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How Do Banks and Other Financial Institutions Benefit from AI

Smart Data Collective

AI is revolutionizing the banking and financial sector. Read this article to get to know why banks need to introduce AI-based solutions in their workflows—the faster the better. Banking is one of those industries that can earn or save billions of dollars thanks to AI. Compliance and Fraud Detection. Investment Valuation.

Banking 275
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The Omnichannel Shopping Experience: How to Address Customer Preferences

CIO

A critical step in creating a smooth journey is offering digital profiles that can be accessed by customers across multiple synchronous shopping channels. Digital profiles spare individuals (both in-store and online) from repeatedly having to input information. Nearly two-thirds (65%) of U.S. Nearly two-thirds (65%) of U.S.

Profiling 581
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AI adoption accelerates as enterprise PoCs show productivity gains

CIO

To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank. Webster Bank is following a similar strategy. “We want to maintain discipline and go deep.” On-time delivery has improved substantially,” she says.

Banking 808
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How to find and retain talent, according to CIOs

CIO

As discussed at IDC CIO Summit in Dubai, hiring and retaining talented profiles in technology has never been easy, but as the world of work continues to evolve and organizations shift to hybrid work models, new challenges and opportunities present themselves.

Banking 362
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How to incubate a winning innovation program

CIO

Retail, entertainment, music, and banking have largely moved online. They recognize that innovative use of technology is enabling new business models with competition-crushing advantages built right in. Behind the scenes, the company linked their customers’ Domino’s and Twitter profiles to enable this innovation. He should know.

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Lufthansa’s digital future takes flight with ‘Digital Hangar’

CIO

Banking on product-based IT To develop the next generation of customer services, Lufthansa’s Digital Hangar has adopted new business operating models popular among organization’s pursuing digital transformation, Spannbauer says. “We Experience is not only the cherry on the cake.”

Airline 723
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The 10 most in-demand IT jobs in finance

CIO

The push is part of an industrywide trend toward making banking more accessible by giving customers better access to savings accounts, investments, and loans through digital services, according to careers website Dice.com. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others.

Finance 617