Digitization

Digitization, less commonly digitalization, is the process of converting information into a digital format, in which the information is organized into bits.

(source: en.wikipedia.org)

UK Electronic Documents Bill Marks Major Gain for Trade Digitization
UK Electronic Documents Bill Marks Major Gain for Trade Digitization
October 13, 2022  |  Commerce

The United Kingdom government on Thursday (Oct. 13) passed the Electronic Trade Documents Bill in parliament, ending the legal requirement for certain business documents, such...

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Stripe Sees Surge in Platforms and Digital Payments Aimed at Truckers’ Productivity Problems
Stripe Sees Surge in Platforms and Digital Payments Aimed at Truckers’ Productivity Problems
October 11, 2022  |  Transportation

Two years into the great digital shift, there’s a clearer picture emerging of how age-old, analog businesses — the mainstays of the economy — are...

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Super Apps Promise Relief for Always On Millennials
Super Apps Promise Relief for Always On Millennials
October 10, 2022  |  Technology

Millennials are the world’s first truly digital-first consumers. Having come of age with computers, smartphones and other connected devices in hand, they are accustomed to...

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Digitization Efforts Bring Unexpected Knock-on Benefits to Finance Operations
Digitization Efforts Bring Unexpected Knock-on Benefits to Finance Operations
October 09, 2022  |  B2B Payments

CFOs and treasurers are pragmatic people who spend a lot of time preparing for worst-case scenarios. Small wonder they’re equipping their companies with the digital...

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At Stanley Black & Decker, Finance Automation Replaces Finance Jobs
At Stanley Black & Decker, Finance Automation Replaces Finance Jobs
October 03, 2022  |  B2B Payments

Declining profits at iconic tool maker Stanley Black & Decker recently led to cost-cutting layoffs, with reports the firm is laying off 1,000 finance employees...

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Study Shows Digital Engagement of US Consumers Linked to Employment Status
Study Shows Digital Engagement of US Consumers Linked to Employment Status
October 03, 2022  |  Connected Economy

A strong labor market is a hallmark of a healthy economy. Consumers who are gainfully employed have more freedom to spend and spree, driving commerce...

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The Year in Review for Real-Time Payments — And a Future Preview
The Year in Review for Real-Time Payments — And a Future Preview
September 29, 2022  |  Faster Payments

The RTP® network has been a game-changer for the financial industry since its introduction in 2017. The ability to process payments in mere seconds allows for more financial...

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PNC Bank and Blend Team on Digital Mortgage User Experience
PNC Bank and Blend Team on Digital Mortgage User Experience
September 27, 2022  |  Digital Onboarding

PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now...

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US Real-Time Payments Transactions Seen Quadrupling to 8.9B in 2026
US Real-Time Payments Transactions Seen Quadrupling to 8.9B in 2026
September 27, 2022  |  Faster Payments

Digital payments have become table stakes around the world, with more than $6.6 trillion in digital transactions taking place last year and this sum expected...

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