Mon.Dec 14, 2020

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Introducing Intelligent Data, a podcast from Perficient

Perficient

The COVID-19 pandemic has done a great job revealing trouble spots and gaps in many companies’ technology strategies this year. If you’ve discovered that your data strategy and technology solutions need improvement, then this podcast is for you. Join host Arvind Murali , Principal and Chief Strategist of Data at Perficient, for the first season of Intelligent Data.

Data 539
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eBay On Turning Friction-Filled Payments Experiences Into Consumer Loyalty Opportunities

PYMNTS

The 2020 holiday shopping season is picking up, and consumers are heading online or to reopened brick-and-mortar stores to shop and pay for gifts. They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Supporting a host of simple and frictionless payment options is often a complicated endeavor from the retailer’s perspective, said Keala Gaines , vice president of global payment services f

Payments 349
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Amidst a Global Crisis, Cloud Technology Trends for 2021 Emerge

Perficient

The COVID-19 pandemic has challenged the economic and labor markets, impacting all businesses regardless of their size. Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses. Just as every enterprise has been required to be agile and adaptable through disruptions caused by the pandemic, the cloud has been relied upon to do th

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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time

PYMNTS

For a 6-year-old Australian startup that’s only been doing business in the U.S. for two years, Afterpay — with its buy now, pay later (BNPL) interest-free installment loans — has gone from relative obscurity to the front page of the financial section this holiday season. Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders.

US 322
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How to Solve for Missing Data in Marketo

Perficient

So you’ve purchased Marketo Engage to improve your marketing-to-sales relationship and are eager to start implementing the system, but your missing key data points, like email addresses. How do you solve for this missing data and still reap the benefits of your Marketo system? Often, you will need a custom data architecture or solution to solve for the missing information. .

How To 340

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How Healthcare Marketers Can Adapt and Advance [On-Demand Webinar]

Perficient

Healthcare marketers’ role has shifted dramatically in recent years as technologies have advanced, social media use has skyrocketed, and patients have embraced consumerism. The COVID-19 pandemic and the significant, lasting shift to virtual care have brought a further change in a concise period of time. At Modern Healthcare ‘s recent Strategic Marketing Conference, Paul Griffiths joined Todd Unger (American Medical Association, Chief Experience Officer and SVP of Marketing & Mem

Marketing 309
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How To Set Up For The Next PPP Round by January

South State Correspondent

The new split bipartisan Covid Relief Bill got traction yesterday and stands a good chance of getting approved in the next couple of weeks. Most versions of a new stimulus package contain the approval for the next draw of the Paycheck Protection Program (PPP). The SBA, in turn, is preparing to bring the program live around mid-January.

How To 374
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Bank Of America Sees Personalized Video As Key To Rewards-Program Loyalty

PYMNTS

It’s been a busy year in digital banking as the pandemic has driven consumers online to manage as much of their day-to-day lives as possible. When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. In an On The Agenda discussion with PYMNTS CEO Karen Webster and SundaySky CEO Jim Dicso , Sellers noted that Bank of America has had about 10 billion interactions with its 66 million customers, 9 billion of which happened

Video 292
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Outside-in lens – Catalysts driving change in banking

Accenture

In our last post, we talked about how Australian banks are beginning to face competition from outside the industry alongside other challenges. We believe it is time to reimagine banking in order to convert threats into opportunities. The evolving regulatory landscape and the advent of cross-industry players have accelerated the pace of change for banks.….

Industry 243
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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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Hippo CEO: More Than Just Insurance, We Want To Be The ‘1-800 Number’ For The Home

PYMNTS

Home insurance is a product that no one wants to buy — but must. And the insurance companies? Well, they want to sell it, of course. But they hope you never use it (because that would mean paying out claims). Yet things go wrong. Leaks spring in basements, wind shears shingles and roofs, sewer pipes burst. In an interview with Karen Webster, Hippo CEO Assaf Wand made the case that online platforms can solve the pain points of getting claims paid, but also set up a steady oversight of home mainte

Policies 290
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The Ratings Game – How to Improve ESG Scoring

Accenture

This series of blogs looks at the opportunities and challenges associated with green finance in Southeast Asia, and draws on a recent position paper “Green Finance in Singapore and ASEAN: Opportunities and Challenges” by EuroCham Singapore and Accenture. My first blog outlined why – and how – ASEAN should drive the convergence of green standards…. The post The Ratings Game – How to Improve ESG Scoring appeared first on Accenture Banking Blog.

