Payments Dive
JUNE 5, 2020
Frontline workers have faced many hardships during the COVID-19 pandemic, including the risk of economic insecurity. The growing trend among gig economy workers and other frontline employees, is the ability to get money directly into their pockets when they compete their daily obligations.
Chris Skinner
JUNE 2, 2020
I got a chart this week that made me smile. This is it … In one month, retail sales jumped massively from 16% to 27% of all sales. The end of main street is nigh. Other facts and figures that made me smile were Amazon’s retail sales jumping 24% in … The post 2030 arrives in 2020 appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Perficient
JUNE 5, 2020
On June 4, HCL and Google Cloud announced the expansion of their partnership to bring HCL’s software offerings, starting with HCL Commerce, to Google Cloud. Google Cloud will now be the preferred cloud platform for HCL Commerce, taking advantage of the global reach, security, and elasticity of Google Cloud. Why is this big news for HCL? There has been concern over the direction and future of the HCL Commerce platform since it was acquired from IBM.
PYMNTS
MAY 31, 2020
After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. Reed said his region has “improved marginally,” but that it is “not enough to get us out of this crisis moment.” “We can manage it, but we can’t sustain the trend that
Advertisement
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
Payments Dive
JUNE 2, 2020
The COVID-19 pandemic has led to a shift in payment preferences, as consumers are increasingly using contactless alternatives that can work at the point of sale or remotely.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
JUNE 3, 2020
I love cross-pollination among technology alliances. The announcement this week from AWS and Red Hat to bring managed OpenShift to AWS cloud has me thinking about other great combos such as chips and salsa, or the sun and moon, or Simon & Garfunkel. According to this Forrester article by Jay McBain, 73% of B2B buyers report that buying through eCommerce, web direct, or marketplaces is very convenient.
Accenture
JUNE 2, 2020
In his report on the top 10 banking trends for 2020, our global banking lead, Alan McIntyre, made a telling observation: that the focus of Open Banking has shifted from payments initiation services to consumers’ data rights. The impact? Today, banks don’t just need to show that they can be trusted with aggregated customer information.…. The post The impact of new payments methods on the payments landscape appeared first on Accenture Banking Blog.
PYMNTS
JUNE 2, 2020
Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit.
Chris Skinner
JUNE 3, 2020
The other day, I said that I was confused about the future. Some folks said that seems strange for ‘a futurist’, but I’m not a futurist. I’m just a guy who looks to the future and tries to understand and predict what I can. We often get predictions wrong. The … The post I’m not a futurist appeared first on Chris Skinner's blog.
Advertisement
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
Perficient
JUNE 4, 2020
Blue Prism, our newest robotic process automation partner , is hosting its annual conference, Blue Prism World , June 23-24. In response to COVID-19, the conference will now take place online, replacing Blue Prism’s previously scheduled London and New York events. Registration is free and open to all who wish to attend. Blue Prism World will feature content for a digital workforce for every enterprise, highlighting how you can increase productivity, accelerate innovation, and optimize service qu
Accenture
JUNE 2, 2020
When transitioning to Open Banking, one of the key considerations for banks is their operating model and governance structure. If banks do not adapt to new ways of working, they may risk losing market share to savvy new digital entrants. In our experience working with banks across the globe, we found that focusing on the…. The post Finding the right operating model and governance for Open Banking appeared first on Accenture Banking Blog.
PYMNTS
JUNE 2, 2020
Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2 percent drop on May 29, according to an announcement. The nowcasts of real personal consumption expenditures growth for Q2 fell from a 56.5 percent drop to a 58.1 percent drop, and real gross private domestic investm
Chris Skinner
MAY 31, 2020
Goldman Sachs just became the bad boy on the block in the bitcoin brethren by saying bitcoin has nothing behind it. Remember last week when we were all bullish for the Goldman Sachs Bitcoin call? L pic.twitter.com/W5lRyx1L5Y — Zack Voell (@zackvoell) May 27, 2020 However, when you look at their … The post Goldman Sachs compare bitcoins to tulips, and cryptofolks aren’t happy appeared first on Chris Skinner's blog.
