South State Correspondent

AUGUST 25, 2016

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool. Take payment risk for example.

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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. This connectivity enhances interoperability, allowing for streamlined operations and improved data flow across various platforms.

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BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

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Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. It’s not just technical connectivity that financial service executives need to think about as their business or their FI moves to 24/7,” she said.

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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.

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PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage. The Value In Quick Responses .

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PYMNTS

JUNE 1, 2020

The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) said store operators who took in federal Paycheck Protection Program (PPP) loans could potentially have to pay back a “material portion” of the funds. The NCASEF is a trade association for 7-Eleven franchise operators in the U.S., The group says the 7-Eleven Inc.

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PYMNTS

SEPTEMBER 2, 2020

One report revealed that more than 72,800 eateries listed on crowd-sourced restaurant review site Yelp had permanently shuttered since the start of the health crisis, for example. Taking such steps can enable QSRs to streamline their operations and lead to significant sales gains, he noted. Managing Order Integrity.

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PYMNTS

APRIL 1, 2020

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. The pizza industry, for example, is actually growing because pizza is affordable and pizza firms have spent the last several decades perfecting delivering it in 30 minutes or less.

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PYMNTS

APRIL 22, 2019

However, regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation.

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PYMNTS

FEBRUARY 22, 2019

Uber Eats , the food delivery business of Uber, is gearing up to sell its Indian operations to Swiggy , a rival food delivery company in the country. Uber Eats, for one example, burned through about $25 million on about 9 million orders a month, meanwhile Swiggy burns around $40 to $45 million a month.

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PYMNTS

SEPTEMBER 15, 2020

The world needs a FinTech operating system.”. Oyster, he added, can leverage the cultural mistrust of traditional banks in Mexico with the general trust that country’s citizenry places in foreign brands (Starbucks, he said by way of example, is ubiquitous and beloved in Mexico). Widening Debit’s Acceptance.

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PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

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ATM Marketplace

APRIL 14, 2020

While the ATM is an excellent automated machine, a money counter is an example of an automated machine for an automated machine. Let's have a look at how banks and independent ATM operators make use of money counting machines. Yes, that's how far we've come.

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Jeff For Banks

NOVEMBER 6, 2020

To create operational discipline that greases the gears toward the bank you want to be without continuous leadership intervention. In the video blog I give one specific example of how to do that. Make your own choices on the operational discipline you need to move you closer to your aspiration.

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Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. Ongoing conversations between IBM and CFOs over the years have identified key activities that can help progress operational efficiency.

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Let's Talk Payments

JANUARY 10, 2018

As one of Europe’s hubs of innovation along with London, Berlin has an impressive array of FinTech companies successfully operating both within and beyond Germany’s FinTech ecosystem. In this article,

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Perficient

JANUARY 25, 2023

Banks are focused on efficiency initiatives to optimize their operations and lower costs. While institutions want to increase their technology play, they are weary of overcomplicating operations. For example, many banks have launched small-dollar loan products that give eligible customers a few hundred dollars for a small flat fee.

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Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

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PYMNTS

JANUARY 12, 2018

The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. In numerous examples cited by the financial publication, rebranding is afoot. Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. Call them something else, then, it seems.

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Perficient

OCTOBER 29, 2024

This year, we saw great examples of how companies are treating personalization, not as an incremental initiative, but rather embedding it at key moments in the insurance experience, particularly underwriting and claims. For example, New York Life highlighted how personalization is driving generational loyalty.

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PYMNTS

JANUARY 22, 2019

It is just the latest in a string of food delivery startups that have shut down, according to reports which pointed to Sprig, Maple, Doughbies, and Josephine as a few examples of others that weren’t able to succeed. .

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Insights on Business

JANUARY 10, 2018

Business model innovation only just begins once you’re on the cloud—and the leading global banks are already making the move and are now exploiting cloud for innovation – and while they do that, they are having to rethink their operating models. It requires participation from both IT and business leaders to rethink the operating model.

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PYMNTS

JULY 20, 2018

The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. Walmart , for example, has begun selling meal kits and “one-step meals” in more than 250 of its brick-and-mortar stores.

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PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

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PYMNTS

SEPTEMBER 19, 2017

Jon Burrell, vice president of operations at international payments platform   Currencycloud ,  takes PYMNTS through the ways firms in B2B and beyond can keep customers happy and the coffers full — even when operating across borders, and all while the clock is ticking. Payment Integration Can Solve These Issues. .

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PYMNTS

JUNE 28, 2019

But operators of some of those shopping destinations continue to wield investment power as malls undergo remakes for the 21 st century. Among the latest examples of that trend comes from Simon Property Group, the largest mall operator in the United States, which, according to Reuters , “will invest $5 million in Allied Esports.”.

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Perficient

JULY 14, 2020

You have an application you use daily for operations, but when it comes down to clicking that submit button, you need that extra piece of information to make your decision. Here are some examples: Navigating Salesforce and need information about how many insurance policies a specific client has with you? We’ve all been there.

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PYMNTS

MAY 2, 2017

Mastercard today announced the appointment of CIO Ed McLaughlin to president, Operations and Technology. Everyone likes to talk about the T in operations and technology,” McLaughlin said. That’s how it lives every day, everywhere — the consumer experience is the operation.”. India, for example, is a huge market for Mastercard.

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South State Correspondent

OCTOBER 14, 2024

but at the end of the term of the loan that liquidity is removed – the borrower must pay back the outstanding principal with cash flow from operations or find another financing source. The examples above do not consider the borrower’s friction costs (upfront fees, appraisals, legal costs, etc.)

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FICO

OCTOBER 19, 2020

What most do not fully appreciate or haven’t seen in operation is how an optimization tool can truly enhance a collection program to increase revenue, make better use of staff, and simultaneously increase the customer experience. Most large collection operations use predictive models. The Need for Automation in Optimization.

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Jack Henry

MARCH 27, 2020

For example, by reducing costs and better managing risks, companies can ensure that factors and other transportation players are protected against the threat of a volatile economy. This should be a call to action for managers across the transportation sector to critically assess how their businesses could be affected by an economic slowdown.

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FICO

MARCH 30, 2022

itelna, the Czech Republic’s oldest and largest bank, has modernized its operations by optimizing its decisions around customers in early collections. Operational capacity needed to be targeted on relevant accounts, portfolio performance maintained, customer experience improved, and resources freed up to address hardship situations.”.

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Perficient

MAY 26, 2020

Created HTTP Connection with host as localhost and port as 8900 for this example. In the example, I have read files from my Desktop. After reading content from XML file, it will be stored into a database table in our example. In this scenario , there are three examples where we need to send Http request.

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PYMNTS

FEBRUARY 22, 2018

My focus is on our quality of operations and our teams; that’s why I’m here. For example, Uber sold its ride-hailing business to Didi Chuxing , the leading car-sharing company in China, in return for a 20 percent ownership stake in the company. However, Uber and Grab have not reached a deal as of the writing of this article.

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