Sat.Jun 27, 2020 - Fri.Jul 03, 2020

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Next-gen central banking | Pillar 2: Enable and drive innovation

Accenture

In our last post, we looked at how central banks can harness the power of data. We move on now to the second pillar. Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. In the digital age, that means helping to cultivate new…. The post Next-gen central banking | Pillar 2: Enable and drive innovation appeared first on Accenture Banking Blog.

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Wirecard … the biggest accounting fraud? Is the customers money safe? The end of Banking-as-a-Service?

Chris Skinner

Some of us are old enough to remember Arthur Anderson and Enron, a mixture of two companies that created an accounting mess bigger than any seen before in corporate history. That was until Ernst & Young (EY) and Wirecard. Interestingly, there have been many auditing mess ups in the past … The post Wirecard … the biggest accounting fraud? Is the customers money safe?

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Open banking trends show which tech will outlast the pandemic

Payments Source

An obscure-sounding statistic gives a fresh look at how dramatic the move to digital finance has been the past few months — and how permanent the move will be.

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Mobile Voice Usage Trends in 2020

Perficient

How much do people use voice commands with their devices, and what do they use them for? We wanted to know, so for the fourth year in a row, we asked over 1,000 people (1,123 this year) how they use voice, when they use it, and why. If you want a snapshot of how voice is used by people today, then you’ve found it. So, why do we care? Simple: The voice revolution is coming, perhaps not as fast as everyone originally thought , but it’s coming.

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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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How Payments Is Powering The Travel Industry’s Return

PYMNTS

The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth , head of travel at payments platform Flywire , told Karen Webster in a recent conversation. “They took [that] punch in the stomach first, and they’ve had to rebuild, thinking about the ways they can survive until the industry opens back up again,” Smyth said.

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New PPP Borrower Data That Will Surprise You

South State Correspondent

Recent survey data from borrowers that took a Paycheck Protection Program (PPP) loan was surprising as more borrowers than we first expected will be using the EZ Form and fewer borrowers than expected will be using the 24-week covered period. In this article, we breakdown some of this data and then discuss how it might impact your PPP Forgiveness Process in the coming months. .

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Why SEO Must Be an Essential Element of Your Site Migration – Here’s Why #243

Perficient

Site migration can be a daunting task for many SEOs, but it can also be done strategically. The site migration process can also offer an excellent opportunity to fix your website foundation. In this episode of the?award-winning?Here’s Why digital marketing video series, Eric Enge and Matt Ruud share primary considerations from an SEO perspective that you need to have in site migration and opportunities you can take away during the process. ?

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

PYMNTS

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . 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. .

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BaaS works, it’s the regulations that don’t

Chris Skinner

During my MoneyBox interview about Wirecard (see end of this blog), Paul asked me the question: how could this happen again? What’s next? And I said, we learn from our mistakes. Progress never stops. Wirecard won’t shut down FinTech. It will amend it. This means this is not the end … The post BaaS works, it’s the regulations that don’t appeared first on Chris Skinner's blog.

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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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Wirecard North America goes on market, while operations allowed to resume in UK

Payments Dive

Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.

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Starting Your Career Remotely: Thoughts and Tips from Perficient’s Newest Colleagues

Perficient

This series was written with joy by Grayson Harden , Rebekah Williamson , and Mary Claire Freese. Don’t miss out on the first article, New Hires Gain Real-World Experience in the Corporate Onboarding Boot Camp. Creating Career Connections at Perficient. When accepting internship and full-time offers with Perficient, Atlanta’s newest members were anxious to get into the office and kickoff the 10-week Boot Camp training program.

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EY Accused Of Missing Alleged Wirecard Fraud

PYMNTS

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported. According to emails seen by WSJ, the auditing firm knew of and had questions about the arrangements and was signing off on Wirecard’s financial results for years anyway.

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More free research from Genpact

Chris Skinner

I guess this week must be the week where I’ve found a lot of useful free research, as here’s another one. This time from Genpact, “a global professional services firm delivering digital transformation”. Some interesting stats in this report: By 2022, it is expected that 57.5 million U.S. millennials will … The post More free research from Genpact appeared first on Chris Skinner's blog.

