PYMNTS

AUGUST 11, 2020

Sokin’s service offers cheap transfer costs for customers across all markets and currencies without extra costs. “Currencycloud provides easy to integrate cloud-based services, which can seamlessly support our operations in all the markets we want to offer a service.”

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Customer Experience Regional Payments Marketing 245

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

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System Data Examples Payments 195

Gonzobanker

DECEMBER 19, 2022

It would have required a few trips to the local dispensary to dream up what bankers have endured this year. We got to see it play out in real time! Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. Now that’s what you call a change of momentum.

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PYMNTS

JUNE 29, 2020

Consumers are leaning heavily on digital banking tools during the pandemic, and studies suggest that they will continue to do so in its wake. Fifty-seven percent of consumers now prefer internet banking solutions, compared to the 49 percent who said the same prior to the pandemic. Mobile Customers Need Mobile Infrastructure.

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Mobile Digital Banking System Innovation 174

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Interoperability is a core component” of FedNow, said Montgomery.

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Payments Boston System Operations 244

Independent Banker

MARCH 31, 2022

Making the switch to a new core technology provider can be a daunting task, since many core relationships last years, if not decades. Faced with several transitional issues, here’s how these community banks gained support from their new providers to adapt to the change. James Wang, Asian Bank. By Elizabeth Judd.

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PYMNTS

APRIL 15, 2020

The coronavirus pandemic has exposed vulnerabilities across doing business as usual, as the nature of commerce and how we pay has changed on a dime, moving online with breathtaking speed. Where We Are Now — And Where We Are Headed. But those software providers can only do that with actionable insights gleaned from data.

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Software Data Resources Course 174

Cisco

JANUARY 26, 2022

Incumbent financial institutions continue to build trust- based relationships through the expertise of their financial professionals while pursuing digitization to optimize customer experience and improve operational efficiency. Digitize Core Businesses End-to-End.

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Meeting Customer Experience Study Tools 100

Celent Banking

DECEMBER 22, 2014

How much savings in back-end processing costs do real-time core banking systems really offer? A 2011 Celent report entitled Why Change Cores? was written in the wake of the news that BBVA Compass had decided to convert to Accenture’s Alnova real-time core platform.

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Gonzobanker

DECEMBER 14, 2023

What a year. Bank leaders must feel like Rocky Balboa after 15 rounds with Apollo Creed. Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 The housing industry, and mortgage banking revenue, came to a stop.

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PYMNTS

MARCH 4, 2020

And while the headlines may focus on the battle for the individual consumer’s share of wallet, banks are facing an increasingly competitive environment when it comes to getting — and, of course, keeping — corporate clients. The Rise Of Intelligent Engagement In Corporate Banking. And the corporates themselves?

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User Experience Data Fintech System 203

PYMNTS

JANUARY 27, 2021

But keeping track of it all can be a challenge — especially knowing what card is being charged, by whom, and when. Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app. It’s an important capacity for banks as they compete with FinTechs.

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Management Technology Cards Retail 181

Perficient

OCTOBER 2, 2020

This is a very interesting topic, and one that’s receiving a lot of industry attention: modernizing applications, containerizing them, and putting them on a platform like AWS, with OpenShift. It’s a very timely discussion as we go forward in modernizing applications and moving things to the cloud. We see a couple of different areas.

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Software Technology Tools Groups 332

FICO

MAY 17, 2023

We have a once in a generation opportunity to create the next generation financial services ecosystem. As a company we have spent a tremendous amount of capital and resources, in building and developing what is going to be a platform that will power this vision. Here’s what they found. Not anymore.

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South State Correspondent

SEPTEMBER 13, 2023

Most banks have still not committed to RTP® or FedNow SM for their commercial customers – a bank’s most significant single profit driver. Most banks ignore instant payments or are still worried about fraud and research. Meanwhile, the cost of processing checks will continue increasing for banks and businesses.

Payments 221

Payments Fraud Data Taxes 221

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. We remain on track to go live with the FedNow Service in 2023, beginning a new era for the U.S.

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Community Bank Community Resources Fraud 91

Gonzobanker

DECEMBER 17, 2021

We know the change is permanent, but we can’t yet see exactly what it will all look like. We know the customer buying and use of financial services is being fundamentally changed by fintech, but our long-term strategies to invest/partner/buy/compete are very much works in progress. Bank Deal of the Year.

