Skip to content

Data Verification

Health Data Standards Support Healthcare Interoperability

October 25, 2019

The healthcare industry contains a number of different standards development organizations (SDOs) which create, define, update, and maintain health data standards through collaborative processes that involve health IT users. SDO’s are well regarded as they promote interoperability and heightened efficiency. However, lack of widespread adoption and use lessen the effectiveness of existing standards, according to…

Read More
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…

Read More

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…

Read More
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%).…

Read More

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…

Read More

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…

Read More

Cashing Checks: Like Gold in Your Pocket – Ask This NFL Star

September 17, 2019

Checks are still ubiquitous across generations. They remain popular, and they are — in spite of repeated premature eulogies — still alive and well in the world of treasury and B2B. Let’s say you have a check payment from a friend, or you’re running a small business on check payments, or you’re still getting a…

Read More

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…

Read More

Cryptocurrency vs. Real-Time Payments vs. Checks; Which Will Win?

September 4, 2019

When Facebook announced its Libra payment system, reactions were varied, to say the least. Can a gigantic company that cannot be trusted to safeguard our heretofore private information be ready to handle cryptocurrency? PYMNTS.com wonders if another giant company, Walmart, might have a better chance to succeed in the payments field, particularly in light of…

Read More

Cloud Computing: Now a Standard FinTech Tool

August 27, 2019

It seems like not so long ago cloud computing was a nifty pie-in-the-sky idea (see what we did there?) that we’d eventually embrace along with personal jet packs and resorts on the moon. While the jet packs and moon lodgings are still off in the future, let’s make one thing clear: cloud computing is not…

Read More