Direct Sales and Distribution Partners Drive Expansion of Client Base

HOUSTON, Dec. 2, 2024 /PRNewswire/ — FINBOA Inc., a leading innovator in intelligent process automation for regulatory compliance in financial institutions, has reported a commendable 46% year-over-year increase in third-quarter revenue, indicating a steady growth trend.

Since the start of the year, 44 new financial institutions have adopted FINBOA’s Payment Disputes, bringing FINBOA’s total customer base to more than 250 financial institutions nationwide. Achieving a 50% increase in add-on sales demonstrates success in expanding business with existing clients.

“The FINBOA team is entering the final quarter of 2024 with strong momentum,” said Raj Singal, CEO and Founder of FINBOA. “With the launch of innovative offerings like our business intelligence product for disputes, we are confident in sustaining this growth into 2025. We look forward to unveiling new partnerships and expanding our solutions to drive further success.”

Driving Efficiency and Compliance
FINBOA’s Payment Disputes SaaS solution helps financial institutions ranging from hundreds of millions to tens of billions in assets reduce compliance costs, mitigate risks and enable more efficient dispute resolution.

About FINBOA

FINBOA provides intelligent process automation software to banks and credit unions to simplify dispute processing and improve regulatory compliance by eliminating manual systems. Solutions include FINBOA Payment Disputes along with companion products, FINBOA BI Disputes and AutoDecision. FINBOA delivers transformative software proven to enable institutional growth by reducing operational costs and risk.

In 2024, FINBOA received industry accolades including the US FinTech Awards 2024: Banking Tech of the Year, PayTech USA Award: Tech of the Future, Finovate Award finalist, CU Times Luminary Award for Product Innovation, Jack Henry Associates’ Cobalt Integrator’s Award and selection for the ICBA ThinkTech Accelerator’s program; as well as being named to the INC 5000 list of fastest growing U.S. businesses.

Headquartered in Houston, FINBOA is trusted to help over 250 financial institutions nationwide achieve targeted business outcomes and peace of mind.

Learn more at www.finboa.com or follow us on LinkedIn, Facebook and X Twitter.

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SOURCE FINBOA

SAN MATEO, Calif. and GAINESVILLE, Fla., Dec. 2, 2024 /PRNewswire/ — More than four in ten retail workers in the U.S. say they are likely to leave their current job in the next 12 months due to personal safety concerns, according to new research conducted by the Loss Prevention Research Council (LPRC) in partnership with Verkada.

LPRC and Verkada’s State of Retail Safety Report reveals the challenges facing retail workers and, importantly, offers a blueprint for employers tasked with addressing them.

Safety concerns are widespread, and workers report higher-ups aren’t taking action: More than one in four (27%) retail workers reported feeling unsafe at work. Those fears aren’t unfounded: more than half (54%) of retail workers experienced customer aggression or harassment. Despite these persistent threats, nearly one in four (22%) retail workers say their workplace has minimal to no security and 62% say that their company hasn’t changed the level of security measures in the last 12 months.These threats have a ripple effect on retention and hiring: Nearly twenty percent of retail workers report they have considered looking for a new job due to personal safety concerns, and they are motivated: 40% report they are likely to leave their current job in the next 12 months due to personal safety concerns. Retailers face hurdles when they’re backfilling these roles, though: 37% of store managers agree that concerns about safety are a barrier to hiring.Retail workers believe better security would help: Nearly three in four (71%) retail workers who have experienced some type of violence at work say they would feel safer with enhanced security measures. Those same respondents say that theft (77%), robbery (76%), and physical assaults (61%) could have been prevented had better security been in place.But just increasing security isn’t enough: Retail workers also need better mechanisms to report these threats to law enforcement. Only half (52%) of respondents always report violent incidents to police/law enforcement. The number drops even lower when asked about witnessing a coworker(s) experiencing physical violence, where only 44% reported to police or law enforcement.

“Retail is a cornerstone of the economy, supporting 1 in 4 American jobs. The unfortunate reality is that today, retail workers are being asked to shoulder unacceptable risks every time they clock into work,” said Read Hayes, Ph.D., Executive Director of the Loss Prevention Research Council. “This research provides a sobering snapshot of that reality, and builds on the Loss Prevention Research Council’s ongoing work to provide a roadmap for how retailers can better protect their employees and merchandise, and importantly, create safer work environments.”

