Sat.Jan 02, 2021 - Fri.Jan 08, 2021

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Lending in 2021 – Find Your Why

Jack Henry

As we look back upon 2020 it’s easy to feel as though we’ve stepped into an alternate universe. Who might have guessed, heading into the year that a health crisis would emerge and reverberate through the economic and social fabric of our world? And, while we’ll be forever changed by the experiences of this year, we must also look toward the future, and the promise of recovery the new year brings.

Lending 148
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The Organic Evolution of Global Delivery

Perficient

In the pre-pandemic era, some of the stigmas of a global delivery model for projects included fears that getting a hold of your team on-demand is necessary to get work moving faster, spending time together physically to understand and communicate better is key with a culturally diverse group; you get what you pay for, and so on. A good majority of our business community still believed that nothing could substitute a traditional in-person office environment to get the most effective productivity

Community 340
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CBDC and Technology: Enabling Blockchain to Drive Change

Accenture

Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance. The key innovation is the adoption of a value-based, or token-based, approach to money.

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A new administration spotlights cross-border payments

Payments Dive

Matt Montes is U.S. general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S., which was acquired by Green Dot Corporation. Matt shares with us his hope for the future.

Payments 508
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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How Mexico’s Central Bank Plans To Move Payments To Digital

PYMNTS

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Slowly. In an interview with PYMNTS' Karen Webster, Miguel Diaz , general director of payment systems and market infrastructures at the Central Bank of Mexico (Banxico), said that making and receiving payments across devices in an affordable manner, with faster payments infrastructure already in place, means that “every Mexican

Payments 363

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Instant Payments: Changing the Middle East payments landscape

Accenture

This thought leadership piece looks at Instant Payments in the Middle East – how this innovative trend being implemented in the region and elsewhere is changing the payments landscape, and what banks should do to fully leverage its value. Instant Payments are coming Instant Payments are a revolutionary feature of the payments landscape in more…. The post Instant Payments: Changing the Middle East payments landscape appeared first on Accenture Banking Blog.

Payments 299
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Why digital laggards finally became part of the digital payment landscape

Payments Dive

Bethany Ewing, customer marketing, mobile payments lead, Deloitte Digital and Peter Pearce, senior manager of financial services strategy for Deloitte Consulting share their insight on a study the company conducted on whether or not customers that migrated to a digital payments during the pandemic will continue to do so post-pandemic

Payments 476
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Robinhood May Sell Shares Directly To Users If It IPOs

PYMNTS

Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO). The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price.

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Asset Maintenance Philosophies to Conquer Everyday Life, a How-to

Perficient

Maintenance. A word that does not inspire many people. It implies either an undesirable task or an unwanted cost. But, is maintenance really a bad thing? In this post, we’ll discuss some of Asset Maintenance Management philosophies and how they can positively impact your everyday life. Types of Asset Maintenance. Asset Maintenance is broken down into the following types: Emergency Maintenance.

How To 520
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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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PayPal partners with Ingo Money on Venmo check deposit

Payments Source

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.

Mobile 193
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Contactless Payment: The future of public transportation

Payments Dive

When it comes to moving forward, what type of payment structure can customers count on from public transportation?

Payments 476
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Jumio Sees Vaccine Passports Intersecting With Digital ID

PYMNTS

For the travel industry, there is light at the end of the tunnel. Vaccines against COVID-19 are (slowly) being rolled out. And while it will take a while to return to any semblance of normal, cruise ships and airlines will at some point once again bustle with travelers journeying for business and pleasure. But no matter where crowds gather, it’s likely that some things will change.

Data 362
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How to use Microsoft Teams Breakout Rooms (Part 1 of 2)

Perficient

Microsoft recently announced the general availability of Microsoft Teams Breakout Rooms! This has been a long-awaited ask from the tech community and has been in the works for quite some time! In today’s blog, we’ll discuss what a breakout room is used for, how to create one, how to assign people to a specific breakout room, and how to start/open and close your Breakout Rooms.

How To 520
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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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Seamless payment experiences essential in months ahead

Bobsguide

It is set to be a transformative year for payments say those in the industry. The pandemic will continue to have a huge impact, particularly in digital payments and open banking. While digital payments have grown over the past few years, they became an essential, as merchants and consumers.

Payments 182
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IRS, Treasury to send 8 million Visa prepaid cards to speed delivery of stimulus funds

Payments Source

The Treasury Department and IRS are sending out approximately 8 million Visa prepaid cards to deliver a second round of Economic Impact Payments (EIPs) to consumers.

Cards 170
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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation

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Making Meaningful Data Reports with Microsoft Power BI

Perficient

Create Power BI r eports to effectively translate your business data . Microsoft’s Power BI is a versatile platform that allows users to connect to and transform data to make meaningful and interactive visualizations. With a familiar and intuitive interface, Power BI Desktop makes connecting to a data source and creating useful reports easy.

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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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Market Commentary: Week of January 4, 2021

SWBC's LenderHub

Last Week: Last week was pretty quiet, as it normally is for the holiday season. However, stocks still managed to establish new highs to cap off an amazing 2020 run. Is it a bit nuts that, in a year like no other, in its misery, every major asset class—save oil and commercial real estate—rallied? Sure, but it happened!

Marketing 147
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6 ways 2020 was a bad year for credit cards

Payments Source

The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries. Credit card issuers also suffered, as demand lagged heavily for new cards and their overall spending dropped considerably during the year.

Cards 159
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BBVA To Close Simple, Move Customers Over To BBVA USA

PYMNTS

Customers of Simple Bank are receiving emails telling them the bank is closing and that the intent is to transfer them to BBVA , a report from Talk Android says. After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. So BBVA pulled the plug. Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now

FDIC 336
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Implementing Custom Play/Pause Button for Embedded YouTube Videos Using IFrame Player API

Perficient

Recently, I worked on one bug where GTM tracking was breaking for an embedded YouTube video with a custom play button. On click of the play button, the video was playing perfectly fine, but it was not getting tracked by GTM. I didn’t find anything wrong in the code, so I did some research and found that it is recommended to use YouTube IFrame player API for any custom play/pause button whether you are doing GTM tracking on your web pages or not.

Video 340
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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.

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Financial Technology Trends and Focus: Moving Forward into 2021

Jack Henry

Happy New Year! This familiar wish resonates now more than ever before. Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed. It was a truly remarkable time in which we worked together to take care of our employees, serve and support our communities, and operate our businesses efficiently despite significant challenges.

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OCC, SEC and FinCEN crypto verdicts empower banks, but anger fintechs

Payments Source

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.

Fintech 154
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Crypto Market Tops $1 Trillion As Bitcoin Smashes Records

PYMNTS

Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. 7), citing data from CoinDesk and CoinMarketCap. At about 2:42 p.m. Singapore time, bitcoin was up 5 percent over the day before. Since the start of 2021, the cryptocurrency market is up 29 percent, and in the past 12 months, it is more than 380 percent higher.

Bitcoin 332
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Perficient is Proud to be Sitecore Content Hub Specialized

Perficient

Being recognized by Sitecore in this elite group of partners reinforces our broad skillset. Our team of technologists, analysts, and strategists have combined to deliver on Sitecore’s plan for supporting marketers in a content-driven world. The thoughtful combination of DAM, MRM, CMP, and PCM empowers marketers to manage all aspects of the content lifecycle and strategic planning.

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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.