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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient Digital Transformation

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device. Cloud computing makes data more accessible, cheaper, and scalable.

Banking 115
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Identifying Automation Opportunities for Retail Banking

Automation Anywhere

The retail banking industry is faced with significant challenges to achieve optimal operational efficiency and profitability while providing the highest level of customer satisfaction. Retail banks offer a wide variety of products, including consumer loans, credit cards, and checking and savings accounts.

Retail 98
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5 Best Areas for Automation in Finance

Automation Anywhere

Reporting errors and/or delays can result in significant scrutiny from regulators and investors. Robotic Process Automation (RPA) has been driving greater efficiency, accuracy, and compliance in finance departments for several years. RPA can improve operational efficiency, timeliness, and accuracy by automating these manual steps.

Finance 145
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6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient Digital Transformation

This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. The Role of Regulatory Risk and Compliance 1.

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Understanding the Internet of Things (IoT) and Its Connection to Automation

Automation Anywhere

The advantages of automation in IoT Automation offers many advantages to your business processes using IoT. When your business processes are automated, there are no time restrictions, so your business can run around the clock. Increased uptime Uptime refers to how long your business is open or running.

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Strategies to Kickstart Process Improvements in Banking

Automation Anywhere

FortressIQ is now part of Automation Anywhere, and its offering is now our process intelligence product FortressIQ. The lines between banks and banking are blurring more and more. Traditional banking and financial services firms have been slow to react. Transformation is also not a one-time exercise.

Banking 98
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The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

Blockchain technology promises to transform banking, financial services, and FinTechs by enhancing the digital customer experience while lowering costs and reducing data risks in a secure environment. In recent years, blockchain adoption has increased in banking and financial services and the emerging FinTech industry.

Banking 98