I’ve heard a lot of operations folk talk shop over the years. My GE friends in B-School were the ultimate Six Sigma champions. I learned about kaizen and the art of lean while working in Japan. Then we have the tech champions of BPM technologies. These methods are often backed with an almost religious fervor. […]
Financial Services
Preparing a Bank for the Monumental Changes Ahead
The banking industry is in the state of flux. We have distruptive technologies in terms of mobile banking and payments that are creating siesmic shifts in the way business is done. We need to harness big data that is growing at exponential rates. It’s hard to keep up. As any CIO knows, any organizational change, […]
The Bold New World of Mobile Payments
Imagine a stressed out holiday shopper rushing to make last minute purchases in a busy suburban shopping mall. As the shopper reaches the final checkout of the day to buy the newest gaming console for her son, the total displayed on the register is over her budget. Determined to buy the item, the shopper lifts […]
Top 10 Trends Shaping Big Data in Financial Services
One of our Business Intelligence colleagues wrote a great post recently on the top ten trends that are shaping the financial services industry’s use of big data. 1. Larger market data sets containing historical data over longer time periods and increased granularity are required to feed predictive models, forecasts and trading impacts throughout the day. […]
Managing Process is Key to Dodd–Frank Wall Street Reform
This week I was discussing regulatory compliance issues with our Business Process Management (BPM) guru, Kevin Feldhus. We’ve led some really large and complex regulatory initiatives with banks, but never have we witnessed anything so encompassing as Dodd Frank. The scope of most bank regulatory projects typically focuses strictly on compliance. Any thoughts relating to […]
Banks Use Customer Big Data to Compete
In this competitive banking landscape, organizations face increased pressure to forecast business conditions that allow employees to react and drive value from data. As common sense would dictate, companies should evaluate performance based on increases to firm value. To generate these cash flows, many companies focus on the development of new products and services. However, […]
White Paper: The Intelligent ACO: A Primer
The term “Accountable Care Organization”, or ACO, is used to describe a primary physician centric healthcare delivery system with a shared savings compensation model. ACOs are primary physician-centric groups of doctors, specialists, hospitals, and other health care providers, who voluntarily come together with a proper legal structure which aims to provide coordinated high-quality care to […]
It’s Time: 3 Changes Needed in the Financial Services Industry
When I sat down to write the first blog for the financial services practice, I wasn’t quite sure where to start. Do I want to focus on some of the top technology trends like Mobile Banking or Real-Time Data availability? Maybe I should focus on some of the legal and regulatory concerns the industry is facing with the […]
Welcome to the Perficient Financial Services Blog!
Welcome to our financial services blog. We look forward to sharing information on the latest trends in financial services technology and strategy with you. I hope you find that we have pulled together a diverse team of writers with many years of experience in the banking, insurance, and capital markets industries. This experience has been […]
Business Intelligence from ICD-10: Are we ready?
The Federal Register outlines the following pros from comments received on the adoption of X12 Version 5010 for HIPAA Transactions: 1) reduction in analysis time and minimization of companion guides; 2) improved efficiency through improved eligibility responses and better search options, reducing phone calls to providers and health plans; 3) improved electronic posting, automation of […]
Population Health Management: Using Technology to Cure
Escalating costs and suboptimal quality of care are indicators that the healthcare system is broken. Preventative care is being pushed aside and traded for costly ER visits and inpatient hospital stays. The problem does not end here, however; once patients receive the necessary inpatient care, many are discharged to only end up back in the […]
Putting the Meaning in Meaningful Use
Many of you are counting on your EMR vendors to qualify your organization for Meaningful Use. This is a risky strategy. Dr. Rowley has done some analysis and shown that with two exceptions, all attestations count for less than 10% market share from the EMR vendors. This means you are most likely waiting for the […]