Atlanta-based iLumen Inc. has released further details of its iMonitor automation system for customer lending data gathering and analysis. Currently in evaluation at several U.S. institutions, iMonitor will provide regular, up-to-date snapshots of lending operations and uses a proprietary data-mapping engine to standardize and map data input, conduct analysis and perform benchmarking. Full-scale rollout of iMonitor is scheduled for the third quarter of this year.
Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...
The criticality of sanctions to the armoury of international relations has been amplified over the past decade as geopolitical and trade tensions have intensified. Since Russia’s annexation of Crimea in 2014 and its attempted full-scale invasion of Ukraine in 2022, governments around the world have increased sanctions on nations and entities by 700%, according to...
Now in its 2nd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.
The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...