article thumbnail

A Future-Ready Approach: Journey to the Cloud

Accenture

Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. That means taking the journey to the cloud – a typically incremental process by which banks shift their core-systems architecture to a flexible,….

System 221
article thumbnail

Amex debuts B2B payments system

Payments Dive

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures

System 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Loan Origination System (LOS)?

Abrigo

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. You might also like this report on commercial loan automation systems DOWNLOAD. Here's what a loan origination system is.

System 338
article thumbnail

How to Better Serve Your Clients with Automated Fulfillment Systems

Perficient

Investing in advanced supply chain automation and intelligent order management (OM) systems will not only improve how your organization fulfills against extreme demand but also serves your consumers more effectively in the end. The Business Impact of Outdated, Manual Systems.

System 315
article thumbnail

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

article thumbnail

Understanding Performance in Blockchain Systems

Perficient

Blockchain is an example of a distributed ledger systems and as such shares the same performance a concerns as any other distributed systems. In blockchain systems, a block must hold a complete history of all valid transactions.

System 333
article thumbnail

Spinning Straw into Gold – Tales of a Warehouse Management System Implementation

Perficient

A well designed, mutually dependent and interconnected set of systems where a change in one component can influence other components can actually be quite simple. To handle this growth in complexity, their warehouses needed to implement and integrate with a warehouse management system (WMS).

System 300
article thumbnail

COVID-19 recovery forces transit systems to accelerate contactless

Payments Dive

Public transit systems are speeding up their efforts to promote contactless travel as the COVID-19 pandemic has devastated ridership and revenue on many of these systems

System 422
article thumbnail

Red Hat OpenShift on IBM Power Systems Virtual Server

Perficient

Red Hat’s OpenShift Container Platform is now supported on IBM Power Systems Virtual Server, expanding the cloud capabilities of your Power Systems infrastructure to deliver a resilient and secure hybrid cloud platform. That capability now extends to Power Systems Virtual Server.

System 427
article thumbnail

Is the whole system about to fail?

Chris Skinner

That being said, I do follow … The post Is the whole system about to fail? I’m a simple guy. I don’t trade or invest much. That may seem surprising for a FinTech guy, but most of what I’ve invested in seems to lose value.

System 383
article thumbnail

The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

article thumbnail

Criminals in the financial system

Chris Skinner

The reality is that such activity today is tiny when compared with the amount of illegal activity, drugs and money laundering goes through the banking system. As of 2019, $829 million in … The post Criminals in the financial system appeared first on Chris Skinner's blog. We hear a lot about how crypto and bitcoin encourages illegal activity, drugs, money laundering and such like.

System 268
article thumbnail

Stash debuts its own core system

American Banker

Fintech Core systems Technology

System 74
article thumbnail

Ontario Systems Buys SwervePay To Boost Electronic Payments

PYMNTS

Payment collections software company Ontario Systems has acquired SwervePay to help bolster its electronic payment capabilities, according to a press release. B2B Payments Acquiring Acquisition B2B Digital Payments News Ontario Systems SwervePay What's Hot In B2B

System 239
article thumbnail

Bank Of Thailand Plans Digital Payments System Prototype

PYMNTS

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age.

System 246
article thumbnail

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

article thumbnail

Considerations for Alternative Trading Systems (Part 3 of 6)

Perficient

Now, we will review considerations for alternative trading systems, before delving into the details of when and by whom transactions are to be reported in Part 4 of the series. Larger TRACE participants often operate an alternative trading system (ATS).

System 285
article thumbnail

24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

Dubbed the Pan European Payment System Initiative, or PEPSI, the group has the support of 20 French and German banks, and would handle all forms of cashless transactions. . International banking Banks EU europe MasterCard News Payment System Visa What's Hot

System 327
article thumbnail

On the origin of systemic risk

BankUnderground

Systemic risk in the bank sector is often associated with long periods of economic downturn and large social costs. In a new paper , we develop a microstructural contagion model to disentangle and quantify the different sources of systemic risk for the euro-area banking system.

