Perficient

JANUARY 21, 2021

With the onset of the COVID-19 pandemic, businesses and consumers are reminded that anything can happen. Consumers are looking to the companies and resources they trust to understand relevant, rapidly evolving information and guidance. Brands have an opportunity to grow that trust by creating website experiences with up-to-date visuals, content, features, and functionalities consumers need to quickly navigate and find the information they are seeking.

User Experience 508

User Experience Strategy Meeting Branding 508

Accenture

JANUARY 21, 2021

Equipment and auto finance organizations rely on risk ratings to manage expected lease and loan defaults and delinquencies. But today’s risk ratings and models are based on pre-COVID-19 numbers, so how applicable will they be in 2021? Vaccine campaigns have begun globally, which is welcome news, and GDP projections suggest that we’ll see a rebound….

Analytics 363

Analytics Management 363

Perficient

JANUARY 21, 2021

The stakes to evolve your business and adapt to new realities have never been higher. How do you accelerate and scale your transformation cost-effectively? The answer – optimized global delivery. Follow this series and learn more about our nearshore software development capabilities from members of our global consulting team in Colombia. When coordinating software development projects, you must consider multiple variables at any given time.

Software 309

Software Big Data America Innovation 309

Accenture

JANUARY 21, 2021

After a tumultuous 2020, the New Year brings more change and, for commercial banks that act boldly, new opportunities in Open Banking. As of February 1st, Australia enters the next phase of its Open Banking transformation when banks and other financial institutions are required to be ready to share business finance data across the industry…. The post Enabling Open Banking for Business Finance: 5 actions to take now appeared first on Accenture Banking Blog.

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Data Industry 359

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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

Lending

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement.

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Management User Experience Innovation Fintech 303

PYMNTS

JANUARY 21, 2021

Insurance provider Chubb has rolled out a new insurance partnership with digital banking services FinTech Revolut , according to a press release. With the partnership, Revolut customers will have access to a range of coverage, including purchase protection, refund protection and ticket cancellation in places where the Revolut account is used, the release stated.

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Regional Digital Banking Regulation Fintech 280

Payments Source

JANUARY 21, 2021

The Bank of France will shut down more than a third of its cash handling centers by the end of 2022 as the Covid-19 pandemic accelerates a decline in the use of notes and coins.

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PYMNTS

JANUARY 21, 2021

As the holiday shipping delay season fades into the books, the feeling of ordering something and doubting its arrival should be fresh in the minds of American consumers. Now imagine that same feeling, with thousands — or even millions — more dollars at stake. Welcome to the world of international trade finance and the business of smoothing over the 90-plus day payment lags and quality fears that trading partners often half a world apart must routinely contend with on a daily basis.

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Capital US Data blockchain 259

CFPB Monitor

JANUARY 21, 2021

The U.S. Department of Housing and Urban Development announced on January 20, 2021 that effective January 19, 2021 individuals who are classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service (USCIS) and are legally permitted to work in the U.S. are eligible to apply for FHA mortgages.

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Handbook Lending US Security 148

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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

Report

PYMNTS

JANUARY 21, 2021

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

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Mobile Report Trends Digital Banking 252

SWBC's LenderHub

JANUARY 21, 2021

We’ve all been on Zoom calls this year in which real life has made its way into a business meeting. You see a toddler’s hand reach across the screen or a cat trying to jump onto a keyboard while someone is giving a presentation, and you realize—we’re all humans who are doing the best we can to adjust to and carry on with our lives in the midst of a chaotic year.

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Meeting 137

PYMNTS

JANUARY 21, 2021

The healthcare industry continues to be on high alert and many hospitals are operating increasingly close to maximum capacity. Elective procedures typically handled at the hospital have not returned to pre-pandemic levels, and healthcare organizations continue to feel the effects and incur losses from the reduced volume. “I think the most [financially] at risk are those large conglomerates, those large hospital systems,” said Dominick Colabella , CEO of Rectangle Health in a recent chat with PYM

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System Payments Cards Industry 250

Bobsguide

JANUARY 21, 2021

In the beginning, digital challengers presented themselves as a kind of anti-bank proposition. This initially served them well, especially in the wake of the 2008 financial crisis - which eroded peoples’ confidence in high street lenders so severely that ten years on two thirds of Brits still.

