Sat.Jul 18, 2020 - Fri.Jul 24, 2020

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Hey bank, get onto my cloud!

Chris Skinner

I’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud. McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to … The post Hey bank, get onto my cloud! appeared first on Chris Skinner's blog.

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How open data can help in the post-pandemic era

Accenture

As I illustrated in my last post, there are already plenty of examples of open data innovations being used to help with the unprecedented disruption and uncertainty that the COVID-19 crisis has caused. The question now is: What’s next for Open Banking and open data more broadly? What the COVID-19 lockdowns have certainly given us…. The post How open data can help in the post-pandemic era appeared first on Accenture Banking Blog.

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Join Perficient at the Automotive CX Summit Series!

Perficient

Perficient is proud to be sponsoring this year’s Automotive CX Summit Series ! After providing an exclusive, in-person event for 15 years, this year’s Summit will take place virtually. The event will consist of two half days providing attendees with meaningful content focused on the automotive industry and peer-to-peer networking. Join Our Session.

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US Bank deploys smart assistant to boost digital banking

Payments Dive

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app.

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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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FinTech challenger and neobanks in Brazil

Chris Skinner

I stumbled across a great article about Brazilian neobanks the other day. Bearing in mind that Nubank is the most successful neobank in the world, with 25 million users at the start of June. As a result, when I saw a great article about banks in Brazil by Contexto, who … The post FinTech challenger and neobanks in Brazil appeared first on Chris Skinner's blog.

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New Hires reflect on Perficient’s Summer Training Program

Perficient

This series was written with joy by Grayson Harden, Mary Claire Freese, & Rebekah Williamson. Don’t miss out on our previous blog post, Starting Your Career Remotely: Thoughts and Tips from Perficient’s Newest Colleagues. Wrapping Up: Q&A and Takeaways from Our Interns & Associates. Our 10-week Boot Camp training program is coming to a close this week, and though we are sad to see our interns leave, we are lucky to have had such solid team this summer.

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Wells Fargo taps Williams to drive digital strategy forward

Payments Dive

Wells Fargo is looking to focus its digital banking strategy as it emerges from the COVID-19 lockdown and completes an organizational restructuring.

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Pay-by-Nose, a new innovation

Chris Skinner

I blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent. It’s getting a bit ridiculous now however, when payments companies are designing payments for cats and dogs … or maybe it’s not … it’s just an extension of technologies that work for humans. My … The post Pay-by-Nose, a new innovation appeared first on Chris Skinner's blog.

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How Mastercard Is Taking Crypto To The Point Of Sale

PYMNTS

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Crypto enthusiasts proclaim that you can front the best-known players like bitcoin or the most obscure blockchain-backed currencies circulating the world and tap into the future of money.

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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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New file sharing experience coming to Teams

Perficient

Starting in August Microsoft will begin pushing out a new file sharing experience for Microsoft Teams. In this blog, I’ll quickly highlight what this new update will entail and how you can prepare for this change at your organization. End-user experience. From an end-user perspective when they are typing in a chat, they will attach the file using the paperclip Attach icon, select from Recent, Browse Teams and Channels or OneDrive , choose the file they want to share, and click the Share a

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What COVID-19 Might Mean For Your Branch Strategy

South State Correspondent

Chances are you were already reducing the number of your branches. Between the interest rate environment over the past several years, the increase in digital spend, and the quest for greater operating leverage, banks can no longer afford large branch structures and still return their cost of capital. Recent studies now suggest a lower probability of a COVID-19 vaccine and a much lower probability of achieving herd immunity, at least over the next three to five years.

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Things worth reading: 23rd July 2020

Chris Skinner

Things we’re reading today include: JPMorgan private bank managed at least $10million for Ghislaine Maxwell Should you leave your banking tech job for AWS? One in 10 born in 1980s to inherit more than half average lifetime earnings How strong are Britain and China’s economic ties? FCA may block appointments … The post Things worth reading: 23rd July 2020 appeared first on Chris Skinner's blog.

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Three COVID-19 projections for payments in Europe

Accenture

My previous post looked at the tremendous impact the COVID-19 pandemic has had on consumer spending in Europe to date. This time, we’ll shift focus to the future and unpack what the pandemic will mean for key industry verticals and channels in Europe. The projections will focus on the card issuing and merchant acceptance segments…. The post Three COVID-19 projections for payments in Europe appeared first on Accenture Banking Blog.

