banking 
Accenture
SEPTEMBER 29, 2023
So what, exactly, will gen AI mean for banks? Much of the conversation today around the technology generates more heat than… The post 3 Ways Generative AI Will Transform Banking appeared first on Accenture Banking Blog. Research suggests gen AI could add almost $7 trillion to global GDP.
Perficient
FEBRUARY 22, 2023
Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3. Banks are using AI to analyze large amounts of data, make predictions, and automate complex processes.
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Payments Dive
MARCH 14, 2024
Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.
Payments Dive
JANUARY 12, 2024
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
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For banking and housing experts, it’s no secret that the demand for affordable housing hasn’t slowed down. At the same time, the federal government is taking steps to curb inflation by raising interest rates. It's becoming harder to make informed decisions about where rates might go.
South State Correspondent
JANUARY 25, 2024
It is about to become the realm of banks. While you may be familiar with “large language models” (LLMs), such as those that power ChatGPT or banking applications like our “Tate” ( HERE ), a large action model (“LAM”) turns written or spoken intentions into action. Two, the bank will have its LAMs to assist the customer.
Payments Dive
DECEMBER 11, 2023
Rhodes, previously the group head for Canadian personal banking at TD Bank Group, will take the helm at Discover in March.
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As banks pull back, private lenders charge forward. This expanded market, once dominated by banks, now provides an opportune environment for private lenders to establish cutting-edge automation workflows to meet the abundant demand of borrowers seeking financing.
Advertiser: Data Robot
Banks have always relied on predictions to make their decisions. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics.
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How are some regional banks outperforming their bigger rivals? Digital lending technologies are helping banks make the transition faster so they can compete more effectively. It’s an opportunity that other small and regional banks can learn from, and this guide is the playbook for how to do it.
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This is a great way for banks to stay competitive, as they can offer an improved experience that leads to higher customer satisfaction. Banks often face the choice between staying on top of the latest trends, or hoping they go away and refusing to adapt.
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Small and midsized banks are at tremendous risk. Community banks are at risk of losing their core business to the companies innovating in the paytech and lendtech spaces. On the surface, things are going well for community and regional banks and credit unions. Small business lending is ground zero for this imminent disaster.
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This eBook explains the features of a Business Lending Platform that community banks should make their top priorities when evaluating any business lending software. What should you look for in a Business Lending Platform?
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
From a budget standpoint, US banks are feeling the pinch. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. The largest banks have increased reserves to protect against deteriorating economic conditions. Global economic conditions are soft at best.
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It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. Feeling unsure about digital platforms?
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