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Seven impacts Open Innovation can have on your bank!

mjvinnovation

It is no coincidence that the financial market, banks specifically, are among the most innovative. Keep reading to understand this movement and see what the main benefits of Open Banking are! Why are banks investing in Open Innovation? New technologies and new consumer behaviors are forcing banks to move.

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Overwhelmed, underwhelmed at the Web Summit, Lisbon

Paul Hobcraft

I am taking the opportunity to review the Web Summit, held in Lisbon last week of 5th (evening) to 8th November 2018. The Web Summit, originally Dublin Web Summit, is a technology conference held annually since 2009. The company was founded by Paddy Cosgrave, David Kelly, and Daire Hickey. Overhype is an understatement.

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Daniel Burrus’ Top 20 Tech-Driven Hard Trends Shaping 2017

Daniel Burrus

Artificial Intelligence (AI), Advanced Machine Learning and Cognitive Computing Applications. Advances in Machine Learning and AI, such as IBM’s Watson, coupled with networked intelligent sensors, will create a giant leap forward thanks to exponential advances in computing power, digital storage, and bandwidth.

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A better way: combining Design Thinking and Business Intelligence

mjvinnovation

Learn how to combine these forms of analysis and apply it in your business. Big Data: data analysis is what really matters. The available data is not only useful for outlining a consumer profile on the internet. to identify patterns in their users’ banking accounts. A new approach: BI and DT.

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A better way: combining Business Intelligence with Design Thinking

mjvinnovation

Learn how to combine these forms of analysis and apply it in your business. Big Data: data analysis is what really matters. The available data is not only useful for outlining a consumer profile on the internet. to identify patterns in their users’ banking accounts. A new approach: BI and DT.

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Advanced Analytics in HR: Applications and Examples

Acuvate

One way to reduce attrition is by using advanced analytics and NLP to harness the employee reviews data from employment websites like Glassdoor, Indeed, Comparably etc. Bank of America saves $15 million with retention analytics. And Bank of America was experiencing a similar problem with its call centres as well.

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Banking Transformation: Insights from Lloyds and Santander UK

Planview

With the holiday season in full swing and a global recession predicted sometime in the new year, banks remain committed to investing in modernized technology through digital banking transformation efforts vs. traditional cost-cutting routes. “Retail banking customers are expecting more from their banks.