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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

They understand your sector’s challenges, regulations, and best practices, ensuring more efficient and compliant service delivery. Ensure the outsourcing company adheres to international data protection regulations, maintains strict security protocols, and undergoes regular security audits.

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Is Outsourcing Offshore Right for You? Pros and Cons

Magellan Solutions

Businesses need to strategize and be well-informed before making this decision. It provides the insights to make informed decisions aligned with your business goals. Increased Efficiency and Productivity Offshore outsourcing providers often have well-established processes and technologies to streamline operations.

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AI in commerce: Essential use cases for B2B and B2C

IBM Business Partners

They can provide valuable insights and forecasts to inform organizational decision-making in omnichannel commerce, enabling businesses to make more informed and data-driven decisions. Meanwhile, 43% are using the technology to inform strategic decisions. AI models analyze vast amounts of data quickly and accurately.

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How Outsourcing Payroll can keep a business compliant and Reduces Risks

Paysquare

Managing payroll efficiently and ensuring compliance with ever-changing regulations are crucial aspects of running a successful business. However, the complexities and intricacies of payroll processing can be overwhelming, leading to increased risks and potential compliance issues.

Payroll 52
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Market Recommendations for Global Payroll in 2023

Immedus

The report notes that, ultimately, application leaders must “balance hyper-automation, integration, emerging technology trends, and risk management” in their selection process. Current Market Trends in Global Payroll Organizations are taking greater efforts to streamline their payroll processing operations.

Payroll 52
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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

Various value chain elements performed by MGAs include marketing, sales, distribution, underwriting, policy issuance, claims handling, policy review, customer services, risk management, policyholder communication, and renewal management.