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Cleareye.ai: Simplify Banking

siliconindia–Banks are struggling to adapt to the new normal in the post COVID era. With more customers shifting their focus to digital channels, it has become essential for banks to address this demand spike. Further, operationally they are struggling with regulatory compliance and risk management as model issues have emerged in every aspect of a bank’s operations. To this end, banks need to rightly digitize their legacy platforms by addressing the challenges of information silos that make data-intensive AI solutions ineffective, complex mash-up of banking platforms, ever evolving regulatory mandates and compliance needs, to name a few. Also, the situation highlights the requirement of an efficient partner who has the experience and expertise to transform banks’ operations.

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For the past few months, America has been waiting for a new COVID relief package. On Dec. 20, negotiators finally agreed upon a $900 billion package with $320 billion going towards the PPP (Paycheck Protection Program) for small business. The…

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Technology is evolving so quickly that anyone with the title Architect can feel overwhelmed when it comes to deciding what to choose and how long the choice is going to last. This isn’t going to change anytime soon, and here…

The pandemic has hit businesses hard. With so many in need of assistance, the federal government and SBA are offering low interest and forgivable loans to small business owners. The PPP (Paycheck Protection Program) is one of the most popular…

According to the world economic forum more than 25% of a company’s market share is directly linked to its reputation. Reputation matters to all organisations, but very few have a plan to address reputation risks. There is no industry standard…

Major changes are coming to the finance industry worldwide as regulators are pushing for banks to move away from LIBOR (London Interbank Offered Rate). This is potentially the largest ever fundamental change that the finance industry has had to deal…

LIBOR is London Interbank Offered Rate, the benchmark rate in nearly $350 Trillion worth financial products contracts worldwide. Financial institutions have to completely transition away from LIBOR by the end of 2021. SOFR (secured overnight financing rate) has been developed…

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