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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient Digital Transformation

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Banking 52
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Choosing Business Outsourcing Companies

Intugo

Risk Management: Assessing business outsourcing companies and their risk management strategies, contingency plans, and disaster recovery mechanisms is essential. Their ability to anticipate, mitigate, and manage risks safeguards your interests and ensures business continuity.

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Finance Digital Transformation: Preparing For The Digital Future

Planergy Software

This new digital strategy also uses predictive analysis to detect patterns, and predict outcomes, while offering better risk management capability. While you may run into some roadblocks such as dealing with non-digital suppliers and customers, adopting these initiatives can help you streamline operations across your entire business.

Finance 52