Latest news with #DataIQ
Yahoo
12-05-2025
- Business
- Yahoo
Apiture and Cornerstone Advisors Join Forces to Help Financial Institutions Evaluate Their Strategic Use of Data
WILMINGTON, N.C., May 12, 2025--(BUSINESS WIRE)--Apiture, a leading provider of digital banking solutions, today unveiled new research in partnership with Cornerstone Advisors about financial institutions' ability to manage data effectively. Improving Your Financial Institution's Data IQ establishes a new framework — Data IQ — to help banks and credit unions assess and improve their use of data against industry standards. The report is based on a March 2025 online survey of nearly 130 senior executives from U.S. financial institutions. While the importance of data has been emphasized for decades, the stakes are now higher than ever as AI continues to transform core banking operations, customer service, and risk management frameworks. This report explores the challenges financial institutions face in data management, including technological limitations, governance issues, security concerns, and the rising demand for real-time analytics. "While AI promises significant efficiency gains and competitive advantages, many financial institutions find it challenging to bridge the gap between their existing data infrastructure and the complex demands of modern AI systems," said Ron Shevlin, Chief Research Officer at Cornerstone Advisors. "To overcome these hurdles, institutions need to prioritize the right tools, thoughtful design, disciplined processes, and clear business outcomes. Those institutions with a high Data IQ score understand this and, in turn, are already reaping the benefits." Data IQ reflects institutions' effectiveness in their use of data, evaluating 50 attributes in five key categories: customer data, market data, transaction data, operational data, and data governance. The research findings reveal that most institutions are operating at half of their Data IQ potential, with few bankers considering their institutions very effective at data governance, strategy, or quality. What's more, even fewer respondents view their organizations as effectively using data to enhance operational efficiency or the customer experience, with more than a third rating their bank or credit union as not effective at all in these areas. The report highlights several best practices for building a high Data IQ, including: Designing from desired outcomes. Institutions should first determine the key needs for improving performance and customer delivery, designing solutions and processes to achieve them. Making data integrity and data strategy a company habit. Every employee should be held accountable for data integrity and should be responsible for maintaining accurate, consistent data across channels. Using external expertise for efficiency. The right partner can be vital in helping to make the journey to achieving a high Data IQ. "Data is one of the most powerful assets an institution has, yet most banks and credit unions are only scratching the surface of its potential," said Apiture CEO Chris Babcock. "This research confirms that although institutions recognize the importance of their data, they often lack the structure, governance, and guidance needed to use it effectively. The new Data IQ framework helps banks and credit unions better understand the reasons institutions struggle with data management and offers insights to help them maximize their investment in data initiatives." Shevlin will share additional insights from the report at Apiture Accelerate, the company's client conference, May 13-15 in New Orleans. Additionally, he will join Apiture Chief Product Officer Daniel Haisley for a webinar on June 4 where the two will discuss effective data strategy, its role in creating tailored experiences, and tips for how financial institutions can improve their data maturity. Please visit the event's landing page to register today. To learn more about the Data IQ framework and current industry benchmarks, download the full report. About Apiture Apiture delivers award-winning digital banking solutions to banks and credit unions throughout the U.S. Our flexible, highly configurable solutions meet a wide range of financial institutions' needs, from leveling the playing field with larger institutions to supporting growth through innovative data intelligence and embedded banking strategies. With our API-first approach, our clients can maximize the capabilities of their platform while preserving a seamless user experience. Our exclusive focus on digital banking, and a team with hundreds of years of collective experience working at U.S. financial institutions, means we are dedicated to meeting the unique needs of our clients while providing a level of support that is unmatched in the industry. Apiture is headquartered in Wilmington, North Carolina, with offices in Austin, Texas. To learn more, visit View source version on Contacts MEDIA CONTACTS:Derek HowardFor Apiture678-781-7215derek@ Maddie MitchamFor Apiture678-781-7207maddie@
Business Wire
12-05-2025
- Business
- Business Wire
Apiture and Cornerstone Advisors Join Forces to
WILMINGTON, N.C.--(BUSINESS WIRE)-- Apiture, a leading provider of digital banking solutions, today unveiled new research in partnership with Cornerstone Advisors about financial institutions' ability to manage data effectively. Improving Your Financial Institution's Data IQ establishes a new framework — Data IQ — to help banks and credit unions assess and improve their use of data against industry standards. The report is based on a March 2025 online survey of nearly 130 senior executives from U.S. financial institutions. While the importance of data has been emphasized for decades, the stakes are now higher than ever as AI continues to transform core banking operations, customer service, and risk management frameworks. This report explores the challenges financial institutions face in data management, including technological limitations, governance issues, security concerns, and the rising demand for real-time analytics. 'While AI promises significant efficiency gains and competitive advantages, many financial institutions find it challenging to bridge the gap between their existing data infrastructure and the complex demands of modern AI systems,' said Ron Shevlin, Chief Research Officer at Cornerstone Advisors. 