March, 2021

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Getting the Foundations of Your Cloud Platform Right

Accenture

In my previous blog post in this series on the journey to cloud, I examined how to lay the organisational foundations for cloud by implementing the right operating model. In this latest instalment, I move on to the key step of architecting the cloud platform. It is imperative that you get the cloud platform right, as…. The post Getting the Foundations of Your Cloud Platform Right appeared first on Accenture Banking Blog.

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Cash Forecasting During an Unstable Economy

Perficient

Covid-19 has turned the world’s economies upside down. As preventative measures (such as lock-downs) continue, uncertainty abounds. This uncertainty is making it difficult for companies to gain a clear picture of their finances. In the best of times, when the financial waters are calm and the visibility is clear, cash forecasting remains one of the greatest challenges for a company (with most admitting to a level of accuracy that barely approaches 75 percent).

Analytics 221
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Top Banking Challenges: Finding Growth in 2021 and Beyond

Abrigo

Increasing Loans and Earnings are Top Priorities Financial institution executives are taking steps to address these issues. Here's what they're doing. Would you like others articles like this in your inbox? Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. Takeaway 2 Use this time to optimize technology investments to increase profitability and improve customer experiences.

Lending 221
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The Most Influential Women in Payments, 2021

Payments Source

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

Payments 216
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Managing the financial close: Traditional challenges and challenging tradition

Bobsguide

Even without being acquainted with the craft of accountants, many have picked up stories about the gravity of the financial close. A nerve-racking event which takes place every year-end and originates numerous anecdotes and memes. What is financial close? The financial close is a crucial.

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Once-in-a-generation chance for banks in payments

Accenture

Payments is a hot topic for middle market banks. In fact, I think payments modernization is the most consequential transformation that they’ll make this decade. With the shadow of an aging payments infrastructure looming large, banks can’t stay on the sidelines. This is an existential issue. Banks that don’t act put their future at risk.…. The post Once-in-a-generation chance for banks in payments appeared first on Accenture Banking Blog.

Payments 508
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How to Get Started With a Power Platform COE

Perficient

The following is the fifth and final in a series of blogs about how a center of excellence can help you unlock the potential of your people and Power Platform. Throughout this series, we have explained how Power Platform enables your makers and why and how a COE enables these makers. Now all you need to know is how to get started with your Power Platform COE.

How To 553
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AML Act of 2020: Key Steps to Take Now for BSA Readiness

Abrigo

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Want more BSA readiness articles sent to your inbox? Takeaway 1 The Anti-Money Laundering Act of 2020 (AMLA) is the first significant change to the Bank Secrecy Act in nearly 20 years. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written.

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Payoneer works to raise its profile through SPAC and Mastercard pact

Payments Source

By merging with FTAC Olympus Acquisition Corp. and entering a B2B partnership with Mastercard, Payoneer is grabbing for a bigger share of the spotlight. ]].

Payments 208
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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Your Bank Doesn’t Know Your Customer Unless It Knows These 5 Things

South State Correspondent

T here are a handful of banks in this nation that really know their small business or commercial customer. They say they are about service and they actually walk the walk. They deliver superior service compared to the competition and they put the customer in the middle of everything they do.

National 170
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Agility is the mother of payments innovation, but legacy is still a sticking point

Bobsguide

For the first time, we’re in a consumer-driven world. We once did our banking with whoever had the nearest branch and we shopped with whoever had the best price or with the local store. Things have changed. Consumers are now in control, driving demand for slicker, more convenient, more.

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Seizing the $300 Billion Opportunity in Payments

Accenture

Many banks today are not seeing the returns on their investments in payments modernisation they hoped for. This is often due to a reactive, compliance-driven, piecemeal approach that makes it harder to adopt new capabilities.

Payments 482
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Applying Power Platform to the Healthcare Industry

Perficient

The purpose of this miniseries is to build an app for healthcare providers to be able to view a patient’s lab results and immediately see a list of next steps or directions for patient care. To do this, we will build a Power App that takes in the patient’s name and displays that patient’s lab results and a checklist of directions for the provider to follow.

