Sat.Nov 21, 2020 - Fri.Nov 27, 2020

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PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves

PYMNTS

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). “There's no question that people are flocking to digital payments and digital forms of currency,” Schulman told CNBC’s “Squawk Box.”.

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A Look to 2021 with Cisco Meraki

Cisco

As we look back on 2020, the pandemic has proven to be a clear digitization accelerator—especially in areas critical to COVID-19 response. Companies within the financial sector are going beyond the lobby and into the cloud. Some of the key benefits of embracing a cloud-managed IT solution include a decrease in time to market thanks to automation and zero-touch provisioning, the ability to simplify visibility and troubleshoot while helping IT teams get ahead of issues, and the ability to focus ex

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Get Ahead of Ransomware Attacks with the R-SAT

Jack Henry

Ransomware attacks and the costs to get businesses back up and running continue to increase. The hasty expansion of the remote workforce due to the COVID-19 pandemic only makes matters worse. Ransomware is the third most common malware breach and the second most common malware incident type, according to the 2020 Verizon Data Breach Investigation Report.

Data 179
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Make Your Boat Swing: Lessons in Leading Change from the 1936 Olympic Men’s Rowing Team

Perficient

During the past year, leaders have faced numerous challenges while leading their organizations through changes as a result of the pandemic, unrest, and uncertainty. A key challenge for organizations has been learning to effectively and efficiently collaborate in a virtual workplace where all members work together in unison. Rowing, also known as Crew, is a competitive sport that requires a higher degree of individuals working together as a team than in any other sport.

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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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Holler, Stella Artois help keep James Beard Foundation's #OpenForGood

Payments Dive

Mobile Payments Today interviewed Holler's CMO, Sarah Aitken on a unique partnering with Stella Artois and Venmo to support the James Beard's Foundation for restaurants and businesses, #OpenForGood.

Mobile 367

More Trending

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Payments disruption is the new norm

Accenture

For the last 20 years, the most predictable thing about the payments industry was that it was unpredictable. Disruption has been going on for so long that it’s now hard to remember what so-called “normal” times were like—and the changes show no sign of slowing down. But the disruption will not be evenly distributed, either…. The post Payments disruption is the new norm appeared first on Accenture Banking Blog.

Payments 244
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Finding a Nearshore Partner Committed to Delivering Value

Perficient

Since March 2020, the stakes have never been higher for your business to adapt and evolve. But how do you accelerate and scale your transformation cost-effectively? The answer – optimized global delivery. Follow this series and learn more about our nearshore software development capabilities from several members of our global consulting team in Colombia.

Software 364
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5 challenges the unbanked faced coming into COVID-19

Payments Source

Improvements have been made in reducing the number of unbanked households over the past few years, but progress hasn't been even across different communities. There are also new obstacles coming to light, as COVID-19 drives more banks and consumers to digital channels to acquire and service new financial products.

Community 191
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AI Models Eliminate Bias For Digital ID

PYMNTS

The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to approving or denying a bank loan application. But Labhesh Patel , chief technical officer and chief scientist at real-time identification firm Jumio , told PYMNTS in a recent interview that AI-underpinned models are only as good as their underlying training datasets.

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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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Brexit: what next for Open Banking?

Bobsguide

The UK is a leader in the field of open banking. 2019 was a mammoth year for the country’s open banking ecosystem, when UK open banking hit one million users, regulated providers grew to 204 and there were 1.25 billion API calls. There is no doubt open banking has helped lift London into a.

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Perficient Listed in Four Recent Forrester Reports Related to Microsoft Capabilities

Perficient

The second half of 2020 has been an exciting period for our Microsoft team, with Forrester listing us in four reports that relate to capabilities within our Microsoft practice. These reports range in solutions and showcase the wide range of capabilities that our Microsoft practice holds, ready to help clients with any number of digital transformation needs.

Report 362
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Take Your Enterprise Content Management System Back to the Future Using Your Legacy Data

Jack Henry

The future of Enterprise Content Management (ECM) is upon us. In order to get the most out of the new technology and processes, you must take your legacy data and reinvent it. You won’t need any plutonium, a flux capacitor or Doc Brown to correct the data of the past. Here are some things you can do now to explore your past data and blaze into the future with your ECM data archives.

