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Top financial services trends of 2024

IBM Services

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape.

Service 51
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Data protection strategy: Key components and best practices

IBM Business Partners

Most data protection strategies now have traditional data protection measures, like data backups and restore functions, as well as business continuity and disaster recovery (BCDR) plans, such as disaster recovery as a service (DRaaS). Data risk management To protect their data, organizations first need to know their risks.

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Process Intelligence for Operational Resilience in Financial Services

Automation Anywhere

FortressIQ is now part of Automation Anywhere, and its offering is now our process intelligence product FortressIQ The Covid-19 pandemic has exacerbated operational risks while increasing economic and business uncertainty. Capturing this level of detail, at scale, is a daunting task even for smaller FSIs.

Service 90
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AI-Powered Statutory Compliance Solution Revolutionizing the Relationship Between Government and Business

Paysquare

By implementing AI-powered tools like natural language processing and machine learning algorithms, compliance processes have become manageable, precise, and streamlined, and also save resources and time for both. It revolutionizes traditional processes by automating tasks and enhancing accuracy.

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Market Direction For Payroll Technology Transformation

Immedus

As a result, global payroll services and technology are evolving to accommodate global shifts in work. Optimally, businesses should integrate payroll with HR, Finance, and Workforce Management systems to achieve the greatest return on these investments.

Payroll 52
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Tech Solutions Outsourcing: Driving Innovation and Efficiency

NoonDalton

This trend isn’t just about delegating routine tasks; it’s about embracing external expertise to drive innovation and streamline operations. Historical Context and Evolution The journey of outsourcing in technology began in the late 20th century when businesses started to outsource simple data processing tasks overseas.

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AI and Automation: The Future of Data Processing and BPO

Offshore India Data Entry

For BPO service providers, integrating the latest AI and automation tools and techniques is critical for managing large-scale client projects and scaling operations rapidly. Machine learning algorithms can quickly replicate repetitive human tasks to categorize and analyze real-time data sets.

BPO 64