The future of retail banking: Frictionless, personalized, cohesive

DXC

Following this year’s extraordinary events, our retail bank partners have been asking to rapidly implement contactless solutions that minimize touch points for customers. Current circumstances aside, research indicates that contactless is just one part of the future retail banking landscape.

The Digital Transformation of Wholesale Banking and its Future Trends

RapidValue

The global wholesale banking industry is evolving at an unprecedented pace, driven by technological advances and a more demanding customer base. Fortunately, new technology not only enables a customer experience that is more closely aligned with expectations but also helps bank back offices enjoy greater automation, efficiency, and cost savings. Banks that ignore legacy systems and focus only on the client-facing front-end systems can not be a part of true digital transformation.

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Wood & Huston Bank: A Love Story With Susie Thompson

Steve Farber

The post Wood & Huston Bank: A Love Story With Susie Thompson appeared first on Steve Farber. Podcast bank culture COPS program extreme leadership Extreme Leadership Methodology LEAP Wood & Huston Bank

A call to rethink the banking value chain

DXC

Banking & Capital Markets Digital Transformation Distinguished Technologists Platform api banking core banking fintech KYC platform value chainFinancial services is shifting to platforms for business functions and processes, and that’s a good thing. Moving from applications to Software as a Service (SaaS) and then to Platform as a Service (PaaS) can create new value chains.

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.

5 Ways Innovative Workflows Reduce Banking Errors

Docuphase

But it doesn’t work that way when banks make mistakes. Instead, you get PR disasters and dire news like the following recent headlines: Workflow Automation banking technologyMistakes happen. It’s a fact of life. We’ve even created language around our ability to own and wave off mistakes like “it happens to the best of us,” “it’s all good” and “no worries.”

DevOps Transformation at ABN AMRO Bank

Agile Alliance

How AI is Transforming Banks & Banking

Dataiku

Data has always been the foundation of the banking industry. What has changed in recent years, of course, is the amount of data available and the speed at which it is processed as well as the need to quickly respond to market changes. EnterpriseAI financial services Data Transformation

What Banks Can Learn From Disney

Teradata

Being the best bank isn't good enough! In order to win, the Bank of the Future needs to take a page from Big Tech’s playbook & use data to drive personalization of services

The resurgence of the Ursnif banking trojan

Darktrace

The Ursnif banking trojan attempts to blend into the network as legitimate Zoom and Webex activity, before trying to capture credentials. Earlier this month, the malware was automatically detected and neutralized by Darktrace’s AI

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.

Blockchain Set to Revolutionize Banking Sector

CTOvision

Read Pratip Biswas explain how blockchain technology can revolutionize the banking sector by using the Hyperledger on Dzone Blog : The banking sector forms the backbone of any economy. With the technology innovations making way into the arena, the banking sector has been moving away from traditional methods.

PSD2 & Open Banking guidance: Introduction

Akana

The post PSD2 & Open Banking guidance: Introduction appeared first on API Management Blog - Akana. API Management open banking PSD2First in a series of blogs covering PSD2 from a technical perspective and guidance on what your technical implementations could look like.

Is Your Bank Ready to Navigate the Open Banking Crossroads?

Newgen Software

What implications does open banking have and how prepared is your bank to adapt with these evolving technologies. The post Is Your Bank Ready to Navigate the Open Banking Crossroads? Related posts: Central Processing Centers: Adding New Dimensions to Banking Services. 5 Burning Technologies You Need to Become a Bank of the Future. Scaling of banking services using BPM- a best practice primer. Customers have Options, Banks don’t…. Banking

How AI is Revolutionizing the Banking Sector

CTOvision

Read Oliver Smith explain how artificial intelligence is revolutionizing the banking sector on Infosec Magazine : Artificial Intelligence (AI) is becoming ubiquitous in recent years and its uses are seen in every industry from health, to travel, to banking, to hospitality and finance. According to the IHS Markit’s “Artificial Intelligence in Banking” report, the global […].

Build or Buy an LMS? How to Pick the Right Solution for Your Budget

BUDGET. When it comes to picking your next LMS that six-letter word is probably the most important part of the decision-making process. So, what are your options to get the best possible eLearning solution without breaking the bank? Build it or buy it. This guide from Lambda’s eLearning experts details absolutely everything you need to consider so you can pick the perfect eLearning solution for your organization and budget.

DevOps Transformation at ABN AMRO Bank

Agile Alliance

Learning how to listen to the signals from inside of the organisation, learn, and adapt. PLEASE LOG IN To view this content must be a Member of the Agile Alliance. To become a Member, please visit our Membership Options. Experience Report member XP 2020 Video

Declutter Your Bank with Virtual Shared Services

Newgen Software

The post Declutter Your Bank with Virtual Shared Services appeared first on Newgen Software. Related posts: Central Processing Centers: Adding New Dimensions to Banking Services. Scaling of banking services using BPM- a best practice primer. Banking Shared Services Financial Shared Services Shared Service CentersKnow about the three aspects within your IT framework if you are looking to establish a virtual shared service center.

