Sat.Aug 22, 2020 - Fri.Aug 28, 2020

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Cashless shouldn't leave underbanked behind

Payments Dive

Cash and digital payments shouldn't be mutually exclusive, according to Steve Villegas, VP of Payment Partnerships, North America at PPRO. He shares his thoughts on how COVID-19 has impacted cashless society and why it shouldn't leave behind the unbanked.

America 467
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There's too much legacy tech, and that won't cut it in a digital world

Payments Source

The digital banking and payments wave needs more cloud computing and less hardware, says Ripple's Marcus Treacher.

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Perficient WIT Group Shares Advice for Women Taking a Job in Technology

Perficient

Perficient Colleagues Share How to Build a Successful Career in Technology. We recently asked the Women in Tech group at Perficient what advice they would give for a woman hoping to build a career in the technology industry and their thoughtful advice was both inspirational and actionable. . Demonstrate Expertise. Laura Kenny, talent acquisition boordinator.

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Open Banking: The right KPIs for business value

Accenture

In my last post, I talked about the importance of identifying and measuring the right key performance indicators (KPIs) to track the success of Open Banking initiatives. We introduced the various forces that have contributed to the capabilities a bank needs to deliver successful outcomes from its Open Banking initiatives. Today, let’s focus on some….

Analytics 508
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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Retail consumers and the reason they use and love Bitcoin

Payments Dive

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic.

Bitcoin 307

More Trending

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Improve Engagement with Web Push Notifications and Sitecore Marketing Automation

Perficient

Web Push Notifications are supported by all modern desktop browsers and Android mobile devices. With better view and click through rates and less regulatory hurdles then email, they have become a popular channel for digital marketers trying to reach their audiences. A brief introduction to Web Push Notifications. To leverage Web Push Notifications, you need to request permission from your visitor to “Show Notifications.” Once the permission has been granted, encryption keys are excha

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Four ways banks can bolster their credit management

Accenture

In my previous post, I highlighted three overlapping phases of the looming credit crisis and the implications for banks. As I mentioned recently on the World Economic Forum’s COVID Action Platform (Accenture leads the WEF’s COVID-19 Banking and Capital Markets Industry Action Group), the next few months will likely see the weight of activity shift….

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Retail consumers and the reason they use and love Bitcoin

Payments Dive

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic.

Bitcoin 243
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Industry Experts Say Bank Job Cuts Are Coming

PYMNTS

U.S. and Canadian banks are all but certain to cut personnel costs as the COVID-19 shock gives way to more long-term economic problems, even though the CEOs of some banks pledged this past spring to not lay off employees, per sources as reported by Reuters on Friday (Aug. 28). Industry experts cited by Reuters attribute their predictions to factors including low interest rates, credit problems among potential borrowers and efficiencies generated by work-from-home programs.

Industry 270
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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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MuleSoft: The Solution for Your Connections

Perficient

MuleSoft is one of the top integration and API management companies with a state-of-the-art approach for connecting various systems. MuleSoft promotes API-led connectivity through its three-layer architecture for connecting APIs. MuleSoft is also a Gartner M agic Quadrant leader for full lifecycle API management. MuleSoft provides a unified integration framework as well as API management capabilities through Anypoint Platform, Anypoint Studio, and CloudHub.

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Top 5 Regulator Hot Topics During COVID-19 and Beyond

Abrigo

Key Takeaways FinCEN and federal regulatory agencies have been increasingly transparent in the first three quarters of 2020. Regulatory agencies understand that these are different times and are prepared to be more flexible in their examination. Regulators have determined there are five top hot topics that institutions should expect during their next exam.

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Cash or cashless: The flaws in today’s payments debate

Payments Dive

Cash and digital payments don’t have to be mutually exclusive; this is not a zero-sum game as the two payment options can exist together.

