182 Results from 2023, /predictions
Chirag Shah Founder and CEO at Pulse
Small and medium-sized enterprises (SMEs) are the backbone of the UK economy. According to a recent report by the British Business Bank, they account for 99.9% of all businesses in Britain. Yet, they only receive 20% of all bank lending. That’s a telling statistic as it means that many are suffering from cash flow challenges or missing out on grow...
12 September 2023 /predictions Banking and Lending Solutions
The banking and lending sector has changed beyond recognition over the last decade alone. A key enabler for this has been technology, specifically fintech. Whereas previously, you had to go into your local high street branch to check your balance, make a payment or apply for a bank loan, now almost everything can be done online. That has been made ...
12 September 2023 /retail /predictions Customer Service 2015-2019-2025
David Bomser Head of U.S. Core Banking & Mortgage at SAP Fioneer
More than fifty years ago, SAP pioneered the concept of Enterprise Resource Planning (ERP) for manufacturing. The concept was simple: a single platform with a single data model to support shared services (i.e., HR, Finance, Procurement) and core business functionality (i.e., Planning, Operations, Inventory, etc.). The concept took off, especially...
08 September 2023 /cloud /predictions Banking and Lending Solutions
Ernesto Funes Founding Partner at Stratio BD
The finance industry is more reliant than ever on efficient technological performance. Recent years witnessed a goldrush to digital systems and platforms as finance businesses sought to modernise and outperform the competition. The Market Research Reports Service predicts that the global digital banking market will be worth USD 19.2 billion by 202...
07 September 2023 /regulation /predictions Fintech
Sheridon Glenn Global VP, Strategic Markets & Initiatives at Guidewire
I have previously discussed how insurers are now able to build a more accurate and holistic view of their portfolios, and we have also looked at the technologies available to them as they work towards the levels of data maturity and automation needed to fully achieve this. But what do insurers do with this capability once they have it? The insura...
30 August 2023 /predictions Digital Insurance Trends
Ravishankar Poonjolai Consulting Partner at TCS
Our generation is witness to the emerging power of current game-changer Generative AI (GenAI), which is a deep learning technique of Artificial Intelligence within Machine Language umbrella. It’s a thriving baby with Large Language Models (LLMs) as foundation, which itself is a convergence of neural network models, made commercially available now ...
17 August 2023 /wealth /predictions Capital Markets Technology
Retired Member
In the face of a slowing economy, soaring inflation rates and ever-evolving regulation, the Fintech sector finds itself at a crucial juncture. Balancing the need to adapt to changing market demands and technological advancements while tackling significant setbacks poses a formidable challenge for decision-makers. To shed light on the current state...
16 August 2023 /people /predictions
Steve Morgan Banking Industry Market Lead at Pegasystems
In the fast-paced world of modern banking, seamless, efficient, and compliant transaction processing is now a requirement to operate effectively, particularly when it comes to meeting regulatory compliance requirements. Over the last few decades, Straight Through Processing (STP) has emerged as a game-changer, allowing banks to automate end-to-end...
15 August 2023 /devops /predictions Banking Strategy, Digital and Transformation
Oliver Tearle Head of Technology Innovation at The ai Corporation
Generative AI (such as OpenAI's ChatGPT) has generated an explosion of interest as numerous sectors have started understanding its unique capabilities for generating content based on simple prompts. There is much discussion about whether this new generation of AI will replace many skilled jobs, and at a basic level, it seems capable of doing so - ...
10 August 2023 /crime /predictions Artificial Intelligence and Financial Services
Alister Sneddon Head of Product - Invest at CMC Invest
While it may seem to some that AI has suddenly burst onto the scene, it was born in the 20th century and has been evolving ever since. The release of ChatGPT and Bing’s chatbot this year marked a significant growth in AI’s power, particularly for Large Language Models (LLMs), which learn faster - with less data and training required. In previous y...
02 August 2023 /predictions Artificial Intelligence and Financial Services
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