Compliance is a core tenet of financial services organizations’ day-to-day operations. And the stakes are high, as regulatory fines are steep and climbing. Know Your Customer (KYC) compliance is just a piece of the overall compliance puzzle—but it’s an important piece. In 2022, global fines for failing to prevent money laundering and other financial crime surged more than 50% according to the Financial Times.
Organizations looking to improve their bottom lines have embraced automation for decades. Simple automation has long been bringing benefits to businesses and public sector organizations alike, despite being limited to supporting small tasks and workflows.
Developing a procurement strategy and planning procurement activities requires many steps, such as aligning procurement goals with overall organizational objectives, conducting market research, identifying sourcing opportunities, and developing procurement plans. Procurement challenges may multiply depending on your industry. For example, if you’re in a federal agency, procurement and the entire acquisition planning process must adhere to strict regulatory demands.
How do you know when a process needs help? Is it slow, bloated, or, worst of all, truly broken? It’s a crucial question for all leaders and teams pursuing speed and growth, to meet digital transformation goals like faster customer onboarding or faster time to market. Often, even seemingly simple business processes are more complex than we realize. Teams and individuals may develop clever workarounds to get past large and small process problems.
CRUD (Create, Read, Update, and Delete) is a set of operations allowing users to interact with a database simply and consistently. Creating a CRUD API allows other systems and developers to interact easily with a data store or set. By providing a simple and consistent set of operations, CRUD APIs make it easy to build, scale, and secure applications. Some benefits of a CRUD API include When developing a CRUD API, there are many options to choose from.
MySQL is a great option if you are looking for a free and easy-to-use database. With Linx you can easily connect and interact with the data to; Interacting with a MySQL database with Linx is done via ODBC. Once the ODBC data source is set up, you can interact with the MySQL database using the built-in Database Plugin in Linx. This will allow you to run any query you can on MySQL.
Low-code platforms are an efficient and effective solution for accessing and managing data in a Microsoft SQL Server (MSSQL) database. Linx provides an easy way to connect to a database and interact with it in multiple ways, all while removing the need for complex coding. Linx natively allows interaction with an MSSQL database via the Database plugin. Using this plugin, you can: This functionality can be used by dragging the required function from the plugins tab onto the function you are building.
There’s a lot of hype about hyperautomation. But it’s clear that as new automation technologies emerge, organizations that take a strategic, holistic approach to embedding them into business processes will come out ahead. So, what exactly is hyperautomation? It’s an approach to process automation that uses a combination of technologies to optimize complex business processes and augment human capabilities.
Insurers have been slammed by inflation, with loss costs surging by $30 billion in 2021 alone. Almost every line of insurance has been hit with rising claims expenses, while replacement costs have risen by 16.3%—nearly twice the consumer price index rise. To combat inflation, insurers need to find better ways to increase efficiency and reduce claims leakage. In addition to economic pressures, insurers are also facing rising customer expectations for a faster and more transparent claims process.
The software development landscape today is full of various technologies and message formats that make up applications and systems. These can range from older legacy systems to newer, more modern applications. Because of this, the environment can be complex and challenging for integration developers. Enterprise integrations offer a solution by providing unified connectivity between these different components.
