The importance of open architecture in credit union technology

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr One of the topics of recent conversation in credit union technology has revolved around the impact Millennials are having on the financial industry. Within the next few years, this tech-savvy group will represent close to 75% of the workforce and is becoming an influential part of the financial world. Keeping pace with the ever-changing face of credit union technology is vital to attracting Millennial members. The credit union industry has had to evolve to be able to offer the tools and technology members demand and what once was thought of as taboo in the industry, credit union APIs are now crucial to satisfying current technology needs and staying relevant. A core data processing system with a robust API allows for credit union open architecture so that you can offer the best-of-breed products that might otherwise be unavailable.Staying RelevantBeing able to offer up-to-date technology and engage with the latest applications is important to staying at the forefront of your competition. For example, industry trends are showing that more and more people, many of them Millennials, are using non-traditional alternative banking tools. Alternative payment options such as Venmo, PayPal, and Applepay are just some of these third-party applications to offer this. FICO recently reported that an estimated 52% of Millennials and 27% of Baby Boomers are using these forms of payment. Having the ability to engage third parties via an API, and being able to offer additional options to your members is a great reason to seek a core processor with open architecture. continue reading »last_img read more

Study Obese patients have high risk of infection and death after colon

first_img Source:https://journals.lww.com/ Jul 31 2018Do obese patients have a higher risk of infection and dying after colon surgery? In a study published in the August issue of Diseases of the Colon & Rectum, investigators from the University of Alabama at Birmingham sought to answer this question.While it has been long recognized that heavy patients are at higher risk of complications after surgery, Dr. Wahl and his colleagues wanted to find out whether there was a difference whether a patient was merely pudgy or downright obese. The authors used a large database, the 2011 to 2013 American College of Surgeons National Surgical Quality Improvement database and evaluated over the 74,000 patients undergoing colorectal surgery. Among these, approximately 4% were underweight (defined as having a body mass index [BMI] < 18.5), 29 % were normal weight (BMI 18.5-24.9) ,33% were overweight (BMI 25-29.9), 20% were obesity class I (30-34.9), 8% obesity class II (BMI 35-39.9) and 6% to obesity class III (> 40 BMI). Compared to normal weight patients, the chance of getting a wound infection after surgery increased with each increasing class of obesity. In other words, patients in obesity class I were one and a half times more likely to get a wound infection, while those in obesity class III were twice as likely to get a wound infection compared to normal weight patients. In addition, very obese patients (obesity class III) were more likely to have severe infections, pneumonias, urinary tract infections, and to rupture their abdominal incisions compared to normal weight patients. The risk of death after surgery was also highest in this group. With the significant increase in overweight patients in our country, the findings of this study have significant financial implications for our healthcare system. For potential patients who may be undergoing surgery, this is one more way you can make surgery safer…by keeping off those extra pounds!last_img read more