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Financial Services

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Banking and insurance companies are now under increasing pressure to meet evolving regulatory requirements, while still remaining innovative and competitive. A Cloud adoption strategy is becoming mainstream in financial services companies globally targeting three main objectives: However, when adopting Cloud, the following challenges emerge as the most common: Stratio Generative AI Data Fabric is helping banks and insurance companies get the maximum value from Cloud adoption and resolve the three key challenges.  How Stratio Accelerates…

Financial services and insurance companies face many challenges — with rising interest rates, inflation, and mounting losses all impacting their bottom line. Compounding these issues is the growing number of Fintech and Insurtech competitors, making it harder for financial services companies to differentiate their offerings and gain the long-term loyalty of customers.  In this turbulent landscape, many forward-thinking brands are now embracing groundbreaking technologies like Generative AI (Gen AI) to overcome the aforementioned obstacles. Unlike…

AI has become a hot-button topic over the past year, set to transform a swathe of industries, including the world of finance. The scale of AI adoption in the finance industry is rapidly expanding. According to a report by Forbes, 54% of Financial Services organizations with 5,000+ employees have already adopted some form of AI. Additionally, findings from JLL reveal that banking and insurance companies worldwide are anticipated to spend an additional $31 billion on…