Together, Alacriti and Access Softek are poised to accelerate the adoption of modern payment solutions

BRIDGEWATER, N.J., Nov. 11, 2024 /PRNewswire-PRWeb/ — Alacriti, a leader in payments solutions for financial institutions, announced its partnership with Access Softek today, a leading omnichannel digital banking solutions provider. The partnership will allow Access Softek to deliver cutting-edge payment solutions, including instant payments capabilities to financial institutions via the RTP® network and FedNow® Service fully integrated with its digital banking platform. This partnership seeks to modernize payment operations for financial institutions, addressing the growing demand for real-time money movement and unified payment systems.

As financial institutions face increasing pressure to adopt real-time capabilities, this collaboration enables them to process transactions in seconds, improve liquidity management, and enhance the overall customer experience. Together, Alacriti and Access Softek are poised to accelerate the adoption of modern payment solutions, helping financial institutions stay competitive and future-ready.

Integrating Alacriti’s Orbipay Payments Hub with the Access Digital Banking Platform enables financial institutions to benefit from frictionless real-time payment solutions integrated with their existing payment ecosystem.

Key benefits of the joint solution:

Enhanced User Experience: With real-time payment capabilities, institutions can meet consumer expectations for fast, reliable, and convenient services, giving users greater flexibility in how they manage their money.Cost-Efficiency: Financial institutions can provide members with lower-cost money movement options compared to traditional wire transfers, enhancing overall member satisfaction while saving on transaction fees.Enhanced Security and Reliability: The instant payment system operates on a good funds model, ensuring that accounts are validated for existence, standing, and sufficient funds in real time before transfers are made. This results in an exceptionally low rate of returns, with returns being optional, allowing financial institutions to add this transfer rail without imposing significant strain on back-office operations while enhancing transaction security.Scalability and Incremental Modernization: This platform empowers financial institutions to stay ahead of evolving market demands, offering flexible solutions that can grow with their evolving needs.Attracting New Customers: The integration of instant payment options enhances the appeal of financial institutions, enabling them to offer innovative and modern banking solutions that attract tech-savvy customers and small businesses seeking efficient and seamless payment experiences.

“We are excited to join forces with Access Softek, extending our reach and providing institutions with the tools they need to offer seamless real-time payments in various uses,” said Eric Kugle, Senior Director of Strategic Partnerships at Alacriti. “Orbipay Payments Hub enhances the Access Digital platform by adding instant payment capabilities that empower financial institutions to improve customer experience and drive growth.”

“At Access Softek, we are committed to delivering industry-leading digital banking solutions that exceed customer expectations. Partnering with Alacriti to offer Orbipay Payments Hub for Instant Payments aligns with our mission to provide cutting-edge, omnichannel solutions that enable real-time, seamless money movement,” said Anna Khalzova, VP of Strategic Relationships. “This partnership strengthens our ability to equip financial institutions with the technology needed to meet their strategic goals and future-proof their payments.”

Join us to learn about the joint solution in this webinar.

About Alacriti

Alacriti stands at the forefront of payments innovation, delivering comprehensive payment and money movement solutions to financial institutions. Our commitment is to empower our clients and their users with seamless, easy-to-use, and secure real-time payment experiences across all preferred channels, rails, types, and devices. Alacriti’s innovative solutions provide cutting-edge payment technologies that integrate effortlessly with existing infrastructures. Discover more about how we are transforming payments at Alacriti.com.

About Access Softek

Access Softek is a leading provider of omnichannel digital banking solutions, empowering financial institutions to deliver exceptional customer experiences. Access Digital, created by Access Softek, is a comprehensive platform designed to meet the evolving needs of modern banking. Access Softek is committed to innovation and industry-first solutions, partnering with clients to achieve their strategic goals.

