Chris Skinner
JULY 30, 2020
Someone asked me what the coronavirus pandemic means for the future of FinTech. I guess they thought that not much is happening and many firms will shutter and close. However, some may think that times are dull and boring, locked in at home and nothing going on, but there’s loads … The post What’s the impact of coronavirus on FinTech?
PYMNTS
JULY 28, 2020
The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions. Kabbage Steps Into Banking.
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Accenture
JULY 31, 2020
Banks, by and large, should be proud of how they’ve handled the early stages of the COVID-19 crisis—shifting quickly to remote working and helping provide customers with much-needed liquidity and financial support. More changes lie ahead. Some will be hard to predict (such as whether the public health crisis will be a one-off or recurring…. The post Banks, do right by customers to increase trust appeared first on Accenture Banking Blog.
Perficient
JULY 29, 2020
If you could turn back time, before COVID-19, what would you do differently? How would you ready your health system? Or what do you wish that you’d known or put into place? Come join us for an exclusive virtual event for healthcare providers, featuring top industry experts from Salesforce, Perficient and The Chartis Group, on Tuesday, August 11.
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.
Chris Skinner
JULY 29, 2020
A great headline posted in The Financial Times the other day: When the banks closed in Wuhan, nobody cared The Financial Times article makes clear how advanced the Chinese economy is today. For several months this year, banks across Hubei province, an area home to 60 million people, shut their … The post When the banks closed, no-one cared appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
JULY 31, 2020
In my first post, I talked about how it was time for banks to start looking beyond compliance in Open Banking and to imagine their role in the new application programming interface (API) economy. Open Banking offers banks the opportunity for greater efficiencies and new revenue growth, not to mention competitive advantages in an increasingly…. The post Two business models for monetizing Open Banking appeared first on Accenture Banking Blog.
Perficient
JULY 30, 2020
Perficient is a Top Place to Work in St. Louis. We’ve done it again! Perficient is proud to continue our tradition as a 2020 Top Workplace in St. Louis ! The St. Louis Post-Dispatch released the annual list with Perficient being named as one of St. Louis’ best midsize companies to work for. “I am thrilled that our employees in Missouri have once again recognized Perficient as a 2020 Top Workplace in the annual St.
Chris Skinner
JULY 27, 2020
Things we’re reading today include … Where the founders of Europe’s top 10 digital banks began their careers Deutsche Bank’s pay predicament is a bad omen for rivals. Tumble weeds in finance hubs Not for the faint of heart, is it time to buy bank shares? Thousands of small firms … The post Things worth reading: 28th July 2020 appeared first on Chris Skinner's blog.
Payments Dive
JULY 31, 2020
Shake Shack shares were down 10% after the chain reported sales and revenues both dropped nearly 40% during Q2. CEO Randy Garutti has a comeback plan with an emphasis on digital.
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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 26, 2020
India has embraced its model for digital payments so much that it intends to take it global. Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp. of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported.
Perficient
JULY 31, 2020
Automating rigorous manual testing efforts is the best strategy to demonstrate the capabilities of any skilled testing team. Combining these efforts efficiently can save time, increase productivity with improved quality. What are the reasons, most Testing Teams fails to take advantage of automation or rather mixing their Manual Testing efforts with Automation?
Chris Skinner
JULY 29, 2020
Things we’re reading today include … Barclays: We want our people back in the office FCA raps brokers over ‘inappropriate’ use of clients’ assets Barclays profits plunge as it puts aside £1.6bn for Covid-19 defaults Federal Reserve warns of continuing need to protect US economy Billionaire ordered to pay £270m … The post Things worth reading: 30th July 2020 appeared first on Chris Skinner's blog.
South State Correspondent
JULY 25, 2020
While several commercial real estate (CRE) sectors are showing signs of stress, the industrial sector is one of the few bank credit lines that are improving. Companies gained confidence at the end of the second quarter and started to lease more space. As such, weekly leasing activity jumped back to pre-Covid-19 levels after hitting a low in mid-April.
