Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Marketplace Lending – Finding the Perfect Partner

Jack Henry

The secondary market for buying and selling loans was formed in the late 1800s as the mortgage market in the United States grew following the passing of the National Bank Act in 1864. This market traditionally has been operated using highly bespoke transaction agreements and a relationship-based system of market participants.

Lending 167
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Microsoft Teams and Power BI – Analytics Hub and Content Management

Perficient

Hub is a logical/physical space where everyone comes searches content, deciphers information, looks for viable information, lineage etc. Microsoft is enabling a similar concept in Teams. Teams is where we all have begun to collaborate via virtual meetings, notes, lists, apps etc. The future vision and big picture is to treat Teams as a single pane of glass.

Analytics 579
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Stem: A fintech solution helping the music industry prosper

Payments Dive

The music industry has been hit hard by the coronavirus. Concerts and tours are cancelled leaving those in the industry, from the novice to the veteran, scrambling for revenue. Stem, a distribution and payments platform founded by Milana Rabkin Lewis, is ready to lend a hand to help artists through the pandemic and beyond.

Industry 412
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How to build future-ready banking operations beyond the pandemic

Accenture

So far in this blog series, I’ve talked about how COVID-19 is amplifying banks’ need for innovation and the key technology trends that will shape the near future. The long-term challenge is to set banks up to successfully rebuild and recover when the worst of the pandemic is over. Here are some considerations for building a future-ready banking…. The post How to build future-ready banking operations beyond the pandemic appeared first on Accenture Banking Blog.

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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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Oracle, SWIFT Add Fast Cross-Border Payments For SMBs

PYMNTS

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

Payments 363

More Trending

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Thick file customers vs thin file: AI helps level the playing field

Payments Dive

For the unbanked, being able to establish credit is almost unattainable. The unfortunate scenario is many of those classified as a bad risk could realistically be one of the most credit worthy customers. Peter Barcak, CEO and founder of CredoLab PTE Ltd, explains how using AI technology can determine if a customer is risk-worthy.

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Digital Maturity + COVID-19 Resilience = Strategy

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. My first blog introduced the Digital Maturity Index (DMI), and concluded that digitally mature banks are best-positioned for a post-pandemic world. My second blog introduced our COVID-19 Resiliency Index (CRI), and showed how mapping each bank’s ranking on….

Strategy 365
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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Payments 360
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The Importance of Implementing a Live Chat Tool for Episerver Commerce Cloud Sites

Perficient

Amid COVID-19, we are purchasing almost all of our products online, meaning more and more customers are going online each day to find the products they need, which can become a struggle with the lack of in-person assistance. Digital tools, however, can play an important role for businesses and consumers during their online shopping experience, such as integrating a Live Chatbot.

Tools 508
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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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How financial institutions, credit unions can improve operations, customer experiences

Payments Dive

The coronavirus forced financial institutions to search out new ways to engage with customers.

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A How-To Guide for Monetizing Open Banking and CDR data

Accenture

In our last post, we shared the two emerging business models that are powered by Open Banking application programming interfaces (APIs) and open data—banking as a platform and banking as a service. The future of any Open Banking or Consumer Data Right (CDR) offering will depend on the value it provides, or the monetization options….

How To 313
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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

Report 348
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Video: 8 Ways to Crank up your Sitecore Authoring and Marketing Experience

Perficient

Whether you are launching a new Sitecore XP environment in the next few months or are wanting to enhance your authoring and marketing experience, this video should be a whistle stop on your enhancements campaign tour. Originally this content was to be presented live in Budapest at SUGCON 2020 but then, well, you know. Like the rest of the world, we went virtual and this was delivered to a focused audience of Sitecore diehards and technical wizards.

Video 508
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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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Full PCI compliance dips while security threats mount

Payments Source

It's a perplexing problem for those developing and instituting Payment Card Industry data security standards: Even as threats rise, the number of organizations that fully comply continues to drop.

Security 196
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Middle market banks’ top three cloud myths

Accenture

Lately it seems like every conversation I have with middle market banks turns into a discussion about cloud. Leaders are increasingly worried about being left behind, and rightfully so. The hype is real. This market’s interest in cloud stems from what’s happening across banking. A full 95% of banks have adopted some form of public…. The post Middle market banks’ top three cloud myths appeared first on Accenture Banking Blog.

Marketing 308
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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

PYMNTS

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

Payments 343
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How Perficient and Microsoft Can Help You Return to Work

Perficient

To say the world has changed this year would be an understatement. In every part of life, we have had to learn and adapt, and business is no different. The truth is that your business will never be the same. The world today is digital first more than ever, and your business must adapt to meet the need of your consumers – both internally and externally.

Strategy 429
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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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Nexi said to eye Denmark’s Nets in new blockbuster payments play

Payments Source

Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA, as consolidation in the sector shows little sign of easing.

Payments 165
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CFPB Issues RESPA Section 8 FAQs and Rescinds 2015 Marketing Services Agreement Bulletin

CFPB Monitor

The CFPB recently issued Frequently Asked Questions ( FAQs ) addressing the referral fee and fee splitting prohibitions under Section 8 of the Real Estate Settlement Procedures Act (RESPA). The CFPB also rescinded its Compliance Bulletin 2015-05, RESPA Compliance and Marketing Services Agreements. As previously reported , Bulletin 2015-05 is a good example of the adage “Be careful what you ask for, you may get it.

Marketing 148
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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin

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Perficient Named one of Atlanta’s 2020 Best Places to Work

Perficient

There’s a reason why one of our most important values at Perficient is “People” We embrace our culture and our talented colleagues. That’s why we’re excited to announce that we have been named a 2020 Best Places to Work by the Atlanta Business Journal! So far in 2020, Perficient offices have already won three top workplace awards in the Southeast region.

Atlanta 383
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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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Digital ID can rise to meet the challenge of the digital wave

Payments Source

Opportunistic criminals are taking advantage of an environment where our need to live more of our lives online has outpaced our ability to do so securely. Taking all necessary precautions to protect sensitive information should be at the forefront of the discussion, says Horizon8's Patrick Horgan.

Meeting 159
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Throwback | Our Day Of ‘Wise Selfishness’ – A Visit To The Wildlife Rescue And Rehabilitation Centre, Bangalore

BankBazaar

“It is important that when pursuing our own self-interest we should be ‘wise selfish’ and not ‘foolish selfish’. Being foolish selfish means pursuing our own interests in a narrow, short-sighted way. Being wise selfish means taking a broader view and recognizing that our own long-term individual interest lies in the welfare of everyone. Being wise selfish means being compassionate.” – Dalai Lama.

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Robinhood Reports Potential Hacking Incident

PYMNTS

Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.

Report 336
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Not All Texts Are Created Equal

Perficient

Whether you work in big tech or the service industry, you are retired or grudgingly buying your pre-teen their first smartphone, let’s face it, texting has become the most used communication tool in your daily life. SMS ( Short Message Service ), aka “Texting”, enables many to skip voice communication altogether and opt for the instant power at their fingertips.

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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