The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24) press release. There were 227,000 initial claims for unemployment insurance during the week ended Saturday...
Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting...
Paymentus has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator, announced Tuesday (Oct. 15), has been added to the Guidewire ClaimCenter, and is designed to help insurers rapidly weave instant digital disbursement capabilities into their claims management processes. “For more than a...
Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions, giving insurance carriers access to One Inc’s suite of inbound and outbound digital payment services, the companies said in a Tuesday...
September 26, 2024
Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they must constantly fine-tune their operations, embracing new revenue streams and avenues of customer engagement. Insurance may seem like a natural fit for banks large and small. Consumers and commercial enterprises have trust in their primary financial institutions. Plus, insurance becomes […]
September 17, 2024
In an era where digital transformation is reshaping industries across the board, the insurance sector is no exception. One of the companies with a stake in the game is One...
September 11, 2024
Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS eBook, “Beyond the Horizon: How...
September 11, 2024
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true...
October 29, 2024
The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table about its Job Openings and Labor Turnover Summary (JOLTS). The […]
October 24, 2024
The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24)...
October 17, 2024
Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial...
October 15, 2024
Paymentus has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator, announced Tuesday (Oct. 15), has been added to the Guidewire ClaimCenter, and is designed to help insurers...
