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 201

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 290
Insiders

Sign Up for our Newsletter

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

Ontario Systems Buys Collections Platform Katabat

PYMNTS

Enterprise workflow automation software maker Ontario Systems announced Monday (Aug. Read more: Ontario Systems Buys SwervePay To Boost Electronic Payments. B2B Payments acquisitions B2B debt Katabat News Ontario Systems What's Hot In B2B

System 208

A Future-Ready Approach: Building “Living Systems” for Banks

Accenture

The post A future-ready approach: Building “Living Systems” for banks appeared first on Accenture Banking Blog. Uncategorized Agile Bank Bank Innovation Banking Technology Data & Analytics Digital Banking future of banking legacy systems

System 318

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.

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 320

TIPS System Glitch Stalls European Banks

PYMNTS

A glitch in the European Central Bank’s payment system late Monday (Aug. According to Reuters, the Target Instant Payment System (TIPS), which links commercial and central banks around the euro zone and handles close to $2.34

System 219

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 229

Cardano Partners With Ethiopia Government On National ID Blockchain System

PYMNTS

Input Output (IOHK), the company behind the Cardano cryptocurrency, plans to build a national ID blockchain system in Ethiopia. Some 750,000 teachers will also get access to the system, using the IDs to create records and track students’ academic performance.

European Systemic Risk Board Issues Caution Over Insolvencies

PYMNTS

The European Systemic Risk Board (ESRB) is cautioning that there could be an onslaught of insolvencies unless the European Union (EU) pivots from loan support to debt restructuring and other efforts to help companies stay afloat.

System 219

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.

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

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

COVID-19 recovery forces transit systems to accelerate contactless

Mobile Payments Today

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 244

Tradeshift: AI Updates Demonstrate Value Of Automated AP Systems

PYMNTS

Referring to its AI system, the release stated: “Ada’s invoice coding functionality is constantly learning from valid historical transactions — even when it is not in use — to achieve complete, accurately coded documents that are ready for approval and posting.”.

System 271

Humility in AI: Building Trustworthy and Ethical AI Systems

AI is becoming ubiquitous. More and more critical decisions are automated through machine learning models, determining the future of a business or making life-altering decisions for real people. The number of critical touch points is growing exponentially with the adoption of AI. In this ebook, we explore the concept of humility in AI systems and how it can be applied to existing solutions to ensure their trustworthiness, ethicality, and reliability in a fast-changing world.

US Senate Bill Focuses On App Store Payment System Rules

PYMNTS

Senators Richard Blumenthal (D-CT), Marsha Blackburn (R-TN), and Amy Klobuchar (D-MN) have introduced legislation Wednesday (Aug. 11) that would set rules governing app stores and allow developers to use third-party payments services and stores.

System 257

Clickatell, Cybersource Offer Simplified Chat-Based Payment System  

PYMNTS

Mobile communications commerce company Clickatell has joined forces with Visa ’s fraud management platform? Cybersource to simplify chat-based payments and contact-free checkout, according to a Thursday (Sept. 16) report from IBS Intelligence. .

System 204

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 219

Transporta Launches Transport Management System For Indonesia's Truckers

PYMNTS

Indonesian tech startup Transporta is rolling out its new free transport management system (TMS) to help small business truckers, a press release says.

System 219

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.

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 254

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 208

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 283

School Systems Find Digital Payments’ Visibility, Cost Effectiveness Make the Grade

PYMNTS

Deep Dive: How Digital Payment Systems Simplify the Financia l Collections Process for Educational Institutes. Health-conscious consumers were quick to adopt new technology during the pandemic, and modern educational systems took notice.

System 229

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 267

Volofin To Offer Blockchain Invoice Financing System

PYMNTS

Singapore-based volofin will offer a blockchain invoice financing system for backers and small to medium-sized businesses (SMBs) in Singapore, India and the United States at the beginning of April, Reuters reported on Tuesday (March 23), citing the firm’s chief executive.

System 208

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 347

Ocrolus Gives Flawed SMB Credit Scoring System A Cash Flow Based Upgrade

PYMNTS

In addition, businesses can also develop a learning system using this tool to iterate and have a better decision strategy over time. .

System 204

Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution.

System 195

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 313

Google Pay Bolsters Mobile Payment System With New Bank Additions

PYMNTS

In addition to beefing up the number of financial institutions that can use the mobile payment system, Google Pay users in Singapore can send and receive payments to other users, according to the article.

Google 151

How Cryptocurrency Exchanges’ Onboarding Systems Can Weed Out Fraudsters

PYMNTS

This may seem like a basic step that traditional FIs take for granted, but the fact is that most cryptocurrency exchanges have no noteworthy onboarding at all — and even the most rudimentary systems can make a massive difference.

What cost a system outage?

Chris Skinner

A month ago, I blogged about the problems at TSB when implementing the change-over of their core systems. Yes, core systems replacements are challenging, but they’re not risky when done right. Not only has it been highly … The post What cost a system outage? Unfortunately, TSB’s change-over shows all the marks of how to get it wrong. appeared first on Chris Skinner's blog. Case Studies Grid Opinion

System 178

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 312

Five Banks To Test FedNow Real-Time Payments System

PYMNTS

The goal of the program is to expand equitable access to the instant payment system to over 10,000 depository institutions or their agents in the U.S.,

System 272