What Is Artificial intelligence (AI)?
Artificial intelligence (AI) is used in various aspects of our lives and every day we are surrounded by companies, technologies and devices that use AI. You unlock your phone using face recognition, social media personalises your feeds, spam emails are filtered from your inbox and banking systems determine if your latest purchases were fraudulent. 2020 will go down in history as a pivotal time for digital transformation. In 2021, what may have until recently felt new, exciting and progressive is now becoming the norm.
Are you constrained by existing technology investments to compete with digital competitors?
Innovation has always been a crucial part of lending throughout the ages. From the very first signs of civilization, lenders have leveraged best practices to survive and prosper in the evolving environment.
From Mesopotamia, to Greece and Ancient Rome, lending has been going through continuous transformation.
Today, lending institutions find themselves facing an arduous digital transformation challenge. But looking back at the past can often offer some explanation to the changes in the present, and where better to begin than in the cradle of human civilization?
Learn how SME Finance and Leasing Solutions are transforming lending
Access our On-Demand Webinar and learn how SME Finance and Leasing Solutions DAC are transforming lending for SME's, including a very insightful Q&A with Declan, Darren and Brian covering customer service, digital transformation, Covid-19 and Open Banking.
- Declan Roche SME Finance & Leasing
- Darren Greenyer Anchor Computer Systems
- Brian D'Arcy Luna Connect
- Growing a diversified loan book online
- Delivering high levels of customer service through digital channels
- Transforming operations with real-time reporting and analytics
- Reducing costs with automation and end-to-end integration
Learn how Carlow Credit Union are transforming lending
Access our On-Demand Webinar recording and listen to Siobhan Gray, Head of Lending, on how Carlow Credit Union are transforming through digital lending.
- Increasing lending to Members and Non-Members
- Building a Member and Non-Member experience through Digital Lending
- Transformation in Lending and Underwriting Management
- Emerging digital trends in loan (lending) origination
- Seamless Identify (Know Your Customer) Management
Data is changing our world and the way we live at an unprecedented rate, Experian’s 2020 Global Data Management report says "85% of organisations see data as their most valuable asset". The amount of data collected, stored and analysed daily is increasing exponentially, and technologies and storage capacities are becoming more advanced year by year. IDCs Data Age report forecasts 175 Zettabytes of data by 2025, if this was stored on DVDs, the stack of DVDs would circle Earth 222 times.However, data has no value unless information can be extracted and transformed into knowledge. Data Analytics uncovers meaningful and useful insights by discovering relationships within data, detecting patterns, and most importantly extracting insight.
Remote lending provides loans for Credit Union members during the coronavirus crisis
When talking to customers about Open Banking the two questions we get asked most frequently are 1) can I see it in action (does it really exist) 2) do I need to be a registered AISP. I'll be going through both of these in this post. If you haven't already read the other two posts in this series check them out here Practical Guide to Open Banking and PSD2 Part I: Lending, and here Practical Guide to Open Banking and PSD2 Part II: Are you ready?