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

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The Fellowship of the LOS

Jack Henry

I love a good Lord of the Rings reference. Case in point, it may sound like fantasy, but have you thought how consolidating your multiple loan origination systems (LOSs) could bring all lending functions into fellowship? See, there I go again!

Lending 88
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Success Criteria for an Effective Sales Enablement Program

Perficient

Previously , I discussed the role of sales enablement in investment management. This blog analyzes how technology and the right team can improve your sales enablement program. For a sales enablement program to be successful at its launch and continue to be effective over time, it has to have the right mix of technology tools, and cross-functional teams.

Tools 340
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Sibos podcast: Top 10 banking trends for 2021

Accenture

As the calendar turns to another , one of the things I look forward to is putting together my annual Top 10 Banking Trends report. It’s a chance to connect with colleagues and clients and reflect on what the year gone by means for the year ahead in the banking industry and then capture that…. The post Sibos podcast: Top 10 banking trends for 2021 appeared first on Accenture Banking Blog.

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Virginia-based bank provides Bitcoin access at ATMs

Payments Dive

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.

Virginia 468
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Fall In Love With the Month-End Close

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.

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Synthetic IDs are key to solving fraud’s whack-a-mole game

Payments Source

Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud.

Fraud 173

More Trending

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Financial Services firms turn to data ethics to manage digital risks

Accenture

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1 Digital solutions enable this kind of agility at scale, but individual and societal risks can also scale in digital systems. For instance,…. The post Financial Services firms turn to data ethics to manage digital risks appeared first on Accenture Banking Blog.

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A note from the editor

Payments Dive

This isn't an ending: it's a whole new beginning.

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Modernising IT and security in financial services with visibility

Bobsguide

In recent years, the financial services (FS) industry has gone through transformative changes to embrace digitalisation and keep up with customers’ ever evolving expectations when it comes to the online experience.

Security 167
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How A Power Platform COE Can Help Your Makers and Your Business

Perficient

The following is the third in a series of blogs about how a center of excellence can help you unlock the potential of your people and Power Platform. So far in this series, we’ve looked at the maker movement and why Power Platform can enable the makers in your company to make a real difference to your business processes. As we noted in the last blog, the tools Power Platform includes can be crucial to enabling your makers, with Power Apps and Power Automate enabling them to not just build applic

Tools 531
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5 Ways You Can Win Faster with Gen AI in Sales

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.

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What happens when talent strategy has Board oversight?

Accenture

COVID-19 has upended so much, from our daily lives (hello, home schooling) to long-held beliefs about how business should work. Historically, workforce and talent strategy has been siloed within the HR function. And the pandemic has amplified a trend that’s been growing for a while: organizations used to find people worthy of working for them—but…. The post What happens when talent strategy has Board oversight?

Strategy 226
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Marqeta branches into digital credit card issuing and processing

Payments Source

Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too.

Cards 165
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Overcoming Loan Growth Challenges in 2021

South State Correspondent

January is typically a slow month for loan production at community banks, and the pandemic-hampered economy made the month even more challenging for many banks. The data from the Federal Reserve’s H.8 report showed that all loans were essentially flat in January for banks.

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Signs a Managed Service Provider Could Be the Right Fit For You

Perficient

You have been thinking about moving to the cloud. You might have a workload or application that would be better hosted there, or you might have a new solution you’re looking at that is cloud based. You’re not sure if you want to manage your cloud environment in house, or outsource it to a managed service provider, though. In this blog, we will highlight some of the reasons you might want to outsource to a managed service provider – and perhaps give you some signs that your thoughts are valid and

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The Role of Automation in Commercial Lending

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.

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Regional, Community Banks Face Digital Challenges Post-Pandemic

Banking Exchange

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online.

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Amex launches digital receipts to reduce buyer confusion

Payments Source

Amex is giving consumers more details about certain purchases with Digital Receipts, starting with big-tech merchants and Square.

Google 159
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Why Some Banks Are More Profitable Than Others – The Nonlinear Customer Equation

South State Correspondent

Why do some banks grind it out and struggle to produce a 9% return on equity ("ROE"), while other banks such as Bank of America and Chase produce 20% plus ROE for the same business segment? One answer is that banks that produce an above-average ROE either have a more profitable customer segment focus, more profitable products, or a more profitable business model.

America 150
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21 Predictions About Digital Health in 2021: Part IV

Perficient

In my previous posts, I looked at five macro-themes as well as five implications for hospitals and health plans. In this post, I want to focus on virtual health and have enlisted co-author David Allen , Director of Virtual Health Strategy. These predictions are in light of the five themes I see for 2021: Telehealth as a competitive advantage, New insurance markets, More self-service digital triage tools, Mega-mergers of vertically integrated health delivery models, and.

Tools 520
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Outsource With Confidence for RDC Program Success

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.

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Do banks need belts and braces?

BankUnderground

Marcus Buckmann, Paula Gallego Marquez, Mariana Gimpelewicz and Sujit Kapadia. Bank failures are very costly for society. Following the 2007/2008 global financial crisis, international regulators introduced a package of new banking regulations, known as Basel III. This includes a wider range of capital and liquidity requirements to protect banks from different risks.

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Fintechs give a dynamic twist to static credit card marketing

Payments Source

I2c and Unifimoney change incentives to fit market conditions, rather than focusing primarily on boosting consumer spending.

Marketing 158
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For Banks – The Contact Center is Your Best Friend

Cisco

For years, the album that sold the most units was Carole King’s “Tapestry”. Estimates are that this record has sold more than 25 million copies. Rife with well-known songs, an interesting comment made by one of the initial reviewers in 1971 called the song “You’ve Got a Friend” the “core” of and “essence” of the album. It didn’t hurt that James Taylor’s version also became a monster hit.

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Major Updates coming to Teams (Q1 2021)

Perficient

Microsoft Teams has already had some exciting updates in January and Microsoft shows no signs of slowing down! In this article, we’ll highlight some of the major updates coming to Teams over the next few months and discuss some of the potential impacts that this may have on your users and administrators. Major Updates. Teams Pro Service Plan. Starting mid-March 2021 you will see a new Teams service plan added to select M365 and O365 SKUs.

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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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What is the relationship between a markets-based measure of leverage and banks’ funding costs?

BankUnderground

Kieran Dent, Sinem Hacioglu Hoke and Apostolos Panagiotopoulos. The Great Financial Crisis demonstrated an important feedback loop between banks’ capitalisation and funding costs. As banks’ capitalisation declined, banks’ wholesale creditors responded by demanding higher interest rates to lend to them. In turn, higher funding costs dented banks’ profitability, further weakening their capitalisation.

Marketing 111
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Former Mastercard Europe chief turns to VC to discover innovation

Payments Source

Rapid changes in payments and regulations have blown open the door to new ideas, creating frontiers for fintech investors. Javier Perez hopes three decades of experience will help him have an early read on startups.

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Fintech inspired by Black Lives Matter targets underbanked

American Banker

Paybby, whose founder wanted to address disparities in the financial system after the George Floyd protests, is working with banks and others to develop products especially for underserved communities. They include a debit card that substitutes for food stamps and an app that temporarily sweeps cash into cryptocurrency.

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Talent Acquisition: Four reasons to move from Taleo to Oracle Recruiting Cloud

Perficient

The following is the first in a series of blogs about how a center of excellence can help you unlock the potential of your people. Oracle Talent Acquisition Cloud (OTAC), also known as Taleo, has long been considered a global leader in talent solutions. However, for Taleo clients that have implemented Oracle HCM Cloud, there is now a natively built solution Oracle Recruiting Cloud (ORC).

Data 497
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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.