Remove Compliance Remove Customer Experience Remove Reference Remove Security
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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

The next offering for adoption within automation is more human-like Advance AI, which is being referred to as Autonomous Enterprise. In the banking industry, RPA is being used to automate a wide range of processes, from loan origination and account opening to back-office processes, such as compliance and accounting.

Trends 474
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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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How DraftKings Keeps Onboarding Security Swift And Out Of Sight

PYMNTS

At the same time, these providers cannot afford to implement security procedures that slow onboarding processes, as that could risk losing customers to competitors that offer the speed and ease they seek. . It turns to a KYC aggregator to help verify customers’ data by pulling credentials from several different databases.

Security 108
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Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud

PYMNTS

A poor customer experience can cause FIs and enterprises to lose customers, of course. And for the customers, there’s the rabbit hole of trying to prove that the bad guys co-opted their names, social security numbers and other data.

Fraud 193
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Deep Dive: Biometrics And New Technologies In A Post-SCA World

PYMNTS

SCA in its simplest form requires that customers be identified through methods that fall into at least two of three categories: knowledge, possession or inherence. The first refers to KBA methods like passwords or PINs, but the latter two categories are where merchants and payment providers will need to get creative.

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AP Automation Sails Through Onboarding

PYMNTS

Refer back to the first sentence to see why this starts to get painfully complicated, and quickly too. There are also legal matters of compliance, and customer experience is increasingly seen as an important part of the overall offering. But it all hinges on reliable data.

Fraud 130
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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials.

Marketing 156