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Change the Bank: banking industry rules are changing

mjvinnovation

We have already mentioned the importance of the cycle of Run the Bank to Change of Bank and how urgent it is to monitor these transitions to remain competitive. Open Banking is a game-changer that alters the entire configuration of the banking sector. Why then, is there still resistance to Changing the Bank?

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Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. What is Open Banking.

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Top 5 Digital transformation use cases for the BFSI industry

Acuvate

“Digital banking,” “super apps,” “hyper-personalization,” “customer experience,” and “agility” — are the terms redefining the BFSI industry today. Additionally, even though banks invest large sums of money in contact centers for handling inbound customer queries, a majority of these calls are generic and repetitive.

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Advanced Analytics in HR: Applications and Examples

Acuvate

The HR team can assess whether the existing resources can be trained to plug the identified competency gaps, or whether new talent with those competencies need to be hired. Job postings, recruiting, onboarding and training are some significant expenses of losing employees and replacing them. Personalizing training programmes.

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Data Science: Why and How do you Invest in Data?

mjvinnovation

With the growth of the Internet, the Internet of Things and the exponential increase in the volumes of data produced, there was a flood of new information – or Big Data. The specific benefits of Data Science vary depending on the purpose of the company and the market segment in which it operates.

Data 40
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How a Big Data Strategy Can Fight Insurance Fraud

mjvinnovation

At the same time, insurers have also understood that they need a Big Data strategy for various purposes. Continue reading and understand how Big Data can help insurers avoid headaches and financial damage! What is Big Data. ” Real Time Big Data. ” Real Time Big Data.

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

Daniel Burrus

Big Data and the use of High Speed Data Analytics. Big Data is a term that describes the technologies and techniques used to capture and utilize exponentially increasing streams of data. Separating good data from bad data will also become a rapidly growing service.

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