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Driving the Future of Wealth Management

Perficient

Wealth management is evolving rapidly, driven by generational shifts, changing advisor roles, new business models, regulatory demands, and a growing preference for low-cost passive products. Next, we migrated data to a new AWS-hosted client reference database powered by Apache Glue and DynamoDB.

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Human-in-the-loop: Enhancing AI in AML/CFT software for competent case management

Abrigo

DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring. Human-in-the-loop refers to the collaboration between AI systems and human experts, ensuring that machines do not operate in isolation.

Software 195
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Qualcomm Rolls Out Reference Design For Bluetooth Headset With Alexa

PYMNTS

Qualcomm Technologies, a unit of chipmaker Qualcomm, announced Tuesday (October 23) the launch of a Bluetooth smart headset reference design featuring push-button activation support for Alexa users of Android phones with the Alexa app installed. The reference design is available now, noted Qualcomm Technologies.

Software 122
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A disruptive innovation appears

Chris Skinner

I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors.

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AI Regulations for Financial Services: OCC

Perficient

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Hsu highlighted that each phase requires different risk management strategies and controls.

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Best Banking Books To Create The Modern Banker

South State Correspondent

To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites. These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. It’s research-based, with a good buzz out in management circles.

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OCC Comptroller Offers Regulatory Guidance Toward AI

Perficient

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust. The evolution of electronic trading provides a valuable case study to consider.