Perficient

AUGUST 4, 2024

This blog post delves into the myriad benefits of Azure Integration Services and highlights high-impact examples that demonstrate its transformative potential for financial services organizations. API Management benefits your products & customers as much as it benefits your development teams.

Industry 467

Industry Compliance Examples Risk Management 467

Perficient

OCTOBER 29, 2024

This year’s event was no exception, showcasing the importance of personalization to the customer, tech-driven relationship management, and AI-driven underwriting processes. For example, New York Life highlighted how personalization is driving generational loyalty.

Industry 473

Industry Customer Experience Strategy New York 473

South State Correspondent

FEBRUARY 22, 2023

Non-Expert Deposit Pricing Management – How To Destroy Bank Franchise Value The best way to quickly destroy value is to peg a deposit product to an index such as SOFR, Prime, Fed Funds, or Treasuries. However, this doesn’t tell the whole story when it comes to deposit management.

Management 195

Management Marketing Branding Strategy 195

BankInovation

MARCH 20, 2023

The collapse of Silicon Valley Bank presents an innovation opportunity for fintechs in treasury management as more bank clients look to multibank strategies to ensure security in their capital.

Management 52

Management Innovation Risk Management Strategy 52

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

NOVEMBER 1, 2018

PEX issues Visa -branded debit cards, paired with a spend management app, to small businesses (SMBs) that need a solution for the part of workforce spend that is anything but predictable — related to specific tasks and, by its very nature, usually ad hoc. However, Grant added, these days, that innovation needs a lot of scaling up.

Innovation 180

Innovation Management Cards Tools 180

PYMNTS

DECEMBER 9, 2020

There’s a huge opportunity [in B2B payments] for businesses that have traditionally focused on the consumer,” David Disque , president of Corporate Spending Innovations (CSI), said in an interview with Karen Webster. While an attractive proposition, the shift into the B2B world can’t happen at the flip of a switch. Connectivity is key.

Innovation 297

Innovation Fintech Cards Payments 297

Perficient

AUGUST 31, 2020

It’s also a great time to think about innovation. I would like to talk about how Twilio Flex and other services from Twilio can provide some clear ways not only to manage these immediate concerns, but also to drive innovations in how you interact with your customers. Here are some examples: Call Deflection Strategies.

Innovation 369

Innovation Video Strategy Customer Experience 369

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Some companies view risk management and compliance as roadblocks to innovation.

Compliance 125

Compliance Innovation Management Risk Management 125

Perficient

JULY 1, 2020

A platform like this would also enable distributors to review and approve all content before importing it into their own product information management (PIM) system to maintain a consistent single source of truth. It can be a struggle to manage product data and information to cater to each group independently.

Management 322

Management How To System Guidelines 322

PYMNTS

NOVEMBER 9, 2020

percent — or nearly $50 billion — for example, CNBC reported. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Bill.com revealed some of those changes as it highlighted the innovations driving a solid first fiscal quarter.

Innovation 255

Innovation Fintech Payments Mobile 255

Alex Jimenez

NOVEMBER 26, 2021

Fueled by the success of disrupting technology and innovative startups, organizations of all sizes and from vastly different industries are jumping on the innovation bandwagon. Most commonly, organizations that haven’t viewed innovation as a strategic imperative seem to be at a loss as how to roll out “innovation.”

Innovation 64

Innovation How To Management Groups 64

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. So what our customers are asking from us today as we reopen is, ‘Hold on a second.

Management 291

Management Company US Compliance 291

PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. ”

Management 100

Management Innovation blockchain Capital 100

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Take restaurants , for example, Brown said: “How do we help them?”

Innovation 318

Innovation Data Examples Community Bank 318

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers.

Management 303

Management User Experience Innovation Fintech 303

PYMNTS

SEPTEMBER 2, 2020

Growth equity firm TCV has acquired spend management tech firm Oversight , according to a press release emailed to PYMNTS, and will help Oversight expand its product innovation for enterprise risk management solutions.

Management 151

Management Risk Management Fraud Innovation 151

PYMNTS

JANUARY 27, 2021

Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example. One study found that the use of malicious botnets to register false accounts increased by more than 70 percent in Q3 2019, for example.

Security 213

Security Innovation Fraud Study 213

PYMNTS

AUGUST 6, 2020

“There are a number of transactions that are cross-companies and multi-party that are inefficient, they go through intermediaries, they are very slow,” senior manager at Coke One North America Andrei Semenov said at the time. As it continues to innovate, Coca-Cola is grappling with plunging sales due to the coronavirus pandemic.

