Remove solutions loan-servicing
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Why cloud evolution needs a cohesive approach to succeed

CIO

This is what Mobicule Technologies , an independent software vendor (ISV) in fintech, realised as they expanded their client base in India’s financial services industry. Loan management simplified Large banks have tens of thousands of loan customers.

Banking 680
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Step 1 to becoming a business-savvy CIO

CIO

So, if the bank sees that too many of its loans are defaulting, resulting in losses, how much would an AI-driven loan decisioning software be able to help? How much would a flexible IT infrastructure that enables the company to subscribe or unsubscribe to cloud services as needed, paying only for what it needs, help?

Business 672
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Atos calls for help after plan to raise new capital falters

CIO

French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. billion loan for another six months, the first of two allowed extensions, but it needs a longer-term solution.

Capital 617
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Atos staves off bankruptcy, casts wider net for refinancing

CIO

Atos may have won a few extra months to find a long-term solution to its financial problems after reaching interim agreements with banks, bondholders, and the French government to provide €450 million (US$490 million) in additional liquidity. Managed IT Services, Technology Industry

Loss 646
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Banking on customer experience and security via technology-based innovation

CIO

Quick loan approvals, online applications, personalized lending options, and massive data breaches create pressure for banks to focus on customer experience and security to compete with more technically mature and agile competition. Banks recognize that using AI at scale can accelerate and streamline internal processes and regulatory checks.

Banking 617
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MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO

Speaking at Mobile World Congress 2024 in Barcelona, Jason Cao, Huawei’s CEO of Digital Finance BU, acknowledged that digital financial services are “booming” and that the rise of open architecture as well as emerging technologies like generative AI will have an impact on key fields in the industry such as financial engagement and credit loans.

Banking 354
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CIOs weigh where to place AI bets — and how to de-risk them

CIO

The bank is now working these proof-of-concept (POC) initiatives: intelligent search for internal productivity, automation with gen AI capabilities to assist in syndicated commercial loan workflows, and customer attrition prediction. AI tools rely on the data in use in these solutions. We have cost triggers for the compute services.