AutoML: How AI Could Become more Accessible to Banks and Financial Institutions

The difference between success and failure in the banking industry depends on risk management. Banks are under pressure to provide better and more exceptional customer services to stay competitive. At the same time, banks face challenges from growing governance, regulatory frameworks, increasing costs, customer defaults, crimes and frauds, and so on. Be it retail lending, …

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Effects of Covid-19 on Sales Incentive Compensation Policies

The world is so dynamic now, more than ever before. Everything is evolving constantly and keeping up with it is a task. Traditionally sales were a seasonal game. Policy changes were minimal and sales teams knew their target markets beforehand, basically, everything was pre-planned in advance and nothing was impromptu. Now, companies need policy modifications …

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Why Your Incentive Compensation Plan is not Working? Ways to Incorporate an Impactful Plan.

Incentive compensation in real life Have you played Grand Theft Auto, Minecraft, Roadrash or any other video game? What is the most motivating moment for you while playing the game? The increment in levels and incentives associated with it, right? That’s how these games have become an immersive experience, I remember playing Roadrash all day …

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8 Things You Should Look for Before Selecting a Compensation Management Solution

“A recent Gallup poll survey revealed that only 2 in 10 employees say their performance is managed in a way that motivates them to do outstanding work and 21% employees strongly agree their pay and incentives motivate them to achieve their goals”. We quite agree to that but here is the catch – it’s a …

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Comprehensive Machine Learning Applications for Banks and NBFC’s with Use Cases!

Artificial Intelligence (AI) spend in the banking and finance industry in the United States has increased at 82.9% during 2018 to reach US$ 696.3 million. Over the forecast period (2019-2025), spend on AI is expected to record a CAGR of 28.4%, increasing from US$ 1,094.9 million in 2019 to reach US$ 6,289.1 million by 2025 …

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