Management 219

Management blockchain America cryptocurrency 219

PYMNTS

MARCH 23, 2018

In financial services today, security and innovation can work with each other, and against each other. FinServ cybersecurity is, of course, a prime target for innovation. The pace of innovation focused on consumer experience is showing no signs of slowing down. from EMVCo and “PIN on Glass” from the PCI Council.

Innovation 186

Innovation Security Technology Customer Experience 186

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Take, for example, $7.1 By Charles Potts, ICBA. ICBA sees things differently.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

DECEMBER 5, 2019

Quick-service restaurants (QSRs) have heard the call for innovative digital ordering capabilities, with several major brands stepping up their investments in this area. Pizza chain Domino’s , for example, is planning to test self-driving vehicle technology in one major metro region. Deep Dive: Enhancing Customer Service With CRM Tools.

Innovation 131

Innovation Houston Metro Mobile 131

Insights on Business

NOVEMBER 28, 2018

For example, online banking and customer portals allow clients to access services without visiting a physical location or even talking to a person. These APIs are designed as a set of decomposable services that provide the key building blocks of a financial risk management system.

Risk Management 102

Risk Management Innovation Management Resources 102

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. When they started thinking about the small business and corporate space, I think they saw much bigger opportunities.”

Innovation 208

Innovation Data Fintech Lending 208

PYMNTS

MARCH 12, 2020

In the global world of eCommerce, said Wang, digital trends that had already started to emerge in the market – around decentralized work, remote communications and pushing global remittances, for example – are now mission-critical in the age of COVID-19. An Opportunity for Innovation . As a result, the company’s sales reached 44.73

Innovation 283

Innovation Policies social media Examples 283

Perficient

NOVEMBER 8, 2024

Federal Reserve The largest of the federal banking agencies, the Federal Reserve has four regional federal reserve banks (Atlanta, Boston, New York and San Francisco) set up offices to study financial innovation with AI. Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process.

Regulation 221

Regulation Risk Management Policies Compliance 221

Insights on Business

NOVEMBER 16, 2016

Most people who know the name Branch Rickey know him as the president and general manager of the Brooklyn Dodgers who played a key role in helping Jackie Robinson break the Major League Baseball color barrier in 1947. In fact, design is central to our mission of helping wealth management firms innovate in an era of digital disruption.

Innovation 117

Innovation Management User Experience Leadership 117

PYMNTS

NOVEMBER 27, 2019

In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology.

Innovation 215

Innovation Millennials Technology Examples 215

BankUnderground

JUNE 16, 2021

Certainly, the old chestnut that ‘those who neglect the past are sure to repeat it’ is a valid warning, but how to select the appropriate historical examples and draw the right lessons is a more nuanced exercise that is explored in this post. The Bank’s Millenium of Macroeconomic Data is a good example of this.

Examples 138

Examples Policies United States Exercises 138

PYMNTS

MARCH 2, 2020

FinTech innovation has opened the floodgates for a stream of new platforms and products designed to help small businesses and corporates more efficiently manage money and make payments. That’s because initiating a transaction isn’t just about moving and analyzing data.

Innovation 141

Innovation Payments Fintech Management 141

PYMNTS

JUNE 3, 2019

In fact, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. For example, 91.7 percent of those focused on data analytics said they also focused on fraud management solutions in the previous three years, compared to only 60.6 About the Playbook.

Analytics 150

Analytics Innovation Data Fraud 150

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release.

Management 179

Management America New York Regional 179

PYMNTS

NOVEMBER 12, 2020

The use of physical checks for payment, for example, remains prevalent in markets like India, Thailand and Malaysia, and the movement restrictions during the pandemic meant “there was a crisis for our clients in terms of being able to collect payments,” said Kanthadai. The legacy of manual payment modes is one factor behind the acceleration.

Innovation 295

Innovation Regional Data Payments 295

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. In severe cases, banks might have to take the drastic measure of closing accounts altogether.

How To 245

How To Management Report Strategy 245

PYMNTS

JULY 15, 2020

Though having a choice in financing products is vital for small and medium-sized businesses to manage their cash flow, not all tools are the right fit for every business. “We’re in the business of cash flow management ,” noted McDonald. A Digitization Push. ”

Innovation 135

Innovation Tools Strategy Management 135

Perficient

NOVEMBER 21, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card. The implications of the CFPB’s regulation on open banking will be enormous for consumers, banks, and data providers.

Compliance 221

Compliance Data Cards Meeting 221

PYMNTS

MAY 1, 2020

As GDPR aims to effectively manage data consent, banks are also in a position to build trust with customers as safe and secure data holders,” he explained. South Korea’s Financial Services Commission (FSC) passed its Electronic Financial Transactions Act in 2017, just before the EU’s GDPR went into effect, for example.

Innovation 245

Innovation Regulation Digital Banking Security 245