article thumbnail

US banks Q3 results shine light on financial services innovation

Info Source

For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency. per share, a net interest margin at 22.7 percent, and a revenue of $18.389 billion [1].

article thumbnail

Enterprise Architecture: Secrets to Success

erwin

operating strategy, global business services and shared services)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., This will take time and skill, as many business users simply ask for system changes without clearly stating their actual objectives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Modernizing mainframe applications with a boost from generative AI

IBM Big Data Hub

IBM watsonx Code Assistant for Z looks across long-running program code bases to understand the intended business logic of the system. By decoupling commands and data, such as discrete processes, the solution refactors the COBOL code into modular business service components. Transformation.

article thumbnail

Now available: open-source drivers for IBM Db2 Connect

Rocket Software

Many global banking and financial services organizations as well as major airlines and manufacturing facilities around the world are expanding their mainframes’ capabilities using open source solutions, enabling them to reduce costs and improve efficiency while maintaining high performance.

article thumbnail

5 Ways You Can Get More from Your Terminal Emulator

Rocket Software

According to research by Aberdeen, the industries with the strongest need for terminal emulation are business services (accounting, HR and consulting, for example), manufacturing, retail, education, healthcare, finance and insurance. Improve experiences.

Retail 52
article thumbnail

How to Enhance IAM by Adding Layers of Zero Trust

eSecurity Planet

An IAM tool compares access attempts against stored credentials to determine if a user is who they say they are. While no single vendor can give your business an all-encompassing zero trust solution, there are providers who offer specific products to address facets of zero trust. Kolide is one such provider.

Access 56
article thumbnail

NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500.