American Banker
NOVEMBER 2, 2020
Payment rates for auto lenders and credit card issuers have remained strong despite a spike in unemployment. Whether these trends continue into 2021 will depend largely on the actions of Congress and the pace of medical advances.
Perficient
NOVEMBER 2, 2020
This year has been unpredictable, but one thing that has remained steady is Perficient’s commitment to delivering great results for our clients. Our Paid Search team earned some well-deserved recognition last week when their paid search campaigns for long-time client Lake Champlain Chocolates won Best Use of Search – Retail/Ecommerce (PPC) at the US Search Awards.
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Accenture
NOVEMBER 2, 2020
The banking industry has been talking about and moving towards cloud for a decade now. So much so that 95% of banks have already adopted cloud in some form. This high-level acceptance of cloud provides an opportunity to dive into the nuances and move beyond “Should we invest in cloud?” and towards “How do we…. The post In a COVID-19 World, Cloud is Back in the Spotlight appeared first on Accenture Banking Blog.
Perficient
NOVEMBER 2, 2020
Many questions and concerns have been floating around the Oracle Health Sciences customer community about Argus Safety’s future on-premises releases. That’s great news for customers who are running the system in-house and might want to upgrade. As a partner with deep expertise in Argus, as well as PV/safety services that include application support, cloud hosting, implementations, patching, upgrades, migrations, system configuration, and process reengineering that helps address regul
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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
South State Correspondent
NOVEMBER 2, 2020
In the last five years, one of the new disciplines in banking that has emerged is the combination of machine learning and satellite imagery to gather bank intelligence on fraud, credit, and bank marketing. While this sounds daunting, in this article, we will show you some relatively simple applications of both artificial intelligence (A.I.) and satellite (sat) imagery to improve bank performance.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 2, 2020
People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million) used in over 4 million transactions, Bloomberg reported. The trial was rolled out in four cities earlier this year. Yi, speaking at Hong Kong FinTech Week on Monday (Nov. 2), said that FinTech companies have some "key advantages" over traditional banks in terms of developing a customer base and curbing risk.
Perficient
NOVEMBER 2, 2020
HTML5 semantic sectioning elements are great for identifying page structure. Landmark elements such as <header> <nav> <main> <footer> <aside> <section> <article> and <form> are much easier to identify than a sea of <div>s, and provide accessible structure for screen reader users without having to add any ARIA attributes.
PYMNTS
NOVEMBER 2, 2020
The house call — a kindly doctor lugging a black bag to the doorstep — is a thing of the past. Now, waiting rooms are cramped. But in the age of the pandemic, of course, even a visit to the waiting room is fraught. In an interview with PYMNTS, Robbie Cape , co-founder and CEO of 98point6 , a company that offers what it classifies as “text-based primary care” 24/7.
South State Correspondent
NOVEMBER 2, 2020
On October 23, 2020, the International Swaps and Derivatives Association (ISDA) published the Fallback Protocol (Protocol) that allows firms that use LIBOR to transition to SOFR if LIBOR becomes unavailable in the future.
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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
PYMNTS
NOVEMBER 2, 2020
It was another quarter of record-breaking results for PayPal , which saw both record transactions and new customer enrollments in Q3. Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.
Payments Source
NOVEMBER 2, 2020
Reflecting the rapid transition to digital payments, PayPal has reported its strongest growth in total payment volume and revenue in its history, coupled with strong growth for Venmo, its P2P app.
PYMNTS
NOVEMBER 2, 2020
“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. Then, those privileges included travel, dining and hotel benefits, statement credits and spending reward points perks, along with preferred access to concert and theater tickets.
Payments Source
NOVEMBER 2, 2020
In a major break from the Payment Card Industry security standards playbook, merchants and service providers using newer technologies would have the opportunity to rewrite network operation and testing procedures when achieving compliance.
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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.
PYMNTS
NOVEMBER 2, 2020
When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor.
Payments Source
NOVEMBER 2, 2020
Good communication is integral to facilitating collaboration between departments and offering a reminder that security is not achieved solely within the IT department; rather, it is a team effort, says KnowBe4's Javvad Malik.
PYMNTS
NOVEMBER 2, 2020
It seems almost illogical that just when consumers are spending record amounts of personal and professional time online and enthusiastically embracing the pandemic’s digital shift, they’re also becoming increasingly leery of with whom they do business. And yet, research from PYMNTS shows that’s exactly what’s happening. The online trust hurdle is not only getting higher and higher, but the array of “trust traps” that can destroy a good business relationship are spreading and rising.
Payments Source
NOVEMBER 2, 2020
Refinitiv, a global risk intelligence firm, has agreed to buy Giact, a company founded by a brother-and-sister team in Allen, Texas in 2004 to enhance payment fraud protection and identity verification for banks and corporations.
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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.
PYMNTS
NOVEMBER 2, 2020
Ocado , a U.K.-based online grocery, is heightening its automation drive by acquiring two robotics companies. Owning Kindred Systems of San Francisco and Haddington Dynamics of Las Vegas will help Ocado tackle “one of the world’s hardest challenges in robotics, the picking and packing of groceries,” the company said in a press release on Monday (Nov. 2).
Bobsguide
NOVEMBER 2, 2020
The latest Consolidated Audit Trail (CAT) reporting obligations went live on October 26. However, there’s no time to rest for firms, who are now tasked with preparing for the next set of requirements in January 2021.
PYMNTS
NOVEMBER 2, 2020
European payments rivals Nets of Denmark and Nexi of Italy have negotiated an “all-share” merger deal that would establish a large payments platform for the pan-European market, the companies said in a statement on Monday (Nov. 2). The deal includes long-term lock-up commitments by Nets’ current shareholders. The merger would create a “one-stop-shop” for payments, with expanded capabilities and a “diversified geographic reach.
Bobsguide
NOVEMBER 2, 2020
Investment managers have been under immense pressure for some time, which is acting as a catalyst for much-needed change across the asset management industry. The monumental shift towards passive investing has stretched fees and stricter regulation has dramatically increased compliance costs.
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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.
PYMNTS
NOVEMBER 2, 2020
In California, a state ballot vote tomorrow (Nov. 3) will likely have seismic reverberations for gig economy companies and the millions of individuals and families who rely on them as economy lifelines in the midst of a pandemic. Proposition 22 (Prop 22) is a measure that would exclude app companies from a new law in the state that would make them classify workers — the drivers behind the ride-hailing and delivery activities on which Uber, DoorDash and others rely — as employees rather than cont
BankInovation
NOVEMBER 2, 2020
Yi Gang, governor of the People’s Bank of China, said a pilot program on the rollout of a digital currency in four cities has been smooth. There have been more than 4 million transactions, totaling over 2 billion yuan ($299 million) in the digital currency so far, Yi said at the Hong Kong Fintech Week […].
PYMNTS
NOVEMBER 2, 2020
Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated. Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments an
BankInovation
NOVEMBER 2, 2020
Much has been made in the media around how artificial intelligence (AI) will lead to the eventual obsolescence of many current occupations, putting tens of thousands of employees out of work. It is widely assumed that jobs will be lost in financial services due to the deployment of AI across a wide range of functions. […].
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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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