South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. 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. Honkook Kim and his Gentle Monster Brand is a perfect example.

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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.

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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.”

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Innovation How To Management Groups 64

Bobsguide

JUNE 3, 2022

Auriga was recently honoured with the prestigious Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry. Q: How do you feel about your Peter Kulik Innovation Award win? Q: Finally, do you have any thoughts on upcoming ATM innovations and trends?

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Innovation ATM Software Policies 147

Independent Banker

OCTOBER 1, 2022

Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. Our bankers face both challenges and opportunities as they work to stay ahead of cybercriminals, paying attention to innovative solutions and partners to mitigate cyber risk. Governance. The time is now.

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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. The industry is moving in the right direction, and the tools and resources are there to make it happen.”.

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PYMNTS

SEPTEMBER 7, 2018

Second, in a world where “developers are often the deciders” when it comes to technical matters for business, the worlds of talent management, sales and marketing need to rethink and rewrite how they pitch to and recruit those within the developer community. Developers, Johnson told Webster, are precious resources because they are scarce.

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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. ”

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Perficient

AUGUST 4, 2024

Customer Relationship Management (CRM) Enhancement Financial organizations can enhance their CRM systems by integrating them with Azure Logic Apps, Azure Functions, and Azure Service Bus. Regulatory Reporting and Compliance Automation Compliance reporting is often a resource-intensive process.

Industry 467

Industry Compliance Examples Risk Management 467

PYMNTS

MARCH 4, 2020

The time and effort lost manually filling in information, sorting through receipts and documents to track down missing details and ensuring each claimed item falls within companies’ standards stresses workers as well as the expense managers who must check each field. Bringing Innovation to a Traditional Industry.

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PYMNTS

DECEMBER 2, 2020

However, figures show that a majority of executives are in the midst of digital transformations, where 83 percent of financial services executives surveyed say that they’ve innovated with payments technology this year. Addressing The Chokepoints .

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Insights on Business

NOVEMBER 28, 2018

While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. These include: The capability to scale compute resources up and down to meet demand.

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Risk Management Innovation Management Resources 102

South State Correspondent

NOVEMBER 20, 2024

In this article, we will touch on innovation, technology and banking strategy to show why banks tends to overemphasize ease, familiarity and convenience instead doing the difficult task upfront that will ultimately keep things simple. To be clear, complexity isn’t bad, it just has more risk and is harder to manage.

Strategy 195

Strategy Resources System Management 195

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.

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How To Management Report Strategy 245

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. As bankers, we learn this during our first day in management training.

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Abrigo

OCTOBER 30, 2024

Data-driven staffing assessments will pinpoint where resources are most needed. Finally, they provide the data for compliance leaders to make a strong case for additional resources if necessary. Streamline case management processes. One of the largest areas for improvement in AML programs is case management.

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Compliance Training System Management 221

Perficient

MARCH 16, 2023

At Perficient, having the experience of delivering over 40 successful client remediation projects over the last 10+ years, we believe clients can obtain significantly more value across the client remediation action plan by: Front loading time-consuming tasks through dedicated sub-teams, rather than executing them sequentially in the process.

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Analysis Resources How To Regulation 275

PYMNTS

OCTOBER 1, 2018

The American Production and Inventory Control Society (APICS) is forming a new nonprofit association, the Association for Supply Chain Management (ASCM). 1), APICS announced the formation of the ASCM as a unit to support supply chain management, innovation and progress in the industry. In an announcement made Monday (Oct.

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Management Michigan Resources Training 108

PYMNTS

NOVEMBER 23, 2020

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

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System Management Tools Cards 165

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.

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Innovation Millennials Technology Examples 215

South State Correspondent

SEPTEMBER 19, 2024

Marketing expense is increased due to more efficient digital marketing and as a result incentive compensation is lower as fewer bankers are needed mto handle applications, credit and origination management. You can’t manage what you cannot measure. This applies to both origination and portfolio management.

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Examples Lending Operations Management 195

Realwired Appraisal Management Blog

NOVEMBER 28, 2023

Limited resources can curb banks’ innovation and competitiveness. Your appraisal management technology partner is potentially key to bridging the gap. When your bank says “no new initiatives” does that mean all productivity ideation halts? Reframe “no new initiatives” into a “train in the off-season” mindset.

