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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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

Separation of Store, eCommerce Operations Draws Increasing Interest

PYMNTS

But investor interest in splitting physical and eCommerce operations into different structures may suggest wider consideration across the retail space could be underway.

Democratizing AI for All: Transforming Your Operating Model to Support AI Adoption

Democratization puts AI into the hands of non-data scientists and makes artificial intelligence accessible to every area of an organization. With the emergence of enterprise AI platforms that automate and accelerate the lifecycle of an AI project, businesses can build, deploy, and manage AI applications to transform their products, services, and operations. But in order to reap the rewards that AI offers, it is essential that businesses first address how their organizations are set up, from their people to their processes. Democratizing AI through your organization requires more than just software. It may require changing your operation models and finding the right guidance to realize the full breadth of capabilities.

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,….

RippleNet Expands Operations In S. Korea-Thailand Remittance Corridor

PYMNTS

In the announcement, Emi Yoshikawa , vice president of corporate strategy and operations at Ripple, said that “the remittance corridors requiring high-performance payments to this region are growing exponentially — with people needing to send money round the clock, even on holidays or weekends.”.

Emlen Raises $4.2M Toward Netflix-Style B2B Operation

PYMNTS

Emlen, a Saarbrücken- and Berlin-based Software-as-a-Service (SaaS) startup, has closed a funding round for 3.6 million euros (about $4.2 million) and will use the capital create a “Netflix-like” B2B buyer experience, EU-Startups.com reported.

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.

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.

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.

NayaPay FinTech Gets License to Operate in Pakistan

PYMNTS

NayaPay has become the first electronic money institution (EMI) in Pakistan, after the company was granted commercial approval to operate by the country’s central bank, according to a company announcement Thursday (Sept.

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

Clover’s Grubhub Integration Alleviates Friction For Restaurant Operators

PYMNTS

With the acceleration of the digital shift touching every part of the restaurant business, many operators find themselves juggling a suite of incompatible tools and solutions.

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.

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.

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.

Travel Operators Try New Tactics To Lure Leisure Travelers

PYMNTS

The travel market is an unusual space to watch in terms of its recovery and how lopsided it is in many directions.

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.

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

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.

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

Bitcoin Daily: South African Crypto Exchange ICE3X Closes Operations

PYMNTS

South African cryptocurrency exchange ICE3X is closing down its operations almost a month after suspending deposits and trading when the platform discovered “discrepancies” in its Bitcoin and Litecoin holdings, according to a status update published Tuesday (April 6).

Travel Comparison Platform Trivago Streamlines Operations For Expansion

PYMNTS

Global online travel search platform Trivago is in the midst of revamping operations and cutting expenses for future expansion post-pandemic, CNBC reported. First-quarter results showed an operating loss of €8.9

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.

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.

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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Battery Ventures Invests In Two Business Financial Operations Cos.

PYMNTS

This vision provides a complete financial operations platform across business models: B2B, B2C; regardless of billing structure: fixed price, tiered, seat-based or events-based and any combination of the above.”.

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

Afterpay CFO Drives Operational Excellence Through Back-Office Modernization

PYMNTS

For Laura Nadler , migrating away from paper became mission-critical mere weeks after she stepped into the role of CFO at Afterpay ’s North America operations. We can bring our own strategic lens and our operational skills to helping our business partners.

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.

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?

New York orders crypto lenders to close operations in state

American Banker

Regulation and compliance Cryptocurrencies

NestEgg: Why 2020 Changed Property Owners' Payment Operations For Good

PYMNTS

Larger entities within the space may have an advantage over smaller players when it comes to adjusting how they operate in this expanding digital environment, however.

East Africa’s Pesapal Can Operate In Kenya, Tanzania After Getting Approvals

PYMNTS

Pesapal partners with banks, mobile network operators and credit card companies to give its customers as many payment options as possible.”.

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.