Big Tech For Small Banks
Net Interest Margin Fee Income Safety and Soundness
FEW WORDS ABOUT US
About Amberoon
Amberoon addresses C-suite priorities with solutions that improve Net Interest Margin (NIM), boost fee income, and effectively manage risk within the safety and soundness mandates of community banks. Amberoon solutions bring big tech to small banks—tools typically beyond the reach of smaller institutions. Amberoon solutions consist of a portfolio of interconnected products that leverage advanced technologies like GenAI tailored for banking workflows, secure identity management using blockchain, and predictive models using machine learning to solve business problems that add immediate value for banks. As an approved vendor for many banks and the U.S. Treasury, we offer regulator-inspired solutions that improve efficiency and effectiveness of community banks.
Dawn Dauer
Chief Banking Officer, The Bank of Missouri
Chris Nichols
Director of Capital Markets, South State Bank
Robb Gaynor
Sr Publisher of Searching For AI
SAAS PRODUCT
Solutions
ELITE FEATURES
Agile Approach
Situation
Small banks have it hard: Rising operational costs, tighter earnings levels, the inability to benefit from economies of scale. These organizations spend five to ten times as much as big banks (as a percentage of assets) on Anti-Money Laundering requirements alone. Modernizing AML compliance can affect ROTE by 60-100 basis points. These technologies are available, but they remain out of reach.
Approach
Agile Compliance represents a new approach to AML: A blend of modern technologies (secure cloud, AI/ML, intelligent automation) and targeted processes to streamline processes, enhance efficiencies and ensure compliance. It’s closely aligned with regulatory guidelines that require financial institutions to identify risks in different areas, and is designed to perfectly manage the balance between innovation and safety & soundness.
Solution
Amberoon uses Agile Compliance to develop technologies that enhance AML, measure performance and manage operational risk. They’re built on a Regulatory System of Insight (RSOI) that uses each bank's systems of record, systems of automation and systems of engagement. Insights are delivered through forensic inquiry and predictive modeling. All offerings are provisioned in a hybrid cloud through a SaaS model.
SAAS PRODUCT
Agile Analytics Blog
The concept of the "Finternet"—a vision for the future of global finance—has been gaining traction in financial circles. This vision was ...
A recent report by the U.S. House Financial Services Committee's Bipartisan AI Working Group highlights AI's transformative potential in ...
Amidst the ever-evolving financial landscape, mid-sized banks in the U.S. hold a significant position, bridging the gap between smaller, ...
The growing importance of fintech partnerships and AI technologies in modernizing financial services and expanding access was highlighted ...
Ever wondered what William the Conqueror, Taylor Swift, and your bank account have in common? Buckle up, because we're about to embark on a ...
The future of a bank is not what it used to be. With due apologies to Yogi Berra, it is hard to predict the outlook of a small bank. In the ...
SAAS PRODUCT
Press Release
San Francisco & Cupertino, California, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Ovenue Inc., a leading provider of artificial intelligence ...
Innovative no-code solution makes modern AI technologies easily accessible, with special pricing for MDIs Cupertino, CA, March 23, 2022: ...
SAAS PRODUCT
news
It still runs many large banks around the globe so what can be done about DXC’s mainframe-based workhorse, Hogan? The supplier has a plan and ANZ is one of those on the journey
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of six teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type.
Technology firms that will make up six teams were selected to participate in a “tech sprint” designed to explore new technologies and techniques to determine how well community banks, and all banks, can withstand a major disruption of any type, the federal insurer of bank deposits said Monda
Last year, IBM designed an industry-first platform called the IBM Cloud for Financial Services™. This summer we introduced a partner ecosystem to support the platform.
Our partners create consistent reliable services and more personalized experiences every day on the IBM Cloud. We asked partners why they chose the IBM Cloud for Financial Services. Here’s what they had to say.
Banks today are facing a significant challenge: they must evolve to follow the latest trends in new technology and consumer demand, while adhering to stricter and ever-changing industry regulations.
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of 14 technology companies to compete in the next phase of the agency’s Rapid Prototyping Competition, a tech sprint designed to develop an innovative new approach to financial reporting, particularly for community banks.