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

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.

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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.

How to Improve Branch Performance & Streamline Branch Operations Processes

Strategically Speaking

The last two years have called for undeniable change in the financial industry. They’ve called for forced branch closures, highlighted the importance of contact centers, and accelerated adoption of digital channels.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.

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

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

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.

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.

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

Mobile Payments Today

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

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.

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.

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.

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 financial institutions, credit unions can improve operations, customer experiences

Mobile Payments Today

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

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.

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.

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.

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

Wirecard Makes Deals To Sell Its Brazil, Britain Operations

PYMNTS

As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon.

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.

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

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.

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.

Gig Economy Drone Operators Could Soon Pilot Last-Mile Delivery

PYMNTS

As reported by CNN , Connecticut-based Aquiline Drones is aiming to debut a smartphone app that will allow licensed drone operators to do short-term, project-based work as drone pilots. Federal Aviation Administration (FAA) requires that drone operators be certified.

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.

New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. “It’s

What’s holding you back from modern banking operations?

Accenture

In the first of a four-part series, our team of guest bloggers will share how getting to simplified, future-ready bank operations may be more easily imagined. . However, banks are unable to support this if they do not modernize their operations. North America bank operations executives say that by 2020, up to 40 percent of their bank’s spending on digital transformation will be in operations. 1 So, how do banks get to simplified, future-ready bank operations?

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

How Can HR Boost Your Bank’s Performance?

Accenture

Automation and AI were forcing organizations to consider how they would address a growing skills gap; people wanted to work for organizations that operate and lead responsibly; and flexibility was increasingly a tool for recruiting and retaining workers.

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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.

Mayzus Financial Now Operating as Money Polo

Mobile Payments Today

The co-owners of a large FX business numbering about 40 thousand active clients-traders turned to us with the task to create a single payment service for the purpose of minimization of expenses for operations

Amazon Prime Day Set For September As Operations Stabilize

PYMNTS

Now, Amazon is taking steps to get operations back on an even keel, according to The Wall Street Journal. In a COVID-19 world, the eCommerce scene changes quickly. This spring, Seattle-based Amazon went on a hiring spree, unable to keep up with the boom in online sales.

WEX Gets $400M From Warburg Pincus To Boost Operations

PYMNTS

WEX has reported a $400 million investment from a partner of Warburg Pincus , which the financial services tech firm will use to continue operations amid the global pandemic, according to a press release.

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard has appointed Mark Barnett as president of its European business headquartered in Brussels.

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.