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.
HSBC is to launch a Banking as a Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms. HSBC and Oracle NetSuite, one of the leading cloud Enterprise Resource Planning (ERP) systems with over 27,000 customers worldwide, are working together to provide international payments and expense management
To help organizations improve forecasting and make more strategic cash decisions, Oracle NetSuite today announced SuiteBanking. As the first unified suite that embeds fintech into cloud ERP, SuiteBanking helps customers automate key financial processes and gain full visibility into cash flow. By bringing together automated accounts payable and accounts receivable processes, SuiteBanking makes it fast
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
Pagaya Technologies Ltd., a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company. The new partnership will enable SoFi to broaden members’ access to its financial products. Pagaya’s proprietary artificial intelligence, technology and infrastructure
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
