To gain that crucial competitive edge, banks and financial service companies need to implement an innovative digital strategy that includes digitization of the pricing process.
Banks need to step away from building in-house financial solutions and instead assemble a range of consumer-driven financial management tools to leverage Banking as a Service (BaaS) and maximize growth opportunities.
Executive leaders who want to know where the future of finance lies need only look to the changes taking place in the heart of America’s financial services industry.
With a variety of routes to choose from, and each one likely to impact the financial institution in its own particular fashion, banking leaders must ensure they strategize wisely over which direction they want to take their organization.
Let’s take a look at some reasons why banks need to fully adopt innovative practices.
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.