Nanonets

DECEMBER 13, 2023

1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years.

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

FEBRUARY 21, 2020

Air France-KLM stopped China flights and forecasts demand reductions related to the coronavirus to reduce results by up to $217 million, while Qantas warned investors that the virus could probably reduce its earnings in the second hand of the year by $99.5 And airlines have canceled over 200,000 flights as the virus keeps spreading.

Cybersecurity 132

Cybersecurity Mitigation Adjustments On-Demand 132

The Fintech Times

JULY 10, 2024

Adjusting course Perhaps after recognising the shortcomings of purchasing carbon offset credits, Google has pledged to purchase high-quality carbon removal credits in a way that maximises its positive impact on global decarbonisation. But as the biggest tech firms go all in on them, should we be concerned? Who needs carbon credits anyway?

AI 59

AI Due Diligence Adjustments On-Demand 59

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.   Accuracy of Adjustments : Verify the accuracy of any adjustments made during the reconciliation process, ensuring they are properly supported, authorized, and recorded.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

EBizCharge

JULY 8, 2024

Effective P&L management requires a confluence of robust financial strategies and operational efficiencies, targeting sustained revenue growth while mitigating direct costs and operating expenses. This could mean adjusting pricing strategies, cutting unnecessary costs, or boosting investment in profitable areas.

Adjustments 52

Adjustments Accounts On-Demand Finance 52

PYMNTS

NOVEMBER 19, 2020

There is a balance that must be struck between an agile procure-to-pay process and ensuring proper risk mitigation tactics. Not only do buyers want to mitigate their supply chain risks, but they're also looking to support the economy at-large by working with small- to medium-sized businesses (SMBs). Solving Friction on Both Sides.

Small Business 60

Small Business Mitigation Risk Mitigation Adjustments 60

PYMNTS

OCTOBER 28, 2020

For example, in the United States, the demand on the internet infrastructure surged by 25 percent as large parts of the population practiced social distancing. Traditional retailers scrambled to adjust to a digital-only world. There is no queuing in lines when digital demand accelerates, only system outages and customer outrage.

Technology 73

Technology Economy On-Demand Real Time Payments 73

PYMNTS

APRIL 1, 2020

The biggest drop in demand the company has seen is with the airlines. For a large proportion of businesses, however, Brown says it’s a time to mitigate the issues that are arising out of this “unprecedented event that’s happening.”. Fluidity also exists around the duration of lockdowns. if London is not on lockdown anymore).

On-Demand 70

On-Demand Mitigation Adjustments Returns 70

Stax

APRIL 18, 2024

TL;DR ISVs develop and distribute software products independently and often collaborate with hardware manufacturers and platform providers. SaaS companies deliver software applications over the internet on a subscription basis, simplifying access and management for users. What are SaaS companies? Some may use cloud platforms for online solutions.

ISVS 88

ISVS Payment APIs and Integration End User On-Demand 88

PYMNTS

JULY 15, 2020

Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. And that means communicating with those individuals who oversee the systems.” They should. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Credit Cards 58

PYMNTS

FEBRUARY 20, 2020

It is difficult to accurately forecast how much inventory is necessary to meet demand without purchasing too much, which could waste both money and food. market, attributed the shortage to a vast underestimation of demand. “We Cloud-based systems can help restaurants mitigate these issues and avoid the wrath of hungry customers.

On-Demand 52

On-Demand Mitigation Automation Adjustments 52

PYMNTS

NOVEMBER 17, 2020

an unprecedented surge in demand for medical equipment like N95 masks, respirators and isolation gowns has created a nightmare procurement scenario for the healthcare industry. At the height of the pandemic in the U.S., once again. Know Your Supplier. Not all of them had the best intentions, according to Miller. Leveling The Playing Field.

On-Demand 94

On-Demand Fincen B2B Addressing 94

PYMNTS

NOVEMBER 16, 2020

Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. Traditionally, a means of mitigating this challenge is for a business to open a local bank account in each jurisdiction in which it operates. Today, that's not always possible.

