PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. The industry is moving in the right direction, and the tools and resources are there to make it happen.”. Connectivity is key.

Innovation 297

Innovation Fintech Cards Payments 297

PYMNTS

MAY 9, 2019

In today’s digital economy, with shopping as easy as the tap of a finger on a smartphone screen, brick-and-mortar retail businesses have no choice but to innovate to keep and grow their clientele. At the same time, many consumer services firms recognize the value that specific technological applications can bring to their operations.

Innovation 197

Innovation Retail Survey Technology 197

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. Unbundle your end-to-end operations and conduct a SWOT analysis.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . However, the pandemic is marking a major turning point for payments innovation.

Operations 192

Operations Payments Cards Mobile 192

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. These controls include the ability to terminate instances of non-compliant AI on Board IT resources.

Regulation 221

Regulation Risk Management Policies Compliance 221

Abrigo

SEPTEMBER 24, 2024

The Financial Crimes Enforcement Network (FinCEN) recently released proposed legislation that encourages innovation within AML/CFT programs, advocating for the integration of advanced technologies while maintaining compliance through human supervision​. Investigative expertise is critical.

Software 195

Software Management Compliance Resources 195

South State Correspondent

SEPTEMBER 19, 2024

There is a myriad of manual processes that take place everyday in banking driving up unit economics and causing the average bank to operate with a 77+% efficiency ratio. To be competitive in the future, banks need to be operating at an efficiency ratio of below 40%. return on asset figure.

Examples 195

Examples Lending Operations Management 195

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). In other words, PepsiCo Inc.

Innovation 148

Innovation Retail Operations Technology 148

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. The partnership model can help offer a roadmap for CUs.

Innovation 215

Innovation Millennials Technology Examples 215

Perficient

FEBRUARY 18, 2021

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 applications, but also to automate time-consuming processes and improve business operations. Provide operational support through automation. Learn More.

Tools 531

Tools Innovation Resources Operations 531

Bank Innovation

OCTOBER 21, 2016

BNY Mellon has made a lot of noise about blockchain technology in recent months and that continued in a discussion of the bank’s innovation agenda yesterday. Reporting the bank’s third-quarter earnings, CEO Gerald Hassell outlines a shift in resources from real estate to digital.

blockchain 150

blockchain Innovation Resources Technology 150

Abrigo

JULY 9, 2024

Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach. This is pivotal to ensuring resources and attention are focused on each financial institution’s unique risks. trillion in illicit flow of funds.

Compliance 221

Compliance Fraud Regulation National 221

Perficient

JANUARY 5, 2021

The expanded executive leadership team will drive continued growth and operational excellence across Perficient while delivering superior solutions for clients. “As “We’re in the business of helping our clients power innovation and deliver exceptional customer experiences. Ostasz, AVP of U.S. Ostasz, AVP of U.S.

Leadership 531

Leadership Denver Charlotte Ohio 531

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. Banks can only do so much with limited resources. We also love to keep things simple.

Strategy 195

Strategy Resources System Management 195

FICO

JULY 15, 2021

lags behind many other countries in financial literacy, meaning millions of Americans lack the resources they need to chart a healthier financial future. FICO is taking a number of steps to promote credit education and financial independence alongside our partners at Operation HOPE. Operation HOPE Global Board of Advisors.

Operations 98

Operations National Community Analytics 98

Perficient

AUGUST 4, 2024

This connectivity enhances interoperability, allowing for streamlined operations and improved data flow across various platforms. Regulatory Reporting and Compliance Automation Compliance reporting is often a resource-intensive process. API Management benefits your products & customers as much as it benefits your development teams.

Industry 467

Industry Compliance Examples Risk Management 467

PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce. RLJ Financial On Managing B2B Spend With Virtual Cards.

