How to Build Future-Ready, Intelligent Operations That Drive Customer Experience and Faster Growth

Accenture

In my first blog on the future of banking operations in a post COVID-19 world, I examined why banks must reduce their operational costs dramatically just to stand still. Uncategorized Digital Transformation Digitisation Future-Ready Operations Legacy costs

Are restaurant operators eating too many fees?

Payments Dive

"I’ve been disappointed to see how the payments industry is constantly looking for ways to profit off of small businesses in sneaky ways," says Copper CEO Dickson Chu

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Klarna revamps operations, cuts 700 employees

Payments Dive

Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said

Is operations a source of competitive advantage?

Accenture

How is operations perceived within your bank? The post Is operations a source of competitive advantage? Core Banking Banking Innovation Banking Technology Digital Banking Intelligent operationsAs a back-end function ripe for continual cost reductions?

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Operational Transformation in Financial Services

Cisco CSR

It’s evident that digital investments made prior to 2020 helped many financial institutions respond quickly to a rapidly changing operational environment. Operational Transformation. AIOps – Artificial Intelligence for IT Operations.

Roadmap to build future-ready banking operations

Accenture

To combat these challenges, banks need to move towards future-ready operations, grounded in the latest technology with people who know how to use it. The post Roadmap to build future-ready banking operations appeared first on Accenture Banking Blog.

Why an operations revolution is an urgent imperative for banks

Accenture

The post Why an operations revolution is an urgent imperative for banks appeared first on Accenture Banking Blog. Uncategorized Digital Transformation Digitisation Future-Ready Operations Legacy costsUK banks have been striving for years to reduce their cost base.

The role of operational excellence in automation

BankInovation

Center of Excellence Automation Operations Premium workflow automationWhen it comes to implementing a large-scale automation project, banks have to learn to walk before they can run.

Visa, Mastercard and PayPal suspend operations in Russia

Payments Dive

The payments giants all separately cut off use of their services in Russia, citing that country's invasion of Ukraine. "This war and the ongoing threat to peace and stability demand we respond in line with our values," Visa CEO Al Kelly said in a Saturday statement

Build Trustworthy AI With MLOps

Machine learning operations (MLOps) helps companies deliver machine learning applications in production at scale. Discover the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.

Banks rethink branch operations on back side of COVID-19 threat

Payments Dive

Major banks are reviewing plans to relaunch branch operations after the peak of the COVID-19 pandemic in the U.S., but executives and experts say some key changes in bank operations will likely continue going forward

55-Plus Group Lends Optimism To Travel Operators

PYMNTS

The paper cited positive data from a large swath of UK tour operators. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.

Getting the Cloud Operating Model Right

Accenture

In this latest post, I move to a further critical determinant of effective performance: having the right cloud operating model. Your cloud operating model should provide to your cloud organisation the appropriate structure, capabilities,….

How intelligent operations can help European banks prepare for the future

Accenture

The post How intelligent operations can help European banks prepare for the future appeared first on Accenture Banking Blog. Uncategorized Artificial Intelligence Digital Transformation Intelligent operations User Experience

The Business Value of MLOps

As machine learning models are put into production and used to make critical business decisions, the primary challenge becomes operation and management of multiple models. This report highlights some of the most impactful benefits of MLOps tools.

Finding the right operating model and governance for Open Banking

Accenture

When transitioning to Open Banking, one of the key considerations for banks is their operating model and governance structure. The post Finding the right operating model and governance for Open Banking appeared first on Accenture Banking Blog.

How financial institutions, credit unions can improve operations, customer experiences

Payments Dive

The coronavirus forced financial institutions to search out new ways to engage with customers

California Lets Aurora Operate Driverless Cars

PYMNTS

Aurora, with logistical operations currently in Palo Alto, Pittsburgh, and San Francisco, has approximately a dozen self-driving vehicles used for testing on American public roads.

How to build future-ready banking operations beyond the pandemic

Accenture

The post How to build future-ready banking operations beyond the pandemic appeared first on Accenture Banking Blog. 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.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

FAA OKs American Robotics Drones To Fly Without Human Operators

PYMNTS

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website.

Navigate risk and thrive with intelligent banking operations

Accenture

Today’s world of operational risk for banks is much different from what it was two years ago. The post Navigate risk and thrive with intelligent banking operations appeared first on Accenture Banking Blog

Bank Expenditure Operational Risk

South State Correspondent

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool. That is unfortunate because operational risk is real and often realized more than both credit and interest rate risk.

Co-operative Bank Of Kenya Teams With Thunes On SMB Transfers

PYMNTS

To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes , according to an announcement. “We Co-operative Bank of Kenya works with 8.8

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Amex Cleared To Operate In China

PYMNTS

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there.

Operant Calls for Consortium to Improve Debt Collection

Bank Innovation

Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […]. Artificial Intelligence Cards Compliance Daily Post 1 Exclusive Lending Open Fintech Operations Premium Retail Risk Startups artificial intelligence Big Data credit data analtyics debt collectionToronto-based fintech Operant.AI

MasterCard strengthens ties to mobile network operators

Payments Dive

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments

Deutsche Bank To Overhaul Trading Operations

PYMNTS

Deutsche Bank has announced that as part of a complete overhaul of its trading operations it’s creating a non-core asset unit, or “bad bank,” to house tens of billions of euros in assets, according to a report by the Financial Times. Also as part of the changes, the bank’s equity and rates trading operations outside of Europe are going to be either closed or become smaller. Banking banking derivatives Deutsche Bank News trading operations What's Hot

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Lithuania Suspends SatchelPay Operations

PYMNTS

6) that the nation’s central bank has suspended the company’s activities because it allegedly failed to provide the government with required financial data on its operations this year. The Bank of Lithuania has suspended the majority of activities of payments company SatchelPay , reports said Tuesday, barring the Lithuanian company from issuing electronic money or providing part of its payment services. The Industry Spread reported Tuesday (Aug.

Amazon Seeks 100K Workers For Operations Roles

PYMNTS

As it plans to bring 100 new operations facilities online in September, Amazon announced on Monday (Sept. It has also directly developed over 600,000 employment positions domestically throughout operations locations and company offices. “We

PROS To Work On B2B eCommerce Operation Launches

PYMNTS

PROS , which provides artificial intelligence-powered solutions, will be expanding its strategic collaboration with Adobe to include Magneto Commerce , an eCommerce platform, with the goal of helping companies launch eCommerce solutions.

Apple Resumes Operation Of All China Retail Locations

PYMNTS

has reportedly put all of them back into operation. After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported.

The ABC’s of Recruiting for Gen Z

With “Gen Zers” beginning to enter the workforce at entry-level positions, it’s crucial to understand that this generation operates differently from the last. With this caveat in mind, read on to learn how to adapt your recruiting strategy to appeal to this pool of potential employees.