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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.

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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.

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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 most innovative companies use data and analytics to offer appropriate products and services.

Data 68
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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 71
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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.

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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.

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United Bank Limited optimizes its data analytics with the Cloudera Data Platform (CDP)

Cloudera

United Bank Limited (UBL), a Pakistani banking and financial services leader, serves over 11 million customers nationwide and operates 1,338 branches and 1,445 ATMs, along with its branchless banking proposition (combination ATM and online banking). Analytics for everyone.

Banking 76