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Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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

South State Correspondent

Below is a breakdown of all 300 sessions, less the demos and sales pitches. As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. However, of course, it was generative AI that remained at the peak of the hype cycle.

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Reimagining the first line of defense with next-gen GRC

Insights on Business

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

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Reimagine your business in the era of AI at Think 2018

Insights on Business

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Some of the use cases for pay-by-bank are below.

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SIFMA Fintech Conference 2018

Insights on Business

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. Another technology in discussion will be the ever prevailing blockchain technologies.

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Sense and sensitivity: how IBM is driving innovation in XVA calculations to help banks outperform the competition

Insights on Business

There’s a clear trajectory from daily to intra-day calculations, and in some cases even to real-time XVA calculations to help traders and risk management teams make better operational decisions. This demo gives a good indication of the impressive performance improvement that can be achieved using the new technology.