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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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Handshake Search Connector Framework Product Introduction Video

Perficient

Enjoy this product introduction video, with some of the first views of the Handshake User Interface and introduction to the featureset. Don’t be limited by what you can crawl out of the box. Handshake puts your content at your users’ fingertips. For more information, contact search@perficient.com.

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Spotify Launches ‘Video Podcasts’

PYMNTS

Spotify Technology on Tuesday (July 21) augmented its big push into podcasting with a major new offering, as the music streaming service announced plans to let select creators roll out videos along with their core audio offerings. Promising a “visual and audio feast,” Spotify said that both free and paid subscribers will now have access to “video podcasts” from the creators of podcasts like Book of Basketball 2.0 , Fantasy Footballers , Misfits Podcast , H3 Podcast , The Morning Toast , Hig

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The Finanser’s Week: 13th July 2020 – 19th July 2020

Chris Skinner

The main blog headlines are … What you really, really want is money (that’s what I want) I’ve written quite a few times about how economies work and the role of money as power. In particular, money is not just power but status, and leads to attractiveness, and the ability … The post The Finanser’s Week: 13th July 2020 – 19th July 2020 appeared first on Chris Skinner's blog.

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The reconciliations superstar: How current conditions shine a light on outdated technology

Bobsguide

Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology – everyone was a reconciliations superstar, focused on bringing about change and improvement. However, in more recent times.

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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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Digital Innovation When It’s Needed Most the Theme of Microsoft Inspire’s Day 1 Keynotes

Perficient

The COVID-19 pandemic was always likely to be a talking point at Microsoft Inspire. Microsoft didn’t shy away from it either, acknowledging immediately that this year was a little different. The keynote speakers on Day 1 of Inspire – Microsoft Corporate Vice President of Commercial Partners, Gavriella Schuster, Microsoft Executive Vice President of Worldwide Commercial Business, Judson Althoff, and Microsoft Corporate Vice President of Consumer and Device Sales, Nick Parker – didn’t lament the d

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Goldman Sachs Forecasts Acceleration In eCommerce Sales

PYMNTS

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. The firm said the acceleration was mainly fueled by quicker growth in the United States, Brazil, Western Europe and a good share of APAC, according to the Monday (July 20) report.

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Things worth reading: 24th July 2020

Chris Skinner

Things we’re reading today include … Ex-Barclays banker’s sexist comments about Amanda Staveley released Ant Group announces plans to list in Shanghai and Hong Kong Banks lose out to capital markets when it comes to credit provision A shift from paper to virtual cash will empower central banks What are … The post Things worth reading: 24th July 2020 appeared first on Chris Skinner's blog.

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Amex earnings show how steep the climb to recovery will be

Payments Source

Three months ago, Stephen Squeri, the chairman and CEO of American Express, declared a global "economic free fall" due to the coronavirus. Its second-quarter earnings show how far a fall it has been.

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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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Defer offscreen images in Sitecore

Perficient

When chasing down performance problems on a website, you’ll often times hit an error around deferring offscreen images. This warning occurs when you have imagery “below the fold” (e.g., the area you must scroll to see) loading on your webpages. This problem is especially rampant in CMS systems where you’re never quite sure what the content authoring team is assembling.

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Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

Megamalls are having mega problems. The two largest U.S. malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Located in Bloomington, Minn., the Mall of America features not only 500 stores, but also some 28 amusement-park rides, an aquarium and more.

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Things worth reading: 21st July 2020

Chris Skinner

Things we’re reading today include: Big banks look to the cloud to accelerate digital shift Global banks scrutinise their Hong Kong clients for pro-democracy ties Klarna: We tightened our lending in lockdown RBS tells its staff to carry on working from home until next year UK households suffer biggest financial … The post Things worth reading: 21st July 2020 appeared first on Chris Skinner's blog.

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A Chat With Danish Sait – The Master Quipster

BankBazaar

They say you know a man by his acts. However, this adage certainly does not hold true for everyone’s favourite quipster, Danish Sait. After all, how many people can play the role of radio jockey, emcee, actor, comedian, writer and prankster-par-excellence with such ease? It goes without saying that he is undoubtedly the undisputed master of improvisation and the imitation game.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.