The Inflation Reduction Act – A Welcome Change for the Average American?

Aiming to reduce the deficits and lower inflation, President Biden signed the Inflation Reduction Act on 16 August 2022. The bill proposes reduced healthcare and drug expenses and investment in domestic energy production to battle climate change. Essentially a scaled-down rendition of the Build Back Better Act proposed in 2021, President Joe Biden calls it …

Core Costs to Keep the Inflation Red Hot?

Following a 0.7% price hike in June, core prices saw a leap of 0.3% in July, according to the Labour Department’s CPI. Consumer prices have climbed 8.5% from last year, down from a four-decade-long record of 9.1%, keeping the annual increase at 5.9% after three straight monthly declines. The ever-concerning rise in the price of …

A Dissipating Red Wave on the Horizon

With Election Day approaching in less than 100 days, the Red Wave fails to make the previously predicted impact in Congress. In midst of the falling ratings for Biden, Republicans have spent over a year waiting to pick up more seats and making plans for 2023 and beyond. Having more than a few tricks up …

Digital Identity Management, Simplified!

Digital Identity is fundamental for digital interactions, the very basis of originating legitimate transaction by and between entities and maintaining the uniqueness to identify ( Read, Authenticate) and Authorize the usage or access, to put it in a nut shell. There are multiple tools and techniques deployed for digital identity management mechanisms at almost each …

The Advantages of Identity and Access Management in the Era of Digital Transformation

Digital transformation refers to different thinking, innovation and change of the current business models. This is possible by building up a digital strategy which is able to improve the experience of your organization’s employees, customers, suppliers, and partners. For the establishment of the new business and digital strategies, organizations need a strong IT infrastructure that …

Identity Vs Access – Demystifying Identity and Access Controls

Demystifying Identity and Access Controls Differences: Identity and access differ in that one is about who you are and the others about what you’re allowed to see or do. If you can prove your identity, that’s called being authenticated. If you can prove you have a right to access something, that’s called being authorized. When …

What is Artificial Intelligence in FinTech

As artificial intelligence (AI) starts to enter the financial technology (fintech) sector, there is a lot of buzz and excitement around what it could mean for the future. Artificial intelligence is the next frontier in fintech, and it is changing the way we do banking. Imagine a financial world where you can open an account …

Is fintech-banks convergence inevitable?

Fintech: Born to Challenge The very beginning of the fintech movement can be traced to 2008 financial crisis and later attempts for the reinvention of financial services by leveraging digital technologies. Since its inception fintech was challenging the status quo of the financial industry. It used to promise (and still does so) to change the …

The Fintech ecosystem is exploding. Alloy is at the heart of that.

Building a successful financial services offering requires a delicate balancing act. Fintech startups need to manage risk and compliance while also delivering innovative solutions. Doing both things well is far from easy, which is why Alloy provides such a vital piece of the Fintech infrastructure stack. As financial services become increasingly digital, companies often struggle …

CXN Live: Customer Data, Insights & Analytics 2022

CIOCoverage is an official Media Partner with CXN Live: Customer Data, Insights & Analytics 2022 starting on 13th September 2022. Given the seismic changes in customer behavior driven by the pandemic, historical data in effect became redundant overnight as businesses instead had to make sense of what was happening in real time. Those businesses with …