The number of people accessing bank accounts through smartphones and other mobile devices is expected to reach 1 billion by the end of the year, according to Juniper Research Ltd. But it’s in wearable devices, such as smartwatches, where banks must direct their next digital efforts. The researcher expects wearables to account for 100 million mobile banking sessions by 2020.
Building a culture of engagement at all levels of the company drives improved retention, as well as continuous improvement on a day-to-day basis. By making improvement the responsibility of the entire staff, rather than the domain of a handful of specialists that are separated from the herd, companies become more responsive, more innovative and more productive.
Did you know that Accounts Payable professionals who automate invoice capture and payments save an average of one hour per day? You’d never have to skip lunch to chase down payment authorizations and print paper checks again!
Western Union and WeChat announced an agreement last week that gives users of WeChat in the United States the ability to send money cross-border to 200 countries and territories via the company’s WU Connect platform.
Companies are wasting more than 3,000 hours on manually generating expense reports according to the latest research from the Global Business Travel Association (GBTA). That's 125 days of time spent on a slow, outdated, and error prone process. Optimization and automation are necessities to time and cost savings.
A recent survey noted that workflow was one of accounting firms’ top technology challenges. The survey found that 62 percent of responding firms had no workflow software – 38 percent had no workflow software or any intention to implement it, while 24 percent had no workflow software but were considering it.
Nearly three-fourths (73%) of companies have been affected by internal information security breaches, and the largest single cause of confidential data losses is employees (42%), according to the IT Security Risks Survey released Monday by Kaspersky Lab and B2B International.
Using analytics software, BNC Bancorp is using pertinent data, such as risk metrics, from target institutions and easily converting that information into a report for various departments across the bank to utilize in due diligence.