Remove 2024 Remove Risk Management Remove Streamline Operations
article thumbnail

AI Regulations for Financial Services: OCC

Perficient Digital Transformation

As noted at the time 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.

article thumbnail

Unlocking the Full Potential of Outsourced Accounting

NoonDalton

As the business landscape becomes increasingly competitive, companies of all sizes are searching for ways to streamline operations, reduce costs, and focus on core activities that drive growth. In 2024, accounting continues to lead the charge as the most outsourced business function among small businesses in the U.S.,

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Battle Unfolds: MGAs as the Next Frontier for InsurTechs, Services, and Technology Providers

Everest Group

The MGA market is undergoing substantial transformations fueled by the desire to invest in tech, data, and AI to build robust risk selection and underwriting capabilities and foster good carrier relationships. To discuss this topic further, please reach out to Vanshika.notani@everestgrp.com and Vigitesh.tewary@everestgrp.com.

article thumbnail

Generative AI (gen AI’s) DEIB Dilemma: How ignoring Inclusion can be costly for businesses

Everest Group

This is the first of a new series of blogs, with plenty more to come in 2024 and 2025!

Retail 52
article thumbnail

What Are Contract Management Systems And Why Is It Important?

Obobo

As the business environment grows increasingly complex, the importance of contract management systems cannot be overstated. By centralizing and automating contract management processes, organizations can streamline operations, mitigate risk, and improve their bottom line.

article thumbnail

A digital edge for financial services: Navigating cybersecurity in the era of the Digital Operational Resilience Act (DORA)

Capgemini

In addition, proactive threat mitigation, robust risk management frameworks, and diligent third-party risk management are essential to DORA compliance. DORA explicitly refers to ICT risk and sets rules on ICT risk-management, incident reporting, operational resilience testing and ICT third-party risk monitoring.