Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Marketplace Lending – Finding the Perfect Partner

Jack Henry

The secondary market for buying and selling loans was formed in the late 1800s as the mortgage market in the United States grew following the passing of the National Bank Act in 1864. This market traditionally has been operated using highly bespoke transaction agreements and a relationship-based system of market participants.

Lending 167
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What’s new with Microsoft Teams Recordings?

Perficient

Recently, Microsoft announced they’d be making some changes to where your meeting recordings will be stored. In this blog article, we’ll cover what this change entails and how you can start preparing for things within your organization. Where will my meeting recordings be stored now? In the past, any Teams meeting recording (TMR) would be saved to Microsoft Stream ( with the exception of those not licensed for Stream ).

Meeting 524
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Stem: A fintech solution helping the music industry prosper

Payments Dive

The music industry has been hit hard by the coronavirus. Concerts and tours are cancelled leaving those in the industry, from the novice to the veteran, scrambling for revenue. Stem, a distribution and payments platform founded by Milana Rabkin Lewis, is ready to lend a hand to help artists through the pandemic and beyond.

Industry 412
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How to build future-ready banking operations beyond the pandemic

Accenture

So far in this blog series, I’ve talked about how COVID-19 is amplifying banks’ need for innovation and the key technology trends that will shape the near future. The long-term challenge is to set banks up to successfully rebuild and recover when the worst of the pandemic is over. Here are some considerations for building a future-ready banking…. The post How to build future-ready banking operations beyond the pandemic appeared first on Accenture Banking Blog.

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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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Oracle, SWIFT Add Fast Cross-Border Payments For SMBs

PYMNTS

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

Payments 363

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Thick file customers vs thin file: AI helps level the playing field

Payments Dive

For the unbanked, being able to establish credit is almost unattainable. The unfortunate scenario is many of those classified as a bad risk could realistically be one of the most credit worthy customers. Peter Barcak, CEO and founder of CredoLab PTE Ltd, explains how using AI technology can determine if a customer is risk-worthy.

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Digital Maturity + COVID-19 Resilience = Strategy

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. My first blog introduced the Digital Maturity Index (DMI), and concluded that digitally mature banks are best-positioned for a post-pandemic world. My second blog introduced our COVID-19 Resiliency Index (CRI), and showed how mapping each bank’s ranking on….

Strategy 364
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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Payments 360
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Video: 8 Ways to Crank up your Sitecore Authoring and Marketing Experience

Perficient

Whether you are launching a new Sitecore XP environment in the next few months or are wanting to enhance your authoring and marketing experience, this video should be a whistle stop on your enhancements campaign tour. Originally this content was to be presented live in Budapest at SUGCON 2020 but then, well, you know. Like the rest of the world, we went virtual and this was delivered to a focused audience of Sitecore diehards and technical wizards.

Video 508
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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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How financial institutions, credit unions can improve operations, customer experiences

Payments Dive

The coronavirus forced financial institutions to search out new ways to engage with customers.

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A How-To Guide for Monetizing Open Banking and CDR data

Accenture

In our last post, we shared the two emerging business models that are powered by Open Banking application programming interfaces (APIs) and open data—banking as a platform and banking as a service. The future of any Open Banking or Consumer Data Right (CDR) offering will depend on the value it provides, or the monetization options….

How To 312
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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

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How Perficient and Microsoft Can Help You Return to Work

Perficient

To say the world has changed this year would be an understatement. In every part of life, we have had to learn and adapt, and business is no different. The truth is that your business will never be the same. The world today is digital first more than ever, and your business must adapt to meet the need of your consumers – both internally and externally.

Strategy 429
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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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Full PCI compliance dips while security threats mount

Payments Source

It's a perplexing problem for those developing and instituting Payment Card Industry data security standards: Even as threats rise, the number of organizations that fully comply continues to drop.

Security 196
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Middle market banks’ top three cloud myths

Accenture

Lately it seems like every conversation I have with middle market banks turns into a discussion about cloud. Leaders are increasingly worried about being left behind, and rightfully so. The hype is real. This market’s interest in cloud stems from what’s happening across banking. A full 95% of banks have adopted some form of public…. The post Middle market banks’ top three cloud myths appeared first on Accenture Banking Blog.

Marketing 307
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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

PYMNTS

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

Payments 343
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Not All Texts Are Created Equal

Perficient

Whether you work in big tech or the service industry, you are retired or grudgingly buying your pre-teen their first smartphone, let’s face it, texting has become the most used communication tool in your daily life. SMS ( Short Message Service ), aka “Texting”, enables many to skip voice communication altogether and opt for the instant power at their fingertips.

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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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Nexi said to eye Denmark’s Nets in new blockbuster payments play

Payments Source

Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA, as consolidation in the sector shows little sign of easing.

Payments 165
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CFPB Issues RESPA Section 8 FAQs and Rescinds 2015 Marketing Services Agreement Bulletin

CFPB Monitor

The CFPB recently issued Frequently Asked Questions ( FAQs ) addressing the referral fee and fee splitting prohibitions under Section 8 of the Real Estate Settlement Procedures Act (RESPA). The CFPB also rescinded its Compliance Bulletin 2015-05, RESPA Compliance and Marketing Services Agreements. As previously reported , Bulletin 2015-05 is a good example of the adage “Be careful what you ask for, you may get it.

Marketing 148
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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin

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My Summer Internship Experience With the Marketing Team at Perficient

Perficient

Over the past ten weeks, I have had the amazing opportunity to work as a marketing intern with the corporate communications team at Perficient. It has been a summer full of growth, learning, and laughs, and I have thoroughly enjoyed my time here. Building My Experience – And My Network! I am about to step into my senior year of high school, and I have been very involved in a variety of activities over the course of my high school career.

Marketing 322
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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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Digital ID can rise to meet the challenge of the digital wave

Payments Source

Opportunistic criminals are taking advantage of an environment where our need to live more of our lives online has outpaced our ability to do so securely. Taking all necessary precautions to protect sensitive information should be at the forefront of the discussion, says Horizon8's Patrick Horgan.

Meeting 159
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Throwback | Our Day Of ‘Wise Selfishness’ – A Visit To The Wildlife Rescue And Rehabilitation Centre, Bangalore

BankBazaar

“It is important that when pursuing our own self-interest we should be ‘wise selfish’ and not ‘foolish selfish’. Being foolish selfish means pursuing our own interests in a narrow, short-sighted way. Being wise selfish means taking a broader view and recognizing that our own long-term individual interest lies in the welfare of everyone. Being wise selfish means being compassionate.” – Dalai Lama.

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Robinhood Reports Potential Hacking Incident

PYMNTS

Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.

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Argus Safety, Oracle Clinical & RDC Release Notes [Oct. 2020]

Perficient

Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety. Oracle Clinical/Remote Data Capture (OC/RDC). Thesaurus Management System (TMS). Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, we post a fresh version monthly to eliminate confusion.

Software 322
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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.