Fri.Sep 18, 2020

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Take Your Apps and Processes from Good to Great!

Perficient

How long does it take you to accomplish some of your daily, routine tasks? Are you spending too much time on manual processes? What changes would you make to your current applications or systems? Perficient has helped our clients take applications and systems from good to great by innovating the customer experience, creating a new process or optimizing an existing one, or enabling a new service for the organization.

Video 348
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Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery

PYMNTS

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. To that end, joint research between PYMNTS and Visa , in a study titled Marketplaces as Retail’s New Front Door , found that 60 percent of surveyed businesses that are not currently using online marketplaces would like to do so.

Online 354
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Announcing Perficient’s Forrester Consulting-Commissioned Study: Get Supply Chain Right!

Perficient

We are excited to announce the launch of our recent study, Get Supply Chain Right! Intelligent Fulfillment Boosts Customer Service And Return On Inventory Investment. This commissioned Forrester Consulting study includes the results from a survey of more than 200 supply chain professionals to gain insights on how intelligent order management and automated supply chains are being utilized throughout US companies.

Study 348
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Musicians Pick Up The Tempo On Adopting Digital Payments

PYMNTS

The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens. Anecdotes abound, of course, in the popular music industry of artists who had huge hits — and rarely saw much cash flow, as royalties were siphoned off by others, or simply never made it into the right accounts. Or accountants did not do much accounting.

Payments 312
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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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How to Migrate Data From One Oracle Autonomous DB to Another

Perficient

If you’re looking to copy over data from one Oracle Autonomous Database (ADB) to another, you are probably wondering how to go about doing that. OCI offers a whole database clone capability which is straightforard to use and provides a clone of the whole autonomous database within the same Oracle Cloud tenant. However, if you’re looking to migrate to an Autonomous Database on another tenant, the clone feature won’t work.

How To 322

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Successful Leadership Techniques for Nearshore Agile Teams

Perficient

Throughout our experience with software development outsourcing, we’ve discovered that nearshore agile teams can perform incredibly well when dispersed, but with one major caveat: they need a competent leader who understands the challenges of managing a virtual workforce. Whether it’s handled in the office or remotely, nearshore agile software development depends on effective collaboration, communication, and camaraderie.

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities.

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Why 3D imaging holds key to a touchless future

Payments Dive

As the world continues to adapt to a new way of life, businesses will need contactless technology to remain competitive. 3D cameras can help pave the way to a asfer future.

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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 billion valuation, CNBC reported. Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. The company is geared toward U.S. consumers who make from $30,000 to $75,000 annually.

Mobile 264
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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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Mastercard encouraging staff to begin return to New York offices

Payments Source

Mastercard Inc. is encouraging its staff to begin returning to its New York-area offices, joining other large employers seeking to bring workers back after months at home.

New York 154
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Why Small Coffee Shops Are Thinking Big About Digital

PYMNTS

Independent coffee shops weren’t totally tuned out when it came to digitization in the pre-COVID-19 world, but it wasn’t an area of focus for them, according to Tim Griffin, founder of small business payments platform Cloosiv and chief product officer of its new parent company, Odeko. Griffin told PYMNTS in a recent conversation that local shops were, mostly to their credit, focused on customers and their status as neighborhood meeting spots and community hubs.

Community 264
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Ahead of potential IPO, Affirm raises another $500 million

Payments Source

As more consumers look for alternatives to credit cards, investors are flocking to point of sale credit firms, with Affirm raising a fresh $500 million.

Cards 138
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dlocal CEO: Helping Global Merchants Tap Emerging-Market Opportunities

PYMNTS

Launching into an emerging market can be a risky move for any global business. While spend in developing markets isn’t typically as high as, say, in the U.S., consumers in these geographies are quickly opening up lucrative possibilities for global merchants thanks to the availability of lower-cost smartphones and wireless broadband, the ongoing adoption of eCommerce and the move on the part of many countries to innovative their national payments infrastructure.

Marketing 253
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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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Why Mastercard is helping Flywire drive cross-border tuition payments

Payments Source

Mastercard is working with cross-border tuition specialist Flywire on a fall promotion targeting international students based in certain countries in the Middle East and Africa.

Payments 118
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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. Say what you might about the bifurcation between public markets and economic conditions – where stocks go up even as unemployment remains high and consumer spend

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Tapping into a post-pandemic world with contactless cards

ATM Marketplace

Contactless payments offer the same strong security as EMV cards but how do they stack up against the needs of consumers who are now dealing with the aftermath of COVID-19? Jaime Topolski, the director of payment card products at Fiserv gives his insight on contactless cards.

Cards 107
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Pandemic Predictions: Holiday Forecasts Depend On Three Factors

PYMNTS

When the pandemic first took hold of the retail industry in March and April, the phrase “it’s hard to forecast during a pandemic” was heard in most every executive interview or earnings call. Now that the holiday sales season is imminent, the operative phrase is … well … “let’s try to forecast during a pandemic.”. There were reports from several reliable forecasting sources this week, yet the ability to accurately forecast the holidays seems to be more of a dicey proposition than ever.

Retail 228
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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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Mercari battles to be profitable leader in Japan mobile payments

Payments Source

Mercari Inc. wants to become the top provider of mobile payments in Japan even as its biggest rivals join forces, but that ambition is second to making the business profitable.

Mobile 97
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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. But it was one startup, which helps other businesses launch their own subscription service offerings, that secured the largest round of the week, perhaps reflecting the rising tide of

San Jose 226
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Good business: Eco-friendly credit cards on the horizon

BankInovation

The plastic credit card consumers keep in their wallets may soon change. With more consumers demanding eco-friendly business practices, issuing banks could benefit from using more sustainable card materials, according to Aite Group’s report, “Eco-Friendly Card Material: Bringing Sustainability to Card Issuance.” “Not only is there approximately 150 million metric tons of plastic in the […].

Cards 98
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Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. 17). The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “ Voice Payments: An Introduction and Overview ,” designed to deliver information on conversational payments and enabling technologies, including voice assistants and smart speakers.

Payments 220
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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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Rate Leading Long-Term CDs at Wings Financial Credit Union

BankDeals

Wings Financial’s Certificates with 3-, 4- and 5-year terms are currently rate leaders or near the rate leaders for nationally-available CDs.

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EU Industry Trade Group Warns 5G Delays Will Hurt Competition, Profits

PYMNTS

The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. In a tweet Friday (Sept. 18), the European Round Table for Industry ( ERT ), a Belgium-based advocacy group, wrote “Europe is lagging behind other world regions in the rollout of 5G, both the infrastructure and the capacity to offer commercial 5G services.”.

Industry 216
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Weekly Wrap: Consumers don’t need branches, and bank incubators stay busy

BankInovation

It seems consumers need bank branches less than before. A Plaid study showed 80% of consumers now say they can bank without a branch. Banks like Citibank and Silicon Valley Bank, meanwhile, are launching new platforms out of internal incubators. “We have seen from the research we have done with our clients and investor partners […].

Study 83
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Boosted Commerce Lands $87M, Buys Six Amazon FBA Firms

PYMNTS

As it aims to develop an online shopping portfolio, Boosted Commerce said it has notched $87 million in investment and has purchased six Amazon fulfillment (FBA) firms. The company intends to "acquire and develop" 100 online shopping consumer packaged brands in the four years to come, according to an announcement. Boosted said it is creating a cadre of third-party firms and brands that have strong shopper affinity and sales on Amazon and Shopify.

Branding 213
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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.