Industry 547
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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CECL Data for Credit Unions: Navigating Uncertainties

Abrigo

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. You might also like this webinar: CECL in 2023 - Steps to Take This Year. DOWNLOAD/WATCH. Takeaway 1 Data is a key consideration for credit unions selecting a CECL methodology. .

Data 195
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How the streaming boom benefits payment companies

Payments Source

Many consumers pay for this entertainment by credit card, but the prevalence of new streaming services — and other factors such as rewards programs — are starting to influence users' payment habits. ]].

Company 202
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Legendary Cricketing Shots That Can Up Your Credit Score Game

BankBazaar

As the Cricket fever sets in, we’ve designed the ideal game plan to ramp up your Credit Score! Curious? Read on! Cricket season is back, and the fun doesn’t stop at just the game – turns out you can really learn some neat lessons about maintaining your Credit Score through this beautiful game. Wondering how? Well, read on to find. Every legendary batsman has a trademark shot that we remember him by, and here are a few shots that you can take inspiration from when it comes to your Cre

Cards 152
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Digital financial services require accessibility, convenience and transparency

Bobsguide

Accessibility, convenience and transparency are key in the push for consumer adoption of digital payments and financial services, with both bank and non-bank financial institutions expanding their offerings, a panel of experts said at the BIS Innovation Summit on Tuesday. “First is.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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The personalities driving today’s banking consumers

Accenture

The COVID-19 pandemic has driven a rapid uptake of digital banking around the world. The incredible speed of the adoption has rewritten some of the fundamentals of the industry, including how consumers behave and what they expect from banks in 2021. Our latest Global Banking Consumer Study, drawing on input from more than 47,000 consumers…. The post The personalities driving today’s banking consumers appeared first on Accenture Banking Blog.

Study 465
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SCAD Team Mentored by Director of Experience Design Wins STARTUP Competition

Perficient

Joseph Willet, a Director of Experience Design at Perficient and alumni of Savannah College of Art and Design (SCAD), recently mentored a team of students that participated and won the Fan Favorite award at the 2021 STARTUP competition, the week-long yearly competition hosted by the Future Leaders of UX (FLUX) Club. STARTUP is typically a one-track competition where teams create a viable start-up business with a design strategy, but this year’s competition included two tracks, the second track p

UX 539
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CECL Updates for Directors: 3 Topics to Cover with The Board

Abrigo

Board updates on CECL and what to include Keeping bank or credit union directors informed on CECL is good for corporate governance and for ensuring a smooth transition. You might also like this infographic: "Busting the Top 5 CECL Myths" DOWNLOAD. Takeaway 1 The board should be regularly updated on the status of CECL implementation at the financial institution.

Resources 195
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Artificial intelligence is that rare tech buy that gets better with time

Payments Source

Unlike most IT investments that become obsolete in a few years, AI's ability to "learn" makes it increasingly more valuable, says Silent Eight's John O'Neill.

System 194
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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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The Biggest Mistakes When Pricing A Fixed Rate Commercial Loan

South State Correspondent

We estimate that approximately 80% of all banks in the country do not have a commercial loan pricing model that adjusts for credit risk, the shape of the yield curve, acquisition costs, maintenance costs, or relationship revenue. However, banks do not need a loan pricing model to eliminate the biggest mistake commonly committed today on commercial loan pricing.

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Accelerating digital transformation: value in a platform-based approach

Bobsguide

Over the last 12 months we’ve seen one of the biggest shifts in decades in financial technology – with banks accelerating the transition of their operations to the cloud. The benefits are clear: a cloud-based approach provides easy access to innovation, helps banks.

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2021: What to Expect After a Year of Disruption

Accenture

Undoubtably, 2020 was a year of massive upheaval that put an increased spotlight on the state of digital transformation across industries around the globe.

Retail 433
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Why Commerce Should be the Key to Your Digital Transformation

Perficient

The customer is your business’ number one priority because they are your main source of revenue and drive you to the next step in your success. Customer expectations are frequently changing and more customers are relying on digital processes for their commerce efforts due to their fluidity. Businesses must digitally transform to keep up with how customers and interactions are most beneficial to them.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.