Remove Comparison Remove Customer Experience Remove Management Remove Technology
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Supercharged Data for Utility Companies with Oracle Analytics & EPM

Perficient

It has been written in Utility industry publications that there is an enormous opportunity to marry Operational Technology and key Finance systems and use emerging technologies such as predictive analytics to build Data that Utility executives can strategically model with and plan to ensure the best and most efficient customer experience.

Analytics 340
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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

Marketing and technology (IT) are two budgets that have taken the most significant hit. Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry. Technology-forward banks spend as much as 16.4% As such, bank budgets have come under scrutiny.

Capital 195
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Solve This Problem with Your Strategic Horizon

South State Correspondent

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) and about an 80%+ return spent on reducing customer churn, increasing lifetime value and/or helping cross-sell. Bank management should, of course, strive to increase cash flow as soon as possible.

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Ecommerce is Dead, Long Live Digital Commerce

Perficient

Some may do onboarding to encourage existing customers to use a new platform, but it requires more investment and strategy than just that. Adopting a digital commerce mindset is different in comparison to ecommerce and how it impacts your organization overall. Having the Right Technology. What Makes Digital Commerce Different?

Resources 340
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A step-by-step guide to financial institution strategic planning

Abrigo

Learn how to tap your data to generate management insights. The following steps can help narrow it down and focus your goals: Send out a simple, future-oriented survey to the board and executive management (read on for sample questions) to determine strengths, weaknesses, opportunities, and threats to your financial institution.

Lending 221
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Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better

PYMNTS

In that context, Julia Li, director at Baidu Research Institute USA , told Karen Webster, the part for artificial intelligence (AI) to play is obvious: Make the customer experience much smoother and easier than before by stitching all of those discrete actions into something that is a smoother, “one-click” journey.

Training 249
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The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp

Lex Sokolin

The first was a dissatisfaction with British banks, whose customer experiences were poor and expensive (while being seen as prestigious). In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Neobanks grew up out of three themes. This led to the Web 2.0 It’s not impossible.