ValueLabs’ Post

Survey results from Provenir indicate that as we look towards 2024, financial service providers and fintechs are grappling with risk decisioning challenges and customer management priorities. Interestingly, nearly half of them highlight difficulties in formulating and applying risk decisioning processes. Furthermore, almost 40% feel their credit risk decisioning is less effective, a stark contrast to the 83% confidence in 2022. This presents a substantial opportunity for enhancing credit decisioning accuracy and fairness. Check out the full report for more insights. #creditunions #financialinclusion #lending #lendingsolutions #creditrisk #creditunderwriting #aiforlending #memberexperience #automation #ai #credit #autofinance #enterprisesoftware #banking #accountmanagement #servicing

BaaS is currently being challenged and pressured as regulators understand that in a few cases, BaaS was simply "outsourcing core and regulated activities by a financial institution without the required controls" = this might be 1 of the top 5 NO NOs in banking. Banks will need to re-think and mainly re-develop the way they think about BaaS inside-out. Like every innovation, it starts with great solutions, and marketing and ends up with doing this right in the boring areas of operations, and compliance. Do it! but do it right. https://lnkd.in/dfNmCfHS? Shaul David Samantha Emery ברוך גסול Baruch Gasul Diana Tofan Izhar Arieli Leda Glyptis PhD Riaz Khan Itai Damti #BaaS #embeddedfinance

In the banking sector, keeping up with regulatory reporting can be daunting. But what if we told you that hyperautomation can alleviate the burden? Our use case explores how we successfully implemented automated regulatory reporting for the banking sector. This approach can be applied to all other industries and use cases, including sustainability and carbon footprint reporting. Check out the link below to learn more: https://lnkd.in/eYK8u6fD Can we help? let's connect. #cio #compliance #automation #reporting

#GenAI in #Payments Value Chain - Usecases for your reference.

Read about how Roq created "wonderful" time savings in our latest case study. https://buff.ly/4ei14Jb #Banking #Finance #BankingAndFinance #TestAutomation #Automation #Quality #QualityEngineering #Roq #LikeNoOther

Did you know LexisNexis Risk Solutions has a solution called Bankers Almanac who was first published in 1845?!? As you can imagine, a product like this has only survived the test of time with innovation and providing value to our customers. Banks, corporates and payment processors use Bankers Almanac Validate to facilitate secure instant payments and achieve exceptional straight-through processing rates, preventing operational delays and failed payment fees. In real time, the API verifies global payment information and auto-populates payments and routing data in over 200 countries. Easily integrate the API into customer and internal-facing payments channels to drive automation in payment journeys, so that you can: ■ Verify and enrich domestic and cross-border payment messages within ERP platforms. ■ Validate account details when onboarding new vendors and customers. ■ Check account details as they are entered into customer-facing platforms, such as website and apps. Learn more of how it works by clicking on the link below or reach out to me directly to provide a detailed demonstration. https://lnkd.in/d64t7qxw

In a constantly evolving business world, banking and financial institutions face a myriad of challenges. Economic fluctuations, changing customer demands, and regulatory changes are just a few of the obstacles that these entities must navigate. That's why gaining a deep understanding of contracts is crucial. At Icertis, we provide the tools for companies to unlock the true essence and elevated objectives embedded in each contract. Our mission is to enable organizations to foster trust, fortify relationships, and contribute to the advancement of a more prosperous world. #icertis #contractintelligence #banking #finance #clm #transformation

🚀 Elevate Your Banking Operations with Automation! 🚀 Are you a banking operations professional looking to streamline your payment disputes? Our latest guide is here to help you understand and implement compliance process automation effectively. 🌟 Why You Should Read This Guide: • Gain a comprehensive understanding of compliance process automation. • Discover the immediate benefits of moving from manual to automated systems. • Learn detailed steps to future-proof your compliance automation strategy. • Focus on key impact areas that matter most to your operations. • Dive into case studies from banks and credit unions that have successfully automated. Don’t miss out on this opportunity to revolutionize your operations. 📈 📥 Get Your Complete Guide Now: https://hubs.la/Q02JhLcb0 #Banking #Automation #Compliance #Fintech #BankingOperations #Efficiency #Innovation

#Banking and financial services companies need insight into their contracts, now more than ever.  Facing the combined headwinds of economic uncertainty, evolving customer expectations, and changing regulations, banks and financial services companies are under increased pressure from both competitive and compliance perspectives. At Icertis, we empower companies to realize the full intent and higher purpose of every contract, so they can build trust, strengthen bonds, and create a better world. Zoravar GillNarendra Rathi https://lnkd.in/dgJMGPdq