Most people remember Michael J. Fox’s starring turn in the bit of Hollywood magic that highlights a 30-year jump back in time, landing him in the 1950s, before space travel, the Beatles, and pervasive computing of any kind. Today, a similar leap would take us to the dawn of the internet era, a world when client-server computing was at its zenith and some questioned the future viability of Apple as a company. How much has changed! I recently saw a DeLorean on the road, which brought a certain magical whimsy to mind. Hopefully, the flux capacitor was in good working order.
April 20, 2023 by Erika Baumann
The evolving payments landscape in commercial banking is a continued area of focus for financial institutions (FIs) and vendors. Broadly described as infrastructure modernization efforts, FIs in particular are being challenged to keep up with payments volume and data integration needs, technical innovations, and the growing need for real-time capabilities.
Commercial clients increasingly demand market-leading payments solutions and products and are willing to switch or even bypass FIs by engaging directly with fintech startups to attain them. All of this has meant greater competition and FIs needing to seek go-to-market solutions they can bring to clients as quickly as possible. Legacy underlying infrastructure is one of the biggest hurdles in accomplishing this goal.
April 20, 2023 by Thad Peterson
Accepting payments when a merchant’s customers live around the world is hard. Global merchants need to be able to market, sell, and deliver their products in literally hundreds of different markets. Aside from making sure that consumers can find what they need in a language that they understand, customers also need to be able to pay for their purchases with a payment type that they have and, ideally, that they prefer to use.
April 19, 2023 by Deb Zawisza
On March 29th, I hosted the Aite-Novarica Women’s Network meeting on the topic of mentoring in insurance.
April 17, 2023 by Harry Huberty
Straight-through processing (STP) is often among insurers’ top goals for leveraging technology to improve efficiency for property/casualty and life/annuity/benefits insurance.