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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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Achieve Data Center Excellence with IBM and VMware

IBM Services

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

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

Everest Group

Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity. As insurance intermediaries that represent carriers, MGAs provide insurance products to retail agencies and insureds. Read on to learn more.

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AI in commerce: Essential use cases for B2B and B2C

IBM Business Partners

Disapproval of brands or retailers that use AI is as high as 38% among older generations, requiring businesses to work harder to gain their trust. Experience building strategies like these have been  used by online retailers for years. Generative AI’s impact on the social media landscape garners occasional bad press.

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Finance Digital Transformation: Preparing For The Digital Future

Planergy Software

For example, a retailer selling women’s clothing may use domain transformation to launch a rental service, so customers have the option to purchase an item or simply rent it. Today, most retail businesses use some form of data collection when interacting with their customers. What are some of the top trends of digital transformation?

Finance 52