Advertisement
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.
Perficient
JUNE 5, 2020
This week, Perficient’s Customer Engagement Solutions team launched a preview of a product that extends native Amazon Connect capabilities. After working with many customers in migrating contact centers to Amazon Connect, our team wanted to create a solution that assists in managing custom-developed modules from a unified web-based interface. Administrative Tool Features.
Accenture
JUNE 1, 2020
The finance ecosystem—clients and employees, shareholders and stakeholders—is striving for purpose and sustainability. Environmental, social and governance (ESG) considerations are at the forefront of financial decisions, supported by the Sustainable Development Goals (SDGs) and increased awareness of the climate emergency. Sustainable finance is sometimes referred to as green finance, but it’s not just about reducing….
South State Correspondent
JUNE 1, 2020
PPP forgiveness is fraught with peril for bankers. Done the wrong way, and it will suck countless resources. Aside from having a good process and/or technology platform, having a marketing plan will be the difference between success and failure. If done correctly, an application can take 20 minutes to review and approve. If done incorrectly, that same application will take over three hours.
Chris Skinner
JUNE 2, 2020
Wondering about the future. Always wondering about the future. Thinking about where things are going. It’s the only thing we don’t know. We know the past; we live in the present; we wonder about the future. What’s my future? What’s your future? What’s the future for our children and our … The post The end of main street appeared first on Chris Skinner's blog.
Advertisement
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.
Perficient
MAY 31, 2020
Update Overview. Microsoft recently announced that they will be making some updates to the cloud recordings regional storage control. If you’re not familiar with Microsoft Stream, all meeting recordings within Microsoft Teams are stored in Microsoft Stream. However, tenant admins do have the option of turning ON/OFF the ability to “Allow Cloud Recording” Currently, the meeting recording feature is turned off for customers whose Teams data is stored in-country if Microsoft Strea
PYMNTS
JUNE 3, 2020
Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.
Bobsguide
JUNE 4, 2020
Investment in UK fintechs expanded by 500 percent over the past five years, eclipsing levels in the US – which recorded 170 percent growth over the same period - and Europe, which recorded a 133 percent increase. A recent report has also found that UK fintechs received the greatest.
Chris Skinner
JUNE 4, 2020
Things we’re reading today include … Can you help? (research request) Goldman Sachs executive’s email making plea for racial equality goes viral at firm Revealed: UK banks and investors’ $2bn backing of meat firms linked to Amazon deforestation Wealth management faces fallout from coronavirus ESG investors get their heads around … The post Things worth reading: 5th June 2020 appeared first on Chris Skinner's blog.
Advertisement
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.
Perficient
JUNE 5, 2020
Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. Multiple regulatory controls are required for the custodianship of patient and customer data, creation of secure software systems, governance of development environments, and ensuring proper management of audit information.
PYMNTS
JUNE 2, 2020
Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for example, are turning to telehealth solutions to service patients for routine appointments as to keep those individuals from entering hospitals or doctors’ offices and risking exposure.
Independent Banker
MAY 31, 2020
“Well-executed leadership is less about marching to your own beat and more about creating a well-choreographed team play.”. Remember that childhood game follow-the-leader where one person directed, and the others walked in line? Well, it was not a favorite of mine, and I could never quite pinpoint why. As I’ve moved forward in my career, I realized what bothered me: The leader in that game dictated the path, and others blindly followed suit.
Chris Skinner
MAY 31, 2020
The main blog headlines are … What happens if consumers stop consuming? I saw an interesting article the other day: I Don’t Feel Like Buying Stuff Anymore … our economy is built on Americans of all class levels buying things. What happens when the ability — and desire — to … The post The Finanser’s Week: 25th May 2020 – 31st May 2020 appeared first on Chris Skinner's blog.
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.
Expert insights. Personalized for you.
273 
Let's personalize your content