Sat.Mar 13, 2021 - Fri.Mar 19, 2021

article thumbnail

An Industry in Transition: A Look at How Two Major Events Changed Banking

Jack Henry

To say the financial industry has shifted since the beginning of 2020 is quite an understatement. You’ve seen the headlines. You’ve read the articles, watched the videos, and listened to the podcasts. Banks and credit unions have had to shift into high gear to quickly transition to digital banking – and you’d be hard pressed to find someone in the industry who hasn’t felt this change in some shape or form.

article thumbnail

FATF Updates Grey List: What Does This Mean for Your BSA Program?

Abrigo

The Financial Action Task Force Updated Their List of Countries Under Increased Monitoring The FATF sets the standards for international adherence to BSA/AML programs and highlights deficiencies. . Would you like other articles like this in your inbox? Takeaway 1 Four countries were added to the grey list and are under increased monitoring while one country was removed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Perficient’s Agile Community Serves Colleagues of All Backgrounds

Perficient

When you work at Perficient, you’re never “in it alone.” We pride ourselves on having a collaborative, supportive environment dedicated to fostering both career and personal growth. Perficient’s Agile Community is one of the latest ways colleagues can connect with each other, breaking down walls and collaborating globally in a whole new way.

Community 518
article thumbnail

How the streaming boom benefits payment companies

Payments Source

Many consumers pay for this entertainment by credit card, but the prevalence of new streaming services — and other factors such as rewards programs — are starting to influence users' payment habits. ]].

Company 202
article thumbnail

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.

article thumbnail

Agility is the mother of payments innovation, but legacy is still a sticking point

Bobsguide

For the first time, we’re in a consumer-driven world. We once did our banking with whoever had the nearest branch and we shopped with whoever had the best price or with the local store. Things have changed. Consumers are now in control, driving demand for slicker, more convenient, more.

More Trending

article thumbnail

How Nearshore Software Development Can Still Work in Highly Regulated Industries

Perficient

Nearshore software development empowers companies across all industries to accelerate digital initiatives while reducing cost. Time zone compatibility, real-time communication, availability of skilled teams, and cultural alignment are some of the most cited benefits of working with nearshore partners. However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information an

Software 508
article thumbnail

The Most Influential Women in Payments, 2021

Payments Source

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

Payments 216
article thumbnail

Customer Service Done Right Makes All the Difference

Jack Henry

It was a windy Saturday when I received my market (aka, patio) umbrella. I knew when I ordered it, there could be a struggle because I’m the only one who can assemble it. You see, market umbrellas are very large and this one was no exception. But I needed it to block out the persistent (against the rules) Airbnb stranger stares from the next-door neighbor’s house.

Marketing 148
article thumbnail

Real-time data key to ESG analytics

Bobsguide

Private organisations do not have the same degree of transparency as their public counterparts, making it more challenging to access environmental, social and governance (ESG) data, says Dan Grandage, head of ESG, private markets & real estate at Aberdeen Standard Investments. “Equities.

Analytics 148
article thumbnail

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

article thumbnail

Hip On HIPAA: Pushing Back to Use Patient Data

Perficient

As we continue our series of posts on making HIPAA work for you, I am going to address a common problem we hear from health care marketers: “My board/boss/CMO/Legal Counsel says we cannot use patient data for marketing communications.”. This is a tough one. Truly, your board of directors and your legal counsel are going to ultimately dictate the amount of risk they are willing to mitigate in regards to using patient data for outbound communications.

Data 493
article thumbnail

Payoneer works to raise its profile through SPAC and Mastercard pact

Payments Source

By merging with FTAC Olympus Acquisition Corp. and entering a B2B partnership with Mastercard, Payoneer is grabbing for a bigger share of the spotlight. ]].

Payments 208
article thumbnail

3 Tips for Effectively Cross-Selling Insurance at Your Financial Institution

SWBC's LenderHub

It is a well-known fact that it is more cost effective to market to your existing account holders than to go after new ones. In fact, according to OutboundEngine , “The success rate of selling to a customer you already have is 60-70%, while the success rate of selling to a new customer is 5-20%.”.

Marketing 148
article thumbnail

Bitcoin ATMs: Welcome to a new generation of currency

ATM Marketplace

Bitcoin ATMs and digital currency machines are being installed all over the United States and in countries around the globe. ATM marketplace interviewed Bitcoin ATM companies to determine why this cryptocurrency is gaining such popularity and why merchants and ISOs should consider these machines for a profitable future.

