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

Perficient

It involves using software to analyze both structured and unstructured data (i.e., 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. Risk Management.

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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. Reduce operating cost while ensuring loan policy consistency. Community lending software can help get you there.

Lending 221
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We Can All Learn From Crypto.com’s Hack and Response

Perficient

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement. The Crypto.com hack exposes shortcomings of multi-factor authentication.

Security 294
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The Co-operative Bank selects Finastra Kondor Cloud for modernized treasury infrastructure

Bobsguide

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. E sofia.romano@finastra.com. Caroline Duff. Global Head of PR. T +44 (0)7917 613586. About Finastra.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. Our mission is to provide best of breed solutions that drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients.

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How to Win Small Business Loans This Year

Abrigo

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Streamline with Software.

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Morgan Goodwin Links EdgeCTP Trade Tech With Western Union

PYMNTS

The company said that its technology, which runs on a software-as-a-service model, is provided on a monthly subscription basis as is the case with a contract for a cell phone. In separate news, Western Union teamed with Integral for Integral BankFX, a new risk management solution. BankFX will be linked to the cloud.