Media Contact

Kristen Jason, Alacriti, 1 908-791-2916, kristen.jason@alacriti.com, https://www.alacriti.com/

Charlotte Keppler, Access Softek, ckeppler@accesssoftek.com, https://accesssoftek.com/

Twitter, LinkedIn

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SOURCE Alacriti

NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The online on-demand home services market in southeast asia size is estimated to grow by USD 2.27 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 86.02% during the forecast period. Busy lifestyles propelling demand for home services and solutions is driving market growth, with a trend towards digital marketing and consumer engagement on social media platforms. However, high competition among market vendors poses a challenge. Key market players include Amazon.com Inc., APLUS CLEAN SOLUTIONS, Borigarn Co. Ltd., Business Pixel Sdn Bhd, Carousell Pte. Ltd., Everyworks Services Pte. Ltd., Fixi Co. Ltd., GoodWork Solutions Inc., Grab Holdings Ltd., Home Reno Pte. Ltd., JB Hi Fi Ltd., Kaodim, LS Handyman, Maclean Services Sdn Bhd, Manage 4 U Sdn Bhd, PT. OKHOME Indonesia, Smile Clean Co.,Ltd., Taskrabbit Inc., Up Your Home Services Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., and Wizard Home Services Pte. Ltd..

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Market Driver

The Online On-Demand Home Services market in Southeast Asia is witnessing significant growth, with repair and maintenance, health, wellness and beauty services leading the charge. Consumers’ busy lifestyles and increasing smartphone usage drive this trend. Websites offer convenient access to services, enabling inorganic growth through collaborations and industry influencer partnerships. Repair and maintenance services dominate, but health and wellness are gaining ground. Effective consumer engagement through social media platforms and promotions are key strategies. Latest developments include Amazon Home Services and Amazon Care in health, Ginger and One Medical in health and wellness, Urban Company and Zimmber in home services, and Timesaverz in home cleaning. Comprehensive coverage, competitive positions, and effective user interfaces are prime reasons for success in this market. Pricing and profitability remain important considerations for enterprises in the next few years. Photo printing is a growing niche within this segment. Synthesis of data from multiple sources indicates continued growth in the mobile segment. 

Online on-demand home services in Southeast Asia have adopted various marketing strategies to enhance their service visibility. Digital and social media promotional activities are commonly used by vendors to reach potential customers. Local service provider partnerships are also crucial for expanding market reach. Strategies such as promotional offers and referral models are employed to attract new customers and retain existing ones. Mobile and smartphone-based digital platforms play a significant role in increasing service visibility through push messages and emails, providing details of new service launches and discounts. 

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 Market Challenges

The Online On-Demand Home Services market in Southeast Asia is witnessing significant growth due to the prime reasons of busy lifestyles and the internet. This market includes repair and maintenance, health, wellness and beauty services, and consumer engagement through website and social media platforms. Challenges include inorganic growth strategies, offline home services transition, and competitive positions against industry influencers like Amazon Home Services, Amazon Care, Ginger, One Medical, Urban Company, Zimmber, and Timesaverz. Effective strategies include comprehensive coverage, client base expansion, collaborations, and effective user interface. The mobile segment is a major driver, with smartphone users preferring on-demand services for home cleaning and photo printing. Latest developments include pricing strategies and promotions to attract consumers. Synthesis of data from multiple sources indicates profitability in the next few years.The online on-demand home services market in Southeast Asia is characterized by competition among various regional and country-based players. These companies compete based on strategic initiatives such as acquisitions, partnerships, and expansions, as well as marketing and advertising campaigns. Global players like Amazon also participate in the market, increasing competition. New startups are expected to enter the market during the forecast period, intensifying competition further. Numerous vendors in the market are fueling price wars, which may erode profit margins and potentially cause smaller businesses to exit.

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Segment Overview

This online on-demand home services market in southeast asia report extensively covers market segmentation by

Platform 1.1 Mobile application1.2 WebsiteService 2.1 Home care and design2.2 Repair and maintenance2.3 Health wellness and beauty2.4 OthersGeography 3.1 Southeast Asia

1.1 Mobile application- Mobile applications have become the primary platform for vendors in Southeast Asia’s online on-demand home services market. Customers need to download these apps first and then book or schedule appointments for services from the available slots. The convenience of using mobile phones, especially for working and traveling, has led to a significant shift from web-based to mobile-based services for both B2C and B2B buyers. The growing number of smartphone users and user-friendly interfaces of mobile applications are driving the expansion of companies offering online on-demand home services via smartphones. The increasing penetration of smartphones and the availability of numerous regional and international applications for home services, food and grocery delivery, car rentals, and travel tickets are further fueling the use of mobile for on-demand home services during the forecast period. Vendors are continuously enhancing their mobile applications to offer personalized experiences to customers, leading to increased conversion rates through intelligent persuasion and social proofing.

