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,….

A Future-Ready Approach: Journey to the Cloud

Accenture

Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world.

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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.

Rho Technologies Unveils Corporate Card

PYMNTS

Fintech Rho Technologies announced on Thursday (May 13) by a press release emailed to PYMNTS that it is launching the Rho Card. In a statement provided by Rho, Mark Riskowitz, operations head at Caraway , a New York-based maker of cookware, said, “Rho has enabled Caraway’s expansion.

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.

Can Technology Save Bank Branches?

Bank Innovation

Corporate DataBank Mobile Online Open Fintech Operations Payments Premium Retail Bank of America DBS Bank HSBC SamsungPREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all. They do, but not for the same reasons as they […].

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. CFOs can serve as role models and champions and shape the impact that [technology] has within their own organizations,” she said. “We

Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. Now, a shift is under way in FIs’ operational units as the conversation turns to transforming legacy banks into “smarter banks.”.

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.”.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Industry-leading operators, as well as ambitious startups in the banking scene, […]. Cryptocurrency Innovations Lending Mobile Open Fintech Operations Sponsored Core Banking fintech innovation

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?

Report: Price Of Jumia Technologies Expected To Soar In 2021

PYMNTS

Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business reported. International Africa ecommerce international Jumia Technologies logistics News Retail Stocks What's Hot

Restaurants Turn To Technology To Offset Labor Shortage

PYMNTS

Accordingly, restaurants are investing in technologies that will help make operations more efficient, cutting back on the amount of labor needed overall. ResTech automation Digital Ordering Editors' Picks Innovation Mobile ordering News QSR Restaurants Technology

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 billion.

The Advantages of Utilizing Point-of-Sale Mobile Payment Technology

Mobile Payments Today

Any business can now conveniently accept mobile payments, which has become an invaluable part of many businesses’ services and operational workflow

The Struggles of Banks as Technology Companies

Bank Innovation

It's a common refrain from bank CEOs -- "My bank is a technology company." Exclusive Mobile Open Fintech Operations Premium Startups Green Dot JPMorgan Chase Stash UmpquaBut the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay. But some banks have taken it even farther. […].

Integrated technology: Unlocking operational alpha

Bobsguide

Although many firms may not realise the direct link between efficient operations and portfolio growth, the relationship and opportunity is clear. Marc Mallett, VP Product Management, SimCorp. An integrated platform based on a single source of truth, or an Investment Book of Record (IBOR), provides

PROS To Work On B2B eCommerce Operation Launches

PYMNTS

Nikita Melnikovs , member of the board at card payments technology company DECTA , said the rampant shift into digital commerce has led to some companies making mistakes like spending too much money on website development.

BMO’s Digital-First Transformation Unlocks Operational Efficiencies

PYMNTS

These operations are quantifiably more efficient: A recent study found that customers typically spend nine minutes to acquire a check from a bank teller, but only 40 seconds to complete the same task with a self-service kiosk.

Emerging Technologies, Services Drive Payment Rail Innovation

PYMNTS

That CU is now operational on the RTP Network for receive only, while it is linked in through Jack Henry & Associates’ JHA PayCenter. In March, Ripple revealed plans to purchase a 40 percent stake in Tranglo in a deal that highlights distributed ledger technology (DLT).

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. He added that he is eager to build on the company’s ideology to “drive new technology and innovation” and to be the “partner of choice.” .

Bank Boardrooms Are Increasingly Accepting of Technological Change

Bank Innovation

"Flexibility" is a commonly used term when it comes to innovation in banking and finance, but the typical bank boardroom hardly evokes the image of openness to technological change. Operations Premium Retail Wealth Management Citizens Access Citizens Bank SigFig tech spend TemenosMike Sha, co-founder and CEO of B2B software firm SigFig, told Bank Innovation he’s seeing a changing of the guard, or at least a softening of […].

Judge To Decide Whether Uber Can Operate In London

PYMNTS

As Uber Technologies Inc. Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November.

Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. The same holds true for Bamboo Asia, an establishment that operates throughout San Francisco’s financial district, said van de Rijt.

Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […]. Cryptocurrency Exclusive Innovations Online Open Fintech Operations Premium Blockchain Commerce Bank distributed ledger technology HSBC IBM Visa

Technology, Travel Sectors Discovering Upsides Of ‘Smart Receivables’ Strategy

PYMNTS

PYMNTS April 2021 Smart Receivables Playbook: How B2B Technology Firms Can Bring Seamless Payments To The Back Office , a Flywire collaboration, gets into the matter of transformation among tech firms whose own digital shifting isn’t quite up to snuff.

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. That focus has only grown amid the takeout- and delivery-only operational shifts due to COVID-19-related social-distancing efforts.

U.S. Bank Is Hiring An ‘Innovation Leader’ To Boost AI Operations

Bank Innovation

Corporate Exclusive Operations Security Technology AI Dominic Venturo innovation group machine learning US BankBank wants to revamp its Innovation group with a new artificial intelligence leader. The job posting is vigorous, to say the least. The new hire will be responsible for establishing an “Artificial Intelligence and Machine Learning practice within the U.S.

Airports Expand Range Of Digital Identity Technology

PYMNTS

Now, CLEAR's touchless technology is able to connect identity to health insights to help people feel confident walking back into the office.". Among the segments affected by the pandemic, air travel remains near the top of the list when it comes to industries that have been hard hit.

Midsize Banks Need To Have Technology Innovation to Stay Relevant

Bank Innovation

Banks need to update their legacy systems and modernize their technology, no surprise there. But just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. DataBank Innovations Lending Mobile Online Open Fintech Operations Premium Accenture artificial intelligence machine learning Robotics

Lessons from Distributed Ledger Technology and the Future of Banking

Bank Innovation

It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation. Innovations Mobile Online Open Fintech Operations Payments Retail Risk Sponsored bank of england Baton Systems distributed ledger technology

Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one.

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.