Banking technology: striking the right balance of configuration capability
Why do so many financial institutions aspire to 100% configurable technology? In our experience, ...
AI & Machine Learning
Technology advancements such as Optical Character Recognition (OCR), Natural Language Processing (NLP), Artificial Intelligence (AI), and Machine Learning (ML) have changed the financial landscape. Changing customer expectations, fierce competition, increasing regulatory pressures and the strain to improve operational efficiency has seen the industry force itself into a reactive process where speed to market became even more vital for survival. Below we provide some thoughts and insights on emerging technologies impacting financial services.
It is impossible to discuss the role of AI in financial services without highlighting that 2020 was hugely disrupted by COVID-19 and the ripple effect is expected to last for years. Financial Institutions digital transformation strategies previously defined for 2020 quickly unravelled, exposing the inefficiencies to react and respond quickly when the pandemic gripped the world at an unprecedented speed. The reality is AI is encountered by most people from morning until night.
Why do so many financial institutions aspire to 100% configurable technology? In our experience, ...
If you’re still processing account applications manually, with no option for digital ...
Brokers account for 70% of home loans according to recent data reported by the Mortgage & ...
As consumers we expect businesses to be easy to deal with. We all have an idea of what technology ...
The goal posts continue to shift in the home lending market as global trends re-shape consumer ...
The term Open Banking started to gain notoriety in 2016 as a direct result of the UK’s Competitions ...
As big data becomes a fact of life for both consumers and banks, it introduces new avenues for creating revenue streams...
In the first half of 2021, Australians have experienced a major bottleneck in loan application approvals...
STP, powered by AI and ML isn’t just going to take the manual element out of loan applications. It’s going to help us turn open banking into an opportunity...