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Research Analysis

The Online On-Demand Home Services Market in Southeast Asia is poised for significant growth in the next few years, driven by busy lifestyles and the widespread use of the internet. Repair and maintenance, health, wellness, and beauty services are prime areas of focus for this market. Consumer engagement is key, with social media platforms playing a significant role in driving demand. Inorganic growth strategies, such as collaborations and acquisitions, are also common. Synthesis of data from multiple sources is essential for understanding market trends and profitability. Pricing remains a critical factor, with industry influencers advocating for transparency and affordability. Offline home services are also undergoing digital transformation, further expanding the market’s reach. Overall, the Online On-Demand Home Services Market in Southeast Asia presents exciting opportunities for innovation and growth.

Market Research Overview

The Online On-Demand Home Services Market in Southeast Asia is experiencing exponential growth, driven by the region’s large population of smartphone users and their increasingly busy lifestyles. This market encompasses various sectors, including repair and maintenance, health, wellness and beauty, consumer engagement, and offline home services. Social media platforms and industry influencers play a significant role in driving client base and promotions. Inorganic growth strategies, such as collaborations and acquisitions, are also common among enterprises seeking to expand their comprehensive coverage and competitive positions. Latest developments in the industry include Amazon Home Services and Amazon Care’s entry into the market, offering repair, maintenance, and healthcare services, respectively. Ginger, One Medical, Urban Company, Zimmber, and Timesaverz are some effective strategies in the repair and maintenance, home cleaning, and health and welfare sectors. The next few years are expected to see continued growth, with a synthesis of data from multiple sources indicating profitability and a shift towards pricing models that cater to the unique needs of each sector. Photo printing and user interface are emerging trends, as is the integration of artificial intelligence and machine learning to enhance the overall user experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformMobile ApplicationWebsiteServiceHome Care And DesignRepair And MaintenanceHealth Wellness And BeautyOthersGeographySoutheast Asia

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global veterinary software market size is estimated to grow by USD 164.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.41%  during the forecast period. Rising pet population is driving market growth, with a trend towards rising awareness about disease prevention and pet insurance. However, shortage of veterinary clinics in developing countries  poses a challenge.Key market players include Animal Intelligence Software Inc., Brittons Wise Computer Inc., Carestream Health Inc., ClienTrax, DaySmart Software, Esaote Spa, FirmCloud Corp., Henry Schein Inc., Heska Corp., Hippo Manager Software Inc., IDEXX LABORATORIES INC., Nordhealth AS, Oehm und Rehbein GmbH, Onward Systems Inc., Petabyte Technology Inc., Timeless Veterinary Systems Inc., VETport LLC, Vetspire LLC, VIA Information Systems, and Vitus Animal Health Inc..

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Market Driver

The veterinary software market is experiencing significant growth due to the increasing demand for efficient practice management solutions in hospitals and clinics. Practice management software is a key trend, offering features like billing and invoicing, resource management, inventory control, treatment procedure management, and patient health condition tracking. Established economies are leading the market, but emerging countries are also investing in these systems due to health guidelines and the growing pet population. Important players include IDEXX Laboratories, Vetlandia, and Vetter Software. Delivery modes include on-premise and cloud-based solutions, with scalability and multilocation capabilities important for larger veterinary hospitals and independent clinics. Customization options, data centralization, interoperability, and automatic software upgradation are essential for operational efficacy and profitability. Small animal practices and large animal practices benefit from veterinary software, with a focus on patient care, business operations, surgery, imaging, emergency care, and specialized treatments. Digital tools like patient portals, appointment booking, and client experience management enhance customer satisfaction. Product developments and software integration are ongoing to meet the specific requirements of veterinarians and pet owners. The veterinary software market is influenced by factors like companion animal ownership, pet insurance, animal health expenditure, and the growing need for quality pet care. Digital imaging systems and customization options are crucial for effective decision-making and efficient business operations. Storage flexibility and automatic software upgradation ensure data security and system reliability. 

Pet owners prioritize their animals’ health and wellbeing, driving demand for veterinary services and diagnostics. Preventive healthcare, including regular examinations, vaccinations, nutrition plans, and risk assessments, is a growing trend. Veterinary software plays a crucial role in managing this data, enabling veterinary professionals to deliver effective animal care services. Owners adhere to vaccination schedules and focus on preventative measures, such as dental care and nutrition, to keep their pets healthy. By streamlining data management, veterinary software empowers professionals to provide optimal care, enhancing the overall animal healthcare industry. 

