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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology.

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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology.

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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.

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Wake up: Your bank is not efficient

Gonzobanker

The plain truth is that banking has too many high paid managers who would struggle to justify what they do productively with their 2,000 hours of work time per year. Efficient and agile banks of the future will require that EVERY manager operates with a scorecard of key revenue, efficiency, service and risk management metrics.

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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. Not only are these banks expanding their base services but they are pulling in an innovative trainer versed in the latest technology advancements. They become students of the game.

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5 Ways Credit Unions Can Be More Resilient with AI and Analytics

FICO

This COVID pandemic aftershock is about to hit the financial services industry, which means that credit unions need to pay close attention to their capital, asset quality, earnings, and liquidity. As federal stimulus programs are ending, delinquencies and charge-offs are expected to rise in the months ahead. That’s an embarrassing statistic.