Analytics is the new big buzzword in today’s fast-paced business world, and for good reason.
In today’s digital world, fast decision making is king, and banks are finding that being able to automate their operations is a critical tool in competing for more market share.
Banks need to create even stronger AI strategies in the near future in order to deal with the rapidly changing regulatory environment and customer demand.
Let’s take a look at a few of the most important ways banks are using analytics to improve their operations and stay competitive.
Banks need to act now to prepare for changes in accounting standards that will impact how allowances for credit losses are recognized and measured.
Big data had a big year in 2016. Several key trends emerged, some in line with predictions made at the beginning of the year and some unexpected developments.