Brain Walker, Author at B2Bdaily.com

Robotic Process Automation In Fintech

How Are AI Updates in NetSuite EPM Transforming Finance Teams?

Oracle NetSuite’s recent launch of AI-powered updates to its Enterprise Performance Management (EPM) system is making waves within the finance community. Designed to streamline financial processes, these enhancements aim to save time, improve accuracy, and uncover new strategic opportunities, fundamentally transforming how finance teams operate. The Need for AI in Financial Management Finance teams traditionally spend hours manually gathering and

September 13, 2024

Robotic Process Automation In Fintech

How Will AI Transform Finance Teams by 2026 Without Job Cuts?

The widespread adoption of artificial intelligence (AI) technologies within finance departments is on track to see a significant rise. Research forecasts that by 2026, a remarkable 90% of finance functions will integrate at least one AI-enabled technology solution. Despite this anticipated high adoption rate, it is predicted fewer than 10% of these finance departments will reduce their workforce, suggesting that

September 13, 2024

Robotic Process Automation In Fintech

Automating Knowledge Work to Revolutionize Financial Services

The financial services industry stands on the brink of a transformative revolution driven by knowledge work automation. As vast volumes of data continuously flood financial institutions, firms find themselves grappling with inefficiencies and potential errors stemming from manual processes. The advent of innovative automation technologies offers a compelling solution, promising unparalleled productivity and operational efficiency. In this context, the whitepaper

September 12, 2024

Robotic Process Automation In Fintech

How is Artificial Intelligence Transforming the Financial Industry?

The world of finance is undergoing a dynamic transformation, with artificial intelligence (AI) at the helm. Financial institutions are leveraging AI to drive efficiency, innovation, and customer satisfaction across various processes. From fraud detection and risk assessment to customer service and investment advisory, AI technologies are increasingly becoming integral to the operations of banks, investment firms, and insurance companies. The

September 12, 2024

Robotic Process Automation In Fintech

Will AI Transform Finance Functions Without Cutting Jobs by 2026?

Artificial intelligence (AI) is rapidly transforming the way businesses operate, and the finance sector is no exception. By 2026, 90% of finance functions will utilize at least one AI-enabled technology solution. However, despite this significant digital shift, less than 10% of these functions are expected to experience headcount reductions due to AI implementation. This article delves into the potential of

September 12, 2024

Robotic Process Automation In Fintech

How Is AI Transforming Customer Service at Jaja Finance?

In an era where customer service efficiency is paramount, Jaja Finance has set a new benchmark by integrating an AI assistant named Airi to drastically reduce response times. It’s no small feat that the fintech company has managed to cut these times by an astonishing 90%, a number that has surpassed their initial goal of a 65% reduction. Airi, built

September 12, 2024

Robotic Process Automation In Fintech

Maximizing AI in Banking: Strategic Approaches for Real Impact

Banking is experiencing a transformative shift powered by the adoption of artificial intelligence (AI). As a critical driver of efficiency, personalization, and risk management, AI holds immense potential for banks seeking to stay competitive. However, realizing AI’s full potential requires careful thought and strategic implementation. In this comprehensive guide, we explore methodologies for banks to effectively harness AI technology, addressing

September 11, 2024

Robotic Process Automation In Fintech

Finance Functions Embrace AI: Adoption Rates Soar and Optimism Grows

The world of finance is undergoing a transformative shift, with Artificial Intelligence (AI) playing a pivotal role in this evolution. The adoption of AI in finance functions has seen a significant increase between 2023 and 2024, highlighting a major shift in how financial operations are conducted. This article delves into the current state of AI in finance, showcasing the dramatic

September 11, 2024

Robotic Process Automation In Fintech

Are Banks Truly Ready to Fully Harness the Power of Generative AI?

In recent years, the banking and lending sectors have experienced a notable surge in the adoption of artificial intelligence (AI) technologies. However, the journey towards fully harnessing AI’s potential, particularly generative AI (GenAI), is fraught with both enthusiasm and trepidation. Rising Adoption with Limited Utilization A significant 80% of financial institutions have begun implementing AI, signaling widespread initial adoption. Despite

September 11, 2024

Embedded Finance

Big Tech and Banks Unite: Shaping Future of Embedded Finance

The financial landscape is undergoing a significant transformation, driven by the integration of financial services into everyday digital platforms. This phenomenon, known as embedded finance, is poised to reshape how businesses and consumers interact with financial services. As technology giants and traditional banks join forces, the implications for the future of finance are profound. Financial services, traditionally confined to specialized

September 11, 2024

Robotic Process Automation In Fintech

Navigating AI Advances and Ethical Practices in Public Finance

Artificial intelligence is reshaping industries across the globe, and public finance is no exception. The technology offers unprecedented opportunities to enhance efficiency, streamline decision-making processes, and bolster accountability. The promise of AI in public finance includes automating mundane tasks, gleaning insights from extensive datasets, and simulating complex financial determinations. However, the integration of AI into public finance is not without

September 10, 2024

Robotic Process Automation In Fintech

How Has Close Brothers Enhanced RPA with Advanced Document Understanding?

Close Brothers, a well-established UK-based merchant banking group, undertook a transformative journey to enhance its Robotic Process Automation (RPA) initiatives. Initially focused on structured, rules-based processes, the challenges brought forth by the COVID-19 pandemic prompted the organization to incorporate Document Understanding capabilities. This shift enabled them to tackle unstructured input such as emails and documents, ultimately revolutionizing their process automation

September 10, 2024