For financial institutions, focusing on digital transformation has become extremely important. The shift to digitization accelerated during the pandemic when many people weren’t stepping foot into physical bank locations, keeping most of their interactions with banks virtual. PaymentsJournal recently sat with Whitney Stewart Russell , President of Digital Solutions at Fiserv, and Steve Murphy , Director of Commercial Payments at Mercator Advisory Group to discuss Fiserv’s recent study and the key findings from it, as well as the advantages that financial institutions may have, and why trust is crucial to their success. Digital Behavior Shifts Financial Institutions have historically enjoyed a high degree of consumer trust, but during the pandemic more consumers were drawn to the convenience that fintechs provided when it came to digital banking. “It’s interesting,” said Russell. “One stat that I often share with customers as we’re talking about this change is from a study. Millennials were asked who they would feel most comfortable banking with, and it actually swung to fintechs and big tech because of the convenience those organizations can provide.” “Maybe I don’t trust them as much, but I’m willing to migrate to them because of the convenience factor,” she said. Now the […]

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The Russian invasion of Ukraine is still far from over, but it is already clear that Ukraine has defended its independence and won the right to become a fully fledged member of the democratic world. This trajectory was further underlined in summer 2022 when Ukraine received official EU candidate nation status. Ukraine’s future prosperity is not just a matter of ending the war and moving toward membership of the European Union, however. Ahead lies the complex reconstruction of the country’s entire economy and national infrastructure. In order for this to succeed, there can be no return to pre-war conditions. Instead, Ukraine has a once-in-a-lifetime opportunity to reinvent itself as one of the most modern nations on the planet. Thanks to the unprecedented support of Ukraine’s international partners, today’s ambitious visions for a new Ukrainian economy are entirely feasible. This will in all likelihood be a green economy at the cutting edge of the digital revolution. President Zelenskyy had already set Ukraine on the road to a digital future long before the horrors of Russia’s full-scale invasion. In the early days of his presidency in spring 2019, Zelenskyy identified digitalization as a national priority and vowed to create “a country […]

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HCL Tech will serve as Mattel’s primary IT digital transformation partner for the next several years. (Photo: HCL Technologies/FB) IT company HCL Technologies Ltd. has bagged a digital transformation deal from U.S.-based toy manufacturing company and owner of children’s and family entertainment franchises Mattel Inc., the company said on Thursday. Under the deal, HCL Technologies will serve as Mattel’s primary IT digital transformation partner for the next several years. HCL Technologies will support Mattel’s future direction and continued digital transformation journey. "With operations in more than 35 locations around the world, it is vital to have an IT services partner that can match our scale and adjust for our growth as an IP-driven, high-performing toy company," Mattel chief technology officer, Sven Gerjets. HCL Technologies, President of Digital Business, Anand Birje said that the company will help Mattel with their business applications and enterprise platform modernization while shifting their underlying digital foundations to resilient, modern, and efficient cloud infrastructure. ADVERTISEMENT ADVERTISEMENT

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Des Morley. Image: An Post The company’s chief digital and technology officer talks about the challenge of harnessing data and the importance of a holistic approach when it comes to fraud prevention. An Post has been integrating technology into its services for several years, from IoT trackers across its supply chain to the more recent digital stamp last year. Having joined the company four years ago, Des Morley is continuing to lead its tech strategy as the chief digital and technology officer. Morley has extensive expertise in driving large digital and data transformation strategies, accelerating the adoption of digital change programmes both internally and for customers. Prior to his current post, Morley held digital and commercial roles at Eir, O2 Telefonica and American Express. He told SiliconRepublic.com his role is a strategic function that helps identify opportunities where digital, data and tech innovation can help deliver An Post’s business strategy and transformation agenda. “Not only are we transforming the way we do business, but we’re changing the perception of An Post through new or enhanced services and customer experiences and delivering on An Post’s ambition to have best in class digital customer connection and engagement.” ‘IT’s role needs to […]

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Danilo McGarry, one of the world’s leading authorities in digital transformation and one of the 50 most influential people in Artificial Intelligence (AI) in the world, will take to the stage as the opening headline speaker for Wales Tech Week 2023. Danilo, as a recognised international speaker, will share his expertise and valuable insight around how companies can use innovation and technology to transform digitally. Wales Tech Week 2023 , will be an international, hybrid Tech Summit bringing together some of the world’s best tech minds to learn, connect and do business. Danilo’s opening keynote will kick off the first day on Monday 20 March 2023 at the ICC Wales, Newport, Wales. As the Head of Digital Transformation, at Alter Domus (a market leading alternative investment business services company), Danilo leads the company’s digital transformation program that incorporates the latest tech and innovation the industry has to offer such as Ai, Automation, latest methodologies and tech tools supported by a market leading digital ecosystem. Danilo, who for the second year in a row has been ranked number 1 in the world for RPA / Automation, said, “I am excited to attend Wales Tech Week where so many cutting-edge and […]

