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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient Digital Transformation

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

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Banking, Financial Services & Insurance Outsourcing to Hit $277B

SourceFit

The global banking, financial services and insurance (BFSI) outsourcing market is expected to be worth more than $277 billion by 2020, according to a recent report released by Technavio. North America, led by the United States, was one of the biggest consumers of outsourced services in 2015. Reference: – [link].

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16 Practical IT Support Strategies That Saves Money

31 West

Consider cloud server support or outsourcing help desk services as examples – these are not only cost-effective solutions but also significant shifts in operational thinking that enable you to take your company to the next level. So, how does one navigate the landscape of IT support strategies to clinch those savings?

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Unleashing IT Industry Growth Potential with Asset-Based Business Models | Blog

Everest Group

With slowed IT industry growth, service providers can drive momentum with asset-based business models that center on delivering services built on digital products and platforms or monetizing the platforms and assets themselves. Service provider leaders are grappling to help the IT industry find new avenues of growth.

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Unleash growth through cloud & big data

Infosys Consulting

It is also estimated that approximately 90% of organizations are already utilizing cloud services on some level, and we can expect this to inch closer towards full enterprise adoption in the coming years. For example: AXA – AXA used ML to forecast high-loss scenarios, aiming to reduce costs and improve pricing.

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Automating The Finance Function: The Future of Finance

Planergy Software

Every time you upload a receipt to your expense management app, deposit a check on your bank’s online platform, chat with a virtual assistant, or type a search term into Google, you’re using a form of intelligent automation. Financial services companies have also been using intelligent automation for years. Streamlines operations.

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Rallying troops against cybercrime with QRadar SIEM

IBM Services

Here come the MSSPs This is where Managed Security Service Providers (MSSPs) come into the picture. Armed with domain expertise and provisions of scalability (hence cost effectiveness), they offer a better return on investment to the businesses that may not have expansive budgets for security.