Management 268

Management Cards Company Innovation 268

PYMNTS

FEBRUARY 11, 2019

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. And many retailers are heeding the call: According to the PYMNTS Retail Innovation Readiness Index , 60 percent of health and beauty merchants are focusing on innovation. About the same share — or 60.9

Innovation 166

Innovation Retail social media Apple 166

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. Firms that process more than 20,000 invoices per month are also the most likely to plan on more innovations going forward, too. percent plan to implement invoice payment innovations. In fact, 73.7 percent, 48.8

Innovation 122

Innovation Survey Resources Payments 122

PYMNTS

SEPTEMBER 3, 2019

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

Innovation 223

Innovation Payments Branding Cards 223

Abrigo

DECEMBER 2, 2015

The following is an excerpt from the Sageworks whitepaper "The Automation Revolution: How Technology is Changing the Way Firms Operate". Today, technology is progressing so quickly that “innovation” is a buzz word. Bloomberg created an innovation index to monitor the world’s progress. and other national media companies.

Operations 150

Operations Technology Customer Experience Software 150

PYMNTS

APRIL 1, 2019

It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. They very naturally want to see those types of innovations incorporated into their banking relationships. According to this survey of credit union customers, an overwhelming 81.3 But, Lynch noted, it is still a starting point.

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

JUNE 23, 2016

When you think FinTech, many words come to mind — startups, disruption, innovation, consumer-centric — but there’s also regulation. On average, approximately 20 percent of a FinTech’s operational costs are dedicated to the governance and compliance area. The Innovation-Regulation Foot Race. The RegTech Roadmap.

Innovation 125

Innovation Regulation Fintech Resources 125

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. Furthermore, human-driven payroll operations mean businesses can struggle if their in-house payroll experts are sick, on leave or exit a company.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

JUNE 18, 2020

The cloud is now the dominant model for delivering and maintaining enterprise IT resources, including hardware, software and platforms and tools for application developers,” the report said. That investment now has the potential to transform the way some businesses operate.”.

Resources 221

Resources Innovation Strategies Analytics Innovation 221

BankInovation

MAY 16, 2024

Southside Bank is looking to Jack Henry’s Enterprise Workflow solution to automate tasks, freeing up human resources and sparking innovation.

Texas 72

Texas Resources Innovation Operations 72

PYMNTS

OCTOBER 29, 2019

The pace of payments innovation continues to accelerate, and corporate payments are no longer an exception to this trend. But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To Banks’ Unwavering Role.

Innovation 101

Innovation System Payments Fintech 101

PYMNTS

JANUARY 28, 2020

The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers.

Innovation 155

Innovation St. Louis Fraud United States 155

Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Data-driven staffing assessments will pinpoint where resources are most needed.

Compliance 221

Compliance Training System Management 221

Perficient

JUNE 17, 2020

This has never been more critical, as our clients continually need to adapt and innovate rapidly to meet today’s unprecedented environment. In the same way, Perficient leverages our more than 1,000 full-time employees in our fully owned and operated global and domestic delivery centers to deliver quality with every client engagement.

Software 617

Software User Experience Meeting Resources 617

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JANUARY 18, 2018

The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up. Cybersecurity.

Regulation 156

Regulation Innovation Fintech Marketing 156

Perficient

JULY 1, 2020

In order to successfully transform core business operations, application development and delivery (AD&D) professionals are encouraged to look for Oracle applications services providers that can: Accelerate the shift to the cloud and to modernizing applications. Foster innovation. Manage business disruption.

Training 452

Training Report Analytics Resources 452

PYMNTS

JULY 26, 2019

Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments. She also pointed to the service’s stop-and-recall, fund confirmation and enterprise resource planning (ERP) integration capabilities as a few examples of enhanced features key to addressing business payment needs.

Innovation 160

Innovation Payments Course System 160

PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Back-Office Innovation.

Innovation 103

Innovation Fintech Industry Tools 103

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. Innovations like pervasive encryption and secure service containers extend IBM Z leadership in cybersecurity, which is why it runs IBM’s blockchain network. Transforming how financial institutions operate. Perhaps no industry more than finance is more concerned about maintaining data privacy.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. “Payroll is a very resource-draining, time-consuming process, and it’s one of those ones that has to be done. However, Steven Jones, business development manager of U.K.

Innovation 154

Innovation Compliance Technology Resources 154