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The top lending & credit risk blogs of the year

Abrigo

Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. But the benefits of automation are a key part of the customer experience. This blog outlines the significance of credit risk ratings and regulatory priorities related to credit grading.

Lending 221
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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Personalization of Customer Services. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies.

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

Abrigo

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221
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RegTech: From Compliance Checkbox To Competitive Cornerstone

PYMNTS

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Why RegTech? A Cultural Shift Is Needed.

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It’s a Program, Not a Project: Designing Websites for Accessibility

Perficient

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. By having an inaccessible site, you are turning away 26% of your overall potential market and expose the organization to compliance violations. Accessibility Belongs in the Design Phase. Heading Structure.

UX 531
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Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

Does the Bank Technology Improve the Customer Experience Across the Bank’s Platform? To answer the question above, ask yourself – “How does the product scale across the bank’s platform to various customer segments?” On a macro-level, it’s about managing your channels and your customer segments.

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Why banking technology makes sense – recession or not

Abrigo

A failure in back-office technology directly affects customer experiences. It prioritized customer experience gains over back-end improvements, such as a digital way for flight crews to report their locations and availability.