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Strategy Training Resources Innovation 104

FICO

JUNE 16, 2023

In case you didn’t get a chance to attend this year, here’s a recap of the top customer management experience themes and presentations. The full Forrester presentation can be found at the FICO Resource Center. As technology continues to expand, so will the demand for emotional intelligence and emotional connection.

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Trends Management Customer Experience Resources 52

PYMNTS

AUGUST 29, 2018

NACHA ‘s Payments Innovation Alliance has gained a new member. 28), NACHA announced that the New England Automated Clearing House (NEACH) has joined the Alliance, an initiative that promotes collaboration between volunteers to achieve innovation and progress in the payments industry. In a press release issued on Tuesday (Aug.

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Innovation Payments Resources Industry 100

PYMNTS

APRIL 7, 2020

But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. CUs need to move beyond payments, said Fagan, and embrace what he termed a “full-scale, full-service approach to innovation.” percent to a recent 21.9 Keeping Score.

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Innovation Digital Banking Resources Apple 142

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. These include driving growth, reducing costs and managing financial risks in a volatile business environment.

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Operations Innovation Management Risk Management 138

PYMNTS

MAY 23, 2019

When it comes to innovation, go to the source. has joined the ranks of companies and brands setting up innovation labs. QSR Innovation. The PepsiCo innovation effort comes at a time of significant technology development in the world of restaurants, including quick service restaurants (QSRs). Mobile Innovation.

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Innovation Retail Operations Technology 148

PYMNTS

APRIL 16, 2020

COVID-19, the panel universally agreed, for all the havoc it has wrought, may end up being the catalyst for innovation that the CU entire industry needed to really begin its next evolution in delivering on its members expectations. Innovating On A Dime. We’ve learned quite a bit.”.

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PYMNTS

MAY 8, 2018

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. 1 necessity for an entrepreneur’s innovative initiatives. A survey of more than 1,021 small businesses in the U.S.

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Innovation Survey Tools Management 119

South State Correspondent

JANUARY 3, 2024

To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites. These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. It’s research-based, with a good buzz out in management circles.

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PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. Commercial card innovation continues to migrate toward areas like accounts payable and expense management, but one France-based startup, Swile, is wielding corporate card technology for another use case.

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Cards Innovation Tools Capital 131

PYMNTS

SEPTEMBER 26, 2018

Reports in CNBC said Davidson described the existing legislative framework in the cryptocurrency market as “sloppy,” and invited industry stakeholders to participate in the roundtable in an effort to “preempt a heavy-handed regulatory approach that could stall innovation and kill the U.S. ICO market.” ”

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Management cryptocurrency blockchain Regulation 164

Bank Innovation

JULY 15, 2016

Wealth management has historically been a good source of revenue for banks, but it carried a significant cost, too. Smaller banks, with fewer resources, often cannot afford the employees that deliver the revenue.

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Capital Management Resources Online 150

PYMNTS

SEPTEMBER 5, 2019

Payments and cash flow can be the difference between life and death for small and medium-sized businesses (SMBs), This also applies to expense and spend management, which have a massive impact on cash flow. They have fewer financing resources than other businesses,” Pomeroy said. The problem is all to real for SMBs, he said.

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Management Mobile Cards Technology 150

Perficient

AUGUST 14, 2020

More than ever before there are so many tools and resources to show one how to gain control and empower the business in areas like adoption and governance. Ultimately there are a few key resources for not only getting started but also for getting your arms around Teams can be a healthy Hub for modern teamwork.

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Resources Tools Innovation Community 360

PYMNTS

JANUARY 28, 2020

Every particular concern must be deftly managed within budget, too, which can be tricky when unforeseen expenses arise. Having the right spend management tools is not a luxury in event planning but rather an element critical to success. The firm uses a well-known corporate card provider to support its team’s expense needs.

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PYMNTS

SEPTEMBER 19, 2019

As the number of invoices piles up, so does the time and resources needed to approve them — at least in theory. So how are businesses that handle such massive volumes of invoices managing to process them faster than the competition? percent plan to implement invoice payment innovations. In fact, 73.7 percent, 48.8

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Innovation Survey Resources Payments 122