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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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Unlocking Enterprise Preparedness for T+1 Settlement: The Crucial Role of IT and Technology Services Providers | Blog

Everest Group

By partnering with IT and technology services providers, banks and financial institutions can prepare for the new T+1 settlement. This security trade rule change to shorten the order finalization date by a day is expected to enhance operational efficiencies and reduce risk. Let’s explore its ramifications further.

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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. Finance Financial organizations can enhance risk management, fraud detection, and compliance with the aid of big data and machine learning.

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How Outsourcing Payroll can keep a business compliant and Reduces Risks

Paysquare

Risk Mitigation: Managing payroll involves dealing with confidential employee information, such as social security numbers, bank account details, and salary data. Managing compliance and risks in-house requires careful attention to detail, extensive knowledge of regulations, and a commitment to data security.

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Finance Digital Transformation: Preparing For The Digital Future

Planergy Software

But before we talk about the impact that digital transformation can have on financial services, let’s take a look at what digital transformation is. If you’ve ever used a banking app or called your bank with a question or concern, you’ve been exposed to the benefits of digital transformation such as voice recognition and online check deposit.

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Accounts Payable: What Is It, Definition, Job Description, Process, and Software

Planergy Software

Accounts payable is the money a company owes to its suppliers for goods and services received on credit. Understanding Accounts Payable When a company purchases goods and services on credit, it records them as accounts payable because they are liable to pay the vendor later. Is Accounts Payabale a Liability or an Asset?