CIO Business Intelligence

DECEMBER 8, 2024

This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services. Machine learning algorithms will enable the bank to analyze customer data and offer tailored financial solutions based on individual needs and preferences.

Banking 246

Banking Artificial Intelligence Financial Mobile 246

CIO Business Intelligence

NOVEMBER 22, 2024

To that end, the financial information and analytics firm is developing APIs and examining all methods for “connecting your data to large memory models.” As experts in financial services and commodity markets, there must be standard evaluation methods, he said.

Airlines 340

Airlines LAN Travel Financial 340

CIO Business Intelligence

DECEMBER 23, 2024

IT leaders had to learn to show a return on investment on everything they do and drive meaningful business outcomes, says Sathish Muthukrishnan, chief information and digital officer with Ally Financial. Thats why they should be highly integrated and partner with the business and the business functions.

Strategy 336

Strategy Engineering Change Management Tools 336

CIO Business Intelligence

OCTOBER 15, 2024

This alignment ensures that technology investments and projects directly contribute to achieving business goals, such as market expansion, product innovation, customer satisfaction, operational efficiency, and financial performance. These principles directly influence the organization’s culture and strategic moves.

Strategy 334

Strategy Fractional CTO Analysis Banking 334

CIO Business Intelligence

FEBRUARY 11, 2025

Technology leaders in the financial services sector constantly struggle with the daily challenges of balancing cost, performance, and security the constant demand for high availability means that even a minor system outage could lead to significant financial and reputational losses.

Architecture 259

Architecture Financial Enterprise Enterprise 259

CIO Business Intelligence

NOVEMBER 21, 2024

For instance, CIOs in industries like financial services need to monitor how competitors leverage AI for fraud detection or offer personalized services to inform their IT strategies. CIOs can ensure that IT supports and drives key business outcomes by translating business strategies into clear technology roadmaps.

Strategy 305

Strategy Agile Financial Artificial Intelligence 305

CIO Business Intelligence

SEPTEMBER 10, 2024

The center will focus on pioneering AI-driven solutions to tackle pressing global challenges, especially within the digital and financial ecosystems. Mastercard’s expertise in digital payments and cybersecurity, combined with AI, will help create a secure and resilient financial ecosystem.

Financial 289

Financial Government Artificial Intelligence Strategy 289

CIO Business Intelligence

NOVEMBER 7, 2024

The layoff announcement sounded unusual in that it was mentioned within an otherwise glowing financial report. The timing of these layoffs, coinciding with strong financial performance, suggests a strategic shift rather than a response to financial distress. When you think of efficiency, you think of automation,” Cintron said.

Financial 290

Financial Programming Resources System 290

CIO Business Intelligence

OCTOBER 30, 2024

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

Enterprise 349

Enterprise Enterprise Architecture Survey 349

CIO Business Intelligence

MARCH 4, 2025

But it was financial services, media, manufacturing, industrials, and engineering that saw the biggest surges in China-linked intrusions last year 200-300% growth rates compared to 2023. Overall, the number of intrusions and new Chinese cyber espionage groups grew across the board.

Industry 330

Industry Malware Telecommunications Groups 330

CIO Business Intelligence

FEBRUARY 19, 2025

Software development was also the area where financial services firms see highest productivity improvements, according to a 2024 survey by Bain & Company. Our salespeople go out to meet with financial advisors, says Baker. Thats exactly what SS&C, a financial services and healthcare technology company, is doing with gen AI.

Survey 344

Survey Software Development Development Research 344

CIO Business Intelligence

OCTOBER 10, 2024

Lastly, in order to match SaaS management with more general financial and operational objectives, cooperation across finance, procurement, IT, and business divisions is essential. To obtain insight into SaaS usage, automate license management, and save expenses, organisations can also make use of specific SaaS management solutions.

Licensing 289

Licensing Cloud Enterprise Enterprise 289

CIO Business Intelligence

NOVEMBER 20, 2024

Since Meta licenses each of its AI models separately there’s nothing stopping it from lowering that threshold for future versions to bring more applications for the software under its control or demanding financial compensation for broader usage licenses.