Cross-Border 56

Cross-Border FinTech Cross-Border Payments Small Business 56

PYMNTS

MAY 27, 2020

The ATM has emerged as one of CUs’ most important tools in this member engagement effort, in fact, with many investing in digitally-enabled ATM kiosks that provide members with on-demand videoconference consultations and a full range of digital banking services. For more on these and other CU news items, download this month’s Tracker.

ATM 97

ATM Innovation Credit Union Mobile Banking 97

Nanonets

APRIL 3, 2024

Making Adjustments and Corrections: All adjustments required to rectify errors or discrepancies in the accounts payable system must be recorded. A summary report detailing any adjustments and findings should be prepared, and necessary approvals obtained. The use of automation tools conserves employee time and effort.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

JUNE 25, 2019

’s exit from the European Union as a top supply chain concern — more than cyberattacks, natural disasters, supplier failures and demand surpassing capacity. Brexit , trade wars and other geopolitical events that are disrupting supply chains are leading to a heightened focus on risk mitigation and cost reduction, too. “U.K.

Disputes 49

Disputes Risk Mitigation Mitigation Risk 49

EBizCharge

AUGUST 20, 2024

Through a blend of functionality from B2B and B2C (business-to-customer) Commerce practices, Salesforce B2B Commerce aims to bridge the gap between the sophisticated demands of B2B transactions and the seamless, customer-centric experiences often associated with B2C.

B2B 52

B2B B2C Best Practices On-Demand 52

Clearly Payments

JANUARY 4, 2024

Understanding Cryptocurrency Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on a decentralized network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Central Bank 84

PYMNTS

MAY 6, 2020

As the first round of deposits for fall semesters fast approaches, how will the higher education system adjust its pricing strategies, maintain affordability for struggling families and promote its own cash flow viability (that is sure to be disrupted by changing billing structures and lower enrollment rates)?

Enrollments 64

Enrollments Cost Structure Adjustments Returns 64

PYMNTS

MAY 6, 2020

As the first round of deposits for fall semesters fast approaches, how will the higher education system adjust its pricing strategies, maintain affordability for struggling families and promote its own cash flow viability (that is sure to be disrupted by changing billing structures and lower enrollment rates)?

Enrollments 63

Enrollments Cost Structure Adjustments Returns 63

Core

OCTOBER 16, 2023

Detecting Irregularities Sudden or unexpected anomalies identify opportunities that demand attention but may also signify underlying issues. Revenue Stream Diversification: Agencies can explore multiple revenue sources, from tax and non-tax sources, to reduce dependence on any channel and mitigate risks associated with fluctuations.

Governance 52

Governance Government Procedures Mitigation 52

PYMNTS

DECEMBER 30, 2020

The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential contagion. In-branch operations will also likely need to be adjusted to account for the new post-pandemic paradigm. . How 2020 Impacted Digital-First Banking.

Online and Mobile Banking 96

Online and Mobile Banking Void Mobile Banking On-Demand 96

PYMNTS

DECEMBER 29, 2020

We see a lot of accounts payable teams getting the same level of demand for digital or electronic payment methods from their suppliers because suppliers are in the same situation. One of the biggest challenges today is mitigating the threat of fraud while B2B payment workflows operate remotely. But it can be a lot simpler.”.

B2B 82

B2B Real Time Payments Payments Instant Payments 82

PYMNTS

MAY 25, 2020

In a black swan event such as the pandemic, ensuring business continues to flow not only means mitigating volatility of today. For many businesses along the global supply chain, it may also mean introducing changes that will affect how trade is done well into the future, too. Redefining Risk Strategies.

Adjustments 57

Adjustments B2B Product Mitigation 57

Clearly Payments

NOVEMBER 10, 2023

Synchronizing sales records with actual financial inflows becomes intricate, demanding proactive cash flow management and strategic planning. Ensuring seamless communication is crucial for accurate reconciliation, and disruptions caused by technical glitches or system updates demand meticulous investigation and resolution.

