Remove Knowledge Base Remove Management Remove Risk Management Remove Technology
article thumbnail

AI and generative AI use cases in banking: 6 real-world examples

Abrigo

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Stay up to date with free resources on managing risk and driving growth.

Examples 221
article thumbnail

We Can All Learn From Crypto.com’s Hack and Response

Perficient

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement.

Security 294
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

article thumbnail

Wake up: Your bank is not efficient

Gonzobanker

As banking becomes a more commoditized business where knowledge is the only true differentiator, high performing institutions will likely have fewer well-paid employees who leverage the heck out of technology, analytics and process automation. Here are a few key opportunities Cornerstone recommends pursuing: Address top heaviness.

article thumbnail

Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships. They become students of the game. Everything. Fintech Houses.

article thumbnail

Globetrotting With The CFO

PYMNTS

CFOs securing the number two spot for the percentage reporting revenue gains (64 percent), European money managers are far more cautious about the coming year than their Latin American counterparts. Technology will prove paramount for CFOs everywhere to usher their corporations into success, according to American Express and CFO Research. “To

Regional 100