PYMNTS
JULY 13, 2020
In 1946, the then-61 members of the World Health Organization (WHO) saw the need for a consistent yet comprehensive definition of “health.” They felt strongly that any definition had to acknowledge that a person’s good health was more than not being sick or disabled, but instead should reflect “a state of complete physical, mental and social well-being.
Payments Source
JULY 15, 2020
Businesses affected by the pandemic are accepting online and touchless in-person payments from consumers with the help of technologies developed originally for B2B invoicing and payments.
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Perficient
JULY 15, 2020
For customer’s using Adobe Managed Services, Cloud Manager has become the de facto system for deploying code to their Adobe Experience Manager environments. Among Cloud Manager’s many deficiencies is the inability to fetch artifacts from private remote repositories. The good news is there’s a workaround for internet-facing artifact repositories.
Chris Skinner
JULY 13, 2020
I have a few friends around the world that I pick up on, and The World Bank and CGAP are amongst that crew. Therefore, when I saw that Peter Zetterli, senior financial sector specialist with CGAP, was blogging about financial inclusion I couldn’t but help reach out to him and … The post Digital Banking for the Poor appeared first on Chris Skinner's blog.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Payments Dive
JULY 14, 2020
As the COVID-19 pandemic has rapidly changed the e-commerce landscape, online sellers need to make sure they are offering a wide range of payment options that cater to the needs of their customers.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
JULY 15, 2020
Various Enterprise clients across different verticals like Healthcare, High tech, Financial Services, Retail, Manufacturing, and Supply Chain etc. can leverage the Modern Data Platform approach. Marry in people, process and technology and you have Producers and Consumers with a great value add. This Digital Transformation approach will help enterprises looking to re-platform, helping various Line of Businesses embark on the journey for Self Service Analytics, Modern fully managed Data Platform s
Chris Skinner
JULY 14, 2020
I’ve spent years talking about Artificial Intelligence (AI). Source: Europa Bearing in mind that we always talk about AI in the context of the Turing Test – a test that Alan Turing created back in 1950 – it’s not surprising. That test is that we will have achieved the true … The post AI will augment, not destroy humanity appeared first on Chris Skinner's blog.
Payments Dive
JULY 17, 2020
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.
PYMNTS
JULY 14, 2020
The acceleration of [digital sales] growth can be explained almost entirely by an influx of first-time buyers.”. When consumers fled to online shopping options in Q2, many businesses weren’t set up for digital-first commerce, but quickly figured it out. There’s a cautious optimism now as SMBs, in particular, discover that going digital itself has gotten easier.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Perficient
JULY 14, 2020
We’ve all been there. You have an application you use daily for operations, but when it comes down to clicking that submit button, you need that extra piece of information to make your decision. Turns out, that piece of information lies in another system, with its own login workflow and going to get it would require you to switch focus, possibly getting you out of “the zone” What if you could bring that information to you?
Chris Skinner
JULY 16, 2020
Things we’re reading today include … Are banks really going to revert to type and let struggling borrowers lose their homes? | Tony Robinson What Wall Street’s results tell you about America’s economy Coronavirus: Chinese economy bounces back into growth UK banks may have to flag up plans to shut … The post Things worth reading: 17th July 2020 appeared first on Chris Skinner's blog.
Accenture
JULY 13, 2020
The COVID-19 pandemic has presented the global economy with challenges and changes not seen in generations. Payments providers in Europe need to navigate the operational and financial hurdles the virus presents while also rapidly addressing the needs of the workforce, customers and partners. The situation is exceptional—and that makes reliable data and forecasts particularly valuable.….
PYMNTS
JULY 14, 2020
“Organizations may have had to engage in relaxation strategies, which could inversely impact their fraud appetite, as they had to let more transactions through without reviewing them. The risk is real.”. Spikes in cybercrime are making headlines daily, and people are getting burned. Preparedness often decides the outcome. “In our experience, clients running machine learning models haven’t had to change thresholds,” said Nuno Sebastião , co-founder and CEO at Feedzai.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Perficient
JULY 13, 2020
Search industry has been talking about the hype of voice search for years. But what actually is the reality of voice usage today? In this episode of the?award-winning? Here’s Why digital marketing video series, Eric Enge reveals some insights from our fourth annual survey of voice usage and predicts when the voice revolution will actually happen. ?
Chris Skinner
JULY 12, 2020
Things we’re reading today include … ‘I left Smile Bank today due to the ongoing outage’ Wave of new leaders presents an opportunity to shake up the banking industry Warning over 11 dangerous apps that could access your bank account Only man jailed over £26m Northern raid sues bank Scam … The post Things worth reading: 13th July 2020 appeared first on Chris Skinner's blog.
South State Correspondent
JULY 13, 2020
In the last quarter, the money market world has changed, which has important implications for banks. Not only is it less competition, but the influence that money market funds have on banks is substantial, and so it means less pressure on rates. Less pricing influence means less deposit price sensitivity, which not only means rates are lower for banks, but marketing dollars go much farther.
PYMNTS
JULY 14, 2020
As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Kroger is the largest chain so far to do so, temporarily refusing to give coins out as change. Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. “The Federal Reserve is experiencing a significant coin shortage that is impacting our store op
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Perficient
JULY 16, 2020
You’re ready to dive deep into your Microsoft Power App, but may be wondering the easiest way to use color schemes throughout your app. You can make your code into more readable and maintainable in just a few easy steps. Themes helps with consistency throughout your app and lets you easily reference colors while designing. Not only do themes help with uniformity in design, but also help your app be adaptable to change and easier to maintain.
Chris Skinner
JULY 15, 2020
Things we’re reading today include … Bank of England teams up with Beano comic to boost financial literacy Banks set aside billions of dollars in expectation of massive losses as consumers default on loans How banks are trying to capture the green transition Banks propose ‘student loans style’ scheme to … The post Things worth reading: 16th July 2020 appeared first on Chris Skinner's blog.
Bobsguide
JULY 14, 2020
When auditors KPMG discovered a €1.9bn black hole in the accounts of German payments giant Wirecard last month, shockwaves were sent across the financial world. The ongoing scandal has raised questions for many, not least accounting firm Ernst & Young, whose previous audit had failed to.
PYMNTS
JULY 17, 2020
Transit system operators were already thinking about making at least a partial switch to contactless payments long before a global pandemic disrupted any and every element of how people moved between Point A and Point B. Mary Kay Bowman , Visa ’s head of seller solutions, told Karen Webster in a recent conversation that some operators had contactless payments already partially available in segments of the public transportation system, while others had it earmarked for a project several years in
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Perficient
JULY 15, 2020
What is IBM Planning Analytics with Cloud Pak for Data? IBM offers Planning Analytics for on-premise and on the IBM Cloud; why have they added IBM Planning Analytics on Cloud Pak for Data? We will cover this question with the following explanations: Why IBM Planning Analytics? What is IBM Cloud Pak for Data? How does Planning Analytics fit with Cloud Pak for Data?
Chris Skinner
JULY 11, 2020
The main blog headlines are … HSBC and Standard Chartered are wrong to kowtow to China over Hong Kong I keep saying that I don’t want to be political on this blog – I’m not qualified and it’s not why you read it – but, as a human being, I … The post The Finanser’s Week: 6th July 2020 – 12th July 2020 appeared first on Chris Skinner's blog.
Bobsguide
JULY 13, 2020
Working from home is likely to become part of the new normal as the coronavirus crisis has taught business leaders that work doesn’t need to be conducted in an office setting, according to Yemi Jackson, CEO and founder of Engage Transform Consultancy. According to an article published in.
PYMNTS
JULY 13, 2020
A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
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