'To overcome these hurdles, institutions need to prioritize the right tools, thoughtful design, disciplined processes, and clear business outcomes. Those institutions with a high Data IQ score understand this and, in turn, are already reaping the benefits.' Data IQ reflects institutions' effectiveness in their use of data, evaluating 50 attributes in five key categories: customer data, market data, transaction data, operational data, and data governance. The research findings reveal that most institutions are operating at half of their Data IQ potential, with few bankers considering their institutions very effective at data governance, strategy, or quality. What's more, even fewer respondents view their organizations as effectively using data to enhance operational efficiency or the customer experience, with more than a third rating their bank or credit union as not effective at all in these areas. The report highlights several best practices for building a high Data IQ, including: Designing from desired outcomes. Institutions should first determine the key needs for improving performance and customer delivery, designing solutions and processes to achieve them. Making data integrity and data strategy a company habit. Every employee should be held accountable for data integrity and should be responsible for maintaining accurate, consistent data across channels. Using external expertise for efficiency. The right partner can be vital in helping to make the journey to achieving a high Data IQ. 'Data is one of the most powerful assets an institution has, yet most banks and credit unions are only scratching the surface of its potential,' said Apiture CEO Chris Babcock. 'This research confirms that although institutions recognize the importance of their data, they often lack the structure, governance, and guidance needed to use it effectively. The new Data IQ framework helps banks and credit unions better understand the reasons institutions struggle with data management and offers insights to help them maximize their investment in data initiatives.' Shevlin will share additional insights from the report at Apiture Accelerate, the company's client conference, May 13-15 in New Orleans. Additionally, he will join Apiture Chief Product Officer Daniel Haisley for a webinar on June 4 where the two will discuss effective data strategy, its role in creating tailored experiences, and tips for how financial institutions can improve their data maturity. Please visit the event's landing page to register today. To learn more about the Data IQ framework and current industry benchmarks, download the full report. About Apiture Apiture delivers award-winning digital banking solutions to banks and credit unions throughout the U.S. Our flexible, highly configurable solutions meet a wide range of financial institutions' needs, from leveling the playing field with larger institutions to supporting growth through innovative data intelligence and embedded banking strategies. With our API-first approach, our clients can maximize the capabilities of their platform while preserving a seamless user experience. Our exclusive focus on digital banking, and a team with hundreds of years of collective experience working at U.S. financial institutions, means we are dedicated to meeting the unique needs of our clients while providing a level of support that is unmatched in the industry. Apiture is headquartered in Wilmington, North Carolina, with offices in Austin, Texas. To learn more, visit
Business Wire
30-04-2025
- Business
- Business Wire
Creative Solutions in Healthcare Promotes Chelsea Jordan to Vice President of Data Integration and Payroll, Advancing Industry Leadership in Technology and Analytics
FORT WORTH--(BUSINESS WIRE)--Creative Solutions in Healthcare, the nation's largest privately held skilled nursing provider, has promoted Chelsea Jordan to Vice President of Data Integration and Payroll, reinforcing the company's growing reputation as an industry leader in operational innovation and technology-driven care. "Creative Solutions in Healthcare has never been content to follow industry standards- we're here to raise them." Gary Blake, CEO Creative Solutions in Healthcare The move comes as long-term care providers across the country face increasing pressure to improve outcomes, reduce administrative burdens, and retain skilled staff. Creative Solutions is positioning itself at the forefront by investing in data systems that empower its 160 facilities and growing to act faster, work smarter, and deliver better care. 'Creative Solutions in Healthcare has never been content to follow industry standards—we're here to raise them. Chelsea's new role is part of our ongoing investment in doing things differently, and doing them better, for the future of long-term care,' said Gary Blake, President and CEO of Creative Solutions in Healthcare. Jordan, who has more than 15 years of industry experience, brings a track record of success in integrating complex systems and building streamlined processes that scale. Her new role will focus on aligning payroll operations with company-wide data strategy, using automation, analytics, and cross-functional collaboration to improve accuracy, efficiency, and transparency. Creative Solutions is often identified as an early adopter of technology tools, including predictive analytics for staffing, integrated scheduling software, COVR, and real-time financial dashboards for facility leadership through DataIQ. This announcement comes on the heels of the joint release between Creative Solutions in Healthcare and CoreCare sharing the news of their Launch Pre-Admit, the First AI-Powered Solution to Evaluate SNF Referrals in Under a Minute. These initiatives have earned the company a reputation for forward-thinking solutions in the industry. 'We've always believed that smart use of data is one of the best tools we have to improve lives, both for the people we care for and for the teams who provide the care. We're confident that Chelsea, along with our technology and vendor partners, will help us continue to lead this charge,' continued Blake. The dual focus on resident outcomes and employee efficiency is an indicator of the company's strategic approach. While Jordan's responsibilities include traditional payroll oversight, her role also supports efforts to reduce friction for frontline staff. From streamlining pay practices, to developing tools that allow care teams to spend less time on paperwork and more time with residents. Jordan's promotion reflects a broader trend in the post-acute care space: as reimbursement models evolve and quality metrics become increasingly transparent, organizations are under pressure to make data central to decision-making. With this move, Creative Solutions continues to define what modern leadership looks like in senior care. As the long-term care industry braces for continued regulatory and demographic shifts, companies like Creative Solutions in Healthcare are setting the pace—not just by delivering quality care, but by building the infrastructure needed to sustain it. About Creative Solutions in Healthcare Founded in 2000 by Gary and Malisa Blake, Creative Solutions in Healthcare is a family-owned company headquartered in Fort Worth, TX. The company began with the first acquisition of Granbury Care Center and has now grown to operate 160 long term care communities throughout the state of Texas. Each location still runs on the founding principle, 'a life lived for others is a life worthwhile'. Its mission is to provide the highest quality of care to aging adults, by investing in cutting-edge technology and embodying core values of Compassionate Clinical Care, Nutritious Meals, Enriching Lives, Valued Employees, and Unparalleled Cleanliness. Learn more by visiting
