How Cloud Technology Can Leapfrog Your Business IQ
Agility. Innovation. Intelligence. When working in tandem, these three concepts can spell success for any business. But without these capabilities, businesses falter in the eddies of unfavorable market conditions. When business leaders get together, the discussion often gravitates to how companies can nurture and empower new ideas and implement them faster because this is what keeps any business competitive. Business Success…and the stumbling blocks called data Across the globe, enterprises are investing heavily in AI, ML, and technologies for improved efficiency, in solutions that communicate with each other seamlessly, and in strategies that empower employees to ideate and innovate. And yet, there’s still a hurdle that most companies continue to stumble over: data. A recent IDC research into enterprises showed that 50% of employees are overwhelmed by the amount of data, while at the same time, 44% say they don’t have enough data to support decision making! What cloud technology can mean to business growth Businesses everywhere are going through a period of transformation. Clunky old legacy systems are being digitally overwritten. Decades-old data silos are shrinking under a barrage of data management solutions. And all of these transformative capabilities are being held up and supported by the cloud. More than a storage system If you’ve been thinking of the cloud as an efficient way to store data, it’s time to upgrade that thinking. The cloud is a platform that can handle data and while also supporting the solutions that process and use that data. By leveraging cloud capabilities, businesses can scale their capabilities up or down with less risk and pursue their business goals while keeping costs low. No downtime Imagine a credit reporting company trying to move 18 years of customer data for 330 m American customers US from GVAP archives. By using cloud technology Tavant was able to dynamically adjust the size of the computing cluster to accommodate the changing workload without interrupting production. Remote access and security The global pandemic has put greater focus on cloud capabilities as companies are forced to maintain data security while enabling employees to work remotely. Consider the competitive advantage experienced by businesses that already had a secure, remote work environment in place before 2020. CAAS (containers as a service) Businesses can also benefit tremendously from container applications which are now being offered by many cloud providers. As consumable services, these CAAS can be deployed by DevOps directly on top of the cloud application layer. Each app is wrapped in a standardized configuration, significantly improving security, scalability, and load times and providing an efficient alternative to virtual machines. In fact, Gartner predicts that by 2023, 70% of global organizations will be running more than two containerized applications in production, up from just 20% in 2019. Smart businesses are getting smarter with cloud technology Regardless of the business size, cloud technology now offers an easy way for businesses to innovate, respond quickly and empower employees from anywhere. For the first time ever, we have a level playing field from which companies of any size can leapfrog their way into the future and create new business opportunities for themselves using cloud technology. The only question is, who will leverage cloud capabilities efficiently to get there first? SOURCE: https://blogs.idc.com/2020/05/15/defining-the-data-native-worker-gen-d/ https://www.entrepreneur.com/article/345826
Tavant Partners with Hay Group as it Expands into Australia
SANTA CLARA, Calif. / SURRY HILLS, Australia, May 27, 2021 Tavant, a Silicon Valley-based provider of AI-powered digital technologies, today announced it has entered into a strategic alliance with Hay Group, an Australian fintech provider, to deliver the full payment and lending spectrum of capabilities to the Australian financial market. Tavant’s end-to-end digital lending suite, VΞLOX, will now be integrated with Hay’s cloud-embedded finance platform, which seamlessly integrates digital banking services into any customer journey. This joint solution will provide extraordinary, AI-powered financial experiences for lending and banking end-users in the Australian financial marketplace. Hay provides an “as a service” embedded finance platform (HaaS), enabling any business to complement their existing product offerings with seamless financial solutions, simultaneously improving customer experience and creating additional revenue sources. HaaS technology and product teams bring together experience in high-frequency trading from the hedge fund to the payments industry. Through their ecosystem, financial and non-financial businesses can control a full suite of services, including core banking, card issuing, processing, recs, AML/CTF, real-time fraud monitoring, digital wallets, and more. The flexibility to integrate and control one or all of these core services comes from utilizing a single, modern universal API layer to access HaaS’s pure microservices. Tavant VΞLOX enhances productivity, efficiency, and accuracy for more than 65% of the top financial institutions across the United States. As the industry’s leading AI-powered digital suite of lending products, VΞLOX maximizes the use of data-driven processes in the automation of the loan origination lifecycle, providing an intuitive omnichannel experience and quick execution from home discovery to loan funding. VΞLOX deploys Artificial Intelligence (AI) and Machine Learning (ML) algorithms to provide an immersive journey for each stakeholder in the lending ecosystem. The digital platform is fully customizable and is designed to transform the home lending process by significantly shortening the loan processing time, boosting productivity, and reducing origination costs. Andrew Laycock, Hay Group CEO, believes this strategic alliance with Tavant will disrupt the Australian financial industry. “We are excited to see one of the largest lending platforms in the world select Hay’s embedded finance platform to enable our customers to offer a full 360-degree lending solution. HaaS allows Tavant to fully integrate into the Australian payment networks, creating a one-stop-shop for building a world-class lending product.” According to Sarvesh Mahesh, CEO at Tavant, Hay’s immense financial market expertise in Australia will match perfectly with Tavant’s AI-driven lending capabilities. “Together, we are merging the best-of-breed capabilities of two fintech giants, one in the lending space and one in the banking space, to deliver a complete, end-to-end solution for end-users who need an intuitive, integrated platform for all their banking and lending needs.” Hay leverages more than several decades of financial and engineering expertise to allow firms to seamlessly integrate digital banking and lending services into any customer journey. Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. Find Tavant on LinkedIn and Twitter. About Hay Group Headquartered in Surry Hills, Sydney, Hay is a fintech company building extraordinary embedded financial experiences. We believe the future of finance does not start and end with digital banking, but the seamless integration of these services into any customer journey. Visit us at https://www.haas.co Find Hay on LinkedIn Headquartered in Surry Hills, Sydney, Hay is a fintech company building extraordinary embedded financial experiences. We believe the future of finance does not start and end with digital banking, but the seamless integration of these services into any customer journey. Visit us at https://www.haas.co Contacts For Hay: Alex Lloyd [email protected] (+61) 428.408.694 For Tavant: Anna Stanley [email protected] 251.517.7857