HighRadius Adds New Leader to Accelerate Fintech Adoption for Clients

Former Wolters Kluwer Executive joins HighRadius to help adopt technology to improve operational execution for Order-to-Cash teams

HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced the addition of Jared Lane as Vice President, Digital Transformation. Jared and his team, in collaboration with partners, will accelerate the adoption of HighRadius products to transform finance processes to deliver quantifiable business results.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005093/en/

HighRadius adds New Leader to Accelerate Fintech Adoption for Clients (Photo: Business Wire)

Jared brings over 20 years of experience in helping the C-suite at Global 2000 companies modernize their back-office tech stack. Prior to joining HighRadius, Jared was Chief of Staff, Worldwide Sales for Wolters Kluwer ELM Solutions. Jared holds a bachelor’s degree in Information and Operations Management from Texas A&M University.

“CFOs are fast-tracking their finance digital transformation initiatives in this uncertain economy,” said Sashi Narahari, President and CEO of HighRadius. “I’m thrilled to have Jared join the team to support our 500+ clients to adopt HighRadius technology to drive operational efficiency and insights.”

“I am excited to join the HighRadius team and help to build on the solid foundation developed over the last decade,” Jared said. “HighRadius is perfectly positioned to help its clients transform their business for better customer experience and thrive in the ever-changing business and market conditions.”

About HighRadius Corporation

HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius® Treasury Management Applications help teams achieve touchless cash management,

A Fintech Frontier Calling for Pioneers


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With the negative impact of the COVID-19 pandemic spreading the globe, the World Bank expects that the global economy will contract by a staggering 5.2% this year, while Ian Bremmer, President of Eurasia Group, speaks of “the first global economic depression of our lifetimes”. Government rescue measures have already exceeded US$4.5 trillion, and growing by the day, leading to not many people feeling optimistic these days.

However, global headlines make it clear that industries are not being affected equally, that some are finding opportunities, despite the many challenges on the horizon. Among those worst-hit are the airline industry, which is forecasted to incur losses of $250 billion, the hospitality and leisure sector, which in the US alone recorded a 47% loss in jobs, and the brick-and-mortar retail sector, whose losses in the US are estimated to reach $430 billion. There are, however, firms who have been able to use social distancing measures to their advantage. Zoom, for instance, has seen its valuation rise from around $16 billion to $58 billion while sales increased by 169% year-on-year in the three months to April 30, 2020.

Enterprise video communications providers like Zoom are not the only ones who are set to emerge stronger from the status quo. Deloitte found, that with billions worldwide confined to their homes, the financial technology, or fintech, industry is benefiting from increased use of online, especially mobile, channels for viewing and managing finances. Indeed, research Mastercard conducted in the UAE shows that contactless payments in Q1 of this year were 100% higher than during the same quarter in 2019. And it is this ongoing, accelerating shift to cashless payments that makes now

Fintech For Families Arrives At Opportune Moment

A flurry of financial products for families, specifically children, has arrived in the past few weeks, and just in time: the pandemic and concomitant difficulties, financial or otherwise have placed crushing burdens on all but the wealthiest and most privileged of caregivers.

Family-friendly fintech in recent years typically consisted of prepaid cards attached to an account controlled by a parent or guardian, paired with some PFM functionality to give visibility into spending. 2020 has taken this concept to the next level with a new wave of products leveraging mobile devices and everyone from the tech companies, to the big banks, to the fintech startups want a piece of the pie.

Apple
AAPL
is one of the biggest names that took advantage of its ecosystem of devices and services to launch Apple Cash Family. The idea is the same as it’s always been—mom or dad sending money to the kids. Apple Cash Family allows children to make purchases at stores, within apps, in Safari, or in the App Store. Users can also send and receive cash in Messages. Few companies control the myriad of pieces needed to win here from the hardware and the authentication, messaging infrastructure, and a mobile payments platform, all of which Apple has.

JPMorgan Chase
JPM
, the nation’s largest bank, teased a new product called Chase First Banking. Based in the Chase mobile app, that allows a parent or caregiver to share funds while also promoting financial education by setting spending limits and helping “build good money habits.”

U.K. based Starling bank also announced Kite, a debit card that operates Space, located in a primary account. Space is almost a second account, but is controlled by the primary account, and the card attached to it is topped off by funds from the primary account.

Lessons From From Fintech Revolutions Of The Past And Winning Post-COVID

Matt Harris, partner at Bain Capital Ventures, and Michael Tae, corporate vice president and head of strategy at Broadridge, look back on two recent crises for lessons on how disruption can lead to rapid change, opportunity and a new status quo, with an eye towards what might be post-Covid.

The suggestion that every crisis also brings an opportunity has been attributed to everyone from Einstein to Churchill to JFK. But perhaps nobody understands this phenomenon better than Mother Nature.

Take the 140-year-old tiny aquatic invertebrate, the bryozoan, which remained exactly the same for 40 million years and then suddenly experienced a vast diversification – perhaps a result of an abrupt change in sea levels or atmospheric temperature – followed by millions more years in stasis. The bryozoan illustrates the scientific principle of punctuated equilibrium, proposed by natural historians Niles Eldredge and Stephen Jay Gould to describe how a long-standing, static biological order can change abruptly, ushering in new species in a sudden period of revolutionary disruption.

What’s happening today in the financial services industry could also be described as a period of punctuated equilibrium.

Companies that dominate in periods of relative stability have frequently emerged victorious from a preceding crisis. They maintain their status by incrementally refining the infrastructure that aided their success, holding back sweeping change. Events such as the 2003 SARS pandemic, the 2008 global financial crisis, and now the cataclysmic COVID-19 pandemic cause rapid changes in customer needs, regulations, and technology adoption seemingly overnight, breaking the status quo and forcing financial services companies – and indeed all companies – to adapt. Suddenly, standing still becomes untenable. The result is a fintech revolution.

Fintech revolution I: The expansion of online commerce and digital payments

That was the case in 2003 when the SARS virus spread in China.

IDEMIA Launches its Global Fintech Accelerator Card Program to Support FinTechs and Neobanks in Their Card Issuance Process

IDEMIA, the global leader in Augmented Identity, helps FinTechs launch card programs rapidly with the IDEMIA Fintech Accelerator Card Program, a dedicated program from onboarding to card issuance.

In the context of a rapid transformation of the banking industry, IDEMIA, the global leader in Augmented Identity, supports FinTechs and neobanks with the launch of the Global Fintech Accelerator Card Program. This new program allows a rapid process from cardholder onboarding – to card issuance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005366/en/

(Photo: Business Wire)

IDEMIA’s leadership in card manufacturing, as the number 1 global FinTech card issuance partner, is based on a solid experience of a global dedicated FinTech team and a network of 30 Service Centers in 26 countries around the world. FinTechs can leverage the capability and know-how of IDEMIA to enable card issuance into the marketplace anywhere in the world.

Over the years, IDEMIA has built the largest world wide network of personalization centers designed to optimize responsiveness and proximity to the cardholder for fast delivery times. All of the 30 Service Centers are supported by a Common Personalization System (CPS) that allows card profile developments to be instantly and securely transferred and re-used in any one of them, helping globally aspiring Fintechs to expand rapidly. In addition to CPS, all IDEMIA sites are inter-connected via the IDEMIA Hub with a connection to almost all local and global card processors and BaaS providers so that services and solutions can be safely replicated, extended, shared and optimized across the world.

The IDEMIA FinTech Accelerator CardProgram benefits from dedicated local, regional and global FinTech teams that are trained to help to create a card product that will ensure FInTechs can fully differentiate their product in the marketplace. Before manufacturing the cards, the needs of various