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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

Banking 52
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How Scotiabank is implementing AI for greater customer retention

CIO Business Intelligence

As one of Canada’s Big Five banks, the Bank of Nova Scotia is taking an approach to data, analytics, and AI intended to better understand and serve customers, said Grace Lee, its chief data and analytics officer. The bank has about 90,000 employees and assets of about $1.2

Banking 137
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The hybrid approach: Get the best of both mainframe and cloud

CIO Business Intelligence

For any business looking to effectively modernize, a hybrid approach to cloud and mainframe infrastructure can help tap into the best of both worlds. Modernize without breaking the bank One of the most important considerations for businesses weighing a move to the cloud comes down to costs.

Cloud 104
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New CIO appointments in India, 2022

CIO Business Intelligence

Vakrangee, a Mumbai-based provider of banking and e-governance services, has appointed Prashanth Thakur as senior vice president and head of technology and digital. At Vakrangee, he will be responsible for managing the technology stack, automation, tech operations and digitization of key businesses in the organization. January 2022.

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Sovereign Cloud: A Rising Customer Priority

CIO Business Intelligence

The UK government initiated ‘Open Banking’ in 2017 to increase competition in retail banking. 2 Collaboration between banks, third parties, and technical providers use a secure and regulated framework to protect sensitive data. Small Business For smaller businesses, complying with data sovereignty requirements can be daunting.

Cloud 52
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Data as a service: Top vendors offering data on tap

CIO Business Intelligence

In the past, the scores themselves were rather mysterious and hidden, but lately banks and credit card companies are sharing the scores directly with customers in an effort to encourage better behavior. Tracking the growth and development of every small business in the world is not easy.

Data 126
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Investing in IT careers pays off at Capital One

CIO Business Intelligence

These teams run like a “small business,” says Eason. “It This emphasis has “actually brought in a lot of senior leaders from other tech companies that wanted to be broader in some of those leadership skills and Capital One has that brand within the marketplace, not just for banks, but for the overall country.