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Until 2017, the U.S. payments market had no real-time payment rails while other nations across the globe had already launched various instant payment schemes. In 2019, the prospect of a second instant payment rail, FedNow, was announced by the U.S. Federal Reserve. FedNow, if implemented, will join The Clearing House’s (TCH’s) Real Time Payments (RTP) in the market. The increase in adoption of real-time or faster payments worldwide will force banks to reevaluate their payments infrastructures as well as their fraud strategy.

Government leaders recognize that modernizing the workforce and implementing strategies that empower workers are critical components in transforming the government. Strategic workforce management includes strengthening leadership of human capital systems, developing better human resources processes and capabilities, and enhancing the workforce culture.

On May 3rd, 2019, Tendril announced the agreement to acquire EnergySavvy in a strategic move to gain more market share in the competitive utility home energy management space.  Tendril’s core offerings have been focused on residential customer engagement products and services, which provide personalized energy efficiency and demand side management products and programs. The acquisition of EnergySavvy brings advanced personalization capabilities to the Tendril Platform.

IDC Financial Insights’ latest insurance research uses the IDC MarketScape model to present a 2018-2019 assessment of 13 vendor companies servicing the insurance organizations across the globe in their digital transformation (DX) initiatives. This research is a quantitative and qualitative assessment of a vendor’s ability to enable insurance organizations to succeed in their DX initiatives and help anticipate its ascendancy.