will be covering the following aspects: What is LWC?

US 364

More Trending

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How to Better Serve Your Clients with Automated Fulfillment Systems

Perficient

The goal of each business is to meet and exceed customer expectations by accurately fulfilling orders even when against extreme demand. Many organizations choose to fulfill with at least one manual rules-based approach based on factors like proximity. While this may seem like an ideal solution, there are automated supply chain methods companies can implement that benefit both businesses and consumers.

System 324
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‘Digital Shifters’ Taking More Definable Shapes As COVID Clears

PYMNTS

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. We called it “business as usual,” and it worked remarkably well, with some notable modifications, for the past 70 years or so. Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain.

Maine 221
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Approval Process Enhancements October 2020 release

Perficient

Here are some news from oracle regarding the October 2020 patch update for FCCS: The much awaited changes to approval / review process are coming up. Titbits from today’s Oracle webcast – FCCS related to approval process for you are, In the approval process, when you add new entities you no longed need to unlock and re-lock prior periods anymore in order to lock the new entities for current period.

System 309
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Blackhawk: How COVID Is Accelerating The Shift To Digital Wallets

PYMNTS

"As COVID-19 reshapes the perceptions and needs of digital payments, one of the significant shifts for our team here at Blackhawk Network has been working to further intensify the growth and adoption of digital payments and gifting, including the expansion of mobile wallets with our retail partners and consumers," says Brett Narlinger, head of global commerce for Blackhawk Network.

Survey 218
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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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Managing Workloads with Infrastructure Nodes

Perficient

One of the many benefits of using Red Hat OpenShift to manage your container workloads is the flexibility it provides to distribute and/or isolate workloads. There are many scenarios around this, but one that I like to regularly use when deploying a cluster is creating dedicated infrastructure nodes, and then moving the router function onto those nodes.

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NEW DATA: The Impact Of Transaction Declines And Disputes On The Consumer-Merchant Relationship

PYMNTS

The COVID-19 pandemic has prompted a significant share of consumers to change the ways they shop, with nearly half now turning to digital channels for day-to-day purchases. This shift in buying behavior is likely here to stay, too, leading more customers to use card-based payments to complete their purchases when shopping online. This credit card use can certainly make for smoother shopping experiences, but it can also leave consumers vulnerable to various fraud risks, which can ultimately resul

Survey 214
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Acquia Engage 2020 – Enhancements to the Drupal Cloud

Perficient

While conferences are not safe this year with COVID-19, Acquia Engage has gone virtual with an online event. While Acquia Engage is usually a great opportunity to get to know Acquia employees, customers and partners in person, this year can still deliver on new ideas coming in the Acquia platform. As Acquia has expanded into an open Digital Experience Platform (DXP), their products have been split into two areas of focus.

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Mphasis Teams With R3 On Blockchain Payment Solutions

PYMNTS

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. Mphasis will be using its own Payments and Trade Finance tech alongside R3's blockchain platform Corda, and the partnership will work with ALTA, the digital payments and supply chain finance ecosystem Mphasis formed to link global enterprises with financial services and supply chains, forming a modern value transfer network f

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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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When a payment product's use case turns upside-down overnight

Payments Source

Daniel Wolfe, Editor-in-Chief of PaymentsSource, talks with Jay Klauminzer, CEO of Raise, to talk about how the company adapted to abrupt, long-term change in consumer payments.

Payments 130
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Apple Pay At Six: How Consumers Are Using It At The Physical Point Of Sale

PYMNTS

The launch of the Apple Pay mobile wallet has long been seen as Apple’s attempt at replacing consumers’ use of plastic cards for in-store purchases as their primary payment method. Today, Oct. 20, happens to be Apple Pay’s six-year anniversary. So, where does Apple Pay stand today? To what extent has it succeeded in changing consumers' use of plastic cards at the point of sale (POS) in physical stores?

Apple 198
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Machine learning the news for better macroeconomic forecasting

BankUnderground

Arthur Turrell, Eleni Kalamara, Chris Redl, George Kapetanios and Sujit Kapadia Every day, journalists collate information about the world and, with nimble keystrokes, re-express it succinctly as newspaper copy. Events about the macroeconomy are no exception. So could there be additional valuable information about the economy contained in the news?

Analysis 137
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LatAm’s RobinFood Says It’s A Tech Company That Sells Food … And It’s Working

PYMNTS

Colombia-based RobinFood — Latin America’s fastest-growing chain of “cloud” restaurants — credits proprietary technology, the explosive growth of FinTechs and pandemic-led lifestyle changes as the secrets of its success. Add in ghost virtual-ordering kiosks and physical locations and Luis Vega , RobinFood co-founder and COO, expects RobinFood to become Latin America’s largest player by restaurant count by 2024.

Company 184
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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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Creator of Samsung Pay's magstripe tech debuts a keychain wallet with a social twist

Payments Source

Payments technology entrepreneur Will Graylin is launching OV Valet Superkey, a payment card and digital wallet that can initiate touchless payments at more than 90% of all payment terminals. It pairs with an app that supports messaging and live chat functions.

Samsung 113
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AI-Powered Meal Delivery Debuts In China

PYMNTS

Artificial intelligence (AI)-powered food carts have begun delivering lunch to office workers in Beijing, courtesy of Chinese eCommerce shopping giant Meituan-Dianping. The company recently began a trial run for its new AI food and meal delivery service, with orders arriving on average 17 minutes after they were placed, Pandaily reports. Meituan debuted the new service on National Day, which commemorates the founding of the People’s Republic of China, at Shougang Park, a closed business park.

Study 167
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The Current Wave: Faster growth, money and bank charters

Current

It’s been a blistering amount of growth this fall at Current and we’re proud to say we’ve also been recognized with more awards in our industry. We also have no plans to pursue our own bank charter and we’ll explain the reasons why. Growing, growing, growing… It’s been a year of exponential member growth at Current with the COVID-19 pandemic serving as an accelerant to digital banking and we are now over 1.6 million members at Current, as we’ve continued to add over 100,000 new members each mont

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Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. PYMNTS data shows that all three dynamics will become solid planning factors as the season heads into November.

Online 159
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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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AI, or a thousand shades of grey?

Bobsguide

Whilst a supporter of true artificial intelligence (AI) within investment management, I do have a problem with some of the references to artificial intelligence that I hear. I believe that most of us in the investment management world still do not truly understand artificial intelligence. What we.

US 88
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US Department Of Justice Says Google Is A Monopoly

PYMNTS

The shoe dropped. Tuesday, Oct. 20, in a move that surprised maybe no one, the Justice Department filed an antitrust lawsuit in Washington, D.C. against Google, joined by 11 states attorneys general, alleging the tech giant has used its dominant position in the online search market unfairly against competitors. The suit does not offer up recommendations about how to address its allegations that Google used anticompetitive strategies to carve out its position as a monopoly in the online search in

Google 158
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Klar raises $15 million to expand access to debit, credit in Mexico

Payments Source

Mexican payments startup Klar has raised $15 million in a Series A round in an effort to challenge traditional banks by expanding access to debit cards and credit lines.

Cards 88
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Kohl’s To Launch Athleisure Line As Pandemic Upends Office Life

PYMNTS

Kohl’s is launching a new athleisure brand called FLX as demand for casual attire surges amid the pandemic and the rise of telecommuting and remote work. The retail giant’s new brand, pronounced “flex,” will make its debut in March at Kohl’s stores and on its website, the company said on Tuesday (Oct. 20) in a press release. The new clothing line is part of a larger push by Kohl’s to expand its presence in the “growing active and casual categories,” the retailer said.

Branding 150
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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.