Fri.Nov 13, 2020

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Perficient Listed Among Significant Computer Vision Providers in Forrester New Wave Report

Perficient

We are excited to be listed by Forrester in its recent report The Forrester New Wave : Computer Vision Consultancies, Q4 2020 – The 13 Computer Vision Providers That Matter Most and How They Stack Up. The New Wave report differs from the independent research firm’s traditional Forrester Wave report in the way that it only assesses emerging technologies (such as computer vision).

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Tropical Smoothie Café releases a new app and shares its secrets of success

Payments Dive

Mobile Payments Today interviewed Tropical Smoothie Cafe's chief information and digital officer, Michael Lapid, to get his thoughts and insight on how the company he joined a year ago is faring and how the company’s newly released app is being received by consumers.

Mobile 398
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The importance of “Branch Templates” within Episerver

Perficient

In modern day CMS systems we rarely create pages that have fixed layouts with zero flexibility. Often times we give the marketing team the power to define experiences by placing a number of configurable components on the page in the layout that they see fit. This is empowering, but can also be intimidating if you’re constantly starting with a blank slate.

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PPP Fraud Reveals New Need For Banks To Use Geolocation Data

PYMNTS

Government-benefits fraud runs at about 10 percent even during normal times, but now that the pandemic has exponentially increased U.S. federal stimulus spending, the level of theft is on the rise, too. . “I think bad actors and fraudsters always follow the money,” Elizabeth Cronan , vice president of government relations at geolocation-based fraud prevention firm GeoGuard recently told PYMNTS. .

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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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People Team Virtual Painting Event is a Colorful Success

Perficient

No matter what team you’re on at Perficient, taking time to come together outside of traditional work duties is an important part of our culture. It helps us grow and maintain friendships, identify special talents, and acts as a reminder that while we’re all dedicated to working together to grow Perficient, that Perficient is just as dedicated to growing us as people.

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Using Overrides to Fix a Cube View GetDataCell Collison

Perficient

Cube views provide a powerful and dynamic way to query data within OneStream. Cube views are setup by selecting dimension members on a cube view’s POV, rows, and columns to govern how data will be displayed to the user when a cube view is executed. Users can view data in a variety of formats for consumption from the standard online data grid view, to an exported Excel spreadsheet, or a PDF report.

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Target Nixes Subscription Service

PYMNTS

Target has canceled its subscription service, a foray into bulk discount purchasing launched seven years ago. Through the service, Target customers were able to automatically reorder items in bulk while earning a 5 percent discount, with the items shipped their homes. But Target recently discontinued the service, with a brief Q&A page notifying customers that they will receive items purchased before the November shutdown.

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CSS Transform Property: Four Common Uses

Perficient

The CSS transform property allows a developer to perform a number of different actions on an element that changes how that element appears in the browser. While the realm of possibilities for what you can do with one or more of the transform values is very large, here are some common uses to save time on your next project. Centering Icons Vertically (or Horizontally).

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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’

PYMNTS

Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract disruptions. Looking at the plight of migrant workers and those working abroad during the COVID event, PYMNTS November 2020 Smarter Payments Tracker® powered by Nium notes that, “Legacy FIs can struggle to provide affordable remittance ser

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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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Upcoming CME closures pressure unprepared firms

Bobsguide

Firms are running out of time to switch reporting platforms and trade repositories (TR) as the closure date for CME Group’s NEX/Abide looms. “Certainly there is no extension past November 30 for the NEX Abide Regulatory reporting and trade repository and firms should have migrated by.

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A Drone Of Its Own: DoorDash IPO Filing Shows Triple-Digit Growth As Firm Eyes Expansion

PYMNTS

Food now – and more to come. Maybe via drone. On Wall Street, the fine print and the filings can reveal much. To that end, DoorDash filed its IPO prospectus – officially known as an S-1 filing – with the Securities and Exchange Commission (SEC) on Friday (Nov. 13), which shows heady growth, continued but narrowing losses and a hyper-competitive business environment.

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Fighting fraud in the future: What banks need to do

ATM Marketplace

James Heinzman, EVP of financial services solutions for ThetaRay, spoke with ATM Marketplace on how the pandemic has changed security models and practices for dealing with fraud and what needs to be done for the future.

Fraud 102
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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem.

Fraud 242
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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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The modern point of sale is centered in microservices

Payments Source

Replacing the traditional POS model will be a cloud-focused and software-defined model that gives shoppers their choice of checkout and reimagines the store experience, says Zynstra's Brian Buggy.

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Blockchain Startup Ripple Registers Trademark For New PayString Offering

PYMNTS

Silicon Valley’s Ripple , a blockchain payments startup, has filed a trademark with the U.S. Patent and Trademark Office (USPTO) for PayString, which will likely be a new offering, according to a report in CoinDesk on Friday (Nov. 13). Since its founding in 2012, Ripple has received funding totaling $293.8 million. Its frictionless blockchain payments platform enables users to send money around the world. .

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Coosa Pines Federal Credit Union Has Competitive Rewards Checking

BankDeals

Coosa Pines Federal Credit Union's (AL) Flexible Rewards Checking account currently earns a competitive rate on qualifying balances up to $20k.

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Walmart Boosts Store Hours, Rolls Out Phase 2 Of Black Friday Deals

PYMNTS

Walmart is extending most of its stores’ hours beginning Saturday (Nov. 14) – adding an hour or more of shopping time just in time for the holiday season. The retail giant disclosed via Twitter that it plans to keep most Walmart and Neighborhood Market locations open from 7 a.m. to 11 p.m. local time. “This will give customers more time to shop and help us disperse traffic throughout the day,” Walmart wrote in a tweet.

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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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Despite surge in new users, challenger banks still face profitability issues

BankInovation

Challenger banks have reshaped the customer experience across financial services, drawing in consumers and investors alike, but that might not be enough to guarantee their economic viability. Profitability will likely come down to challenger banks’ product expansion, which would ultimately lead to cross-selling opportunities, according to fresh research from CB Insights released yesterday.

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SEC Charges Former Wells CEO And Bank Head In Fraud Scandal

PYMNTS

The U.S. Securities and Exchange Commission ( SEC ) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal. Stumpf agreed to settle the charges by paying a $2.5 million penalty, but neither admitted nor denied wrongdoing, according to an SEC press release.

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SEC charges ex-Wells Fargo execs with misleading investors

American Banker

Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she committed fraud.

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Banking-as-a-Service Tops This Week's B2B VC Roundup

PYMNTS

With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Paid. The $2.8 million in new funding for U.K.

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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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Freddie Mac CEO David Brickman resigns, interim leader appointed

American Banker

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.

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Tencent Vows To Comply With Chinese Regulators’ Increasing Oversight

PYMNTS

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. 13), Beijing’s proposed new laws had a negative effect on the market value of the country’s tech leaders like Tencent and Alibaba , dropping some $290 million in two days.

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BAS 2020: Regions taps IBM Watson to upgrade call center

BankInovation

Regions Bank is using AI technology from IBM Watson to improve its customer service. During a presentation at Banking Automation Summit, presented by Bank Innovation, last week, Amala Duggirala, enterprise chief operations and technology officer at Regions, said call wait times have decreased 40% since the start of the COVID-19 pandemic, despite twice as much […].

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Google Moves Expedition VR Tool To Culture App For Home Learning

PYMNTS

Google is integrating its Expedition 360 virtual reality (VR) tools to Google Arts & Culture app to allow teachers to keep offering students digital adventures as remote learning continues. Google announced on Friday (Nov. 13) that the Expeditions app will not be supported anymore and will be removed from the App Store and Google Play after June 30, 2021.

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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.