Perficient
DECEMBER 3, 2020
Happy holidays to everyone, and welcome to December! Microsoft has been working diligently to get everyone some great new updates before the end of the year. In this blog, we’ll cover some of the biggest updates announced this month around Teams meetings, calling, and collaboration! Meetings. AI-based noise suppression. I cannot emphasize how excited I was to see this update hit my client.
PYMNTS
DECEMBER 3, 2020
For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet.
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Perficient
DECEMBER 3, 2020
My last blog dove into the customer data management challenges financial companies might encounter when starting the personalization journey. Today, I’ll address customer intelligence and the benefits it provides. Personalization requires a solid data management and analysis foundation, and financial services companies are starting to leverage customer intelligence platforms to collect, analyze, and contextualize vast amounts of data.
PYMNTS
DECEMBER 3, 2020
Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. The third phase of the experimental Household Pulse Survey was released by the Census Bureau on Wednesday (Dec. 2) in collaboration with several federal agencies. The survey aims to collect data and glean insights about American households amid the global pandemic.
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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
Perficient
DECEMBER 3, 2020
The need for companies to evolve their digital commerce experiences is apparent. For manufacturers, creating a cohesive commerce experience is a daunting task due to the vast and complex product data they have to process. Thus, taking that complex product data and turning it into customer-friendly content can be overwhelming. To make sense of this process, we have put together a guide, Deconstructing the Data-to-Content Journey: Understanding Commerce in Manufacturing , that examines both data a
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
DECEMBER 3, 2020
In these unprecedented times, B2B buyers want to be sure they are staying budget-conscious and aware of all the ways to get a better price on their orders. Companies need to adapt from outdated quoting methods such as in-person, door to door, and over the phone, and transition to sophisticated digital quoting and checkout. Implementing a quick and effective quoting and checkout process can prove beneficial to both the businesses and with Episerver B2B Commerce Cloud, having that functionality re
PYMNTS
DECEMBER 3, 2020
The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. And while the origins of that trend pre-date the current crisis, Silvana Hernandez , senior vice president of digital payments at Mastercard , tells PYMNTS that the pandemic has sped up the process.
Payments Source
DECEMBER 3, 2020
PaymentsSource is proud to recognize the Most Influential Women in Payments, spanning multiple industries including financial services, retail, investment and technology.
PYMNTS
DECEMBER 3, 2020
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance.
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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
Jack Henry
DECEMBER 3, 2020
Third-party vendors play a significant role with community financial institutions (FIs), enabling banks and credit unions to deliver essential products and services to consumers. Third-party vendors can be indispensable but they can also be a weak link in your cybersecurity strategy.
PYMNTS
DECEMBER 3, 2020
Having a customer’s credit card on file or being able to take payments online is a common practice for many retailers. But increased adoption by healthcare providers of such basic processes during the pandemic has marked a huge step forward for an industry that’s focused on delivering care, Rectangle Health Chief Technology Officer Mike Peluso told PYMNTS recently.
Payments Source
DECEMBER 3, 2020
Stripe’s technology, which enables millions of merchants to easily accept payments online, also provides a window into the broader money-management pain points of the businesses it serves — and it is through this window that Stripe sees a path for growth.
PYMNTS
DECEMBER 3, 2020
Might mobile payments help revolutionize corporate cards? David Wood , director of products at Conferma Pay , told PYMNTS in a recent Masterclass that mobile payments are increasingly becoming an essential component of the business payments landscape, providing a “consumersation” experience for business essentials, and will inevitably lead to a change in the corporate card environment.
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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.
Payments Source
DECEMBER 3, 2020
Visa insists that the Department of Justice, in objecting to its proposed $5.3 billion purchase of Plaid, fundamentally misunderstands the changing role of data in the payments industry.
PYMNTS
DECEMBER 3, 2020
The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks. Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.
BankBazaar
DECEMBER 3, 2020
Love movies? Love money? If you said yes to both, you can’t miss the movies listed in this article. Read on! Movies have entertained us for many years and will continue to do so, but some movies also succeed in educating us about life. Today, there are so many genres and sub-genres of movies that cater to the tastes and preferences of audiences from various walks of life.
PYMNTS
DECEMBER 3, 2020
Boris Johnson gets his COVID vaccine in public. Three U.S. presidents agree to do the same. The CEO of American Airlines takes his beleaguered 737 Max jet on a maiden voyage. All of it begs the question: What makes for being a good influencer as 2020 comes to a close? It is a trickier than expected question to answer, given how much our lives have changed over the last eight or so months.
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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.
Payments Source
DECEMBER 3, 2020
Mastercard Inc. promoted Linda Kirkpatrick to president of North American operations as incoming Chief Executive Officer Michael Miebach shuffles some of his top managers before taking the reins next month.
PYMNTS
DECEMBER 3, 2020
After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 2020. But the good news is that as the season spins up, there are glimmers of hope for a better future on the horizon, Randy Piatt , Ondot Systems ’ head of product solutions, recently told PYMNTS. He said the trouble is that the horizon is still pretty out of reach – and only dimly visible.
Matt Wilcox Pro
DECEMBER 3, 2020
Here’s a thought for moving forward: Not just frequency, but loyalty ONE FINE DAY amid the airline deregulation of the early 1980s, a visionary at American Airlines reasoned that it would cost nothing—and might just earn goodwill—to give unsold seats to frequent customers. In no time, the idea bled into other airlines and, later, into […].
PYMNTS
DECEMBER 3, 2020
Apparently, there is no limit to how low some cyberspies will go. An IBM cybersecurity team blew the whistle on Thursday (Dec. 3) on what it called in a blog post a sophisticated “global phishing campaign” that targeted organizations involved in a key part of the supply chain for the various COVID-19 vaccines under development. In particular, the hackers targeted the organizations involved in the “cold chain,” the component of the supply chain designed to keep vaccines “persevered in temperatu
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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.
Payments Source
DECEMBER 3, 2020
Less than two months after launching a software-based model to replace traditional point-of-sale terminals, MagicCube has received a security compliance allowance from Visa for the mobile-driven system.
PYMNTS
DECEMBER 3, 2020
Walmart is reportedly laying off an additional 1,200 workers as part of a reorganization that encompasses the big consumer shift to online shopping. In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We are continuing on our journey to create an omnichannel organization within our Walmart U.S. business,” Jami Lamontagne , a spokesperson for Walmart, said in a statement to PYMNTS at the time.
MerhantsBanks
DECEMBER 3, 2020
Larry Bodin has been promoted to Market President for Merchants Bank locations in Onalaska and La Crescent, according to Andrew Guzzo, Regional President. Bodin’s primary responsibilities will be to provide leadership for Merchants Bank’s Onalaska, WI and La Crescent, MN locations; along with meaningful community engagement in the Coulee region. He will also continue serve […].
PYMNTS
DECEMBER 3, 2020
Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. Wintrust is a $43 billion platform with 15 branded community bank subsidiaries and will leverage NCR to help provide a new "unique branded experience" and aid customers across its 180 locations, changing the experience at both digital and branch channels, the release stated.
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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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