The financial industry is evolving at an unprecedented pace. Regulatory frameworks are becoming more complex, customer expectations are shifting and financial risks are emerging in new and unexpected ways. Because of this, relying on outdated risk management systems is no longer sustainable. Banks must adopt data-driven strategies to remain competitive
UK banks are under growing pressure to manage risks more effectively, whether from economic shifts, technological advances or geopolitical uncertainty. The Bank of England’s Prudential Regulation Authority (PRA) sent a letter to the CEOs of UK deposit holders outlining its supervisory priorities for 2025. The letter sets expectations for stronger
AI and automation – often referred to as hyperautomation – are evolving rapidly with industry experts emphasizing their increasing ability to operate independently and make intelligent decisions. By combining powerful generative AI with business expertise, organizations can accelerate and streamline their processes like never before. I recently sat down with Mayank
There is no question that organizations worldwide are increasing their investment in AI. There is also little doubt that AI is starting to impact many different sectors. The health care and life sciences sectors are no exception, with many organizations investing in new technology. The real issue is how to
We all know by now that customer experience (CX) is pivotal to any organization's success. Providing seamless, secure, personalized interactions across all customer touchpoints can be transformative. To achieve this, organizations must move beyond siloed functions such as fraud detection and credit risk management, integrating these critical areas with broader
In most countries, the government sector isn’t the first place people look for technological innovation or the rapid adoption of a proven technology. However, governments everywhere are increasingly under pressure to be more productive and to get better value for taxpayers’ money. Many private sector organizations are looking to AI
To stay ahead, organizations must thrive rather than compete. Demand forecasting is one of the most critical tools in this pursuit. Organizations that excel at demand forecasting have a clear edge, whether anticipating customer needs or managing supply chain disruptions. By predicting what customers want and when they’ll want it, companies can
The global hype cycle of AI, driven in large part by ChatGPT, is dying down and real-world artificial intelligence (AI) adoption and application are taking hold. Early adopters are reaping rewards, and AI leaders are driving significant change in their business models. Banking as a sector was quick to grasp
Investment in AI is an obvious target for the insurance sector. Insurers have always been interested in technology that helps detect and prevent fraud and improve underwriting efficiency while speeding processes and reducing – or at least not increasing – costs. But what is the reality in this highly regulated
The global decline in bee populations has raised alarms worldwide, and Europe is no exception. Almost 30% of European bee species are at risk of extinction, prompting a wave of initiatives to safeguard these crucial pollinators. One such initiative is the Beehive Project, spearheaded by Daan Bijkerk, a data scientist
