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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?

Change 52
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Future Banking: what will bank agencies look like in the future?

mjvinnovation

It is impossible to talk about the future of banks without first mentioning the last major transformation in the sector, caused by fintechs. With a natural opening of a new phase in the banking sector, the role of financial agencies in the future of consumption needs to be rethought. Mobile Banking: the future and present of branches.

Agile 52
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The Revolution is Here: Generative AI and Project Management

Planview

In its conventional sense, project management has been marked by rigorous methods and stringent controls. But in the wake of generative AI technology, we’re on the brink of a transformative change in how projects are managed. This post details a sampling of the technology transforming project management today and its advantages.

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Intentionality and the Differentiating Competitive Advantage 

Planview

Last month, Planview released the inaugural 2023 Project to Product State of the Industry Report , and it is well worth the read. Fresh off the pain of my poor Boilermakers loss in the NCAA tournament, I reflect on what a startling competitive disadvantage you’re at if your competitor can score buckets at three times your team’s speed.

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How banks can build customer loyalty through design

mjvinnovation

These changes in user consumption behavior must always be on your radar, for banks and other financial institutions. He no longer has time to go to the bank to manage his account or hire a service, nor does he want to sit down and listen to a broker talk about all the benefits of his insurance. Automation of services.

Design 59
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Application of advanced analytics and machine learning in the banking industry

hackerearth

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Whether it is a bank, non-bank, or fintech, competing in the banking revolution comes down to how efficiently the available data can be used to solve business challenges and better serve the customers.

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FinTech and Machine Learning

IdeaScale

According to Fortune Magazine, some of the top financial technology trends for 2017 are consumer trust, buying behavior, mobile banking, blockchain, cybersecurity, and access. And machine learning could be applied towards many of those already (for example: using data to optimize for consumer buying behavior).