(This story originally appeared in New Jersey Business Magazine.) By Rob Milrod Traditional banks must actively plan for change as the digital divide grows. The marketplace has evolved, and traditional, legacy-driven banks need to follow suit by upgrading technology through partnerships. One in 10 banks are in the process of developing a banking-as-a-service (BaaS) strategy and… Continue reading A Changing Legacy: How Banks, Fintechs Partner
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A Changing Legacy: How Banks, Fintechs Partner
(This story originally appeared in New Jersey Business Magazine.) By Rob Milrod Traditional banks must actively plan for change as the digital divide grows. The marketplace has evolved, and traditional, legacy-driven banks need to follow suit by upgrading technology through partnerships. One in 10 banks are in the process of developing a banking-as-a-service (BaaS) strategy and… Continue reading A Changing Legacy: How Banks, Fintechs Partner
Traditional Banks Must Embrace Tech Before It’s Too Late
Traditional banks have a big decision to make this year. Be memorable or be forgotten. The ongoing trend where banks are partnering with fintechs in some form has accelerated. Embedded finance, which is essentially interconnected, integrated, automated, online banking services, is projected to generate $230 billion in revenue in 2025, which is a 10x increase… Continue reading Traditional Banks Must Embrace Tech Before It’s Too Late
Working Capital? Manufacturers Need to Work Their Plan
Manufacturers are being squeezed. The cost of raw materials and labor are rising, inflation is climbing. Is your operations team sharing the right data with management to keep pace with the tide? How is your working capital? According to a Crowe Horwath LLP study, 82% of U.S. manufacturing and distribution companies believe optimizing working capital… Continue reading Working Capital? Manufacturers Need to Work Their Plan
Working Capital? Manufacturers Need to Work Their Plan
Manufacturers are being squeezed. The cost of raw materials and labor are rising, inflation is climbing. Is your operations team sharing the right data with management to keep pace with the tide? How is your working capital? According to a Crowe Horwath LLP study, 82% of U.S. manufacturing and distribution companies believe optimizing working capital… Continue reading Working Capital? Manufacturers Need to Work Their Plan
7 Ways Manufacturers Find Better Cash Flow, Margins
(This story originally appeared in New Jersey Business Magazine.) By David P. DeMuth Manufacturers understand the critical importance of cash flows and margins. Yet, the majority of business owners don’t do enough to protect working capital, which is the combination of accounts receivable, accounts payable and inventory. According to a Crowe Horwath LLP study, 82%… Continue reading 7 Ways Manufacturers Find Better Cash Flow, Margins