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Fintech Strategy Leadership Lending 147

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge?

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Banking Trends Retail Trends Community Bank 151

PYMNTS

FEBRUARY 14, 2020

directive has its challenges in a world where, so far, there are no global or even regional standards as to what data can be collected to create, maintain or verify identities. The Core Principles. But what we need is a few model examples to build really successful ID schemes around. Cohen told Webster the U.N.’s

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How To National Fraud Data 205

PYMNTS

JANUARY 7, 2020

The rise of FinTechs in the last decade – and the millions of customers they’ve siphoned away from mainstream financial institutions (FIs) – has changed the landscape for banks. What separates the two groups? The New Core Competencies. Flexibility , Kelly noted, requires the second core competency: technological agility.

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Innovation Technology Marketing System 139

Gonzobanker

JUNE 18, 2019

Welcome to the sleepy world of core banking systems. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. However, a new era of core systems competition is about to begin with almost everything on the table for change.

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System Strategy Technology Industry 87

PYMNTS

JANUARY 14, 2020

On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-added services. Delving Into The Numbers.

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Fintech Data Payments Capital 157

PYMNTS

JANUARY 20, 2021

What a lot of people have missed, he said, is that title companies have an opportunity to digitize the entire process. Both moves come as the pandemic made the long-term value of a fully digital closing platform clear in a business that has historically depended on manual processes. That’s just a lot.”. Selling Automation. “Our

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PYMNTS

NOVEMBER 25, 2019

eBay, faced with tepid growth in active sellers, and pressures on top line growth for its core business, has just taken a big step in its ongoing review of what’s working and what needs to change. 25) that it will sell its StubHub ticketing operations to Viagogo Entertainment Inc., To that end, eBay said Monday (Nov.

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Gonzobanker

JULY 20, 2022

Bank executives are coming to understand that in today’s world, the customer experience (CX) is the product, although not all have made a serious commitment to address newfound competition. The bottom line is this: most banks lack the true management leadership and operating disciplines necessary to execute successfully on digital.

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Digital Strategies Strategy Leadership Customer Experience 174

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. Their ability to market and add banking functionality … is a natural fit.”.

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Fintech Marketing Community Bank Community 136

South State Correspondent

OCTOBER 25, 2023

Halloween is approaching, so we might as well talk about death. In the next two years, many banks will have strategic plans to phase checks out, given their cost and reduction in frequency. Checks are getting to the point where they are too costly to process for the bank, business, and household.

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Fraud ATM Payments Management 195

PYMNTS

SEPTEMBER 11, 2019

In France, Treezor , a banking as a service platform, said this week that has deployed the Thales SafeNet Data Protection On Demand solution for what is being billed as “safety across the entire payment chain, from tier one banks and neo banks to crowdfunding organizations,” as noted in a release. In the U.K.,

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

JANUARY 14, 2021

In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is critical. According to the World Bank , that represents a total of 100 million individuals. And fees are not incurred until users actually take advantage of the services on offer and transact.

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Mobile Payments Course Data 234

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. We compressed about five years of change into about six months. And how did community banks and credit unions respond to the COVID craziness? We can’t think of a thing.

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Idaho Community Industry Strategy 181

Insights on Business

SEPTEMBER 13, 2018

If Charles Darwin were still alive, I wonder what he would think about the evolution of banks? Once again, banks are being forced to evolve or die. Because of this misplaced confidence, many banks are delaying necessary operating model transformations. Operating model transformation. This is a big problem.

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Operations Case Study Customer Experience Analytics 184

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. That isn’t a small amount to pay for an installment loan, but it is far less than the triple-digit APRs that the short-term lenders and pawn shops are famous for offering.

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Lending Alabama Online System 134

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. What is each player bringing to the race?

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Digital Banking Groups Regional Mobile 130

Celent Banking

OCTOBER 21, 2016

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally.

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FICO

JUNE 12, 2019

Here we are. My third and final post in the series on promotional deposit offers. Here’s the reality: deposit accounts reside within a “core system” that provides account features, such as balance, interest accrual, and account properties. The answer—a price execution platform. Realists (and skeptics) of the world unite.

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How To Strategy Analytics System 60

PYMNTS

MARCH 4, 2017

And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . How can banks stay competitive while still cooperating with FinTechs? But issues abound.

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Innovation Data Fintech Exercises 191