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Crowdsource Innovation Digitalization is fundamental to facing the world’s biggest challenges, which depend on connectivity and digital skills, yet, connectivity inequality still exists. Among other key factors, digitalization can increase national resilience by bridging the digital divide for better economic growth and social inclusion. A paradigm shift in connectivity is taking place, evident through the rapid scaling of 5G, forecasted to reach 5 billion by the end of 2028, according to the latest Ericsson Mobility Report . Ericsson was founded on the premise that communication is a basic human need. Yet, today’s biggest inequality may be between the connected and unconnected. While we need to harness the power of digitalization to face a series of fundamental challenges – economic slowdowns, energy crises and a changing climate – connectivity is a foundation for digitalization, as are the skills to use digital tools. Around the world, mobile networks play a crucial role in providing connectivity, with more than 6 billion subscribers on mobile networks today – more than the number of toothbrushes. Let’s look at five areas in which digitalization can encourage the resilience we’ll need in 2023. Have you read? 1. Improved networks and coverage Connectivity is a cornerstone for […]

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Just weeks after a report from the National Audit Office (NAO) cast doubt on the ability of the BBC to build a digital-first public service media organisation and manage the future demands of viewers and listeners, the Public Accounts Committee (PAC) has also questioned the corporation’s capability in achieving its digital ambitions, with MPs expressing particular concern over any pushback on previously stated guarantees in how it could manage a vast increase in acquiring personal data on UK licence fee payers. The BBC first announced its digital transformation plan in May 2022, with, said BBC director-general Tim Davie , a commitment to build a digital media organisation that made a significant positive impact culturally, economically and socially, and one that would be a global leader. Moreover, this would be an organisation that put digital first when creating content, and one driven by “the search for truth, impartiality, outstanding creativity and independence”. To achieve these objectives, the BBC said it would reallocate money towards content that works in the on-demand world, such as the iPlayer on-demand, live and catch-up TV platform , making “tough choices” on traditional distribution and investing more in online services. Indeed, the BBC was planning for […]

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North America, Director of Marketing & Sales at Neocase . Over 15 years of experience in the HR technology industry. getty Scholars and pundits are using multiple terms for the turbulent employment market, including the Great Resignation and the Great Reshuffle. For consistency in this article, let’s stick with the Great Resignation. Corporate takeovers, buyouts and various downsizing initiatives have resulted in hundreds of thousands of layoffs across North America. However, the job market continues to grow steadily as unemployment figures remain relatively low. So, what exactly is going on? There are countless variables and contributing factors to the health and prosperity of any given economic system. The bottom line, however, is that demands are changing. That is the driving force behind many of the unprecedented phenomena occurring in the jobs market today. In this article, we will consider the many factors contributing to today’s market and how both employees and companies are navigating it. Let’s dive in. What is contributing to the current employment market? In 2020, the Great Resignation (subscription required) began. This has been an ongoing mass exodus of dissatisfied workers who are walking away from their jobs in search of something better. Pew Research Center […]

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Greenlabs, an Agtech company selected as this year’s WEF Global Innovator, will be delivering a speech at the Davos Forum on resolving food crisis through digital solutions. The company plans to share its experiences with digital transformation for sustainable agriculture with leaders from around the world and discuss its global expansion plans. SEOUL, South Korea and COLOGNY, Switzerland, Jan. 13, 2023 /PRNewswire/ — Greenlabs will present strategies to address the food crisis, which will involve digital transformation of agriculture with data, in front of global leaders. The CEO of Greenlabs, Mr. Sang-hoon Shin, will participate in the Davos Forum in Switzerland (World Economic Forum Annual Meeting, WEF), which is a five-day event starting on the 16th. On 19th, WEF has a scheduled session on " Feeding 10 Billion: How Will We Eat in 2050?" during which CEO Shin will be giving a speech on behalf of Greenlabs regarding the need for developing comprehensive and effective online solutions for all members of the agricultural community as the means to resolve the global food crisis. The aim of the event is to present ways to establish a sustainable food supply chain by forecasting supply and demand for agro-food products, maximizing resource […]

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By Anand Oswal, Senior Vice President and GM at cyber security leader Palo Alto Networks Critical infrastructure forms the fabric of our society, providing power for our homes and businesses, fuel for our vehicles, and medical services that preserve human health. With the acceleration of digital transformation spurred by the pandemic, larger and larger volumes of critical infrastructure and services have become increasingly connected. Operational technology (OT) serves a critical role as sensors in power plants, water treatment facilities, and a broad range of industrial environments. Digital transformation has also led to a growing convergence between OT and information technology (IT). All of this connection brings accessibility benefits, but it also introduces a host of potential security risks. Cyberattacks on critical infrastructure threaten many aspects of our lives It’s a hard fact that there isn’t an aspect of life today free from cyberthreat. Ransomware and phishing attacks continue to proliferate, and in recent years, we’ve also seen an increasing number of attacks against critical infrastructure targets. Even in environments where OT and IT have been traditionally segmented or even air-gapped, these environments have largely converged, presenting attackers with the ability to find an initial foothold and then escalate their […]

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