“Safety is a fundamental right, and we have a responsibility to protect the 55 million Americans who work in retail,” said Alana O’Grady Lauk, Vice President of Public Affairs at Verkada. “This study underscores the importance of not only investing in security infrastructure but also creating a culture where retail workers feel valued, protected, and heard.”

Learn more and access the full report here.

About LPRC and Verkada’s State of Retail Safety Report
To better understand the state of safety and the emotional toll it’s taken on retail workers, the Loss Prevention Research Council and Verkada conducted a mixed-methods study in the summer of 2024. First, The Harris Poll distributed an online survey to over 1,000 retail workers across the United States. Next, the Loss Prevention Research Council conducted semi-structured interviews with 10 individuals sourced by The Harris Poll. These interviews typically lasted for an hour with questions asking about their particular experiences with violence.

About the Loss Prevention Research Council (LPRC)
The Loss Prevention Research Council partners with retail industry executives, solution partners, and law enforcement officials to conduct scientific research to improve retail asset protection. They focus on preventing and detecting theft, fraud, and violence in retail settings. The LPRC is a vital hub for retail leaders seeking advanced strategies in retail crime prevention. Members get access to the latest research, best practices, and retail insights on asset protection, plus opportunities to collaborate with industry experts through training programs and networking events to advance their professional development. To learn more about the Loss Prevention Research Council’s events and membership, please visit lpresearch.org.

About Verkada
Designed with simplicity in mind, Verkada’s six product lines — video security cameras, access control, environmental sensors, alarms, workplace, and intercoms — provide unparalleled building security through an integrated, secure cloud-based software platform. Over 28,000 organizations across 83 countries worldwide trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments. For more information, please visit www.verkada.com.

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SOURCE Verkada

The global thin film and printed battery market is set for explosive growth, with projections indicating a surge to $904.94 Million by 2031. This remarkable expansion, driven by proliferation of 5G, rising demand for wearable devices and growing focus on sustainability.

NEW YORK, Dec. 2, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, “Thin Film and Printed Battery Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Voltage Rating, Chargeability, Application, and Geography”, the global thin film and printed battery market is observing significant growth owing to the miniaturization of electronics and rising demand for connected devices.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/thin-film-and-printed-battery-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the thin film and printed battery market comprises a vast array of voltage rating, chargeability, application, and geography, which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:
Thin Film and Printed Battery Market Growth: According to an exhaustive report by The Insight Partners, the Thin Film and Printed Battery Market is experiencing significant growth, driven by expansion of healthcare industry and continuous research and development. The market, valued at $197.31 Million in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.0% during 2023–2031.

For More Information and To Stay Updated on The Latest Developments in The Thin Film and Printed Battery Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00008884/

Miniaturization of Electronics: In today’s fast-paced world, consumer electronics have become integral to everyone’s lives. From smartphones to wearable devices, the demand for smaller and more powerful gadgets continues to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Thin film and printed batteries, micropower sources, have emerged as a solution to this problem. These thin energy storage devices offer high energy density in a small form factor, making them ideal for powering the ever-shrinking consumer electronics, propelling the thin film and printed battery market growth. In order to meet the demands of miniaturization, researchers are exploring new materials and designs to enhance energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing thin film and printed batteries with higher energy densities and improved cycle life. The applications of thin film and printed batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable. Thus, the growing miniaturization of electronic devices has become an important thin film and printed battery market trend.

Country Insights: According to the thin film and printed battery market forecast, the market in Germany is expected to grow significantly owing to the rise in digitization, 5G implementation, and technological adoption. These high-performance battery systems are essential for the future of industries such as consumer electronics and medical, as they enable sustainable and safe operations. This surge in demand creates significant opportunities for Germany to leverage technological advancements, paving the way for success in the battery market. The convergence of advanced micro battery cells and digital technologies is poised to bring about a revolution across the above industries. This presents Germany with a significant opportunity to establish itself as a key player on the global stage in this pivotal field. By leveraging its expertise in battery technology and embracing digital advancements, Germany can capitalize on this transformative shift and drive innovation and growth in the battery industry. In June 2023, Valmet Automotive inaugurated its first battery plant in Germany, signifying a crucial milestone toward achieving ambitious growth objectives. Thus, all the above factors fuel the thin film and printed battery market growth in Germany.

