David Villaseca Global Head of CX, Marketing & Sales at Oracle Financial Services Group
Millennials and Generation Z already represents 49,7% of U.S. population, which is a challenge for the ability to recruit, hire and train a diverse workforce for banks and insurance firms. Millennials & Gen Z in a transforming Financial Services industry Banks and insurance firms are fighting the war for talent - and nearly all major banks are
13 December 2019 /ai Digital Sales
Retired Member
Research from TABB Group earlier this year found that use of public cloud within financial services was poised to accelerate in 2019. These findings are reflected in our own recent survey[1] which found that 80% of European and North American asset managers will be using the cloud for data management by the end of 2020. It seems the cloud has well...
04 December 2019 /ai /cloud Artificial Intelligence and Financial Services
Westpac Bank in Australia is facing one of its gravest crises from systemic AML/CTF failures over a 5-year period that contravened the AML/CTF Act on over 23 million occasions. Heads are rolling at Westpac with resignation of the CEO and the retirement of the Chairman of the board. Expect more disciplinary action down the chain of command as the r...
02 December 2019 /ai /regulation Banking Regulations
Debbie Green VP of Applications at Oracle
The role of Chief Financial Officers (CFOs) has been completely reimagined in the last five to ten years. CFOs now have more responsibility and a wider remit for ensuring the success of the company. According to a recent McKinsey Company report, five functions other than finance now report to most CFOs: risk, regulatory compliance, M&A, IT and...
27 November 2019 /ai Finance 2.0
Much is made of the ability of Artificial Intelligence to improve business performance in many different ways and places in organisations. Financial Services as a sector is no stranger to these claims but remains some way off realising the full business benefit which the technology promises. One area of very high potential benefit which appears o...
26 November 2019 /ai /security Artificial Intelligence and Financial Services
Ivan Kot Solution Consultant at Itransition
With Siri one button away from telling us everything Google has to offer, and Alexa making smart homes more accessible than ever, it’s transparent how artificial intelligence and voice technology in particular have helped transform our personal lives. It only seems right that the next big step is voice-controlled banking. Wouldn’t it be nifty to ...
25 November 2019 /ai
Hani Hagras Chief Science Officer at Temenos
The US financial regulator announced earlier this month that it has opened an investigation into claims of gender discrimination by Apple Card. Apple’s own co-founder, Steve Wozniak, tweeted that algorithms used to set credit limits are inherently biased against women. This comes at a time when banks and other lenders are increasingly using machin...
22 November 2019 /ai Artificial Intelligence and Financial Services
Ron Cogburn CEO at Exela Technologies
“Science, my lad, is made up of mistakes, but they are mistakes which it is useful to make, because they lead little by little to the truth,” wrote Jules Verne. This is a reprint from my recent article for the Forbes Technology Council I’ve been in the field of automation long enough to see that many of the most impressive advancements are still...
21 November 2019 /ai Artificial Intelligence and Financial Services
Jose Pierre CEO at Marketware International, Inc.
The use of Artificial Intelligence (AI) is expanding and continually changing. The power of AI to accumulate considerable amounts of data for analytics, speech recognition, visual perception, learning, reasoning, inference, planning, decision-making is unlimited. The technological disruptions in this new age of rapid business transformation hav...
18 November 2019 /ai Open Innovation Ecosystems
Finance teams are integral and essential to the smooth running of any business. It’s no longer as simple as responsibility over regulatory compliance, financial reporting, payroll, and public interest – but so much more. The role of the finance team is beginning to increase in scope, and this means that finance professionals are beginning to be co...
15 November 2019 /ai Finance 2.0
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.