Accenture
JUNE 29, 2020
In our last post, we looked at how central banks can harness the power of data. We move on now to the second pillar. Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. In the digital age, that means helping to cultivate new…. The post Next-gen central banking | Pillar 2: Enable and drive innovation appeared first on Accenture Banking Blog.
Chris Skinner
JUNE 28, 2020
Some of us are old enough to remember Arthur Anderson and Enron, a mixture of two companies that created an accounting mess bigger than any seen before in corporate history. That was until Ernst & Young (EY) and Wirecard. Interestingly, there have been many auditing mess ups in the past … The post Wirecard … the biggest accounting fraud? Is the customers money safe?
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Payments Source
JULY 1, 2020
An obscure-sounding statistic gives a fresh look at how dramatic the move to digital finance has been the past few months — and how permanent the move will be.
Perficient
JULY 2, 2020
This series was written with joy by Grayson Harden , Rebekah Williamson , and Mary Claire Freese. Don’t miss out on the first article, New Hires Gain Real-World Experience in the Corporate Onboarding Boot Camp. Creating Career Connections at Perficient. When accepting internship and full-time offers with Perficient, Atlanta’s newest members were anxious to get into the office and kickoff the 10-week Boot Camp training program.
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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
PYMNTS
JULY 3, 2020
The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth , head of travel at payments platform Flywire , told Karen Webster in a recent conversation. “They took [that] punch in the stomach first, and they’ve had to rebuild, thinking about the ways they can survive until the industry opens back up again,” Smyth said.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JUNE 30, 2020
Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.
Perficient
JULY 1, 2020
Forrester has included Perficient in its Now Tech: Oracle Apps Implementation Services Providers, Q2 2020 report. The newly launched report lists implementation service providers who help global clients identify potential partners to support their shift to Oracle Cloud providing guidance though each stage of an enterprise cloud transformation. Within the report, Forrester examined implementation service providers for their work with Oracle Cloud apps including ERP Cloud, EPM Cloud, and HCM Cloud
PYMNTS
JULY 1, 2020
A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . Dubbed the Pan European Payment System Initiative, or PEPSI, the group has the support of 20 French and German banks, and would handle all forms of cashless transactions. .
Chris Skinner
JUNE 29, 2020
During my MoneyBox interview about Wirecard (see end of this blog), Paul asked me the question: how could this happen again? What’s next? And I said, we learn from our mistakes. Progress never stops. Wirecard won’t shut down FinTech. It will amend it. This means this is not the end … The post BaaS works, it’s the regulations that don’t appeared first on Chris Skinner's blog.
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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
Bobsguide
JUNE 29, 2020
The US equities market may see a combined digital ledger technology (DLT) and legacy settlement solution, as accelerated settlements gain importance. “Moving towards that T+0 model is really around doing so as an industry and doing so with a way that doesn’t force.
Perficient
JULY 2, 2020
Since 1991, when the first website was introduced, websites have evolved from being purely content driven to becoming increasingly focused on their visual experience. While there is no argument that having a clean, cool, professional-looking, website is important it isn’t everything, especially when it comes to Accessibility. There is a popular misconception that implementing accessible design into your site means having to sacrifice its aesthetics.
PYMNTS
JUNE 29, 2020
In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported. According to emails seen by WSJ, the auditing firm knew of and had questions about the arrangements and was signing off on Wirecard’s financial results for years anyway.
Chris Skinner
JULY 2, 2020
I guess this week must be the week where I’ve found a lot of useful free research, as here’s another one. This time from Genpact, “a global professional services firm delivering digital transformation”. Some interesting stats in this report: By 2022, it is expected that 57.5 million U.S. millennials will … The post More free research from Genpact appeared first on Chris Skinner's blog.
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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.
Payments Source
JULY 2, 2020
More than a dozen large European banks plan to launch a payment system that would rival U.S. payment companies and technology firms, an idea that hasn’t worked in the past but may have a better chance given the current global health, economic and political crises.
Perficient
JULY 2, 2020
Site themes for a Sitecore SXA site determine the look, feel and interactivity of the user interface. Base themes, included by default in the Media Library, are intended to be leveraged as dependencies for one or more site themes. Base Themes are built on top of a set of core, third-party CSS and JavaScript libraries such as jQuery, jQuery UI, lo-dash, mediaelement, modernizr, etc.
PYMNTS
JUNE 29, 2020
The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans. Bank branches are either closing outright or slashing their business hours to help customers maintain social distancing guidelines — but fortunately, the growing familiarity of digital banking
Chris Skinner
JUNE 30, 2020
I recently did a podcast and webinar with the Institute for International Finance (IIF). The timing was great because they’ve just produced a set of three reports about digital transformation in partnership with Deloitte. I can thoroughly recommend the three reports so here they are: Realizing the Digital Promise: Part … The post Realising the digital dream (free research) appeared first on Chris Skinner's blog.
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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.
Bobsguide
JULY 2, 2020
As the US startup community celebrates the recent Volcker Rule reform, some worry the change could impair the banking system as it recovers from recent market volatility. Sankar Krishnan, executive vice president and industry head, banking and capital markets at Capgemini, is.
Perficient
JUNE 30, 2020
The use of Scheduled and Opportunistic Counting will improve your inventory controls. Cycle Counting utilizes both of these methods of counting. The utilization of both methods will increase the accuracy of your on-hand reporting. Inventory accountants need this to confidently and accurately report these numbers to investors and banks. So, what exactly is scheduled and opportunistic counting?
PYMNTS
JUNE 27, 2020
When COVID-19 exploded into a global pandemic that more or less shut down everything worldwide, restaurants began diving for digital cover and rapidly embracing order-ahead, curbside pickup, delivery options, modified menus and rewritten business plans – anything and everything they could think of to survive the shutdown and stay alive long enough for patrons to return for on-site dining. .
Chris Skinner
JULY 2, 2020
Things we’re reading today include … Wirecard North America sale draws interest from payments groups Why zero interest rates might lead to currency volatility How resilient are the banks? Barclays: Qataris spoke to Gordon Brown to ‘defuse 2008 bailout pressure’ Trade finance stumbles into the digital era Hong Kong: HSBC … The post Things worth reading: 3rd July 2020 appeared first on Chris Skinner's blog.
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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.
Independent Banker
JUNE 30, 2020
“With a heart led by compassion, let’s ask ourselves a question: Who do we want to be when we grow up?”. At times in our country, true independence has arisen from points of crisis—critical moments in time that require us to listen and reflect. Just think about the foundation of our nation so many years ago. A crescendo of events drove actions that ultimately led to the birth of a new nation.
Perficient
JUNE 30, 2020
In my last post, I shared the primary insights you need to pull together a Now/New/Next portfolio and get started on making sense of where you stand in the market. In this post, I’ll share how to use those insights to make sense of what to do about it. . The Approach. For most of us, there is no shortage of problems to solve or great ideas to consider.
PYMNTS
JUNE 29, 2020
After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. The cards contained perks like sign up bonuses, points on airfare, hotel stays and more — but now, with the pandemic necessitating staying at home and out of crowded tourist spaces, customers are wondering if the payments are worth it at all.
Chris Skinner
JUNE 29, 2020
Things we’re reading today include … Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic Deutsche Bank interns complain of cancellations on legal issues EY prepares for backlash over Wirecard scandal Four killed after gunmen attack Pakistan Stock Exchange Economic recovery hinges on … The post Things worth reading: 29th June 2020 appeared first on Chris Skinner's blog.
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