Groups 328

Groups Open Source Licensing Social 328

CIO Business Intelligence

FEBRUARY 27, 2025

The pace of that change has accelerated exponentially, in large part because of external factors: The market changes 2008-2009 was tough for financial services. The financial services industry keeps our economy running. Its even enhanced how I view financial services and the role we play. Also, the industry has purpose.

Banking 262

Banking Industry Financial Video 262

CIO Business Intelligence

MARCH 12, 2025

By contrast, in some large financial services firms, the role of FinOps has broadened. Tigran Khrimian, chief technology engineering officer at the Financial Industry Regulatory Authority (FINRA), says he started developing best practices in 2014. Most FinOps principles have been applied to technology financials as a whole, he adds.

Cloud 300

Cloud Tools Engineering Financial 300

CIO Business Intelligence

JANUARY 23, 2025

FinOps automation is essential for reducing cloud costs and improving financial accountability. The experiences of Intuit and Roku serve as valuable examples of how effective FinOps automation practices can lead to improved financial performance and operational efficiency. Contact us today to learn more.

Cloud 287

Cloud Engineering Financial Tools 287

CIO Business Intelligence

NOVEMBER 18, 2024

The effectiveness of AI depends on the quality of the processed Data and competence in dealing with the technology,” explains Alexander Schroff, Financial Services Leach DACH at the consulting firm Publicis Sapient. Among laggards, only 70% think so.

Banking 353

Banking Budget Study Survey 353

CIO Business Intelligence

NOVEMBER 28, 2024

Here are key attributes of those who embody this new standard in order to succeed in the current multifaceted business environment. Courage and the ability to manage risk In the past, implementing bold technological ideas required substantial financial investment.

Government 325

Government Programming Data Survey 325

CIO Business Intelligence

NOVEMBER 8, 2024

Businesses will need to identify and implement the right strategy to combat those potential vulnerabilities while also accounting for a variety of new regulations, like the EU’s Digital Operational Resilience Act (DORA) or the Payment Card Industry Data Security Standard v4.0 (PCI PCI DSS v4.0).

Security 261

Security Financial Strategy System 261

CIO Business Intelligence

NOVEMBER 5, 2024

As more AI innovations come to market, financial institutions can leverage the technology for enhanced services, increased efficiency, and new ways to deliver and manage products. Companies and teams need to continue testing and learning. Explore differing AI operating models to find the one that best suits their needs.

CTO 330

CTO Artificial Intelligence Examples B2B 330

CIO Business Intelligence

SEPTEMBER 10, 2024

Fusion Data Intelligence, which is an updated avatar of Fusion Analytics Warehouse, combines enterprise data, and ready-to-use analytics along with prebuilt AI and machine learning models to deliver business intelligence.

Oracle 357

Oracle Development Data Applications 357

CIO Business Intelligence

JANUARY 7, 2025

The good news is all major cloud providers frameworks do the same thing: Operational excellence Security Cost optimization Reliability Performance efficiency Sustainability The framework helps in implementing the financial controls (FinOps) that we will discuss separately, management of workloads (BaseOps) and security controls (SecOps).

Cloud 245

Cloud Strategy Architecture Enterprise 245

CIO Business Intelligence

JANUARY 24, 2025

So it was around 2017 when there were several brainstorming sessions about how to innovate, and they realized there was a need to better orchestrate and enable the flow of messages from one financial system to another.

Data 312

Data Banking System Financial 312

CIO Business Intelligence

DECEMBER 3, 2024

We work with them on some of Australia’s most pressing issues, from housing affordability to helping all Australians have stronger levels of financial well-being. As the CIO of Beyond Bank, I’m accountable for all aspects of technology, across the business: banking, tech and data and business intelligence.

Banking 256

Banking Financial Security Strategy 256

CIO Business Intelligence

MARCH 13, 2025

Introducing business intelligence required a great deal of change management work, because from a data use that wasnt very sophisticated and organized, and very do-it-yourself, we moved to a consistent and verified data warehouse, he says.

