I recently wrote a white paper for XBP Europe, which you can download (see later). It’s all about how to be fit for the future and digital transformation, my usual subjects. Just to give a taste of the paper, here’s a small extract: The obvious answer is to digitise the corporation. The harder question is:……

I recently wrote a white paper for XBP Europe, which you can download (see later). It’s all about how to be fit for the future and digital transformation, my usual subjects. Just to give a taste of the paper, here’s a small extract: The obvious answer is to digitise the corporation. The harder question is:……

I recently wrote a white paper for XBP Europe, which you can download (see later). It’s all about how to be fit for the future and digital transformation, my usual subjects. Just to give a taste of the paper, here’s a small extract: The obvious answer is to digitise the corporation. The harder question is:……

Financial institutions are looking to AI to streamline daily tasks.   “Thirty-five percent of banks are already utilizing AI in some way, shape or form, and that’s expected to double before the end of 2024,” Kevin Green, chief operating officer for AI-driven financial service platform Hapax, tells Bank Automation News on this episode of “The Buzz”…

JPMorgan Chase is reaping rewards in know-your-customer operations from deployment of AI.  The bank processed 155,000 know-your-customer (KYC) files in 2022, using 3,000 people to accomplish the task.   “By the end of next year, we will process 230,000 files with 20% less of the people. It’s an increase in productivity between 80% to 90%,” Chief…

I found a great interview the other day with Bella Hoare, a partner and director at the world’s oldest privately owned bank, C Hoare and Co. The bank has been run by the Hoare family for 12 generations, and was originally set up as a goldsmiths by Richard Hoare in Cheapside in 1672. Almost twenty……

Things we’re reading today include … JPMorgan highlight work-life balance for juniors after death of Bank of America associate (fnlondon.com) ANZ app down: App and internet banking not working due to major outage | Daily Mail New York reaches $2bn settlement with crypto lender Genesis over fraud claims | Cryptocurrencies | The Guardian ‘The Beginning……

Small business clients looking to make data-driven business decisions within their operations don’t always know how to tap into their data, but JPMorgan Chase has created a solution to deliver these insights.  “Eighty-two percent of small businesses tell us that they want to use data, and they’re likely to use data in their business decision-making…

Most financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined with AI.   Three-quarters of banks are not operationally ready for open banking, according to the 2024 Digital Banking Experience Report released May 16 by Sopra Banking’s IT services provider, Sopra Steria. Along with Forrester,…

Ever since Trov, the real-time insurance firm, appeared on the scene, I’ve been wondering what else could real-time finance do. If you are not aware, Trōv allows you to insure a smartphone or laptop or anything else you value for hours, even minutes. The company no longer exists – it was acquired by Travelers Insurance……