System 133
article thumbnail

Four steps for a cloud-ready talent system in banking

Accenture

The post Four steps for a cloud-ready talent system in banking appeared first on Accenture Banking Blog. With cloud skills of all kinds in hot demand across many industries, banks are having to come to grips with an uncomfortable truth.

System 354
article thumbnail

Trusted AI 102: A Guide to Building Fair and Unbiased AI Systems

The risk of bias in artificial intelligence (AI) has been the source of concern and debate. High-profile examples demonstrate the reality that AI is not a default “neutral” technology and can come to reflect or exacerbate bias encoded in human data.

article thumbnail

Cloud Banking Gives Legacy Systems A Lift

PYMNTS

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded?

System 268
article thumbnail

[Podcast] Building Strength and Resilience in Your Health System

Perficient

And now with the ongoing strain of dealing with the pandemic, many health systems are facing fatigue maintaining their strategic focus. Throughout 2020, the healthcare industry has faced incredible challenges.

System 313
article thumbnail

Fintech Enablement’s Role in Modernizing Legacy Systems

BankInovation

As core legacy systems become inefficient, slow, and unable to keep up with present day customer expectations, more and more financial institutions are facing the same question: how do we modernize these systems without the high costs and long turnover time?

System 98
article thumbnail

Should your business upgrade to a modern payment system?

Payments Dive

Retailers need to consider shedding their legacy POS systems to enable mobile payment acceptance, business analytics, EMV security and better inventory management

System 371
article thumbnail

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

article thumbnail

Why banks fear core systems change

Chris Skinner

I was listening to a group of CIOs talking about legacy systems change the other day. One said that it doesn’t matter how old the systems are; it’s all about whether they are maintainable and fit-for purpose. I kind of agreed with that, although I cannot think of any silo-based, … The post Why banks fear core systems change appeared first on Chris Skinner's blog.

System 306
article thumbnail

Forget legacy systems; what about legacy vendors?

Chris Skinner

I’m always blogging about replacing core systems, open source the bank, change the leadership to one that gets it and just do it. Not gonna name names, but I’ve had a few really fun discussions with banks in … The post Forget legacy systems; what about legacy vendors? I’m saying it so much that I’m finding myself boring. So let’s change tack. Who’s the vendor?

System 395
article thumbnail

Impact of Inventory Control Systems on your Supply chain

Perficient

How a Superior Inventory Control System can impact your Supply Chain. A top-notch inventory control system will deliver reduced overhead costs and increased throughput. Superior System Quality and the Impact on the Inventory Control.

System 324
article thumbnail

Core systems should have built-in obsolescence

Chris Skinner

There is no need to build … The post Core systems should have built-in obsolescence appeared first on Chris Skinner's blog. Talking about moving from proprietary to open, from controlled to marketplace and from internal to external focus, another key change is the very nature of technology itself. It’s quite clear that a start-up today could launch with just a few thousand dollars, Amazon Web Services and a bright idea.

System 393
article thumbnail

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

article thumbnail

Why You Should Include Success Measurement Metrics and Systems in UX Design

Perficient

A functional, seamless user experience is critical for businesses operating in digital spaces. Applying this concept to website design plays an important role in whether the website’s visitors can accomplish what they came for.

UX 511
article thumbnail

Playing Catch-Up in Crypto, Banks Ask Core Providers for Help

American Banker

Core systems Bitcoin Digital transformation - The Simplification of the Tech Stack Cryptocurrencies

article thumbnail

Massive cyberattack on the US wholesale payments system (simulation but real?)

Chris Skinner

Financial System: A Pre-Mortem Analysis from The New York Fed and released in January. One report you may have missed was this one: CyberRisk and the U.S.

System 423
article thumbnail

What Basic Functions Should My Loan Origination System (LOS) Perform?

Abrigo

Features of a Commercial LOS What basic functions should a loan origination system complete? Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading.

System 195
article thumbnail

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. However, there’s no team better suited to lead that charge than the marketing department.