Digitization

Digitization, less commonly digitalization, is the process of converting information into a digital format, in which the information is organized into bits.

Source: en.wikipedia.org

Chief Architecture Officer? CFOs Learn to Design Business Growth
Chief Architecture Officer? CFOs Learn to Design Business Growth
June 10, 2024  |  CFO

Today’s chief financial officers have evolved from back-office accountants to financial architects. And, given the dynamism of today’s business landscape, the transformation of the finance...

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What Businesses Tackling Technical Debt Can Learn From the IRS
What Businesses Tackling Technical Debt Can Learn From the IRS
May 07, 2024  |  Technology

Where a business spends its money typically defines its strategy. And with the news last Thursday (May 2) that the Internal Revenue Service (IRS) is...

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FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
April 04, 2024  |  Banking

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And...

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Bank of America Identifies Four ROI Benchmarks for B2B Payments
Bank of America Identifies Four ROI Benchmarks for B2B Payments
April 02, 2024  |  B2B Payments

Payments innovations that scale broadly in the B2C space aren’t always as widely adopted in the B2B space due to limited applicability. The principles of...

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J.P. Morgan Payments and Expedia: Platform Ecosystems Demand Treasurers Become Risk Management Professionals
J.P. Morgan Payments and Expedia: Platform Ecosystems Demand Treasurers Become Risk Management Professionals
March 25, 2024  |  Travel Payments

Jim Scurlock, senior director and assistant treasurer at Expedia, and Larson McNeil, co-head of marketplaces and digital ecosystems at J.P. Morgan Payments, told Karen Webster...

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Instacart Focuses on Connected Stores as It Cuts 7% of Workforce
Instacart Focuses on Connected Stores as It Cuts 7% of Workforce
February 13, 2024  |  Earnings

Even as Instacart is undergoing major layoffs to cut costs, the company continues to invest in fully digitizing the physical store to boost omnichannel efficiency....

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Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
January 25, 2024  |  B2B Payments

Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades...

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How PayFacs Use Payments to Reshape the Digital Economy
How PayFacs Use Payments to Reshape the Digital Economy
January 23, 2024  |  Digital Payments

Payment facilitators, or PayFacs, quietly lead a revolution at the heart of the digital economy. At the center of this shakeup lies embedded finance, encompassing...

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Construex Raises $4.6 Million to Digitize Latin American Construction Industry
Construex Raises $4.6 Million to Digitize Latin American Construction Industry
November 27, 2023  |  Investments

Construex, an Ecuador-based software-as-a-service marketplace, has raised $4.6 million in seed funding to accelerate its mission of digitizing the construction industry in Latin America. “This...

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