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5 ways GenAI is transforming financial planning for banks

CIO

McKinsey estimates that AI—and generative AI in particular— could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% AI can adapt quickly to new regulations and continuously monitor changes to maintain compliance. of total industry revenues.

Banking 162
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations

CIO

This approach has significantly enhanced the customer banking experience. As we expand our retail and corporate presence across the Middle East, Asia, and Africa, data residency compliance is a key focus. At Mashreq, we are redefining traditional banking by always placing our customers at the forefront of our operations.

Banking 130
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 299
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1033 Open Banking Mandate Blueprint for Success

Perficient

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule § 1033.121(c) supporting open banking and personal financial data rights. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data.

Banking 52
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1033 Open Banking Mandate Blueprint for Success

Perficient

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule § 1033.121(c) supporting open banking and personal financial data rights. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data.

Banking 52
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Embracing SRE: Your Bank's Path to DORA Compliance and Operational Excellence

Coforge

The banking industry has undergone a significant transformation, driven by digital innovation. To meet the rising expectations of customers and maintain operational excellence, banks should embrace Site Reliability Engineering (SRE). By adopting SRE, banks can enhance system reliability, improve performance, and streamline operations.

Banking 52
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Nigerian YC-backed startup Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform

TechCrunch

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. As such, banking-as-a-service platforms see an opportunity to provide more personalized services and flexibility at less cost.

Banking 232