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Data Readiness: at the Root of the User Experience

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Integrated experiences are the confluence of information, integration, and interactions that connect your end users — customers, partners, employees — to everything they need or want from you.

At Boomi, we like to talk about Integrated Experiences as wish fulfillment.

For example, wouldn’t it be great if when you hire a new employee, they could fill out the eight or nine different forms they need to get started in one, easy-to-use portal? Where information like their address, phone number, and Social Security number is populated and securely protected? Where it’s shared immediately into Human Resources, Benefits, and Financial with no manual overlay necessary to get them on the job on Day One?

That’s wish fulfillment. And that journey to integrated experiences begins with your data.

Data is arguably your most important asset. But only if you can ensure it is accurate and accessible.

One great example of the concept of data readiness is the Australian Red Cross, which partnered with Boomi as part of its digital and modernization strategy to transform the way people engage with the charity.

A key objective was to create a single view of the organization’s more than 270,000 donors, 17,000 volunteers, 12,000 members, and 2,175 employees.

Boomi’s integration platform connects the data from the Red Cross’ core on-premises and cloud-based systems in real time, homogenizing data from diverse internal operations as well as the third parties in its ecosystem, such as fundraising partners that also tie in to the organization’s customer relationship management and financial systems.

Today, the Australian Red Cross is able to offer a personalized customer experience to its constituencies while automating administrative tasks that had taken up time and resources. That energy and funds can now be redirected toward humanitarian services. And the group’s new digital experience platform, called MyRedCross, gives its regular givers instant access to their donation history, tax receipts, and annual tax statements to streamline the giving experience.

CEO of Red Cross Australia Veronica Frost appreciates the 360-degree view of the organization’s donors, volunteers, members, and clients: “If we don’t have integrated systems and data, we can’t provide a good customer experience.”

To have a comprehensive view of trusted, complete, and current business intelligence while ensuring security and compliance, you must be able to find, connect, transform, and aggregate quality-assured data from all your global, edge-to-core data sources.

When you do that, you build a treasure trove of data that enables you to put your users first.

For more information about the role of data readiness in Integrated Experiences, go to:  https://boomi.com/integrated-experiences/

Source Here: cio.com

Finance

China’s Economy Grows Despite Int’l Challenges: Turkish Expert

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© Provided by Xinhua

China would continue to contribute to the global economy, especially with the Belt and Road Initiative, and the Regional Comprehensive Economic Partnership (RCEP) agreement, said Turkish economist Sinan Alcin.

ISTA

Original Article: bignewsnetwork.com

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UK PM Boris Johnson Arrives in India for Two-day Visit

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Ahmedabad (Gujarat) [India], April 21 (ANI): UK Prime Minister Boris Johnson on Thursday landed in Gujarat’s Ahmedabad for a two-day visit to India with focus on stepping up cooperation in the Indo-Pacific, giving momentum to negotiations on Free Trade Agreement (FTA) between the two countries as well as enhancing defence ties.
Johnson started his visit from Ahmedabad where he is scheduled to meet with leading business gr

Original Article: bignewsnetwork.com

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Senate Panel Advances Sandra Thompson’s Nomination As FHFA Director

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The Senate Committee on Banking, Housing and Urban Affairs confirmed the nomination of Sandra Thompson to serve as the next director of the Federal Housing Finance Agency, sending her nomination to the full Senate.

The vote passed 13 to 11, with all 12 of the committee’s Democrats and one Republican voting in favor of advancing Thompson’s nomination.

During the session, the committee also approved the re-nomination of Federal Reserve Chair Jerome Powell, the nomination of Federal Reserve Gov. Lael Brainard to be Vice Chair, and Philip Jefferson was confirmed as a member of the Federal Reserve.

Lisa Cook’s nomination to be a member of the Federal Reserve concluded in a tie. Cook, if confirmed by the full Senate, would be the first Black woman to serve on the Federal Reserve board.

Thompson in a statement said that she appreciates the support from Committee members and looks “forward to continuing to work with Congress as [she] fulfills [her] current role as Acting Director while the nomination process proceeds.”

In February 2022, the confirmation process of Thompson and a handful of Fed nominees stalled after Senate Republicans boycotted the vote.

At the time, Pennsylvania Sen. Patrick Toomey, the ranking Republican on the committee, critiqued the nomination of Sarah Bloom Raskin, who was nominated to be vice chair for supervision of the Federal Reserve.

Toomey questioned Raskin’s ties to Reserve Trust Company, a Colorado-based fintech startup that gained access to the Fed’s payment system in 2018. After Democratic West Virginia Sen. Joe Manchin said he would not vote for Raskin due to her views on climate change, Raskin withdrew her nomination.

The committee’s confirmation of Thompson, who has been leading the FHFA since June 2021, will be welcome news to many industry stakeholders and affordable housing advocates who have been calling on her confirmation.

Bob Broeksmit, president of the Mortgage Bankers Association, called Thompson “a breath of fresh air” during the ICE Experience Conference in Las Vegas this week.

“Her administration is really focusing on the ways in which Fannie Mae and Freddie can achieve its mission to make homeownership available and affordable to low- to- moderate income borrowers and to black and Hispanic borrowers who own homes at shamefully lower rates in this country, than people who look like me,” he said. “And I think that Fannie and Freddie, under Sandra Thompson’s direction, will come up with some really innovative ideas.”

Early on in her tenure leading the FHFA, Thompson said that she would prioritize sustainable lending practices and expand credit to underserved communities.

“As a longtime regulator, I am committed to making sure our nation’s housing finance systems and our regulated entities operate in a safe and sound manner,” Thompson said in June 2021, when she was appointed acting director. “We can accomplish this, and at the same time have a laser focus on mission and community investment. There is a widespread lack of affordable housing and access to credit, especially in communities of color.”

Since then, Thompson has made substantial headway. Within three months of her tenure, she set new affordability benchmarks to expand access to credit in underserved communities, made on-time rental payment history part of Fannie Mae’s underwriting process and signed a historic interagency fair lending agreement.

The post Senate panel advances Sandra Thompson’s nomination as FHFA director appeared first on HousingWire.

Source: housingwire.com

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