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15 Ways We Are Using ChatGPT in Banking

South State Correspondent

Our innovation working group, called Spark, has been playing with the tool for the past several months, and this article details how we use it to jump our productivity by 20%. How Bankers Will Use This Amazing Tool Bankers can use ChatGPT in various ways to improve their productivity, operations, and customer experience.

Tools 370
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Driving innovation in risk management: Financial risk APIs designed and engineered for the cloud

Insights on Business

For example, online banking and customer portals allow clients to access services without visiting a physical location or even talking to a person. This allows for new innovative operating models such as an SLA that says: “run my risk simulation in 4 hours, regardless of the size.”

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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. And while the PPP initiative ultimately saw some major successes, Diamond noted that its rocky start was the latest example of big banks’ digitization struggles.

Lending 171
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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. Citi, Standard Chartered, Bank of America, HSBC and Credit Suisse, for example, all reported third-quarter profit increases from the same period last year. Not So Black-and-White.

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Transforming Financial Institutions With Agile

Perficient

Agility not only offers institutions a path toward expedited change but a way to simplify complex operations. Preferred technologies (UI/UX technologies, backend technologies like Java,Net, ETL Informatica, etc.) For example, if a two-week sprint is 80 hours of work, a team should plan for 60 hours of power work per engineer.

Meeting 294
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The BaaS Gold Rush is On

Gonzobanker

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. As an example, PNC closed shop on its BBVA Open after acquiring BBVA’s U.S. department steeped in running a data center, network operations, and end-user support.

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The Future Of Banking Comes To Sunday’s Big Game

PYMNTS

In the Lounge, guests will have the opportunity to try out a contactless payments experience featuring Diebold Nixdorf’s latest concepts — and some other innovations, too. “We The UX Experience. Huge shares of budgets in both sectors are going toward improving the user experience through consumer-facing innovation.