Stay Updated on The Latest Thin Film and Printed Battery Market Trends: https://www.theinsightpartners.com/sample/TIPRE00008884/

Geographical Insights: The Asia Pacific held the largest market share in 2023, followed by North America and Europe.

Thin Film and Printed Battery Market Segmentation, Applications, Geographical Insights:

Based on voltage rating, the thin film and printed battery market is divided into below 1.5 V, 1.5–3 V, and above 3 V. The below 1.5 V segment held the largest market share in 2023.In terms of chargeability, the market is segmented into rechargeable and Single-Use. The rechargeable segment held a larger share of the market in 2023.In terms of application, the market is segmented into consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held the largest market share in 2023.The thin film and printed battery market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Purchase Premium Copy of Global Thin Film and Printed Battery Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00008884/

Key Players and Competitive Landscape:

The Thin Film and Printed Battery Market is characterized by the presence of several major players, including:

Molex LLCVarta AGRenata SAEnfucell Flexible Electronics LtdSTMicroelectronicsSamsung Sdi Co LtdExcellatron Solid State LLCUltralife CorporationIlikaImprint Energy

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00008884/

Thin Film and Printed Battery Market Recent Developments and Innovations:

“The Swiss Federal Laboratories for Materials Science and Technology (Empa) based in the canton of Zurich launched a spin-off company called BTRY. The company plans to drive forward the coming generation of battery technology with an innovative thin-film battery. The thin-film solid-state battery developed at the Empa Laboratory for Thin Films and Photovoltaics provides greater safety and quicker charging times, lasts longer, is not sensitive to temperature, is noncombustible, and can be manufactured in a more environmentally friendly way than lithium-ion batteries.””Ilika, a developer and manufacturer of advanced solid-state battery technology, announced the successful shipment of its first batch of Stereax batteries from its manufacturing facility in the UK to its customer, Blink Energy. The initial shipment consists of single-layer Stereax M50 cells, which have been allocated to Blink Energy, a provider of device-agnostic power and communications platforms for ocular devices. The M50 cells can be used individually. These cells are also the building blocks for Ilika’s M300 batteries, which are made up of six M50 cells connected in parallel. The ultra-thin profile of the M50 cells is particularly advantageous for Blink Energy, which designs products to power and connect smart ocular devices.””Ultralife Corporation announced that it had acquired Excell Battery Company. The acquisition will further help Ultralife Corporation increase its capabilities in mission-critical applications, such as downhole drilling, OEM industrial and medical devices, automated meter reading, mining, and marine. Based in Canada with US operations, Excell is a key independent designer and manufacturer of high-performance smart battery systems, battery packs, and monitoring systems to customer specifications.”

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Conclusion:

Thin film batteries are being increasingly used in fitness bands, smartwatches, headsets, and other wearable electronic devices because of their improved recharge rate and small size. Also, the growing adoption of 5G is raising the demand for connected electronic devices. In addition, the increasing use of smart cards, such as EMV chip card technology, is propelling the demand for thin film and printed batteries worldwide. As smart cards are created at high temperatures of 130–150 degrees Celsius, which degrades the organic content of ordinary batteries and prevents them from functioning, the demand for thin film and printed batteries is increasing for the production of smart cards. Furthermore, the growing miniaturization of electronic devices is expected to create growth opportunities for the thin film and printed battery market during the forecast period.

With projected growth to $904.94 Million by 2031, the Thin Film and Printed Battery Market represents a significant opportunity for battery manufacturers, raw material suppliers, end-users (OEMs), investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Flexible Thin Film and Printed Battery Market Size and Forecasts (2021 – 2031)Flexible Electronics And Circuit Market Size and Forecasts (2021 – 2031)Flexible Electronics Market Growth and Forecast | 2030Wearable Technology Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/thin-film-and-printed-battery-market

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SOURCE The Insight Partners