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Major shakeup at Truist’s tech innovation operation

BankInovation

Truist Financial is overhauling its digital innovation operations. Bank Automation News has learned that a key bank C-level innovation officer left Truist last week, and the bank shut its Foundry unit, which led the FI’s skunkworks ventures.

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How to build future-ready banking operations beyond the pandemic

Accenture

So far in this blog series, I’ve talked about how COVID-19 is amplifying banks’ need for innovation and the key technology trends that will shape the near future. The post How to build future-ready banking operations beyond the pandemic appeared first on Accenture Banking Blog.

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What Does ‘Operational Efficiency’ and ‘Pragmatism’ Mean for Innovation?

Bank Innovation

The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions. Signs point to more difficult economic times ahead.

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Is operations a source of competitive advantage?

Accenture

How is operations perceived within your bank? The post Is operations a source of competitive advantage? As a back-end function ripe for continual cost reductions? Or as an embedded part of an integrated end-to-end design process, collaborating with other areas to create compelling and cost-effective experiences for customers?

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance. Learn how to generate compliant closing documents in minutes, streamline operations, and reduce risks.

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Boost efficiency through operational innovation in financial services

Insights on Business

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These terms look good on paper, but what do they mean in practice for operational innovation?

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From Spreadsheet Chaos to Data Strategy Triumph with Perficient

Perficient

Relying on complex spreadsheets for portfolio analysis, the firm faced operational hurdles due to immense computing demands. Recognizing the need for a comprehensive operational overhaul, we proposed a transformative journey from spreadsheet reliance to a robust data strategy initiative.

Strategy 251
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Top 10 Benefits of Automating Closing Documents

Innovative solutions are now essential to navigate this dynamic landscape and achieve success in the fast-paced world of commercial lending.