PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. Nearly three years after the introduction of the second Payment Services Directive ( PSD2 ) in the U.K., there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

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Payments Dive

NOVEMBER 10, 2020

Jed Danbury, vice president at Computop, a global payments service provider, explains the benefits of using Click to Pay

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Payments 448

Perficient

NOVEMBER 11, 2020

Momentum in digital healthcare transformation… it’s massive, and much needed. As organizations adapt to new modes of care, demands on resources, and consumer expectations, payors and providers are eyeing opportunities to reduce costs, improve care, build awareness, and expand relationships. Here are 8 trends we’re currently tracking into 2021: TREND 1: The evolution of healthcare will be characterized by a reengineering of clinical care and operations around digital health and

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Accenture

NOVEMBER 9, 2020

In my previous post, I wrote about the changing dynamics in the cloud conversation. But a conversation is just that—a conversation. It’s meaningless if banks don’t take action. In this post, I will outline the considerations for a successful cloud strategy, potential value and overall challenges. For more information, read our detailed report The Cloud….

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

How To

Abrigo

NOVEMBER 10, 2020

Key Takeaways FinCEN has issued a new advisory in identifying and reporting human trafficking, supplementing its 2014 guidance. In addition to the original 10 red flags in the 2014 guidance, FinCEN identified 10 more indicators FinCEN noted ten behavioral indicators FIs should be aware of. The Financial Crimes Enforcement Network ( FinCEN ) has issued a new advisory on identifying and reporting human trafficking, supplementing its 2014 guidance.

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Perficient

NOVEMBER 9, 2020

When most people think about marketing automation, they think about sending emails to contacts. But, what can you really do with the right marketing automation tool? You can send personalized emails, text alerts, nurture customers, save internal time and resources, and create an overall better experience between your brand and your customer. With that being said, how can marketing automation benefit the healthcare industry?

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PYMNTS

NOVEMBER 10, 2020

The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea. It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. “It’s not an idea, it’s not a postulate. It is a fact — and we can prove it,” Zest AI CEO Mike de Vere told PYMNTS in a recent interview.

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Accenture

NOVEMBER 10, 2020

When it comes to digital, middle market banks want what the big banks have. But they assume it’s out of reach. The refrain I hear from leaders goes something like this: “I’d love to be more digital, but we don’t have a big bank sized technology budget.” Banks go so far down the rabbit hole…. The post Digital power for middle market banks appeared first on Accenture Banking Blog.

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Payments Dive

NOVEMBER 9, 2020

This e-learning series is designed to help traditional transaction-focused banks effectively harnesses the power of transformation to build an ideal customer experience for their retail network.

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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Perficient

NOVEMBER 12, 2020

Recently, Dave Shuford, a sales consulting director at Oracle, and Caz Halsey, a director of life sciences at Perficient, presented an informative webinar on Oracle Clinical One, a new unified clinical development platform. During the webinar, the two discussed how Clinical One is different from the legacy applications most people know. Specifically, David explained the industry’s shift from individual point solutions to a suite of applications to an integrated platform and then finally to a uni

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PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. The RTR is the foundation of Payments Canada’s plans to modernize the payments infrastructure in the country. .

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Payments Source

NOVEMBER 9, 2020

Ahead of a holiday shopping season that should focus heavily on e-commerce, Amazon is updating its rewards program to keep delivery drivers interested in handling its packages.

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Cards 163

Bobsguide

NOVEMBER 13, 2020

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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Groups Report 158

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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

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Perficient

NOVEMBER 9, 2020

Perficient is excited to announce that our Detroit office has officially been named a 2020 Top Workplace in Michigan! This is the fifth Perficient office to be recognized for being a top place to work this year – showing that our people and our culture continue to shine, even during this difficult time. So what makes our Detroit office a top workplace?

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PYMNTS

NOVEMBER 10, 2020

Cryptos are having a moment. Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million of bitcoin. J.P. Morgan said late in the month that it has gone live with JPM Coin.

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cryptocurrency blockchain Bitcoin Security 324

Jack Henry

NOVEMBER 12, 2020

First things first, I want to level with you. I’m a … Millennial. Need proof? I’m glued to my smartphone. I expect instant and convenient everything. I think anything over a two-day shipping timeframe is unacceptable. I met my husband on a dating app. And I can’t entirely disagree with Time calling me narcissistic, entitled, overly confident, and lazy.

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Payments Source

NOVEMBER 10, 2020

As the pandemic transforms the way corporations pay suppliers, many banks are watching nimble fintechs rush in with streamlined solutions customized for remote workforces. U.S. Bank didn’t want to risk getting cut out of that equation.

Fintech 154

Fintech Payments 154

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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.

Lending

Perficient

NOVEMBER 13, 2020

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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Report Strategy Video Technology 508

PYMNTS

NOVEMBER 11, 2020

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. The border-free network of bitcoin allows for money to be easily moved in any amount internationally, according to the outlet, which noted that the rise in bitcoin ATMs shows that the digital currency is becoming more and more popular as a method of payment.

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CFPB Monitor

NOVEMBER 12, 2020

Last week, the CFPB filed a lawsuit in a California federal district court against Performance SLC LLC, Performance Settlement, and Daniel Crenshaw, the owner and CEO of the two companies. Performance SLC is a debt-settlement company focused on federal student loan debt, and Performance Settlement is also a debt-settlement company. The complaint alleges that Performance SLC and Crenshaw violated the Telemarketing Sales Rule (TSR) by charging illegal advance fees to student loan borrowers seekin

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Payments Source

NOVEMBER 9, 2020

The everyday occurrence of patients leaving medical appointments or hospital stays with no idea what their insurance will cover, what they owe or what payment options exist would change dramatically if health care facilities turn to technology that delivers accurate billing at checkout.

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Payments Technology Industry 154

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.

US

Perficient

NOVEMBER 12, 2020

Digital disruption continues to accelerate across every industry, including the digital industry itself. The digital agency emerged in the 1990s, soon after companies realized that the web would be driving customers to their web site and that they needed to make sure these customers got there. Digital agencies merged decades-old creative and marketing experience with emerging user experience and interactive technology expertise to accelerate the dot com boom and give countless brick and mortar c

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How To Branding Customer Experience Industry 508

PYMNTS

NOVEMBER 12, 2020

Salesforce has rolled out its new Revenue Cloud product, which will work to simplify B2B purchasing for customers, according to a press release. Revenue Cloud, according to the release, will work to bring together configure, price, quote (CPQ) and billing, partner relationships and B2B commerce capabilities in order to consolidate services and streamline the process overall.

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social media System Online Management 316

BankBazaar

NOVEMBER 10, 2020

Credit Cards are absolutely great. But are they for everyone? Here are four types of people who should think twice before getting a card. *Published first in 2016. The post Four Types Of People Who Should NOT Get A Credit Card appeared first on BankBazaar - The Definitive Word on Personal Finance.

Cards 148

Cards 148

Payments Source

NOVEMBER 10, 2020

Even given the huge jump in digital transactions from e-commerce, card brands are holding out for COVID-19 vaccines as a path out of the payment declines that have accompanied 2020’s health and economic crises.

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Branding Cards Payments 148

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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

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