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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.

Lending

PYMNTS

JANUARY 21, 2021

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. Barneys became the latest brand to rise from the dead recently when the retailer reopened as “ Barneys at Saks ,” a store within a store at the flagship Manhattan site of its former rival, Saks Fifth Avenue.

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Retail Los Angeles New York Branding 246

Payments Source

JANUARY 21, 2021

Anyone who experiences severe side effects as a result of this mass vaccination campaign must go through a relatively little-known program that has existed since 1979.

Payments 130

Payments 130

PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. In an interview with PYMNTS, Denise Stevens , senior vice president and chief product officer at PSCU , said contextual offers and predictive analytics will help CUs compete more effectively with larger, traditional financial institutions (FIs) — and cement member loyalty.

Analytics 240

Analytics Fraud Trends Mobile 240

Payments Source

JANUARY 21, 2021

Many financial institutions have made initial moves into real-time payments via P2P services, and the use cases will jump over time, says Fiserv's Matt Wilcox.

Payments 113

Payments 113

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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.

US

PYMNTS

JANUARY 21, 2021

Immediate disbursements are gaining favor in various industries and sectors. They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Such rapid business-to-business (B2B) payments give buyers better control over their cash flows and spare vendors from waiting for money to settle.

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Fraud Security Payments United States 231

TheGuardian

JANUARY 21, 2021

JP Morgan boss rakes in salary, bonus and stock in 2020 Dimon said in 2019 that income inequality was a ‘huge problem’ Jamie Dimon, the billionaire boss of JP Morgan who has warned income inequality has “bifurcated the economy” in America, was paid $31.5m in 2020, the bank announced on Thursday. The news is likely to cast a harsh spotlight on a figure who has opined about the need for a more caring and equitable capitalism yet appears to have vastly increased his fortune at a time of immense suf

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America Capital US 107

PYMNTS

JANUARY 21, 2021

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. 21) that it would stay the course regarding procedures instituted during the COVID-19 pandemic. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

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Policies Operations Maine Course 226

BankUnderground

JANUARY 21, 2021

Fraser Drew, David Humphry, Michael Straughan and Eleanor Watson. For most of us buying insurance nowadays, price comparison websites offer plenty of choice. But how much competition in insurance markets is there? There are very few studies that address this question (see here for a summary), unlike for banking where there is a wide literature. We take an exploratory approach to address the question, applying benchmarks used in competition research to a unique set of reporting data across multip

Marketing 103

Marketing Analysis Policies Regulation 103

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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.

Compliance

PYMNTS

JANUARY 21, 2021

Mytheresa is set to go public at a value of $2.2 billion, with its stock priced at $26 per share, above its planned range of between $16 and $18 per share. The firm plans to list its stock on the NYSE with the “MYTE” ticker symbol and will commence trading on Thursday (Jan. 21), Reuters reported. Mytheresa said it is selling approximately 13.6 million American depositary shares (ADS), while its only stockholder would sell two million ADS.

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Branding Retail Security Report 220

Payments Source

JANUARY 21, 2021

Virtual worlds, built for gaming or social interaction, are still trying to turn their digital economies into something real. Crypto regulation could be a hurdle.

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Regulation Compliance 95

PYMNTS

JANUARY 21, 2021

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. The feature will be available for both payers and payees, and it will offer live updates on the status of international payments at all stages of the fund transfer process, the release stated.

Payments 219

Payments Security Tools Data 219

Payments Source

JANUARY 21, 2021

When life turns upside down, customers and employees need help with finding swift solutions to problems they may have never faced or even considered—and companies require innovation guided by more than a slide deck, says Western Union's Nicole Vogrin.

Innovation 96

Innovation Company Payments 96

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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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