Payments 268
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Goldman Sachs Eyes Creating $2B Tech Fund

PYMNTS

Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing, sources told Bloomberg. The amount of the fund being $2 billion would make it one of the largest in the field, Bloomberg reported. It could help Goldman Sachs court bigger investors and investments. SoftBank 's Vision Fund has $100 billion, but otherwise, not many firms have investment funds in the billions.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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How to Differentiate Your B2B Products During COVID-19

Perficient

COVID-19 has completely changed the way B2B businesses sell products to customers. Traditionally a buyer would experience the product and its features first-hand, determine if the product will meet expectations, and make purchases in an office setting. Unfortunately, the ability to safely go through that process is not an option during these unprecedented times.

How To 420
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Top 5 Regulator Hot Topics During COVID-19 and Beyond

Abrigo

Key Takeaways FinCEN and federal regulatory agencies have been increasingly transparent in the first three quarters of 2020. Regulatory agencies understand that these are different times and are prepared to be more flexible in their examination. Regulators have determined there are five top hot topics that institutions should expect during their next exam.

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FIs to increase focus on climate risk management

Bobsguide

The pressure is on for financial institutions (FIs) to adopt climate risk models as regulators and shareholders zero in on environmental, social and governance (ESG) factors. “[Climate risk assessment] is absolutely going to be required to be done, but we’re seeing the banks moving.

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18,000 Furloughed MGM Resorts Employees Laid Off

PYMNTS

MGM Resorts International CEO William Hornbuckle delivered bad news to his 18,000 furloughed U.S. employees on Friday (Aug. 28): They will not be invited back to work. The Wall Street Journal reports that the layoffs represent 25 percent of the company’s pre-COVID workforce of 68,000, as the global travel slowdown continues to hurt the casino industry’s recovery from COVID-19.

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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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Apache Sling JVM Performance Followup

Perficient

In a comment on my previous post Apache Sling JVM Performance , Gil Tene made an insightful comment about the potential possibility of performance impact from speed from the underlying environment or other tests. To accommodate for this possibility, I re-ran the tests inside a loop, randomizing order of the JVM execution for each iteration 25 times.

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How real-time payments erased borders for coronavirus-era commerce

Payments Source

With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic.

Payments 178
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How to Successfully Implement a Digital Solution

Gonzobanker

In today’s financial services environment, not serving customers digitally is not an option. Now that banks and credit unions have been forced by COVID-19 to stop or severely limit servicing customers in branches, financial institutions can no longer turn a deaf ear to the “digital is king!” message pundits have been trumpeting since long before the pandemic.

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Trimble Enhances Fleet FinTech Offering With Card Processing

PYMNTS

Trimble has announced new upgrades for its TMT Service Center and TMT Fleet Maintenance solutions, including faster payment options and more visibility, according to a press release. Renaldo Adler , industry principal of asset management for Trimble Transportation, said the new ideas are intended to bolster services for the new COVID-19-based environment for businesses.

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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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Database-First EF Setup on VS.NET Framework – Pt.1 Initial Folder Structure

Perficient

Hello all! Before you begin reading, keep in mind that this tutorial is designed for beginners. As such, it covers every step without skipping parts that might be obvious to some. This tutorial is made possible thanks to Josh Kostal, who taught me majority of what is covered in this post. The reason you have to undergo such a tedious process to create the initial folder structure is because simply creating folders in the File Explorer will not be mirrored inside the Visual Studio.

Examples 360
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Mastercard testing cashierless checkout at convenience stores, drive-throughs

Payments Source

Mastercard is entering the cashierless checkout fray with a spate of pilots it’s launching at convenience stores and drive-through QSRs including Circle K, Dunkin’ and White Castle.

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What every company should know about a data breach

ATM Marketplace

A data breach is not only inconvenient and frustrating for a company, but it can cost in revenue dollars and customer trust. How prepared is your company should a major data breach occur?

Company 165
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Related Cos. CEO Calls For Workers To Come Back To New York City

PYMNTS

Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. said Thursday (Aug. 27), according to CNBC. "Retail is obvious struggling," Jeff Blau said on CNBC's "Squawk Box." "We expect that will pick up post [re]opening.".

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se