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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

Our customers need financial technology tools that align with their personal and business needs,” Wells River Savings Bank Chief Financial Officer and Chief Operations Officers Judy Lavely said in the announcement. Modern Treasury Raises Funding To Accelerate B2B Payments. Noting that more than $18.5

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Afterpay is offered at thousands of merchants – notable names include Nordstrom, Bed, Bath & Beyond, and Nike.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. keep me informed.

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech to facilitate inclusive financial system establishment in China, say experts. Traditional banks usually focus their services on the top 20 percent of customers including large and medium-sized enterprises as well as high-net-worth individuals. Tags Artificial intelligence. Blockchain. Cheap Energy. Compliance.

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5 ways AI can improve customer service

Independent Banker

First, with AI’s ability to mimic human intelligence, community banks can quickly process huge amounts of data to ease customer friction. Then, by monitoring AI as it works, banks can see where their customersexperience can improve. Here are common issues customers experience that AI could improve. “My

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Finovate Fall 2016 Live Blog – Day 2

William Mills

Addresses compliance, fraud experience and customer experience analytics. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Working for the past 6 years with many banks to design their online experience. Purple = Customer Experience.