Current fraud trends in the financial sector

New technologies reshaping financial services Whether it’s financial transactions, customer experience, marketing of new products or channel distribution, technology has become the biggest driver of change in the financial services sector. Most financial institutions are therefore insisting on cashless and paperless transactions.

Spotlight

ACG Western Michigan

ACG is the place in Western Michigan to garner the knowledge and contacts to GROW middle-market and high-growth businesses. We are the only trade association in WM focused on this goal. ACG is where people who are serious about business go to connect, share and learn. Our meetings feature thought-provoking speakers who speak directly to the concerns of high-growth, middle market businesses. From effectively investing for growth to enhancing valuations and managing change, your concerns form our agendas. ACG is where local deals are discussed, dissected and, quite often, done. Simply put, ACG is business networking for grownups.

OTHER WHITEPAPERS
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Embedded Finance The Future of the Economy

whitePaper | November 26, 2019

Financial services is the nervous system of our economy; a critical system that needs to operate efficiently and equitably for our society to function. The legacy 20th century business models in finance have become increasingly obsolete and most have not adapted to the fundamental paradigm shift—technological, institutional and societal—ushered in by our continuing transition from an Industrial Age to an emerging Information Age.

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DATA SCIENCE, MACHINE LEARNING AND AI IN BANKING

whitePaper | December 22, 2019

Data has always been the foundation of the banking industry. What has changed in recent years, of course, is the amount of data available and the speed at which it is processed as well as the need to quickly respond to market changes. New technology gives banks the power to collect, store, and analyze exponentially more information than was imaginable not too long ago. In the wake of Fintech, banks already know that to succeed in today’s ecosystem, they must use this wealth data at a massive scale to continuously innovate.

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Real-Time Risk Management for Banking

whitePaper | February 21, 2020

Does a “regular” bank that does not deal in complex instruments still need real-time risk management? To date, banks have generally accepted having risk analyses available one or two days after the fact. And for years, they have made ends meet with this delayed risk insight. So why invest in something new? Why rock the boat?

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Video Banking: The Next Generation

whitePaper | October 21, 2021

Some might say Video Banking is already a "next-generation" technology, and in many ways it is. But even though using video to provide face-to-face communication with remote experts is a welcome addition to online banking, most deployments to date add little more than a trust element. We can still find much room to further improve the customer experience as it relates to video and digital banking, as we will demonstrate in this paper. Video Banking is a remote one-way or two-way connection between you and a bank representative working in a call center, branch office, or from home. There are several use cases for Video Banking, depending upon your location and need. A common Video Banking model is the Personal Teller Machine (PTM),calso called a Video Teller Machine (VTM). A PTM functions like ancautomated teller machine (ATM) outfitted with a built-in monitor, camera, microphone, and speakers to facilitate video interactions. That allows a connection with a remote banker to answer questions about transactions when you need help. PTMs often have the convenience of 24-hour service with remote bankers on a shift-based roster to cover the customer load.

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Australian CBDC Pilot for Digital Finance Innovation

whitePaper | September 26, 2022

The RBA is Australia’s central bank. Its duty is to contribute to the stability of the currency, full employment and the prosperity and welfare of the Australian people. It does this by conducting monetary policy to meet an agreed inflation target, works to maintain a stable financial system, acts as banker to the Australian Government, regulates the payments system and issues the nation’s currency. Over the past few years, the RBA has been exploring whether there is a role for a CBDC in Australia in the context of the RBA’s responsibilities for issuing the currency and overseeing the development of the payments system. The RBA is an industry partner of the DFCRC, and is using its involvement to support its research on CBDC.

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The Future of Financial Centres

whitePaper | June 30, 2022

The UAE is currently celebrating its Golden Jubilee. In a mere 50 years, the UAE and especially Dubai has earned an eminent place on the world map. Dubai has diversified away from hydrocarbons through progressive policies, proving that building a foundation that supports innovation can lead an economy to surpass geographical, time and age constraints.

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Spotlight

ACG Western Michigan

ACG is the place in Western Michigan to garner the knowledge and contacts to GROW middle-market and high-growth businesses. We are the only trade association in WM focused on this goal. ACG is where people who are serious about business go to connect, share and learn. Our meetings feature thought-provoking speakers who speak directly to the concerns of high-growth, middle market businesses. From effectively investing for growth to enhancing valuations and managing change, your concerns form our agendas. ACG is where local deals are discussed, dissected and, quite often, done. Simply put, ACG is business networking for grownups.

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