ECB– A lost central bank

CEO Insider

During the past two weeks, a storm has hit the European Central Bank (ECB). The minutes from the Governing Council meeting show that there is a growing dispute about the monetary policy set by one of the world’s most important central banks. Former and very high-ranking members of the Governing Council in a public memorandum, […]. CEO Insider

PSD2 & Open Banking: The technical implications

Akana

The post PSD2 & Open Banking: The technical implications appeared first on API Management Blog - Akana. API Management open banking PSD2The technical implications of complying to the PSD2 standard and how APIs can help.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

The 5 tech improvements banks and other financial institutions will need to maintain AML compliance

DXC

Banks have been focused on identifying and preventing money laundering and terrorist financing for about two decades, using both manpower and technology. While banks have worked to combat perpetrators’ increasingly sophisticated tactics, regulators have identified needed improvements in overall process management and end reporting. The major technology improvements required by banks and financial institutions to […].

Lloyds Banking Group

Teradata

Lloyds Banking Group executes analytic projects that benefit the customer journey for multiple brands within Lloyds Banking Group

Error'd: This Could Break the Bank!

The Daily WTF

"Sure, free for the first six months is great, but what exactly does happen when I hit month seven?" " Stuart L. wrote. . "In

Secure Bank Password

I'm Programmer

The post Secure Bank Password appeared first on I'm Programmer. Programming Funny Images Programming Jokes Get UserId and Password for Bank How Secure Is My Password? password security password security tips Password strength Secure Bank Password

Embracing open banking and API ecosystem

Hacker Earth Developers Blog

If implemented effectively, open banking will unlock innovation that will transform and improve the customer banking experience. Banking And Finance, Open Standards And Open Apis. Overview of open banking . How India’s largest bank leveraged developer ecosystem. Overview of open banking. Open banking is the result of PSD2, a conscious effort to promote competition in the retail banking sector to improve customer satisfaction.

Top Lessons for Banks from the COVID-19 Crisis

Newgen Software

The post Top Lessons for Banks from the COVID-19 Crisis appeared first on Newgen Software. Related posts: Customers have Options, Banks don’t…. Scrabble Strategy for Banks – Tips for Earning Customer Retention. Banks, Trusts, & FFIs – Best Practice Framework for FATCA Compliance. 3 Disruptive Ideas Banks Can Take from Tesla Model 3. 5 Takeaways for Banks from the Under-17 FIFA World Cup Final. Banking

Application of advanced analytics and machine learning in the banking industry

Hacker Earth Developers Blog

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Whether it is a bank, non-bank, or fintech, competing in the banking revolution comes down to how efficiently the available data can be used to solve business challenges and better serve the customers. Hence, leveraging banking data is no longer an ambitious technology project; it is a business imperative.

Nordea Bank

Teradata

Applying cognitive automation to keep pace with increasingly complex financial regulations and consumer expectations

Bank Trust, Cash-Out Change

General Leadership

Your effectiveness will depend on how much trust you have built within your organization – your trust bank. The core components of building your trust bank are integrity, transparency, regular interactions, and authenticity. The core components of building your trust bank are integrity, transparency, regular interactions, and authenticity. The post Bank Trust, Cash-Out Change appeared first on General Leadership. Trust is the glue of life.

Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. In this blog, we specifically examine “Blockchain – Distributed Shared Ledger Technology” and its application in business process management in the banking and finance sector. Benefits of Blockchain in banking. Source: Banking on Blockchain. Intra-bank cross-border payments.

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

CTOvision

Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017, currently […].

Critical Banking Technologies for the 2020s

IDC

Which technologies are most important during the rapid transformation of the banking industry of the next decade? Find out with IDC's Jerry Silva. Industry cloud digital transformation Financial Insights

Four disruptive technologies for Banking in 2019

Trigent

In the brave new world of banking and financial services, technology has become the key to a locker filled with goodies. As a result, it is not impossible to imagine a future where opening a bank or a financial company is as simple as connecting an appliance. In that world, a robot could guide an investor on the best possible options or you could walk into a bank manned by robot tellers. Scalable Technology banking fintech

PSD2 & Open Banking guidance: Introduction

Akana

The post PSD2 & Open Banking guidance: Introduction appeared first on API Management Blog - Akana. API Management open banking PSD2First in a series of blogs covering PSD2 from a technical perspective and guidance on what your technical implementations could look like.

One Bank’s Path for Moving Deep Legacy Infrastructure into Cloud Native Operations

The New Stack

The New Stack Analysts · When The Deep Legacy Infrastructure of a Bank Goes Cloud Native. The adoption of cloud native tools and technologies to help meet the international banking sector’s legal and regulatory requirements required more openness about its requirements, said Lieberman.