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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies

Perficient

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. ” And, while AI itself doesn’t inherently produce bias, models trained on biased data can exacerbate certain prejudices in decision-making processes.

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How to prepare for FedNow: 5 Steps for your financial institution

Abrigo

Essential components for connection include: Front-end services: Provide customers with online or app-based options to send and receive payments. Fraud detection and AML systems: Ensure these systems are integrated and operational at your institution to stay on top of financial crime. Customize your FedNow plans Customization is key.

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The Hybrid Workplace is One Huge Work-In-Process for Banks

Gonzobanker

As bank executives navigate rising rates, margin compression and recession risk in 2023, a striking reality has seeped into leadership meetings: the hybrid workplace is here to stay, and there’s a ton of strategic ramifications to this new aspect of the business. Pretty soon the shareholders will begin forcing this blunt question.

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4 Strategies to keep up with tech changes

Abrigo

Whether this is availability to enroll in online courses or time each day to keep up with evolving news in the industry, creating time and space is vital for supporting well-informed employees. Provide In-House Training What better way is there to ensure that a job is done correctly than to do it yourself?

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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

It is imperative for financial institutions to train their employees comprehensively and supply them with the necessary tools to advise and support clients ethically and transparently. Building trust is not limited to overarching company leadership. Trust and Transparency. . Education and advocacy.

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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. According to a J.D

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Who Owns Digital? Ugh, That’s the Problem for Bankers

Gonzobanker

The bottom line is this: most banks lack the true management leadership and operating disciplines necessary to execute successfully on digital. When a bank operates this way, the focus tends to be around operational uptime, security, and incident management while insufficient attention is given to the end-user customer experience.