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Artificial Intelligence and Deep Learning

Short-term & Long-term Implications of Real-time Payments

October 22, 2019

The US real-time payments network currently reaches about 50% of the population, and was on track, via private sector channels, to provide complete coverage by the end of next year, as noted in an article at Forbes.com by Ike Brannon, a senior fellow at the Jack Kemp Foundation.

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To Improve Revenue Cycle Performance, Look Beyond Mere EHR

October 18, 2019

A new Navigant analysis has found that over 60 percent of hospitals and health systems are not realizing optimal value from their EHR system.

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check fraud prevention

Deep Dive: Financial Crime & Fraud in the Age of Cybersecurity

October 17, 2019

Want to go deep on financial fraud and crime, and learn the difference between the two while also learning about the role of modern cybersecurity tools in curtailing both? Get comfortable and spend some time with this comprehensive article from McKinsey & Company covering Financial crime and fraud in the age of cybersecurity. Their analysis…

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Traditional Fraud Prevention Falls Short in Age of AI

October 9, 2019

Paymnts.com reported recent data (from West Monroe Partners) that found 77 percent of banks are already putting AI solutions to use in some way. Count Chase as one of the forefront adopters of Artificial Intelligence solutions and technology. Chase is embracing AI and ML to help customers conduct business while preventing fraudsters from making off with data or financial…

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Bank Branch

Business Satisfaction with Banks: Dips But Remains High

October 1, 2019

A new report by FIS finds that business satisfaction has dipped slightly, but remains high. The FIS research found that 78% of U.S. SMBs report being extremely or very satisfied with their PFIs, down slightly from 81% in the 2018 study. SMBs with $25M-$75M in revenue reported the highest satisfaction in their banking providers (85%).…

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AI and the Resurrection of Moore’s Law

September 26, 2019

Moore’s Law famously states that the number of transistors on a microchip doubles every two years, though the cost of computers is halved. A new essay on Medium.com explores how Moore’s Law had actually been “phasing out” for a period of time: Moore’s Law, one of the fundamental laws indicating the exponential progress in the…

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AI Becoming More and More Vital in Banking

September 24, 2019

Let’s face it: Human beings are indispensable, but we are learning that in order to bring the level of service that is expected in today’s marketplace, machines and analytics have to work together and deliver quicker, more intelligent solutions than we’ve previously seen or experienced. This is the root of Artificial Intelligence and its value…

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Pew: Congress Should Adopt ONC Guidelines for Cures API Mandates

September 19, 2019

The Office of the National Coordinator for Health IT’s (ONC’s) has issued guidelines for adopting application programming interfaces (APIs) into health data and EHR use. (You can see their report on hospitals’ usage of EHR data here.) The organizations who signed on to the letter are: American Academy of Family Physicians American Academy of Neurology…

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TV News Reports “New” Mobile RDC Check Fraud Scam

September 11, 2019

The ability of fraudsters to create an image of a check is not necessarily a new technique. What is newsworthy is accessibility.

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Winning Strategies for Value Based Reimbursements (VBR)

September 9, 2019

At the The 2019 OPEN MINDS Management Best Practices conference, Senior Associate Ken Carr provided a deep dive into that subject in his session entitled Are You Ready For Value-Based Reimbursement? An Executive Guide For Assessing Readiness In A Value-Based Market, which is summarized at the Open Minds website. During the session, Mr. Carr zeroed…

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