Oct 21, 2021 Complimentary Webinar: Because traditional model development methods are time-consuming, tedious, and subject to user error and bias, it is important to have a more robust framework for minimizing model risk that delivers compliance with MRM (model risk management) regulations. AI and machine learning can systematically automate fundamental model validation tasks, such as
Oct 21, 2021 Like all businesses during the pandemic, banks and financial institutions are facing numerous challenges — one of the biggest being the increased difficulty in accurately predicting the evolution of their businesses when new patterns and indicators emerge daily in this volatile global market. The good news is that AI can make a
Oct 21, 2021 Financial services organizations are at a unique place and time in their evolution, as the potential for AI grows by the day. Across the highly regulated industry, banking is facing major challenges and must orchestrate a trusted view of data for compliance and operationalization to enhance performance, lower costs, improve scalability and
Life doesn’t always take us in the direction we expect. That’s why we support programs like upReach, which help students like Chris change their career perspective.
There are millions of digital products around us, but most of them do not have their own face, and have no story, all of which makes them boring and confusing. How can we change this situation? Unfortunately, there are no magical killer features to do so, as others may think. It is more important for
The reason U.S. Bank partners with clients to build their digital bridge is simple: connect progress with possibility, and accelerate business strategy.
Having already swept through numerous industries around the world, the sustainability revolution is now taking the banking sector by storm. Each day brings new announcements from banks, fintechs and solution providers. The sustainability trend presents the banking industry with unique opportunities to deepen customer relationships and, at the same time, is challenging players to innovate
The coronavirus pandemic is one of the most challenging crises the world has faced, significantly impacting public health, the economy and businesses at large. The pandemic has also brought to light the finance industry’s understanding that climate change may upend the financial system. This underscores the urgency for the industry to facilitate the transition to
What’s BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orchestration for customer attention by banks and nonbanks. But the industry has yet to land on an authoritative definition of
The COVID-19 pandemic resulted in unprecedented supply-and-demand shocks, not only increasing the uncertainty of the economic outlook, but also affecting the financial and operational capacity of manufacturing and supply systems. From lower cash reserves and higher administrative costs to capital disruption and lack of traditional sources of financing, in addition to a confluence of economic,
Telephone banking and chatbots unsurprisingly proved popular for customers during the pandemic because of how they allowed them to interact with people at their bank in a safe and convenient way. Research from GlobalData found that from 2017 to 2020, the number of active telephone banking customers almost doubled, and mobile usage saw a 15
Innovation in the financial services sector is thriving and a new trend is fast approaching. It has less to do with core banking technologies and much more to do with integrating tech services. This is the rise of banking marketplaces: one of the latest and most prominent innovations in banking. Read More