Reconciliation 52

Reconciliation Credit Cards Processors SWIFT 52

PYMNTS

APRIL 16, 2020

However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures. Adjustments to corporate roadmaps will be an inevitability for many firms, Tipalti included. A Long-Lasting Impact.

Finance 75

Finance Automation Lockbox Checks 75

PYMNTS

MARCH 2, 2020

The rise of the gig economy, heightened customer demands, and business globalization have all introduced new ways that businesses can use outgoing payments as a strategy for growth, profit and customer loyalty. Different Scenarios, Same Demands. Think of a gig worker of a food delivery service.

B2C 60

B2C Payments Push-to-Card On-Demand 60

PYMNTS

JANUARY 23, 2020

Indeed, it makes good business sense to address customers’ payment demands by enabling them to pay the way they desire. “We have seen over the last couple years a major upswing in ransomware events affecting our insurance claims, and the vast majority are demanding payment in some sort of cryptocurrency.” ” .

Ransomware 58

Ransomware Cryptocurrency Small Business Risk 58

Nanonets

FEBRUARY 12, 2024

As traditional financial models strain under the weight of data and the demand for rapid, personalized decisions, artificial intelligence emerges as the beacon of innovation, reshaping the landscape with unparalleled precision and efficiency. AI's adaptability becomes a game-changer in this dynamic environment.

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. When it comes to changes to payment processes, it’s not the technology that’s holding entities back, it’s the friction of adjusting to new ways of working.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

MAY 11, 2020

There is a whole host of tactics that subscription retailers should make to adjust to the immediate reality of a COVID-19 world. It will be really interesting to see how the market moves to meet those demands.”. Consumers are treating spending very differently today than they were even eight weeks ago.

Consumer 91

Consumer Gateways On-Demand Mitigation 91

Clearly Payments

FEBRUARY 12, 2024

By capitalizing on consumer demand for faster, more secure, and cost-effective payment options, companies strive to carve out a niche in the market and reduce the reliance on traditional card networks. Regulatory changes necessitate adjustments to their compliance frameworks and operational practices.

Visa 90

Visa Payments Payment Networks Online and Mobile Banking 90

PYMNTS

SEPTEMBER 21, 2020

Recent PYMNTS data show that 42 percent of Main Street small and medium-sized businesses (SMBs) have reduced payroll to help mitigate the financial impact of the pandemic. The PPP, of course, has seen demand peter out, with billions left in the till, and with allegations of fraud. What will the 42 percent solution be?

Payroll 61

Payroll Risk Mitigation Adjustments 61

PYMNTS

NOVEMBER 28, 2019

We believe this will help mitigate the impact on U.S. Samsung Electronics also made headlines for its supply chain adjustments amid ongoing trade disputes between Japan and South Korea , also expected to cause long-term changes to supply chains throughout Asia. Further, adjusting supply chains throughout Asia are far from a quick fix.

Disputes 49

Disputes Cross-Border On-Demand Adjustments 49

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

PYMNTS

JULY 17, 2020

The figures “confirmed the strong snapback in demand as retail sales are now back to their pre-coronavirus levels,” Oxford Economics’ Lydia Boussour and Gregory Daco wrote in a note Thursday, according to Advisor Perspectives. The increase was driven by more business reopenings as well as expanded unemployment benefits. Data from the U.S.

Federal Reserve 63

Federal Reserve Bureau of the Fiscal Service Fed Fiscal Service 63

PYMNTS

MAY 8, 2020

And the challenges — particularly the security challenges — existed both for the digitally native firms that suddenly found their services in-demand and rapidly scaling, as well as the Main Street SMBs that were forced to make the great digital leap forward. Building A Bridge To Recovery.

Economy 74

Economy Security Fraud Prevention Shutdown 74