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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
PYMNTS
JULY 30, 2020
The ATM isn’t living up to its full potential, a fact that’s really starting to come into focus for financial institutions (FIs) under COVID-19. The days of the ATM serving as just a quick cash dispensary are numbered, Sonia Sedler , Diebold Nixdorf ’s global head of managed services and banking strategy, told PYMNTS in a recent discussion. Consumers who are rapidly moving to digital commerce in the pandemic’s wake are looking for very different things when it comes to transacting with financial
Perficient
JULY 30, 2020
BuiltIn Boston , an online tech community, recently interviewed Hiral Shah , a lead technical consultant at Perficient, to discuss the importance for women to self-advocate and the benefits she has realized as a result. Hiral gave insightful responses and advice while discussing how the Perficient community has been an integral part of improving her confidence and helping her self-advocate.
Chris Skinner
JULY 28, 2020
I’ve grown up in a period of strong political stability. I’ve been lucky. Many other people grew up in a period of strong political instability, with war and famine and economic starvation. I realise I’ve been lucky because I’m now looking at lockdown, China-US trade relations, British-EU trade relations, African … The post The new normal for conferences (#Money2020) appeared first on Chris Skinner's blog.
Abrigo
JULY 30, 2020
Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses.
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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.
PYMNTS
JULY 31, 2020
Tests of truly autonomous self-driving vehicles have been uneven at best, but with each scraped test hubcap, the concept draws closer to reality. Major automakers are in, with Toyota backing autonomous driving startup Pony.ai and Fiat Chrysler striking a deal with AutoX , the Hong Kong-based firm that has developed an artificial intelligence (AI) platform for driverless vehicles.
Perficient
JULY 31, 2020
As organizations continue daily adjustments in response to pandemic-related market shifts and customer expectations existing internal alignment challenges compound. The compounded alignment challenges multiply when digital strategy transformation activities are layered on. This perfect storm results in clients asking how they can get their teams unstuck, aligned, and moving again.
Chris Skinner
JULY 30, 2020
Things we’re reading today include: Lloyds bank reports loss after setting aside £2.4bn Lloyds reviews use of office space amid homeworking trend Schroders takes crown of UK’s largest listed fund manager Bridgewater faces losses and a lawsuit Five key moments from the big tech grilling Q, U, V or W: … The post Things worth reading: 31st July 2020 appeared first on Chris Skinner's blog.
Payments Source
JULY 27, 2020
Bill Clerico created WePay during the last financial crisis, and sees a similar opportunity now. The coronavirus pandemic is affecting different markets in vastly different ways, and easing the flow of capital is just one way to provide help.
Advertiser: Data Robot
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.
PYMNTS
JULY 29, 2020
With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. The bank’s messaging applies to Hong Kong and Macau as well. With U.S. sanctions against China looming, state lenders there have reportedly been developing contingency plans.
Perficient
JULY 30, 2020
It’s funny how changing one term in a phrase can make us think so differently about something. On a recent panel discussion with Digital Commerce 360 , I spoke about this exact paradigm change as it relates to the world of commerce. Product detail pages (PDP) have long been something that we in the commerce space have used to describe the page within a website that holds all the key information that a customer would need in order to research, share, or purchase a specific product or service.
Chris Skinner
JULY 25, 2020
The main blog headlines are … The FinTech Karaoke Challenge OK, OK, OK. I know that some of my friends have been doing FinTech and Banking songs for a while, and I’ve avoided it. I’ve also avoided doing much video, as I don’t like seeing myself on camera. And I … The post The Finanser’s Week: 20th July 2020 – 19th July 2020 appeared first on Chris Skinner's blog.
Payments Source
JULY 26, 2020
Payments in Brazil are about to make a significant pivot, turning a country in which consumers rely heavily on cash and remain skeptical about payment cards into the next region to pioneer faster payments.
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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.
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