ATM 134
article thumbnail

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.

article thumbnail

The Power of Search Intent Matters for SEO – Here’s Why #261

Perficient

Eric Enge has been doing Here’s Why videos alone for two years now. Many people have been wondering what happened to Mark Traphagen. In this episode of the?award-winning Here’s Why digital marketing video series, Mark Traphagen returns to discuss search intent and why it is critical to creating high-performing content for both SEO and site visitors. ?

Video 405
article thumbnail

Mastercard offering tech and scale to vaccination passport projects

Payments Source

The card brand is working with the International Chamber of Commerce to support authentication to vaccine and test tracking. It may not be an easy task.

Branding 191
article thumbnail

Market Commentary: Week of March 15, 2021

SWBC's LenderHub

Last Week: Prospects for an end to the pandemic by summer—bolstered by the quick rollout of the $1.9 trillion stimulus package (passed into law last week)—had risk assets feeling great despite higher interest rates.

Marketing 144
article thumbnail

Why contactless technology adoption needs to accelerate

ATM Marketplace

Miroslav Katsarov is CEO of Modeshift, a technology company with the mission to enable small and middle-size transit agencies to provide intelligent transportation services. He shares with ATM Marketplace his thoughts on the importance of contactless payments over cash in regards to public transportation.

article thumbnail

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

article thumbnail

How to Setup the OneStream Excel Add-In and Get Started Using its Features: Part 1

Perficient

One of the most common questions asked for new OneStream users is “How can I setup and use the OneStream Excel Add-In?” This two-part guide will serve as a resource that OneStream users can utilize to quickly install, log in, and benefit from the handy features within the OneStream Excel Add-In. The OneStream Excel Add-In is an Excel COM add-in that can be used for tasks such as entering data, opening Cube Views, and performing ad hoc analysis.

How To 340
article thumbnail

How Wells Fargo and Current keep digital banking novices engaged

Payments Source

Showcasing contactless ATM access and enabling easier use of stimulus funds are among the ways the megabank and digital upstart are tailoring services to customers acquired during the pandemic. ]].

article thumbnail

Cameron lobbied UK government on behalf of Greensill Capital – report

TheGuardian

Former prime minister approached Treasury and Downing Street to gain financial firm access to Covid loans The former prime minister David Cameron reportedly lobbied senior government officials to give Greensill Capital special access to the largest available tranche of emergency Covid loans just months before the lender collapsed. Cameron, who was an adviser and shareholder in Greensill, is said to have contacted former colleagues to try to help the supply chain finance firm tap cheap, 100% gove

Capital 105
article thumbnail

System integration facilitates regulatory compliance and improves P&L, says Finastra

Bobsguide

As the pandemic continues to drive digitalisation across industries, the benefits of adopting an integrated approach are recognised more than ever by risk managers. Whilst digital transformation combats former manual burdens, streamlining processes not only presents a compliance advantage but also.

article thumbnail

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.

article thumbnail

Innovative: The Business Value of Experience Design (Part 5 of 8)

Perficient

This is the fifth in a series of blog posts sharing the results of our study on the business value of experience design. In this post, we explore the value of innovation: Bringing diverse and fresh ideas and perspectives to help the organization think differently, differentiate and future-proof its investments. Sometimes you need to build a simple web page to let people know that your café is open for business and see what’s on your menu.

article thumbnail

EMV deadline nears for gas stations, but many won't make it

Payments Source

After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance.

Branding 154
article thumbnail

Yorkshire Building Society first to bring back 95% mortgages

TheGuardian

Riskier product not available for newbuild houses or flats and follows budget offer to back part of the loans Yorkshire Building Society will become the first lender to relaunch 95% mortgages in the mainstream market, nearly a year after the pandemic spooked lenders into withdrawing low-deposit home loans. However, the deal will only be available to first-time buyers and the society will apply strict conditions on lending, including ruling out flats and new-build homes.

Lending 99
article thumbnail

Measuring success in intelligent document processing

BankInovation

Straight through processing (STP) refers to transactions that pass straight through a system from start to finish without any manual intervention. The measure is an important indicator for predicting the long-term value generation of an automation solution. In the long run, the majority of return on investment (ROI) from an automation exercise accrues from reduction […].

article thumbnail

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