Change Management 294

Change Management Training Security Insurance 294

CIO Business Intelligence

MARCH 26, 2025

For example, AI can help ensure the systems of records of a particular client are consistent in all systems including CRM, contact center software, and financial applications. If somebody in telco runs a forecasting model, the variables, inputs, and results will be different than running the same model for financial forecasting, she says.

Data 322

Data CTO Applications System 322

CIO Business Intelligence

FEBRUARY 18, 2025

The reality is that IT budgets are large and financial management is not always a strength of technology teams. What I mean by that is financial planning and management at a strategic level. But a budget cut provides a great opportunity to explore ones spend across run and change operations.

Architecture 316

Architecture Enterprise Enterprise Budget 316

Network World

SEPTEMBER 13, 2024

Essentially, only companies in dire financial straits are likely to be cutting IT budgets. On the average, IT budgets will increase by 3%, which is a slight downturn from 4% in 2023 and 5% in 2022, but this year’s figures fall in line with previous budget plans in 2020 and 2021, according to Avasant.

Budget 456

Budget Network Security Disaster Recovery 456

CIO Business Intelligence

JANUARY 21, 2025

Well also examine strategies CIOs can use to address these challenges, ensuring their organizations can recognize the rewards of GenAI without compromising financial stability. This emphasizes the difficulty in justifying new technology investments without clear, tangible financial returns.

Budget 246

Budget Survey IBM Research 246

CIO Business Intelligence

FEBRUARY 21, 2025

According to the report, the implementation has fundamentally impacted the Councils financial management and its operations, forcing the council into a costly re-implementation phase that has more than doubled the projects original budget. Cost overruns and delays: where did it go wrong? Opposition leaders have been vocal in their criticism.

Oracle 227

Oracle Vendor Management Government System 227

CIO Business Intelligence

DECEMBER 18, 2024

In a recent TransUnion survey of call center organizations, nearly two-thirds of financial industry respondents claim the majority of ATOs originate in the call center. This method of account takeover (ATO) is becoming more common as attackers attempt to bypass existing security measures.

Authentication 246

Authentication Survey Video Social 246

CIO Business Intelligence

OCTOBER 23, 2024

Once a specific business use case for AI is identified, a thorough cost estimation should be conducted and compared against the anticipated business outcomes to ensure alignment and value. As a CIO, you need to understand your AI bill,” LeHong stressed.

Enterprise 353

Enterprise Enterprise Government Survey 353

CIO Business Intelligence

MARCH 4, 2025

But it was financial services, media, manufacturing, industrials, and engineering that saw the biggest surges in China-linked intrusions last year 200-300% growth rates compared to 2023. Overall, the number of intrusions and new Chinese cyber espionage groups grew across the board.

Industry 246

Industry Malware Telecommunications Groups 246

CIO Business Intelligence

NOVEMBER 18, 2024

“Tasks such as data analysis, machine learning, and predictive analytics require high performance, which Intel’s latest processors provide,” noted Bruno Domingues, CTO for Intel’s financial services industry practice. The faster data is processed, the quicker actionable insights can be generated.”

Data 279

Data Artificial Intelligence Intel Analysis 279

CIO Business Intelligence

FEBRUARY 27, 2025

Program managers can then have more time to focus on vendor management, financial planning, and executive-level communications. We also need to focus on measuring what matters and track more than financial outcomes. Prioritize user engagement, time to value, and retention.

Project Management 315

Project Management Agile Program Management Programming 315

CIO Business Intelligence

SEPTEMBER 17, 2024

According to the report, “quantum computing has moved beyond theoretical exploration and is now accessible through cloud platforms, enabling real-world business experiments. Now, as firms push their investment into artificial intelligence (AI), and more specifically generative AI, the focus shifts to simulating the future.

Trends 349

Trends Artificial Intelligence Report Research 349

CIO Business Intelligence

NOVEMBER 27, 2024

This type of data mismanagement not only results in financial loss but can damage a brand’s reputation. Examples include the 2008 breach of Société Générale , one of France’s largest banks, when an employee bypassed internal controls to make unauthorized trades, leading to billions of dollars lost. Data breaches are not the only concern.

Security 332

Security Government Artificial Intelligence Data 332