Image for post
Image for post

One of the core functions for a treasury is money modeling. Invariably, every entity must have a tight handle on their liquidity positions and funds. In a rapidly-evolving marketplace, this isn’t without it’s fair share of challenges. As a result, many treasuries need to step it up as modern business has become increasingly complex and volatile. Accurate management, reporting, and forecasting is critical. There isn’t any question that high-value activities such as cash management can easily become problematic. Further, increasing the quality, consistency, and accuracy of data is crucial. In addition, real-time access to treasury analytics and cash data can help to improve a compliant and secure treasury infrastructure. …

Image for post
Image for post

Higher education has become increasingly competitive as colleges and universities compete for a dwindling pool of prospective students. According to the National Student Clearinghouse Research Center, fall 2020 undergraduate enrollment decreased by 4 percent from the prior year. Community colleges have fared the worst, with enrollment falling 9.4 percent.

A confluence of factors are to blame for declining college enrollments. One is that the population of American high school graduates has plateaued. Another is that years of economic prosperity has discouraged older students from returning to school. …

Image for post
Image for post

Developers may be highly skilled and experienced, but they still realize that hand-coding is outrageously time-consuming. When businesses need to meet growing needs, it’s difficult to retain enough software developers to fulfill demand. Applications miss their deadlines and quality suffers. As a result, the popularity of low-code is on the rise. Further, citizen developers are already using low-code to create custom business apps and more. low-code will comprise over 65% of application development by 2024. So, what is low-code and why isn’t it just for citizen developers? According to Gartner, low-code will comprise over 65% of application development by 2024.

Image for post
Image for post

Business process management, hailed as the modern wizard of business productivity, has evolved. iBPMS, the intelligent evolution of BPM, is the new workflow whiz kid, rapidly ascending to the top of the list of technology that can truly transform how your business runs. iBPMS expands on the foundations of BPM by adding in a heavy dose of smart automation technologies like artificial intelligence . iBPMS can rapidly analyze diverse data sets at hyper-speeds-but its robust, lightning-quick capabilities are not mandatory for every type of business. …

Image for post
Image for post

Over the past two decades, every industry has felt the impact of technological disruptors. Innovation has become the law of today. Due to highly-regulated environments, banks have been able to retain their position of dominance but now new Fintech competitors threaten displacement and market share.

The massive adoption of mobile phones, paired with much faster WiFi connectivity, has enabled consumers worldwide to take out loans, transfer money, open accounts, and make deposits on their mobile devices — this is true even in remote rural areas. The approval of Varo as the first consumer fintech in US history to gain full regulatory approval as a national bank has escalated the threat. Further, in China, WeChat allows users to execute a multitude of financial transactions without a bank account. …

Image for post
Image for post

Banking is experiencing a bustling state of disruption. New competition from Fintech apps and nimble branchless banks is upending the paradigm of what it means to be a “bank.”

For these new disruptors — born in the age of “move fast and break things” — constantly iterating systems and making quick changes based on shifting trends and emerging technologies are hard-wired into their DNA. Their platforms can move at the lightning-speed shifts in customer psychology and preference. A pace that traditional legacy IT systems can’t compete with.

The buzz of new financial technologies does not have to feel like a threat to banks. It can be a valuable tool for improving customer experience. New strategies like composable banking enable traditional banks and financial institutions to leverage innovative Fintech tools; like artificial intelligence, anti-fraud machine learning, voice recognition, chatbots, and more. …

Amanda Wilder

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store