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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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Driving innovation in risk management: Financial risk APIs designed and engineered for the cloud

Insights on Business

While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. However, the cloud offers many compelling advantages over traditional technology platforms.

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

Insights on Business

IBM RegTech Innovations. 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. Game-changing innovation. Innovation drives business transformation.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Watch 28 InsurTech Demos at Plug and Play’s Virtual Summer Summit (June 2020)

Fintech Labs Insights

Risk management & dynamic pricing for commercial fleets. Commercial pricing & risk management. Cognitive technologies platform to optimize business processes. Related: Watch 27 Fintech Demos Named “Best of Show” at Finovate in the Past Year (June 2020). Gradient A.I. Anonymizes data.

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Capitalizing on Open Banking as a catalyst for digital transformation

Insights on Business

Reengineering core banking systems that have been developed over decades while innovating fast enough to stay competitive would be like trying to change your tires while speeding down the freeway. Built on Kubernetes and optimized for IBM Cloud Private, it’s powered by IBM API Connect and Watson technologies. Embracing change.

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2021 GonzoBanker Awards

Gonzobanker

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. A deal like this has huge integration risk, and it’s good to have Stephen Steinour and team leading the way. Brandon Dewitt, MX co-founder and chief technology officer. 82% to over 2.3% Inspirational? You tell us.

Fintech 142