Data 174
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HSBC Introduces New Real-Time Global Payments Tool

PYMNTS

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As the world’s leading international bank, it is our ambition to put banking in our customers’ pockets, and create a top-tier borderless banking experience that lets them manage their finances whenever and wherever they want,” Matthias Dekan, head of HSBC Global Money, HSBC Group, said in a statement on Monday (Nov

Tools 352
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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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OP Financial prepares Nordic biometric card pilot in 2021

Payments Source

Finland’s OP Financial has announced that it will be launching a biometric payment card pilot in the Nordic countries in the second half of 2021.

Cards 178
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Healthcare Distribution & Manufacturing Companies Will Have Another Record Year in 2021

Perficient

An eMarketer article reported that “US B2B Digital Healthcare Ad Spend will grow by 41.2% in 2020 to reach $848.1 million. That is the highest growth rate out of all the sectors for which we track B2B digital ad spending.” Now, I can’t say I’m surprised by this statistic. As eMarketer accurately points out, not only is there an increased demand for healthcare products (specifically PPE) within healthcare facilities, new customers have entered this vertical who have never purchased these types of

Company 354
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Loan Delinquencies Set to Increase as Support Reduces, Warns Moody’s

Banking Exchange

US banks should brace for a rapid increase in delinquencies and charge-offs, according to the research Risk Management Feature3 Feature Mortgage Fair Lending Credit Risk Compliance Management Compliance/Regulatory Mortgage Compliance Mortgage/CRE Duties Financial Research The Economy.

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Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High

PYMNTS

Bitcoin continued its price climb today (Nov. 24), rising above $19,000 in the morning, CNBC reported. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different.

Bitcoin 339
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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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How Ireland, Lithuania and the Netherlands are competing to win fintechs post-Brexit

Payments Source

Many countries are positioning themselves as a destination for fintechs seeking EU-wide licenses as the U.K. leaves the EU. Following Brexit, U.K. electronic money and payments institution licenses across the EU won’t be passportable across the EU.

Fintech 154
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The Power of Gratitude

Perficient

This is the time of year when we think about “Giving Thanks” and being thankful. It’s also about being grateful. The power that gratitude can have in our lives is amazing. I’ve been thinking about how we can adopt an “attitude of gratitude” all year long. I encourage our colleagues to bring their “whole selves” to work each day because wellness and balance are important to a healthy work-life balance and to our colleague’s happiness.

Community 352
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Current announces $131 million in Series C funding; Surpasses 2 million members

Current

NOVEMBER 24, 2020 - Current, a leading U.S. challenger bank serving Americans overlooked by traditional banks, today announced it has raised $131 million in Series C funding. New investor Tiger Global Management led the round for the mobile bank, which has now raised over $180 million in total funding and has a valuation of $750 million. The new capital follows a year of exponential growth for Current, which has doubled its member base in less than six months to surpass two million members.

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It’s A Wrap: Visa Completes Purchase Of Latin American FinTech YellowPepper

PYMNTS

Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region. In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.

Fintech 332
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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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HSBC adds real-time cross-border payments in the U.S.

Payments Source

HSBC for the first time is offering customers a way to send funds instantly across borders to other HSBC customers via a mobile device.

Mobile 160
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Impact of Inventory Control Systems on your Supply chain

Perficient

How a Superior Inventory Control System can impact your Supply Chain. Understanding the impact of Inventory Control is key to your business’ operation. In the post Inventory Control Solutions need a focused perspective , we discussed why you should practice Inventory Control. A top-notch inventory control system will deliver reduced overhead costs and increased throughput.

System 332
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ISO 20022: Which road should banks take?

Bobsguide

The ISO 20022 messaging standard will see banks sending and receiving payment messages with far richer data than before. Many are – understandably – preoccupied with the practical challenges that this will bring, such as how they can translate between MT and MX message formats.

Data 113
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COVID-19 Health Passes Ignite New Debate On Digital ID

PYMNTS

The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet of airlines is debuting digital health passes that certify travelers do not have the coronavirus. That passport, of a sort, will be known as CommonPass – and will certify negative COVID test results.

New York 326
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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