Blog

Business
Insights that
drive results

Posts tagged with "machine learning"

04/25/2018

Integrated Receivables: Go to Market Considerations for Three Vertical Industries

You’re not alone if your financial institution is in the midst of looking into an integrated receivables (IR) solution to offer your business clients. Everyone is jumping on the bandwagon. According to Aite Group, within the next two years, banks should have their IR solution providers selected and solutions implemented. Integrated Receivables solutions offer a mountain…

Read More >

02/22/2018

Data Analysis and Machine Learning Causing Evolution in Direct Marketing

Direct marketing can get a bad rap, even in the banking industry, which, according to the Data & Marketing Association (DMA), is still the heaviest user of it. We’ve even heard from clients and prospects who have the perception that consumers don’t like it or that it’s not effective anymore. More and more consumers are…

Read More >

02/20/2018

What Toy Stores Can Tell Banks about AI’s Influence on Future Customer Expectations

Artificial intelligence really is a double-edged sword, isn’t it? Our society views this technology with equal parts fear and fascination. Using machine-learning algorithms to analyze the unique genetic make up of a cancerous tumor and predict the best drug therapies is fascinating. But headlines that claim robots will steal a good chunk of jobs in the…

Read More >

09/26/2017

Using Machine Learning to Maximize Customer Acquisition and Retention

Two mothers sit on a park bench, watching their offspring on the playground. Mom No. 1 observes to Mom No. 2, “Your son is very intelligent.” Mom No. 2 sighs, shakes her head and responds, “Yeah, but he’s not interested in learning.” This vignette perfectly encapsulates the relationship between artificial intelligence (AI) and machine learning….

Read More >

08/30/2017

Will faster payments hit a wall?

The Federal Reserve Faster Payments Task Force has published their final report, which was the collaborative effort of over 300 industry participants. The key take-away from the 64-page report was a call to action for US financial institutions to be capable of receiving a faster payment by the year 2020. Given the short period of…

Read More >

05/09/2017

Steal the Spotlight: How Regional Banks Can Stand Out in a Crowded Banking Market

Five years ago, small banks were beating up on the big banks. That is no longer the case. The crowded banking market is a competitive landscape. Regional banks encounter additional obstacles when seeking their fair share of the lime light, which is often focused on their larger counterparts. Simply put, larger banks have the scale…

Read More >

04/11/2017

How Some Corporations Untangled Their AR Processes For Good

A corporation’s life-line lives in receivables management. A business’s ability to effectively apply and forecast cash, manage credit lines, alternative funding sources and resolve deductions has a significant impact on its liquidity and risk management. Today there are many outside influences that can complicate the receivables life-line. The proliferation of new payment channels and payment…

Read More >