How To 195
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FireEye Closes $400 Million Blackstone Investment Days After Cybersecurity Breach

PYMNTS

FireEye has closed on a $400 million investment by Blackstone , barely a week after one of the world’s top cybersecurity firms disclosed that its own files were hacked by what federal authorities suspect was a foreign intelligence service. The investment will be managed by Blackstone Tactical Opportunities, with ClearSky , an investment firm with a focus on cybersecurity, as a co-investor, FireEye said in a press release.

New York 277
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Preventing Fraud in the Digital Age: Why Banks Need to Alter their Approach to Risk Management

Payments Dive

There is no question that 2020 silenced any lingering doubts regarding the need for businesses interested in staying in business to embrace digital transformation.

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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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AI Plays Key Role In Preventing Subscription Churn

PYMNTS

Subscription services are taking off during the pandemic, and software-as-a-service (SaaS) providers are no exception. Many of these solutions providers are offering key services for businesses with employees working from home, and they also provide subscription rates that can help companies better afford the costs of necessary software rather than spending big upfront to acquire products wholesale.

Software 270
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Should Your Bank Have A Workplace Vaccine Policy?

South State Correspondent

With FDA approval and the first shipments of the COVID-19 vaccine start to hit our communities this week, the question comes up over should banks have a policy around if the vaccine should be mandated, recommended, supported, and acknowledged in the workplace? On the one hand, taking a proactive stance supporting workplace vaccination could be the fastest way to normalcy and safety.

Policies 195
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Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery

PYMNTS

In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look forward. But regardless of what country is being discussed, there were some common themes this year within the pandemic. That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”.

Report 266
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Why a 1.65% Credit Spread Makes Sense

South State Correspondent

We recently spoke to a frustrated banker who was amazed that a regional bank was trying to poach his existing customer by quoting the borrower a credit spread of 1.65%.

Regional 195
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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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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

Square has partnered with POWDR to advance payments, eCommerce and point of sale (POS) at ski resorts across the U.S. and Canada, according to a press release. “POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release.

Vermont 257
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Dotting the “i’s” and Crossing the “t’s” with Digital Lending

Jack Henry

The pandemic has amplified the need for digital processes across all banking services to reach consumers and businesses beyond branches. Never has this been more evident than what we saw in lending when small businesses reached out to their banks and credit unions seeking the PPP loans this spring. Many lenders had not upgraded their digital lending processes and found it difficult to deal with the volume of requests coming in from local businesses.

Lending 158
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Three Digital Shifts On Their Way To Becoming Permanent Changes

PYMNTS

All kinds of adjectives have been repeatedly applied to the year we all just lived through together — “unprecedented,” “unending,” “unbelievable,” “unfair,” “unpredictable. The list of “un” words goes on and on, and the descriptions tend toward the negative. But there’s another way to describe 2020 these days: “almost over,” as there are only 17 days left before 2021 gets off and running.

Online 257
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Banks play catch-up as customer shift to digital accelerates

Payments Source

The mobile banking and paperless habits bank customers picked up during the pandemic are here to stay, and financial institutions are working to strengthen their digital offerings, speakers at an American Banker conference said.

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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.

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Deep Dive: Why FIs Must Meld The Digital With The Physical To Stay Competitive

PYMNTS

The pandemic has had a significant impact on consumer adoption of online and mobile banking services as more people are digitally engaging with their banks to curb health risks. Mobile banking use is ticking up, especially among younger users, with PYMNTS data showing that 75.9 percent of Generation Z members use mobile banking apps, for example. Consumers like mobile banking for its personal touch and convenience factor, with 44.8 percent of consumers noting that they prefer banking experiences

ATM 257
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How to succeed in moving risk software in the cloud

Bobsguide

The emerging cloud technologies offer numerous benefits over traditional on-premises deployments. While the rate of cloud adoption in the financial industry was initially slow, banks and asset managers are now embracing cloud technologies and moving their enterprise application to the cloud. This.

Software 147
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First Pfizer-BioNTech COVID-19 Vaccines Administered In US

PYMNTS

The first doses of the Pfizer-BioNTech COVID-19 vaccine, outside of clinical trials, started being administered to healthcare workers and nursing home staffers on Monday (Dec.14). “Collectively, we aim to vaccinate hundreds of millions of Americans by the end of 2021,” Albert Bourla , chairman and chief executive officer of Pfizer, said in a press release.

US 239
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Grab gets green light to be like Apple Card for Southeast Asia

Payments Source

Ride sharing apps always seem to be racing to be something else — or at least something more — especially given the coronavirus pandemic's impact on travel. With a banking license in Singapore, Grab can add fuel to the strategy.

Apple 144
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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.