Perficient
JANUARY 25, 2021
In a previous post, I wrote about five major themes of change for 2021. In this article, I want to focus in on the specific implications for hospitals and integrated delivery networks. Building out the 21 predictions I’m offering for digital health in 2021, here are predictions six through 10: 6. Business Model Disruption (Finally). For the last decade I have seen the rise and fall of minor players in healthcare.
Accenture
JANUARY 25, 2021
What are the best indicators of someone’s potential at work? If you said education, tenure, job level, industry, geography or company size, you’d be partly right. Our research found that these factors account for 9 percent of someone’s work potential. Nine percent is good. But what if you could do better—drastically better? Well, you can.…. The post How can high human care boost your bank’s performance?
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Perficient
JANUARY 25, 2021
As we ring in 2021 and say goodbye to 2020, it’s time to look forward. There’s no better time to utilize the “new year, new me” mindset and focus on taking your company to the next level and giving your customers a better experience. CIO Review states, “Digital transformation trends have been increased by 5.3 years, while experts predict global digital transformation investment will nearly double between now and 2023.”.
PYMNTS
JANUARY 25, 2021
In the world of business, where the quest for profits, sales growth and the next big thing is never ending, here’s something you don’t hear every day. “I will die of old age before we've even cracked a fraction of this demand.” . That’s the market summary Outdoorsy Co-founder and CEO Jeff Cavins gave to PYMNTS' Karen Webster on the status of his RV rental platform, which’s about to cross the billion-dollar bookings milestone in only its fifth year in business.
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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
JANUARY 25, 2021
This is the fourth in a series of blog posts sharing the results of our study on the business value of experience design. In this post, we explore the value of a lean design: A collaborative approach to design that is pragmatic, inclusive, and moves fast to show valuable purpose to the company and its customers. Design, and everything it entails, comes with many misconceptions and preconceived notions about being an ambiguous, mysterious dark art.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
JANUARY 25, 2021
There is no excerpt because this is a protected post. The post Protected: Challenges and Opportunities in Banks’ Cloud Migration appeared first on Accenture Banking Blog.
PYMNTS
JANUARY 25, 2021
Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated. Contactless payments are “future-proofed” in that they will let consumers access the security and convenience for long into the future, according to the release.
Abrigo
JANUARY 25, 2021
Why Attend ThinkBIG 2021? With so many conferences to choose from, what sets ThinkBIG apart? See everything ThinkBIG has to offer. learn more . Takeaway 1 ThinkBIG 2021 features in-person and virtual options to accommodate attendees. Takeaway 2 Attendees have the opportunity to receive continuing education credits. . Takeaway 3 Network with other bankers, auditors, regulators, and Abrigo experts.
PYMNTS
JANUARY 25, 2021
Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack.
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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
Payments Source
JANUARY 25, 2021
Biometric authentication has always been a challenging subject with consumers, who are accustomed to using the technology to unlock their phones but are still wary about how much personal information they share with retailers and card issuers.
PYMNTS
JANUARY 25, 2021
Investor Daniel Lubetzky. Twenty-two-year-old entrepreneurs Nick Hamburger and Zack Schreier started their first business in sixth grade, charging students at their Chicago-area school $3 for some cool Japanese soda pop that they bought for $1.25 — until the administration shut them down. Ten years later, their latest venture – a line of healthy, egg white-based chips called Quevos – just secured a roughly $400,000 investment on the ABC TV reality show “ Shark Tank ” from Daniel Lubetzky, who in
South State Correspondent
JANUARY 25, 2021
Research demonstrates that many companies do not sell their products or services evenly throughout the week, month, quarter, or year. Instead, in many industries, revenue and profit margins can fluctuate substantially throughout periods. It pays for community banks to not pay attention to this phenomenon in order to increase margins, but due to the vaccine, credit spreads are likely to decrease during the back half of the year as banks increase credit supply.
PYMNTS
JANUARY 25, 2021
The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. In dozens of virtual presentations and remote round table discussions that took place over the past two weeks, the overarching impact of the coronavirus was a dominant theme, whether tha
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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.
South State Correspondent
JANUARY 25, 2021
If you want to get ahead of a trend, consider investing in content for your bank. Content is the new growth accelerator in banking and banks would be wise to start small now, experiment, and learn the ways of the future. Content is the missing piece of growth acceleration and helps not only acquire new customers but slows turn while helping build a brand.
PYMNTS
JANUARY 25, 2021
Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the first quarter of 2021. UPS CEO Carol Tomé said in a press release on Monday (Jan. 25) that the agreement with TFI gives UPS the ability “to be even more laser-focused” on its central business and to give its customers “the greatest value.
Jack Henry
JANUARY 25, 2021
Check fraud loss is much like an iceberg. While we see the tip of the iceberg, which is the immediate loss from check fraud, what lies beneath the surface can be more costly than the check fraud loss itself. It is estimated that for every $1 of check fraud loss an institution experiences, it spends $2.90 handling the repercussions of the fraudulent item.
PYMNTS
JANUARY 25, 2021
Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported. The announcement, first published on the Ministry’s website in December, is reportedly a move to fight corruption, according CoinDesk, citing Russian news site Forklog. The prohibition is part of a larger legal reform that also bans government officials from opening accounts at foreign banks.
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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.
SWBC's LenderHub
JANUARY 25, 2021
Last Week: Another strong week for equities as new all-time highs were set yet again for the S&P and NASDAQ. President Biden’s inauguration went off without a hitch and some confidence rose that the new administration will attack the virus with a more coordinated federal effort and aggressively push the $1.9 trillion stimulus-relief package.
PYMNTS
JANUARY 25, 2021
After a long wait and months of debate, the Paycheck Protection Program (PPP) is setting forth on its second round. Congress has allotted $284.5 billion for PPP loans , with $137 billion set aside for “second-draw” loans for firms that need help beyond their initial loan to seek additional aid. The rules have been tweaked this time around to favor genuinely imperiled small- to medium-sized businesses ( SMBs ).
Bobsguide
JANUARY 25, 2021
With much of Europe and other global jurisdictions returning to yet another lockdown, we can be reasonably confident that markets will cope well this time around. The second lockdown coincided with the traditional end of the budgeting season and led to many firms shifting their priorities towards.
PYMNTS
JANUARY 25, 2021
German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Kemper will join N26 in the second half of 2021, replacing co-founder Maximilian Tayenthal, who will become co-CEO with Co-Founder Valentin Stalf, N26 said in a press release. The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Fra
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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
JANUARY 25, 2021
Spurred by the coronavirus pandemic, 88.6% of Barclaycard in-store transactions were made using contactless technology last year, up from 86.4% in 2019, an increase of about 2.5%.
PYMNTS
JANUARY 25, 2021
To help customers handle their accounts receivable (AR) while conserving time and financial resources, pre-accounting technology company Expensify unveiled a bolstered invoicing feature. The upgrade comes on the heels of the company announcing support for bill payments, according to a Monday (Jan. 25) press release. Expensify’s SmartScan technology gets information from supplier bills for approval and payment with the same infrastructure developed for expenditures.
Payments Source
JANUARY 25, 2021
Cardtronics will accept a $1.7 billion sale to NCR after the ATM producer outbid Apollo Global Management and Hudson Executive Capital.
PYMNTS
JANUARY 25, 2021
The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. Digital banking apps in particular have benefited from this new trend, with 60 percent of bank customers using such apps more often during the health crisis instead of visiting brick-and-mortar branches. This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient fo
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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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