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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

Keeping a bank in top shape means fostering innovation. There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. Fintech Houses.

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

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Few speakers or vendors had solutions for how banks are going to efficiently index, manage, and optimize their knowledge base, not to mention customer data.

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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Right now, compared with Fintech, RegTech has low investment for the size of spend. Although governance, compliance and regulation (GRC) represents around 15-20 percent of run-the-bank costs and 40 percent of change-the-bank costs,[1] in 2015, US$588 million was invested in RegTech[2] versus US$22 billion in Fintech[3]. 1] [link]. [2]

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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Right now, compared with Fintech, RegTech has low investment for the size of spend. Although governance, compliance and regulation (GRC) represents around 15-20 percent of run-the-bank costs and 40 percent of change-the-bank costs,[1] in 2015, US$588 million was invested in RegTech[2] versus US$22 billion in Fintech[3]. 1] [link]. [2]

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How Banks Are Using AI, ML To Fight Account Opening Fraud

PYMNTS

Machine learning (ML) and artificial intelligence (AI) have been used by banks for fraud protection for several years, but these technologies are just starting to take on main roles: They are now displacing traditional knowledge-based authentication (KBA) methods like PINs and passwords.

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Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. Using biometrics in place of old-school knowledge-based authentication (KBA) procedures and passwords can also help improve the overall onboarding experience.

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MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

William Mills

This discussion focused on the intersection of the digital and physical worlds and innovation. JPMorgan Chase, Ellie Mae, USAA, and Quicken Loans were part of a panel discussion on their perspectives about fintech. The session was followed by a Q&A. which became a recurring theme at MBA Tech.