Remove Agile Remove Analytics Remove Banking Remove Business Analytics
article thumbnail

CECL Compliance – Time it right

Newgen Software

The rider on the CECL Compliance mandate – banks need to maintain reserves for all loan types, impaired or not. ALLL estimation is what is driving the banking industry into a frenzy. CECL Compliance: Getting down to the nuts and bolts Implementation of CECL Compliance for public banks is expected by 2018 and for private banks by 2020.

article thumbnail

Listening to the Customer in the 21st Century: It’s All About Data

Cloudera

A Mckinsey study shows that customer-centric banks outperform peers, delivering 55% higher returns. The most innovative companies use data and analytics to offer appropriate products and services. The focus on customer experience is a critical component to a bank’s digital transformation strategy. Sample Customer Successes .

Data 72
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You can no longer afford time amnesia in your software systems.

The Agile Monkey

It’s not the same to say “the order has been updated” as saying “the order has been paid,” the second statement is way more relevant from a business analytics point of view. was originally published in The Agile Monkeys’ Journey on Medium, where people are continuing the conversation by highlighting and responding to this story.

article thumbnail

Analyst One Announces Top Analytical Technologies List

CTOvision

In March 2011 Businessweek quoted Cloudera’s Mike Olson describing a “Cambrian explosion” of corporate analytical technology. They deliver on the promise of Hadoop and Big Data, by providing a collaborative and intuitive visual environment for teams to quickly create and deploy analytics workflows and predictive models.

article thumbnail

2020 Data Impact Award Winner Spotlight: OVO (PT VISIONET INTERNASIONAL)

Cloudera

This category recognizes organizations whose IT administration provides the agility a business requires, without putting the business at risk, and embraces a pattern of technology adoption that prioritizes speed. How are they able to be resilient in the face of extreme conditions?

Data 74
article thumbnail

Five Trends for the Financial Services Industry to Track in 2021

Cloudera

Deloitte emphasizes that going forward, financial services will need to have “greater focus on agility and efficiency, flattening hierarchies, speeding up decision-making, empowering staff, creating flexible work environments.” To compete effectively, banks need to adapt an experience-first (not product) approach.

article thumbnail

Making the Best of a New Winning Relationship – Robotic Process Automation & Business Process Management

Newgen Software

Enter Business Process Management (BPM), one of the key enablers for implementing digital transformation and helping it scale across the enterprise. BPM is a deliberate holistic approach that looks in-depth and critically at a company’s existing business processes in order to streamline them for maximum agility and efficiency.