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 Market Challenges

The veterinary software market is a growing industry that caters to the needs of hospitals and clinics in managing their practice operations. Challenges in this market include practice management, billing and invoicing, resource management, inventory control, treatment procedure management, patient health conditions, profitability, and operational efficacy. Important players offer solutions for hospitals, multilocation veterinary hospitals, and independent clinics, addressing the specific requirements of small and large animal practices. Product insights include appointment booking, patient portals, client experience, software updates, and decision-making tools. Key features include patient data management, billing, inventory control, treatment procedure management, patient health condition tracking, and digital tools for surgery, imaging, and emergency care. The market serves established economies with high companion animal ownership and pet insurance, driving animal health expenditure. Customization options, data centralization capabilities, interoperability, and automatic software upgradation are essential for meeting the diverse needs of veterinarians. Emerging countries present opportunities for standard software solutions, while scalability and delivery model flexibility are crucial for catering to various practice types and patient volumes.The veterinary software market in developing countries, particularly in Asia Pacific, faces challenges due to insufficient regulations and infrastructure for pet care. In countries like India, Sri Lanka, China, Indonesia, and the Philippines, the absence of regulatory bodies and proper veterinary clinics hinders market growth. For instance, in Haryana, India, which is a significant livestock rearing state, there is a shortage of veterinary professionals. Governments in these countries prioritize the safety of endangered species, leaving a gap in veterinary care for pets. This situation limits the expansion of the veterinary software market in these regions during the forecast period.

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Segment Overview 

This veterinary software market report extensively covers market segmentation by  

Product 1.1 Practice management software1.2 Imaging softwareDeployment 2.1 On-premise2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Practice management software-  Veterinary practice management software (PMS) holds the largest market share in 2023 due to increasing consumer demand and affordability. PMS streamlines workflow in veterinary practices, enabling healthcare professionals to document care protocols, manage billing and resources, track inventory, and oversee treatment processes. New software solutions allow direct access to lab results, reducing treatment times and easing pet owner concerns. Integrated software platforms that manage all clinic processes enhance efficiency and minimize medical errors, driving PMS adoption and fueling the growth of the global veterinary software market.

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Research Analysis

The veterinary software market is a rapidly growing segment of the healthcare information systems industry, catering to the unique needs of hospitals and clinics that provide care for companion animals. These software solutions enable efficient practice management, ensuring adherence to health guidelines through electronic medical records and integrated billing and invoicing systems. Resource management and inventory control are also crucial features, allowing for effective organization and streamlined operations. Companion animal ownership continues to rise, driving demand for quality pet care, and veterinary software plays a vital role in facilitating pet insurance and managing animal health expenditures. Veterinary imaging software and digital imaging systems further enhance the capabilities of these solutions, contributing to the overall growth of the veterinary software market.

Market Research Overview

The veterinary software market is a dynamic and growing industry that caters to the unique needs of veterinary hospitals and clinics. Practice Management Software is a crucial component of this market, enabling efficient business operations through features like billing and invoicing, resource management, inventory control, treatment procedure management, and patient health condition tracking. These systems help improve profitability and operational efficacy by streamlining business processes. Veterinary software is essential for hospitals and clinics of all sizes, from multilocation veterinary hospitals to independent clinics. The market serves established economies as well as emerging countries, adhering to health guidelines and customizing solutions to meet specific requirements. Product developments include veterinary imaging software, digital tools, and patient portals that enhance client experience, appointment booking, and decision-making. Software updates, scalability, and interoperability are essential factors in the market, along with the delivery model, which can be on-premise or cloud-based. The veterinary software market serves small and large animal practices, focusing on quality pet care and specialized treatments. Factors like patient volume, appointments, patient records, inventory, customer satisfaction, and software integration are crucial in the market’s growth. Animal health expenditure, companion animal ownership, pet insurance, and veterinarians are significant drivers for the veterinary software market. The market’s future looks promising, with continued advancements in digital imaging systems, customization options, data centralization capabilities, and automatic software upgradation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductPractice Management SoftwareImaging SoftwareDeploymentOn-premiseCloud-basedGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio