ATM Marketplace
MAY 19, 2020
ATM Marketplace spoke with Simon Powley, head of global advisor consultant services with Diebold Nixdorf, on how self-service and omnichannel banking will affect financial institutions post-pandemic.
Chris Skinner
MAY 19, 2020
There are lots of headlines and articles talking about the end of the office. You think about it, and it kind of makes sense. In a digital age, why do we have to go to a physical office? Why do we all cram ourselves into buses, cars and trains every … The post What’s the point of an office? appeared first on Chris Skinner's blog.
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Abrigo
MAY 21, 2020
Key Takeaways The PPP forgiveness process is a major concern among community financial institutions, and many worry about having the resources to handle it. The good news is that lenders won't face as much of a compressed time frame as they did during origination, so they can focus now on identifying important PPP forgiveness dates and on helping borrowers understand which documents and information will be needed.
Accenture
MAY 21, 2020
Our first post identified five areas central banks should focus on to become the digital regulators of tomorrow. Let’s take a closer look at the first pillar. Pillar 1: Harness the power of data Most central banks base their decisions on traditional information flows, yet these can suffer from a range of issues: much data…. The post Next-gen central banking | Pillar 1: Harness the power of data appeared first on Accenture Banking Blog.
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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.
Payments Dive
MAY 19, 2020
A proposed merger between Uber and Grubhub would have profound implications on an already hyper-competitive food delivery industry in the U.S., potentially putting added pressure on small, independent restaurants.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 22, 2020
If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. The U.S. real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under.
South State Correspondent
MAY 18, 2020
Accenture
MAY 19, 2020
European banks have, over the last two years, been navigating an interesting and complicated journey into the world of Open Banking and PSD2. Here at Accenture, we have gained extensive Open Banking experience working with more than 50 banks globally. We’ve helped them to overcome business, technology and operating model challenges and we’ve recommended best….
Chris Skinner
MAY 18, 2020
There’s lots of talk about civil unrest, an unjust society, the need for a universal basic income, a change in attitude towards everything from capitalism to socialism to democracy to inclusion. Good discussions but hard to know how it plays out. In many countries, people are suffering so much. They’re … The post Here’s what the new normal looks like appeared first on Chris Skinner's blog.
Advertiser: ZoomInfo
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.
PYMNTS
MAY 20, 2020
Is now the prime time for blockchain ? As COVID-19 has disrupted supply chains worldwide, Brian Behlendorf , executive director of Hyperledger , told Karen Webster that the pandemic has spurred a shift in thinking about new use cases for permissioned blockchains. Increasingly, firms seek accountability and visibility into suppliers, vendors and transactions in real time.
Payments Source
MAY 18, 2020
The U.S. Patent office published a Visa patent application to create a technology gateway that could allow central bank currencies for any nation to be digitized.
Accenture
MAY 21, 2020
If I look at the last 10 weeks, while there has certainly been a lot of admirable hustling and improvisation in the banking industry, my conversations with executives have also been characterised by a lot of regret. Regret that they didn’t move quicker with their transformation efforts when they had both the time and the…. The post Banks can be heroes and do right by customers, especially now appeared first on Accenture Banking Blog.
Chris Skinner
MAY 17, 2020
The main blog headlines are … Dealing with a crisis: FinTech versus Bank The chasm between start-ups and incumbents is massively exposed by coronavirus. I realised this early on, when I saw that FinTech firms who were born on the internet were far more ready for working from home than … The post The Finanser’s Week: 11th May 2020 – 17th May 2020 appeared first on Chris Skinner's blog.
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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.
PYMNTS
MAY 16, 2020
Credit card giant Visa has filed an application for a U.S. patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. “According to the [details] discussed herein, the payment ecosystem may become entirely (e.g. 100 percent) digital,” Visa wrote in its application, which was originally filed with the
Payments Source
MAY 21, 2020
Fraudsters are licking their chops at the prospect of businesses and financial services extending remote working because of the coronavirus pandemic.
Bobsguide
MAY 22, 2020
Relationships between cryptocurrency institutions and traditional banks will bolster crypto’s legitimacy, market participants predict. “It appears the reputable, blue chip coins finally have a hard-won place in the mainstream. Institutional grade exchanges finally being accepted.
Chris Skinner
MAY 20, 2020
I was relaxing watching a rock concert whilst self-isolating. It made me realise the way it was. 60,000 people sweating next to each other at an open venue, mingling each others juices together. Ah, those were the days. Nothing is going to be the same. My life was concerts, theatre, … The post Nothing is going to be the same appeared first on Chris Skinner's blog.
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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.
PYMNTS
MAY 18, 2020
Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). It is currently unknown whether the idea will focus on public blockchain or if the idea will just use the accelerator to access entrepreneurs.
Payments Source
MAY 20, 2020
The challenge posed by digital-only remittance services has prompted a rapid change at MoneyGram.
Abrigo
MAY 22, 2020
Key Takeaways Cannabis-related businesses have thrived during the pandemic, without help from the federal government. Despite their continued growth, CRBs remain largely underbanked. Perceptions around banking CRBs are changing as well, opening the door for more financial institutions. The coronavirus pandemic has significantly altered our day-to-day lives.
Chris Skinner
MAY 20, 2020
Things we’re reading today include … Coronavirus: World Bank warns 60m at risk of ‘extreme poverty’ Fiserv’s First Data pays $40 million to settle FTC charges it aided merchants’ fraud Boom for payments companies as crisis forces shoppers online Covid-19 a ‘wake-up call’ to build fairer society, says billionaire JP … The post Things worth reading: 20th May 2020 appeared first on Chris Skinner's blog.
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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.
PYMNTS
MAY 19, 2020
Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney , Fox Business reported, citing Women’s Wear Daily (WWD). JCPenney officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Now, Amazon could be moving in. One source, according to WWD as reported by Fox Business, was “in Plano as we speak,” referring to the Texas city where JCPenney is headquartered.
Payments Source
MAY 19, 2020
Getting rid of passwords is easier in concept than practice, with hundreds of initiatives designed to build something more digital, flexible and transportable. But none have taken hold, causing one developer to try an approach that rejects most of the prevailing methods.
Accenture
MAY 22, 2020
It would be an understatement to say that our typical ways of working have been pushed to the limit by recent events. More than ever, agility and co-creation have been essential to solve the evolving challenges organisations the world over now face—adjusting at speed to the changing needs of their people, customers and suppliers. Countless…. The post Sprinting to the ideal design solution alongside our clients appeared first on Accenture Banking Blog.
Chris Skinner
MAY 21, 2020
Things we’re reading today include … Tracking the economic recovery What would negative interest rates mean for mortgages and savings? Bank investors rebel over Lloyds’ proposal for executive pay Why interest rates are so high in Africa More than 50,000 RBS staff to work from home until at least September … The post Things worth reading: 22nd May 2020 appeared first on Chris Skinner's blog.
Advertiser: ZoomInfo
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