The data lake can be considered the consolidation point for all of the data which is of value for use across different aspects of the enterprise. There is a significant range of the different types of potential data repositories that are likely to be part of a typical data lake.
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Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report from NACHA, the electronic payments association. The total transaction value was $43.7 trillion in 2016, a 5.1 percent increase over the year prior. Nearly all ACH transactions (94.3 percent) were originated by the top 50 originating depository institutions, while 58.2 percent of all transactions were received by the top 50 receiving depository institutions.
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Today’s customers can be disappointed after just one click, making the customer experience more complex — and more important — than ever. Changes that come from digital customer experience impact not only customers, but also companies’ strategies, processes, operations, and employees.
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Software Corporation International (SCI) attended IBM’s 2017 Payments Forum May 23-24 in London, United Kingdom. This is the 4th year that SCI has participated in the conference, which attracts financial institutions and IBM Business Partners from North America and Europe. This forum included sessions and presentations on the Payments industry, thought leadership, and modernization strategies, and it provided opportunities for attendees to listen to the experiences of their peers and exchange ideas.
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