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The top lending & credit risk blogs of the year

Abrigo

But the benefits of automation are a key part of the customer experience. Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent.

Lending 221
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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

However, Wingert said the fact remains that many financial institutions, merchant acquirers and online stores are missing important risk signals by overlooking a proven approach to fraud and risk management. Where there’s a customer expectation, the institution needs to respond,” Wingert said.

Fraud 270
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Embracing The Cloud With FIs’ Corporate Clientele On The Line

PYMNTS

Banks have always turned to third-party FinTechs to integrate add-on services for their customers. Like their corporate customers, FIs are beginning to trust the cloud to deploy and maintain some of these solutions. The struggle for banks is how to meet that demand,” explained Proctor. How do you improve risk management?

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Formula for Business Lending Success: Minimize Delays

Abrigo

This means having processes and people in place for bringing in borrowers, identifying the right loans to book, pricing them correctly, and closing loans quickly and efficiently enough to meet customer needs and institutional goals. The types of inefficiencies and delays are those that can also result in unhappy customers and staff.

Lending 243
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How banks use bank-as-a-platform to modernize apps with cloud

Insights on Business

Open banks can use and share customer data through APIs for a broader end-to-end customer experience and connect their banking apps both internally and externally to the ecosystem. Such open banking approach necessitates that the banks develop an open banking platform with externalized APIs. This is essential.

Meeting 111
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Don’t miss these IBM sessions at Money20/20

Insights on Business

Creating compelling AI omni-channel customer experiences. Warren Raisch, IBM Executive Strategist, Watson Customer Engagement. Customers expect personalized engagement at every touch point. Building blocks for a fintech world: Hands-on workshop. Fintech application development is supported in the IBM Cloud.

Fraud 117
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Capitalizing on Open Banking as a catalyst for digital transformation

Insights on Business

Take an incremental approach, prioritizing by business domain, responding to new regulations and keeping the customer experience front-and-center throughout. It gives financial institutions the chance to open up legacy systems and harness APIs to deliver better services to customers and lift profits. Ready for anything.

Capital 157