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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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Eurozone banks form payments group to take on Visa, Mastercard

Payments Dive

A group of Eurozone banks are coming together to provide some competition in the payments space against Visa and Mastercard.

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Perficient Included in Forrester’s Now Tech For Oracle Apps Services Providers

Perficient

Forrester has included Perficient in its Now Tech: Oracle Apps Implementation Services Providers, Q2 2020 report. The newly launched report lists implementation service providers who help global clients identify potential partners to support their shift to Oracle Cloud providing guidance though each stage of an enterprise cloud transformation. Within the report, Forrester examined implementation service providers for their work with Oracle Cloud apps including ERP Cloud, EPM Cloud, and HCM Cloud

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Wells Fargo On Why First Impressions Are Key In Digital Banking

PYMNTS

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans. Bank branches are either closing outright or slashing their business hours to help customers maintain social distancing guidelines — but fortunately, the growing familiarity of digital banking

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Realising the digital dream (free research)

Chris Skinner

I recently did a podcast and webinar with the Institute for International Finance (IIF). The timing was great because they’ve just produced a set of three reports about digital transformation in partnership with Deloitte. I can thoroughly recommend the three reports so here they are: Realizing the Digital Promise: Part … The post Realising the digital dream (free research) appeared first on Chris Skinner's blog.

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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 role of ATMs and cash access in the digital banking era

Payments Dive

Cash is not going to be phased out any time soon, but cash access is evolving to suit people’s “anytime, anywhere” needs.

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Considering Accessibility in Web Design: What You Can Do To Make Your Design Accessible

Perficient

Since 1991, when the first website was introduced, websites have evolved from being purely content driven to becoming increasingly focused on their visual experience. While there is no argument that having a clean, cool, professional-looking, website is important it isn’t everything, especially when it comes to Accessibility. There is a popular misconception that implementing accessible design into your site means having to sacrifice its aesthetics.

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The Unexpected Ways Dining Out Is Evolving

PYMNTS

When COVID-19 exploded into a global pandemic that more or less shut down everything worldwide, restaurants began diving for digital cover and rapidly embracing order-ahead, curbside pickup, delivery options, modified menus and rewritten business plans – anything and everything they could think of to survive the shutdown and stay alive long enough for patrons to return for on-site dining. .

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Things worth reading: 3rd July 2020

Chris Skinner

Things we’re reading today include … Wirecard North America sale draws interest from payments groups Why zero interest rates might lead to currency volatility How resilient are the banks? Barclays: Qataris spoke to Gordon Brown to ‘defuse 2008 bailout pressure’ Trade finance stumbles into the digital era Hong Kong: HSBC … The post Things worth reading: 3rd July 2020 appeared first on Chris Skinner's blog.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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How the COVID-19 crisis is impacting branch banking

Accenture

The rise in popularity of online banking in the last several years had already precipitated a downward trend in branch banking and had forced financial institutions to start adjusting their networks. The disruption caused by the global COVID-19 crisis did not cause the trend but has certainly accelerated it. Though banks, building societies and credit….

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Resolving Sitecore SXA 9.3 Core Library JavaScript Security Vulnerabilities

Perficient

Site themes for a Sitecore SXA site determine the look, feel and interactivity of the user interface. Base themes, included by default in the Media Library, are intended to be leveraged as dependencies for one or more site themes. Base Themes are built on top of a set of core, third-party CSS and JavaScript libraries such as jQuery, jQuery UI, lo-dash, mediaelement, modernizr, etc.

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Consumers Sour On Travel Rewards Cards

PYMNTS

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. The cards contained perks like sign up bonuses, points on airfare, hotel stays and more — but now, with the pandemic necessitating staying at home and out of crowded tourist spaces, customers are wondering if the payments are worth it at all.

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Things worth reading: 29th June 2020

Chris Skinner

Things we’re reading today include … Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic Deutsche Bank interns complain of cancellations on legal issues EY prepares for backlash over Wirecard scandal Four killed after gunmen attack Pakistan Stock Exchange Economic recovery hinges on … The post Things worth reading: 29th June 2020 appeared first on Chris Skinner's blog.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.