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Community banks and credit unions are at a disadvantage. Their lack of necessary internal resources and budget to upgrade their systems and integrate new technologies compared to big banks means the “cutting edge” services that a new generation of consumers have come to expect are slower to arrive at “non-giant” institutions.
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
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Analytics Insight examines the emerging and crucial role of Artificial Intelligence in healthcare revenue cycle. They note that RCM has gotten more challenging due to ever-growing claims and healthcare consumer issues, but the three primary factors are increased patient financial responsibility, convoluted payer contracts, the shift to value-based payments,
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The Better Business Bureau has released a study that shows an increase in job scams during the COVID-19 pandemic. As reported in The Augusta Chronicle: The in-depth investigative study finds job scams increased during the pandemic, and warns job seekers to verify employment offers to avoid illegal jobs, identity theft and fake checks, some of the many forms employment fraud takes and the scams that often result. Read the full study at BBB.org/jobscams.
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
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About two years ago, Google shook the financial world a bit when it announced its intention to offer checking accounts to its users in partnership with banks and credit unions. Google was initially planning to work with Citigroup and Stanford Federal Credit Union. That is no longer the case, as Banking Dive reports: The decision…
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Is your organization lagging behind in fraud detection and prevention tools? Waiting for a fraud event can cost more than pre-emptive fraud prevention Fraud prevention tech is not a DYI proposition In his always-entertaining Frank On Fraud blog, Frank McKenna takes a look at businesses that are struggling to get the fraud tools and technology…
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The No Surprise Act continues to make waves ahead of its adoption. We’ve reported updates recently related to the challenges ahead for the healthcare industry in complying with the proposed rules, including advanced EOBS. More specifics of the No Surprise Act are now coming into focus. Revcycle Intelligence reports: The NPRM titled “Reporting Requirements Regarding Air Ambulance Services, Agent and Broker Disclosures, and Provider Enforcement” seeks to codify existing penalties in the Public Health Service (PHS) Act for violations of Part E of title XXVII.
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JPMorgan Chase is known as an early adopter of cutting-edge tech, and, true to form, they are deploying a new, cloud-based core system for their retail bank using software developed by Thought Machine. Cloud computing in the fintech world is certainly not new at this stage, but seeing it embraced by the nation’s largest bank is a sign of the times.
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Mastercard Inc. solidifies its participation in cryptocurrency Crypto fraud has steadily increased Banks will need to be aware of inevitable crossover fraud Digital Transactions, true to its name, reported a literal digital transaction as Mastercard Inc. announced last week its acquisition of CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and…
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